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Showing posts with label Deed of Rectification. Show all posts
Showing posts with label Deed of Rectification. Show all posts

Saturday 5 October 2019

DEED OF RECTIFICATION



                                                   Deed of Rectification
This Deed is made on  _______________ Between
_______________, Age: ____________ years, R/o ______________ (Hereinafter called mortgagor) of the first part. And ________________________is represented by branch Manager (Hereinafter called mortgagor) of the Second part.
Whereas by deed of mortgage dated _______________ the above said ________________________ granted the loan facility of Rs.__________ (______________Rupees only) of the property detailed herein below:
Description of Property  :                               
Boundaries:
East:
West:
South:
North: 
The above said registered mortgage transaction deed has been registered at Document Serial No. ___________
before the sub Registrar Office ______in Book no._______
Volume No:  ______________
(Hereinafter called the Principal Deed)
AND WHEREAS certain mistakes have accidentally and inadvertently crept in the Principal Deed which requires rectification in the manner herein after appearing:
NOW THIS DEED Witnesses That the Principal deed shall be rectified and corrected in the following manner: 
In the Last page of mortgage deed, Number of the E-Swast mentioned as ______________
Whereas __________ is to be inserted and rectified.
We also agree that the Security afforded by us way of creating registered mortgage on ___________ shall remain in full force and effect until the sums due to the mortgage by the mortgagor/s under the terms of principal deed, either by way of this loan or otherwise are fully paid and discharged to the satisfaction of the mortgage and only thereafter the mortgage shall be bound to recover the said premises to the mortgage at the expenses of the mortgagor
We also agree and confirm that the other terms and conditions of the principal deed dated ____________ as such Rate of Interest, repayment Conditions of the Loan etc., remain unchanged
That as rectified and modified as aforesaid the Principal Deed shall remain in full force and effect.
In witness where of the parties hereto have executed and signed this Rectification Deed on _________