Correction Agreement And Limited Power Of Attorney printable pdf download

CORRECTION AGREEMENT AND LIMITED POWER OF ATTORNEY

The undersigned borrower(s) for and in consideration of the approval, closing and funding of their

mortgage loan, do hereby grant Primary Title Services, LLC as settlement agent limited power of attorney

to correct and initial all typographical or clerical errors discovered in any or all of the closing documentation

required to be executed by the undersigned at settlement. This power shall include the ability to sign

documentation not present at closing provided said documentation does not exceed the limitations

enumerated following. In the event this power of attorney is exercised, the undersigned will be notified and

receive a copy of the document exercised or initialed on their behalf.

This Limited Power of Attorney may not be used to alter the terms of the loan, the understanding

between lender and borrower or increase cost to the borrower for anything other than mortgage

payoff or charges agreed to by the borrower for anything other than mortgage payoff or charges

agreed to by the borrower in advance. Any material changes to closing documents MUST BE

EXECUTED BY THE BORROWER.

This limited power of attorney is given to Primary Title Services, LLC solely for the purpose of expediting

the closing process and avoiding inconvenience to the borrower and does not give Primary Title Services,

LLC and Escrow any right of representation on the borrower’s behalf. Should the borrower not wish to

empower Primary Title Services, LLC to consummate the closing on his/her behalf, the borrower will so

indicate by signing the “Not Accepted” blank below and agree to cooperate fully with Primary Title

Services, LLC in a timely manner and guarantee to pay any extra expense incurred by Primary Title

Services, LLC by reason of the borrower(s) failure to appear in person in a timely manner. Primary Title

Services, LLC reserves the right not to disburse funds if borrower fails to do all things necessary to comply

with Lender requirements.

Accepted by Borrower(s)

Dated:

_______________________________________

_________________________________________

Rejected or revoked by Borrower(s)

Dated: ___________________________________

_______________________________________

_________________________________________

State of Illinois )

) SS

County of Cook )

This instrument was acknowledged before me this day of

_____________________________________

Notary Public

Correction Agreement And Limited Power Of Attorney