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    MORTGAGE With Possession DEED For House

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    Robin T
    1. The document is a mortgage deed between a mortgagor and mortgagee for a house. The mortgagor took out a loan of [amount] from the mortgagee and is mortgaging the house as collateral for the loan, which is needed for family expenses and a daughter's wedding. 2. For the period of the mortgage, the mortgagee has possession and ownership rights over the property including receiving rent, paying taxes, occupying, possessing, enjoying and leasing the property. 3. At the end of the mortgage period, the mortgagor must repay the loan amount, at which point the mortgagee will return possession and title deeds to the mortgagor.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    MORTGAGE With Possession DEED For House

    Uploaded by

    Robin T
    127 views3 pages
    1. The document is a mortgage deed between a mortgagor and mortgagee for a house. The mortgagor took out a loan of [amount] from the mortgagee and is mortgaging the house as collateral for the loan, which is needed for family expenses and a daughter's wedding. 2. For the period of the mortgage, the mortgagee has possession and ownership rights over the property including receiving rent, paying taxes, occupying, possessing, enjoying and leasing the property. 3. At the end of the mortgage period, the mortgagor must repay the loan amount, at which point the mortgagee will return possession and title deeds to the mortgagor.

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    1. The document is a mortgage deed between a mortgagor and mortgagee for a house. The mortgagor took out a loan of [amount] from the mortgagee and is mortgaging the house as collateral for the loan, which is needed for family expenses and a daughter's wedding. 2. For the period of the mortgage, the mortgagee has possession and ownership rights over the property including receiving rent, paying taxes, occupying, possessing, enjoying and leasing the property. 3. At the end of the mortgage period, the mortgagor must repay the loan amount, at which point the mortgagee will return possession and title deeds to the mortgagor.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    127 views3 pages

    MORTGAGE With Possession DEED For House

    Uploaded by

    Robin T
    1. The document is a mortgage deed between a mortgagor and mortgagee for a house. The mortgagor took out a loan of [amount] from the mortgagee and is mortgaging the house as collateral for the loan, which is needed for family expenses and a daughter's wedding. 2. For the period of the mortgage, the mortgagee has possession and ownership rights over the property including receiving rent, paying taxes, occupying, possessing, enjoying and leasing the property. 3. At the end of the mortgage period, the mortgagor must repay the loan amount, at which point the mortgagee will return possession and title deeds to the mortgagor.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    MORTGAGE With Possession

    DEED For House/Plot

    KNOW ALL MEN by this ‘Mortgage’ deed executed on


    between
    …….
    aged ……. residing at
    …… herein
    after called the MORTGAGOR.
    AND

    aged ……… Years residing at

    herein after called the MORTGAGE.

    WHEREAS the Mortgagor purchased a house situated


    at
    (Location of the house)
    more specifically described in the Schedule attached hitherto, by his
    self earnings as an Advocate.

    AND WHEREAS the Mortgagor hereby mortgages the above said


    house to the buyer for a loan amount of Rs. ………
    (Rupees……………………………………………………………………….
    ……………………………...only) the need of money being for his family
    expenses and for the marriage of his daughter.

    Now This Deed Witnesseth:

    1. That the Mortgagor hereby in lieu of interest for the said loan
    amount, gives possession of the said house for a period of ….. years
    and thus transfers limited ownership of the property to the
    mortgagee.
    2. That the mortgagee has the right to receive rent, pay taxes, occupy,
    possess, enjoy and lease the property subject to the provision of
    redemption but not to mortgage or sell the property.
    3. That the mortgagor promises to pay back the mortgage loan to the
    mortgagee immediately after expiry of the mortgage and that the
    mortgagee promises to give back the possession of the house and
    title deeds to the mortgagor, immediately on receipt of the
    mortgaged money from the mortgagor.
    4. That the mortgagor hereby declares that the there is no
    encumbrance in the property and indemnifies the mortgagee against
    any loss arising due to any such encumbrance in the said property.

    5. That the mortgagor has received Rs………….only


    (Rupees………………………………………………………. only) as loan from
    the
    mortgagee of the property.

    IN WITNESS WHEREOF, the Mortgagor and the Mortgagee


    hitherto have signed on ……. at ……. …………….. before the Sub
    Registrar’s Office …………..
    Schedule of the property

    East :
    West :

    North :
    South:

    (Signature of the Mortgagor) (Signature of the Mortgage)


    WITNESSES:
    1.

    2.

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