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 ____________________, 20__, 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,

____________________________