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  • DEED OF SECOND MORTGAGE

    DEED OF SECOND MORTGAGE  I am ……………………………………………….,, aged about _________ years, Son of Sri ______________________, Resident of ______________________  WHEREAS I am absolute owner in possession of the ……………………………………………. built house, situate in _________ and numbered _________ on the _________ Road, city _________, more specifically described and detailed in the First Schedule hereto, the same having been purchased by me from my own monies from Sri ___________________ under a duly executed deed, dated _________and registered on __________________________ at the Sub-Registry Office of _____________________;  AND WHEREAS I have already borrowed on the security of the said dwelling house a sum of Rs _________ and executed a simple mortgage deed, dated _________, in favour of Sri _________, resident of __________________________, registered as document No___________ . in Book _________, Volume _________, on pages _________, with the Sub-Registrar of _________on _________; AND WHEREAS I am in need of further money and Sri ______________, aged about _________years, son of Sri _________________________, Resident of __________________________, is on my request willing to advance to me a sum of Rupees _________(Rs _________) only on the security of the said house.  NOW THEREFORE THIS DEED OF SECOND MORTGAGE WITNESSES as under:  1. That in consideration of the sum of Rupees _________ (Rs _______________________________) only received by me in the manner detailed in the Second Schedule hereto, which said sum of Rupees _________ (Rs _______________________________________________) only I hereby acknowledge having received in full, I hereby promise and agree to repay with interest at the rate of _________ per cent per annum with six monthly rests within a period of _________ years from the execution of this deed. 2. That by way of security for the due performance of the above covenant to repay I hereby transfer by way of second simple mortgage my said ………………………… built dwelling house situate in _________ and numbered _________ on the _________ Road in the city of _________, more specifically described and detailed in the First Schedule hereto.  3. That all interest will be cleared every six months and all payments made by me will be first credited towards interest due and thereafter applied towards satisfaction of the principal. 4. That on failure by me or my heirs, successors or assigns to fulfil any one or more of the terms herein stipulated the said Sri ___________________________, his heir ____________________, successors and assigns shall have the option at his or their discretions, (failure to exercise such option being expressly understood not to mean any waiver whatsoever) to claim the full amount, capital and all interest then due and to recover the same, together with all costs from the property or the person of me, my heirs, successors and assigns.  5. That I, on behalf of myself, my heirs, successors and assigns further promise and agree to keep the said dwelling house, hereby transferred free from all further encumbrances, charges and liens, to pay all taxes, to make and conduct all repairs and to generally keep the same in good and tenantable condition. IN WITNESS whereof I, the said ………………….., have hereunto at ________ before the witnesses present signed and executed this deed on this the _________day of _________in the year _________ Witnesses: Sd. ………………………….  Mortgagor. FIRST SCHEDULE  (Detailed Description of Property)  Download Word Document In English. (Rs.15/-) Download PDF Document In Marathi. (Rs.15/-)

  • Deed of Mortgage by Conditional Sale

    Deed of Mortgage by Conditional Sale This Deed Of Sale made is at... this ... day of... between Mr. A residing at ... hereinafter referred to as the Vendor, of the One Part, and Mr. B residing at ... hereinafter referred to as the Purchaser of the Other Part. Whereas the Vendor is seized and possessed of or otherwise well or sufficiently entitled to the land and premises situate at ... and more particularly described in the Schedule hereunder written. And Whereas the Vendor Is In need of money and has requested the Purchaser to advance to him a sum of Rs. ... which the Purchaser has agreed to do on the Vendor agreeing to execute this deed of sale in favour of the Purchaser in respect of the said property in the manner following. Now This Deed Witnesseth That 1.     Pursuant to the said agreement and In consideration of the said sum of Rs ....... paid by the Purchaser to the Vendor on the execution of these presents (receipt whereof the Vendor doth hereby admit) He the Vendor doth hereby grant and convey unto the Purchaser all the said piece of land with building thereon and situate at ..... and more particularly described in the Schedule hereunder written together with all and singular all the things permanently attached thereto or standing thereon and all the liberties, easements, profits, privilege. rights. members and appurtenances whatsoever to the said piece of land and premises belonging or in anywise appertaining to or with the same or any part thereof and now or at any time hereafter usually held, used, occupied or enjoyed or reputed as part or member thereof or be appurtenant thereto And all the estate, right, title. claim and demand of the Vendor into and upon the said land and other the premises hereby granted TO HOLD the same unto and to the use of Purchaser subject to what Is hereafter provided and subject to the payment of rates, taxes. assessments, dues and duties now chargeable upon the same or which may hereafter become payable in respect thereof to the Government or the Municipal Corporation or any other local authority. 2.     And it is hereby agreed and declared that if the Vendor shall. at any time hereafter repay to the Purchaser the said sum of Rs ..... within a period of .. . years that is on or before the ...... day of ...... the grant and transfer of the said property as hereinbefore provided shall become void and In that event the Purchaser shall retransfer the said property to the Vendor or his heirs. executors, administrators or assigns by executing a document of re-sale. 3.     Provided however and it is agreed that, if the Vendor or his heirs. executors, administrators or assign shall fall to repay the said amount of Rs. ... within the said period then the grant and transfer of the said property to the Purchaser hereby made shall become absolute in favour, of the Purchaser his heirs, executors, administrators or assigns. 4.     And the Vendor doth hereby covenants with the Purchaser that – a.     The Vendor has good right and full power to grant the said land and building hereby granted or expressed so to be and every part thereof unto and to the use of the Purchaser in manner aforesaid. b.    That the Purchaser shall quietly possess and enjoy the said property and receive the rents, Income and profits thereof without any lawful interruption or disturbance whatsoever by the Vendor or any person or persons lawfully claiming under from or through him and shall be at liberty to pay thereout the Govt. revenue and all other charges of a public nature and all rents if any accruing due in respect of the said premises during such possession and any arrears of rent in default of payment of which the said land and premises may be summarily sold and all expenses incurred for the management of the said premises and the collection of rents. Income, profits and all other outgoing including costs of repairs of the said premises. c.     That the said premises are free and clear and freely and clearly and forever released and discharged or otherwise by the Vendor well and sufficiently saved, kept harmless and indemnified of and from and against all previous and other estates, title, charges and encumbrances whatsoever had made. executed or suffered by the Vendor or any other person lawfully claiming under him. d.    That the Vendor and all persons claiming any estate or Interest In the said premises under him, shall and will from time to time and at all times hereafter upon the request of the Purchaser and at the costs of the Vendor do and execute or cause to be done or executed, all such acts, deeds and things whatsoever for further and more perfectly assuring all or any of the said premises unto and to the use of the Put-chaser in such manner aforesaid as shall or may be reasonably required by the Purchaser. IN WITNESS WHEREOF the Vendor has put his hand the day and year first hereinabove written. THE SCHEDULE ABOVE REFERRED TO Signed and delivered by the withinnamed Vendor Mr. in the presence of ... 1. 2. Download Word Document In English. (Rs.10/-)

