Model Contract For Mortgage Loan

The mortgagor (hereinafter referred to as Party A):

The mortgaged Party (hereinafter referred to as Party B):

Party A applies to Party B for loan due to production needs. By consensus, Party A collateralized all its property (hereinafter referred to as Party A's collateral) as collateral for the loan, and provided Party B with the agreed amount of loan to Party A. The following agreements are reached on related matters:

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

2, the term of loan: from the date of the year to the date of the month of the year.

3. Party A will provide collateral to Party B on the mortgage of its own property and sign the mortgage registration procedure to the real estate authority of the city after the signing of the contract. Party B will pay all the funds to Party A within three days after the completion of his right.

4, loan interest rate: in accordance with the PBC's deposit interest rate at the same time.

5, Party A guarantees that the principal and interest will be paid in time within the time limit stipulated in the contract. Otherwise Party B has the right to dispose of collateral.

6. The term of mortgage shall be valid until the date of entry into force of this contract to the end of the contract.

7. After signing this contract, Party A shall not lease, sell, transfer, remortgage or otherwise punish the mortgaged property without Party B's consent. During the mortgage period, collateral will not be affected by Party A's bankruptcy, asset division and transfer. If Party B discovers that Party A has violated the circumstances of this clause, it will dispose of the collateral.

8, liability for breach of contract

1) Party B shall be liable for breach of contract if Party B fails to pay the loan in accordance with the contract due to its own liability, thereby causing economic losses to Party A.

2) if Party A fails to repay the loan according to the contract, Party B shall have the right to apply for auction of the mortgaged property to the people's court having jurisdiction for compensation. Loan principal and interest If there is insufficient compensation, Party B shall still have the right to recover from Party A. Until Party A repaid the principal and interest of Party B.

9. The contract itself. Sign From the date of the date, the two parties shall go through the notarization formalities to the notary office of the city, and the registration and notarization of the mortgage shall be the responsibility of Party A.

10. This contract is a letter of credit which is notarized by the notary office of the municipal government and is enforceable in accordance with the law. When Party A fails to fulfil its obligations, Party B can apply directly to the people's court with jurisdiction according to the 168th provision of the civil procedure law.

11, Ben contract In six copies, Party A holds three copies, Party B holds one copy, and the notary office keeps one copy.

Party A: Party B:

Delegate:

Contract time: the year of the year