Amendment status not verified — confirm the current text below against the official source.
M oRTOAOJo:-DEEO, not being an agreement xclaling 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 mortgagor or agreed to be given ; (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 ; Proper stamp-duty (2) Thirty rupees. Eighty rupees. One hundred and thirty ·lupees. The same duly as a conveyance (No.23) for a consideration equal to the amount secured by such deed. The same duty as a Bond (No.l5) for the amount secured by such deed. a11 (Schedule f) ll~cription ofinsltum(·nt PtopC'r stnml -dllly (1) (~) (c) when a collateral or auxiliary or ndditional or substituted •;rcurity, or IJy way of fur- ther as>uraltcr lor the ahovr mc·nt ionrcl purpose where the prim ip:>l or· primary ser111 it) ·~ duly s t:~mp~:cl-f(ll c·vc·ry sttm secured not rxcc<·clin~ Rs.l ,000 ; and liu· e\<:ry R s. l,OOO or p;trl thercoC ~ccun:d in c·xce•;•; ol Rs.l,OUO. ExemjJ/ ior1s (I) Instruments CXL'<'utcd by p<.:rsuns taking advantes under the Land J mpto\'cnwn L Loans J\ct, l Wl3 (Act X lX of WH3), <•l th<' Agriculturi ,ts Lo:1ns J\ct, lUll-! (t\ct XII of IBHIJ· ), or by tht'ir surctie~ ns sc·curity ftlr the n~pa~·mcrl L of such ndvances. (2) Letter of' ;I( C<Htl!Joll1)'iHg c h.mgc·. hypothccali(m a bill qf ex· 41 . .!\fonTOA()I1 or A CROP induct- ing any instrunwn t c·videnring an ''~~n-e mcnt to sccnrc the trpa) nH:nt of a lu.an mnclt: upcm i1l l) mortgaw· or .l ('fop, wheth •r till' crnp is 01 i!> not in C"-isktH't> at tlw tinu. ul the mortgage- (a) when lhc loan is r epa)'ahlc not mnrc I han 1 h rcc· rnolltlts from the dntc of tlw imtrtJ· rncnt- lC1r evf'ry s11m ~f'r11red not PXrr<'d- in!{ Rs. 200 ; and (;,,. t'Vt'ry .Rs-.2(J() OJ' p:t rl t ll(' J'I!of ~CI ' lll'<'cl i 11 excr~~ nl Rs.2011 , Twelve ann:as. Our.: n tp<'e. 'l\1<J anna.s. Do. 318 (Schedule I) Description of instrument Proper stamp-duty (1) (2) (b) when the loan is repayable more than three months, but not more than eighteen months from the date of instrument- for every sum secured not exceed- Four annas. ing Rs.l 00 ; and for every Rs.l 00 or part thereof secured Do. in excess of Rs.lOO.