  • Deed Creating Charge on the Property

    Deed Creating Charge on the Property This Deed made at ....................... on this ....................... day of ...................., 2000, Between A, son of ..................... B, son of ....................... and C, son of ....................... all residents of .............................., hereinafter collectively referred to as 'the Party of the "First Part" of the ONE PART and Smt. X, wife of ................ resident of ....................... and Smt. Y, wife of ..................... resident of ..................... hereinafter collectively referred to as "The Party of the Second Part" of the OTHER PART. Whereas A, B, C constitute joint Hindu family governed by Mitakshara law and the said joint Hindu family owned properties and assets: And Whereas the said A, B, C as members of joint Hindu family, partitioned the properties and assets of joint Hindu family between them vide Partition deed dated ................... which was registered with Sub- Registrar ..................... on ..................... at No. .....................; And Whereas Smt. X and Smt. Y are the mother of Shri A, B and widow of D predeceased coparcener of the family and it was agreed between the parties of the first part that Smt. X and Smt. Y each will be entitled to a sum of Rs. 1,000 per month as maintenance allowance during their life time from the income of the assets and properties of joint Hindu family and the party of the first Part will pay the said amount to Smt. X and Smt. Y by tenth day of every month and it was also agreed that the said payment would be charged on the properties and assets of the Party of the First Part, being the land and premises situate at ......... and more particularly described in the Schedule hereinunder written, hereinafter referred to as the said premises. NOW THIS DEED WITNESSETH THAT the payment of the sum of Rs. 1,000 per month by the Party of the First Part to Smt. X and Smt. Y, each by way of maintenance, during their lifetime payable by the Party of the First Part to the Party of the Second Part shall be a charge on the said premises and the Party of the First Part hereby charges the said premises with the payment of the said liability to pay maintenance to the Party of the Second Part. And it is agreed between the parties that in the event of failure of the party of the First Part to pay the monthly payment on due dates, the Party of the Second Part will be entitled to enforce the charge by selling the said premises through the Court and to recover and receive the amount due out of the sale proceeds thereof. IN WITNESS WHEREOF, the Party of the First Part have put their hands the day and year first hereinabove written. The Schedule above referred to Signed and delivered by the within named A, B and C WITNESSES; 1. 2. Download Word Document In English. (Rs.5/-)

  • Simple Mortgage Deed in the Form of a Deed Poll

    Simple Mortgage Deed in the Form of a Deed Poll I, X ................ son of ...................... resident of ................... has borrowed a sum of Rs. ............. (Rupees ...............................) from Y, son of ...................... resident of and 1 hereby promise to pay Rs. ................ with interest at the rate of .......... % per annum on ........... hereinafter called the due date. And as a collateral security and for the consideration aforesaid, I hereby transfer by way of simple mortgage all that property described in the Schedule hereto hereinafter referred to as the said property with the intent that in case default is made in payment of the mortgage money on the due date, the said Y shall be entitled to sell the said property and realise and receive the whole or the balance or any sum payable from me under these presents. And I, X assure and covenant with Y that 1 am seized of or otherwise well and sufficiency entitled to the said properly and there is no encumbrance or charge thereon. IN WITNESS WHEREOF, the mortgagor has put his hand on this ................ day of ............ 2000. The schedule above referred to MORTGAGOR WITNESSES; 1 2 . Download Word Document In English. (Rs.5/-)

  • Simple Mortgage by Manager of Joint Hindu Family for Legal Necessity

    Simple Mortgage by Manager of Joint Hindu Family for Legal Necessity This Mortgage is made at .................. on the ....................... day of .................. 19 ...... between X etc., Y etc., Z etc. and A etc. acting through X, the manager of joint Hindu family, hereinafter called the mortgagors, of the ONE PART and B, son of ................... resident of ...................... hereinafter called the mortgagee of the other part. Whereas the said X, Y, Z and A form a joint Hindu family governed by the Mitakshara school of Hindu law and A is the manager or karta of the said joint Hindu family. And Whereas X, Y and Z are the major sons of A; And Whereas the property bearing No. .......... situated at, ................................................. within the Registration District and Sub Registrar of .................. hereinafter called the said property, is owned by the said joint Hindu family; And Whereas the joint Hindu family carries on the business of .................................... at .................. under the name and style of M/s. ..................................... And Whereas the mortgagors are in need of Rs. .................. for purposes of their business, marriage of daughter of Shri X, and repairing of the joint Hindu family properties, which they are not able to arrange and therefore the mortgagors requested the mortgagee to lend Rs. .................. for the aforesaid purposes; And Whereas the mortgagee after satisfying about the title of the said property and bona fide requirement of the loan amount for a legal necessity, has agreed to lend the said sum at the interest of ............... per cent per annum on the mortgagors securing the repayment of the same by mortgage of the said property. NOW THIS DEED WITNESSETH that in pursuance of the said agreement and in consideration of the sum of Rs. .................. at or before the execution of these presents paid to the mortgagors by the mortgagee (the receipt whereof the mortgagors do hereby admit and acknowledge), hereinafter called the mortgage amount, the mortgagors covenant with the mortgagee that they will pay to the mortgagee on the .................. day of .................. (hereinafter called the due date) the said sum of Rs. .................. with interest for the same in the meantime at the rate of .................. % per annum from the date of these presents by quarterly payments, first of such payments shall be made on the .................. day .................. now and the subsequent payment shall be made at the expiration of three months thereafter, so long as the said sum of Rs. .................. or any part thereof shall remain unpaid to the mortgagee, interest for the same at the rate mentioned above. And the mortgagors further covenant with the mortgagee that if any installment of interest is not paid on the due date, the mortgagors will be liable to pay interest on the said installment in default at the same rate as aforesaid from the date of default until payment of such installment as and by way of compound interest provided that the payment of compound interest will not prejudice or affect the mortgagee's rights or remedies vested in him by law or by this deed. And it is also agreed that in the event of the mortgagors committing default in payment of any four installments of interest or in payment of the principal and interest on the due date or committing breach of any other term of these presents, the whole amount of principal then due with interest thereon, will at the option of the mortgagee become payable forthwith as if the said due date has expired. AND THIS DEED FURTHER WITNESSETH that in consideration aforesaid, the mortgagors hereby transfer by way of simple mortgage to the mortgagee the said property described in the Schedule hereunder written belonging to the mortgagors with the intent that the said property shall remain and to be charged as security for the payment to the mortgagee of the said mortgage money, interest and costs payable under these presents. 2.     The mortgagors hereby covenant with the mortgagee as follows: a.     That the mortgagors are absolutely seized and possessed of or otherwise well and sufficiently entitled to the said property and the said property is free from encumbrances. b.    That during the pendency hereby created and until repayment of mortgage amount, the mortgagors will get insured and keep insured the said properly against loss and damages due to fire and other accident for a sum of Rs. .................. with .................. Insurance Co. Ltd., .................. Bombay in the joint names of mortgagors and mortgagee and shall hand over the insurance policy to the mortgagee. c.     That in the event of the mortgagors failing to pay the said mortgage amount, interest and cost when the same shall become due and payable under these presents, the mortgagee will be entitled to have the said property sold through the court having jurisdiction and to realise and receive the said mortgage amount, interest and cost out of the net sale proceeds of the said property. 3.     Provided always that it is hereby agreed between the parties that if the mortgagors pay to the mortgagee the sum of Rs. .................. with interest on the due date, then the mortgagee shall upon the request and at the costs, expenses and charges of the mortgagors, reconvey the said property hereby granted or expressed so to be unto and to the use of the mortgagors or as they direct. 4.     It is hereby declared that for the purposes of these presents, the expressions "mortgagors" and "mortgagee" shall include their or his legal heirs, administrators, executors or assigns. IN WITNESS WHEREOF the parties hereto have hereunto put their signatures, the day and year first above written. The Schedule above referred to Signed and delivered by X, Y, Z and A, the within named mortgagors Signed and delivered by B, the within named mortgagee WITNESSES 1 . 2 . Download Word Document In English. (Rs.20/-)

