Simple Mortgage Deed In The Form Of A Deed Poll Legal Draft Template
| Category | Agreements Mortgage And Pledge |
| Format | |
| File name | Simple Mortgage Deed in the Form of a Deed Poll |
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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 ............
- The schedule above
referred toMORTGAGORWITNESSES;12 .