Notice of Default on Installment Promissory Note

Dear :

This letter relates to the promissory note dated , of which you are the maker, in the original principal amount of (the "Note"). I amMy company is the current holder of the Note. This letter is to notify you that you have defaulted on the installment payment under the Note due on , in the amount of .

IWe hereby demand payment of this past-due installment. Unless Iwe receive your payment for , which includes additional fees of , by , Iwe will proceed to enforce our rights under the Note for collection of the entire balance.