Deed of Conveyance in
Favour of Mortgagee
This Deed of
Conveyance is made 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
absolutely seized and possessed of or otherwise well and sufficiently entitled
to the land and premises situate at ........ and more particularly described in
the Schedule hereinafter written.
And Whereas by a Deed
of Mortgage dated the ........ day of ........ made between the Vendor (therein
called the Mortgagor) of the One Part and the Purchaser (therein called the
Mortgagee) of the Other Part and registered at the office of the Sub Registrar
at ........ under serial No ......... of Book No. 1 on the ..... day of
........ the Vendor, in consideration of the sum of Rs ........ lent and
advanced by the Purchaser as Mortgagee, granted and transferred the said land
& premises into the Purchaser as Mortgagee as therein mentioned subject to
the covenant for redemption therein contained and on the terms, powers &
provisions therein provided.
And Whereas there Is
now due and owing by the Vendor as Mortgagor to the Purchaser as Mortgagee a
sum of Rs ........ for principal and a sum of Rs ........ for interest
aggregating to Rs .........
And Whereas the
Vendor As unable to repay the said amount and, therefore, requested the
Purchaser to purchase the said land and premises in consideration of the said
sum of Rs ....... due and owing by the Vendor to the Purchaser and in full
discharge of the said mortgage debt and which the latter has agreed to do in
the manner following.
And Whereas for the
purposes of stamp duty the consideration /market value is fixed at Rs ........
NOW THIS DEED
WITNESSETH that pursuant to the said agreement and in consideration of the said
sum of Rs ........ due and payable by the Vendor as Mortgagor to the Purchaser
as Mortgagee and in full discharge of the said mortgage debt the Vendor doth
hereby grant and convey by way of sale unto the Purchaser the said land and
premises more particularly described In the Schedule hereunder written TOGETHER
WITH ALL the things permanently attached thereto or standing thereon and all
the privileges, casements, profits, rights and appurtenances whatsoever to the
said land and other premises hereby granted or any part thereof belonging or
anywise appertaining thereto and All the estate, rights, title. interest, use,
possession, benefit, claim and demand whatsoever in law or otherwise of the
Vendor to the said piece of land and other the premises hereby conveyed and
every part thereof TO HAVE AND HOLD the same unto and to the use and benefit of
the Purchaser absolutely and forever to the Intent and purpose that the said
mortgage in favour of the Purchaser as Mortgagee and the latter's, right, title
and interest in the said land and premises as Mortgagee shall become fully
merged In the title of the Purchaser as owner and in full discharge of the personal
covenant to pay the mortgage debt and all other moneys payable under the said
Deed of Mortgage by the vendor as mortgagor but subject to the payment of all
rents, rates, taxes, assessments, dues and duties now chargeable and payable
and that may become chargeable and payable from time to time hereafter in
respect of the same to the Government or the Municipal Corporation of ........
or any other public body or local authority in respect thereof.
AND THE VENDOR DOTH
HEREBY CONVENANT WITH THE PURCHASER THAT
Vendor now has in himself good right and full power to convey and transfer by
way of sale the said piece of land, and other the premises hereby conveyed or
intended so to be unto and to the use of the Purchaser in the manner aforesaid.
Purchaser may from time to time and at all times hereafter peaceably and
quietly enter upon, occupy, or possess and enjoy the said land, and premises
hereby conveyed with their appurtenances, and receive the rents, issues and
profits thereof and every part thereof for his own use and benefit without any
suit, lawful eviction or interruption. claim and demand whatsoever from or by
him the Vendor or his heirs or any of them or by any person or persons claiming
or to claim, from, under or in trust for him or any of them.
Purchaser shall hold the said land and premises free and clear and freely and
clearly and absolutely acquitted, exonerated, and forever released and
discharged or otherwise by the Vendor including of the said Deed of Mortgage,
and well and sufficiently saved, defended, kept harmless and indemnified of
from and against all former and other estates, titles, charges and encumbrances
whatsoever made occasioned and suffered by the Vendor or by any other person or
persons claiming or to claim by from under or in trust for him.
Vendor and all persons having or claiming any estate, right, title or interest
In the said land and premises hereby conveyed or any part thereof by. from,
under or in trust for the Vendor or his heirs, executors, administrators and
assigns or any of them shall and will from time to time and at all times
hereafter at the request and costs of the Purchaser do and execute and cause to
be done and executed all such further and other lawful acts, deeds, things, in
law whatsoever for the better and more perfectly and absolutely granting the
said land, and premises and every part thereof hereby conveyed unto and to the
use of the Purchaser in manner aforesaid as by the Purchaser, his heirs.
executors, administrators and assigns shall be reasonably required.
IN WITNESS WHEREOF the Vendor has put his
hand the day and year first hereinabove written.
(Description of the
Signed And Delivered
.................. in the presence of ...... ..