NOTICE
OF DEFAULT
[l-Date]
To:
[r-Name]
[r-Address]
From:
[s-Name]
[s-Company]
[s-Address]
[s-Phone]
Dear [r-FName]:
[r-Name] as trustee
(s-Beneficiery) under that certain deed of transfer in trust executed
by [r-Name], as Trustor, to [s-Name], as Trustee and [r-Name], as
beneficiary, dated [s-Date], recorded in Book [vol.], Page
[s-VolNumber] of official records in the office of the County
Recorder of [r-Name] County, State of [s-State], hereby give(s)
notice that a breach of the obligation for which such transfer in
trust is security has occurred, the nature of said breach being the
failure to [state each item of default , such as the failure to pay
principal, or installments thereof, interest, taxes, insurance,
etc.], and that the Trustee (or beneficiary) elects to sell, or cause
to be sold the trust property in order to satisfy said obligation.
[Insertion
if default is curable]
NOTICE
YOU MAY HAVE THE
RIGHT TO CURE THE DEFAULT DESCRIBED HEREIN AND REINSTATE THE MORTGAGE
OR DEED OF TRUST. SECTION [NUMBER] OF THE CIVIL CODE PERMITS CERTAIN
DEFAULTS TO BE CURED UPON PAYMENT OF THE AMOUNTS REQUIRED BY THAT
SECTION WITHOUT REQUIRING PAYMENT OF THAT PORTION OF PRINCIPAL AND
INTEREST WHICH WOULD NOT BE DUE HAD NO DEFAULT OCCURRED. WHERE
REINSTATEMENT IS POSSIBLE, IF THE DEFAULT IS NOT CURED WITHIN
[s-TIMEPERIOD] FOLLOWING THE RECORDING OF THIS NOTICE, THE RIGHT OF
REINSTATEMENT WILL TERMINATE AND THE PROPERTY MAY BE SOLD.
TO DETERMINE IF
REINSTATEMENT IS POSSIBLE AND THE AMOUNT, IF ANY, NECESSARY TO CURE
THE DEFAULT, CONTACT THE BENEFICIARY OR MORTGAGEE OR THEIR SUCCESSORS
IN INTEREST, WHOSE NAME AND ADDRESS IS [r-Name] AT [r-Address].
ANY FAILURE TO
COMPLY WITH THE PROVISIONS OF THIS SUBDIVISION SHALL NOT AFFECT THE
VALIDITY OF A SALE IN FAVOR OF A BONA FIDE PURCHASER OR THE RIGHTS OF
AN ENCUMBRANCER FOR VALUE AND WITHOUT NOTICE.
_____________________________ _________________
Signature Date
