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Declaration Cum Undertaking

This document is a declaration and undertaking by borrowers regarding a loan disbursement letter from PNB Housing Finance Limited. It states that the borrowers are depositing original title deeds of their property with PNBHFL to create an equitable mortgage as security for the housing loan. The borrowers agree to pay any applicable stamp duty or registration charges for the mortgage and indemnify PNBHFL from any costs associated with creating the mortgage. Schedules I, II, and III provide details of the borrowers, property being mortgaged, and list of title deeds respectively.

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Mritunjai Singh
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5K views4 pages

Declaration Cum Undertaking

This document is a declaration and undertaking by borrowers regarding a loan disbursement letter from PNB Housing Finance Limited. It states that the borrowers are depositing original title deeds of their property with PNBHFL to create an equitable mortgage as security for the housing loan. The borrowers agree to pay any applicable stamp duty or registration charges for the mortgage and indemnify PNBHFL from any costs associated with creating the mortgage. Schedules I, II, and III provide details of the borrowers, property being mortgaged, and list of title deeds respectively.

Uploaded by

Mritunjai Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

DECLARATION CUM UNDERTAKING

To,

The Asst. Manager/Manager/ Sr. Manager.

PNB Housing Finance Limited

Dear Sir,

Reg : Disbursement Letter dated________________________ (“Disbursement Letter”) executed by


and between the persons specified in schedule I attached hereto as Borrower(s) and PNB
Housing Finance Limited;

Sirs,

I/We, bring the Borrower(s) as mentioned in Schedule I attached hereto (“Borrower(s)), do herby
solemnly declare and state as follows:

1. I/We say that I am/ we are competent to make this declaration,

2. I/We declare that I/we am/are absolutely seized and possessed of and otherwise well and
sufficiently entitled to the immovable property described in the Schedule II hereinafter defined as
(“property”)

3. I/We say the PNB Housing Finance Limited, a company incorporated under the provision of the
Companies Act, 1956 and having registered office at 9 th Floor, Antriksh Bhawan, 22 Kasturba Gandhi
Marg, New Delhi (hereinafter referred to as the “PNBHFL”) has, at my/our request, granted/agreed
to grant to the Borrower a Loan on the terms and conditions stated/contained in the disbursement
letter.

4. I/we hereby deposited with you the original title deeds of my/our property situated at (“hereinafter
referred to as “Title Deeds”) described in the Schedule III to keep in safe custody to create equitable
mortgage as and when required by PNB Housing Finance Limited (“PNBHFL”) on the said Property
together with all building and other structure constructed/ to be constructed thereon to create such
security to secure the housing loan/loan of Rs.
_____________________________________________ (“Loan”) availed form PNBHFL. I/we have
already executed the disbursement letter dated _____________________ in related to the said
Loan.
5. I/We hereby declared that whenever memorandum of Equitable Mortgage is required to be created
in favour of PNB Housing Finance Limited (“PNBHFL”) on the said Property, the applicable Stamp
Duty and Registration Charges along with the penalty if any levied by the concerned Authority shall
be paid by me/us and the PNBHFL would not be liable for any cost/charges or interest which would
be required to be paid on account of creation of equitable mortgage.

6. I/We hereby agree to indemnify and keep the PNBHFL indemnified from any loan, damage, claim,
action cost charges and expenses which PNBHFL may suffer or incur as a result of any defect of non-
payment of Stamp Duty Registration Charges.

7. I/We declare that I/we am/are making the aforesaid declaration solemnly and sincerely believing
the same to be true and knowing well that based on the statements and declaration and PNBHFL
has granted/agreed to grant the said Loan to me/us.

Thanking You

Yours Faithfully,

( )

Mortgagor/Borrower

SCHEDULE I
DETAILS OF THE BORROWE(S)

Mr. /MS , age about years,


S/o, W/o, D/o R/o

and
Mr. /MS , age about years,
S/o, W/o, D/o R/o
SCHEDULE II
(DESCRIPTION OF THE PROPERTY)

Property No. ;
Municipal No. ;
Khasra No. ;
Situated at ;
Area [Link]/ sq. yds./ sq. mts. and
Freehold Property or Leasehold Property

Bounded as under:
North
South
East
West

A. Use Property: _____________________


B. Mode of acquiring the Property: _________________ (Agreement to Sell, etc.);
C. Amount of earnest money/part payment/ registration/ processing fee etc., paid by the Borrower
for the Property ;

SCHEDULE III
(Description/list of the title deeds)

1  

2  

3  

4  
5  

6  

7  

8  

9  

10  

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