Notice To Endorsers Of Default On Note

Date: ___________________________

Name: __________________________

Address: ________________________

________________________

Be hereby notified that, due to payments in arrears, ______________ ("borrower"), is now considered in default under a certain promissory note in the amount of $__________, dated __________. Under the terms and conditions of the note, the entire amount of _________, including interest accrued to date, is now due and payable. As endorser of said note, you are legally liable to pay this amount.

If said amount is not paid, or the default is not corrected within _________ of this letter, collection proceedings will be instituted, the costs of which (including attorney fees) you will also be liable for.

Sincerely,

__________________________

Signature and Date