Annexure II

ANNEXURE II
MORTGAGE DEED
This Deed of Mortgage is made at on this day

of_____________ 20 _______ between ____________________________________
______________________________________________________________ -__________
(Full
description of the borrower/s), hereinafter called ‘the Mortgagor/s’ (which expression shall include his/her/their
heirs executors, administrators, and assigns) of the one part and Madhya Bihar Gramin Bank Regional Rural Bank
Act Act, 1976, having its Head Office at Meena Plaza, South of Museum, Patna-800001 and among others, a
Branch Office at hereinafter called ‘the mortgagee’ (which expression shall include its successor
and assigns) of the other part.
WHEREAS the Mortgagor/s is/are the absolute owner in possession of the properties fully described in the
schedule hereunder; and WHEREAS the mortgagee has advanced/agreed to
advance a sum of Rs. (Rupees
) by way of housing loan upon securing the repayment thereof
together with interest, cost and other charges in the manner as hereinafter appearing.
NOW THIS DEED OF MORTGAGE WITNESSETH AS FOLLOWS:
That in consideration of the sum of Rs.____________________

(Rupees__________ ) advanced/agreed to be advanced by the Mortgagee to the
Mortgagor/s as per the loaning documents executed in Mortgagee’s favour, the Mortgagor/s,
hereby mortgage/s unto the Mortgagee the said property by way of simple mortgage to secure the repayment of
the principal amount aforesaid together with interest, charges and all other expenses due to the Mortgagee payable
as per the terms and conditions contained in the agreement of housing loan and documents executed by the
Mortgagor/s.
That the Mortgagor/s agree/s to keep fully insured for its full market value in the name of the Mortgagor/s and the
Mortgagee with agreed Bank clause, the said property against damage and loss or destruction by fire, civil-
commotion, riots, floods, earthquake and any other insurable risk and keep up such insurance until the amount
due under this deed is paid in full to the mortgagee . The cost of insurance will be borne by the Mortgagor/s. In
case the Mortgagor/s fail/s at any time to insure and pay the necessary premium, the Mortgagee may but it will
not be bound to, insure and debit the cost of the premium to the Mortgagor’s account. The amount of premium as
paid will form part of the principal amount and will carry interest at the rate applicable in respect of amount
advanced.
That the Mortgagor/s shall also continue to pay all rates and taxes accruing due in respect of the said property
under any law or rule for the time being in force.
That the Mortgagor/s covenant/s that the property is free from all encumbrances and that the Mortgagor/s is/are
entitled to mortgage the same unto the Mortgage.
That the Mortgagor/s shall not lease out or part with possession of the property or create any
further charge, mortgage on the same in favour of any person without prior consent of the Mortgagee in
writing.
That in case of the default/breach of any of the terms and conditions contained in this Deed or in the
Loaning Documents executed by the Mortgagor/s, the Mortgagee shall have the option and the right to
realize all its due outstanding in the account and cause the mortgaged property to be sold with all its
accretions, without being bound to proceed against other securities or sureties, if any held by the
Mortgagee.
That on payment of all the dues of the said mortgagee under these presents, the mortgagee shall be bound to
recovery the said property free from all encumbrances to the Mortgagor/s and execute deed of
discharge/transfer and every other writing in favour of the Mortgagor/s at its expense necessary for this
purpose.
In witness whereof the Mortgagor/s and the Mortgagee have set their hands on the day, month and the year
hereinabove first written.
SCHEDULE
(Description of the property hereby mortgaged)
All that Plot No. situated at
(full address
of the house/flat/plot of land) ensuring and so
also the construction and superstructure to be built thereon together with all rights of easements of all kinds
appertinent thereto and bounded as given below;
North
South
East
West
WITNESSES: MORTGAGOR/S
1.
2. MORTGAGEE

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ANNEXURE II

This Deed of Mortgage is made at on this day

NOW THIS DEED OF MORTGAGE WITNESSETH AS FOLLOWS:

That in consideration of the sum of Rs.____________________

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