Notice To Defaulter: Collateral Demanded

Sample

[DATE, ex. Wednesday, June 11, 2006]

 

[NAME, COMPANY AND ADDRESS, ex.
Robert Brown
XYZ Inc.
1234 First Street
Suite 567
Anycity, Anystate  85245]

Dear [NAME, ex. Robert Brown],

Regretfully, unfortunate circumstances have caused us to write this letter to you.

We are writing to inform you that you are in default under our security agreement of [DATE, ex. January 5, 2006] for the following reason{s}:

[LIST REASON(S), ex.
Failure to pay second installment of $12,000 per clause 4(b)]

As provided in our security agreement, we hereby request and demand that you surrender possession of the collateral listed therein to us immediately.

Sincerely,

 

[YOUR NAME]