legality of equitable mortagage

YES. IT IS EQUITABLE MORTGAGE. AFTER TAKING SIGNATURES OF THE BORROWER, GUARANTOR, THE BANK WILL SEND THE DOCUMENTS FOR EQUITABLE MORTGAGE TO THE SUB REGISTRATION OFFICE. THAT SUB REGISTRATION OFFICE WILL SEND THE NEWS TO THE LOCAL SUB REGISTRATION OFFICE. MORE OVER OUR DOCUMENTS WILL BE WITH THE BANK. THEY WILL NOTE THE EQUITABLE MORTGAGE WITH THOSE DOCUMENTS ONLY. UNLESS AND UNTIL THE LOAN CLEARED THE REDUMPTION CAN NOT BE ALLOED.

It is botheration of the bank, and their branches at Mumbai are well equipped to attend to those mortgage proceedings that are legal..