Deed of the Reconveyance of Mortgaged Property

Deed of the Reconveyance of Mortgaged Property

This deed of reconveyance made this ……….…….  day of ……………. 2000 between CD son of ……………………………… residing at ……………………. hereinafter called the MORTGAGEE (which term shall include his heirs, successors, legal representatives and assigns) of the one part and AB son of ……………..  residing at …………… hereinafter called the MORTGAGOR (which term shall include his heirs, successors, legal representatives and assigns) of the other part WHEREAS by an Indenture of Mortgage dated …………. made between the parties hereto and registered in Book I, vol. ………..,  page ……….. to ………..  being No. ………… of the office of Sub-Registrar of …………. of …………. it was witnessed that for the consideration mentioned therein the property fully mentioned and described in the schedule hereto and hereinafter referred to as the said property was granted, transferred, assigned and assured unto and to the use of the MORTGAGEE subject to the proviso for redemption thereunder contained and whereas the mortgagor has paid up, satisfied and discharged the entirety of the mortgage debt inclusive of all interest due thereon and also all costs due and payable to the MORTGAGEE on that account and WHEREAS the MORTGAGEE has delivered back to the mortgagor all the title deeds in respect of the said property including the deeds of mortgage with full satisfaction endorsed thereon. Now this Indenture witnesses that in consideration of all principal money, interest and costs due under the hereinbefore recited Indenture of Mortgage having been paid, satisfied and discharged which the MORTGAGEE hereby admits, acknowledges and confirms the said CD hereby release the said AB from all his liability and obligation under the deed of mortgage hereinbefore recited and also the mortgaged property and does hereby grant, transfer and reconvey the same unto and to the use of the said AB all that property mentioned in the schedule to have and to hold the same absolutely, and forever freed and discharged from all principal moneys, interest and costs secured by and from all claims and demands and the security on that account created under the hereinbefore recited Indenture of Mortgage and that said CD does hereby covenant with the said AB that he has not done, executed or suffered to the contrary any act, deed or thing whereby or reason or means whereof the mortgaged property or any part thereof may be affected or prejudiced in title or estate or he, the said CD, may be hindered or prevented from reconveying the same in the manner hereinbefore indicated.

The Schedule above referred to

In witness whereof the parties hereto have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by

AB the mortgagor in the presence of:

Signed, sealed and delivered by

CD the MORTGAGEE in the presence of:

Memo of Consideration

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