【正文】 credit is subject to record of Party B. Party B has the right to input the situation and information aforementioned into Personal Credit Data Base System established and/or approved by Financial Supervisory Authority. Article 10 Default Liability Fault liability occurs in case any one of the following situations happens: Party A changes the purpose of the loan。(2) Auction of pledges。(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。 or(ii) The mortgager shall deposit the pensatory money into the security money account prescribed by Party B as the Pledge Guarantee of this contract。(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 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. Within the period of mortgage, if the Party B and the mortgager who get information about the mortgaged premises should be removed shall inform Party B in written form in time. The Party B and the mortgager shall take the breach duties if they do not inform Party B in time. And with the consent of both Parties and the mortgager, Party B has the right to choose the following ways to deal with the removed premises:(1) If the mortgaged premises are removed and remedied by the way of swapping property right, Party B has the following rights:(i) Party A discharges the debt in advance。(2) Auction of guaranty。(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。 Expenses arising from realization of liability and guarantee right(including, but not limited to attorneys39。(3) The loan is used in manufacture and operation and the sum not exceeding 500,000RMB (4) Other circumstances prescribed by laws and regulations.Adopting the way of Independent Payment, Party A shall fill the Attachment D and explain specially the reasons for this application. the application provided by Party A shall be checked and approved by Party B and Party B can adopts the way of Independent Payment by Party A. Article 6 Repayment of the Loan Party A, based on relevant regulations of Party B, shall select ways of interest calculation, interest settlement and loan principal repayment under Article . The Party A shall pay off the principal, interest and other items in full prior to the stipulated due repayment day under this contract (details under Article ), by depositing one of any repayment account opened by Party B (Account name and Account No. are given in Article ), and irrevocably authorizes Party B to draw the funds receivable directly from the account above on the due repayment day. In case Party A breaches the contract, failing to repay the funds on due date or failing to pay funds in full, Party B has the right to charge higher interest rate on overdue loans as prescribed by the People’s Bank