NOTICE OF DEFAULT
To ………………… (address) …………………….. as trustee (or beneficiary) under that certain deed of transfer in trust executed by ……….., as Trustor, to ……….., as Trustee and ………….., as beneficiary, dated …………., recorded in Book …., Page … of official records in the office of the Country Recorder of ……. Country, State of ……….., hereby give(s) notice that a breach of the obligation for which such transfer in trust is security has occurred, the nature of said breach being the failure to (state each item of default, such as the failure to pay principal, or installments thereof, interest, taxes, insurance, etc.), and that the Trustee (or beneficiary) chooses to sell, or cause to be sold the trust property in order to satisfy said obligation.
(Insertion if default is curable)
Notice
You May Have The Right to Cure The Default Described Herein And Reinstate The Mortgage or Deed of Trust Section…..Of The Civil Code Permit Certain Defaults to Be Cured Upon Payment of The Amount Required By That Section Without Requireng Payment of That Portion of Principal And Interest Which Would Not Be Due Not Be Due Had No Default Occurred.Where Reinstatement is Possible,If The Default is Not Cured Within……………..Following The Recording of This Notice,The Right of Reinstatement Will Terminate And The Property May Be Sold.
To Determine in Reinstatement is Possible And The Amount , If Any ,Necessary to Cure The Default , Contact The Beneficiary or Mortgagee or Their Successors in Interest, Whose Name And Address is ……………At Any Failureto Fulfill With The Provisions of The Subdividion Shall Not Affect The Validity of a Sale in Favor of a Bona Fide Purchaser or The Right of An Encumbrancer For Value And Without Notice
Dated: …………..
……………………
(Trustee or Beneficiary)
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