Clause

Compulsory /optional

The data to be filled in

This deed of mortgage made and executed ------(1)-------AT.-----(2)----between

Compulsory

1)Date of execution
2)Location

----------------------(3)-------------------------Age -----(4)--------Occupation ---------(5)----Residing At. ----------(6)-------PAN -------(6 A)---------UID --------(6 B) Mobile No.----(6C)----Email id No. -----(6D) --------HEREINAFTER Called “ the Mortgager” (which expression shall unless excluded by or repugnant to the subject to the context include his/her heirs, executors administrators representative assigns and transferee in interest of the ) one part AND

Compulsory

Mortgager’s details
3)name
4)age
5)Occupation
6)Address
6A) PAN (Number)
6B) UID(Number)(Optional)
6C) Mobile No.(Optional)
6D) E-mail id(Optional)
if the Mortgagor is represented by his agent or general power of attorneyholder or special power of attorney holder, then his full name, occupation, age, address andcapacity under which he represents the Mortgagor shall be entered

---------------------------(7)----------------------------------------------------Designation of Authorized signatory ---------------(8)-------------------------------------Bank Address:--------(9)-----------Branch at -----------(10)-----------------------TAN No:-.-------(11)-----------UID-----------(12A)----------Mobile No.----(12B)---Email id No. -----(12D) --------hereinafter called the “Mortgagee”(which expression shall unless excluded by or repugnant to the subject or context include its successors, transferees-in-interest and assigns ) the other part.

Compulsory

MORTGAGEE’S DETAILS
(7)Bank Name
(8) Designation of Authorizedsignatory, Branch Manager /Representative
(9) Bank Address
(10) Branchat
(11)TAN (Number)
(12A) UID (Designation of Authorizedsignatory )(Optional)
(12 B) Bank Mobile No.(Optional)
(12 C) Bank Email Id(Optional)

AND WHEREAS the mortgagor is the sole and absolute owner ofimmovableProperty described in Schedule hereunder, and hereinafter referred to as the ‘said Property

Compulsory

Nil

Whereas, the Mortgagor is the absolute owner, having acquired the property, by___________(13)_________ and since then Mortgagor has been in possession andenjoyment of the schedule property and paying taxes and levies thereon, as soleand absolute owner thereof.

Compulsory

(13) Describe whether the ownership is acquired by inheritance OR by partition of joint family property ORby release ORby gift ORby settlement ORby will (bequeath) ORby sale deed registered as document No._______year______ in the office of the Registrar OR Sub-Registrar___________

Whereas Mortgagor being in need of money for the purpose of_______(14)___________. Mortgagor requested the Mortgagee to lend him a sum ofRs.____(15)_______ which the Mortgagee hasagreed to do on the Mortgagor executing these presents with a view to secure therepayment thereof with interest as hereinafter provided.

Compulsory

(14) Purpose of Loan
(15) Loan Amoun

AND WHEREAS mortgagor assured unto the mortgagee that he/she would pay the said amount which is an outstanding debt payable from the mortgagor to the mortgagee along with interest thereon;

Compulsory

Nil

AND WHEREAS the mortgagees have agreed to grant loanup to Rs. ----(16)------/-FROM TIME TO TIME to the mortgagors agreeing to utilize the amounts so advanced for the purpose applied for and on such terms and conditions as the mortgagees may stipulate from time to time and on the mortgagees securing the same by executing a mortgage of their immovable property

Compulsory

(16 ) As per Bank loan sanction letter loan Amount

AND WHEREAS the mortgagee agreed to give time to the mortgagor so as to enable him/her/themto make the payment of the aforesaid debt; however, the mortgagee insisted on the mortgagor so as to furnish unto the mortgagee security for this payment of debt;

Compulsory

Nil

AND WHEREAS considering the cooperation extended by the mortgagee by giving time to the mortgagor the payment of the aforesaid debt, the mortgagor readily agreed to confer such a security unto the mortgagee;

Compulsory

Nil

AND WHEREAS the parties hereto had due deliberations and discussions, and the mortgagor has agreed to mortgage the said property in favourof the mortgagee as a collateral security;

Compulsory

Nil

AND WHEREAS the parties hereto have arrived at an understanding which they have decided to reduce into writing being these presents;

Compulsory

Nil

NOW,THIS DEED WITNESS as follows:
1) That themortgagor does hereby mortgage the said property in favour of the mortgagee subject to the terms and conditions stated in this deed.

Compulsory

Nil

2) That the mortgagor is liable to pay unto the mortgagee an amount of Rs. ----------------(16)------------as a debt, and for the purpose of securing repayment of this debt, mortgagethe said property in favour of the mortgagee.

Compulsory

(16) Loan Amount

(3) That the mortgagor hereby agrees torepay the said amount of debt within a period of ----(17)------years from execution of these present.

Compulsory

(17) Loan Period

(4) That the mortgagor hereby assures to pay unto the mortgagee the said amount of Rs. ------------(16)-------along with interest thereon at the rate of -------(18)------% per annum.And the Mortgagorwouldalso repay loan amount with interest to Mortgageeat. Rs.-----(19)-----/-monthly/quarterly installment

Compulsory

(16) Loan Amount
(18) Rate of interest
(19) installment amount----Optional

(5) That the mortgagor assures unto the mortgagee that the said property is his/herabsolute property, and no one else has any right, title or interest in the same. The mortgagor hereby assures unto the mortgagee that the said property is free from any encumbrances.

