Common use of Borrower's Right to Terminate the Plan Clause in Contracts

Borrower's Right to Terminate the Plan. Upon 30 calendar days' prior written notice, I am permitted to cancel this Agreement for any reason. To the extent possible, I will also provide you with 30 calendar days' prior written notice of my intent to payoff my Mortgage Loan prior to its natural payoff date under the Plan. If I do not provide you with 30 calendar days' prior written notice of a payoff, then I understand that your system might draft an extra draft from my Authorized Account following my payoff, in which case I understand that such payment will be returned to me after the tenth business day following that draft.

Borrower's Right to Terminate the Plan. Upon 30 calendar days' prior written notice, I am permitted to cancel this Agreement for any reason. To the extent possible, I will also provide you with 30 calendar days' prior written notice of my intent to payoff pay off my Mortgage Loan prior to its natural payoff date under the Plan. If I do not provide you with 30 calendar days' prior written notice of a payoff, then I understand that your system might draft an extra draft from my Authorized Account following my payoff, in which case I understand that such payment will be returned to me after the tenth business day following that draft.