This Indenture made at this……………..day
of.....................20……………..between A, son of……………..resident
of.....................I hereinafter referred to as the "Mortgagee"
of the ONE PART and B, son of……………..resident of……………..hereinafter referred to
as the "Mortgagee" of the, OTHER PART.
WHEREAS by an Agreement dated……………..and
registered in the office of Sub-Registrar of
Assurances at……………..under SI. No.
.................... of ……………..:,…………….. 20 ……………..the Mortgagor deposited
title deeds relating to the piece or parcel of land, described in the Schedule thereunder as also
in the Schedule I hereunder written in consideration of the sum of Rs .
……………..paid by the Mortgagee to the Mortgagor and the Mortgagee was to hold the
said title deeds as an equitable security for the repayment of Rs …………….. and
interest at the rate of ……………..% p.a. by the Mortgagor to the Mortgagee;
AND WHEREAS the Mortgagor has paid to the
Mortgagee interest from time to time due under the said equitable mortgage upto
date
AND WHEREAS the Mortgagee has desired the
Mortgagor to pay principal sum due to him as aforesaid, which the Mortgagor has
agreed to pay subject to Mortgagee executing Release Deed as is hereinafter
contained.
NOW THIS INDENTURE WITNESSETH THAT in consideration
of……………..the sum of Rs ……………..(Rupees……………..) to the Mortgagee by the Mortgagor
in full and final payment on the equitable mortgage dated……………..(the receipt
whereof the said Mortgagee doth hereby
admit and acknowledge), the Mortgagee doth hereby release and discharge the
title deeds and writing specified in the Schedule 11 hereto and also the piece
or parcel of land described in the Schedule I hereunder written from the
equitable security created thereon in respect thereof by the said mortgage dated
the……………..and from all claims, demands and rights in respect thereof or in any
wise relating to and the said Mortgagee hereby covenant with the Mortgagor that
he has not done or knowingly suffered
anything to be done whereby the said property or any part thereof may be
encumbered.
IN WITNESS WHEREOF the said Mortgagee has
set his hands at.....................the day and year first hereinabove written
The Schedule I above referred to
The Schedule II above referred to
WITNESSES Signed and delivered by the
withinnamed
1 . 2.
Receipt Received this……………..day
of……………..20…………….. from the withinnamed the sum of Rupees……………..only
being the full consideration money payable to me.
WITNESSES I
say Received 1 . .....................
2. Mortgagee
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