Mortgage Deed

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MORTGAGE DEED

This Mortgage Deed is made on this __ day of __, 20, between:


A, son of ______, resident of ________, (hereinafter referred to as "the Mortgagor"),
which term shall unless repugnant to the context or meaning thereof be deemed to mean and
include his heirs, executors, administrators, successors, and assigns of the ONE PART;

AND

D, son of ______, resident of ________, (hereinafter referred to as "the Mortgagee"),


which term shall unless repugnant to the context or meaning thereof be deemed to mean and
include his heirs, executors, administrators, successors, and assigns of the OTHER PART.

WHEREAS:

The Mortgagor is the absolute owner and in possession of the commercial complex
situated at No. 11, Sector 9, Jaipur, which comprises one waiting area, three washrooms, and
two conference halls (hereinafter referred to as "the Property").

NOW THIS DEED WITNESSETH AS FOLLOWS:

In consideration of the sum of Rs. 1 crore lent and advanced by the Mortgagee to the
Mortgagor, the Mortgagor hereby transfers by way of mortgage the Property to the Mortgagee,
subject to the conditions herein contained, to secure the repayment of the loan along with
interest and other charges thereon.

The Mortgagor hereby covenants with the Mortgagee that he will, on the __ day of __,
20 (the due date) or earlier upon demand, pay to the Mortgagee the said sum of Rs. 1 crore
together with interest thereon at the rate of __% per annum, calculated from the date hereof,
and such interest to be paid quarterly/monthly in arrears.

The Mortgagor hereby assures the Mortgagee that he is the absolute owner of the
Property and has full right and authority to mortgage the same. The Property is free from any
hindrances, claims, or legal disputes.

The Mortgagor shall keep the Property insured against all risks with an insurer approved
by the Mortgagee and shall pay all premiums as and when due. The Mortgagor shall maintain
the Property in good condition and shall not commit or suffer any act of waste.
If the Mortgagor defaults in the payment of the principal sum or interest thereon or any
part thereof, or in the performance of any covenant herein contained, the Mortgagee shall have
the right to enter into and take possession of the Property and sell the same by public auction
or private treaty, and to apply the proceeds thereof towards the payment of all sums due to the
Mortgage.

Upon payment of the said sum of Rs. 1 crore with interest thereon and all other money
due under this Deed, the Mortgagee shall retransfer the Property to the Mortgagor and shall at
the cost of the Mortgagor execute and do all such acts and deeds as may be necessary for the
purpose.

This Deed shall be governed by and construed in accordance with the laws of India,
and the parties hereto submit to the jurisdiction of the courts in Jaipur.

IN WITNESS WHEREOF, the parties hereto have set their hands on the day, month,
and year first above written.

Signed, Sealed, and Delivered by the within named Mortgagor.

SCHEDULE
No. 11, Sector 9, Jaipur,
Total Extent :
East :
North :
West :
South :
Witness
1. _______
2. _______
_________
Mortgagor

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