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Case 07-14291-sr Doc 42 Filed 12/15/09 Entered 12/15/09 10:56:50 Desc Main

Notice of Payment Change

Escrow Account Disclosure Statement

Document Page 1 of 2

Mail Code 10-6438-EA5
P.O. Box 12646
Reading, PA 19612-2646

Representation Of Printed Document

12285-0004651-001-000-010-000-000

ROBIN D JOHNSON

5039 ERRINGER PL

PHILADELPHIA PA 19144-4117

LOAN NUMBER:
DATE:

2096000645
SEPTEMBER 28, 2009

Customer Service: 1-800-232-5200

Hours: 9:00 a.m. to 5:00 p.m. (ET) Monday through Friday

Email us at: [email protected]

At least once every 12 months, Sovereign Bank reviews the
amount of Real Estate Taxes, and Insurance paid from your
escrow account. This review, called an Aggregate Escrow
Analysis, determines if any of these items have increased or
decreased from the previous year. If there was an increaseor
decrease, your payment will be adjusted.

Mortgage Payment

New Payment Amount:

$954.90

BREAKDOWN

Principal/Interest
Escrow Payment
Shortage Payment

TOTAL PAYMENT

PRIOR ANALYSIS

NEW ANALYSIS

634.65
264.10
29.71

928.46

634.65
283.35
36.90

954.90

New Payment Effective:

December 1, 2009

SHORTAGE PAYMENT OPTIONS

1. Do not pay the escrow shortage in full, instead spread the shortage

over a 12 month period, and your new payment would be:

$954.90

2. Pay the escrow shortage of $442.85 in full, using the below Escrow

Shortage Coupon at least 30 days prior to the effective date and your
new payment would be:

$918.00

If your payment is issued by a third party, or if you make your payments through a bill pay service,
please take the appropriate action to ensure that the new amount is updated with the service provider.

*

If you choose to pay the escrow shortage in full you will automatically
receive a new coupon book or a new billing statement.

Projections for the Coming Year

ANTICIPATED ESCROW DISBURSEMENT

PROJECTIONS FOR THE COMING YEAR

HOMEOWNERS INS
CITY TAX

1,510.00
1,890.21

TOTAL DISBURSEMENTS

3,400.21

ESCROW PAYMENT
(TOTAL DISBURSEMENTS
DIVIDED BY 12 PAYMENTS)

283.35

Date

Payments Disbursements

Description

STARTING ESCROW BALANCE

DEC 09
JAN 10
FEB 10
MAR 10
APR 10
MAY 10
JUN 10
JUL 10
AUG 10
SEP 10
OCT 10
NOV 10

283.35
283.35
283.35
283.35
283.35
283.35
283.35
283.35
283.35
283.35
283.35
283.35

0.00
0.00
-1,890.21
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-1,510.00
0.00

CITY TAX

HOMEOWNERS INS

Balance
1,164.01
1,447.36
1,730.71

123.85 ALP
407.20
690.55
973.90
1,257.25
1,540.60
1,823.95
2,107.30
880.65
1,164.00



Required
1,606.86
1,890.21
2,173.56

566.70 RLP
850.05
1,133.40
1,416.75
1,700.10
1,983.45
2,266.80
2,550.15
1,323.50
1,606.85

F
7
0
8
0
-
0
0
0
2
-
4
2
7

See reverse side for History Information.

Determining Your Escrow Shortage/Surplus

Anticipated Low Point (ALP)
Required Low Point (RLP)
ESCROW SHORTAGE

123.85
566.70
-442.85





Your escrow balance may contain a cushion (RLP). A cushion is an amount of money held in your escrow account to prevent your escrow balance from being
overdrawn when increases in the disbursements occur.
RESPA/Federal law, authorizes a maximum escrow cushion not to exceed 1/6th of the total annual anticipated escrow disbursements made during the above
cycle. Private Mortgage Insurance (PMI), if any is not included in the cushion.
If the anticipated low point calculation (ALP) is less than the required low point (RLP), you have a shortage.
If the anticipated low point calculation (ALP) is more than the required low point (RLP), you have a surplus.
Under RESPA/Federal law, your shortage can be spread over 12 months.
The shortage divided by12 payments = 36.90 *
OPTIONAL ESCROW SHORTAGE COUPON

PLEASE DETACH AND RETURN THIS PORTION WITH YOUR PAYMENT. PLEASE ALLOW 7 TO 10 DAYS FOR POSTAL DELIVERY.









