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Notice of Sale of Collateral at Public Auction
TAKE NOTICE that pursuant to the laws of [state] and in accordance with the Security Agreement and Promissory Note, both executed by [name] on [date], we will, on [date], at [hour] AM [PM] [time zone], at [address], sell to the highest bidder for cash, the following personal property that is described in the Loan Agreement:
[list of property].
This sale will be made to satisfy the balance of the indebtedness now due under the Security Agreement and Promissory Note, amounting at the date of this Notice to ........ dollars ($........) plus interest, attorney fees, and the costs and expenses of repossession and sale.
The rights of the persons who executed the Security Agreement in the property will be foreclosed by the sale.
Any deficiency will be due from the persons who executed the Security Agreement.