  • Simple Mortgage Deed

    Simple Mortgage Deed This Deed of Mortgage made at ...................... this ................ day of ................... Between X, son of ............................... resident of ............................ hereinafter called as a mortgagor of the ONE PART and Y, son of ...................... resident of .................. hereinafter called as a mortgagee of the OTHER PART. Whereas the mortgagor is absolutely seized and possessed of or otherwise well and sufficiently entitled to the house bearing municipal no................ situated on ........................ Road, ....................... more particularly described in the Schedule hereunder written; And Whereas the mortgagor has requested the mortgagee to lend him a sum of Rs. ........................ which the mortgagee has agreed on the mortgagor mortgaging his property. Now This Deed Witnesseth That in pursuance to the said agreement and in consideration of the sum of Rs. .................. at or before the execution of these presents paid by the mortgagee to the mortgagor (the receipt whereof, the mortgagor doth hereby admit and acknowledge and of and from the same hereby release and discharge the mortgagee), the mortgagor hereby covenants with the mortgagee that he will pay on the ..................... day of ................. (hereinafter called "the said date"), the said sum of Rs. ................. with interest @ ........ % per annum from the date of these presents till the repayment of the said sum in full, every quarter the first installment of interest to be paid on the ................... day of .......... 2000 and each subsequent installment on the ................ day of July, October, January and April of each succeeding year until the said sum is repaid in full. And This Deed Further Witnesseth That In consideration aforesaid, the mortgagor doth hereby transfer by way of mortgage his house bearing municipal no ................. situated on .............. Road . ...................... and more particularly described in the Schedule hereunder written as a security for repayment of the said sum with interest @ ................ per annum with the condition that the mortgagor, his heirs, executors, administrators or assigns shall on the said the pay to the mortgagee, his heirs, executors, administrators or assigns the said sum of Rs .............. together with interest thereon at the rate mentioned above, the said mortgagee, his heirs, executors, administrators, or assigns shall at any time thereafter upon the request and at the cost of the mortgagor, his heirs, executors, administrators or assigns reconvey the said house, hereinbefore expressed to be mortgaged unto or to the use of the mortgagor, his heirs, executors, administrators or assigns or as he or they shall direct. And It Is Hereby Agreed And Declared that if the mortgagor does not pay the said mortgage amount with interest when shall become due and payable under these presents, the mortgagee shall be entitled to sell the said house through any competent court and to realise and receive the said mortgage amount and interest, out of the sale proceeds of the house. And It Is Further Agreed And Declared by the mortgagor that during the period, the mortgage amount is not paid and the said house remains as a security for the mortgage amount, the mortgagor shall insure the said house and take out an insurance policy in the joint names of the mortgagor and mortgagee and continue the said policy in full force and effect by paying premium and in case of default by the mortgagor to insure or to keep the insurance policy in full force and effect, the mortgagee can insure the said house and the premium paid by the mortgagee will be added to the mortgage amount, if not paid by the mortgagor on demand. And It Is Further Agreed That the mortgagor can grant lease of the said house with the consent of the mortgagee in writing. And It Is Further Agreed by the Mortgagor that he shall bear stamp duty, registration charges and other out of pocket expenses for the execution and registration of this deed and reconveyance deed but however each party will bear cost and professional charges of his Solicitor/Advocate. IN WITNESS WHEREOF the parties have put their hands the day and year first hereunder written. The Schedule above referred to Signed and delivered by X the within named mortgagor Signed and delivered by Y the within named mortgagee WITNESSES; 1. 2 Download Word Document In English. (Rs.15/-)

