DEMAND ON GUARANTOR

 

Date: ___________________

 

To: _______________________

 

Re: _______________________

 

Please be advised that the undersigned is the Holder of your guaranty dated ______

_______(month & day),______ (year) wherein you guaranteed the debt owed to us by _______________________ as evidenced by a certain promissory note dated ______

________(month & day),______ (year).  You are hereby advised that payments on said debt are in default.  To date, the outstanding principal balance and accrued interest is _______________ (amount) ($________).  Therefore, demand is hereby made upon you to honor said guaranty which requires that you pay the sum of _______________ (amount) ($________) forthwith.

 

 

 

_______________________________                                __________________

Signature                                                                                Date