Part IV Effect of mortgage.

抵押权的效力。

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Part three is about the effect of joint mortgage.

第三部分为共同抵押的效力。

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In part two, the effect of joint mortgage right is expounded and analyzed.

第二部分，阐述和分析共同抵押权的效力。

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In part two, the effect of joint mortgage right is expounded and analyzed.

第二部分，阐述和分析共同抵押权的效力。

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