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Memorandum of Deposit of Title Deeds

Drawn as memorandum of deposit of title deeds · mortgagor and mortgagee bank

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MORTGAGOR

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Father's or husband's name*Printed after த/பெ. or க/பெ.

Address*

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MEMORANDUM OF DEPOSIT OF TITLE DEEDS

This Memorandum of Deposit of Title Deeds executed at Chennai on this 30th day of __________________________ by

Mr. ______________________________ aged ___ years, S/O ______________________________ and __________________________ D/O __________________________ aged ___ years, both are residing at ______________________________ (hereinafter called Mortgagor/Depositor which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to include his/her/their respective heirs, legal representatives, successors and assigns etc for creation of Equitable Mortgage by way of Deposit of the Title Deeds)

To and in favour of

__________________________ BANK LTD., a banking company, incorporated and registered under the companies act, __________________________ having its Registered Office at __________________________ ) __________________________ – __________________________ and a Branch Office, inter alia, at First Floor, __________________________ No: __________________________ __________________________ Chennai-__________________________ (hereinafter referred to as the Bank/Mortgagee which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns etc).

WHEREAS, the Mortgagor have/has been sanctioned a loan of Rs. __________________________ /-(Rupees __________________________ only) at Chennai by the Mortgagee/Bank.

WHEREAS, the Mortgagor has agreed that the repayment of the said loan of Rs. __________________________ /-(Rupees __________________________ only) shall be secured by an Equitable Mortgage by way Deposit of the Deeds of immovable property/ies belonging to him/her/them

WHEREAS, the Mortgagor has irrevocably agreed to create the security interest in favour of the Mortgagee/Bank as the __________________________ in accordance with the provisions of Section-58(f) of Transfer of Property Act, __________________________

WHEREAS, the Mortgagor is/are legally authorized to deposit the said Title Documents with an intent to create a mortgage on the said Immovable Property/ies.

NOW THIS MEMORANDUM OF DEPOSIT OF TITLE DEEDS __________________________ THAT

In consideration of sum of Rs. __________________________ /-(Rupees __________________________ only) advanced/to be advanced/agreed to be advanced by __________________________ Bank Ltd the Mortgagee as loan to MR. __________________________ P & __________________________ the Mortgagor, as security for due repayment of the said loan of Rs. __________________________ /-(Rupees __________________________ only)) together with interest that may become due and payable, the Mortgagor has/have this day deposited with the Mortgagee/Bank the Title Deeds more fully described in Schedule A relating to the property mentioned Schedule D herein under mentioned with an intent to create an Equitable Mortgage by way of Deposit of Title Deeds of the said property owned by the Mortgagor, including interest, commitment charges, cost charges and other monies and may become due and payable from time to time by them to the Mortgagee/Bank.

SCHEDULE “ A”

(List of the Original documents of title Deposited)

1. Sale Deed, Document No __________________________ Dated __________________________ in favor of MR. __________________________ P & __________________________

SCHEDULE B PROPERTY

(Extent of the land covered in __________________________ )

All that piece and parcel of land comprised and admeasuring an extent of __________________________ ( 3,53,637.__________________________ sq.ft i.e 8.12 acres) comprised in __________________________ (part), 119 (part), 120 (part), 134, 135, __________________________ (part), __________________________ (part) situated at __________________________ Village, __________________________ Taluk, Chennai District (Formerly within Tiruvallur District), __________________________ and situated within the Registration District of Chennai Central and Registration Sub-District of __________________________ : and bounded on the

North by: Land in __________________________ : __________________________ 15.2 mtr Wide Road and12 mtr Wide Road

South by: Lands in __________________________ : __________________________

East by: 12 mtr Wide Road

West by: Land in __________________________ : __________________________ 132 & 133.

and situated within the Registration District of Chennai Central and Registration Sub-District of __________________________

SCHEDULE C PROPERTY

(Extent of the land earmarked for Club House)

All that piece and parcel of proportionate land towards cluster __________________________ admeasuring an extent of __________________________ (__________________________ sqft) out of the total extent of __________________________ (__________________________ sq.ft i.e 1.01 acres) comprised in __________________________ (part), 144(part) and __________________________ (part) situated at __________________________ Village, __________________________ Taluk, Chennai District (formerly within Tiruvallur District), Tamil Nadu,

and bounded on the

North by : __________________________ Land in Survey No __________________________ and 12’ M wide Link Road,

South by : Land in Survey No __________________________ and __________________________

East by : 12’ M wide Link Road,

West by : __________________________ land in Survey No __________________________ & __________________________

and situated within the Registration District of Chennai Central and Registration Sub-District of __________________________

THE SCHEDULE ‘D’

PROPERTY TO BE __________________________

All that piece and parcel of 2+S Bedroom Apartment bearing __________________________ -__________________________ on the Fourth Floor in the ‘R’ Block in Cluster-__________________________ /CELESTE of the residential complex known as “__________________________ ”, having a carpet area of __________________________ and private balcony area of __________________________ and proportionate common area of __________________________ (which is inclusive of common areas) totaling to a super built up area of __________________________ with the right to usage of 1 car parking space with UDS of land __________________________ land toward cluster-2 admeasuring an extent of __________________________ (__________________________) out of the total extent of __________________________ (__________________________ i.e 1.01 __________________________ ), comprised in Survey No __________________________ (part), 144(part) and __________________________ (part), situated at __________________________ Village, __________________________ Taluk, Tiruvallur District.

And situated within the Sub-Registration District of __________________________ and Registration District of North Chennai.

IN WITNESS WHEREOF, the Parties hereto have set their respective hands on these presents in the presence of the following Witnesses.

WITNESSES:

__________________________ __________________________

MORTGAGOR — signature

MORTGAGEE BANK — signature

WITNESSES:

Name, address and signature