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Important
Note:
Forms are to be used as a guide only to assist you. No liability is assumed for errors in substance or form. It is your responsibility to revise the forms to meet current law
requirements and your particular situation. No liability is assumed for improper use of these forms.
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COLLECTION
DEMAND LETTER
______________________
______________________
______________________
______________________
Attention:
______________________
This is to
advise you that you are in default under the terms of the promissory note dated
______________________,
for failure to make the payments due thereunder on
______________________.
The total amount
due for those payments is $____________. It is imperative that full
payment be
received on or before ten (10) days form the date of this letter, or the term
for payment
of your
indebtedness will be accelerated and the entire principal balance and any unpaid
interest
will become
immediately due and payable and proper legal action will be taken to enforce
payment
thereof.
As you are
aware, the terms of the promissory note provide that interest accrues, form the
date of default,
at the highest rate allowable by law, and you are liable, upon default, for all
costs
and reasonable
attorney's fees incurred in collection. Govern yourself accordingly.
Sincerely,
______________________
BILL OF SALE
STATE OF
___________________)
) ss:
COUNTY OF
__________________)
KNOW YE ALL MEN
BY THESE PRESENTS,
That,
____________________, of ____________________________, for and in
consideration of
payment of the sum of $____________, the receipt of which is hereby
acknowledged, do
hereby grant, bargain, sell and convey to _________________________ of
________________________________,
and his heirs, executors, administrators, successors and
assigns the
following property:
(Description of
Property)
I hereby warrant
that I am the lawful owner of said property and that I have full legal right,
power and
authority to sell said property. I further warrant said property to be free of
all
encumbrances and
that I will warrant and defend said property hereby sold against any and all
persons
whomsoever.
IN WITNESS
WHEREOF, I, the seller, have hereto set my hand and seal this ____ day of
______________,
19____.
_____________________________
STATE OF
_____________________)
) ss:
COUNTY OF
____________________)
On this ____ day
of _________________, 19____, before me personally came and
appeared
______________________, known, and known to me, to be the individual described
in
and who executed
the foregoing instrument, and who duly acknowledged to me that he
executed same
for the purpose therein contained.
IN WITNESS
WHEREOF, I hereunto set my hand and official seal.
_____________________________
My Commission
Expires: ______________________
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