  • Agreement to Mortgage

    Agreement to Mortgage Agreement is made at ____ this ________ day of ______ between Mr. A residing at __________ hereinafter referred to as the ‘Mortgagor’ of the One Part and M/s AB & Co. a partnership firm consisting of (1) ___ (2) ___ (3) ___ as partners carrying on business at ______ hereinafter referred to as the ‘Mortgagees’ of the Other Part ; Whereas – 1.     The Mortgagor owns an immovable property consisting of a plot of land with a building thereon and situated at ______ and which is more particularly described in the Schedule hereunder written. 2.     The Mortgagor is in need of money for paying certain business debts and liabilities and has, therefore, approached the Mortgagees to advance to him a loan of Rs. ____ which the Mortgagees have agreed to do on the following terms and conditions : Now It Is Agreed Between The Parties Hereto As Follows : 1.     The Mortgagees agree to lend to the Mortgagor and the Mortgagor agrees to borrow from the Mortgagees a sum of Rs. ______. The Mortgagor agrees that he will pay interest on the said sum at the rate of ____ percent per annum from the date of advance till repayment thereof by the Mortgagor to the Mortgagees. 2.     The interest at the rate aforesaid will be paid every three months that is with quarterly rests and in the event of default in paying interest as aforesaid the Mortgagees will be entitled to charge interest on the amount of interest in arrears by way of compound interest at the same rate as aforesaid so that the interest in arrears will be capitalised by way of compound interest carrying interest thereon as aforesaid. This, however, will be without prejudice to the right of the Mortgagees to take action for recovery of the mortgage debt and the interest in arrears by any process of law available to them, in the event of default in payment of interest every quarter as aforesaid. 3.     The said principal amount will be repayable with interest as aforesaid within ___ years from the date of advance. 4.     The repayment of the said amount of principal and interest and all costs, charges and expenses becoming payable by the Mortgagor will be secured by a first mortgage of the said property described in the Schedule hereunder written. 5.     The said principal sum of Rs. ___ will be advanced and paid by the Mortgagees to the Mortgagor on the execution of the Deed of Mortgage by the Mortgagor in favour of the Mortgagees. 6.     The Deed of Mortgage will be in the form of English mortgage and will contain all the covenants, powers, provisions, terms and conditions as are usually contained in such deed and as will be advised to be incorporated by the Mortgagees’ Advocate. 7.     The Mortgagor will make out a clear and marketable title to the said property, free from encumbrances and claims and the Mortgagor shall produce to the Mortgagees’ Advocate for inspection all the title deeds in his possession or power. 8.     Within eight days from the date hereof the Mortgagor shall produce to the Mortgagees’ Advocate for inspection all the title deeds in his possession or power. 9.     If any other person or persons is found interested in the said property, the Mortgagor will either obtain the release of such interest by a proper deed of release or will procure his signature to the Deed of Mortgage as a Mortgagor the intention being that the loan will be advanced on the security of the said property as a whole and not on any interest therein. 10.  The transaction of mortgage will be completed within a period of three months from the date hereof. If the transaction is not so completed then, without prejudice to the right of the Mortgagees to terminate this agreement, the Mortgagees will be entitled to charge interest at the rate aforesaid on the said amount of principal from the expiration of the said period till the execution of the Deed of Mortgage and the same will be deducted from the principal amount, unless it is separately paid by the Mortgagor. 11.  The Mortgagor will also execute any other documents, by way of declaration or otherwise as will be required by the Mortgagees’ Advocate to safeguard the interest of the Mortgagees. 12.  The Mortgagor declares that the said property is not subject to any reservation or acquisition or any litigation and no notice for heavy structural repairs, or acquisition or requisition or reservation has been received by him. 13.  If the title is not made out marketable as aforesaid or the Mortgagor fails to complete the transaction by execution of the Deed of Mortgage and any other documents as aforesaid within the said period or any further period extended by the Mortgagees, or commits breach of any term of this agreement, the Mortgagees will be entitled to cancel this agreement by fifteen days prior notice to the Mortgagor or his Advocate. 14.  In the event of termination of this agreement as aforesaid or on completion of the mortgage transaction all the costs, charges and expenses incurred by the mortgagees of an incidental to this agreement will be payable by the Mortgagor alone. As a security for such payment the Mortgagor shall deposit with the Mortgagees’ Advocate a sum of Rs. _____ on the execution of this agreement. All Stamp duty and registration charges of the Deed of Mortgage and other documents if any, will be paid by the Mortgagor alone. 15.  Before execution of the Deed of Mortgage the Mortgagor and all other persons executing the Deed will obtain their respective Income Tax Certificates under section 230A of the Income Tax Act if it is required to be obtained for registration of the Deed. IN WITNESS WHEREOF the Parties have put their hands the day and year first hereinabove written. The Schedule above referred to Signed and delivered by the withinnamed Mortgagor Mr. in the presence of ___ Signed and delivered for and on behalf of the withinnamed Mortgagees M/s AB & Co. by their authorised partner Mr. _____ in the presence of Download Word Document In English. (Rs.10/-)

  • RECORD OF MORTGAGE BY DEPOSIT OF TITLE DEEDS

    RECORD OF MORTGAGE BY DEPOSIT OF TITLE DEEDS TO... (Name of Mortgagee) (Address) Sir, I have to record that I have this day deposited with you the title-deeds (as per List hereto attached) relating to my immovable property situate at ... and consisting of land admeasuring about ... Sq.Metres and bearing S.No. ... with a building thereon being Municipal No. ... with intent to create a security thereof for repayment of the loan of Rs. ... lent and advanced by you to me, this day. with interest ..... p. c. per annum. Dated this ... day of ... Yours faithfully, (Mortgagor) Download Word Document In English. (Rs.5/-) Download PDF Document In Hindi. (Rs.5/-)

  • AGREEMENT REDUCING THE RATE OF INTEREST IN MORTGAGE DEED

    AGREEMENT REDUCING THE RATE OF INTEREST IN MORTGAGE DEED An Agreement made at……………..between A, son of.....................resident of ………hereinafter called the Mortgagor of the ONE PART and B, son of…… ……..resident of…… hereinafter called the Mortgagee of the OTHER PART. WHEREAS by an Indenture of Mortgage dated the day of……………..20…………….. and made between the Mortgagor of the One Part and the Mortgagee of the Other Part and registered with the Sub Registrar of Assurances at…………….. under No ………of............... 20……………..on……………..day of……………..20…………….. hereinafter referred to as the, principal deed, the Mortgagor mortgaged the property therein specified to secure a loan of Rs ……………..with the interest at the rate of 15% per annum; AND WHEREAS the Mortgagor has covenanted in the principal deed that he shall pay the mortgage debt within a period of……………..years; AND WHEREAS the Mortgagor has requested the Mortgagee to reduce the rate of interest and extend the time of payment, which the Mortgagee has agreed. NOW THESE PRESENTS WITNESS THAT the parties hereto hereby agree as follows (1) The interest payable on the mortgage debt under the principal deed shall be reduced from 15% p.a. to 10% p.a. with effect from and the interest shall be compounded yearly instead of quarterly as provided in the principal deed. (2) The period for repayment of the mortgage debt will be extended for a further period of 2 years and now the mortgage debt shall be payable on instead of (3) All other terms and conditions of the principal deed shall remain in full force and effect. IN WITNESS WHEREOF the parties have hereunto set and subscribed their respective hands the day and year first hereinabove written. WITNESSES 1 Signed and delivered by the withinnamed Mortgagor A 2. Signed and delivered by the withinnamed Mortgagee B Download Word Document In English. (Rs.5/-) Download PDF Document In Hindi. (Rs.5/-)

