This
memorandum relating to Deposit of title deeds is executed on ________ day
of ______________ month of _____________ year by
Sri./Smt.__________________________, S/o./
W/o.____________________________, occupation____________________, and
aged __________ years, residing
at_________________________________ herein after called the MORTGAGOR.
In favour
of
Sri./Smt.__________________________S/o./W/o.________________________
_, occupation____________________, aged __________ years, residing
at_____________________________________________Herein
referred to as the MORTGAGEE.
Whereas, the term Mortgagor and Mortgagee, unless
repugnant to the context shall mean and include their representatives heirs,
successors, executors, administrators, trustees, legal representatives and
assigns.
Whereas, the Mortgagor herein, is the sole and
absolute owner of immovable property bearing No.___________ known as
_____________________ situated at morefully described in the schedule hereunder
written and herein after called the schedule-A property.
Whereas,
the Mortgagor is the absolute owner, having acquired the property, by
____________________ and since
then Mortgagor has been in possession and
enjoyment of the schedule-A property and paying taxes and levies
thereon, as sole and absolute owner thereof.
Whereas the Mortgagee has agreed to advance to the
Mortgagor a sum of Rs.___________ (Rupees__________________only). The receipt
whereof will be acknowledged by the Mortgagor under vouchers separately passed
by him.
NOW IN CONSIDERATION OF SUCH ADVANCE MADE OR TO BE MADE and for securing
repayment thereof with interest thereon at ______________
percent per annum from the date of such advance.
The said Mortgagor has this______ day and be secured by way of deposit title
deeds described in schedule-B referred to the property denoted in schedule-A
hereto and it has been
agreed that the security deposit of title deeds be by the way of
equitable deposit of title deeds documents pertaining to his title to the
scheduled-A property in the place _________ a notified under Section 58(f) of
the Transfer of Property Act, 1882 for repayment of the amounts becoming due
together with any lawful charges, costs and expenses that may be incurred.
SCHEDULE-A
All the piece and parcel of immovable property bearing No.____________ Measuring
_______________
Bounded
by: -
On the
East
On the
West
On the
South
On the
North
SCHEDULE-B
List of
documents deposited with the Mortgagee;
1 .
2 .
3 .
4 .
5 .
6. etc.
The Stamp duty is paid as per Article 6 (1) of the Schedule to the
Karnataka Stamp Act, 1957.
IN WITNESS WHEREOF the Mortgagor has put his hand the day and year first
hereunder written.
WITNESSES:
|
|
1.
|
MORTGAGOR
|
2.
|
MORTGAGEE
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