Bank - Letter evidencing Deposit of Title Deeds

LETTER EVIDENCING DEPOSIT OF TITLE DEEDS

From ..............................................

To ..................................................


Dear Sir,

Sub : Credit limits sanctioned / to be sanctioned to ------------- at ------------Main ( ) upto a limit of Rs. Twenty Lacs only.

This is to place on record that to secure the credit facilities granted / to be granted to me ...........................(Name of the borrower) at your branch ......................Main branch. I have already deposited with your ..................Main Branch (Notified branch) on ....................(Date of deposit) the title deeds described in Schedule ‘A’ hereto annexed with intent to creat security by way of equitable mortage by deposit of title deeds within the meaning of section 58(f) of the Transfer of Property Act, 1882 in favour of Canara Bank in respect of immovable properties fully described in Schedule ‘B’ hereto annexed together with all buildings, structures, fixtures, fittings, machineries standing / installed thereon and to be erected / installed and put up in future to secure the repayment of the credit facilities due and owing by me ........................to .................. Bank inclusive of renewals thereof from time to time and / or any other monies in any other account standing in my / our individual account or jointly with any other or others thaty may become due and payable from time to time by me ........................... to .....................Bank and / or any liability arising out of the aforesaid facilities granted and that may be granted by your ................... main branch in that behalf and payable by me ............................to .................... Bank as also such other and further limits, upto a maximum limit of Rs. 20,00,000 (Rupees Twenty Lacs only) of principal and also to secure the interest, costs, charges and expenses thereon.
Yours faithfully,

Place :

Date :
MORTGAGOR.

Enclosure : Schedule ‘ A’ and ‘B’ referred to above.