The creditors of the mortgaged properties which have been treated as credits shall have the priority to purchase such properties.

变卖已作为债权的抵押物时，该抵押物的债权人有优先购买权。

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Article 200 the buildings newly constructed on the land after the mortgage of the right to use construction land may not belong to the mortgaged properties.

第二百条建设用地使用权抵押后，该土地上新增的建筑物不属于抵押财产。

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No defect on the Mortgaged properties.

本合同项下抵押财产不存在瑕疵。

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In 1976 he mortgaged his hotels to buy some of the western properties that Atlantic Richfield had divested after buying Sinclair.

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