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Another Deed Of Reconveyance For Reconveying Mortgaged Property - Legal Draft

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Category : Agreements Mortgage And Pledge

This Deed of

Reconveyance made at ............. this .................... day of

.............. 19 ........ Between A son of .................... a resident of

............... hereinafter called the "Mortgagee" (which expression

shall unless repugnant to the context or meaning thereof, include his heirs,

executors, administrators, legal representatives, successors and assigns) of

the ONE PART and Shri B son of Shri C, hereinafter called "the

Mortgagor" (which expression shall unless repugnant to, the context or

meaning thereof include his heirs, executors, administrators, legal

representatives, successors and assigns) of the OTHER PART.Whereas by an

Indenture of Mortgage dated the .................... made between the Mortgagor

of the ONE PART and the Mortgagee of the OTHER PART and registered on

............... bearing No. ................ of Book 1 in the Office of the

Sub-Registrar, ....................... (hereinafter called the "Principal

Indenture"), the Mortgagor granted, conveyed, transferred, assigned and

assured unto the Mortgagee the property bearing Plot No. ........, admeasuring

1000 sq. mtrs. thereabout together with the building erected thereon situated

in the Registration sub-district of .................. and the Registration

District of .................... more particularly described in the Schedule

hereunder written (hereinafter referred to as "the said Mortgaged Property")

to secure a loan of Rs. ............ (Rupees .................. only) made by

the Mortgagee to the Mortgagor together with interest thereon, subject

nevertheless to the proviso for redemption therein contained.and Whereas the said

loan of Rs. ................ (Rupees ...................... only) together with

the interest owing to the Mortgagee has been paid in full by the Mortgagor to

the Mortgagee on or about ....................And Whereas the

mortgagor is now desirous of having a reconveyance of the said mortgaged

property as hereinafter contained.NOW THIS INDENTURE

WITNESSETH that in consideration of the said loan and interest due and owing to

the Mortgagee under the Principal Indenture being paid in full (the receipt

whereof the Mortgagee doth hereby admit and acknowledge and of and from the

same doth hereby acquit, release and for ever discharge the Mortgagor), the

Mortgagee doth hereby grant, reassign, reconvey and release and for ever quit

claim unto the Mortgagor. All that piece of land, hereditaments and premises

comprised in and grant or otherwise assured by the Principal Indenture and more

particularly described in the Schedule hereunder written with all the rights,

easements and appurtenances as in the Principal Indenture expressed and all the

estates, right, title and interest property, claim and demand whatsoever of the

Mortgagee into, out of or upon the said land, hereditaments and premises by

virtue of the Principal Indenture to have and hold the said land,

hereditaments, premises hereby granted, reassigned, reconveyed and released

unto and to the use of the Mortgagor for ever freed and discharged from all

moneys secured and intended to be secured by the said Principal Indenture and

from all actions, suits, accounts, claims and demands whatsoever either at law

or in equity for, upon, on account or in respect of the said moneys or any part

thereof or for, or in respect of the Principal Indenture or of anything

relating to the premises and the Mortgagee hereby covenants with the Mortgagor

that the Mortgagee has not done or executed knowingly, willingly, permitted,

suffered or been party or privy to any act, deed, matter or thing whereby the

Mortgagee is prevented from granting, reassigning and reconveying the said

Mortgaged Property or any part thereof, are/is or can be impeached, encumbered

or affected in title, estate or otherwise howsoever.IN WITNESS WHEREOF

the Mortagagee has set hand the day and the year first hereinabove written.The schedule of the

propertyAll that piece and

parcel of plot of land bearing Plot No. .. Survey No. ..

admeasuring 1000 sq. mtrs. or thereabout bounded as follows:On the North by plot

No. .On the East by plot

No. ..On the South by 60

wide road ..On the West by 60

wide roadSigned and delivered

by the within named mortgageSigned and delivered

by the within named mortgagorWITNESSES;1.2.


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