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8. As permitted by Minnesota Statutes Section 507.401 Burnet Title will prepare and record a Certificate of Release with the county recorder's office/registrar of titles upon paying off any mortgage lien under 1.5 million dollars. For each Certificate of Release prepared, Burnet Title will charge and collect from the Seller(s) a $46.00 recording fee payable to the county and a payoff verification and processing fee payable to Burnet Title. Upon payoff of mortgage liens exceeding $1.5 million. or where certain types of liens are involved, where as Burnet Title is not able to issue a Certificate of Release as permitted by 507.401, Burnet Title will provide each creditor with directions to prepare a satisfaction or release, and unless Burnet Title has received insurable evidence that the lien holder will cause the lien to be released, Burnet Title will charge and collect from the Seller(s) either a $46.00 recording fee payable to the county and or a $5.00 recording fee payable to district court along with a payoff verification and processing fee payable to Burnet Title. Burnet Title does not guarantee that a creditor will provide an acceptable and recordable satisfaction or release of the mortgage or lien. The creditor's acceptance of the pay off figure as shown on the settlement statement is not guaranteed by Burnet Title. The pay-off may include satisfaction fees, county recording fees, escrow shortage fees, late fees, or other fees which the seller(s) may have previously consented to by agreement. 9. If Burnet Title is disbursing the transaction, we deposit funds received on your behalf in state or federally- chartered banks that are insured by the Federal Deposit Insurance Corporation ("FDIC"). The account is currently held at Wells Fargo Bank, N.A. FDIC deposit insurance coverage applies to a maximum amount of $250,000 per depositor for deposits held in the same legal ownership category at each bank. For example, funds held on your behalf in an account maintained by us will be combined with any individual accounts held directly by you at the same bank. You are responsible for monitoring the total amount of deposits that a re owned directly or indirectly by you in any one bank. If you have questions about FDIC deposit insurance, contact your financial or legal advisors or go to http://www.fdic.gov/deposlt/deposits/index.html. We do not guarantee the solvency of any bank into which funds are deposited and we assume no liability for any loss you incur due to the failure, insolvency or suspension of operations of any bank or the insufficiency of the $250,000 FDIC deposit insurance limit. If you have any concerns or questions regarding our fees or our pricing practices, please contact us. BURNET TITLE APPRECIATES THIS OPPORTUNITY TO PROVIDE TITLE SERVICES! 5151 Edina Industrial Boulevard, Suite 500, Edina, MN 55439 I P 952-844-6200 I F 952-886-6800 www.BurnetTitle.com