Zhongguo Xinhe (logo)

Guangxi Rural Credit Union (Rural Commercial Bank, Rural Cooperative Bank)

Contract for Mortgage Guarantee

Rural Credit Cooperative Union (Rural Commercial Bank, Rural Cooperative Bank)

Contract for Mortgage Guarantee

Respectful customer: in order to safeguard your legal rights and interests, please read carefully all the clauses (especially the clauses in bold) of the contract to care about your rights and obligations under the contract before signing the contract. If you have any query about the contract, please consult the creditor.

The contract is entered into by all the parties upon unanimity through consultation in accordance with the relevant national laws, rules and regulations. The contract is made up of general clauses and special clauses, both of which have the same legal effect.

Part 1 General Clauses

Mortgage

In order to ensure the obligations of the debtor under the main contract specified in Article 17.1 to be earnestly fulfilled and safeguard the realization of the creditor’s rights of the guarantee, the guarantor is willing to provide mortgage guarantee to the guarantee with its property that it has the right to dispose. The contract is entered into by the mortgager and the mortgagee upon unanimity through consultation in accordance with the relevant national laws, rules and regulations, with a view to define the rights and obligations of the both parties. Except otherwise specified by the contract, the explanation to the terms of the contract shall be subject to the main contract.

Article 1 Type and amount of the guaranteed main creditor’s right: see Article 17.2 of the contract.

Article 2 Period for the debtor to perform the debt: see Article 17.3 of the contract.

Article 3 Mortgage object

3.1 For the mortgage object, please see the mortgage object list specified in Article 17.4 of the contract.

3.2 The mortgage object list is an integral part of the contract and serves as an attachment of the contract.

3.3 The stipulation on the value of the mortgage object in the mortgage object list neither serves as valuation basis for the mortgagee to dispose the said mortgage object nor has any limitation for the mortgagee to exercise the mortgage rights. The final value of the mortgage object is subject to the net proceeds from actual disposition of the mortgage object when the mortgage rights are realized. Article 4 Scope of the mortgage guarantee

The scope of the mortgage guarantee under the contract includes as follows: the debt principal under the main contract, interest, penalty interest, compound interest, default fine, damage compensation, litigation fee, arbitration fee, execution fee, and other fees for the creditor to realize the creditor’s rights and guarantee rights.

Article 5 Effectiveness of the mortgage rights

The effectiveness of the mortgage rights under the contract not only covers the mortgage object itself, but also covers its accessory, secondary right, subrogation rights, ancillary, mixture, separator, processing product, fructus and substitutional object.