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The Bank for Savings IN THE CITY OF NEW YORK Chartered 1819 280 Fourth Avenue NEW YORK 10, N.Y. ALgonquin 4-1000 April 5, 1954 Mr. Michael A. Gitt 94 Kings Point Road Kings Point, New York Re: Loan No. 55455 94 Kings Point Road Kings Point, New York Dear Sir: We have refigured your account as of April 1st and find after payment of your School taxes there is a total shortage in your escrow account of $427.44 as shown on the enclosed escrow accrual statement. We will appreciate it if you will send us your remittance for the total shortage of $427.44 attached to the enclosed copy of this letter so that we will have sufficient funds on hand to pay future taxes and insurance premiums. Beginning with May 1st, 1954 and monthly thereafter until further adjustments may be necessary your monthly payments will be $190.58 as follows: Escrow - $ 76.64 Prin. & Int.- 113.94 $190.58 Very truly yours, [[signature]] J.T. Cook Accounting Department JTC/fi NEW YORK'S FIRST SAVINGS BANK