Mortgage-backed loan contract model

After __________________ and ________________ fully negotiated, this contract was signed and complied with.

1. From ____________ to ____________, the lender provides the borrower ____________ loan ______________. The loan and repayment plan is as follows:

Installment plan: ____________________________

Instalment repayment plan date: ________________________

Amount: ____________________________

interest rate:____________________________________

use:____________________________________

date:____________________________________

principal:____________________________________

2. The lender shall provide loans to the borrower on time and in accordance with the amount. Otherwise, the borrower shall be liable for liquidated damages according to the amount of default and the number of days of extension. The calculation of the amount of liquidated damages is the same as the penalty for overdue loans, which is ________%.

3. The interest rate of the loan shall bear interest at the current interest rate of the bank loan. In case of adjustment, it is calculated according to the adjusted new interest rate and interest-bearing method.

4. The borrower shall use the loan in accordance with the agreement and shall not transfer the use. Otherwise, the lender has the right to stop issuing new loans until the loan has been repaid.

5. If the borrower fails to use the payment according to the prescribed time and amount, the borrower shall pay the lender's liquidated damages. Liquidated damages are calculated based on the amount of borrowings and the number of days, based on the ________% of the borrowing rate.

6. The borrower guarantees to return the principal and interest of the loan according to the time limit set by the loan contract. If an extension is required, the borrower will file an application for extension no later than 3 days before the loan expires, and the extension will be processed with the consent of the lender. However, the extension may not exceed half of the original period. The lender has not agreed to postpone the loan with or without the extension procedure, and imposes a penalty interest.

7. The borrower shall be kept by the borrower with ________________________ and the value of ________________ as the collateral for the loan. The notary fee is borne by the borrower.

8. One month after the loan expires, if the borrower does not return the loan, the lender has the right to dispose of the borrower's principal and interest as a mortgaged material and property in accordance with the legal procedures.

IX. This Agreement is in the form of ________ copies, and each of the borrowing parties shall hold one original and one notary office.

X. This Agreement shall have the force of law from the date of signature by both parties.

Borrower: __________________ Lender: __________________

Borrower: __________ Loan unit: __________

Responsible person: ____________ Approval leader: __________

Manager: ____________ loan officer: ____________

Notary unit: __________________

Notary office: ____________

Notary:______________