Mortgage English

SIMPLE MORTGAGE DEED

This deed of mortgage executed on this _______ Day Of {{ \Carbon\Carbon::parse($mortgage->created_at)->format('F Y') }} by:

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in favourof

Jana Small Finance Bank Limited. (Formerly Known as Jana lakshmi Financial Services ltd) a Company registered under the Companies Act, 1956 and licensed under Ranking Regulation Act. 1949 to carry on the Small Finance Banking Business in India and having registered office at Fairway Business Park No.10/1, 11/2 & 12/2B. off Domlur, Koramangala Inner Ring Road, Next to Embassy Golf Links, Challaghatta, Bengaluru- 560071 and one amongbranchsituated at - 1" floor, shop no. 1-2, Gajanand Complex. Near ZadeshwarChokadi, Bharuch, 392001. Ilereirtaller to selected to as Mortgagee (which expression shall wherever the context so requires or admits, mean and include its attorney, Successors in interest. administrators and assigns).

WHEREAS the Mortgagor/s is/are the absolute Dances of the properties/described in schedule - I, (Schedule property/Mortgaged Property) hereunder and is/are in actual possession and enjoyment.

WHEREAS the mortgagor/s, has/have approached the mortgagee for financial assistance to the extent of HomeLoanof RS. @if ($paymentExists) {{ $payment->amount ?? 'N/A' }} /- ({{ $amountInWords }}) Only @else No payment record found. @endif for the said purpose, and WI IEREAS the mortgagee under the Loan agreement/Financial document has agreed to advance/Granted a sum of Home Loan of RS. @if ($paymentExists) {{ $payment->amount ?? 'N/A'}} /- ({{ $amountInWords }}) Only @else No payment record found. @endiffor an interest rate of 10.5% per annum. compounded at monthly rests from the date of grant of loan provided the mortgagor/s executes/execute a simple mortgage of the schedule properly, as a security in favour of the mortgagee, for the due repayment of the amounts. with interest /overdue interest. costs, charges, expenses incidental and other charges including insurance premium. if any, paid, that are levied or may be levied in future by the mortgagee. Further in the event of default in payment ninny one Equated Monthly Installment or in regularizing or in clearing the account as per the terms agreed up on, the mortgagor undertakes to pay additional interest at a rate in terms of the loan agreement, over and above the rate of interest charged on the loan from the date of such default till regularizing or clearing the account in full as the case may be.

WHEREAS the mortgagor is aware that he/she shall be liable to pay interest as may be charged in the account. at the absolute discretion of the mortgagee, a prior issue of notice regarding this is expressly waived by the mortgagor and such interest is to be compounded monthly and the mortgagor has agreed to the same.

NOW THIS DEED WITNESSETH AS FOLLOWS:

In consideration of the mortgagee advancing a Home Loan of 16,68,000/- Rupees Sixteen Lacs Sixty Eight ThousandOnly for the mortgagor/s hereby transfer of simple Mortgage all the Properties described in the schedule hereunder written with intent that the same sill remain charged as security for the said loan of Home loan of RS. @if ($paymentExists) {{ $payment->amount ?? 'N/A'}} /- ({{ $amountInWords }}) Only @else No payment record found. @endiffor an interest and applicable charges as stated above under the loan agreement/financial documents.

The mortgagor/s hereby agrees to repay to the mortgagee the liability in terms of this deed in 300 equated monthly installments as per schedule — provided in the Loan agreement/sanction letter Dated-23/02/2024

In case of default in repayment of any one equated monthly installment on the due date there of the whole of the balance amount then remaining outstanding, including, interests, costs, charges. expenses. etc., become repayable to the mortgagee at once notwithstanding the terms and conditions referred to in clause No. II above, on the exclusive charge of the schedule property with developments made to be made thereon from time to time. Consequently, the mortgagee shall be entitled to cause the mortgaged property to be sold by taking legal proceedings and in the event of the sale proceeds being insufficient to completely discharge the mortgage money due from the mortgagor/s, the mortgage/s agree to be personally liable to pay the balance remaining due for any sum accruing due from the mortgagor's under this deed. It is also hereby agreed by the mortgagor/s that the mortgagee shall be entitled to recover the same by attachment and sale of any other property of the mortgagor/s moveable or immovable. wherever situated in respect of such balance or dues to the mortgagee.

During the continuance of the mortgage created hereby the mortgagor's undertakes/undertake to use the schedule property hereto in a like manner for their own purpose, maintain it properly and shall utilise the monies advanced hereto by the mortgagee for the purpose for which it is granted by the mortgagee The mortgagor undertakes to pay the rates, taxes or assessments existing and enhanced from time to time that is or any he payable in respect of the schedule property, charges and other outgoings to the respective authorities. In the event of the mortgagee shallbepaying any of the rates or duties. other monies the mortgagee shall be entitled to recover the said amounts with interest at the rate mentioned supra and on the first charge of the schedule property.

The mortgagor's hereby covenants/covenant that during the subsistence of mortgage. she/he/they shall not alienate or create any encumbrances on the schedule property or any part thereof as to prejudice or jeopardize the rights, remedies or interest of the mortgagee.

