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Mortgage loan contract (2)


Mortgagor:____________

mortgagee:____________

Party A applies for loan from Party B due to production needs. The two parties have agreed by consensus that Party A will pledge to the Party B with all its property as collateral for the loan, and Party B shall provide Party A with the agreed amount of the loan to Party A. The following agreements were entered into on the relevant matters:

1. The amount of the loan from Party B to Party A is RMB.

2. Borrowing period: from the day of the month of 2001 to the day of the month of 2001.

3. Party A shall provide security to Party B with its own property as collateral, and after the signing of this contract, go to Haikou City Real Estate Administration to go through the mortgage registration formalities. Party B will pay all funds to Party A within three days after the completion of his rights.

4. Borrowing interest rate: According to the People's Bank of China's deposit interest rate at the same time.

5. Party A guarantees to repay the principal and interest on schedule within the time limit stipulated in the contract. Otherwise Party B has the right to dispose of the collateral

6. The mortgage period shall expire from the date of the effective date of this contract until Party A fulfills this contract.

7. After signing this contract, Party A shall not rent, sell, transfer, re-collateralize or otherwise dispose of the collateral without the consent of Party B. During the mortgage period, the collateral is not affected by Party A's bankruptcy, asset division, transfer, etc. If Party B finds that Party A has violated the provisions of this article, it will dispose of the collateral.

8. Liability for breach of contract

1) If Party B fails to pay the loan according to the contract, it will cause economic losses to Party A, and Party B shall be responsible for the breach of contract.

2) If Party A fails to repay the loan according to the contract, Party B has the right to apply for the auction of the collateral to the people's court with jurisdiction to compensate the principal and interest of the loan. If there is insufficient compensation, Party B still has the right to recover from Party A. Until Party A pays off all the loan principal and interest of Party B.

9. Since the date of signing, the two parties shall go through the notarization formalities with the Haikou City Notary Office. Party B shall be responsible for all costs related to the registration and notarization of the mortgage.

10. This contract is a creditor's rights document that has been notarized by the Haikou City Notary Public Office and has been entrusted to enforce the law. If Party A fails to perform its obligations due, Party B may directly submit to the jurisdiction according to the provisions of Article 168 of the Civil Procedure Law. The people's court applied for enforcement.

11. This contract is in six copies. Party A holds three copies, Party B holds one copy, and the notary office keeps one copy.


person A person B:

Representative: Representative:

Signing time: ____ year ____ month ____ day

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