PURSUANT to the terms of a certain promissory note dated _______________, the borrower has failed to make the required payment. Failure to pay constitutes a default of the Note.
PURSUANT to the Note, the entire amount, including interest, _______________ dollars ($______) is now due and payable. You are the guarantor of the Note. Should you not pay the entire outstanding amount in the following _____________ (__) days, this matter will be forwarded for appropriate collection actions.
Signature and Date