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    Mortgage Deed-5

    Uploaded by

    prashantrayatye
    The document is a draft format for a simple mortgage deed between a mortgagor and mortgagee. It includes sections for parties details, property details, mortgage terms such as amount and interest rate, conditions of the mortgage, and signatures of parties and witnesses. The key points are that the mortgagor is borrowing funds and mortgaging their property as security, with the obligation to repay the loan amount plus interest to the mortgagee within the agreed period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mortgage Deed-5

    Uploaded by

    prashantrayatye
    138 views4 pages
    The document is a draft format for a simple mortgage deed between a mortgagor and mortgagee. It includes sections for parties details, property details, mortgage terms such as amount and interest rate, conditions of the mortgage, and signatures of parties and witnesses. The key points are that the mortgagor is borrowing funds and mortgaging their property as security, with the obligation to repay the loan amount plus interest to the mortgagee within the agreed period.

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    © © All Rights Reserved

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    The document is a draft format for a simple mortgage deed between a mortgagor and mortgagee. It includes sections for parties details, property details, mortgage terms such as amount and interest rate, conditions of the mortgage, and signatures of parties and witnesses. The key points are that the mortgagor is borrowing funds and mortgaging their property as security, with the obligation to repay the loan amount plus interest to the mortgagee within the agreed period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    138 views4 pages

    Mortgage Deed-5

    Uploaded by

    prashantrayatye
    The document is a draft format for a simple mortgage deed between a mortgagor and mortgagee. It includes sections for parties details, property details, mortgage terms such as amount and interest rate, conditions of the mortgage, and signatures of parties and witnesses. The key points are that the mortgagor is borrowing funds and mortgaging their property as security, with the obligation to repay the loan amount plus interest to the mortgagee within the agreed period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Final model draft agreed to by MoUD and DoLR

    Note:- This is a model draft and may be customized according to individual


    requirement.

    FORMAT

    1. Nature of the Document : SIMPLE MORTGAGE DEED

    2. (i) Date of Execution : ……………………………………………

    (ii) Place of execution : ……………………………………………

    3. Name of the Mortgagor : ……………………………………………

    Age : ………years

    Father/Husband Name : …………………………………………….

    Address : …………………………………………….
    ………………………………………………
    ………………………………………………
    ………………………………………………

    Note: (if there are more than one Mortgagors the particulars in column may be repeated)

    (i) Name of the agent (if any) : …………………………………………….

    Age : …………..years

    Father/Husband Name : …………………………………………….

    Address : …………………………………………….
    ………………………………………………
    ………………………………………………
    ………………………………………………
    Details of Power of Attorney : .……………………………………………
    ………………………………………………
    ………………………………………………

    4. Name of the Mortgagee : …………………………………………….

    Age : ………years
    Final model draft agreed to by MoUD and DoLR

    Father/Husband Name : …………………………………………….

    Address : …………………………………………….
    ………………………………………………
    ………………………………………………
    ………………………………………………

    Note :(If there are more than one Mortgagees, the details in column 4 may be repeated).

    5. Source of title to the property : …………………………………………….

    6. Previous Registration :Document No Year Office


    ……………. ……… ………

    7. Details of Mortgage if any entered ; …………………………………………….

    8. (i) Mortgage Amount : Rs……………………(Rupees …………..only)

    (ii) Interest : ……………………………………………. PM/PA.

    (iii)Details & Mode of Payment : ………………………………………………

    (iv) Period of repayment : …………………..Years/Months/on demand

    9. Conditions of Mortgage:
    (i) that the mortgagor is the sole owner of the property mortgaged and is in
    absolute possession, occupation and enjoyment of the property described
    in schedule hereunder, and no one else has got any right, title, power and
    interest in the property hereby mortgaged.
    (ii) that the mortgagor is in need of funds and has therefore approached the
    Mortgagee and the Mortgagee has agreed to lend the same on the surety of
    the property described in schedule hereunder.
    (iii) that the mortgagor undertakes to repay the loan amount together with
    interest thereon at the rate and within the period abovementioned.
    (iv) In consideration aforesaid, the mortgagor doth hereby transfer by way of
    mortgage his house bearing municipal no ................. situated at
    Final model draft agreed to by MoUD and DoLR

    ................................................................. and more particularly described


    in the Schedule hereunder written as a security for repayment of the said
    sum with interest @ ................ per annum with the condition that the
    mortgagor, his heirs, executors, administrators or assigns shall on the said
    the pay to the mortgagee, his heirs, executors, administrators or assigns the
    said sum of Rs .............. together with interest thereon at the rate
    mentioned above, the said mortgagee, his heirs, executors, administrators,
    or assigns shall at any time thereafter upon the request and at the cost of
    the mortgagor, his heirs, executors, administrators or assigns re-convey the
    said house, hereinbefore expressed to be mortgaged unto or to the use of
    the mortgagor, his heirs, executors, administrators or assigns or as he or
    they shall direct.
    (v) that on default in the aforesaid repayment of the loan amount and interest
    thereon the Mortgagee shall be free to enforce against the property
    described in schedule hereunder, without intervention of the Court, under
    Section 69 of the Transfer of Property Act after giving notice to the
    mortgagor to sell the Mortgaged property.
    (vi) that the amount mentioned above have been fully lent by the Mortgagee
    and the Mortgagor acknowledges the receipt of the amount mentioned in
    Column 8(i).
    (vii) that the mortgagor hereby mortgages by way of Simple Mortgage with the
    mortgagee, the property described in schedule hereunder together with all
    rights, title and interest of the Mortgagor in and upon the said property and
    part thereof to have and to hold the property unto the Mortgagee.
    (viii) That the mortgagor shall bear stamp duty, registration charges and other
    out-of-pocket expenses for the execution and registration of this deed and
    re-conveyance deed.
    10. Any other Terms and Conditions (if any):

    11. Schedule of whole property agreed to be conveyed:

    Revenue District : ………………………………………………


    Sub-Registrar Office : ………………………………………………
    Final model draft agreed to by MoUD and DoLR

    Village : ………………………………………………
    Local Body concerned : ………………………………………………
    Ward No : ………………………………………………

    GRS No/O.S.No/ R.Survey No./T.S.No……………………………………………


    (whichever is applicable)

    Survey Block No./ Survey Ward No. ………………………………………………

    Total Extent ……………………………………………... Hec./Sq.M/Sq. feet.

    Extent of Land agreed to be conveyed:………………. Hec/Sq.M/Sq. feet.

    Street Name:………………………….. Door No:………Flat No………..

    Boundaries
    East by: ………………………………………………….
    West by: ………………………………………………….
    North by: ………………………………………………….
    South by: …………………………………………………..

    Linear Measurements:
    East to West on the Northern side: …………m
    East to West on the Southern side: …………m
    North to South on the Eastern side: …………m
    North to South on the Western side: …………m

    12. If the property agreed to be conveyed is a portion of the above said property

    Details of property agreed to be conveyed : ……………………………………….

    13. Any other details regarding Schedule of Property:


    IN WITNESS WHEREOF the parties hereto have set their respective hands unto this deed on the
    day, month and year first mentioned above in the presence of the following witnesses:-

    WITNESSES:
    Signature of the Mortgagor

    1.

    2.

    Signature of the Mortgagee


    1.

    2.

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