Memorandum of Mortgage by Deposit of Title-deeds

Memorandum of Mortgage by Deposit of Title-deeds

(Short Form)

MEMORANDUM that this ……………. day of ……….., AB of, etc. (THE MORTGAGOR), as beneficial owner, has deposited with CD of etc. (THE MORTGAGEE), the original title-deeds comprised in the Schedule A hereto, relating to the premises belonging to the said AB and situate at ……… etc., described in Schedule B with intent to create security thereon for repayment to the said CD of the sum of Rs. …………… this day lent and advanced by the said  CD to the said AB on demand with interest for the same from this date at the rate of Rs. ………. per cent per annum.

The said AB does hereby undertake as and when required by the said CD to execute and register at the costs of the said AB a legal mortgage in such form and containing such covenants and provisions as he may reasonably require.

The Schedule A above-referred to

Description of the Title Deeds deposited

The Schedule B above-referred to

Description of the property

Signature of the MORTGAGOR

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