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A simple mortgage deed is a legal document that serves as collateral for a loan secured by a piece of real estate property.
The individual or entity taking out the mortgage loan is required to file the simple mortgage deed.
The simple mortgage deed should be filled out by including the details of the property being used as collateral, the loan amount, and the terms of repayment.
The purpose of a simple mortgage deed is to provide security for the lender in case the borrower defaults on the loan.
The simple mortgage deed should include details of the property, loan amount, repayment terms, signatures of both parties, and any other relevant information.
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