The established legal term of effect of registration of a contractual/statutory mortgage is 10 years of the date on which the registration is made.

The renewal of the effect of a registration of a contractual/statutory mortgage in the property register is the responsibility of the borrower and/or the third party debtor – mortgagor.

The Borrower shall pay all costs to provide and/or ensure providing by the third party debtors – mortgagors of the required documents and shall take and/or ensure taking by the third party debtors – mortgagors the relevant necessary actions for renewal of the effect of the registrations.

These obligations of the borrower arise from his/her contractual obligation to maintain and/or ensure the maintenance for the effective term of the loan agreement of a collateral acceptable to the Bank for the loan provided.

The costs for such renewal are calculated separately, for each separate mortgage and in general they include:

• A fee for registration with the Registry Agency.
• A notary fee for the certification of the signature of the bank’s representative on the application for renewal.

More information for the process of renewal and the specific amount of the applicable fees and how to make the payment can be obtained at

E-mail: SfofxDpmmbufsbmtSfubjmAVojDsfejuHspvq/CH

Phone number: 02 923 23 00

---

The bank may take official action to renew the registration of the mortgage(s), and the costs will be borne by you.

The bank shall have grounds to accelerate the loan with the respective consequences of such acceleration in case the Borrower and/or the third party debtors refuse to pay the respective fee for renewal of the effect of the provided collaterals before expiry of the established legal term of effect of the registration.