2. Article 33 of the Guarantee Law: The term "mortgage" as mentioned in this Law means that the debtor or a third party does not transfer the possession of the property listed in Article 34 of this Law, and uses the property as a guarantee for the creditor's rights. When the debtor fails to perform the debt, the creditor has the right to discount the debt or give priority to compensation with the price of auction or sale of the property in accordance with the provisions of this law.

3. Article 53 of the Guarantee Law: If the mortgagee has not been paid off at the expiration of the debt performance period, he may agree with the mortgagor to receive compensation by discounting the collateral or by auction or sale of the collateral; If the agreement fails, the mortgagee may bring a lawsuit to the people's court.

4. Article 196 of the Civil Procedure Law: The application for realizing the security interest shall be submitted by the security interest holder and other persons who have the right to request the realization of the security interest to the local people's court where the security interest is located or the basic people's court where the security interest is registered according to the property law and other laws.

5. Article 197 of the Civil Procedure Law: If the people's court decides to auction or sell the secured property after accepting the application, the parties may apply to the people's court for enforcement according to the ruling; If it does not meet the statutory requirements, the application shall be rejected by ruling, and the parties may bring a lawsuit to the people's court.