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Demand to Pay Collateral
DEMAND FOR COLLATERAL
Date:
To:
Dear:
Under an agreement dated ______________, 19__, you
pledged certain collateral as security for the prompt repayment
of a note of even date. Presently, you are in default under the
note because:
As the holder of the note, and agreement, demand is
hereby made of you to forthwith deliver up and surrender the
collateral attached in Schedule "A" to this letter at
_______________________________.
Very truly yours,
_____________________________
Form 118
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