Compulsory

Nil

(6) That themortgagor hereby assures unto the mortgagee that he/shewill not deal with the said property in any manner so as to prejudicially affect the rights of the mortgagee.

Compulsory

Nil

(7)And it is further agreed and declared by the Mortgagor that he shallalso be liableto pay and shall pay all the costs, charges and expenses that the Mortgagee willincur for the protection of the mortgage security and or for the realization of themortgage amount and the same shall be deemed to form part of the mortgageamount and the security therefore as aforesaid

Compulsory

Nil

(8) And it is further agreed that during the pendingof the security hereby createdand until repayment of the mortgage amount,the Mortgagor will get insured andkeep insured the said scheduled propertyfrom anyloss anddamages due to fire or any other incident in the sum of at least Rs.___(20)_____ withsome Insurance Company of repute and pay all premium in the insurance policy asand when it becomes due and payable in respect thereof to such company and shallhand over the policy to the Mortgagee duly endorsed in his name as assignee and in the event of the Mortgagor failing to do so or to pay the premium, theMortgagee will be entitled to insure the said propertyand structures and/or to paythe premium thereon and the amount paid by the Mortgagee in respect thereof willbe deemed to form part of the mortgage amount.

Compulsory

(20) As per bank Requirement insurance amount

(9) That in the event, if the mortgagor fails to repay the aforesaid amount of debt along with interest thereon, then the mortgagee shall be entitled to claim foreclosure of the mortgage, and in the default of the mortgagor, the mortgagee shall be entitled to enforce all such remedies available against the mortgagor as are available to the mortgagee under simple mortgage.

Compulsory

Nil

(10) All the obligations of the Mortgagor and all the rights and remedies and powers of the Mortgagee under the law for the time being in force except so far as they be expressly varied or may be inconsistent with these presents shall be deemed to be incorporated in these presents. PROVIDED THAT the provision of Sections 61, 65A and 67A, respectively, of the Transfer of Property Act, 1882, shall not apply to these presents or to the Mortgagor or the Mortgagee intersand this shall be deemed a contract to the contrary for the purpose of these sections

Compulsory

Nil

(11) The Mortgagor confirms and declares that he/shehas actual possession of the Mortgaged Premises and has absolute power and authority to mortgage the Mortgaged Premises in favour of the Mortgagee and provided that the possession of the said mortgaged property is / will neither be given nor agreed to be given to Mortgagee except in the event of default.

Compulsory

Nil

(11A )

Optional

(11A ) The parties can write any other terms and conditions as per their requirement up to 1000/-characters with space

(12)That all the expenses towards stamp duty, registration charges and incidental expenses thereto were agreed to be borne out by the mortgagor, and accordingly he/she hasdone so

Compulsory

Nil

THE SCHEDULE OF THE PROPERTY ABOVE REFERRED TO
All that piece and parcel of land situatedwithin Registration Division and District ----------(21)-----------Sub-Divisionand Taluka ----------(22)---------within the limits of ----------(23)--------------Municipal corporation/Council/Cantonment Board/Grampanchayat situate At. Village -------(24)-----Survey No./City Survey No./Final Plot No/Nazul No./Khasra No.---(25)---Hissa/Plot No.------(26)-------With Constructed Building name as --------(27)--------Flat No./House No. ----(28)-------Floor No. ------(29) ----------Area -------------(30) ---------sqmts./Hector are /square feet And bounded by as follows:

Compulsory

(21) District
(22) Tahsil /Sub-District
(23) 1. Municipal Corporation
(23) 2. Municipal Council
(23) 3.Cantonment Board
(23)4. Grampanchayat
(24) Village
(25) 1. city surveyNumber
(25) 2. Gat No.
(25) 3. Final Plot No.
(25) 4. Serve No.
(25) 5. Nazul seat No.
(25) 6.Khasra No. ( for identification of property out of this type one numeric should be compulsory)
(26) 1. Plot No.
(26) 2. Hissa No. (as per applicable)
(27) With Constructed :-as per applicable Building name as
(28) 1. UNIT No.(Flat/Shop/Office/Parking)
(28) 2. House No. ( as per applicable)
(29) Floor No.
(30) 1.Square Meter for measurement of property
(30) 2. Hector-areout of this type one numeric
(30) 3. Square Feet should be compulsorys

On or towards the East:-------------------------(31)--------------On or towards the South:--------------------------(32)-------------On or towards the West:----------------------------(33)------------On or towards the North:-----------------------------(34)-----------IN WITNESS WHEREOF the parties here to have signed hereunder at.----------(2)--------on this ----------(1)--------day

Compulsory

Property Boundaries
(31)East Property: No/Name
(32) South Property: No/Name
(33) West Property: No/Name
(34) North Property: No/Name
(2) Location
(1) Date of execution

MORTGAGOR’S Name and SIGN ---(35)---------MORTGAGEE’S Name and SIGN ----(36)--------WITNESSES:1. Name and sign -----(37)------------------------------------------------------------------------2. Name and sign -----(38)------------------------------------------------------------------------

Compulsory

Execution and Witnesses
(35) 1. Sign by Mortgagor
(35) 2. Name of Mortgagor
(36) 1. Sign by Signatory
(36) 2. Name of Signatory (Optional)
(36) 3. Designation of Mortgagee Signatory (Optional)
(37) 1. Witness No. 1. Name
(37) 2. Witness No. 1. Address
(37) 3. Witness No. 1. Sign
(38) 1. Witness No. 2. Name
(38) 2. Witness No. 2. Address
(38) 3. Witness No. 2. Sign