Joint Equitable Mortgage
Consolidated security arrangement where title deeds are held by a lead bank for the benefit of all consortium lenders.
Mortgage Wizard
Step 1 of 3Mortgage Protocol
Equitable mortgage creation requires the physical intent to create security via deposit of original deeds.
- Title deeds must be lien-free and verified.
- Lead bank acts as Trustee for all lenders.
Regulatory Tip
Mortgage Instrument Draft
JOINT EQUITABLE MORTGAGE
THIS DEED OF MORTGAGE is executed at 445 Prince Pass, Richmond this 17 day of October, 2026 by ABC Cements Corp (CIN: L26942MH1999PLC123456 | LEI: 335800N92H7K9A6J0214), a company incorporated under the Companies Act and having its registered office at 445 Prince Pass, Richmond, Texas.
I. FINANCIAL INSTITUTIONS & LOAN FACILITIES
The Borrower has obtained/is obtaining credit facilities from the following consortium member Institutions:
A. ICICI Bank in respect of its Rupee Term Loan of Rs. 100 lacs. B. IFCI in respect of its Rupee Term Loan of Rs. 150 lacs. C. IDBI in respect of its Rupee Term Loan of Rs. 200 lacs.
II. CONFIRMATION OF DEPOSIT OF TITLE DEEDS
The Borrower hereby confirms that the Title Deeds relating to the property situated at 445 Prince Pass, Richmond in the state of Texas have been deposited with the Lead Bank acting as an agent for all the Financial Institutions mentioned above to create an Equitable Mortgage for the collective benefit of the consortium.
III. EXECUTION & SEALING
IN WITNESS WHEREOF the common seal of ABC Cements Corp has been affixed hereunto as per Board Resolution:
Consortium Banks Signatories:
1. Syndicate Bank (by the hand of Roy) 2. Dolphin Bank (by the hand of Joy) 3. Indian Bank (by the hand of Alen)
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