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This Deed of Mortgage made at …………………. this ……………. day of ………………. Between X, son of …………………………. resident of ………………………. hereinafter referred to as as a mortgagor of the ONE PART and Y, son of …………………. resident of ……………… hereinafter referred to as as a mortgagee of the OTHER PART.

WHEREAS, the mortgagor is totally seized and possessed of or in any other case properly and sufficiently entitled to the home bearing municipal no……………. located on …………………… Highway, ………………….. extra significantly described within the Schedule hereunder written;

AND WHEREAS, the mortgagor has requested the mortgagee to lend him a sum of Rs. …………………… which the mortgagee has agreed on the mortgagor mortgaging his property.

NOW,This Deed Witnesseth That in pursuance to the stated settlement and in consideration of the sum of Rs. ……………… at or earlier than the execution of those presents paid by the mortgagee to the mortgagor (the receipt whereof, the mortgagor doth hereby admit and acknowledge and of and from the identical hereby launch and discharge the mortgagee), the mortgagor hereby covenants with the mortgagee that he can pay on the ………………… day of …………….. (hereinafter referred to as “the stated date”), the stated sum of Rs. …………….. with curiosity @ …….. % every year from the date of those presents until the reimbursement of the stated sum in full, each quarter the primary instalment of curiosity to be paid on the ………………. day of ………. 20___ and every subsequent instalment on the ……………. day of July, October, January and April of every succeeding yr till the stated sum is repaid in full.

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AND this deed additional WITNESSETH that

In consideration aforesaid, the mortgagor doth hereby switch by means of mortgage his home bearing municipal no …………….. located on ………….. Highway . …………………. and extra significantly described within the Schedule hereunder written as a safety for reimbursement of the stated sum with curiosity @ ……………. every year with the situation that the mortgagor, his heirs, executors, directors or assigns shall on the stated the pay to the mortgagee, his heirs, executors, directors or assigns the stated sum of Rs ………….. along with curiosity thereon on the charge talked about above, the stated mortgagee, his heirs, executors, directors, or assigns shall at any time thereafter upon the request and at the price of the mortgagor, his heirs, executors, directors or assigns reconvey the stated home, hereinbefore expressed to be mortgaged unto or to the usage of the mortgagor, his heirs, executors, directors or assigns or as he or they shall direct.

And It Is Hereby Agreed And Declared that if the mortgagor doesn’t pay the stated mortgage quantity with curiosity when shall turn into due and payable beneath these presents, the mortgagee shall be entitled to promote the stated home by means of any competent courtroom and to understand and obtain the stated mortgage quantity and curiosity, out of the sale proceeds of the home.

And It Is Additional Agreed And Declared by the mortgagor that throughout the interval, the mortgage quantity is just not paid and the stated home stays as a safety for the mortgage quantity, the mortgagor shall insure the stated home and take out an insurance coverage coverage within the joint names of the mortgagor and mortgagee and proceed the stated coverage in full drive and impact by paying premium and in case of default by the mortgagor to insure or to maintain the insurance coverage coverage in full drive and impact, the mortgagee can insure the stated home and the premium paid by the mortgagee will probably be added to the mortgage quantity, if not paid by the mortgagor on demand.

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And It Is Additional Agreed That the mortgagor can grant lease of the stated home with the consent of the mortgagee in writing.

And It Is Additional Agreed by the Mortgagor that he shall bear stamp obligation, registration fees and different out of pocket bills for the execution and registration of this deed and reconveyance deed however nevertheless every celebration will bear value {and professional} fees of his Solicitor/Advocate.

IN WITNESS WHEREOF the events have put their fingers the day and yr first hereunder written.

The Schedule above referred to

Signed and delivered by X the inside named mortgagor

Signed and delivered by Y the inside named mortgagee

WITNESSES;

1.

2

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