::2::

(Hereinafter referred to as the “VENDEE/BUYER/SECOND PARTY” which expression shall

and include all his heirs, agents, agents, attorneys, executors, representatives, administrators,
successors, assignees etc.)

All that the Residential House bearing door no.44-22-28/1, Municipal Assessment New
No.5881/332/B-RU (Old No.5881/415-RU) admeasuring 160.0 square yards or 133.77 Square
Meters, located at Soubagya Nagar Colony, Bapathu Koritepadu Village, Guntur Municipal
Corporation, Guntur Sub-Division, Guntur District, Andhra Pradesh. (Hereinafter referred to as
“Scheduled Property”).
NOW THIS AGREEMENT OF SALE WITNESSETH AS UNDER:

1. WHEREAS, both parties agreed that the ‘First Party/Vendor’ has offered and agreed to
sell the Residential House bearing door no.44-22-28/1, Municipal Assessment New
No.5881/332/B-RU (Old No.5881/415-RU) admeasuring 160.0 square yards or 133.77
Square Meters, located at Soubagya Nagar Colony, Bapathu Koritepadu Village, Guntur
Municipal Corporation, Guntur Sub-Division, Guntur District, Andhra Pradesh State
(Hereinafter referred to as “Scheduled Property) to the ‘Second Party/Vendee’ for a total
Sale Consideration ₹75,00,000/- (Rupees Seventy Five Lakhs Only).

2. WHEREAS, both parties agreed that the ‘Second Party/Vendee’ agreed to buy the said
‘Schedule Property’ which is under Hypothecation with the HDFC Bank Ltd., Raj
Bhavan Road Branch, Hyderabad after settling the hypothecated loan amount by the
‘First Party/Vendor’.

3. WHEREAS, both parties agreed that the ‘Second Party/Vendee’ has agreed to pay the
above said sale consideration as per below:

(a) The ‘First Party/Vendor’ agreed to adjust the existing Principal Loan Amount of ₹7,70,000/-
(Rupees Seven Lakhs and Seventy thousand only) vide Promissory Note executed to the
‘Second Party/Vendee’ on 12-09-2022, vide Promissory Note executed on 12-09-2022 of
₹7,70,000/- (Rupees Seven Lakhs and Seventy thousand only), and vide Promissory Note
executed on 01-04-2022 of ₹9,00,000/-(Rupees Nine Lakhs thousand only).
contd…3.

::3::

Total Promissory Notes executed Amount of ₹24,40,000/-(Rupees Twenty Four Lakhs and
Forty thousand only) plus Interest @ ₹1=50 paisa totaling of ₹5,79,900/- as on 15-11-
 2023. The total Principal Loan Amount plus Interest (as on 15-11-2023) of ₹30,19,900/-
shall be deducted from the total sale consideration amount.

(b) The ‘Second Party/Vendee’ agreed to settle the said Scheduled Property’s hypothecated loan
amount due to the bank as on 15-07-2023 of ₹27,50,789/-.

(c) The 'Second Party/Vendee' agreed to pay the 'First Party/Vendor' the balance sale
consideration after deducting the interest amount including the interest on Principal Loan
Amount against the Promissory Notes and the Bank Hypothecated total Loan Amount on the
date of settlement at the time of executing the "Sale Deed" before the competent authority.

4. WHEREAS, the ‘First Party/Vendor’ agreed, admitted and confirmed that he is the absolute
owner of the ‘Scheduled Property’, hereby agreed to sell and that no other persons/s having any
right, title, share, claim, interest etc., of any nature whatsoever in and over the same.

5. WHEREAS, the ‘First Party/Vendor’ hereby conveys, transfer and assign unto the entire
‘Scheduled Property’ to the ‘Second Party/Vendor’ “To Have and To Hold” the same absolutely
forever together with all rights, claims, easements, liberties and privileges etc.

6. WHEREAS, the ‘First Party/Vendor’ in pursuance to the above conveyance has agreed to deliver
the ‘Scheduled Property’ in physically and peaceful possession to the ‘Second Party/Vendee’ for
their enjoyment without any hindrance or obstructions, whatsoever from anybody.

