Mortgage Deed

MORTGAGE DEED This Mortgage Deed is executed on [execution_date] by [mortgagor_name], residing at [mortgagor_address] (hereinafter "the Mortgagor"), in favour of [mortgagee_name], residing at [mortgagee_address] (hereinafter "the Mortgagee"). WHEREAS the Mortgagee has agreed to lend Rs. [loan_amount] to the Mortgagor, and the Mortgagor has agreed to mortgage the property described below as security for repayment. PROPERTY MORTGAGED [property_description] 1. LOAN AND INTEREST The Mortgagee has advanced Rs. [loan_amount] to the Mortgagor at an annual interest rate of [interest_rate]%, repayable over [repayment_period_months] months. 2. SECURITY As security for repayment of the above loan with interest, the Mortgagor hereby mortgages the property described above to the Mortgagee. 3. REDEMPTION Upon full repayment of the loan and interest, the Mortgagee shall release the mortgage and reconvey the property free of encumbrance created by this Deed. 4. DEFAULT In the event of default, the Mortgagee shall be entitled to enforce the security through the lawful means available under the Transfer of Property Act, 1882. IN WITNESS WHEREOF the parties have executed this Deed on the date first written above. MORTGAGOR MORTGAGEE [mortgagor_name] [mortgagee_name]