"Lot 1: Property 1: Hypothecation of inventories present at Engineering college present at building survey number 96(Pt),97/1 part at Ambalathara village, Kasargode District admeasuring 1685 cents. Property 2: All that part and parcel of property admeasuring 1685 cents (1017 cents as per item 1 + 668 cents as per item 2) of land and Engineering college building survey number 96(Pt),97/1 part at Ambalathara village, Kasargode District."