YOUR COMPANY NAME
YOUR COMPANY STREET ADDRESS
YOUR COMPANY CITY, STATE, ZIP
YOUR COMPANY PHONE AND FAX NUMBER

TODAY'S DATE

RECIPIENT'S COMPANY
ATTN: RECIPIENT'S NAME
RECIPIENT'S STREET ADDRESS
RECIPIENT'S CITY, STATE, ZIP

Your promissory note dated DATE is in default for failure to make your installment payments.  The installment due DATE for $___ has not been timely paid.

Consequently, we hereby accelerate said note and demand payment of the full balance due under the note in the amount of $___.  This includes accrued interest to date.

Should this balance not be fully paid within the next seven (7) days, we shall refer this note to our attorney, and charge to you all costs of collection as provided for in the note.