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Mortgage setting contract


The mortgage contractor Zhang San Li Si, due to the mortgage loan, the two parties agreed terms as follows:

1. Party B will be located in a x x area x x square meter construction site and its above-ground building, namely a xx x cottage, set up a mortgage and Party A, and borrow RMB x x million from Party A.

2. Interest is calculated on the basis of the monthly interest rate x, and is paid on the first day of each month.

3. The term of this loan shall be two years, from July 1 of x x x x to June 30 of x x x x, and shall be paid off once. However, if Party B does not accumulate two payments on time according to the provisions of the second paragraph, Party A may request the return of the loan before the expiration of the time limit.

4. On the date of signing this contract, Party B shall deliver the ownership documents related to the collateral and other relevant files to Party A for collection and execution, and cooperate with the registration of the mortgage rights.

5. All taxes payable by the collateral during the mortgage period shall be paid by Party B on time.

6. This contract shall become effective upon its conclusion, and each party shall hold one copy.

Party A: Zhang San

address:

ID card unified number:

Party B: Li Si

address:

ID card unified number:

Xxxx year x month x day

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