Fixed assetsMortgage contract
aFang (mortgagor
Unified Social Credit**:
Address: *BFang (Mortgagee
Unified Social Credit**:
Address: *Due to production needs, Party A and B apply for a loan from Party B as funds. The two parties have agreed through negotiation that Party B shall provide Party A with the loan amount agreed upon by both parties under the condition that Party A mortgages all its machinery and equipment (hereinafter referred to as Party A's collateral) as loan collateral to Party B. During the term of the loan, Party A has the right to use the collateral, and Party B has the ownership of the collateral until Party A repays the principal and interest of the loan. For this purpose, this contract is hereby concluded:
Article 1Loan contents
1. Total loan amount: RMB.
2. Purpose of the loan: The loan can only be used for the needs of the loan, and shall not be diverted for other purposes, let alone used for illegal activities.
3. Total term of the loan:
Under the total amount of the above-mentioned loan, the loan can be reviewed in installments and in installments. Therefore, the amount and term of each loan term shall be agreed upon by both parties respectively. From the second instalment of the loan, there must be a new mortgage contract signed and stamped by both parties and their legal representatives, which shall be an integral part of this contract and have the same legal effect as this contract.
The term of the first loan is: months, i.e. from XX-XX-XX to XX-XX-DD.
4. Loan interest rate: The interest rate and interest calculation method of this loan shall be implemented in accordance with the regulations of Bank of China.
5. Drawdown of loans:
Party A shall notify Party B one day in advance of each withdrawal, and Party B's credit department shall review and approve it before it can be used. The first instalment of the loan is drawn down in the first installment.
6. Repayment of loans.
Party A guarantees to take the initiative to repay the principal and interest on time within the loan term specified in each contract. The funds for Party A's repayment of this loan** are the company's production, operation and other income. If Party A requires the loan to be repaid with other **, it must be agreed by Party B.
The last repayment date of the first instalment of the loan is YYYYYYYYYYYYYYYYYYYYYYYYYYY
7. This contract shall continue to be valid under the condition that Party B agrees to Party A's postponement of repayment.
Article 2Collateral matters
1. The collateral is shown in the following table for the mortgage list
2. Mortgage term: from the effective date of this loan contract to the end of Party A's repayment of all loan principal and interest related to this contract.
Article 3Party A'sRights withObligations
1. The principal and interest should be repaid on the initiative in strict accordance with the time specified in the contract.
2. Ensure that the collateral will not be affected by Party A's bankruptcy, asset division and transfer during the mortgage period. If Party B finds that Party A's collateral violates this clause, Party B shall notify Party A to immediately correct or terminate the loan under this contract, and recover all the principal and interest of the loan that has been loaned.
3. Party A shall reasonably use the collateral and be responsible for the operation, repair, maintenance and related taxes and other expenses of the collateral.
4. Party A shall provide new collateral to Party B within 15 days due to intentional or negligent damage to the collateral, and if Party A is unable to provide new collateral or guarantee, Party B has the right to reduce the loan amount accordingly, or terminate this contract and recover the principal and interest of the loan.
5. Party A shall not lease, transfer, remortgage or otherwise dispose of the collateral without the consent of Party B.
6. The collateral shall be insured by Party A to the branch of Chinese People's Insurance Company, with Party B as the insurance beneficiary, and the insurance policy shall be handed over to Party B for safekeeping, and the insurance premium shall be borne by Party A. If the insured collateral suffers losses due to force majeure, Party B has the right to recover the principal and interest of the loan that should be repaid by the mortgagor from the compensation of the insurance company.
Article 4Party B'sRights and Obligations
1. The deed of the collateral handed over by Party A shall be properly kept and shall not be lost or lost.
2. After Party A pays off the loan at the end of the term, all the deeds and documents of the collateral shall be handed over to Party A.
SectionFivearticleLiability for breach of contract
1. If Party A fails to use the loan in accordance with the provisions of the loan contract, once discovered, Party B has the right to recover part or all of the loan in advance, and add penalty interest on the misappropriated loan part on the basis of the original loan interest rate.
2. If Party A fails to repay the principal on time, or has other breach of contract, Party B has the right to stop the loan and require Party A to repay the principal and interest of the loan in advance. Party B has the right to deduct from Party A's account in any bank and add interest to the overdue loan at the borrowing rate from the date of expiration.
3. If Party A fails to repay the interest and principal on time, Party B may also apply to the people's court with jurisdiction to sell the collateral to repay the principal and interest of the loan, and Party B still has the right to recover from Party A if there is any insufficient part to be compensated. Until Party A repays all the principal and interest of Party B's loan.
SectionSixarticleMiscellaneous
1. In the event of any of the following circumstances, Party B has the right to stop issuing the loan and immediately or immediately withdraw the loan that has been disbursed.
1) The information, statements and various materials provided by Party A to Party B are not true.
2) Party A has a lawsuit with a third party, and the court rules to lose the lawsuit, and after paying the compensation, Party A is unable to repay the principal and interest of the loan to Party B.
3) Party A's total assets are insufficient to cover its total liabilities.
4) Party A's guarantor violates or loses the conditions specified in the contract.
2. Party B has the right to inspect and supervise the use of the loan, and Party A shall provide Party B with relevant statements and information.
3. If either Party A or Party B requests to change the contract or a clause in this contract, it shall notify the other party in writing in advance, and the clauses in this contract shall remain valid until the two parties reach an agreement.
4. The loan application, loan voucher, payment and repayment plan and other written materials related to the contract provided by Party A shall be an integral part of this contract and have the same legal effect as this contract.
SectionSevenarticleAssumption of costs in connection with this contract
Party A shall be responsible for all costs related to the estimation, registration and certification of the mortgage.
SectionEightarticleMiscellaneous
1. If there is a dispute between Party A and Party B due to the performance of this contract, it shall be settled by both parties through negotiationIf negotiation or mediation fails, either party may file a lawsuit with the people's court with jurisdiction at the place where the plaintiff is located.
2. This agreement shall be established and take effect after being signed or sealed by both parties.
3. This agreement shall be executed in duplicate, one copy for each party, and each copy shall have the same legal effect.
There is no text below).
Party A (sealed):
Legal Representative (Signature):
Date: Party B (stamped):
Legal Representative (Signature):
Date: