What are the ways of mortgage guarantee in the loan contract?

Legal analysis: the mortgage of loan contract is a guarantee measure taken by the mortgagor (borrower or third party) to ensure the performance of loan contract, that is, the mortgagor takes his own property or his legally managed property as the guarantee for the performance of loan contract; If the debtor (borrower) fails to perform the debt at maturity, the creditor has the right to discount it according to law or give priority to compensation with the price of auction or sale of the property. As a kind of real right guarantee, mortgage is more effective than credit guarantee. Collateral refers to the property provided by the mortgagor and approved by the mortgagee (lender). When the borrower fails to perform or fails to perform the obligations stipulated in the loan contract, the lender has the right to dispose of it in accordance with the provisions of laws and regulations or the loan contract. According to the provisions of China's civil code, the following properties can be used as collateral: houses owned by the mortgagor and other things fixed on the ground; Machines, means of transport and other property owned by the mortgagor; State-owned land use rights, houses and other fixed objects on the ground that the mortgagor has the right to dispose of according to law; State-owned machinery, vehicles and other property that the mortgagor has the right to dispose of according to law; The land use right of barren hills, gullies, hills and beaches contracted by the mortgagor according to law and mortgaged with the consent of the employer; Other property that can be mortgaged according to law.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 465 A lawfully formed contract shall be protected by law. A legally established contract is legally binding only on the parties, except as otherwise provided by law.

Article 466 If the parties have disputes over the understanding of the terms of the contract, they shall determine the meaning of the disputed terms in accordance with the provisions of the first paragraph of Article 142 of this Law. Where a contract text is concluded in two or more languages, and the agreement is equally authentic, the words used in each text shall have the same meaning. If the words and expressions used in each text are inconsistent, they shall be interpreted according to the relevant terms, nature, purpose and principle of good faith of the contract.