1、 Beijing Yiyang Xingcheng Real Estate Development Co., Ltd.Supervised by Industrial and Commercial Bank of ChinaIn accordance with relevant state laws and rules, the contract is made after negotiations between the both parties. Loan itemsArticle 1. The lender provides loan to the borrower to purchas
2、e 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.
3、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, 2024Article 5. Lender shall deposit the amount of loan in clause one by one-time to the Account opened by Beijing Yiyang Xingcheng Real Estate
4、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
5、 and interest.Article 7. Borrower opens saving account in Toutiao Saving Agent Established Name is YUE Jiangyan, Account Number is 0200210901024019426, 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
6、, 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 ove
7、r problems such houses 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 B
8、orrower 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 Sec
9、urities.（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 oblig
10、ations of Party C（6） othersArticle 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. M
11、ortgage itemsArticle 16.Borrower mortgages the real estate and all the poverties the attached list of mortgages to Lender, and promises to bear legal responsibilities.Article 17.The scope of mortgage includes principal and interest of loan （including the article 9）, punished interest and the cost of
12、 real claims.Article 18.After the sign of this contract, mortgage registration certification and other right certifications should be handed over to mortgagee.Article 19.Mortgagee should protect the mortgages carefully, be responsible for the maintenance of the mortgages, and be supervised by Lender
13、.Article 20.The value is changed because of mortgagers faults or others, mortgagee is not responsible.Article 21.Without the consent of mortgager, the mortgagee has no right to dispose the mortgages.Article 22.If Lender thinks it is necessary to reevaluate the mortgages, mortgagee should cooperate.A
14、rticle 23. The set of mortgages should register in administration for real estate, so the cooperation is required. Article 24.If the situation of article 13 occurs, Lender has right to dispose the mortgages in advance.Article 25.Borrower should go for insurance according to the requirement of Borrow
15、er.Article 26.All or part of the items in loan has nothing to do with the effect of mortgage items.Material mortgage itemsArticle 27. Borrower mortgages all the poverties the attached list of Material mortgages to Lender, and promises to bear legal responsibilities.Article 28. The scope of mortgage
16、is principal and interest of loan （including the article 9）, punished interest and the cost of real claims.Article 29. Borrower should hand over the right certification to Lender, and Lender should protect it carefully.Article 30. If the time of cashing valued bonds is ahead of the time of repayment
17、, methods of disposal as follows:（1） Cash the bonds to repay the loan.（2） Change into the fixed deposit as material mortgage.（3） Use the recognized equal deposit and bonds to change saving deposit and bonds.Article 31. Borrower has no right to report loss of any materials.Article 32. If the situatio
18、n of article 13 occurs, Lender has right to dispose the material mortgages.Article 33 All or part of the items in loan has nothing to do with the effect of Material mortgage itemsGuarantee itemsArticle 34. Guarantor is willing to offer guarantee to Borrower.Article 35.The scope of guarantee is princ
19、ipal and interest of loan （ including the article 9） ,punished interest and the cost of real claims.Article 36. Period of guarantee is two years after Borrower not fulfilling debts.Article 37. If guarantor can not fulfill the obligation of guarantee, Lender has right to deduct relevant cash payment
20、in account.,Article 38. Guarantor should promise to supervise Borrower pay on time.Article 39. Borrower has right to transfer debts to guarantor without the agreement of Lender.Article 40. Borrower uses state-adjusted new interest rate, guarantees agreement is not needed.Article 41. All or part of t
21、he items in loan has nothing to do with the effect of guarantee itemsOther itemsArticle 42. Where the dispute fails to reach agreement among the three parties, any of the parties may submit to the local Peoples Court or local arbitration organization for conciliation.Article 43. The Contract comes i
22、nto effect since signed by three parties.Article 44. The Contract ends as Borrower paying the payment in full.Article 45. Borrower has right to transfer the benefits in this contract to others without the approval of Lender and guarantorArticle 46.If Borrower and guarantor do not fulfill the obligat
23、ions regulated in the contract , enforcement is accepted.Article 47. If Borrower can not fulfill the payment, Lender has right to claim for compensation in any method.Article48. This contract is in triplicate, every party holds one.Article 49. Attached items. Industrial and Commercial Bank of China
24、（sealed）Authorized representative: WANG Jun （signature） YUE Jiangyan （signature） Beijing Yiyang Xingcheng Real Estate Development Co., Ltd. （sealed）Legal representative: （signature）Date of sign: Aug.20, 2004Appendix 1.List of MortgagesMortgagerYUE JiangyanAddressRoom 3-301, Zhusan, Mingliu Huayuan,
25、Beijing Telephone number13904645884Address of mortgageC-4-201, Junjing Yuan, Chaonei, Dongcheng DistrictFloor area（m2）Original value（RMB）Assessment valueRate of discount （%）Mortgaged valueSeried nomber of real estate certificaiton164.221,800,015By the negotiation between both parties, the mortgaged
26、properties are kept by Mortgagee. Without the approval of Borrower, sale, hire, mortgage and grant of the mortgages are prohibited.Mortgager: LV Hongzhan （signature）Date:Note: List of mortgages is one appendix of Chinese Industry &Commerce Bank Individual Mortgage Loan Contract for Purchasing Commercial Housing（Series No: A ZhuZi BeijingHang Dongcheng Branch 2004Year909）Appendix 2.
