MEMORANDUM OF DEPOSIT OF TITLE DEEDS

On the __________day of ________________ Shri _____________________________________

In the capacity of Director / Partner / Attorney / Authorized Signatory (as the case may be) of
1.
2.
3.
4.
5.
(hereinafter Mortgagor/s Nos. _____to _____are collectively referred to as “Mortgagor/s”, Which
expression shall include their respective heirs, executors, administrators, successors, surviving
partners and permitted assigns as the case may be) Attended the office of the LIC Housing Finance
Ltd. A company established under the Companies Act, 1956 at Area Office LIC Housing Finance
Ltd. Isanpur, Ahmedabad (‘Company’) on the 19TH of JUNE 1989 and saw Mr.
_______________________________________________________ and M/s LIC Housing
Finance Ltd. Isanpur, Ahmedabad of the company with an intention to create equitable mortgage
over the Properties more particularly described in “Schedule” hereunder written inter alia to secure
the repayment to the Company the Loan Granted or to be granted by the Company to
Mr. ______________________________________________________________ (hereinafter
referred to as “Borrower) Which expression shall unless repugnant to the context or meaning there
of be deemed to mean and include, his/her/their respective executors. Administrators, legal heirs
and permitted assigns wherever the context or meaning shall so require or permit).

________________________________
Signature of the Borrower/s
1. Mr _____________________________________________________stated that the Company
has granted / agreed to grant /lend certain credit Loan to the extent of Rs. _________________
(Rupees ______________________________________________________ ) In
aggregate(“Loan”) at the request of the Borrower and the Mortgagor/s on the condition that the
Mortgagor/s create mortgage over the properties mentioned in Schedule. Shri
______________________________________________________________ accordingly has
deposited the documents of title, evidences, deeds and writings more particularly described in
the Schedule hereunder written (hereinafter called the “Title Deeds”) with an intention to create
mortgage by way of deposit of title deeds in favour of the company to secure the Loan.

2. Mr. _________________________________________________________while depositing the

Title Deeds accorded and gave oral consent on behalf of the Mortgagor/s to
Mr. ____________________________________ and Mr. _____________________________
LIC Housing Finance Ltd. Of Company to hold and retain the Title Deeds as and by way of
equitable mortgage by deposit of title deeds on the Mortgagor/s Immovable
Properties more particularly described in the Schedule hereunder written, together with all
buildings and structures thereon and all plant and machinery attached to the earth or permanently
fastened to anything attached to the earth, both present and future, (hereinafter the properties
described in Schedule are referred to as “the Immovable Properties”) for the due repayment,
discharge and redemption b the Borrower to the Company for the Loan in aggregate and / or as
sanctioned by the Company to the Borrower together with all interest liquidated damages, costs
charges, expenses, guarantee commission and other monies, payable under its facility
agreement/letter of sanction/memorandum of the items and conditions.

3. Shri. _____________________________________________________________ also stated

that the he was authorised to give oral consent pursuant to the POA /Board Resolution /Authority
Letter and the Mortgagor/s have furnished the certified true copy of the said Board Resolution
/POA/Authority Letter to Shri ___________________________________________________ &
Shri_________________________ of the Company with intent to create security on the
immovable Properties as aforesaid and to secure the Loan granted /to be granted by the
Company and further stated that the Resolution /POA/Authority Letter is in full force and effect
valid and binding on the respective Mortgagor/s.

4. Whilst giving such oral consent, Shri_______________________________________________

on behalf of the Mortgagor/s stated that the he has deposited the Title Deeds in his capacity as
Director / Attorney/ Authorised Signatory of each of the Mortgagor/s for the above Loan with intent
to create the security on the immovable Properties as aforesaid to secure the Loan.
5. Shri _______________________________________________________ has further stated that
aforesaid oral consent was given with the intent to create fresh mortgage over the properties
mentioned in Schedule in favour of the Company to secure the liability that may arise at the foot
of the Loan granted / to be granted to the Borrower together with interest, costs, charges and
expenses and all the monies that may becomes payable by the Borrower
Shri______________________________________________________ has further stated that
as long as any amount is outstanding under the Loan, the Mortgagor/s shall not create any further
charge on the immovable Properties and that the immovable properties shall be a continuing
security whether the balance of the Loan at any point of time is extinguished or becomes nil.

6. Shri _________________________________________________________ confirmed that the

immovable properties are free from any prior charge, encumbrances, lis pendens and/or other
mortgage except the mortgage created in favour of the Company for the financial assistance
granted / to be granted by the Company and has assured, declared and confirmed that no
mortgage, charge, or lien or other encumbrances whatsoever is or will be created in respected
of the immovable properties without prior written approval of the Company.

7. Shri _________________________________________________________ further declared

that the Mortgagor/s are not aware of any act deed matter or circumstance which prevents the
Mortgagor/s from charging or creating mortgage or extension thereof over the immovable
properties in favour of the Company.

8. Shri __________________________________________________________ further declared

that the respective Mortgagor/s have been paying all rents, royalties including provident fund,
gratuity fund, employees provident fund dues, income tax, sales tax, Corporation taxes and other
taxes and revenues payable to the respective Government and Authorities or to any Local
Authority and at present there are no arrears, taxes, rents, royalties, revenues and there are no
attachments, warrants, written notices that have been served on any of the Mortgagor/s in respect
of such tax, that will have a bearing on the attachments and/or sales or mortgage of the
immovable Properties.
 THE SCHEDULE REFERRED TO HEREIN ABOVE PART – 1

(LIST OF THE DOCUMENTS OF TITLE)

1) ORIGINAL SALE DEED NO. _________________ DATED : ___________________

2) ORIGINAL R.R. NO. ________________________ DATED: ___________________

PART – II

(Description of the immovable properties)

ADDRESS :____________________________________________________________________
______________________________________________________________________________
MOJE-_________________________

Survey No/ Block no: _________________________ EAST: __________________________

T.P No. __________ WEST: __________________________

F.P. No: _________ NORTH: _________________________

Plot Area: ___________ Sq. Yard _________Sq. Mtr. SOUTH: _________________________

Construction Area : ____________ Sq. Yard ___________ Sq. Mtr.

Flat no./ Tenement no./ Row house no.: _______________________________________________

Building / Society Name:___________________________________________________________

Undivided Land: ______________Sq. Yard ___________ Sq. Mtr.

WITNESS : Borrower(s)/ Mortgagor(s) :

1. ______________________________ 1. _______________________________________

Name : ___________________________ Name : __________________________________

2. ______________________________ 2. _______________________________________

Name : ___________________________ Name : __________________________________