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Mortgage Loan Contract

2008/8/19 15:03:00 41770

The mortgaged mortgagor (hereinafter referred to as Party A): the legal representative of the company, the following is the official position:

The mortgaged mortgaged Party (hereinafter referred to as Party B): the legal representative of the company.

Party A applies for loan to Party B as a fund for production needs.

With the consent of both parties, Party A shall provide the party with the agreed amount of loan to Party A under the conditions that Party A is mortgaged to Party B as collateral for the loan with all its loans.

During the term of the loan, Party A has the right to use the mortgage. Before Party A repaid the principal and interest of the loan, Party B owns the ownership of the mortgage.

For this purpose, the contract is concluded: first, the content of the loan 1., the total amount of the loan: $, $, and $.

2. loan purposes: this loan can only be used for the needs of the company. It can not be used for other purposes, nor can it be used for illegal activities.

3. the term of loan: in the total amount of the loan, the loan can be checked in installments and in turn.

Therefore, the amount and time limit of each loan shall be agreed between the two sides. From the second stage loan, there must be a new mortgage contract signed and sealed by the legal representatives of both sides and the two sides. One of them will be sent to the notary public office of the city.

The term of the first phase of the loan is: the month of the month and the month of the year.

4. loan interest rate: the interest rate and interest bearing method of the loan shall be implemented in accordance with the provisions of the Bank of China.

5. the withdrawal of loans: (each period of the loan is extracted at one time or at a time, agreed by the two parties). Each party's withdrawal should be notified to Party B in advance, and it can be used by the Credit Department of Party B for examination and approval.

The first phase is loan.

6. the repayment of loans is guaranteed by Party A on a regular basis.

The source of capital repayment of Party A's repayment is the company's production, operation and other income.

If Party A requests repayment of loans from other sources, it must be agreed by Party B.

The last repayment period for the first phase of the loan is the year of the year.

7. the contract will continue to be effective when Party B agrees to delay payment.

Second collateral matters

1. the name of the mortgaged property: the name of the mortgaged property, namely, the people's Republic of China.

The 2. manufacturer is: manufacturer, manufacturer, manufacturer, manufacturer, manufacturer, manufacturer, manufacturer, manager, manager, manager, manager, manager, manager, manager.

The 3. model is the following: 1.

4., the number of them is: 1.

5. singleton: 1, 1, 2, 2, 2, 2, 2, 2, 2, 2, 2, 2, 2, 2, 2, 1, 2, 2, 2, 1, 2, 2, 1, 2, 2, 2, 1, 2, 2, 2, 1, 2, 5, 1, 2, 1, 2, 1, 2, 1, 2,

6. place to be placed in the area.

7. the total amount of the invoice of mortgaged property: the total amount of the total invoice amount is:

8. the term of mortgage: the year of the year (or the date when the loan contract comes into effect) until Party A repaid the principal and interest of Party B in connection with this contract.

Third obligations of Party A and B

(1) obligations of Party B:

1. Party A's mortgage should be kept properly, not lost or damaged.

2. after Party A has paid off the loan, all the deeds and * of the mortgaged property will be returned to Party A in full.

(two) Party A's obligations:

1., we should pay the principal and interest in strict accordance with the time stipulated in the contract.

2. guarantee that collateral will not be affected by Party A's bankruptcy, assets division and pfer during the period of mortgage. If Party B discovers that the collateral of Party A violates the circumstances of this clause, Party B will notify Party A to rectify or terminate the loan immediately, and recover all the loan principal and interest that has been lent.

3. Party A shall use the mortgage as a guaranty reasonably, and be responsible for the operation, maintenance, maintenance and related taxes of the mortgaged property.

4. Party A shall provide Party B with new collateral within 15 days due to intentional or negligence causing damage to the mortgaged property. If Party A fails to provide new collateral or guarantee, Party B shall have the right to reduce the loan amount accordingly, or to terminate this contract and recover the loan principal and interest that has been loaned.

5. Party A shall not lease, sell, pfer, remortgage or otherwise punish the mortgaged property without Party B's consent.

6. the collateral shall be insured by the insurance company of the insurance company, with Party B as the insurance beneficiary, and the insurance policy shall be kept to Party B. the insurance premium shall be borne by Party A.

If the insured collateral suffers losses due to force majeure, Party B shall have the right to recover the principal and interest of the mortgagor from the insurance company's compensation.

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Fourth 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 and causes economic losses to Party A.

2. if Party A fails to use the loan according to the loan contract, once it is discovered, Party B has the right to withdraw part or all of the loan ahead of schedule, and impose a penalty on the part of the original loan interest rate on the part of the original loan interest rate.

3. if Party A fails to pay interest on time, or has other breach of contract, Party B has the right to stop the loan and ask Party A to repay the principal and interest in advance.

Party B has the right to withhold from the account opened by any party in any bank, and from the date of expiry, the interest on the overdue part of the loan will be charged at% of the interest on loan.

4. if Party A fails to repay the interest on time, Party B may apply to the people's court having jurisdiction to apply for the auction of the mortgaged property for the purpose of compensating the principal and interest of the loan. If there is insufficient compensation, Party B shall still have the right to recover the claim from Party a.

Until Party A repaid the principal and interest of Party B.

Fifth other provisions

1. in case of any of the following circumstances, Party B has the right to stop issuing loans and recover the loans that have been made at once or at any time.

(1) Party A provides Party B with information, statements and materials which are not true.

(2) Party A and the third party have lawsuits, unable to repay the principal and interest of the loan to Party B.

(3) the total assets of Party A are insufficient to compensate its total liabilities.

(4) the guarantor of Party A violates or loses the conditions stipulated 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 reports and information.

3. Party A or Party B must notify the other party in writing before changing the contract or a clause in this contract. The terms and conditions of this contract are still valid until the agreement is reached between the two parties.

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4. Party A's loan application, loan voucher, payment and repayment plan and other written materials related to the contract shall be part of this contract and have the same legal effect as this contract.

Sixth, the cost of this contract is:

All costs relating to the estimation, registration and certification of mortgage shall be borne by Party A.

Seventh conditions for the entry into force of this Contract: this contract is a letter of credit which is notarized by the notary office of the Municipal Administration of the people's Republic of China and is enforceable in accordance with the law. If a party fails to perform the contract, the other party may apply directly to the people's court having jurisdiction over it according to the 168th provision of the civil procedure law.

This contract shall come into force from the date of issuance of the certificate, and notarization fee shall be borne by Party A.

Eighth dispute resolution:

This contract is governed by the laws and regulations of the PRC.

1. disputes arise between the two sides;

2. if the consultation fails, the relevant departments should be asked to mediate.

3. if the mediation fails, the people's court will take action.

There are three copies of this contract, one for each party, one for the notary office.

Party A: representatives of the company, the bank and account No.

Party B: representatives of the company, the bank and account No.