What do you understand by the term 'further charge'? Draft a deed of further charge. Assume facts, if required.

Further Charge Sometimes, the mortgagee advances further sums of money to the mortgagor on the same security and on the same condition. The term used for this charge is called Further Charge and the deed executed to secure the advance of further sums of money is called deed of further charge. The deed so executed would make a reference to the first mortgage and would also set out the new loan(s), terms of its/their repayment and would make the principal and interest further charged on the same security. Deed of Further Charge This Deed of Further Charge is made on this