Foreclosure or Sale
(Title)
A.B., the above-named plaintiff, states as follows:-
- The plaintiff is mortgagee of lands belonging to the defendant.
- The following are the particulars of the mortgage:-
- (date);
- ( names of mortgagor and mortgagee);
- ( sum secured)
- ( rate of interest)
- ( property subject to mortgage);
- ( amount now due);
- ( if the plaintiff’s title is derivative, state shortly the transfers or devolution under which he claims).
( If the plaintiff is mortgage in possession, add)
- The plaintiff took possession of the mortgage property on the……. day of ……………and is ready to account as mortgagee in possession from that time.
[ As in paras.4 and 5 of Form No.1.]
- The plaintiff claims-
- payment, or in default [ sale or ] foreclosure [ and possession];
[ Where Order 34, rule 5, applies.]
- in case the proceeds of the sale are found to be insufficient to pay the amount due to the plaintiff, then that liberty to reserved to the plaintiff to apply for a decree for the balance.