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    Vivekanand Varadarajan
    This memorandum documents the deposit of title deeds by a borrower with ICICI Bank as security for a loan facility. The borrower deposited the title deeds related to an immovable property with ICICI Bank to create an equitable mortgage under Section 58(f) of the Transfer of Property Act, 1882. Schedules A, B, and C provide details on the location the title deeds were deposited, a list of the deposited documents, and a description of the mortgaged property, respectively.

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    RMOE Format

    Uploaded by

    Vivekanand Varadarajan
    846 views2 pages
    This memorandum documents the deposit of title deeds by a borrower with ICICI Bank as security for a loan facility. The borrower deposited the title deeds related to an immovable property with ICICI Bank to create an equitable mortgage under Section 58(f) of the Transfer of Property Act, 1882. Schedules A, B, and C provide details on the location the title deeds were deposited, a list of the deposited documents, and a description of the mortgaged property, respectively.

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    This memorandum documents the deposit of title deeds by a borrower with ICICI Bank as security for a loan facility. The borrower deposited the title deeds related to an immovable property with ICICI Bank to create an equitable mortgage under Section 58(f) of the Transfer of Property Act, 1882. Schedules A, B, and C provide details on the location the title deeds were deposited, a list of the deposited documents, and a description of the mortgaged property, respectively.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    846 views2 pages

    RMOE Format

    Uploaded by

    Vivekanand Varadarajan
    This memorandum documents the deposit of title deeds by a borrower with ICICI Bank as security for a loan facility. The borrower deposited the title deeds related to an immovable property with ICICI Bank to create an equitable mortgage under Section 58(f) of the Transfer of Property Act, 1882. Schedules A, B, and C provide details on the location the title deeds were deposited, a list of the deposited documents, and a description of the mortgaged property, respectively.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 2

    MEMORANDUM OF DEPOSIT OF TITLE DEEDS

    This Memorandum of Deposit of Title deeds executed at _______ on this ____


    day of ________, 20__ by Mr./Mrs./M/s._______________________,
    S/O__________________,Address___________________________________________
    _______________________Whose PAN ________________________.

    (hereinafter called the “BORROWER”, which term shall wherever the context mean and
    include his /her heirs, executors, administrators, legal representative and permitted
    assigns)
    to and in favour of

    ICICI Bank Limited a public company incorporated under the Companies Act, 1956
    and a banking company within the meaning of the Banking Regulation Act, 1949, having
    its registered office at Landmark, Race Course Circle, Vadodara 390 007, corporate
    office at ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400 051 and having
    among others a branch office at ICICI Bank Ltd, Plot No.24, Arihant Building, South
    Phase, Block-I, Third floor, Ambattur Industrial Estate, Chennai-600058.
    (hereinafter called the ”LENDER” which term shall wherever the context admits, mean
    and include its successors and assigns)

    WHEREAS UPON request of the BORROWER, LENDER has sanctioned a Facility of


    ____________ more particularly described in Clause 2 of Schedule A hereunder to the
    BORROWER (hereinafter referred to as “the Facility”) on condition that the Facility
    shall be secured, inter-alia, by way of equitable mortgage by deposit of title deeds more
    particularly described in Schedule B hereunder (“Title Deeds”) in respect of the
    BORROWERS immoveable property more particularly described in Schedule C
    hereunder (“Immoveable Property”) for the due repayment, discharge and redemption by
    the BORROWER of the Facility together with all interest, liquidated damages, premia
    on prepayment , costs, charges, expenses and other monies payable to the LENDER.

    NOW THIS MEMORANDUM OF DEPOSIT OF TITLE DEEDS WITNESSTH


    that in consideration of the said Facility, the BORROWER has deposited the Title Deeds
    on ________________ at ________ in respect of the Immoveable Property with the
    LENDER, to create mortgage by deposit of title deeds in accordance with the provisions
    of Section 58(f) of the Transfer of Property Act, 1882 in favour of the LENDER for due
    repayment and discharge of the said Facility.

    The BORROWER further states that the said Title Deeds so deposited are the only
    documents of title relating the said Immovable Property in the possession, power and
    control of the BORROWER and that the BORROWER has clear and marketable title to
    the said Immovable Property.
    1
    Mr./Mrs./M/s. ______________ further states that he/she was authorizes to create
    equitable mortgage by deposit of title deeds as aforesaid pursuant to the resolution
    passed on ___ day of ______, 20__ and he/she has furnished a certified copy of the said
    resolutions to the Lender and stated that the said resolutions were in full force and effect.
    1
    Delete if not applicable
    Schedule A

    1. Address of the place where title deeds are deposited:

    ICICI Bank Ltd,


    Plot No.24, Arihant Building,
    South Phase, Block-I,
    III rd floor, Ambattur Industrial Estate,
    Chennai-600058.

    2.
    Nature of Facility Amount of secured Ranking of charge
    facility (Rs. In Lacs) Exclusive/First/Second/Third/
    Residuary
    First & Exclusive Charge

    Schedule B

    (List of Documents of Title, Evidences,Deeds and writings deposited)


    Sl No Date of document Description of Original/Certified
    document copy/photocopy

    Schedule C

    (Description of the Property)

    together with all the buildings and structures thereon, rights, fixtures, fittings and all plant
    and machinery attached to the earth or permanently fastened to anything attached to the
    earth, both present and future.

    In witness whereof the BORROWER has set his hand and signature on the day month
    and year first above written in the presence of: -

    WITNESS BORROWER

    Dated this ______ day of _____ 2014

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