Form of Mortgage Deed
FORM OF MORTGAGE DEED TO BE EXECUTED
WHEN THE PROPERTY IS FREEHOLD
The indenture made this _________ day of ____________ 200 (Two thousand
_______________) between Shri/Smt _________________Son/Daughter/Wife of
Shri/Smt _________________________at present employed as _______________________in
the Ministry/Office of ____________________________________at ____________________
(hereinafter called “THE MORTGAGOR” which expression shall unless excluded by a or
repugnant to the subject or context, include his/her heirs, executors, administrators and assigns)
of the ONE PART and THE PRESIDENT OF INDIA (hereinafter called “THE
MORTGAGEE” which expression shall, unless excluded or by repugnant to the subject or
context include his successors in office and assigns) of the OTHER PART.
WHEREAS the MORTGAGOR is the sole and absolute beneficial owner and is seized
and possessed of or otherwise well and sufficiently entitled to the land and/or house
hereditaments and premises hereinafter described in the Schedule hereunder written and for
greater clearness delineated on the plan annexed hereto and thereon shown with the boundaries
thereof coloured ______________and expressed to be hereby conveyed, transferred and
assured (hereinafter referred to as “the said Mortgaged Property”)
AND WHEREAS The MORTGAGOR applied to the MORTGAGEE, for an advance
of Rs. _________
(Rupees___________________________________________________ only) for the purpose
of enabling the MORTGAGOR:-
*(1) to purchase land and to construct a house thereon or (to enlarge living
accommodation in the existing house on the said hereditaments).
*(2) to construct a house on the said hereditaments, or (to enlarge living
accommodation in the house on the said hereditaments).
*(3) to purchase a ready-built aforesaid house.
AND WHEREAS the Mortgagee agreed to advance to the Mortgagor the said sum of
Rs._______________(insert full amount) vide the Ministry/Office letter No.
________________________ dated ________
a copy of which is annexed to
these presents for the purpose aforesaid on the terms and conditions set forth therein etc.
AND WHEREAS one of the conditions for the aforesaid advance is that the Mortgagor should
secure the repayment of the said advance and due observance of all the terms and conditions
contained in the “Rules to regulate the grant of advances for Central Government servants for
building, etc. of houses” issued by the Government of India, Ministry of Works, Housing and
Supply with their O.M. No. H II-27(5)/54 dated the 12
th
April 1956 (hereinafter referred to as
“said Rules” which expression shall, where the context so admits include any amendment
thereof or addition thereto for the time being in force) by a mortgage of the property described
in the schedule hereunder written.
contd..2..
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