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                                        NOTICE OF DEFAULT

  

      Date:

  

      To:

  
 

                Re:

 
                Please be advised that the undersigned is the holder of a

        certain promissory note made by you dated ______________________,

        in the original principal amount of $__________________.

 

                You are hereby notified that you have defaulted under

        said note because you have failed to pay the installment due

        ____________________, 19__, in the amount of $_______________.

 

                Therefore, demand is hereby made upon you for full

        payment of the entire balance due on said note in the amount of

        $_____________, including interest accrued to date.

 

                If the entire amount due is not received on or before

        _____________________, I shall instruct legal counsel to commence

        legal proceedings against you.  Attention to the note, which

        obligates you to pay in addition to the principal balance and

        interest, costs of collection, including attorney's fees.

 

                Your prompt attention to the foregoing is anticipated.

 

                                        Very truly yours,

  

                                        ____________________________