Amendment status not verified — confirm the current text below against the official source.
Mortgage deed,- not being an agreement relating to 1[Deposit of title deeds, 2[pawn or pledge]2 (No. 6)]1, Bottomry Bond (No. 13), Mortgage of a Crop (No. 35), Respondentia Bond (No. 46), or Security Bond (No. 47) (a) When possession of the prop perty The same duty as conveyance or any part of the property comprised (No. 20) for a market in such deed is given by the mortg- value equal to the amount agor or agreed to be given. secured by such deed. (b) When possession is not given 3[Fifty paise for every or agreed to be given as aforesaid 1[and hundred rupees or part thereof not being a hypothecation]1 for the amount secured by such deed]3 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 thereof within the meaning of this article. 2[(c) When a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above mentioned purpose, where the principal or primary security is duly stamped. (i) for every sum secured not 5[3[Fifty rupees]3]5 exceeding Rs. 1,000. (ii) for every Rs. 1,000 or part there- 5[3[Fifty rupees plus five rupee for every of, secured in excess of Rs.1000. rupees one thousand or part thereof in excess of rupees one thousand. ]3]5 4[(d) for hypothecation of movable property,- If the loan or debt is repayable on demand 5[Rupees fifty for every rupees ten thousands or part thereof]5 (i) where the loan amount does not exceeds rupees ten lakhs (ii) where the loan amount exceeds rupees ten lakhs 5[Rupees fifty for every rupees ten thousands or part thereof]5