DEED OF SIMPLE MORTGAGE

(Mortgage without Possession)

LOAN AMOUNT – RS. 8,00,000/-

STAMP DUTY PAID- RS. ________/-
THIS DEED OF SIMPLE MORTGAGE IS MADE AT HIMAYATNAGAR ON
THIS 11th DAY OF DECEMBER 2023, BY

Mr. Raju Adelu Gaddamwar, Aged 41 Years, Occupation: Business PAN No. DECP-
K0742A Residing at GPH No 391, Siranjani Gram Panchayat Siranjani, Tq Himayatnagar
Dist. Nanded, Pin Code No. 431802 (hereinafter referred to as “the said MORTGAGOR/
BORROWER” which term shall be deemed to mean and include his/its legal representa-
tive, successors-in- interest and assignees and Power of Attorney Holder…..) FIRST PART

Mrs. Sunita Raju Gaddamwar, Aged___ Years, Occupation: Housewife Aadhar No –

__________, Residing at GPH No 391, Siranjani Gram Panchayat Siranjani, Tq Himayatnagar
Dist. Nanded, Pin Code No._431802, (hereinafter referred to as “the said CO-BOR-
ROWER/GUARENTOR” which term shall be deemed to mean and include his/its legal
representative, successors-in- interest and assignees and Power of Attorney Holder…..)
FIRST PART

Smt. Shobhabai Adelu Gaddamwar, Aged 57Years, Occupation: Housewife Aadhar No –

544044728980, Residing at GPH No 391, Siranjani Gram Panchayat Siranjani, Tq Himay-
atnagar Dist. Nanded, Pin Code No._431802, (hereinafter referred to as “the said CO-BOR-
ROWER/GUARENTOR” which term shall be deemed to mean and include his/its legal
representative, successors-in- interest and assignees and Power of Attorney Holder…..)
FIRST PART

IN FAVOUR OF

M/s CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CIFCL) a

Finance company incorporated under the companies Act, 1956 and carrying on the

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finance business under the Banking Regulation Act, 1949 and having its registered
office at ‘Chola Crest’, C 54 & 55, Super B-4, Thiru Vi Ka Industrial Estate, Guindy, Chennai –
600032., India , and among others, having one of its their Branch Nanded office at Plot no
22, second floor, Behind Sailani Palace, Anna Bhanu Sathe Chowk, Near Datta Mandir,
Nanded (MH) 431602.hereinafter called the MORTGAGEE; which term unless the
context otherwise requires includes its successors and assigns from time to time of the
SECOND PART.

Loan Amount of Rs. 8,00,000/-

(Rupees Eight Lacks Only)

(1) Mortgagor is the absolute owner of property land admeasuring 146.37 Sq.
Mtrs, Gram Panchayat Property/House, No 391 and of Mouza- Siranjani
Situated at Village Siranjani, Tah Himayatnagar Dist. Nanded, and hereunder
written;

(2) The Mortgagors is being in need of money against the Schedule mentioned
property requested the Mortgagee to lend him a sum of which the mortgagee
has agreed to give on the Mortgagors executing these presents with a view to
secure the repayment thereof with interest as hereinafter provided.

(3) AND WHEREAS the Mortgagor/Borrower/Co-Borrower has self acquired by

means of Registered Gift Deed, Vide doc. Bearing Sr. No. 1291/2023, dated
04/12/2023 which are registered in the Sub-registrar office Himayatnagar,
within the capacity of the guarantor/ Surety

NOW THIS DEED WITNESSETH that pursuant to the said agreement and in
consideration of the sum of Rs. 1200000/- (Rupees Twelve Lac Only) lent and
advanced by the Mortgagee to the Mortgagors on the execution of these presents

