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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 27, 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 Michael A. & Cornelia K. Gitt Dear Mr. Gitt With further reference to our letter of April 5, 1954, we understand that the insurance accruals in this case are to be waived for the future. We have, therefore, refigured your account and find that the shortage is $252.00 instead of $427.22, and we will appreciate it if you will send us your remittance for $252.00 attached to the enclosed copy of this letter. Beginning with May 1, 1954 and monthly thereafter until further adjustments may be necessary, your monthly payments will be $184.72 as follows. Escrow................... $70.79 Principal & Interest..... 113.94 $184.73 Yours very truly, J.T. Cook Accounting Department JTC:MEA Enclosure