  • Declaration in Support of Equitable Mortgage

    Declaration in Support of Equitable Mortgage IN THE MATTER OF MORTGAGE BY DEPOSIT OF TITLE DEEDS IN RESPECT OF IMMOVABLE PROPERTY M/S. A B C Limited TO __________________________________ I, __________________________, Indian Inhabitant, at present residing at ______________________________ do hereby solemnly declare and state as follows: 1. I am the Director of M/S. ABC Limited, a Company within the meaning of the Companies Act 1956 having its registered office at ___________________________________________________ (hereinafter called “the Borrower”) and duly authorised by the Board of Directors of the Borrower to make this declaration for and on behalf of the Borrower. 2. The Borrower is the Owner of and well and sufficiently seized and possessed of the immovable property described in the First Schedule hereunder written (hereinafter referred to as “the said immovable property”). 3. In terms of the loan documents, the ___________________ (hereinafter called “the Bank”) has allowed the Borrower various credit facilities by granting all or some or any of the credit facilities by way of Overdraft, Demand Loans, Loans, Cash Credits, Term Loans, pre-shipment and post-shipment credits, opening of letters of credit, issuing of guarantees, Negotiation and discounting of bills and cheques, inland as well as foreign and such other facilities as from time to time required by the Borrower for amounts not exceeding the principal sum of Rs. ________________/- (Rupees _____________________________ only) on the terms and conditions specified therein. 4. One of the conditions of the grant of the aforesaid credit facilities is that the repayment of the said principal sum of Rs. ____________________/- (Rupees ________________only) and all accruing interest, discount, commission, charges and all kind of costs and expenses payable to or incurred by the Bank in relation thereto along with all other further dues, cost, expenses etc. shall stand secured by creation of equitable mortgage of the said immovable property in favour of the Bank. 5. By its Board Resolution passed at its meeting held on _________ day of __________200____, by the Board of Directors of the Borrower, Shri ______________________, the Director of the Borrower companies is authorised to create the said security by way of equitable mortgage of the said immovable property and to deposit the said title deeds with the Bank. 6. The Borrower has accordingly with intent to carry out its said obligation and to creating the said security of the said immoveable property described in the First Schedule hereunder written deposited with the Bank the said title deeds more particularly described in the Second Schedule hereunder written with the intention that the said property would remain as security for such repayment. 7. That the said deposit of the title deeds by the said Shri _____________________________ was made on behalf of the Borrower with intent to create a mortgage by deposit of title deeds of the said premises in favour of the Bank as security to secure repayment of all monies including interest, costs, charges and expenses due or becoming due and payable by the Borrower to the Bank under or in respect of all or some or any of the facilities either in Indian or foreign currencies granted and/or agreed to be granted to the Borrower and for any other indebtedness and liabilities, past, present and future of the Borrower to the Bank. 8. That the documents of title now deposited with the Bank were the only documents of title in possession of the Borrower in respect of the said premises of the Borrower and that the Borrower is the absolute owner of the said property and that the Borrower has marketable title thereto. 9. That there is no mortgage, charge, lien or any other encumbrance or attachment on the said immovable property or any part thereof by any Government or local authority or by Income Tax Department and that no notice has been issued and/or served on the Borrower under the Rules 2, 16 or 51 or any other Rules of the Second Schedule to the Income Tax Act, 1961, or under any other law. 10. That the Borrower has not entered into any agreement for sale, transfer or alienation thereof or any part or parts thereof and that no encumbrance hereafter will be created by the Borrower except with the express prior permission in writing of the Bank so long as the Borrower continues to be indebted to or remain liable to the Bank on any account. 11. Shri _______________________ on behalf of the Borrower also acknowledges that the maximum amount intended to be secured by the said mortgage created as aforesaid was for the purpose of Section 79 of the Transfer of Property Act, 1882 and for no other purpose and without affecting the Borrower’s full liability to the Bank under the said mortgage for all subsisting liabilities together with interest and all costs, charges and expenses thereof. 12. That the Borrower has passed the requisite Resolution under Section 293(1)(9) of the Companies Act, 1956 for creating security in favour of the Bank as aforesaid. 13. The Borrower has duly paid all rents, royalties and all public demands, including Provident Fund dues, gratuity dues, Employees State Insurance dues, income tax, sales tax, corporation tax and all other taxes and revenues payable to the Government of India or to the Government of any State or to any local authority and that at present there are no arrears of such dues, rents, royalties, taxes and revenues due and outstanding and that no attachments or warrants have been served on the Company in respect of Sales Tax, Income Tax, Government revenues and other taxes. 14. That the said loans borrowed/to be borrowed by the Borrower are within the borrowing limits of the powers of Board of Directors of the Borrower. 15. That I am not aware of any act, deed, matter or thing or circumstances which prevents the Borrower from charging the said immovable property in favour of the Bank. 16. That I have made the aforesaid declaration for and on behalf of the Borrower solemnly and sincerely believing the same to be true and knowing fully well that on the faith thereof the Bank has agreed to complete the said transaction of mortgage by deposit of title deeds in respect of the said immovable property. THE FIRST SCHEDULE ABOVE REFERRED TO: (Description of the immovable property) THE SECOND SCHEDULE ABOVE REFERRED TO: (List of Title Deeds) Solemnly affirmed at ___________ ) On this               day of         201___ ) Before me; NOTARY Download Word Document In English. (Rs.15/-) Download PDF Document In Hindi. (Rs.15/-)

