【正文】 either of the parties may go to law in the local People’s Court where Party B lives. Article 13 Taking Effect and Termination of Contract The contract shall go into effect after signed by Party A and responsible person or the authorized representative of Party B, and sealed with mon seal and special seal for contract. And it will be terminated on the day that the whole loan principal from the Party B under the contract has been paid off, including the principal, interests and relevant expenses. In case the guaranty needs to be delivered, the guaranty shall bee effective upon delivery of document of title。 Require the guarantor to fulfill the guarantee liability。 Discontinue the release of the loan, and declare that the alreadyreleased loan under this contract is due in advance, requiring Party A pay off all due loan and relevant interest immediately。 Party A is deceased, declared disappearance or death, no heirs, donatee, property keeper, guardian after losing the capacity of civil conduct, or his heir, donatee, property keeper, guardian refuses to fulfill this contract。 Party A breaches the contract, failing to repay the funds on due date or failing to pay funds in full。 (3) Sale of pledges。 (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。 (4) Other ways allowed by law. The mortgager shall provide to Party B the Ownership certificate and other valid certification documents and relevant materials, after confirmation of Party B, all documentation aforementioned shall be kept by Party B. Under condition that Party A pays off the total loan principal and interest, and in fulfillment of all items under this contract, the mortgage relationship shall terminate. Within the period of mortgage, the mortgager shall inform the Party B in a written way all situations he knows or should know that have produced or may produce adverse impact on the guaranty Within the period of mortgage, the entire guaranty shall be taken good care of by the mortgager, who as well responsible for repair and maintenance to make sure that the guaranty is all preserved well, and subject himself to the supervision and inspection from Party B at any time. Within the period of mortgage, should any decreases happen owing to the action of mortgager, Party B has the right to request the mortgager to stop the action and restore the value or provide guaranty worth the equal value of the decreases within ten(10) days. Within the period of mortgage, without any written approval from Party B, the mortgager shall have no right to dispose the guaranty (disposing way includes, but not limited to, transferring, renting, selling, donating the guaranty). Within the period of mortgage, any money got by transferring the guaranty based on the approval of Party B shall be used for paying off the loan ahead of schedule or changed to fixed deposit for guarantee. As per the requests of Party B, the mortgager shall give an insurance upon his guaranty, and Party B should 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 fo