Simple Mortgage Deed In The Form Of A Deed Poll - Legal Draft

I, X ................

son of ...................... resident of ................... has borrowed a

sum of Rs. ............. (Rupees ...............................) from Y, son

of ...................... resident of and 1 hereby promise to pay Rs.

................ with interest at the rate of .......... % per annum on

........... hereinafter called the due date.And as a collateral

security and for the consideration aforesaid, I hereby transfer by way of

simple mortgage all that property described in the Schedule hereto hereinafter

referred to as the said property with the intent that in case default is made

in payment of the mortgage money on the due date, the said Y shall be entitled

to sell the said property and realise and receive the whole or the balance or

any sum payable from me under these presents.And I, X assure and

covenant with Y that 1 am seized of or otherwise well and sufficiency entitled

to the said properly and there is no encumbrance or charge thereon.IN WITNESS WHEREOF,

the mortgagor has put his hand on this ................ day of ............

1. The schedule above

referred toMORTGAGORWITNESSES;12 .