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DEED
USUFRUCTUARY MORTGAGE
BETWEEN
AND
WHEREAS
1. The Mortgagor is the Quarrying Rights Holder of and absolutely seized of a plot of land situated
at _______________ (more particularly described in the schedule hereof).
2. The Mortgagor hereby covenants with the Mortgagee that the mortgaged property is free from
all kinds of encumbrances or charge.
3. The Mortgagee hereby covenants with the Mortgagor that he may redeem the mortgage at any
time after _________ years on repayment of the said loan of Rs.__________ alongwith interest.
On such repayment, the Mortgagee will re-transfer the mortgaged property to the Mortgagor and
will put him in actual possession of the property.
4. The Parties hereto agree that the cost of registration of this deed including stamp duty and
other misc. expenses shall be borne by the Mortgagor
IN WITNESS WHEREOF, the parties hereunto have hereunder put their signatures this day
_________ of __________.
MORTGAGOR
MORTGAGEE
Witness:
1.
2.