Pay Automatically

1. 1. By completing the Electronic Funds Transfer authorization, you are authorizing National City Mortgage to make your mortgage loan payment each month by automatically transferring funds from the financial institution account specified by you.
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   2. Your loan must be in a current status before EFT can be established.
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4. 3. Before your first automated payment, National City Mortgage will send you written notification of the transaction's start date. Please review and confirm this information for accuracy and report any errors or changes to National City Mortgage immediately. You are responsible for making all payments on time up to the initial automated payment date.
6. 4. If your scheduled automated payment date falls on a weekend or a legal bank holiday, the automated payment will occur on the next business day.
8. 5. Be sure to check your financial institution account statement to verify the date and amount of any automated payments initiated by National City Mortgage.  In the event of an error, please notify your financial institution and National City Mortgage immediately.
10. 6. Under the terms of your mortgage loan, your mortgage payment may change. This authorization allows National City Mortgage to adjust the amount paid from your financial institution account to accommodate these changes.
12. 7. If you wish to pay an additional amount toward your outstanding principal balance, this deduction will be made along with your regular monthly mortgage payment. You can change or eliminate this additional amount as long as you give National City Mortgage notification at least ten business days before the scheduled EFT payment date.
14. 8. National City Mortgage cannot automatically pay fees or additional escrow payments. Payments for fees or additional escrow must be mailed separately.
16. 9. You have the right to permanently terminate this authorization by notifying National City Mortgage at least ten days prior to the EFT payment date.
18. 10. If your financial institution returns an automated payment unpaid, National City Mortgage has the right to assess a reasonable fee. You are then responsible for mailing the payment to National City Mortgage. If your payment is not received by us before the end of your grace period, your payment will be counted as past due and the usual late payment fee will apply.
20. 11. National City Mortgage reserves the right to cancel this arrangement for any reason and will terminate it if:

    	your automated payment is returned by your financial institution because of "Authorization Revoked" or "Account Closed"
    	three automated payments are returned unpaid for insufficient funds within a consecutive 12-month period
    	you do not otherwise comply with these Terms and Conditions or your mortgage
    	your loan enters a foreclosure status

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