NOTICE OF INTENTION TO FORECLOSE
(Under Security Agreement)
To ______________________________________________, Debtor
Address_________________________________________________
You are hereby notified that the undersigned intends to
foreclose under provision of that certain Agreement executed
by you on the _______ of ______________19 , whereby certain
personal property described as follows was given as security
for the payment of indebtedness to Secured Party named below.
(Description)
You are hereby further notified that unless you pay, within
___ days from the date hereof, to the undersigned, holder
and owner of the said Agreement, at their office address,
which is listed below, the sum of $ , all of which
is now due and payable pursuant to the conditions of said
Agreement, plus charges at the rate provided for in said
Agreement, from date hereof to date of payment, SECURED
PARTY SHALL TAKE POSSESSION OF SAID PROPERTY. Further, if
said property sells for less than the amount then due under
terms of the Agreement, you will be obligated to pay the
deficiency.
Dated__________________ _______________________________
SECURED PARTY
Address________________________
_______________________________
By_____________________________