Deed Of Release Of Mortgaged Property Deed Format

Deed Of Release Of Mortgaged Property

Deed Of Release Of Mortgaged Property Deed Format

This deed of release made this ………………. day of ……………… 2000 between CD son of …………………….  residing at …………… hereinafter called the RELEASOR of the one part and AB son of ……………. residing at …………. hereinafter called the RELEASEE of the other part.

WHEREAS by a deed of simple mortgage dated the …………. day of ……………. made between the parties hereto and registered in the office of Sub-Registrar of ……………. in Book I, vol. …….., page ……….. to ………….. being No. …………. for the year……………. the properties described in the Schedule hereto were mortgaged by AB to CD to secure the repayment of the sum of Rs. …….. lent and advanced by CD to AB with interest thereon at the rate of ……… per cent per annum and WHEREAS the said AB has paid to the said CD a sum of Rs. ……. in full satisfaction of all the dues of the said CD under the said deed inclusive of interest and costs. Now this deed of release WITNESSES that in consideration of the sum of Rs. ………. being the principal sum, interest and costs due under the said deed having been paid by AB to CD (the receipt whereof the said CD does hereby admit, acknowledge and confirm the said CD does hereby release, discharge and reassure the properties described in the Schedule hereto from all principal moneys, interest, costs, claims and demands secured by the said deed of mortgage and the said CD hereby covenants with the said AB that the said CD has not done, executed or performed or knowing suffered to the contrary or been a party or privy to any act, deed or thing whereby or by reason or means whereof the said properties or any one or part thereof is, are or may be affected or prejudiced in title or estate in any way whatsoever or that the said CD may be hindered or prevented from releasing and reassuring the same in the manner hereinbefore indicated.

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The Schedule above referred to

In witness whereof the parties herein have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by

 CD the  RELEASOR in  the  presence  of:

Signed, sealed and delivered by

AB the RELEASEE  in  the  presence  of:

Memo of Consideration

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