DIY Legal Forms

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Promissory Note Default Notice

[Company Letterhead]

[Date]

[Mr/Mrs/Ms/Dr] [Debtor's First Name] [Debtor's Last Name]

[Title]

[Company]

[Address]

[City] [State] [Zip]

RE: PROMISSORY NOTE DATED [DATE].

Amount due as of this date: [$------].

Dear [Mr/Mrs/Ms/Dr] [Last Name]:

Please be advised that the undersigned is the holder and owner of a certain promissory note made by you dated [Date], in the original principal amount of [$------]. You are hereby notified that you have defaulted under said note because you have failed to pay the note when due.

Therefore, pursuant to the terms of the note, the holder herewith accelerates the payment of the full remaining interest and principal. 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.

Sincerely,

[Your Name]

[Your Title]

[Your Telephone Number]