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PRIVATE SALE NOTICE

PRIVATE SALE NOTICE

 

 

Date:  ______________________

 

To:  ________________________

 

PURSUANT to the terms of a certain security agreement and promissory note dated ___________________, you are hereby notified that the property held as collateral under the security agreement and promissory note will be sold at a private sale on ______________(month & day), ______ (year).

 

The property to be sold at the Private Sale consists of _____________________ _________________________________________________________________.

 

The private buyer shall be __________________________________________.

 

You will continue to be responsible for any deficiency if the proceeds of the sale are insufficient to satisfy the full amount of your debt.  Your property may be reclaimed by paying the entire amount due before the sale.

 

 

 

____________________________________                             _________________

Signature                                                                                       Date



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