Name:
ROBIN D JOHNSON

SOVEREIGN BANK
PO BOX 12649
READING PA 19612-2649

Account #
2096000645

Shortage Amount
$442.85

AMOUNT ENCLOSED $

4 4 2

,

8

.

5





See shortage payment options above.
This coupon must accompany your check when paying the
shortage.

• We are unable to accept escrow shortage payments



electronically or through a bill pay service.
Please allow 10 days from receipt of the shortage payment
to adjust your escrow payment.

Case 07-14291-sr Doc 42 Filed 12/15/09 Entered 12/15/09 10:56:50 Desc Main

Document Page 2 of 2

YOUR NEW PAYMENT FOR THE COMING YEAR
PRIOR ANALYSIS

634.65
264.10
29.71

928.46

NEW ANALYSIS
634.65
283.35
36.90

BREAKDOWN
Principal/Interest
Escrow Payment
Shortage Payment

TOTAL PAYMENT

SHORTAGE PAYMENT OPTIONS

1. Do not pay the escrow shortage in full, instead spread the shortage

over a 12 month period, and your new payment would be:

$954.90

954.90

2. Pay the escrow shortage of $442.85 in full, using the below Escrow

Shortage Coupon at least 30 days prior to the effective date and your
new payment would be:

$918.00

If your payment is issued by a third party, or if you make your payments through a bill pay service,
please take the appropriate action to ensure that the new amount is updated with the service provider.

*

If you choose to pay the escrow shortage in full you will automatically
receive a new coupon book or a new billing statement.

ANNUAL ESCROW ACCOUNT DISCLOSURE STATEMENT

ACCOUNT HISTORY

LOAN NUMBER:

2096000645

DATE:

SEPTEMBER 28, 2009

This is a statement of your actual escrow account transactions beginning December, 2008 and ending November, 2009. Next to the
Actual Activity is the Anticipated Activity. Anticipated Activity represents the transactions we had projected as occurring during this
cycle. By comparing the actual escrow payment with the previous projections listed, you can determine where a difference may have
occurred. We are providing it to you for information purposes. It does not require any action on your part.

Your anticipated low point may or may not have been reached based on one or more of the following factors:

PAYMENT(S)

TAXES

INSURANCE

• Payment(s) received were less than OR

• Tax rate and/or assessed value

greater than expected

• Payment(s) received earlier OR later

than expected

• Previous overage was returned to

escrow

• Previous deficiency/shortage not paid

entirely

changed

• Exemption status lost or changed
• Supplemental/Delinquent tax paid
• Tax bill paid earlier OR later than

expected

• Tax installment not paid
• Tax refund received
• New tax escrow requirement paid

• Premium changed
• Coverage changed
• Additional premium paid
• Insurance bill paid earlier OR later than

expected

• Premium was not paid
• Premium refund received
• New insurance escrow requirement paid
• Force placed insurance premium paid

1-800-232-5200

Email us at: [email protected]

PAYMENTS TO ESCROW PAYMENTS FROM ESCROW ESCROW BALANCE

MONTH ANTICIPATED

ACTUAL

ANTICIPATED

DESCRIPTION

ACTUAL

DESCRIPTION

DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
TOTAL

264.10 *
264.10 *
264.10 *
264.10 *
264.10 *
264.10 *
264.10 *
264.10 *
264.10 *
264.10 *
264.10
264.10
3,169.20

566.53
293.81
293.81
293.81
293.81
293.81
293.81
293.81
293.81
293.81

0.00 E
0.00 E

3,210.82

0.00
0.00

1,890.22 *

CITY TAX

0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,279.00
0.00
3,169.22

HOMEOWNERS INS

0.00
0.00
1,890.21
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,890.21

STARTING BALANCE

CITY TAX

ANTICIPATED
1,626.12
1,890.22
2,154.32

528.20 TLP
792.30
1,056.40
1,320.50
1,584.60
1,848.70
2,112.80
2,376.90
1,362.00
1,626.10

ACTUAL
765.78
1,332.31
1,626.12

29.72 ALP

323.53
617.34
911.15
1,204.96
1,498.77
1,792.58
2,086.39
2,086.39
2,086.39

Under federal law, when your actual escrow balance reaches its lowest point, that balance is targeted not to exceed 1/6th of the annual
anticipated disbursements or $528.20. Your loan documents or state law may specify a lower amount.

Under your mortgage contract or state or federal law, your targeted low point escrow balance (TLP) was $528.20. Your actual low point
escrow balance (ALP) was $29.72.

An asterisk (*) indicates a difference in either the amount or date. When applicable, the letter "E" beside an amount indicates that a
payment or disbursement has not yet occurred but is estimated to occur as shown.