Fillable Printable Blank Deed of Mortgage Form

Blank Deed of Mortgage Form

Deed of Redemption (mortgage)

This deed of redemption is made at ___________on this the__________

day of ___________ . between

Mr. ____________, son of Mr. __________, aged about __________years,

residing at____________________________, hereinafter referred as

MORTGAGER (which expression shall, unless it is repugnant to the context

mean and include his legal representatives and executors.)

And

Mr. ___________, son of Mr. _________, aged about _________years,

residing at ________________________________, hereinafter referred to as

MORTGAGEE (which expression shall, unless it is repugnant to the context

mean and include his legal representatives and executors.)

WHEREAS, the property, more fully described in the schedule I hereto; was

mortgaged by the MORTGAGER to the MORTGAGER as security for the

repayment of a debt amounting to Rs____________ Under a deed of

mortgage dated_______, registered as document number: in the

office of the Sub-Registrar _____________.

The MORTGAGEE has received full and final repayment of the loan amount

of Rs. __________Borrowed by the MORTGAGEE_______ under the

aforementioned Deed of Mortgage dated ___________vide cheque

number/Cash_________ dated_______ drawn on the _____________in

favour of the MORTGAGEE.

In return for the payment received in respect of the loan amount, the

MORTGAGOR hereby releases the Schedule I mentioned property duly

discharged from the mortgage created under the Deed of Mortgage dated

____________in favour of the MORTGAGEE.

NOW THEREFORE IN CONSIDERATION OF MUTUAL AGREEMENT

BETWEENT HE PARTIES CONTAINED HEREIN THIS DEED

WITNESSETH AS FOLLOWS

In pursuance of the agreement aforementioned, the Mortgager does hereby

release to and in favour of the Mortgagor, the Schedule Mentioned Property

duly discharged from the mortgage created under the Mortgage Deed, TO

HAVE AND TO HOLD the same absolutely and forever, free from all or any

encumbrances, claims, demands and any dispute arising under this Deed or

any matter incidental thereto shall be submitted to arbitration as per the

provisions of the Arbitration and Conciliation Act, 1996.

SCHEDULE I

IN WITNESS WHEREOF, the MORTGAGER and the MORTGAGEE has

hereto set {his/her} hand to this deed of redemption on the day, month and

year hereinabove written.

WITNESSES:

1. Signature of the Mortgagee

2. Signature of the Mortgagor