Recorder - Registrar of Titles. A mortgage payoff letter can come in two forms.One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. In the amount and manner hereinafter specified, for value received, the undersigned. In the fall, MPHA submits an MTW Annual Plan in which MPHA describes the ways we intend to exercise our MTW flexibilities in the coming year. Primarily for mortgage refinancing, a lien subordination puts a new mortgage or UCC1 document at a higher priority than our lien. J.P. Morgan Chase Commercial Mortgage Securities Corp. , as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Servicer,.