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Promissory Note Default

Date:

Name

Address

RE: NOTICE OF DEFAULT ON PROMISSORY NOTE

Dear Sir/Madam:

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.

Should you not correct the default or pay the entire outstanding amount within [---] days from the date and signing of this letter, this matter will be forwarded to our counsel for appropriate collection actions.

Sincerely,

______________________