Common use of MORTGAGE OR CREATE A CHARGE Clause in Contracts

MORTGAGE OR CREATE A CHARGE. After the promoter executes this agreement he shall not mortgage or create a charge on the ( Apartment/Plot/Building) and if any such mortgage or charges is made or created then nowwithtsnading anything contained in any other law for the time being in force, such mortgage or changes shall not affect the right and interst of the allottee who has taken such( Apartment/Plot)