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Sample Document for a Real Estate Mortgage in the Philippines
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NOC form the society (in case the flat/shop is in a co-op Hsg. society)(Lap loan proposal) (INSTRUCTION: to be obtained from Society on its letter Head)
Date: 31st December, 2011 To Branch Manager DEWAN HOUSING FINANCE CORPORATION LIMITED (DHFL) Dheeraj Regency -18-20 Ground Floor. Opp. Bhor Ind Borivali (E) Mumbai 400066
Subject: permission to Mortgage
Re:- Flat /no. B, 101 in the Building Rohan Apartment situated at Ambernath (W) of Mr. Madhuram Timalsina. Dear Sir, 1.
This is to confirm t hat the
above society is registered under registration no. 2787/2011 (63m.e.)
Dated 25/05/2011 is the owner of the above land pursuant to t he conveyance date registered as document number. 2.
We hereby assure you t hat the
said flat as well as , t he land appurtenant t here to is not subject
to any encumbrance, charge or liability of any kind and t hat the title to t he entire property is free and marketable and dues in r espect thereof have been paid up to date. 3.
We
say that Mr. Madhuram Timalsina is a member of our Society and t he Society has issued t he
share certificate bearing distinctiveNOC. .dated.fromtoin his favour in respect of the above refereed flat. 4.
We
say that no amount by way of society charges or proportionate share of outgoing in respect
of the said flat are due and payable by t he aforesaid member.
5.
We have
no objection to your giving a loan to Mr. Madhuram Timalsina and his mortgage the
said flat with you by way of security for repayment of t he loan. 6.
We
confirm that we have made necessary entries in our books of record, t he charge of DHFL in
respect of the said flat and his mortgaging the said flat with you by way of security for repayment of the Loan. 7.
We
say and undertake t hat the Society will not allow transfer/sale/mortgage of t he said flat by
the said Mr. Madhuram Timalsina or permit to part or otherwise deal in w hatsoever manner to any third party till such time a no. objection Certificate (NOC) you is submitted to us that the loan is repaid in full. Yours faithfully,
