Property case

Respected counsels, I have personally obtain finance from neighbour to close the bank debt of my property. I dont make any pronote or cheque leaf but the property original deed have handovered to him. Now he planned to grab the property by filing the case in court, Still the MOD haven't get cancelled. My query: Shall i cancel the MOD and any way to obtain loan or any possibility of make a WILL document to my daughter's once the MoD cancelled without the deeds. Kindly clarify S.V.Francis