This document discusses different types of mortgages under Indian law:
(1) A simple mortgage involves depositing the title deeds of a property with the mortgagee as security for a debt.
(2) An anomalous mortgage does not fall under any defined type of mortgage and can combine aspects of different mortgages.
(3) The right of redemption allows a mortgagor to regain property by repaying the mortgage loan, but terms that unduly restrict this right are considered a "clog on redemption."
This document discusses different types of mortgages under Indian law:
(1) A simple mortgage involves depositing the title deeds of a property with the mortgagee as security for a debt.
(2) An anomalous mortgage does not fall under any defined type of mortgage and can combine aspects of different mortgages.
(3) The right of redemption allows a mortgagor to regain property by repaying the mortgage loan, but terms that unduly restrict this right are considered a "clog on redemption."
This document discusses different types of mortgages under Indian law:
(1) A simple mortgage involves depositing the title deeds of a property with the mortgagee as security for a debt.
(2) An anomalous mortgage does not fall under any defined type of mortgage and can combine aspects of different mortgages.
(3) The right of redemption allows a mortgagor to regain property by repaying the mortgage loan, but terms that unduly restrict this right are considered a "clog on redemption."
this trane care,ferred the Titleto deed mofor.tgage Tranfer of one June
important document in enough . This type a mortgage
noliginedby is effected which are notified bythethe con GoreMonday 1 Essential () A debt Juture: (1) Deposit of the little deede (ii) de intention that the deede shall be security for the debt.
6 ? AnomaloveMortgage (Sec 58(f)]
A mortgage which is not a limple mortgage a nortgage by anditional eale on a Herfrue fuerywelgage an English mortgage or mortgage by deposit of title deede within the meaning of this section is called an anomalone mortgage Anamolone mortgage is one which doce not come 2 Tuesday within the purview of any me y the mortgages as stated above. It is a combination g왕 this two or more mortgages as stated discursed above
Right / Equity of Redemption (OR] clog of Redemption
[once a mortgase is Awo Always A Mortgage] 1
[See 60, 91 9394 295 )
Redemption meare getting back the mortgaged properly.
by the mortgager by paying back the newtgage loan money to the mortgagee. Redemptim urually takes place when Ultratech the neortgagor repays the nurtgage aunery CEMENT
there by getting a right to have the
The Engineer's Choice
property. This is known as right of redemption,
Kindey clogs Redemption 2015 (a) The mortgage may be totally deprived June
of his right of redeeming the mortgased property
(6) The terme of the mortgage neay give benefit to
the eartgagee & a correepending burden in the mortgager even after redemption by the newly agor This is clog on_redemption (a long term for redemption is not a clog but it should he weighed depending on the circumstance of each care if the length of the term y mortgage in opprecive & unreas mable then it is a clog redemptim (d) If the terme of the mortgage deed deprived the nortgagire right y redemptim after a certain period, than such restriction is a clos en redemption. (8) If the condition of mortgage postponed thisSaturday 6 redemptim for default of payment it is a clog on redemption (f) IJ a condition je stipulated presenting the nortgagor from alienating the properly, or taking a loon on the properly during the nortgage period, it is a clog on redemption () If the right of redemption is areailable Sunday 7 only to the mortgagor but not tohis heirs then it is a clog on redemptim (h) In case of default by the newt gasor to pay mortgage Mercy on a particular date the a there will on chanced
rate of interest on the mooisese nemmey. UltraTech
CONCRETE
This amount to clog on redemption WE MAKE GOOD CONCRETE BETTER