MEMORANDUM BY PARTIES RECORDING EQUITABLE MORTGAGE

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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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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.

TRANSFER OF MORTGAGE

This is a precedent of a Transfer of Mortgage where the Mortgagee is transferee to another Mortgagee.

INDENTURE OF SECOND MORTGAGE

This is a precedent of an Indenture of Second Mortgage. The First Mortgage has priority over the Second Mortgage.

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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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.

DEED OF MORTGAGE BY CONDITIONAL SALE

This is a precedent of Deed of Mortgage by Conditional Sale where there occurs an ostensible sale, which is converted into absolute sale in the event that the Seller/Mortgagor is unable to repay the loan/Mortgage Debt to the Purchaser/Mortgagee.

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