  • RECONVEYANCE DEED

    RECONVEYANCE DEED This Indenture made at……………..this……………..day of....................20………between A, son of……………..resident of..................... , hereinafter called the Mortgagee of the ONE PART and B, son of……………..resident of……………..hereinafter called the Mortgagor of the OTHER PART. WHEREAS the Mortgagor mortgaged in favour of the Mortgagee the property described in the Schedule hereunder written, by an Indenture of Mortgage dated the…………….. day of…20……………..registered in the Office of Sub Registrar of Assurances...................under Serial No …………….. of 20……………..under date.....................to secure a loan of Rs… . lent by the Mortgagee to the Mortgagor. AND WHEREAS the Mortgagor has paid a sum of Rs ……………..on account of principal and interest thereon payable under the said Mortgage and willing to pay the balance of Rs . ……………..for redemption of the mortgage. NOW THIS DEED WITNESSETH THAT in consideration of the payment of Rs . ………… to the Mortgagee by the Mortgagor paid in full of the principal sum and interest due and owing to the mortgagee on the security of the said Indenture of the Mortgage (the receipt whereof the Mortgagee doth hereby admit and acknowledge and of and from the same doth hereby acquit, release and forever discharge the Mortgagor), the Mortgagee doth hereby retransfer and reconvey to the Mortgagor all that the said mortgage property, more particularly described in the Schedule hereto, to have and hold the same unto the Mortgagor absolutely and free from encumbrances of any kind whatsoever and discharged from all claims, demands and rights of the Mortgagee under the said mortgage and the Mortgagee hereby covenant with the Mortgagor that he has not done or knowing or willingly suffered or been party or privy to any act, deed or thing whereby or by reason of means whereof the said mortgaged property hereby reconveyed or retransferred or intended so to be or any of them or any part thereof may or shall be impeached, affected or encumbered in title, estate or otherwise howsoever. AND THE MORTGAGEE HEREBY DECLARES AND CONFIRMS that he has delivered the title deeds in respect of the mortgaged property and the Deed of Mortgage to the Mortgagor. IN WITNESS WHEREOF, the said Mortgagee has hereunto set his hand the day and year first hereinabove written. The Schedule above referred to WITNESSES 1 Signed and delivered by the withinnamed Mortgagee 2. Download Word Document In English. (Rs.5/-) Download PDF Document In Hindi. (Rs.5/-)

