- MORTGAGE DEED
THIS DEED OF
MORTGAGE is executed at___ on this ____ day of___
, 2001 by and BETWEEN Mr___, son of___,
Indian Inhabitant aged about___ years, residing
at___ (hereinafter referred to as the
MORTGAGOR (which expression shall,
unless repugnant to the subject or context, mean
and include his heirs, successors, assigns,
executors, administrators or any one claiming
through or under him) of the ONE PART; AND
Mr.___, son of ___, Indian Inhabitant aged
about___ years, residing at ___ (hereinafter
referred to as the MORTGAGEE (which expression
shall, unless repugnant to the subject or
context, mean and include his heirs, successors,
assigns, executors, administrators or any one
claiming through or under him);
WHEREAS the
Mortgagor is the absolute owner in possession of
the property bearing no.___
WHEREAS the
Mortgagee has agreed to lend and advance a sum of
Rs___ to the Mortgagor at his request with
interest at the rate hereunder stated and secure
in the manner hereinafter expressed.
NOW THIS DEED
OF MORTGAGE WITNESSETH AS FOLLOWS:
1.In consideration
of the sum of Rs___ paid by the Mortgagee to the
Mortgagor by way of cash/ cheque/ Demand Draft
the Mortgagor hereby acknowledges and admits the
Mortgagor do hereby agree with the Mortgagee that
the Mortgagor will on or before (date) pay to the
Mortgagee the sum of Rs___ , with interest at the
rate of___.% per annum, such interest to be paid
monthly and every month on....day without any
delay or default.
OR
The Mortgagor has
earlier borrowed a sum of Rs___from the Mortgagee
and the Mortgagor has agreed to create a mortgage
by the Mortgagor has agreed to create a mortgage
by way of security for the said loan.
2. As security for
the repayment of the said loan with interest, the
Mortgagor do hereby charge, assure and mortgage,
by way of simple mortgage, unto and in favour of
the mortgagee all that piece and parcel of the
land bearing___
SCHEDULE
All that piece and
parcel of the property bearing
no._________________________, and bounded on the
:-
- EAST
BY
:
- WEST
BY :
- NORTH
BY :
- SOUTH
BY :
IN WITNESS
WHEREOF, the parties abovenamed have affixed
their respective signatures to this deed on the
day, month and year first above written.
- SIGNED,
SEALED AND DELIVERED
- by the
withinnamed Mortgagor in the
- presence of
____________________
- SIGNED,
SEALED AND DELIVERED
- by the
withinnamed Mortgagee in the
- presence of
____________________
NOTE: If the
principal sum secured is Rs.100 or more,
registration under Section 17 (1) (b) of the
Indian Registration Act is mandatory.
|