Common use of Scope of Mortgage Guarantee Clause in Contracts

Scope of Mortgage Guarantee. The scope of mortgage guarantee includes the principal debts’ principal, interest, penalty interest, compound interest, default fines, damages, and all costs borne by the Mortgagee arising from the realization of debts and mortgage rights such as litigation (arbitration) costs, legal costs, disposal costs and transfer fees, etc. For actual amounts in excess of the maximum balance due to changes in exchange rate, the Mortgagor is willing to bear the guarantee obligation.

Scope of Mortgage Guarantee. The scope of mortgage guarantee includes provided by the Contract covers the principal debts’ principaland interest of the principal claim, interest, penalty default interest, compound interest, default finespenalty for breach of contract, compensation for damages, and all litigation fees, costs borne by of preservation, costs of action, attorney’s fees, travel expenses, fees for disposal of the Mortgagee arising from the realization of debts and mortgage rights such as litigation (arbitration) costsmortgaged property, legal costs, disposal costs and transfer feesfees for realizing Creditor’s rights, etc. For actual amounts in excess double interest during the delayed performance of effective legal documents and other expenses payable under the maximum balance due to changes in exchange rate, the Mortgagor is willing to bear the guarantee obligationMain Contract.