Simple Mortgage Deed
SIMPLE MORTGAGE DEED
This deed of SIMPLE MORTGAGE executed at
on this the day of 2004 by
Son of Hindu , aged about years and residing at
herein after called the MORTGAGOR
To and In favour of
Thiru. Son of hindu aged about years and residing at
No.
herein referred to as the MORTGAGEE.
Whereas, the term Mortgagor and Mortgagee, unless repugnant to the context shall mean
and include their representatives heirs, successors, executors, administrators, trustees,
legal representatives and assigns.
Whereas, the Mortgagor herein, is the sole and absolute owner of immovable property
morefully described in the schedule hereunder written and herein after called the
scheduled property.
Whereas, the Mortgagor is the absolute owner, having acquired the property, by
and since then Mortgagor has been in possession and enjoyment of the schedule property
and paying taxes and levies thereon, as sole and absolute owner thereof.
Whereas Mortgagor being in need of money for the purpose of his family expenses and
the . Mortgagor requested the Mortgagee to lend him a sum of Rs. (Rupees. only)
which the Mortgagee has agreed to lend to the Mortgagor executing these presents with a
view to secure the repayment thereof with interest as herein after provided.
NOW THIS DEED WITNESSETH that pursuant to the said agreement and in
consideration of the sum of Rs. (Rupees. only) lent and
advanced by the Mortgagee to the
Mortgagor on the execution of these presents (receipt whereof the Mortgagor hereby
admit). He, the Mortgagor hereby covenants with the Mortgagee that he the Mortgagor
will pay to the Mortgagee the sum of Rs. (Rupees. only) on the day of
(herein after referred to as the 'due date') with interest thereon in the meanwhile and until
repayment of the said sum in full, at the rate of on the day of and each subsequent
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