FROM SECURED CREDITOR TO BORROWER DEMANDING PAYMENT
FROM SECURED CREDITOR TO BORROWER DEMANDING PAYMENT
[DATE, ex. Wednesday, June 11, 1998]
[NAME, COMPANY AND ADDRESS, ex.
John Smith
XYZ Inc.
1234 First Street
Suite 567
Anycity, Anystate 85245]
Dear [NAME, ex. John Smith],
Notice is hereby given that [BORROWER=S NAME] has defaulted in payment of its indebtedness to us. As of [DATE, ex. June 30, 1998], [BORROWER=S NAME] the indebtedness amounts to [FULL AMOUNT OF DEBT, INCLUSIVE OF PRINCIPAL AND INTEREST, ex. $24,691.88] inclusive of principal advances and accrued interest.
We therefore demand payment in full of of [BORROWER=S NAME] unpaid indebtedness to us in the amount of [FULL AMOUNT OF DEBT, INCLUSIVE OF PRINCIPAL AND INTEREST, ex. $24,691.88] on or before [DATE OF DEADLINE FOR REPAYMENT, ex. November 30, 1998], failing which we will take such action as may be necessary to effect repayment, including realization under any collateral security delivered to the us.
Kindly govern yourself accordingly.
Sincerely,
[YOUR NAME, ex. Jill Jones]
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