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    Mortgage Deed

    Uploaded by

    Shweta Joshi
    This document is a mortgage deed between Shridhar Jadhav and Babulal Kale for a property in Aurangabad. Shridhar needs Rs. 60 lakh for his business and requests Babulal to lend him the amount. In exchange, Shridhar transfers possession of the described property to Babulal, with the agreement that if Shridhar repays the amount plus 6% annual interest by February 25, 2019, possession will revert to Shridhar. Otherwise, the transfer of property will become absolute for Babulal. The document details the terms of repayment and responsibilities of maintenance for the property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mortgage Deed

    Uploaded by

    Shweta Joshi
    129 views4 pages
    This document is a mortgage deed between Shridhar Jadhav and Babulal Kale for a property in Aurangabad. Shridhar needs Rs. 60 lakh for his business and requests Babulal to lend him the amount. In exchange, Shridhar transfers possession of the described property to Babulal, with the agreement that if Shridhar repays the amount plus 6% annual interest by February 25, 2019, possession will revert to Shridhar. Otherwise, the transfer of property will become absolute for Babulal. The document details the terms of repayment and responsibilities of maintenance for the property.

    Original Description:

    Mortgage deed

    Original Title

    mortgage Deed

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    © © All Rights Reserved

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    This document is a mortgage deed between Shridhar Jadhav and Babulal Kale for a property in Aurangabad. Shridhar needs Rs. 60 lakh for his business and requests Babulal to lend him the amount. In exchange, Shridhar transfers possession of the described property to Babulal, with the agreement that if Shridhar repays the amount plus 6% annual interest by February 25, 2019, possession will revert to Shridhar. Otherwise, the transfer of property will become absolute for Babulal. The document details the terms of repayment and responsibilities of maintenance for the property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    129 views4 pages

    Mortgage Deed

    Uploaded by

    Shweta Joshi
    This document is a mortgage deed between Shridhar Jadhav and Babulal Kale for a property in Aurangabad. Shridhar needs Rs. 60 lakh for his business and requests Babulal to lend him the amount. In exchange, Shridhar transfers possession of the described property to Babulal, with the agreement that if Shridhar repays the amount plus 6% annual interest by February 25, 2019, possession will revert to Shridhar. Otherwise, the transfer of property will become absolute for Babulal. The document details the terms of repayment and responsibilities of maintenance for the property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    MORTGAGE DEED

    This deed of sale is made at Aurangabad this 14 th day


    of February, 2018 between Shridhar S/o Vyanktesh Jadhav
    resident of - Aurangabad hereinafter called the 'Vendor' of
    One Part and Babulal S/0 Devilal Kale resident of
    Aurangabad hereinafter called the"Purchases" of other
    part.
    Whereas the Vendor is absolutely seized and
    possessed of otherwise well and sufficiently entitled to the
    land and premises -being Plot No.7, situated at Gut No.
    114, Satara Parisan, Devlali, Aurangabad within the
    Registration District of Aurangabed and more particularly
    described in the Schedule hereunder written.
    And whereas the Vendor is in need of Rs.
    60,00,000/- (Sixty lakhs Rupees) only for his business.
    Andpurposes requested the
    purchaser to lend him the sold sum, which the
    purchases has agreed to do on the Vendor executing these
    presents.
    Now this deed witnesseth that in pursuance of the
    agreement and in consideration of the sum of
    Rs.60,00,000/- (sixty lakhs Rupees) only paid by the
    purchaser to the Vendor (the receipt of which the vendor
    hereby acknowledges) the Vendor hereby
    transfers and delievers vacant possession of all that the
    land and premises more particularly described in the
    Schedule hereunder written , together with all the rights
    and privilages appuraitement there to into the said
    purchaser to hold the same for ever subject to the
    condition that if and when the Vendor repays the said sum
    of Rs. 60,00,00- (sixty lakhs Rupees) only with interest
    thereon at the rate of 6%. per annum compoundable
    annually, to the Purchaser on the 25th day of February,
    2019 hereinafter referred to as the due date, the grant and
    transfer of the said property as herein before provided
    shall become void and in that event the purchaser shall
    recover the said house and premises and this deed and in
    case of default in payment of the said amount with interest
    afore said on the said date the, transfer hereby made shall
    become an absolute sale in favour of the Purchaser,
    (1) The Vendor hereby Coverents with the Purchaser that
    he is the absolute owner of the said house and premises
    that the same is free from on the said date, the any
    encumbrance, charge or lien whatsoever
    (2) The purchaser shall keep the said house in tenentable
    condition and the shall bear the expenses for repairs and
    maintainance of the said house,the mortgager shall also
    defray all taxes, assessments, land revenue and other
    charges payable in respect of the said house and premises
    to the State of Maharashtra Municipal Corporation of
    Aurangabed or any public on local authority. All the
    expenses incurred and payments made by the purchaser
    will be added to the said money and shall be recoverable
    with interest by the purchaser from the Vendor.
    (3) The purchaser Covenants with the Vender that he shall
    not let out the said house to any person or persons and
    be shall keep the possession said house in his own.
    (4) If the Vendos makes default in interest on the due date
    as right to foreclose the Vendor's equity of redemption.
    In Witness Where of the parties hereto have hereunto set
    their hands the 14th day February 2018
    The schedule above referred to
    PLOT No -7 ,Situated Gut No -114 satara parisar, Devlali
    , Aurangabad
    Plot Bounded As:-
    East :- Plot no -8
    West. :- Plot no -9
    South :- Road
    North. :- Plot no -10

    Signed and delivered by the within named

    Shridhar S/o Vyanktesh Jadhav


    Signed and delivered by the within named

    Babulal S/0 Devilal Kale

    Witness:-

    1) .JaykumarS/o Dadarao Jadhav

    2).Akash S/o Madhav Diwan.

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