NOTICE OF DEFAULT ON PROMISSORY NOTE


Date: ______________________


To: ________________________


Reference: Promissory Note dated _______________________, 19____, in the 

original amount of $ _________________________.


Payment was due on ___________________________, 19____.

Payment has not been received.  Please pay the amount due within the next

seven days.


If payment is not made within the specified period, we shall proceed to 

enforce our rights to collect the entire balance.

If it becomes necessary to hire the services of an attorney or to pay  

a collection agency, borrower then resumes the responsibility of additional

expenses incurred in the collection.


Cordially,



___________________________________
Lender
















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