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low <br /> Y2K Seller/Borrower Disclosure <br /> Placer Title Company has implemented such steps as it considers prudent in anticipation of <br /> any potential Y2K problems. One of these steps is to establish a policy for loan pay offs <br /> which occur from December 29'h through year's end. In order to minimize the risk of pay <br /> offs being delayed or lost in transmission to the lenders, we will not be wiring pay off <br /> funds. Rather, we will be mailing, by overnight mail, if available, or personally delivering, <br /> if local, all pay off checks issued from December 29, 1999 through December 31,1999. If <br /> either of these methods is not available, we will be sending the pay offs through the U.S. <br /> Mail. We will also be collecting, through escrow, a cushion of 10 days interest on the loan <br /> to account for possible delays in delivery of the funds, since your lender requires interest <br /> be paid through the date the pay off check is received. Of course, your lender will refund <br /> to you the excess amount of any pay off. <br /> If you wish us to wire the pay off funds, please let us know. While we will comply with <br /> your request, you will be required to execute an instruction requesting that we wire the <br /> funds, which acknowledges that we recommend against wiring pay off funds during this <br /> time frame and which holds this company harmless from any loss caused as a result of <br /> Y2K related delays. <br /> We would also urge you, if possible, to close your escrows before December 21, 1999 or <br /> after January 2, 2000. <br /> Thank you for your assistance and for letting us be of service to you. <br />