Date:  ________________


To:  _______________________



Under an agreement dated ___________________, you pledged certain collateral as security for the prompt repayment of a note of even date.  Presently, you are in default under the note because:  _____________________________________________.


As the holder of the note, and agreement, demand is hereby made of you to forthwith deliver up and surrender the collateral attached in Schedule "A" to this letter at:  ____





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Signature                                                                                           Date