Notice of Payout of Mortgage

This Notice of Payout of Mortgage is from a mortgage borrower to a mortgage lender informing the lender that a mortgage will be paid off and to request a detailed pay-off statement. This notice sets out the names of the parties, the address of the mortgaged property and the date on which the mortgage will be paid in full. It is important that this notice be sent in writing so that the lender will have notice of the payoff and borrower will have a current and correct pay-off amount. (continued ...)