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Automatic Payment Option

Your mortgage will always be paid on time because your payment is electronically deducted from your account on the same day each month. This option also allows you to conveniently make extra principal payments and reduce the time it takes to pay off your mortgage.

 

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and continuing on the same day each month thereafter until written Notice of Cancellation is provided per the terms stated.
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ACCOUNT TO TRANSFER MONEY FROM

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Account Type

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I understand that by clicking submit, I hereby authorize Johnson Bank to process an automatic monthly transfer on my behalf from my deposit account at the financial institution named previously. I hereby authorize the amount to be transferred each month shall be the amount of the monthly mortgage payment at the time of the transfer. I further authorize changes in the amount of the monthly transfer as required under the terms of the note and mortgage. Either I/(we) or Johnson Bank may cancel the Automatic Payment Option contemplated by this agreement upon written notice 5 business days prior to the 1st of the month.
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