Amendment status not verified — confirm the current text below against the official source.
MORTGAGE DEED not being an agreement relating to Deposit of Title deeds pawn or pledge (No. 6) Bottomry Bond (No. 16), Mortgage of a Crop (No. 41 ), Respondentia Bond (No. 56 ), or Security Bond (No. 57). .,.(• (a) When possession of the property or any part of the property comprised in such deed is given by the mortga~or on agreed to be g1v.cn . (b) When possession is not given or agreed to be given as aforesaid. Explanation - A mortgagor who gives to the mortgagee a power of attorney to collect rents or a lease of the property mortgaged or part thereof is deemed to give possession within the meaning of this article. Five hundred !·upees. The same duty as a conveyance (No. 23) for a market value equal to the amount secure<J by such deed. The same duty as a Bond (No. 15) for the amount secured by such deed. (c)(i) When a collateral or Three rupees. auxiliary or additional or substituted security, or by 1216 THE ASSAM GAZETTE, EXTRAORDINARY, SEPT. 18, 2D01 ~--.- way of further assurance for the above mentioned purpose where the principal or primary security is duly stamped for every sum secured not exceeding Rs. 1,000. (ii) and for every Rs. 1,000 or part thereof secured 1n excess of Rs. 1,000. Exemptions ( 1) Instruments executed by persons taking advance under the Land Improvement Loans Act, 1983 or the Agriculturists' Loans Act, 1884, or by their sureties as security for the repayment of such advances. (2) Letter of hypothecation accompanying a bill of exchange.