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INDENTURE OF SECOND MORTGAGE
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This is a precedent of an Indenture of Second Mortgage. The First Mortgage has priority over the Second Mortgage.
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RELEASE OF MORTGAGE
This is a precedent of a Release of Mortgage where the Mortgagor has paid to the Mortgagee the mortgage debt under the Mortgage Deed and Mortgagee releases the mortgaged property from the charge of Mortgagee.
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DEED OF SIMPLE MORTGAGE
This is a precedent of Deed of Simple Mortgage. The Simple Mortgage gives full right to cause the property to be sold through a court of law and recover Mortgage debt if Mortgagor fails to pay the Mortgage Debt to the Mortgagee.
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DEED OF HYPOTHECATION
This is a precedent of Deed of Hypothecation of movables.
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MEMORANDUM BY PARTIES RECORDING EQUITABLE MORTGAGE
This is a precedent of Memorandum by parties recording equitable Mortgage. Equitable Mortgage is a normally executed with an intent to create a mortgage by deposit of title deeds of the property as a security to secure the Mortgage Debt.
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DEED OF ENGLISH MORTGAGE
This is a precedent of English Mortgage where the Mortgagor binds himself to repay the mortgage money on a certain date and transfers the mortgaged property absolutely to the mortgagee but subject to a proviso that the Mortgagee will retransfer it to the mortgagor upon payment of the mortgage money/debt.
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SUIT FOR FORECLOSURE OF MORTGAGE
The Defendants have availed financial facility from the Plaintiff against the Mortgage of their property. The Defendants have failed to pay the mortgage debt to the Plaintiff. The Defendants have failed to redeem the Mortgage. The Plaintiff claims to be entitled to foreclosure the mortgage and become the Owner of the mortgaged property. This is the precedent of a suit for foreclosure of mortgage.
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MEMORANDUM OF ENTRY RECORDING CREATION OF EQUITABLE MORTGAGE
This is a precedent of a Memorandum of Entry Recording Creation of Equitable Mortgage. Equitable Mortgage is a normally executed with an intent to create a mortgage by deposit of title deeds of the property as a security to secure the Mortgage Debt.
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CONVEYANCE OF AN IMMOVABLE PROPERTY IN FAVOUR OF THE MORTGAGEE
The property is already mortgaged to the Mortgagee. The Vendor/Mortgagor is unable to redeem the mortgage by paying mortgage debt to the Mortgagee. Hence, decides to sell the property to the Mortgagee. This is the precedent of Conveyance of an immovable property in favour of the Mortgagee.
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DEED OF USUFRUCTARY MORTGAGE
This is a precedent of a Deed of Usufructuary Mortgage where the mortgagor delivers the possession and right to enjoy an income of and from the property to the Mortgagee.
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DEED OF RECONVEYANCE OF MORTGAGED PROPERTY
This is a precedent of a Deed of Re-conveyance of Mortgaged Property where the Mortgagor has repaid the mortgage debt to the Mortgagee and Mortgagee executes into the Deed of Re-conveyance of Mortgaged property.
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CONVEYANCE OF IMMOVABLE PROPERTY SUBJECT TO EXISTING MORTGAGE
The property is already mortgaged. The Vendor is unable to redeem the mortgage. However, the Purchaser is willing to buy the property subject to existing mortgage. This is the precedent of Conveyance of an immovable property in favour of the Purchasers who is willing to buy subject to the existing mortgage.
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SUIT FOR REDEMPTION OF MORTGAGE
The property is mortgaged. The Mortgagor desires to redeem the mortgaged property through Court. This is a precedent of suit for Redemption of Mortgage.
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