Yangzhou City Real Estate Mortgage (Mortgage) Contract

Mortgagor:_________________________

mortgagee:_______________________

In order to ensure the fulfillment of the _________ year _________ word ______ _________ contract, Party A agrees to pledge the purchased real estate that has not been paid the balance to Party B as a guarantee for the payment of the loan due. Party A guarantees that the information provided is true and valid. To this end, Party A and Party B have entered into this contract through consultation on the basis of the principles of voluntariness, fairness and good faith.

The first real estate purchased by Party A is located at _________ construction area _________m2, which is the commercial housing developed by _________ real estate development company, the pre-sale contract number of commercial housing _________, and the nature of land use right is for sale.

Article 2 Party A agrees to mortgage the entire property of the above-mentioned real estate and its attachments to Party B.

Article 3 The price of the purchase of real estate by Party A is ¥_________ million, and Party A has paid RMB _________________ million. The amount of the mortgage loan is RMB ________________ million.

Article 4 The scope of the real estate guarantee for the establishment of mortgage is the main creditor's right and interest of the secured debt, liquidated damages, damages, and the cost of realizing the mortgage.

Article 5 The term of the mortgage shall be from the beginning of the loan until the payment of the amount owed.

Article 6 During the mortgage period, the collateral is occupied by Party A. Party A shall maintain the integrity of the collateral during the period of possession, and Party B shall have the right to inspect the management of the collateral, and Party A shall not refuse.

Article 7 During the mortgage period, Party A shall not transfer, lease, re-collateralize, dismantle or rebuild the collateral without the written consent of Party B; it shall not change its use; if Party B is not notified, the above acts shall be invalid.

If the price of the transferred collateral is significantly lower than its value, Party B may require Party A to provide the corresponding guarantee; if Party A does not provide, the collateral may not be transferred.

Party A's transfer of the collateral shall be paid to Party B in advance for the secured creditor's rights or to the third party agreed by Party B. The excess of the amount of the creditor's rights shall be vested by Party A, and the insufficient portion shall be paid by the debtor.

Article 8 A mortgage may not be transferred separately from the creditor's rights or as a guarantee for other claims.

Article 9 In addition to natural wear and tear, if the collateral is damaged, Party A shall take measures to be responsible for maintenance and repair to reduce losses. Party A shall bear the expenses and notify Party B in time. Party B shall have the right to request Party A to re-provide or increase the guarantee to make up for the insufficiency or to exercise the claim directly to the insurance company in accordance with the provisions of the Insurance Law because it is not damaged or lost.

Article 10 If the collateral is not enough to be used as a debt guarantee due to state construction and other government actions, Party B has the right to request Party A to re-provide or increase the guarantee.

Article 11 If Party A requires Party B to require insurance, Party A shall insure the collateral before the signing of this contract, and use the mortgagee as the first beneficiary of the insurance compensation. Party A shall not revoke the insurance by itself during the period of validity of the contract. When the insurance period ends and the contract is not completed, it shall continue to be fully insured.

Article 12 In the mortgage relationship, the contract subject changes, and this contract continues to be valid. The rights and obligations stipulated in the contract shall be enjoyed and assumed by the contractual entity after the change. The mortgage party shall jointly apply to the Yangzhou Real Estate Exchange for the registration of the contract change. If the terms of the contract change, the contract must be re-signed and the other party's consent is obtained.

Article 13 Liability for breach of contract: ____________________________________________________

Article 14 After the signing of the mortgage deed, if the debtor fails to perform the debt according to the main contract, Party B may apply to the relevant department for disposition of the collateral according to the state regulations. When disposing of the collateral, the land use right acquired by the transfer method must be paid in advance equal to the land transfer amount, and the proceeds are distributed in the following order.

Pay the cost of disposing of the collateral;

Taxes and fees that should be paid for withholding collateral;

Repayment of creditor’s creditor’s principal, interest, liquidated damages and damages;

The remaining price will be returned to Party A.

If the price of the original collateral is insufficient to repay the principal and interest of Party B or the relevant expenses, Party B has the right to recover the part to be repaid.

Article 15 In the event of a dispute arising from the performance of this contract, Party A and Party B shall resolve it by negotiation. If the negotiation fails, Party B has the right to sue directly to the people's court in the locality of Party B.

Article 16 After the entry into force of this contract, both Party A and Party B shall go to the Yangzhou Municipal Housing Property Right and Production Supervision Office to apply for the registration of the other rights of the house in accordance with the law and obtain the “Household Warrants”.

Article 17 After all the provisions of this contract have been fulfilled, Party A and Party B shall, within 30 days, go to the Yangzhou City Property Rights and Production Supervision Office to apply for the cancellation of the house.

Article 18 This contract is a separate mortgage contract, and the effectiveness of this contract is not affected by the validity of the loan contract.

Article 19 Party A shall notify Party B in writing in time if Party A changes its permanent address due to work transfer.

Article 20 The parties may separately agree on the unfinished matters of this contract. This contract and the supplementary agreement shall become effective after being signed by both parties and registered with the Yangzhou Real Estate Exchange.

Article 21 This contract and supplementary agreements and subsidiary files shall be in the form of _________, and Party A and Party B shall each hold _________ copies and _________ copies of the registration and supervision department. This contract supplemental agreement and subsidiary files have _________, and this contract and supplementary agreements and subsidiary files have the same legal effect.

Article 22 Other matters agreed by the parties: _______________________________________

person A person B:_____________

Legal representative: _______ Legal representative: ____

Legal address: _________________ Legal address: ______________

Attorney: _______ Attorney: _______

_________Year ______Month ______Day ______Year ______Month______Day

Signing location: _________________ Signing location: _________________

Subsidiary file

1. This contract applies to personal and real estate mortgage deeds.

2. Matters not covered in this contract, after the parties have agreed, they may fill in the blank clause or sign a supplementary agreement.

3. This contract will be filled in with a pen or a brush.

4. The right to interpret this contract is attributed to Yangzhou Real Estate Administration.