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(receipt whereof the Mortgagor/Borrower/Co-Borrower doth hereby admit) they, the
Mortgagor/Borrower/Co-Borrower, hereby covenants with the Mortgagee that they
will pay to the mortgagee the said sum of Rs. 800000/- (Rupees Eight Lac Only) as
agreed, AND it is agreed and declared that in the event of the Mortgagors committing
default in repayment of loan amount with interest as agreed or committing breach of
any other term of the deed, the whole amount of principal then due with interest
thereon will at the option of the mortgagee become payable forthwith as if the said
due date had expires.
AND THIS DEED FURTHER WITNESSETH that the Mortgagor/Borrower/Co-Borrower,
doth hereby mortgage that piece and parcel of land admeasuring 146.37 Sq. Mtrs, Gram
Panchayat Property/House, No 391 and of Mouza- Siranjani Situated at Village Siranjani, Tah
Himayatnagar Dist. Nanded, and described in the schedule hereunder written as a
security for repayment of the said sum with interest and all other moneys due and
payable hereunder with a condition that on the Mortgagors repaying the said
principle sum of Rs. 800000/- (Rupees Eight Lac Only) with all interest and other
moneys due to the mortgagee the mortgagee will redeem the said land premises from
the mortgage security and shall if so required by the Mortgagor/Borrower/Co-Borrower
execute a deed of re-conveyance but at the costs of the Mortgagor/Borrower/Co-
Borrower.
And it is further agreed and declared by the Mortgagor/ Mortgagors/Borrower/Co-
Borrower that in the event of the Mortgagor/ Mortgagors/Borrower/Co-Borrower
failing to pay the said principal sum with all interest and other moneys when the same
shall become due and payable under these presents, the mortgagee exercise his right
over the mortgaged property as per the terms & Conditions of the loan agreement.

And it is further agreed and declared by the Mortgagor/ Mortgagors/Borrower/Co-

Borrower that he shall also be liable to pay and shall pay all the costs, charges and
expenses that the mortgagee will incur for the protection of the mortgage security and

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or for the realization of the mortgage amount and the same shall be deemed to form
part of that mortgage amount and the security therefore as aforesaid.
And it is further agreed that during pendency of the security hereby created and until
repayment of the mortgage amount, the Mortgagor/ Mortgagors/Borrower/Co-
Borrower will get insured and keep insured the buildings and structures standing on
the said land against loss and damages due to fire or any other accident. Which sum
insurance company of repute and pay all premium only the insurance policy as on
when it becomes due and payable in respect thereof to such company and shall hand
over the policy to the mortgagee duly endorse in his name as assignee and in the event
of the Mortgagor/Mortgagors/Borrower/Co-Borrower failing to do so or to pay the
premium, the mortgagee will be entitled to insure the said building and structures and
/ or to pay the premium there on and the amount paid by the mortgagee in respect
thereof will be deemed to form part of the mortgage amount.

And it is further agreed that in the event of the said land and premises being
destroyed or damaged by fire or any accident as aforesaid, the mortgagee will be
entitled to receive the insurance claim under such policy to the exclusion to the
Mortgagor/ Mortgagors/Borrower/Co-Borrower and to appropriate to the same first
towards all arrears of interest and then the principal amount of any part thereof and
may be sufficient to pay the mortgage amount due and if any surplus remains the
same only will become payable to Mortgagors.

And it is specifically agreed that the Mortgagor/Mortgagors/Borrower/Co-Borrower

should not sell the schedule property mortgaged herein to any third party and shall
not create any other charge on this property without obtaining No Objection
Certificate of mortgagee.

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 SCHEDULE OF THE PROPERTY
Immovable property i.e. All that piece and parcel of land admeasuring 146.37 Sq. Mtrs
(1575 Sq. Fits) bearing Gram Panchayat Property/House, No 391 and propose construc-
tion of house thereupon, of Mouza- Siranjani Situated at Village Siranjani, within the
limit of Gram Panchayat Siranjani Tah Himayatnagar Dist. Nanded with bounded as un-
der :-

On the East : Property of Pandurang Madha Vasudev

On the West : Property of Madhav Dharma Gaddamwar
On the North : Road
On the South : Property of Dharma Jalba Gaddamwar
IN WITNESS WHERE OFF the Mortgagor have signed this deed the day and year first
hereunder written.

___________________
MR. RAJU ADELU GADDAMWAR
(The said MORTGAGOR/ BORROWER)

___________________
MRS. SUNITA RAJU GADDAMWAR
( The said CO-BORROWER/GURANTOR)

___________________
SMT. SHOBHABAI ADELU GADDAMWAR

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 ( The said CO-BORROWER/GURANTOR)

WITNESSES:

1. ________________________

2.______________________________

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