【文章內(nèi)容簡介】 ould be the insured enjoying right of exclusive and being paid off with priority/ primary beneficiary, and no items against benefits of Party B shall be specified. The insurance term shall be longer than loan term under this contract. If term of loan under this contract is extended, the mortgager shall agree on the renewal insurance for the guaranty. The originals of insurance policy and renewal order shall be kept by Party B. If mortgager refuses extending the insurance term, Party B has the right to deal with insurance term extending instead of mortgager, and the renewal insurance cost shall be taken on by the mortgager. Should any losses caused by refusal of insurance or renewal insurance, or failing to pay for the insurance from mortgager, the mortgager shall take on them. Within the period of mortgage, the mortgager shall not discontinue or cancel the abovementioned insurance. Within the period of mortgage, should any accident happens to the guaranty, insurance pensation should be used for paying off the loan under this contract ahead of schedule with priority. When Party B and Party A change the contract (including, but not limited to, amount of loan, term of loan, interest rate, type of interest settlement, type of repayment, period of repayment, repayment amount for each period), the mortgager is no need to be notified if responsibility of mortgager is not increased accordingly, and the mortgager is still bear the responsibility of guarantee. Pledge Guarantee The pledger voluntarily pledges the movable assets/rights in Pledges List Attachment B of this contract, and agrees to be restricted by this contract. The coowner of the pledges under this contract agrees on pledging and be restricted by this contract. Party can exercise the pledge right in case one of following situations happens: (1) Party A fails to repay the due loan payable and/or other items payable based on this contract。 (2) Party breaches the contract, party B claims to take back the loan in advance, and Party B fails to be paid off or not fully paid off。 (3) Should the value of pledges is decreased, and the pledger fails to provide guarantee required by Party B, Party B can exercise the pledge right in advance. Party B can select any one of the following ways to realize the pledge right: (1) Discount of pledges in agreement with pledger。 (2) Auction of pledges。 (3) Sale of pledges。 (4) Other ways allowed by laws. When Party B and Party A change the contract(including, but not limited to, amount of loan, term of loan, interest rate, type of interest settlement, type of repayment, period of repayment, repayment amount for each period), there is no need to ask for approval of the pledger, and the pledger is still bear the responsibility of guarantee. The pledger shall provide to Party B the evidence certificates, after confirmation of Party B, and all certificates shall be kept by Party B. When Party A pays off the principal, interest and expenses for the whole loan under this contract, or the pledger pays off the guaranteed security instead of Party A, Party B shall return the pledges and relevant certificates to the pledger. Guarantee The guarantee form under this contract is joint liability assurance. The guarantee period is two years, from the day when the contract bees effective till the expiring day of liability fulfillment term under this contract. Within the term of loan, should the guarantor be declared bankrupt or be dissolved, or under insolvency to lose qualification of guarantee and ability, the guarantor should notify Party B in time, and Party should provide a new guarantee. Within the period of guarantee, when Party B and Party A change the contract (including, but not limited to, amount of loan, term of loan, interest rate, type of interest settlement, type of repayment, period of repayment, repayment amount for each period), the mortgager is no need to be notified if responsibility of guarantor is not increased accordingly, and the guarantor is still bear the responsibility of guarantee. All obligation of the guarantor under this contract is successive, and full binding force shall be put on his legal successor. Article 9 Miscellaneous Rights and Obligations Party A shall ensure the loan application data are plete, true, valid and legal, and cooperate with Party A to investigate, censor and check the data. At regular time or any time requested by Party B, Party A should provide the documents or certificates reflecting t