Private Sale Notice

Date: ______________________

To: ________________________

PURSUANT to the terms of a certain security agreement and promissory note dated ___________________, you are hereby notified that the property held as collateral under the security agreement and promissory note will be sold at a private sale on _________________, 20____.

The property to be sold at the Private sale consists of: _________________________

The private buyer shall be _______________________.

You will continue to be responsible for any deficiency if the proceeds of the sale are insufficient to satisfy the full amount of your debt. Your property may be reclaimed by paying the entire amount due before the sale.


__________________ _________________

Signature Date

Contract law requirements

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