Deed of Redemption

DEED OF REDEMPTION

THIS DEED OF REDEMPTION IS EXECUTED ON THIS THE ______ DAY OF _________________, 2010 OF THE CHRISTIAN ERA.

BETWEEN

BANK 1 , a scheduled bank incorporated in Bangladesh under the Companies Act, 1994 and governed by the Bank Companies Act, 1991, carrying out its banking business having its Principal Office at Tea Board Bhaban (1st Floor), 111-113, Motijheel C/A, Dhaka-1000 along-with one of its branch Offices namely ‘BANK 1 ’, Tongi Branch, Mariom Tower (1st Floor), 13, Anarkoli Road, Tongi Bazar, Gazipur, represented by its authorized signatory Mr. Md. X , son of Md. Y, Designation: Banking Officer, authorized by the Bank through Authorization vide No. ________________ dated ______________, hereinafter referred to as the ‘MORTGAGEE BANK’ (which expression shall unless excluded by or repugnant to the context mean and include its successors-in-interest, legal representatives, administrators and assignees) of the FIRST PART.

AND Md. Z , son of late B & Most. A of permanent address: Village & Post Office-Korhati, Police Station- Louhojong, District- Munshigonj & present address: Village- Arichpur, Post Office- Monno Nagar, Police Station- Tongi, District- Gazipur, being the sole proprietor of M/s. K Bostro Bitan, a proprietorship concern, having its place of business at 11 No. Bhawal Biponi, Tongi Bazar, Tongi, Gazipur, hereinafter referred to as the ‘BORROWER-MORTGAGOR’ (which expression shall mean and include his legal heirs, successors-in-interest, legal representatives and assigns) of the SECOND PART. WHEREAS the BORROWER-MORTGAGOR created a legal mortgage on the scheduled property mentioned herein below in favour of the Mortgagee Bank by executing a Deed of Mortgage being numbered as 13446 dated 12.08.2009, registered within Tongi Sub-Registry Office, Dhaka, (hereinafter referred to as ‘Deed of Mortgage’) as security for repayment of loan of Tk.12,00,000.00 (Taka twelve lac) only availed by the BORROWER-MORTGAGOR i. e. Md. Z , son of late Bazlur Rahman & Most. Ayesha Begum. AND WHEREAS, upon further request of the Borrower-Mortgagor the Bank has renewal with enhancement of existing credit facilities, on conditions inter alia that the Borrower-Mortgagor shall create further mortgage on the scheduled property, for securing the entire loan facilities. Hence it has been expedient on the part of the Mortgagee Bank to release and discharged all its claims under the said deed of mortgage. Provided that forth with the redemption of the scheduled property the Borrower-Mortgagor at one-go shall create mortgage afresh in favour of the Mortgagee Bank for securing entire loan facilities. NOW THIS DEED WITNESSETH AS FOLLOWS: SCHEDULE OF THE PROPERTY REFERRED TO ABOVE All that piece and parcel of land measuring 6.60 (six point six zero) decimals, situated within District- Gazipur, Police Station & Sub-Registry Office, Tongi, J.L. No. 125 (Sabak.), 31 (Hal), Mouza- Kakil Sataish, being C.S. Khatian No. 65, S.A. Khatian No. 178 corresponding C.S. & S.A. Dag No. 452 & R.S. Khatian No. 117 corresponding Dag No. 686; butted & bounded by: On the North: Md. Maqsudul Islam. On the South: Most. Momtaz Begum. On the East: Land sold out by Ambia Khatun. On the West: Faruq Ahmed & others. along-with all structure & building constructed or to be constructed thereon; together with all common rights, title, interests, benefits, easement etc. attached to the scheduled property. IN WITNESSES WHEREOF, THE MORTGAGEE BANK EXECUTES THIS DEED OF REDEMPTION ON THE DAY, MONTH AND YEAR MENTIONED FIRST ABOVE. For and on behalf of: BANK 1 Tongi Branch, Gazipur. ___________________________ (Signature of the Mortgagee Bank) IN WITNESSES: 1. 2. Drafted by:

For: “The Lawyers & Jurists”
M.L.Hotel Tower Ltd,208,Shahid Syed Nazrul Islam Sarani,
Bijoy Nagar, Dhaka-1000.
www.lawyersnjurists.com

BEFORE THE SUB-REGISTRAR, TONGI, GAZIPUR

AFFIDAVIT

I, Md. X , son of Md. Y, Designation: Banking Officer, of ‘BANK 1 ’, Tongi Branch, Mariom Tower (1st Floor), 13, Anarkoli Road, Tongi Bazar, Gazipur, authorized by the Bank through Letter of Authorization vide No. ________________ dated ______________, do hereby solemnly affirm and state as follows: THE STATEMENT MADE ABOVE ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF IN WITNESS WHEREOF I SIGNED AND SWEAR THE AFFIDAVIT ON THIS THE _______ DAY OF ______________ 2010. ________________________ (Md………..) Deponent The deponent is known to me, identified by me and has signed in my presence. ________________________ Identifier

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.