7. WHEREAS, the ‘First Party/Vendor’ agreed to hand-over the Link Documents, Title Deed
relating to the ‘Scheduled Property’ to the ‘Second Party/Vendee’ at the time of executing the
‘Sale Deed’ before the competent authority. The ‘First Party/Vendor’ hereby agreed to cooperate
with the ‘Second Party/Vendee’ to get the Title Deed of the said property changed in the name of
the ‘Second Party/Vendee’.

8. WHEREAS, the ‘First Party/Vendor’ hereby conveyed to the ‘Second Party/Vendee’ that the
‘Scheduled Property’ is free from all Public and Private Encumbrances and the same is not the
subject matter of any prior Sale, Agreement, Gifts, Liens, Mortgages (except the mortgage with
the bank), Court Attachment, Property Tax, Electricity Bills etc.
contd..4.
::4::
9. WHEREAS, the ‘First Party/Vendor’ hereby indemnifying to the ‘Second Party/Vendee’ of all
such losses and damages if any arises due to disorder of Title of the ‘Scheduled Property’.

10. WHEREAS, the ‘First Party/Vendor’ hereby declared that he / she is capable and empowered to
carry the Title, Ownership and all rights over the ‘Scheduled Property’ in favour of the ‘Second
Party/Vendee’.

11. WHEREAS, the ‘First Party/Vendor’ herewith endeavor to indemnify and keep indemnified the
‘Second Party/Vendee’ from all the liabilities because of defect within the Title found at any time
or otherwise on account of any claims and litigations by third parties.
 12. WHEREAS, the ‘First Party/Vendor’ agreed to support and cooperate with the ‘Second
Party/Vendee’ for obtaining mutated their name altogether the involved records relating to the
‘Scheduled Property’ at the ‘Second Party/Vendee’ cost.

13. WHEREAS, the ‘First Party/Vendor’ agreed and declares in future neither himself nor his/her
heirs nor representatives shall have right or claim or concern whatsoever the ‘Schedule Property’
conveyed to the ‘Second Party/Vendee’.

14. WHEREAS, the ‘First Party/Vendor’ agreed that in case the ‘Second Party/Vendee’ is deprived
of whole or part of the ‘Scheduled Property’, the ‘First Party/Vendor’ shall indemnify, reimburse
and compensate the ‘Second Party/Vendee’ to the extent of the loss caused and as assessed by the
‘Second Party/Vendee’.

15. WHEREAS, the ‘First Party/Vendor’ agreed to repay the given advances or adjusted amounts/s
under any circumstances the ‘Scheduled Property’ involved in any litigation identified in Bank
Mortgage Loan process or verification abided to banking approval process.

16. WHEREAS, the ‘First Party/Vendor’ agreed to execute and register the ‘Sale Deed’ in favour of
the ‘Second Party/Vendee’ or their nominee’s or representatives as and when called upon to do so
by the ‘Second Party/Vendee’ or his/her/their nominees only after receiving the remaining sale
consideration.

17. WHEREAS, both parties agreed that the ‘stamp duty’ and ‘registration charges’ for the due
execution and registration of the ‘Sale Deed’ shall be borne by the ‘Second Party/Vendee’.

18. WHEREAS, the ‘First Party/Vendor’ declared that the ‘Schedule Property’ is not an assigned
land as defined under the Andhra Pradesh Assigned Lands (Prohibition of Transfers) Act as
such the same has got marketable title. Contd..5.

::5::

SCHEDULED PROPERTY
All that the Residential House bearing door no.44-22-28/1, Municipal Assessment New No.5881/332/B-
RU (Old No.5881/415-RU) admeasuring 160.0 square yards or 133.77 Square Meters, located at
Soubagya Nagar Colony, Bapathu Koritepadu Village, Guntur Municipal Corporation, Guntur Sub-
Division, Guntur District, Andhra Pradesh State (Hereinafter referred to as “Scheduled Property)

BOUNDARIES FOR RESIDENTIAL HOUSE

EAST : Suryadevara Sri Ramulu gari Haddu - House

SOUTH : T. Nageshwara Rao gari Haddu - 36’ feet

WEST : Ch. Prabhakara Rao gari Haddu - 40’ Open Plot

NORTH : Road - 25’ feet

IN WITNESS WHEREOF the ‘First Party/Vendor’ herein set his/her/their hands and signed on this deed
of sale with free will and consent on this 15th November, 2023 in the presence of the following witnesses:

WITNESSES:

FIRST PARTY/VENDOR
1

SECOND PARTY/VENDOR
2