Author: acer
Last saved by: Pallavi Sarkar

RELEASE DEED

THIS INDENTURE made at this__________day of_________20___________
Between____________________,son of____________________resident of
___________________ (hereinafter referred to as the "Mortgagee") of the ONE PART And ____________________, son of____________________resident of____________________(hereinafter referred to as the "Mortgagee") of the, OTHER PART.
 
WHEREAS by an Agreement dated______________and registered in the office of Sub-Registrar of Assurances at________________under SI. No._______of____
 20_________the Mortgagor deposited title deeds relating to the piece or parcel of land,  described in the Schedule thereunder as also in the Schedule I hereunder written in consideration of the sum of Rs.____________paid by the Mortgagee to the Mortgagor and the Mortgagee was to hold the said title deeds as an equitable security for the repayment of Rs.__________________ and interest at the rate of ____________% p.a. by the Mortgagor to the Mortgagee;
 
AND WHEREAS the Mortgagor has paid to the Mortgagee interest from time to time due under the said equitable mortgage upto date
 
AND WHEREAS the Mortgagee has desired the Mortgagor to pay principal sum due to him as aforesaid, which the Mortgagor has agreed to pay subject to Mortgagee executing Release Deed as is hereinafter contained.
 
NOW THIS INDENTURE WITNESSETH THAT in consideration of____________________the sum of Rs._______________(Rupees.___________) to the Mortgagee by the Mortgagor in full and final payment on the equitable mortgage dated____________(the receipt whereof the said  Mortgagee doth hereby admit and acknowledge), the Mortgagee doth hereby release and discharge the title deeds and writing specified in the Schedule 11 hereto and also the piece or parcel of land described in the Schedule I hereunder written from the equitable security created thereon in respect thereof by the said mortgage dated the___________and from all claims, demands and rights in respect thereof or in any wise relating to and the said Mortgagee hereby covenant with the Mortgagor that he has not  done or knowingly suffered anything to be done whereby the said property or any part thereof may be encumbered.

IN WITNESS WHEREOF, the said Mortgagee has set his hands at_______________the day and year first hereinabove written

WITNESSES Signed and delivered by the within named:

1.

2. 

Receipt Received this_______________ day of_______________20__________
from the within named the sum of Rupees.____________________only being the full consideration money payable to me.

WITNESSES:								I say Received

1.								____________________

2.								Mortgagee

THE SCHEDULE I ABOVE REFERRED TO

THE SCHEDULE II ABOVE REFERRED TO