DEMAND ON GUARANTOR Date: To: Re: Please be advised that the undersigned is the Holder of your guaranty dated __________,20___on wherein you guaranteed the debt owed us by ____________________ as evidenced by a certain promissory note dated _________,20__. You are hereby advised that payments on said debt are in default. To date the outstanding principal balance and accrued interest is $_________. Therefore, demand is hereby made upon you to honor said guaranty which requires that you pay the sum of ____________, forthwith. Very truly yours, __________________________
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* IMPORTANT *
A primary purpose of the Library has always been to provide no-cost legal information to anyone who wants or needs it. However, It's Vital that You Understand that most of our Forms are ONLY General, Generic Examples of possible formats & contents. Legal Requirements for Assignments, Leases, Contracts and many other business documents Can and Do Vary Greatly from State to State and can Change Often. To be Valid - and Not Create More Problems than it Solves - it MUST be Properly Drafted and Modified to fit Your Specific Location and Circumstances!
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[Last Revised 3/02]