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Notice of Default
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
____________________, 19__, 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,
____________________________
Form 108
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