Deed Of Charge Deeds Mortgages And Pledges 1622 Legal Draft Template
| Category | Deeds Mortgages And Pledges |
| Format | Rich Text |
| File name | Deed of Charge-Deeds-Mortgages and Pledges-1622.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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Deed of Charge
THIS DEED OF CHARGE is made at…………….this……..day of……..between Mr. A of………….hereinafter referred to as The Party of the First Part, of the One Part and Mr. B of……………….hereinafter referred to as "The Party of the Second Part" of the Other PartWHEREAS: -
1. The Party of the First Part is the husband of the Party of the Second Part but both of them are living separate.
2. The Party of the First Part as such husband is liable to pay and has agreed to pay to the Party of the Second Part by way of maintenance a sum of Rs………per month in advance on or before the 5th day of each month hereafter and it is agreed between the parties that the payment would be a charge on the property of the Party of the First Part, being the land and premises situate at…………….and more particularly described in the Schedule hereunder written in the manner following:
NOW THIS DEED WITNESSETH and it is agreed by and between the parties hereto that the payment of the said sum of Rs………………..per month by the Party of the First Part to the party of the Second Part and such smaller or larger amount as may hereafter be agreed upon between the parties from time to time as and by way of maintenance payable by the Party of the First Part to the Party of the Second Part shall be a charge on, and the Party of the First Part hereby charges, the said land and premises with the payment of the said liability to pay maintenance to the Party of the Second Part.
AND IT IS AGREED THAT in the event of the party of the First Part failing to pay any monthly instalment or instalments when the same becomes due and payable, as hereinbefore stated the Party of the Second Part will be entitled to enforce the charge hereby created by bringing the said land and premises to sale through any competent court of law and to realise and receive the amount due out of the net sale proceeds thereof.
IN WITNESS WHERE OF the Party of the First Part has put his hand the day and year first hereinabove written.
THE SCHEDULE ABOVE REFERRED TO
Signed and delivered by the within-named
A in the presence of