Dated: 25-02-2022

N.Udaya Sagar M.A., L.L.B.

Manager - Legal & Operations (AP&TS)

LEGAL REPORT

Sri. Guntupalli Seshaiah, S/o. Venkaiah, for the Property to be mortgaged by Simple
situated at D.No.1-50, Sy no. 390-1, Patibandla Village,Pedakurapadu Mandal, Guntur District.,
measuring plot area 193.6 Sq Yards with following Boundaries:

North: House of Kumbha Bali Chandu,

South: Panchayat Bazar,
East: House of Mannava Subbarao,
West: Panchayat Bazar.

Part 1. Details / Description of the Documents/Scrutinized/Verified/Documents to be

collected for Mortgage:

Whether Original / Certified True

Sl.N Date of the
Name of the Document & Type Copy to be taken for creation of
o Document
Mortgage
Copy of Gift Settlement Deed
Original Gift Settlement Deed with Regd
with Regd Doc No. 8105/2021/
Doc No. 8105/2021/ dt. 26/08/2021
1 26/08/2021 dt. 26/08/2021 executed by
executed by Smt.Guntupalli Maha
Smt.Guntupalli Maha Lakshmi,
Lakshmi, W/o Seshaiah
W/o Seshaiah.

Part 2. : Title Flow Chart (Title Tree): (Chain of title)

1. Gift Settlement Deed with Regd Doc No. 8105/2021 dt. 26/08/2021 executed by By
Smt.Guntupalli Maha Lakshmi, W/o Seshaiah, resident of Patibandla
Village,Pedakurapadu Mandal, and Guntur District.,.

2. Possession and Enjoyment Certificate issued by Village Revenue Officer/Mucipal

Commissioner/Concerned Authority, D.No.1-50, Sy no. 390-1, Patibandla
Village,Pedakurapadu Mandal, Guntur District, on 23/02/2022 for 15 years and above.
This Certificate issued in favour of Guntupalli Seshaiah.

3. Certificate of encumbrance on 64751606 dt. 23/02/2022 from 01/01/1993 to 14/02/2022.

N. UDAYA SAGAR || Manager Legal || AP-TS ||For HMPL

Part 3: Brief History of the Property and how the Mortgagor has derived the Title: (Special

importance to area of the Property and legal heirs):

The property situated within the fields of Patibandla Village, Pedakurapadu Mandal, in Sy

no. 390-1, Door No. 1-50, an extent of 193.6 Sq Yards, Mr/Mrs Guntupalli Seshaiah has having

ownership the property through a Regd Gift Settlement Deed with Registration No. 8105/2021, dt.

26/08/2021 registered before Anywhere at Piduguralla S.R.O. Mother Pedakurapadu S.R.O Sub

Registrar.

This property is Ancestral and Gift Settlement in nature. Guntupalli Seshaiah acquired

the property from Smt.Guntupalli Maha Lakshmi, W/o Seshaiah, executed a Gift Settlement Deed

with Regd Doc No. 8105/2021, on dt.26/08/2021 infavour of Sri. Guntupalli Seshaiah.

Smt.Guntupalli Maha Lakshmi, W/o Seshaiah, Possessed the entire property on 26/08/2021 and

handed over the schedule property on the same day. As per the available documents and recitals in

the documents Guntupalli Seshaiah is the Owner of the property and enjoying the schedule

mentioned property without interruption from the date of Gift Settlement to till date. Possession

and Enjoyment Certificate issued by Village Revenue Officer/Mucipal Commissioner/Concerned

Authority, D.No.1-50, Sy no. 390-1, Patibandla Village,Pedakurapadu Mandal, Guntur District, on

23/02/2022 for 15 years and above. This Certificate issued in favour of Guntupalli Seshaiah.

Presently Guntupalli Seshaiah having an extent of 193.6 Sq Yards. He was in peaceful possession

and enjoyment of the schedule property without interruption till date.

Part 4: Search (Receipt & Date) and Investigation / E. C. and any adverse comments on Title:

Certificate of encumbrance on 64751606 dt. 23/02/2022 from 01/01/1993 to 14/02/2022 issued

by SRO Anywhere at Piduguralla S.R.O. Mother Pedakurapadu S.R.O.

