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Promissory Note Default Notice

Re: Promissory note dated _______________

Amount due as of this date: $ _______
Dated: ___________
Dear __________:

Please be advised that the undersigned is the holder and owner of a certain promissory note made by you dated ______, in the original principal amount of $ _______ (__________________ &___/100 dollars.)

You are hereby notified that you have defaulted under said note because you have failed to pay the note when due.

Therefore, pursuant to the terms of the note, the holder herewith accelerates the payment of the full remaining interest and principal. Demand is hereby made upon you for full payment of the entire balance due on said note in the amount of $ _______ (_______________________________ &___/100 dollars), including interest accrued to date.

Note Holder

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