Whether the statute of limitations on the secured claim expires

The period of extinctive prescription is ten years after the defendant's secured claim is expired.

Article 162 of the Civil Act: Extinctive Prescription of Claim and Right of Property

2017 Mada8984 De-mortgage

Korea

AA

December 1, 2017

December 8, 2017

1. On February 24, 2003, the Defendant shall implement the procedure for registration of cancellation of the registration of the establishment of a neighboring mortgage, which was completed by the Receivingxxxxx, with respect to the real estate listed in the attached Form BB.

2. The costs of the lawsuit are assessed against the defendant.

Cheong-gu Office

The same shall apply to the order.

1. Indication of claim;

The reasons for the attached Form shall be as shown in the attached Form.

2. Applicable provisions;

Articles 208(3)2 and 150(3) of the Civil Procedure Act (Judgment on deemed as confession)