Draft a deed of redemption or re-conveyance of mortgage property by the mortgagee in favour of the mortgagor.

THIS DEED is made the............ day of............ 20.. Between 'A' of etc. (hereinafter called "the mortgagee") of the One Part And 'B' of etc. (hereinafter called "the mortgagor") of the Other Part. WHEREBY by a mortgage deed dated............ the property mentioned in that deed was mortgaged by the said 'B' in favour of the said 'A' to secure payment of the amount of ₹............ with interest @............ per cent per annum. NOW THIS DEED OF RECONVEYANCE WITNESSETH: That in consideration of all principal moneys and interest secured by the said mortgage deed dated............ having been paid, the receipt whereof the said 'A' hereby acknowledges. The said 'A' as mortgagee hereby redeems or reconveys unto the said 'B' all the property comprised in the said mortgage deed to hold the same upto and to the use of the said 'B' as absolute owner discharged from all principal money and interest secured by and from all claims and demands under the aforesaid mortgage deed. Mortgagee Witness Mortgagor Witness Date & Place