  • AGREEMENT BETWEEN THE BANKS IN CONSORTIUM LOAN TO A PARTY

    AGREEMENT BETWEEN THE BANKS IN CONSORTIUM LOAN TO A PARTY Download Word Document In English. (Rs.35/-) Download PDF Document In Hindi. (Rs.45/-) This Agreement is made at……………..this the……………..day of……………..20…… between X Bank, a body corporate constituted by and under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and having its Head Off ice at………… and (hereinafter called "X Bank", which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns) of the FIRST PART, Y Bank, a Statutory Corporation constituted by and under the ..................... and having its head office at (hereinafter called "Y Bank", which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns) of the SECOND PART, Z Bank, a body corporate constituted by and under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and having its Head Office at (hereinafter called "Z Bank" which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns) of the THIRD PART. A Bank, a Banking company within the meaning of the Banking Regulation Act, 1949 and a Company incorporated under the Companies Act, 1956 and having its Registered Office at……………..(hereinafter called "A Bank" which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns) of the FOURTH PART. WHEREAS (1) The……………..Limited, a company incorporated under the Companies Act, 1956 (hereinafter called the Borrower, which expression shall unless it be repugnant to the subject or context thereof, include its successors and assigns) had applied to X Bank for a loan of Rs . ……………..for its working capital requirements, and the said X bank approached the Y Bank, Z Bank and A Bank who have agreed to be members of X Bank Consortium and share the loan amount to be sanctioned by the X Bank Consortium. (2) The said X Bank has been designated and recognised as the lead Bank of the X Bank Consortium, and Y Bank is designated and recognised as the second lead Bank of the X Bank Consortium. (3) The X Bank Consortium, has sanctioned the loan to the Borrower inter alia for the Working Capital facilities in the proportion as mentioned in the Working Capital Consortium Agreement dated the……………..day of……………..20……………..between the Borrower and the said Banks (hereinafter called "the Consortium Agreement") for meeting a part of the Working Capital needs of the Borrower in addition to the existing facilities and replacement of certain other facilities on the terms and conditions set out in the said Consortium Agreement and such other conditions as may be stipulated by the X Bank Consortium from time to time. The Working Capital facilities are hereinafter collectively referred to as "the said facilities" which expression shall, unless it be repugnant to the subject or context thereof, include each such facility or any one or more of them. The limits or sub limits as so fixed from time to time during the tenure of the said Consortium Agreement shall be deemed to be the limits or sub limits covered under the said facilities. (4) As security for the repayment of the said facilities together with interest, costs, charges and other expenses, payable in respect of the said facilities, the Borrower created in favour of the said Banks a first charge by way of Hypothecation on its Current Assets, both present and future, wherever situated but pertaining to the Borrower as mentioned in the Joint Deed of Hypothecation dated the……………..day of……………..20……………..executed by the Borrower in favour of the said Banks and also created in favour of the said Banks by way of Collateral a second charge on the Fixed Assets, both present and future, of the Borrower (The aforesaid charges are hereinafter collectively referred to as "the said Securities"), (5) For operational convenience, the said Banks have agreed to enter into an inter se Agreement being these Presents to define the rights of the said Banks relating to their rights in the securities and charges and other matters relating thereto. Now therefore, it is hereby mutually agreed between the parties as follows: (i) The Member Banks hereby recognise X Bank as the Lead Bank and Y Bank as the Second Lead Bank of the X Bank consortium. (ii) The Member Banks hereby agree to abide by the directions, instructions and clarifications as may be given from time to time by the Lead Bank in consultation with the Second Lead Bank, in respect of any matters arising out of or in relation to the Cash Credit Account(s) or other Account(s) opened by the Borrower with the X Bank Consortium. (iii) Notwithstanding anything to the contrary contained in or arising out of or implied by the said Consortium Agreement and/or the Joint Deed of Hypothecation, it is hereby agreed and declared by and between the said Banks as follows: (a) X Bank will act as the Lead Bank of the X Bank Consortium and Y Bank as the Second Lead Bank and all the Members shall act in the spirit of the Consortium and all decisions should, as far as possible, be arrived at unanimously including those relating to sharing of ancillary business and drawings under different Facilities sanctioned to the Borrower. (b) The members of the Consortium do hereby agree to execute in favour of the Lead Bank and the Second Lead Bank a power of attorney or other authorisation as may be deemed appropriate for constituting the Lead Bank and the Second Lead Bank as their true and lawful attorneys for them, in their name and on their behalf to do, execute and perform all acts, deeds and things as the Lead Bank and the Second Lead Bank may deem appropriate, necessary or expedient in the given circumstances as the leaders of the X Bank Consortium and to take decisions for and on behalf of the Consortium and communicate the same in the general interest of the Y Bank Consortium. The Member Banks do hereby agree to ratify and confirm whatever all acts, deeds and things lawfully and bona fide done, taken or effected by the Lead Bank and the Second Lead Bank as such attorneys in exercise of the powers, authorities and liberties hereby conferred upon, under and by virtue of this Agreement. (c) The Members of the Consortium do hereby agree that they would act in the best interests of the Consortium having due regard to the interests of each of the Members of the Consortium. (d) Each Bank shall consult the Lead Bank in respect of any matter relating to the said Facilities including those relating to sanction of ad hoc/temporary credit to the Borrower and act in consonance with the clarifications, directions and decisions as may be given by the Lead Bank. (e)                A Bank Consortium shall act in accordance with the directions and instructions given by the Lead Bank in so far as the monitoring of the Borrower's Cash Credit Account(s) or other Account(s) with them are concerned and abide by the decisions of the Lead Bank and the Second Lead Bank, which will be binding on the other Members of the Consortium, in case of any dispute or difference of view on the quantum of the permissible bank finances, terms and conditions to be imposed or any other matter pertaining to the Borrower's Cash Credit Account(s) or other Account(s). (f) If on account of operational difficulties or locational problems, the borrower desires to avail of any non fund based facility from one Member Bank in preference to another, the Lead Bank should as far as possible evolve a suitable system of sharing the relative income thereof at a Consortium Meeting and the decision of the Lead Bank/the Second Lead Bank thereon shall be binding on the Members of the Consortium. (g) Each Bank shall not, without the consent of the Lead Bank, agree to any modification of the terms of this Agreement nor waive the rate of interest on defaults or vary the margins stipulated earlier unilaterally. (h) Subject to the Provisions of the inter se arrangement as may be entered into between the said Banks and the other Lenders, all proceeds of sale or other proceeds out of or in connection with any of the said Securities created by the Borrower shall be applied in the manner as set out in clause 5 herein. (i) Any action for the enforcement of the said Securities against the Borrower shall be taken by the Lead Bank in consultation with the other Members of the X Bank Consortium and the X Bank as the Lead Bank shall be at liberty to take any steps to realise or enforce the said Securities agreed to be created or close and cause to be closed the respective Cash Credit Account(s) or other Account(s) opened in the Books of the said Banks but in the morning of the full working day immediately preceding, any action intended to be taken under this clause, due notice of such intention and of the action intended to be taken shall be communicated in writing by the Lead Bank to the other Banks and the other Banks shall immediately or as soon as possible after receipt of such notice demand repayment of the moneys due under the relative Cash Credit Account(s) or other Account(s) and stop all further advances or accommodations to the Borrower on the relative Cash Credit Account(s) or other Account(s) of the Borrower with it and notify its intention in writing either to act jointly in such action with the Lead Bank or otherwise and in case the other Banks shall agree to act jointly in such action then the said Banks shall act jointly and in case of failure, neglect or refusal by the other Bank to join in any such action, the Lead Bank taking action shall make the Banks so refusing, a defendant/ respondent in any action which it may take against the Borrower (j) All members of the Consortium should jointly and severally ensure that there is no slackness in follow up of and supervision over credit extended to the Borrower and each of the said Banks shall keep the Lead Bank advised of all matters affecting this Agreement and shall initiate such action as may be deemed appropriate in mutual consultation with one another of the X Bank Consortium. (k) Inspection of the Books of Account, verification of securities and spot checks shall be done by such Member Bank by rotation as may be decided by the Lead Bank and the Second Lead Bank and the Notes of Inspection and Verification shall be forwarded to all the Members of the Consortium. The Member Banks shall ensure that there is no piecemeal collection of data from the Borrower by each Member separately but that all collection of data is made by the Lead Bank or as it may direct. (l) Each of the said Banks shall at the request of the Lead Bank or the Second Lead Bank join in the exercise of any power hereby made exercisable by the said Banks or any of them and shall join or concur in all such acts, proceedings, things