Deed of Conveyance

(Where the
Consideration is Payable by Installments)

This Deed of
Conveyance is made at … this… day of.,.. between Mr. ‘A’ of… (hereinafter
referred to as the ‘Vendor’) of the One Part, and Mr. ‘B’ of … (hereinafter
referred to as ‘the Purchaser’). of the Other Part;

Whereas the Vendor is
absolutely seized and possessed of or otherwise well and sufficiently entitled
to the land and premises situate at … and more particularly described in the
Schedule hereunder written.

And Whereas the
Vendor has agreed to sell the said property to the Purchaser at the price of
Rs… and has received from the Purchaser a sum of Rs… as earnest money on the
execution of the agreement for sale.

And Whereas the
balance is agreed to be paid by the Purchaser by installments as hereinafter
provided.

And Whereas the
Purchaser has requested the Vendor to execute these presents which he has
agreed to do.

And Whereas for the
purposes of stamp duty the consideration is valued at … … market value is
fixed at ……..

NOW THIS DEED
WITNESSETH that pursuant to the said agreement and in consideration of the sum
of Rs…. paid as earnest money as aforesaid and of Rs…. paid on the
execution of these presents ( receipt whereof the vendor hereby admits) and the
balance of Rs…. agreed to be paid by the Purchaser to the Vendor by installments
as hereinafter provided. making together the said sum of Rs…. agreed to be,
paid by the Purchaser to the Vendor, He, the Vendor doth hereby convey and
transfer by way of sale unto the Purchaser all that piece of land with the
building and structures standing thereon situate at … in the Registration Sub
District of … and more particularly described in the Schedule hereunder
written and delineated on the Plan thereof hereto annexed by red coloured
boundary line TOGETHER WITH ALL the things permanently attached thereto or
standing thereon and all the privileges, casements, profits, rights and
appurtenances whatsoever to the said land and other premises or any part
thereof belonging or anywise appertaining thereto and ALL THE estate, right,
title, Interest, use, possession, benefit. claim and demand whatsoever at law
or otherwise of the Vendor to the said piece of land and other the premises
hereby conveyed and every part thereof TO HOLD the same unto and to the use and
benefit of the Purchaser absolutely and forever, subject to the payment of all
rents, rates, taxes, assessments. dues and du ties now chargeable and payable
and that may become chargeable and payable from time to time hereafter in
respect of the same to the Government or the Municipal Corporation of… or any
other public body or local authority in respect thereof. – – – –

AND the Vendor doth
hereby covenant with the Purchaser that,

1.     The Vendor now has in
himself good right and full power to convey and transfer by way of sale the
said piece of land, and other the premises hereby conveyed or intended so to be
unto and to the use of the Purchaser in the manner aforesaid.

2.     The Purchaser may
from time to time and at all times hereafter peaceably and quietly enter upon.
occupy, or possess and enjoy the said land, and premises hereby conveyed with
their appurtenances, and receive the rents, issues and profits thereof and
every part thereof for his own use and benefit without any suit. lawful
eviction or interruption, claim and demand whatsoever from or by him the Vendor
or his heirs, or any of them or by any person or persons claiming or to claim,
from, under or in trust for him or any of them.,

3.     The Purchaser shall
hold the said land and premises free and clear and freely and clearly and
absolutely exonerated, and forever released and discharged or otherwise by the
Vendor and well and sufficiently saved, defended, kept harmless and indemnified
of, from and against all former and other estates, titles, charges and
encumbrances whatsoever had, made, executed. occasioned and suffered by the
Vendor or by any other person or persons claiming or to claim by, from, under
or In trust for him;

4.     The Vendor and all
persons having or claiming any estate, right, title or interest An the said
land, and premises hereby conveyed or any part thereof by, from, under or in
trust for the Vendor or his heirs, executors, administrators or any of them
shall and will from time to time and at all times hereafter at the request and
costs of the Purchaser do and execute and cause to be done and executed all
such further and other lawful acts, deeds, things. In the law whatsoever for
the better and more perfectly and absolutely granting the said land, and
premises and every part thereof hereby conveyed unto and to the use of the
Purchaser in manner aforesaid as by the Purchaser. his heirs, executors or administrators
and assigns shall be reasonably required.

And the Purchaser
doth hereby covenant with the Vendor that the Purchaser shall and will pay the
said balance purchase price of Rs…. by four equal quarterly Installments of
Rs…. the first of such Installments to be paid on or before the … day of…
the second installment on or before the … day of … and the third Installment
on or before the … day of … and the fourth installment on or before the …
day of… time being in each case the essence of the contract, AND it, is
agreed that in the event of default of payment of any installment on the due
date thereof the whole of the said balance or any part thereof remaining unpaid
will at the option of the Vendor become due and payable at once, And it is further
agreed that the Purchaser will be liable to pay and hereby agrees to pay
Interest at the rate of Rs. … per cent per annum on each and every defaulted installment
from the date thereof till payment or recovery thereof and the Purchaser agrees

and confirms that the
said unpaid balance of the price and every part thereof will remain a statutory
charge on the said land and premises hereby conveyed under Section 55(4) (b) of
the Transfer of Property Act, 1882, and in the event of non-payment thereof the
Vendor will be entitled to enforce the charge by sale of the said land and
premises through Court and the Purchaser will be liable to pay all costs,
charges and expenses incurred by the Vendor In enforcement of the charge.

IN WITNESS WHEREOF
the Vendor and the Purchaser have put their respective hands the day and year
first hereinabove written.

THE SCHEDULE ABOVE
REFERRED TO

(Description of the
property).

Signed and Delivered
by the withinnamed Vendor Mr.

in the presence of

Signed and delivered
by the

withinnamed Purchaser
Mr….

in the presence of

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