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Mortgage contract


Loan mortgagor

Address Postcode:

phone:

Representative:

Loan mortgagee

Address Postcode:

phone:

Representative:

Party A applies for a loan to Party B as a ___ fund due to production needs. The two parties have agreed by consensus that Party B will provide Party A with the agreed loan amount to Party A under the condition that Party A pledges all of its ___ as collateral for the loan to Party B. During the term of the loan, Party A has the right to use the collateral. Before Party A pays off the principal and interest of the loan, Party B owns the ownership of the collateral. To this end, this contract is specifically entered into:

Article 1 Loan content

1. The total amount of the loan: ___ yuan.

2. Loan Use: This loan can only be used for ___ needs, and should not be used for other purposes, and it is not allowed to use loans for illegal activities.

3. Loan period: Under the total amount of the above loans, the loan can be repaid in installments and credits. Therefore, the amount and duration of each loan will be agreed upon by both parties. From the second loan, there must be a new mortgage loan signed and sealed by both parties and the legal representatives of both parties. As part of this contract, it has the same legal effect as this contract.

The term of the first loan is: __month, from __year__month_day to __year__month_day.

4. Loan interest rate: The loan interest rate and interest-bearing method shall be implemented in accordance with the regulations of China __ Bank.

5. Withdrawal of loans: Whether the loans for each period are extracted once or separately, the parties agree that Party A should notify Party B __ days in advance and withdraw it from Party B's credit department for approval.

The first phase of the loan __ extraction.

6. Repayment of the loan Party A guarantees to repay the principal and interest on time and within the loan period stipulated in each contract. The source of funds returned by Party A for the loan is the company's production, operation and other income. If Party A requests the return of the loan from other sources, Party B's consent is required.

The last repayment date of the first loan is __year_month_day.

7. This contract will continue to be valid if Party B agrees that Party A will postpone the repayment.

Article 2 Mortgage matters

1. The name of the collateral: ___.

2. Manufacturer: ___.

3. Model: ___.

4. Number of pieces: ___.

5. Single piece: ___.

6. Placement: ___.

7. Total amount of collateral invoice: ___.

8. Mortgage period: ___ years.

Article 3 Obligations of both Party A and Party B

Party B’s obligations:

1. The documents of the collateral deed to Party A shall be properly kept and shall not be lost or damaged.

2. After Party A has repaid the loan due, the entire deed and certificate of the collateral will be handed over to Party A.

Party A’s obligations:

1. Proactive repayment of principal and interest in strict accordance with the time stipulated in the contract.

2. Ensure that the collateral is not affected by Party A’s bankruptcy, asset division and transfer during the mortgage period. If Party B finds that Party A's collateral has violated the provisions of this article, Party B shall notify Party A to immediately correct or terminate the loan of this contract and recover all the principal and interest of the loan that has been lent.

3. Party A shall use ___ as a collateral reasonably and shall be responsible for the operation, maintenance, maintenance and related taxes of the collateral.

4. If Party A damages the collateral due to intention or negligence, Party B shall provide Party B with new collateral within 15 days. If Party A is unable to provide new collateral or guarantee, Party B shall have the right to reduce the loan amount or cancel this contract. To recover the principal and interest of the loan that has been lent.

5. Party A shall not rent, sell, transfer, re-collateralize or otherwise dispose of the collateral without the consent of Party B.

6. The collateral is insured by the ___ branch of the People's Insurance Company of China, and Party B is the beneficiary of the insurance, and the insurance policy is handed over to Party B for safekeeping, and the insurance premium shall be borne by Party A. If the insured collateral suffers losses due to force majeure, Party B has the right to recover the principal and interest of the loan that the mortgagor should repay from the compensation of the insurance company.

Article 4 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 use the loan according to the loan contract, Party B has the right to withdraw some or all of the loan in advance, and the penalty portion of the misappropriation loan is ___% on the basis of the original loan interest rate.

3. If Party A fails to pay the interest on time, or has other breach of contract, Party B has the right to stop the loan and ask Party A to return the principal and interest of the loan in advance. Party B has the right to deduct from the account opened by Party A in any bank, and from the date of expiration, the interest on the overdue loan will be increased by ___%.

4. If Party A fails to repay the interest on time, Party B may also apply to the people's court with jurisdiction to apply for the auction of collateral for the payment of 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.

Article 5 Other provisions

1. When one of the following circumstances occurs, Party B has the right to stop the loan and immediately or immediately withdraw the loan already issued.

Party A provides Party B with information, statements and various materials that are not true.

Party A and the third party have a lawsuit. After the court has decided to lose the case and pay the compensation, it is unable to repay the principal and interest of the loan to Party B.

Party A’s total assets are insufficient to cover its total liabilities.

Party A’s guarantor violates or loses the conditions specified in the contract.

2. Party B has the right to inspect and supervise the use of the loan. Party A shall provide Party B with relevant statements and materials.

3. If either Party A or Party B requests to change the contract or a clause in this contract, it must notify the other party in writing beforehand. The terms of this contract will remain valid until the parties reach an agreement.

4. The loan application, loan certificate, use and repayment plan and other written materials related to the contract provided by Party A shall be part of this contract and have the same legal effect as this contract.

Article 6 The expenses related to this contract shall be the responsibility of Party A for all expenses related to the estimation, registration and certification of the mortgage.

Article 7 Conditions for the entry into force of this contract

Article 8 Settlement of Disputes If there is a dispute in the performance of this contract, the two parties shall settle the dispute through negotiation. If the negotiation fails, the two parties agree to be arbitrated by the Suzhou Municipal Arbitration Commission.

This contract is made in triplicate. Party A and Party B each hold one copy, and the notary office keeps one copy.

Party A: Official seal

Representative: Signature

Party B: Official seal

Representative: Signature

year month day

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