Deed Of Conveyance In Favour Of Mortgagee Legal Draft Template

This Deed of

Conveyance is made at ........ this ....... day of .... between Mr ........ A'

residing at ........ hereinafter referred to as 'the vendor' of the One Part,

and Mr 'B' residing at ........ hereinafter referred to as 'the Purchaser' of

the Other Part.Whereas the Vendor is

absolutely seized and possessed of or otherwise well and sufficiently entitled

to the land and premises situate at ........ and more particularly described in

the Schedule hereinafter written.And Whereas by a Deed

of Mortgage dated the ........ day of ........ made between the Vendor (therein

called the Mortgagor) of the One Part and the Purchaser (therein called the

Mortgagee) of the Other Part and registered at the office of the Sub Registrar

at ........ under serial No ......... of Book No. 1 on the ..... day of

........ the Vendor, in consideration of the sum of Rs ........ lent and

advanced by the Purchaser as Mortgagee, granted and transferred the said land

& premises into the Purchaser as Mortgagee as therein mentioned subject to

the covenant for redemption therein contained and on the terms, powers &

provisions therein provided.And Whereas there Is

now due and owing by the Vendor as Mortgagor to the Purchaser as Mortgagee a

sum of Rs ........ for principal and a sum of Rs ........ for interest

aggregating to Rs .........And Whereas the

Vendor As unable to repay the said amount and, therefore, requested the

Purchaser to purchase the said land and premises in consideration of the said

sum of Rs ....... due and owing by the Vendor to the Purchaser and in full

discharge of the said mortgage debt and which the latter has agreed to do in

the manner following.And Whereas for the

purposes of stamp duty the consideration /market value is fixed at Rs ........NOW THIS DEED

WITNESSETH that pursuant to the said agreement and in consideration of the said

sum of Rs ........ due and payable by the Vendor as Mortgagor to the Purchaser

as Mortgagee and in full discharge of the said mortgage debt the Vendor doth

hereby grant and convey by way of sale unto the Purchaser the said land and

premises more particularly described In the Schedule hereunder written TOGETHER

WITH ALL the things permanently attached thereto or standing thereon and all

the privileges, casements, profits, rights and appurtenances whatsoever to the

said land and other premises hereby granted or any part thereof belonging or

anywise appertaining thereto and All the estate, rights, title. interest, use,

possession, benefit, claim and demand whatsoever in law or otherwise of the

Vendor to the said piece of land and other the premises hereby conveyed and

every part thereof TO HAVE AND HOLD the same unto and to the use and benefit of

the Purchaser absolutely and forever to the Intent and purpose that the said

mortgage in favour of the Purchaser as Mortgagee and the latter's, right, title

and interest in the said land and premises as Mortgagee shall become fully

merged In the title of the Purchaser as owner and in full discharge of the personal

covenant to pay the mortgage debt and all other moneys payable under the said

Deed of Mortgage by the vendor as mortgagor but subject to the payment of all

rents, rates, taxes, assessments, dues and duties now chargeable and payable

and that may become chargeable and payable from time to time hereafter in

respect of the same to the Government or the Municipal Corporation of ........

or any other public body or local authority in respect thereof.AND THE VENDOR DOTH

HEREBY CONVENANT WITH THE PURCHASER THAT1.

The

Vendor now has in himself good right and full power to convey and transfer by

way of sale the said piece of land, and other the premises hereby conveyed or

intended so to be unto and to the use of the Purchaser in the manner aforesaid.2.

The

Purchaser may from time to time and at all times hereafter peaceably and

quietly enter upon, occupy, or possess and enjoy the said land, and premises

hereby conveyed with their appurtenances, and receive the rents, issues and

profits thereof and every part thereof for his own use and benefit without any

suit, lawful eviction or interruption. claim and demand whatsoever from or by

him the Vendor or his heirs or any of them or by any person or persons claiming

or to claim, from, under or in trust for him or any of them.3.

The

Purchaser shall hold the said land and premises free and clear and freely and

clearly and absolutely acquitted, exonerated, and forever released and

discharged or otherwise by the Vendor including of the said Deed of Mortgage,

and well and sufficiently saved, defended, kept harmless and indemnified of

from and against all former and other estates, titles, charges and encumbrances

whatsoever made occasioned and suffered by the Vendor or by any other person or

persons claiming or to claim by from under or in trust for him.4.

The

Vendor and all persons having or claiming any estate, right, title or interest

In the said land and premises hereby conveyed or any part thereof by. from,

under or in trust for the Vendor or his heirs, executors, administrators and

assigns or any of them shall and will from time to time and at all times

hereafter at the request and costs of the Purchaser do and execute and cause to

be done and executed all such further and other lawful acts, deeds, things, in

law whatsoever for the better and more perfectly and absolutely granting the

said land, and premises and every part thereof hereby conveyed unto and to the

use of the Purchaser in manner aforesaid as by the Purchaser, his heirs.

executors, administrators and assigns shall be reasonably required.IN WITNESS WHEREOF the Vendor has put his

hand the day and year first hereinabove written.SCHEDULE ABOVE

REFERRED TO(Description of the

property)Signed And Delivered

by thewithinnamed Vendor

......Shri

.................. in the presence of ...... ..