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Notice of Default on Note
*** Please strike-out that which is "NOT" applicable and insert all pertinent "facts" and "information" in this notice ***
RE: NOTICE OF DEFAULT ON NOTE
PURSUANT to the terms of a certain promissory note dated the ________ day of ________, [Month] 20 __, the borrower has failed to make the required payment.
Failure to pay constitutes a default of the promissory note.
PURSUANT to the promissory note, the entire amount, including interest of [$------] is now due and payable.
You are the guarantor of the promissory note. Should you not pay the entire outstanding amount in the following [---] days, this matter will be forwarded for appropriate collection actions.