Termination of contract
Your Excellency Liu Xuan:
Because you failed to fulfill the repayment obligation according to the contract signed by both parties, it is a serious breach of contract, and you terminated the loan contract in advance according to the contract. I am writing to you as follows:
On February 22, 2004, you and China Bank Co., Ltd. Hohhot Babai Sub-branch signed the China Bank Housing Loan Contract, with the loan amount of 234,000 yuan and the term of 10 and 120, located in Guanghua Street, Qinyuan Community, Xincheng District, Hohhot 12 Building 1 20. As of February 17, 2009, you have failed to repay the loan principal and interest according to the loan contract for three consecutive payment periods. In addition, you have failed to repay on time for 47 installments. Therefore, according to the stipulations of the loan contract and relevant laws, you are hereby notified to terminate the loan contract ahead of schedule, and you are required to repay all the loan principal and interest in advance within three days. Principal 162709.04 yuan, interest 266 1 yuan, penalty interest 88 yuan, total 165458.04 yuan. Otherwise, apply to the people's court for compulsory execution, dispose of the collateral according to law, and give priority to collecting legal fees, execution fees, lawyer's agency fees, liquidated damages, compensation, loan principal, interest (including overdue penalty interest and compound interest) and other expenses for realizing creditor's rights from the auction and sale price of the house.
I am writing to inform you.
Bank of China limited
Hohhot Xinhua branch
April 2009 1 day