NOTICE OF DEFAULT ON NOTE
TO ENDORSERS
Date:
__________________
Name:
______________________
Address:
____________________
Be hereby notified that, due to payments in arrears,
____________________, is now considered in default under a certain promissory
note in the amount of ____________, dated ____________________. Under the terms and conditions of the note,
the entire amount of ________________________, including interest accrued to
date, is now due and payable. As
endorser of said note, you are legally liable to pay this amount.
If said amount is not paid, or the default is not
corrected within __________ days of this letter, collection proceedings will be
instituted, the costs of which (including attorney fees) you will also be
liable for.
________________________________ ___________________
Signature Date
