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Text File  |  1996-09-03  |  1.5 KB  |  38 lines
  1.  
  2.              NOTICE OF INTENTION TO FORECLOSE
  3.                 (Under Security Agreement)
  4.  
  5. To ______________________________________________, Debtor
  6.  
  7. Address_________________________________________________
  8.  
  9. You are hereby notified that the undersigned intends to
  10. foreclose under provision of that certain Agreement executed
  11. by you on the _______ of ______________19  , whereby certain
  12. personal property described as follows was given as security
  13. for the payment of indebtedness to Secured Party named below.
  14.  
  15.                       (Description)
  16.  
  17. You are hereby further notified that unless you pay, within
  18. ___ days from the date hereof, to the undersigned, holder
  19. and owner of the said Agreement, at their office address,
  20. which is listed below, the sum of $         , all of which
  21. is now due and payable pursuant to the conditions of said
  22. Agreement, plus charges at the rate provided for in said
  23. Agreement, from date hereof to date of payment, SECURED
  24. PARTY SHALL TAKE POSSESSION OF SAID PROPERTY.  Further, if
  25. said property sells for less than the amount then due under
  26. terms of the Agreement, you will be obligated to pay the
  27. deficiency.
  28.  
  29. Dated__________________      _______________________________
  30.                                       SECURED PARTY
  31.  
  32.                                  Address________________________
  33.  
  34.                                  _______________________________
  35.  
  36.                                  By_____________________________
  37.  
  38.