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" DOCUMENTATION(S) IN RESPECT OF FINANCING(S) AND/OR MORTGAGE(S) DOCUMENTATION(S) IN RESPECT OF FINANCING(S) AND/OR MORTGAGE(S)   BY Saalim Salam Ansari, Advocate, Karachi   There is a system of documentation(s) existing in respect of financing(s), which starts after the grant and/or approval of the application of the customer(s) /borrower(s) by the financial institution(s), in shape of the issuance of the sanction letter/advice.   Sanction Letter/Advice   Sanction letter is a basic loan document, issuance of which is after the approval of finance by the financial institution, in which the nature of financing, the limit and/or scope of financing, the name of principal borrower(s), the rate of mark-up or profit and/or mode(s) of repayments (or instalments) and the securities will also be mentioned/ endorsed in the sanction advice along with period of loan. Further the securities having the details including personal guarantees of the Directors or partner(s) or sole proprietor of the principal borrower(s) to whom the loan will be sanctioned, as well as the details of mortgaged properties against whom mortgage will be created as security, execution of D.P. Notes, Hypothecation(s), Pledge(s) with details and post-dated cheques if any, etc. are supposed to be obtained as security will also be described.   Any security beyond the securities mentioned in the sanction letter or advice can create doubt(s) and/or if the same is not endorsed in any subsequent sanction letter(s) or mutually agreed document(s) is not available.   Documentation(s)   The documents which will be required after the issuance of sanction letter, are:   (i) Documentation in respect of mortgages.   (ii) Agreement of Financing(s).   (iii) Letter of…