Simple Pledge Deeds Hypothecation 911 Legal Draft Template
| Category | Deeds Hypothecation |
| Format | Rich Text |
| File name | Simple pledge-Deeds-Hypothecation-911.rtf |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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Simple pledge
To
The Manager
Bank of ......……….
Dear Sir,
I, Mr …………………….. residing at ……………………. hereby confirm that the …………. and ………….. mentioned in the list hereto attached have been pledged with you by me and are lying in your custody as such pledge to secure a loan of rupees …................ I have borrowed from you and in respect of which I have passed a separate writing.
In case I fail to pay the said amount as agreed you will be entitled to enforce the pledge by sale of the said ………… and ………….. at the market rate and appropriate the net sale proceeds towards the amount payable to you and I will have no objection to your doing so. The balance of the sale proceeds if any will be paid to me immediately. In the event of the sale proceeds proving insufficient to pay the amount in full I will continue to be liable to pay the same personally until repaid.
Dated : …….………
The Manager
Bank of ......……….
Dear Sir,
I, Mr …………………….. residing at ……………………. hereby confirm that the …………. and ………….. mentioned in the list hereto attached have been pledged with you by me and are lying in your custody as such pledge to secure a loan of rupees …................ I have borrowed from you and in respect of which I have passed a separate writing.
In case I fail to pay the said amount as agreed you will be entitled to enforce the pledge by sale of the said ………… and ………….. at the market rate and appropriate the net sale proceeds towards the amount payable to you and I will have no objection to your doing so. The balance of the sale proceeds if any will be paid to me immediately. In the event of the sale proceeds proving insufficient to pay the amount in full I will continue to be liable to pay the same personally until repaid.
Dated : …….………
Yours truly