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THIS DEED OF MORTGAGE MADE AT ……… ON THIS -------- DAY OF January ,2023
BETWEEN
Avinash B Patil,
Age 40 years, having office address 304, Orion Business Park, Kapurbawdi, Ghodbandar Road , Thane
West, Maharashtra 400607
Occupation –Business
Pan-
Payment of interest per month Failure to pay interest for 3 months will result in penalty
Both residing at –
Hereinafter referred to as “The Mortgagor/Borrower” (which expression shall, unless it be repugnant to the
context or meaning thereof, be deemed to mean and include the successors and assigns) of the ONE PART,
AND
WHEREAS:
Whereas, the MORTGAGORS are absolute owners of or otherwise well and sufficiently entitle developed
N.A plots (list attached at Schedule A ) laying on Servey no. 30 hissa no.1, 2, 3 & 4 Situated at project
, village Shendrun (Bk.) Tal. Shahapur Dist. Thane pin 421601 within the jurisdiction of Sub-Registrar,
Shahapur more particularly described in the SCHEDULE A herein written.
And whereas, the MORTGAGORS have requested the MORTGAGEE to grant a Mortgage Loan of
Rs.10,00,00,000 (Rupees Ten Crore Only) Plot no. ( Schedule A) , for which the MORTGAGEE has agreed
THAT in pursuance to the said agreement and in consideration of the sum of Rs. 10,00,00,000 (Rupees Ten
Crore Only) at or before the execution of these presents paid by the Mortgagee to Mortgagor/Borrower,
the Mortgagor/Borrower hereby covenants with the Mortgagee that they will pay the said sum Rs.
10,00,00,000 (Rupees Ten Crore Only) with interest as per the agreement between the
1. In consideration of the aforesaid, the mortgagor does hereby transfer by way of mortgage their
properties described above and more particularly described in the SCHEDULE-A hereunder written
as a security for repayment of the sum with the condition that the Mortgagor, his Successors,
Adnistrators, Attorneys or Assignees shall pay to the Mortgagee, its partners, Directors, Officers,
Representatives, Attorneys or Assignees the said sum of Rs. 10,00,00,000 (Rupees Ten Crore Only)
together with interest, thereon at the rate mentioned in the agreement with the Mortgagor/Borrower,
the said Mortgagee, its Partners, Directors, Officers, Representatives, Attorneys or Assigns shall at
any time thereafter upon the request and at the cost of the Mortgagor, his Successors,
mortgaged unto or to the use of the Mortgagor his Successors, Administrators, Attorney of Assigns
2. That the Mortgagor/Borrower shall and will during the subsistence of this security at his own costs
and charges and expenses keep and maintain the said premises hereby mortgaged in good repair
3. It is hereby agreed and declared that in case any of the installments of principal or interest payable
under these presents be not satisfied on the dates hereinbefore appointed for the payments of such
installments of principal or interest then the whole amount of principal remaining unpaid together with
interest due shall at once become payable to the Mortgagee, and the company may forthwith enforce
at once any of the remedies to which a holder of a simple mortgage is entitled under the Transfer of
Property Act and The Securitization and Re-construction of Financial Assets and Enforcement of
4. That if the Mortgagor/Borrower does not pay the said mortgage amount with interest when the same
shall become due payable under these presents, the Mortgagee shall be entitled to sell the said
properties through any competent court and to realise and receive the said mortgage amount and
5. That the Mortgagor/Borrower agrees that all sums of money awarded as compensation for any
compulsory acquisition of any portion of the mortgaged property by any Government, Municipal or
Railway or District Board Authority shall be receivable by the Mortgagee directly on behalf of the
Mortgagor and that such money as well as moneys received under and by virtue of any such
insurance as aforesaid shall at the option of the Mortgagee, either be forthwith applied in or towards
substantially rebuilding, re-installing or repairing the said premises or towards the payment of the
principal money, interest and costs for the time being remaining due on the security of these
presents.
6. For the consideration aforesaid and in further pursuance of the said agreement the mortgagor hereby
grants and transfers by way of simple mortgage unto the Mortgagee, all the property described in
the Schedule hereto and all this rights titles and interest in the said premises with the intent that the
said premises hereby mortgaged shall remain and be charged by way of simple mortgage and free
from all encumbrances as security for the repayment to the Mortgagee, of the said principal money,
7. That the Mortgagor/Borrower shall allow the Mortgagee, its officers, Agents and Surveyors at all
reasonable times to enter the said premises and view and examine the state and condition thereof.
8. That the Mortgagor/Borrower shall the keep the said premises insured against fire, lightning,
explosion, earthquake, riot, storm, tempest, flood and other such risks and pay all premia and other
sums payable for such purpose in time and shall on demand deliver to the Mortgagee the policy or
policies of insurance and receipts of payment duly endorsed and assigned in favour of the
Mortgagee.
9. Provided always that the Mortgagor/Borrower may at any time after giving the Mortgagee, Ninety
days notice pay the Mortgagee, the whole of the principal sum and interest and costs that may be
That if the Mortgagor/Borrowers does not pay the said mortgage amount with interest when the same shall
become due payable under these presents, the Mortgagee shall be entitled to sell the said properties through
any competent court and to realise and receive the said mortgage amount and interest, out of the sale
And it is further agreed by the Mortgagor/Borrower that it shall bear stamp duty, registration charges and other
out of pocket expenses for the execution and registration of this deed and release of this morgatge deed.
IN WITNESS WHEREOF the Mortgagor and the Mortgagee have hereunto set and subscribed their respective
hands through their authorized representatives and seals the day and year first hereinabove written.
SIGNED SEALED AND DELIVERED by
The mortgagor herein
1.
2.
2.