Payoff Statement Form Page 2
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2OPTIONAL SECTIONS
{This is an Adjustable Rate Mortgage. Under the terms of this loan the next Change Date for the
Next Rate Change Date
interest rate charged is
. We will only issue a payoff good
through the next Change Date. If the closing date is past the next Change Date an updated
Payoff Statement from us will be required.}
{If loan has quotable per diem interest, then “Funds received after
Per Diem Amount
will be subject to an additional $
of interest per day.”} FUNDS
Posting Cut Off Time
MUST BE RECEIVED BY
FOR SAME-DAY
PROCESSING.
PAYOFFS ARE NOT POSTED ON WEEKENDS OR HOLIDAYS.
INTEREST WILL BE ADDED TO THE ACCOUNT FOR THESE DAYS.
Next Due Date
NOTE: This Note/Security Instrument is due for payment on
.
If
Number of Days
payment is not received within
of the current payment due date, a late
Amount
charge of $
will be assessed. Please add that amount to the payoff total.
Escrow Disbursement Amounts & Dates:
Escrow Description
Amount Held
Next Disbursement Date
$
Escrow Description
Amount Held
Next Disbursement Date
$
Escrow Description
Amount Held
Next Disbursement Date
$
Release of Lien Processing:
{Provide the Servicer’s practice regarding releases (i.e. The Servicer will prepare the
release of lein; the title company must prepare the release of lein. The release is mailed
to the county, borrower, or Title Company for recording.)}
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