You will still have to pay back if any owed. After you sign you won't have to pay anymore because all your legal rights to the child will be terminiated.
If Mom agrees to let you voluntarily terminate your parental rights, then, no, you won't have to pay child support going forward (but will still have to pay any arrearage unless Mom agrees to forgive it). But DO NOT do this if it not what you want to do. If you want to be a father, fight for it. Get court ordered visitation, then if Mom refuses to allow you to see your child, she can be held in contempt of court.
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