or steps as may be necessary or convenient to enable any of the said Banks to recover any moneys due to it upon the said Securities or otherwise to obtain the benefit of the said Securities and in default, the defaulter Bank shall be made a defendant/respondent in any action, the other Banks may decide to take. (m) The Lead Bank and the Second Lead Bank shall meet at quarterly intervals to assess the performance of the Borrower based on the Statements from the Borrower under the Quarterly Information System (QIS) and fix at such Meeting the Operating Limits/individual Bank's share thereof for the next Quarter which shall be binding on the Members of the Consortium. (n) No Member of the Consortium shall opt out of the Consortium mainly on account of the Sickness/Impending Sickness/Weakness of any of the Borrower's Units. In the event of a Member of the Consortium desiring to opt out of the Consortium for any other reason considered to be valid by the Lead Bank either by itself or at the instance of the Borrower, that Member's Share in the said Facilities should in the first instance be offered to one or more among the other Member Banks and only if none of them is willing to take up that Share, one or more New Banks may be admitted into the  Consortium in consultation with the Lead Bank. (o) Where however, a Member Bank faces a temporary liquidity constraint, it will be open to one or more of the other Member Banks to agree, on request by the said Bank, to take up for a temporary period not exceeding six months or such other period as may be agreed to by the Lead Bank at its sole discretion (hereinafter referred to as "the Stated Temporary Period") that Bank's Share in any Additional Credit Facility that may be sanctioned to the Borrower against the Guarantee of that Bank, if so called upon and on the understanding that the said Bank will take over its due Share by the end of the Stated Temporary Period. It is specifically agreed that the status of the Lead Bank in such an event does not get affected if for a temporary period the Lead Bank ceases to have the required largest exposure in the Fund Based Facilities granted to the Borrower during that period. (p) The Lead Bank will be solely responsible for submission to the Reserve Bank of India on behalf of Consortium Members for post sanction scrutiny under the Credit Monitoring Arrangement and for answering to the requisitions as may from time to time be made by the Reserve Bank in that regard. The Lead Bank will also be solely responsible for submitting an Application on behalf of the Consortium Members for authorisation, if required and for obtaining the same and for answering to the requisitions as may from time to time be made by the Reserve Bank in that regard. (iv) Each of the said Banks shall supply to the other or others of the said Banks Statements, monthly or more often as may be agreed upon, showing the state of the Cash Credit Account(s) or other Account(s) in the Books of the Bank supplying such Statement and the amount of payments in and the drawings out of or any other sum debited to the Cash Credit Account(s) or other Account(s) during the period preceding the date of the Statement. (v) Notwithstanding anything to the contrary contained in the said Consortium Agreement and/or the Joint Deed of Hypothecation or arising from or by virtue or reason of or implied by the same, all moneys resulting from the enforcement or realisation of the said Securities by or on behalf of the said Banks and the amounts realised from any policy or policies of insurance in respect of the said Securities though payable to the Borrower and any other realisation from or out of the said Securities or any part thereof by enforcement of the said Securities or by recourse to any special legislation for recovery of dues as may be applicable or otherwise howsoever shall be available for distribution amongst the said Banks inter se in the same proportion to their respective outstandings in the said Facilities, without any preference or priority of one over the other or others for all purposes and to all intents and shall be applied by the Lead Bank with all convenient despatch in the manner herein provided. (a)                Firstly there shall be paid out of such moneys or provisions made thereout for the costs, charges, expenses, incurred by the said Banks for and incidental to the enforcement of the said Securities and/or realisation or receipts of such money; (b) Secondly the balance of such moneys shall: (i)                  in the event of the moneys so available for distribution being sufficient to pay to the said Banks the full amounts of the Debts (including the contingent liabilities) due from the Borrower to them respectively be applied simultaneously in the payment to each of them of their respective debts in full; (ii) in the event of moneys available for distribution being insufficient to pay to each of them the full amount of the Debts (including the contingent liabilities) due from the Borrower to them respectively, be applied pari passu as nearly as may be practicable towards payment to each of them without any preference or priority whatsoever. The amount distributable to each of them shall bear to the total distributable amount the same proportion which the outstanding amounts of the Debts (including the contingent liabilities) due to each of them bears to the aggregate of the outstanding amounts of the Debts (including the contingent liabilities) due to all of them under the said Securities created and/or to be created by the Borrower; (c) Thirdly the surplus if any, out of such moneys shall be paid by the Lead Bank to the Borrower or the person entitled thereto. (6) All realisations out of policies of Insurance taken out by the Borrower in respect of the said Securities although taken only in the name of the Borrower shall be available for the benefit of the said Banks. (7) Notwithstanding that the Lead Bank shall distribute the realisations in the manner mentioned above, as between the said Banks and the Borrower, the said Banks shall be entitled to enforce their rights by suit against the Borrower for any money's that may still be due to them from the Borrower. (8) All documents of title evidencing the creation of the said Securities by the Borrower and all documents relating to the said Cash Credit Account(s) or other Account(s) shall be held by the Lead Bank or as it may direct. The Lead Bank shall make available the said documents to the Member Banks or any of them against their accountable receipt for the same. (9) The Lead Bank shall take all the necessary and appropriate steps and actions to ensure compliance by the Borrower with all the terms, conditions and stipulations in respect of the said Facilities, the repayment and payment obligations of the Borrower or the Guarantor/s to the said Banks, the quality, quantity and sufficiency of the Security therefor and shall undertake at the cost and expense of the Borrower the requisite inspection of the said Securities in accordance with the relevant provisions of the said Consortium Agreement and/or the Joint Deed of Hypothecation. Whenever the Lead Bank takes any action, which in its opinion and discretion is necessary or appropriate in pursuance, or for the enforcement, of its rights over the said Securities or other security by taking possession of the said Securities, dealing therewith, or disposal thereof, or any other manner or by filing suits, actions or other proceedings or in any other manner in accordance with the terms, conditions and stipulations contained in the said Consortium Agreement and/or the Joint Deed of Hypothecation and or otherwise, such actions shall be taken for itself and for and on behalf of the Member banks and where such actions have not been specifically so taken they shall be deemed to have been taken for itself and for and on behalf of the Member Banks. (10) Each of the said Banks hereby agrees that all acts, deeds and things done in accordance with this Agreement by the Lead Bank shall be construed as acts, deeds and things done by each of them and each of the said Banks undertakes to ratify and confirm all whatsoever the Lead Bank shall do or cause to be done for itself and on their behalf. The Lead Bank shall not be liable to the Member Banks for any act, deed or thing done or omitted to be done in good faith under this Agreement. (11) Any further assistance by way of Working Capital facilities granted to the Borrower by the said Banks would have a ranking of a pari passu nature with the present assistance in respect of the said Facilities to the Borrower and shall be deemed to be included in the said Facilities and secured likewise. (12)(a) It is declared and agreed by and between the Parties hereto that notwithstanding anything to the contrary contained herein or in the securities created or purported to have been created by the Borrower in respect of the said Facilities granted or continued, prior to the execution of these Presents, shall be governed and be deemed to. have always been governed by the provisions, terms and conditions contained in this Agreement, as if such Facilities were and are part of the said facilities referred to herein and hereunder. (b) It is declared and agreed by and between the Parties hereto that notwithstanding anything to the contrary contained herein or in the Securities created or purported to have been created by the Borrower in respect of the said facilities or such other facilities as are subsisting from time to time in favour of the A Bank Consortium, the provisions contained herein shall govern not only the A Bank Consortium as constituted at the time of execution of these Presents but also such Consortium or the Reconstituted Consortium as may be formed during the currency of the said facilities as if the members of such Consortium or the Reconstituted Consortium were the original Parties hereto and such Consortium or the Reconstituted Consortium shall enter into and execute such documents or deeds as may be deemed necessary in the opinion of the Lead Bank and as directed by the Lead Bank. IN WITNESS WHEREOF the Parties hereto have set their hands unto these presents the month and year hereinabove written. Signed and delivered for and on behalf of Y Bank, the Lead Bank by the hand of Shri. …………….. , its Authorised Official in this behalf. Signed and delivered for and on behalf of the Member Banks as mentioned below by the hand of its duly authorised Official in this behalf; Y Bank  Shri…………….. Z Bank Shri…………….. A  Bank Shri……………..

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