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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