The mortgagor/s undertakes/undertake the she/he/they shall not destroy or commit damage or any act of waste and thereby diminish the value and utility of the security herein created in favour of the mortgagee.

The mortgagor/s hereby assures/assure that the schedule mortgaged property is free from all or any encumbrances and that the mortgagor/s has rights to convey the same by way of mortgage un to the said mortgagee. The mortgagor/s has/have also delivered the title deeds of the schedule property, more particularly described in the schedule to the mortgagee.

The mortgagor/s agree/s to insure at her/his/their costs, the buildings standing on the schedule property in the name of the mortgagee, the said building/s against loss or damage by fire, earthquake. or any other calamity natural or otherwise and keep such insurance in force until all documents due to the mortgagee are paid in fall. The mortgagor/s further covenants that if any time she/he/they fail to pay the premium, charges, etc, to be incurred for protecting the property hereby given as security, the mortgagee is hereby empowered that without any obligation on the mortgagor’s accounts and the mortgagor/s hereby undertake/ undertakes to pay all such amounts on demand by the mortgagee.

The Security afforded by these presents shall remain in full force and effect until all the sums due to the mortgagee by the mortgagor under terms of this deed, either by way of this loan or otherwise are fully paid and discharged to the satisfaction of the mortgagee and only thereafter mortgagee shall bound to recovery the said premises to mortgagor at her/his expense.

The mortgagor/s hereby accepts/accept as final the outstanding liabilities or as disclosed in the mortgagee’s account books kept in the ordinary course of business.

In witness whereof the mortgagor/s herein set his/their hand/s this 5^th April 2024

SCHEDULE-I

Description of the property with buildings:

Location and Address

Area of the Property(Extent of land & building)

Year of construction in case of building

Municipal/ Corporation Number

Nearest Landmark

All the piece mid parcel of Immovable Property being {{ $mortgage->propertyDetails[0]->taluka->name }}, Sub-Dist. Bharuch Moje-{{ $mortgage->propertyDetails[0]->villageCity->name }}, R.S.No-309 As Per Approved Plan Plot No-{{ $mortgage->propertyDetails[0]->plot_no }} Floor {{ $mortgage->propertyDetails[0]->floor_id }} Flat No- {{ $mortgage->propertyDetails[0]->unit_property_serial_no }}Super Built Up-{{ $mortgage->propertyDetails[0]->build_up_area }} Sq.Mtr. Undivided Share Of Land -{{ $mortgage->propertyDetails[0]->total_sellabe_area_of_land }} Sq.Mtr.
@if (!empty($mortgage->propertyDetails) && count($mortgage->propertyDetails) > 0)
East      : {{ $mortgage->propertyDetails[0]->east_boundary }}

West    : {{ $mortgage->propertyDetails[0]->west_boundary }}

North   : {{ $mortgage->propertyDetails[0]->north_boundary }}

South   : {{ $mortgage->propertyDetails[0]->south_boundary }}
@else
No property details available.
@endif
Boundaries are as under:-
@if (!empty($mortgage->propertyDetails) && count($mortgage->propertyDetails) > 0)
East: {{ $mortgage->propertyDetails[0]->east_boundary }}

West: {{ $mortgage->propertyDetails[0]->west_boundary }}

North: {{ $mortgage->propertyDetails[0]->north_boundary }}

South: {{ $mortgage->propertyDetails[0]->south_boundary }}

@else
No property details available.
@endif
Moje-{{ $mortgage->propertyDetails[0]->villageCity->name }}, R.S.No-309 As Per Approved Plan Sub Plot No-{{ $mortgage->propertyDetails[0]->plot_no }} Paiki Plot No-{{ $mortgage->propertyDetails[0]->plot_no }} “{{ $mortgage->propertyDetails[0]->society_building_name }}” AA-1 Type Block No-{{ $mortgage->propertyDetails[0]->plot_no }} “B” Tower 1^st Floor Flat No-{{ $mortgage->propertyDetails[0]->unit_property_serial_no }}

{{ $mortgage->propertyDetails[0]->taluka->name }}, Sub-Dist. {{ $mortgage->propertyDetails[0]->taluka->name }} Moje-{{ $mortgage->propertyDetails[0]->village_city_id }}, R.S.No-309 As Per Approved Plan Sub Plot No-B Paiki Plot No-102/B “{{ $mortgage->propertyDetails[0]->society_building_name }}” AA-1 Type Block No-2 “B” Tower 1^st Floor {{ $mortgage->propertyDetails[0]->floor_id }} Flat No-{{ $mortgage->propertyDetails[0]->unit_property_serial_no }}

SCHEDULE-II

Loan Facility Details:- Home Loan of RS. @if ($paymentExists) {{ $payment->amount }} /- ({{ $amountInWords }}) Only @else No payment record found. @endif.

Sign & delivered by the within Name of Mortgagor

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......................................................................

{{ isset($party['full_name']) ? $party['full_name'] : 'N/A' }}

@endif @endforeach
Witness:-

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