INSTRUCTIONS TO USE THE MODEL FORMS FOR DOCUMENTATION
1) These templates are to guide the citizen to prepare document
on his own.
2) The citizen shall carefully draft the document by incorporating
clauses and/or amending/deleting the clauses in the model
forms.
3) He shall give accurate information regarding parties. There
should not be any spelling mistakes. The description of parties
should be complete and free from mistakes along with the
addresses.
4) The flow of title particularly how the present transferor got the
title over the scheduled property mentioning link documents,
court judgements, inheritance etc shall be mentioned
chronologically without any mistakes.
5) The scheduled property details shall be given clearly. The
description of the property shall be such that it is identifiable
according to Registration law and rules made thereunder.
6) The consideration and other information affecting the
chargeability of the instrument shall be provided correctly and
factually so that proper stamp duty and other charges are
levied during registration process by the Registering Authority.
If there is suppression of facts leading to loss of revenue, then
the parties are liable for prosecution besides collecting
legitimate revenue from the parties as per law in vogue.
7) If parties commit any mistakes in document that may lead for
rectification of mistakes by executing a rectification deed
subsequently. Therefore, the parties are advised to take all
required care and caution during preparation of document to
avoid unnecessary round of tours to the offices for getting
rectification deed(s) registered.
DISCLAIMER: DEPARTMENT OWNS NO RESPONSIBILITY FOR THE
CLAUSES/COVENANTS USED IN THE MODEL DOCUMENTS. IT IS UPTO
THE PARTIES TO USE THEM OR MODIFY THEM. THE PARTIES MAY
PREPARE DOCUMENT SUITING TO THEIR NEEDS WITHOUT DEPENDING
ON THE MODEL DOCUMENTS PROVIDED. DEPARTMENT KNOW THAT
EACH TRANSCTION/DOCUMENT IS UNIQUE. THEREFORE, PARTIES ARE
ADVISED TO TAKE ALL THE CARE IN PREPARATION OF DOCUMENT TO
RECORD LEGAL RIGHTS AND OBLIGATIONS PROPERLY REQUIRED
UNDER VARIOUS LAWS.
You may find more information on the above subject by visiting
these pages
https://registration.telangana.gov.in/saledeed.htm
https://registration.telangana.gov.in/documentpreparation.htm
MORTGAGE WITH POSSESSION
THIS DEED OF MORTGAGE is made and executed on this the
____________day of___________year by
Sri_________________________ S/o, D/o, W/o. ,
aged about____________years, Occupation: _________________________
Resident of D.No. _________________________________________________
Represented by his / her agent
Being minor represented by Father/Mother/Brother/Guardian
Sri_________________________ S/o, D/o, W/o. ,
aged about____________years, Occupation: _______________________
Residing at__________________ under_____________general / special
power of attorney dated____________Registered as Document
Number_______of Year_______ Book I / IV of RO/SRO .
(Hereinafter called the “MORTGAGOR” which expression shall mean and include all
his heirs, legal representatives, administrators and assignees etc. of the ONE PART).
AND
Sri._________________________ S/o, D/o, W/o. ,
aged about____________years, Occupation: _________________________
Resident of D.No. _________________________________________________
(Hereinafter called the “MORTGAGEE” which expression shall mean and include all
his heirs, legal representatives, administrators and assignees etc. of the OTHER
PART).
WHEREAS the Mortgagor herein is the sole and absolute owner and
peaceful possessor of the House bearing No. __________ in Survey No.
constructed on Plot No. situated at __________________Village,
_______________Mandal, __________District, which was inherited / having acquired
through a Sale / Gift / Gift settlement / Partition /Will deed registered as Document No.-
________________ o f S . R . O . ____________________ copied in Volume No.
_____________________at Page .
AND WHEREAS the Mortgagor being in need of money to an extent of
( R u p e e s o n l y ) f o r h i s / h e r
family necessities, approached the Mortgagee, and requested to adjust the s aid
amount on the security of the said property, for which the Mortgagee also agreed
subject to the following terms and conditions herein below mentioned.
That the Mortgagee on the request of the Mortgagor has already paid the
said amount of____________________(Rupees only)
to the Mortgagor in advance, for which the Mortgagor hereby admits and acknowledges
the receipt.
NOW THIS DEED OF MORTGAGE WITNESSETH AS FOLLOWS:
1. T h a t f o r t h e a m o u n t o f _______ taken by the Mortgagor, the
property above mentioned shall stand as security.
2. That the Mortgagor shall pay back the said amount of Rs. ___
(Rupees onlu) to the
Mortgagee, within _________year, from this date and shall get the mortgage
redeemed.
3. That the possession of the said property shall be with the Mortgagee and he
is entitled to enjoy the same in lien of interest. The Mortgagor has delivered
the physical possession.
4. That the relevant link document, and papers of the said Property had been
handed over in original to the Mortgagee; As and when this Mortgage is
redeemed, the Mortgagee shall give back all relevant papers to the
Mortgagor along with the physical possession of the property.
5. That in case if the Mortgagor fails to pay back the said amount and interest
thereon within the stipulated period specified above, the Mortgagor shall
dispose of the scheduled property, hereby stands as security, and the first
preference shall be given to the Mortgagee to purchase the said property,
And in case if the mortgagee expresses his inability to purchase the same
the Mortgagor with the consent of the mortgagee is at liberty to dispose off
the same, and the Mortgagee shall first recover the said amount together
with interest and other incidental charges thereon from the sale proceeds
and the remaining amount if any shall be paid to the Mortgagor.
6. That the Mortgagor hereby declare that the said property hereby stands as
security is free from all encumbrances, prior sales, gifts, mortgages, liens
and court attachments of whatsoever.
7. That the Mortgagor shall pay the relevant taxes in respect of the scheduled
property at his / her own expenses.
8. That in case if either of the party commits any breach or default, the other
party is at liberty to take appropriate legal action against such defaulting
party.
9. The Mortgagor hereby declares that the mortgaged property is not an
assigned land within the meaning of AP Assigned Lands (Prohibition of
Transfers) Act 9 of 1977 and that it does not belong to or under mortgage to
Govt. Agencies / Undertakings.
SCHEDULE OF PROPERTY STANDS AS SECURITY
All that the piece and parcel of house admeasuring__________________sq.
yards or____________sq. mts consisting of___________sft of built up area_____ floor
with________, bearing Door Number____________situated in Ward No.__________Block
No.___________in___________Corporation / Municipality___________Village
_________Sub District________Registration District bounded by:
NORTH :
SOUTH :
EAST :
WEST :
IN WITNESSES WHEREOF, Mortgagee hereunto have signed and
executed this simple mortgage with free will and consent on this the day, month and
year aforementioned.
WITNESSES :
1. MORTGAGOR
2. MORTGAGEE
