Series No: A ［Zhu］Zi ［BJF］Hang ［Dongcheng ］Branch ［2004］Year ［0573］
Individual Mortgage Loan Contract For Purchasing
Commercial Housing
Borrower: YUE Jiangyan
Lender: Industrial and Commercial Bank of China
Guarantor: Beijing Yiyang Xingcheng Real Estate Development Co., Ltd.
Supervised by Industrial and Commercial Bank of China
I n accordance with relevant state laws and rules, the contract is made after negotiations between the both parties.
Loan items
Article 1. The lender provides loan to the borrower to purchase the residential house. The contracted loaning amount : RMB one million Four Hundred and Forty Thousand (￥1,440,000)
Article 2. Loan purpose: to purchase the housing locate in Room 201, Unit 4, Building C, Junjingyuan Lu, Dongcheng District, Beijing with a construction area of 164.22 square meters.
Article 3. Loan interests: (annual) interest 4.2‰and balance the interest by month.
Article 4. The loan term is Twenty years, from Aug. 20, 2004, to Aug. 20, 2024 Article 5. Lender shall deposit the amount of loan in clause one by one-time to the Account opened by Beijing Yiyang Xingcheng Real Estate Development Co., Ltd
Article 6. Borrower pay the principal and interest of the load under this contract in 240 installments, every one month being one installment. The amount of principal and interest to be paid for one installment is RMB 9,535.21. The way of payment is in equal account of principal and interest.
Article 7.Borrower opens saving account in Toutiao Saving Agent Established Name is YUE Jiangyan, Account Number is 0426, and promises to transfer the principal and interest of the load into it on time.
Article 8.Where Borrower does not repay as per the said regulations, Lender
may deduct 2.1 /ten thousand every day payment as damage.
Article 9. Where Borrower does not repay the interest of loan as per the said regulations, Lender may have right to charge double interests.
Article 10.Before distributing the loan, if Borrower has great conflict with house seller over problems such house’s quality and property, Borrower is authorized to cancel this contract, and shall decide whether continue the contract within half one year.
Article 11 After the delivery of the loan, if dispute occurs between borrower and Party C, the contract is still effective.
Article 12.If Borrower needs to refund in advance, it shall note Lender one month before refund day and the notice is irrevocable upon delivery.
Article 13 If one or more items as follows occur, Lender has right to expire the contract in advance, and deliver “information of repayment in advance”to Borrower and Securities.
(1) Violation of contract by Borrower
(2) The lost or death or non-heir of Borrower
(3) The heir of Borrower refuses to repay the loan
(4) Borrower does not repay the loan in series three installments, or cumulative
six installments.
(5) The alteration of securities leads to the advanced obligations of Party C
(6) others
Article 14.Either party wants to alter part of the articles of contract should inform the other party in written form and friendly negotiate. Another advanced agreement is excluded.
Article 15. Borrower is responsible for the cost. Another advanced agreement is excluded.
Mortgage items
Article 16.Borrower mortgages the real estate and all the poverties the attached list of mortgages to Lender, and promises to bear legal