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    Mortgage Deed: Between

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    Business Law Group CUSB
    1) Pooja Singh mortgaged her house located in Sikariya More, Gaya to Richu Sharma for a loan of Rs. 15 lakhs at 8% annual interest to fund family expenses and her sister's wedding. 2) The mortgage period is 4 years, after which Pooja must repay the full loan amount plus interest to Richu, who will then return the property deeds. 3) Pooja confirms there are no other claims on the property and will indemnify Richu against any losses from other encumbrances.

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    Mortgage Deed: Between

    Uploaded by

    Business Law Group CUSB
    70 views2 pages
    1) Pooja Singh mortgaged her house located in Sikariya More, Gaya to Richu Sharma for a loan of Rs. 15 lakhs at 8% annual interest to fund family expenses and her sister's wedding. 2) The mortgage period is 4 years, after which Pooja must repay the full loan amount plus interest to Richu, who will then return the property deeds. 3) Pooja confirms there are no other claims on the property and will indemnify Richu against any losses from other encumbrances.

    Original Title

    MORTGAGE DEED

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    1) Pooja Singh mortgaged her house located in Sikariya More, Gaya to Richu Sharma for a loan of Rs. 15 lakhs at 8% annual interest to fund family expenses and her sister's wedding. 2) The mortgage period is 4 years, after which Pooja must repay the full loan amount plus interest to Richu, who will then return the property deeds. 3) Pooja confirms there are no other claims on the property and will indemnify Richu against any losses from other encumbrances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    70 views2 pages

    Mortgage Deed: Between

    Uploaded by

    Business Law Group CUSB
    1) Pooja Singh mortgaged her house located in Sikariya More, Gaya to Richu Sharma for a loan of Rs. 15 lakhs at 8% annual interest to fund family expenses and her sister's wedding. 2) The mortgage period is 4 years, after which Pooja must repay the full loan amount plus interest to Richu, who will then return the property deeds. 3) Pooja confirms there are no other claims on the property and will indemnify Richu against any losses from other encumbrances.

    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 2

    MORTGAGE DEED

    KNOW ALL MEN by this ‘Mortgage’ deed executed on 01/11/2020 (First day of

    November of Two thousand twenty).

    BETWEEN

    SRI POOJA SINGH, D/O. Sri Vasudev Singh, Aged about 25 years, Occupation:

    Business, Address: H. No. 1.2, Sherghati, Gaya, 824211, Bihar (herein after called the

    MORTGAGOR).

    AND

    SRI RICHU SHARMA, D/O: Sri , Aged about 30 years. Occupation: Government

    Employee, Address: H.No. 007, Nutan Nagar, Gaya, 823002 (herein after called the

    MORTGAGEE.)

    WHEREAS the Mortgagor purchased a house situated at Sikariya more specifically described
    in the Schedule attached hitherto, by his self earnings as a Businesswoman.

    AND WHEREAS the Mortgagor hereby mortgages the above said house to the buyer for a
    loan amount of Rs. 15,00,000/- (Rupees fifteen lakhs only) the need of money being for her
    family expenses and for the marriage of her sister.

    Now this deed witnesseth:

    1. That the mortgagor hereby mortgages the said property by transferring the title deeds of the
    property to the mortgagee and creating a limited ownership to the mortgage in the property

    2. That the mortgagor agrees to pay an interest at the rate of 8 % per annum (Eight per cent
    per annum) for the mortgage money received from the mortgagee.

    3. That the period of mortgagor is for 4 Years and that the mortgagor promises to pay back
    the mortgage money together with interest at the rate specified above to the mortgagee
    immediately after the expiry of the said mortgage period and that the mortgagee promises to
    give back the 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.

    IN WITNESS WHEREOF, the Mortgagor and the Mortgagee hitherto have signed on
    01.11.2020 (First of November Two thousand and twenty) at Gaya before the Sub

    Registrar’s Office.

    SCHEDULE OF THE PROPERTY

    All the part and parcel of house building property bearing Municipal No. 12A, situated in
    Sikariya more, Gaya, 823002 consisting of a plinth area of 1200sq.ft. constructed on a total
    landed area of 300sq.yds. and bounded by: North

    North: Neighbour’s house bearing No. 1/11

    South: 30’ Public Road West East West East

    East: Neighbour’s house bearing No. 1/14

    West: 15’ Public Road South

    In witness thereof the parties herein has put his hand and signed on this deed of sale on the
    day, month, year and place first above mentioned with her free will and consent and without
    any coercion or fraud, in the presence of following witnesses:

    1) Pooja Singh

    H.No. 1.2

    Sherghati

    Gaya, 824211 MORTGAGOR

    2) Aarya Sharma

    H.No. 007

    Nutan Nagar

    Gaya, 823002 MORTGAGEE

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