Mortgage Deed Form
FORM NO. 3
Form of Mortgage Deed to be exeucuted when the property is freehold
[ Rule 5 (a) ]
The indenture made this _______________ day of ____________ Two Thousand and
_________________between _______________son / daughter of _________________ at present
employed as ____________________ in the Ministry / Office of _________________________ at
___________________________ (hereinafter called ‘THE MORTGAGOR’ which expression shall
unless excluded by 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
MORTGAGOR’ which expression shall unless excluded by or repugnant to the subject or context include
his successors in office and assigns ) of the OTHER PART.
WHEREAS the Mortgagor is the absolute and sole 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 MORGAGOR applied to the MORTGAGEE for an advance of
Rs._______________________ (Rupees _____________________________only) for the purpose of
enabling the MORTGAGOR-
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(1) to purchase land and to construct a house thereon or * (to enlarge living accommodation in the
existing house on the said hereditaments).
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(2) to construct a house on the said hereditaments, or * (to enlarge living accommodation in the house on
the said hereditaments).
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(3) to purchase a ready-built aforesaid house.
AND WHEREAS the Mortgagee agreed to advance to the Morgagor the said sum of
Rs.____________________(Rupees ____________________) (insert full amount), vide the Ministry /
Office Letter No._____________ dated ___________, a copy of which is anne xed 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 on observance of all the terms and conditions contained in the “Rules
to regulate the grant of advances to 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 the “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.
______________________________________________________________________
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mention whatever is applicable.
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