This Deed of Mortgage
This Deed of Mortgage
This Deed of Mortgage
Between
And
Whereas
(1) The Mortgagor has borrowed a sum of Rs._________ (Rupees _______) from the
Mortgagee and has promised in repaying said sum with interest @ __ % annually.
(2) The Mortgagor being owner of and completely seized of a plot of land located at
____________ (more specifically stated in the schedule hereto).
(3) The Mortgagee has asked and the Mortgagor has consented to mortgage the said
property as security for payment of said loan.
2. That securing the aforesaid loan, the Mortgagor hereby transfer, by way of simple
mortgage, to the Mortgagee ALL that property stated in schedule annexed hereto
(hereinafter stated "the mortgaged property") intending that if payment is defaulted of
mortgage money hereunder, the Mortgagee can get mortgaged property be sold, which sale
proceeds will be applicable in paying the mortgage money.
3. The Mortgagor also agrees with Mortgagee that mortgaged property is free from all
encumbrances /charge.
4. The Mortgagor shall bear a right, prior sum becoming due per this deed, for paying to
Mortgagee any sum not less than Rs. _________, due to sum secured under this deed. All
sum so paid shall be applicable per order as bellow:
(i) By reducing or paying interest /costs then due per the terms of this deed in reducing or
paying the principal money secured under this deed.
5. The Parties hereto consents that the cost of registration of this deed with stamp duty and
other misc. expenditure shall be borne by the Mortgagor
In Witness Whereof, the parties hereunto have hereunder put their signed this day
________ of _________.