No encumbrances seen

N. UDAYA SAGAR || Manager Legal || AP-TS ||For HMPL

 Part 5: List of Documents (please Specify Original / Certified copy) for Creation of Mortgage:

Original or

Sl.No. Document Particulars Certified True

Copy

Original Gift Settlement Deed with Regd Doc No. 8105/2021 dt.
1 26/08/2021 executed by By Smt.Guntupalli Maha Lakshmi, W/o Seshaiah,  Original
resident of Patibandla Village,Pedakurapadu Mandal, Guntur District.,. 
Possession and Enjoyment Certificate issued by Village Revenue
Officer/Mucipal Commissioner/Concerned Authority, D.No.1-50, Sy no.
2 390-1, Patibandla Village,Pedakurapadu Mandal, Guntur District, on Original
23/02/2022 for 15 years and above. This Certificate issued in favour of
Guntupalli Seshaiah.
 Certificate of encumbrance on 64751606 dt. 23/02/2022 from
3 01/01/1993 to 14/02/2022 issued by SRO Anywhere at Piduguralla S.R.O.  Original
Mother Pedakurapadu S.R.O.

Part 6: CERTIFICATE: I Certify that on the basis of above documents seen and verified, along with
attached enclosure Sri Guntupalli Seshaiah, S/o Venkaiah(borrower/s) is having clear, marketable
and unencumbered/ Possessary title and they can Mortgage the property by Simple / Registered
Mortgage in favour of Godavari Urban Multi State Credit Co-Operative Society
Limited/Hindusthan MicroFinance Private Limited(BC Partner).

Kind information: This is also treated as a vetting and final scrutiny report.

(SIGNATURE OF LEGAL OFFICER ALONGWITH NAME & OFFICE SEAL)

N. UDAYA SAGAR || Manager Legal || AP-TS ||For HMPL

 Sri : Guntupalli Seshaiah S/o Venkaiah Remarks
Mortgaged Property Address: D.No.1-50, Sy no. 390-1, Patibandla
Village,Pedakurapadu Mandal, Guntur District.,, measuring plot area 193.6 Sq Yards.  

Whether the Borrower/(s) had Absolute, Clear and Marketable title over the Having Ownership right
Property/ies proposed to be mortgaged on the property/ies and create valid Mortgage

a) What is the nature of the title of the owner i.e. tenancy right, full ownership, occupancy
right, possessory right, minor's right or any other type of right? Clarify Ownership Right

(b) Leasehold immovable property/ies (whether the land building(s) is/are lease hold
lease verify the terms of the lease(s) the name and address (es) of the lessor (s) and
whether any permission/NOC from the lessor(s) Company authority is required for
transfer (such as mortgage, sale etc.) of the property/ies). Not Applicable
Whether there is any restriction/Prohibition under the property/ies under the title deeds
through which he/she has derived the title. No Such Restricted
Whether the latest title deeds and the immediately previous title deeds are available in Yes
Originals
Whether the Building tax/land revenue has been paid upto date No Dues

In case the loan is sought for construction purpose - whether the land has been converted
under the land revenue laws? If not required to be converted, give reasons Not Applicable
(a) Is / Are the property/ies free from encumbrances Yes

(b) Please give detailed account of charge/mortgage or redemptions for a minimum

period of 13 years and also state the subsisting charge / mortgage if any, mentioned in
the encumbrance certificate for the last 13 years. Not Applicable
Simple Mortgage
Type of Mortgage (Registered or Simple). If Simple, whether all original title deeds are Yes
available for creation of Simple Mortgage

Whether property/ies is/are freehold or leasehold or sell occupied or tenanted? If

tenanted, whether the property/ies can be take as mortgage and what precautions to be
taken. Free hold Property
Whether NOC obtained from concerned in case of Flats / office owned / controlled by
societies. Not Applicable
Whether all owners of the Property joined in the creation of mortgage of the
property/ies either by deposit of title deeds or by registered mortgage, etc. Yes

There are No Prior Mortgage/Charge whatsoever as could be seen from the record of
Index-II, for the period of 13 or 30 years pertaining to the immovable property/ies by the
above said title deeds. Not Applicable
There are no claims from minor/s and his/their interest in the property/ties is/are to the
extent of (specify the share of Minor's with name). No Minor Claims
The Mortgage is created will be perfect and available to the GODAVARI URBAN MULTY
STATE CREDIT CO-OPERATIVE SOCIETY LIMITED/HINDUSTHAN MICRO FINANCE
PRIVATE LIMITED(BC PARTNER) for the liability of the intending borrower Yes Simple Mortgage
If Any Adverse remark observed in Title and or in Creation of Mortgage (Simple /
Registered), please specify : Nil
( SIGNATURE OF LEGAL OFFICER ALONGWITH NAME & OFFICE SEAL )

N. UDAYA SAGAR || Manager Legal || AP-TS ||For HMPL