by emily on July 20, 2012
NOTE SECURED BY DEED OF TRUST (STRAIGHT NOTE)
$…………. ……..(city and state)…… ..(date)…
`………………………………………….after date for value received I promise to pay to ………………… …………………………………………….or order, at ………………………………………………… payable………………. or sooner, secured by Assignment of Deed of Trust on the following described land:
(Legal Description)
Should default be made in payment of principal or interest, the whole sum of principal and interest shall, at the option of the holder of this note, become immediately payable.
Principal and interest payable in lawful money of the United States. If action is instituted on this note, the undersigned promises to pay such sum as the Court may adjudge as attorney’s fees. This note is secured by a Deed of Trust to …………………..
………………… ……………………..
………………… ……………………..
Note Secured by Deed of Trust Straight Note
by emily on July 17, 2012
LETTER OF DEFAULT ON PROMISSORY NOTE
Date: _
To: _
Reference is made to a certain promissory note under date of _, 20_, in the original amount of $_. You have defaulted under said note in that the installment due on _, 20_, in the amount of $_ is outstanding.
Accordingly, demand is hereby made upon you for full payment of the entire balance on said note in the amount of $_, including accrued interest to date.
In the event the entire balance is not paid within the next ten days, I shall refer this matter to an attorney resulting in additional costs of collection with interest and fees.
Warm Regards,
_____________________________
Letter of Default on Promissory Note
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