Notice of Default Form
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NOTICE OF DEFAULT Date: To: Re: Please be advised that the undersigned is the holder of a certain promissory note made by you dated ____________________, in the original principal amount of $________________. You are hereby notified that you have defaulted under said note because you have failed to pay the installment due ____________________, 20__, in the amount of $_______________. Therefore, demand is hereby made upon you for full payment of the entire balance due on said note in the amount of $_____________, including interest accrued to date. If the entire amount due is not received on or before _____________________, I shall instruct legal counsel to commence legal proceedings against you. Attention to the note, which obligates you to pay in addition to the principal balance and interest, costs of collection, including attorney's fees. Your prompt attention to the foregoing is anticipated. Very truly yours, ____________________________
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[Last Revised 3/02]
