Collection Letter 5

DEMAND ON PROMISSORY NOTE

(your name)
(street aress)
(city! state! "i#)

Date$$$$$$$$$$$$$$$$$$

To%
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$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$


Attention% $$$$$$$$$$$$$$$$$$$$$

T&is is to a'ise you t&at you are in e(ault uner t&e terms o( t&e #romissory note
ate $$$$$$$$$$$$$$$$$! (or (ailure to ma)e t&e #ayments ue t&ereuner
o( $$$$$$$$$$$$$$$$$*
T&e total amount ue (or t&ose #ayments is +$$$$$$$$$$$* It is im#ortant t&at (ull
#ayment ,e recei'e on or ,e(ore ten (-.) ays (rom t&e ate o( t&is letter! or t&e
term (or #ayment o( your ine,teness /ill ,e accelerate an t&e entire #rinci#al
,alance an any un#ai interest /ill ,ecome immeiately ue an #aya,le*
As you are a/are! t&e terms o( t&e #romissory note #ro'ie t&at interest accrues!
(rom t&e ate o( e(ault! at t&e &i0&est rate allo/a,le ,y la/! an you are lia,le! u#on
e(ault! (or all costs an reasona,le attorney1s (ees incurre in t&e collection o( t&is e,t*
I( necessary! le0al action /ill ,e ta)en to en(orce #ayment o( t&is #romissory
note* Please ma)e t&e a,o'e #ayments to a'oi any (urt&er collection action*

Sincerely!
(name)
(title)
(#&one)