MEMORANDUM OF DEPOSIT OF TITLE DEEDS

ThisMemorandumofDepositofTitledeedsexecutedatChennaion this___dayof______, 20___, byMr.______, S/o Mr.______WhosePANis______, residing at ______. (hereinaftercalledthe “BORROWER”,whichtermshallwhereverthecontextmeanandincludehis/her heirs,executors,administrators,legalrepresentativeandpermittedassigns)

To and in Favour of

ICICIBankLimitedapubliccompanyincorporatedundertheCompaniesAct,1956andabankingcompanywithinthemeaningoftheBankingRegulationAct,1949,havingitsregisteredofficeatLandmark,RaceCourseCircle,Vadodara390007,corporateofficeatICICIBankTowers,BandraKurlaComplex,Mumbai400051andhavingamongothersabranchofficeat_Adyar Chennai – 20.(hereinaftercalledthe”LENDER” whichtermshallwhereverthecontextadmits,meanandincludeitssuccessorsandassigns)

WHEREASUPONrequestoftheBORROWER,LENDERhassanctionedaFacilityofRs.______/-moreparticularlydescribedinClause2ofScheduleAhereundertotheBORROWER(hereinafterreferredtoas “theFacility”)onconditionthattheFacilityshallbesecured,inter-alia,by wayof equitablemortgagebydepositoftitledeedsmoreparticularlydescribedinScheduleBhereunder(“TitleDeeds”)inrespectoftheBORROWERSimmoveableproperty moreparticularlydescribedinScheduleChereunder(“ImmoveableProperty”)fortheduerepayment,dischargeandredemptionbytheBORROWERoftheFacilitytogetherwithallinterest,liquidateddamages, premiaonprepayment,costs,charges,expensesandothermoniespayabletotheLENDER.

NOWTHISMEMORANDUMOFDEPOSITOFTITLEDEEDSWITNESSTHthatinconsiderationof thesaidFacility,theBORROWERhasdepositedtheTitleDeedson______2016atChennaiinrespectoftheImmoveableProperty withtheLENDER,tocreatemortgagebydepositoftitledeedsinaccordancewiththeprovisionsofSection58(f)oftheTransferofPropertyAct,1882infavouroftheLENDERforduerepaymentanddischargeofthesaidFacility.

TheBORROWERfurtherstatesthatthesaidTitleDeeds sodepositedaretheonlydocumentsoftitlerelatingthesaidImmovablePropertyinthepossession,powerandcontroloftheBORROWERandthattheBORROWERhasclearandmarketabletitletothesaidImmovableProperty.

Schedule A

  1. Addressoftheplacewheretitledeedsaredeposited:

ICICIBankbranch/zonal/regional/corporateoffice/otheraddress:

2/1 LB Road,Pushpa Complex, Adyar, Chennai – 600020.

2.

NatureofFacility / Amountofsecuredfacility (Rs. In Lacs) / Rankingofcharge
Exclusive/First/Second/Third/
Residuary

Schedule B

(ListofDocumentsofTitle, Evidences, Deedsandwritings deposited)

SlNo / Dateofdocument / Descriptionofdocument / Original/Certifiedcopy/photocopy
1 / Original
2 / Original
3 / Original

ScheduleC

(DescriptionoftheProperty)

(Refer your Sale Deed)

WITNESS BORROWER

1.

2.

Dated this__ dayof ______20___.