Mortgage contract (2)

Mortgage contract
Contract No.: Year No.
Mortgage name:
residence:
Legal representative:
Opening a financial institution:
account number:
Phone: Postal code:
fax:
Name of the mortgagee:
residence:
Legal representative:
Phone: Postal code:
fax:
Date of signing the contract: Year, month and day
Signing the contract location: provinces, cities and counties

Mortgagor:
mortgagee:

In order to ensure the performance of the annual contract, Party A is willing to use the property that it has the right to punish. After review, Party B agrees to accept Party A’s property mortgage. Party A and Party B shall conclude this contract by consensus on the following terms.

The first property that Party A uses as collateral is:

Article 2 The mortgaged property under this contract is jointly priced at RMB yuan, the mortgage rate is 100%, and the actual mortgage amount is Yuan.

Article 3 The custody and custody responsibilities of the mortgaged property are as follows:

1. After Party A and Party B are sealed up in the mortgaged property, Party A shall keep it on its own; Party A shall keep it in its custody, Party A shall properly keep the mortgaged property, and shall be repaired, maintained and guaranteed intact during the mortgage period. Responsibility, and accept the inspection of Party B at any time.

2. The mortgaged property shall be handed over to Party B by Party A, and Party B shall collect the custodial fee from Yuanfang. Party B shall properly keep the mortgaged property and shall not use the mortgaged property.

Article 4 Party A shall, in accordance with the requirements of Party B, handle property insurance in the mortgaged property and submit the insurance policy to Party B for preservation. The term of insurance coverage shall be longer than the term of the loan agreed in the main contract. If the loan is extended under the main contract, Party A shall go through the formalities of extending the insurance period. If the insurance property is damaged, Party B has the right to take back the mortgage loan from the insurance compensation.

Article 5 The handling method of the securities used by Party A as collateral when it expires during the mortgage period shall be as follows:

Article 6 During the term of this contract, Party A shall not sell or donate the mortgaged property; if Party A relocates, leases, transfers, re-mortes or otherwise transfers the mortgaged property under this contract, Party B shall obtain the written consent of Party B.

Article 7 The costs of notarization, insurance, appraisal, registration, transportation and custody under this contract shall be borne by Party A.

Article 8 After the commencement of this contract, if it is necessary to extend the term of the loan under the main contract or change other terms of the main contract, the mortgagor shall agree and reach a written agreement.

Article 9 In the period of validity of this contract, if Party A is divided or merged, the changed organization shall bear or separately assume the obligations under this contract. Party A is declared dissolved or bankrupt, and Party B has the right to dispose of its mortgage property in advance.

Article 10 When one of the following circumstances occurs, Party B has the right to dispose of the mortgaged property in accordance with the law:

1. The repayment period agreed upon in the main contract has arrived, and the borrower has not returned the principal and interest of the loan in accordance with the contract or the time limit for the extension has not yet returned the principal and interest of the loan;
2. The borrower dies without the heir performing the contract, or the heir waives the inheritance;
3. The borrower was declared dissolved and bankrupt.

If the proceeds from the processing of the collateral are insufficient to repay the principal and interest of the loan, Party B shall have the right to pursue it separately; if the price repays the principal and interest of the loan, Party B shall return it to Party A.

Article 11 If the borrower of the main contract repays the principal and interest of the loan or repays the principal and interest of the loan in advance according to the contract, the mortgage shall be automatically revoked, and the property and property insurance policy of Party A kept by Party B shall be returned to Party A.

Article 12 After the contract is in force, neither Party A nor Party B may change or cancel the contract without authorization. In the event of a change or cancellation of the contract, a written agreement shall be reached by mutual agreement. The terms of this contract remain in force until the agreement is reached.

Article 13 Liability for breach of contract

1. In accordance with the provisions of Article 3, paragraph 1 of this contract, if the mortgaged property held by Party A is damaged due to improper storage, Party B has the right to request Party A to restore the original state of the property, or provide new mortgaged property approved by Party B, or withdraw it in advance. Loan principal and interest under the main contract.

2. In accordance with the provisions of Article 3, paragraph 2 of this contract, if the mortgaged property held by Party B is damaged due to improper storage, Party A has the right to request Party B to restore the original state of the mortgaged property, or require Party B to compensate for the losses suffered thereby.

3. If Party A violates the agreement in Article 4 of this contract, Party B may stop issuing loans under the main contract or, in advance, recover the principal and interest of the loan.

4. If Party A violates Article 5 and disposes of the mortgaged property without authorization, its behavior shall be invalid. Party B may request Party A to restore the original state of the mortgaged property, or recover the principal and interest of the loan under the main contract in advance, and may request Party A to pay the liquidated damages of the total amount of the loan.

5. Party A shall provide compensation for the loss of the mortgaged property due to the existence, dispute, seizure, seizure or mortgage.

6. If either party A or B violates the provisions of Article 12, it shall pay the other party a penalty of a total of ten thousand of the total amount of the loan under the main contract.

7. During the term of this contract, Party A may cancel this contract without the consent of the mortgagor, change the terms of the main contract or transfer the obligations under the main contract, and require Party B to return the collateral held by Party B.

8. The payment methods for liquidated damages listed in this Article shall be agreed by Party A and Party B as follows:

Article 14 Other matters agreed upon by the parties:

Article 15: The solution to the dispute:

The disputes arising by Party A and Party B in the performance of this contract shall be settled by both parties through negotiation or through mediation. If the negotiation or mediation fails, the contract arbitration institution of the place where the contract is signed may apply for arbitration or the people's court of the place where the contract is signed.

Article 16 This contract shall be signed by the legal representative of Party A or Party B or the agent authorized by the legal representative and affixed with the official seal of the unit. The effective date shall be effective as of the effective date of the independent contract. It will automatically become invalid when the principal and interest of the loan are fully repaid under the main contract.

Article 17 This contract is made in two copies, one for each of Party A and Party B.

Attached: a list of mortgaged property and a valid certificate of property.

Party A: Official Chapter Party B: Official Seal
Legal representative: signature legal representative: signature

Year, month, day, month, day
Signing the contract location: Provinces, cities and counties

Note: If the party to the contract is an unincorporated unit, it should be signed by the principal responsible person or the agent authorized by the principal responsible person.

Mortgage contract instructions

I. Scope of application: This contract is a guarantee contract signed between the borrower and the third party for the performance of the secured loan contract debt and the mortgage with a certain property.

2. The “mortgage person” in the contract means the party providing the mortgaged property, which may be the borrower in the loan contract or other third party; the “mortgage holder” is the lender in the loan contract.

3. The "Property Certificate of Property" in the first article refers to a documentary certificate issued by a notary public that proves that the mortgaged property is true, legal and valid.

4. The “mortgage rate” in Article 2 refers to the ratio of the amount of mortgage loans to the current amount of mortgaged property.

5. The spaces in Article 3 shall be filled in by Party A and Party B according to the specific circumstances.

6. Article 13 The proportion of liquidated damages and the payment method in the liability for breach of contract shall be filled out by mutual agreement.

7. Other matters that the parties to the contract consider to be agreed upon in the contract, and those not covered by the terms of this contract shall be agreed upon in Article 14 by mutual agreement.

8. Article 16 is an agreement on the signatory of the contract and the effective date. The contract must be signed by the legal representative of Party A and Party B and affixed with the official seal of the unit before it can take effect. Any other person signing and any chapter other than the official seal of the unit is invalid. If the contracting party does not have legal personality, it shall be signed by the principal responsible person or the agent authorized by the principal responsible person.