NOTICE TO PRIOR SECURED PARTY
OF PURCHASE MONEY SECURITY INTEREST
Date: _
To: _ (Prior Secured Parties)
This is to notify you that the undersigned has or expects
to acquire a purchase money security interest in and to the
following described collateral: (Describe)
_
Said collateral shall be sold to:
______________________________________
Name
______________________________________
Address
______________________________________ (Debtor).
Insofar as you have an existing security interest on record as against the same type collateral, this notice shall inform you of our priority claim to the property being sold.
Very truly,
______________________________
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