A mortgage deed is a legally binding agreement using property as collateral for a loan. It’s a document that contains all details concerning the loan given including the parties involved, loan amount, interest rate and more. Here, the agreement is between mortgagor and mortgagee. The mortgagor is the member of said society and the said plot is allotted to mortgagor the said owner of property sold the property to mortgagor by sale deed. A confirmation is required for agreement between mortgagee and mortgagor, it done with advanced sum of money as security to repayment of said loan along with interest and charges. Here, the mortgagor assures that amount of loan will be utilized for purpose for which it has been sanctioned. The mortgagor shall repay the principal sum advanced by to mortgagor with the interest in monthly instalment each instalment must be paid on or before 15th day of each month if any default or delay in paying instalments then additional interests must be paid. The mortgage shall allow the follow other terms and conditions in following agreement.