Common Contracts
1 similar null contracts
Redwood Credit Union Budget Drafting Plan AgreementIllinois • May 25th, 2016
I, the undersigned borrower(s)/co-borrower(s) (hereinafter referred to as "I" or "Borrower"), desire to enroll in an alternative Mortgage Loan payment plan with Redwood Credit Union (hereinafter referred to as "Lender" or "you") that automatically drafts one-half of what constitutes my regular monthly Mortgage Loan payment, as prepayment of my next Mortgage Loan payment, every two weeks from the checking or savings account indicated on page 4 of this document (my "Authorized Account") in lieu of the current Mortgage Loan payment method that I use to pay my Mortgage Loan, as hereinafter described (the "Budget Drafting Plan" or "Plan"). In this enrollment agreement (the "Agreement"), the term "Mortgage Loan" means my home loan, including the promissory note and
