FORM No. 7
Form of Reconveyance for House Building Advance
[vide Rule 8 (d)]
THIS DEED OF RECONVEYANCE IS MADE THIS ………… day of ………..
20………, BETWEEN THIS PRESIDENT OF INDIA
(hereinafter called the
Mortgagee which expression shall unless excluded by or repugnant to the
subject or context include his successors in office and assigns) of the
one part and ……................… of .......................................(Govt. of
India) (hereinafter
called the Mortgagor which expression shall unless
excluded by or repugnant to the subject or context include his/her heirs,
executors, administrators and assigns) of the other part.
WHEREAS by an indenture of mortgage, dated the …….. Day of
........20...... and made BETWEEN the Mortgagor of the one part of the
Mortgagee of the other part and registered at
……………….. in Book
……..volume
……..pages
…….to
……….as
No………………
for
……….…..(
hereinafter called the PRINCIPLE INDENTURE). The Mortgagor by the
said
Principal
Indenture
mortgaged the property at
…………...........
......................….and more particularly
described
in the Schedule
hereunder written to the Mortgagee to secure an advance of Rs.
……………..made by the Mortgagee to the Mortgagor.
AND WHEREAS ALL MONEYS due and owing to the security of the
PRINCIPAL INDENTURE have been fully paid and satisfied and the
Mortgagee has accordingly at the request of the Mortgagor agreed to
execute reconveyance of the Mortgaged premises
as is
hereinafter
contained, Now
THIS INDENTURE WITNESSETH
that in pursuance
of the
said
agreement
and
consideration
of
the
premises
the
Mortgagee both hereby grant, assign and reconvey into the Mortgagor,
ALL THAT THE piece of land situated at ………....................………………and
comprised in t he said Principal Indenture
and
more
particularly
described
in
the
Schedule hereunder
written
with
their
rights,
easements
and appurtenances as in
PRINCIPAL
INDENTURE