Notice of Public Sale of Collateral

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

NOTICE OF PUBLIC SALE OF COLLATERAL

DATE: {{notice_date}}

TO: {{debtor_name}}

{{debtor_address}}

AND TO ALL OTHER INTERESTED PARTIES

RE: Notification of Public Sale of Collateral - Account Number: {{account_number}}

Please be advised that pursuant to the terms of the Security Agreement dated {{security_agreement_date}} between {{debtor_name}} (hereinafter referred to as "Debtor") and {{company_name}} (hereinafter referred to as "Secured Party"), by which Debtor granted Secured Party a security interest in the collateral described below to secure an obligation (hereinafter referred to as the "Obligation"), and due to Debtor's default under the terms of the Security Agreement for failure to make payments as agreed, the Secured Party will sell the collateral at a public sale.

DESCRIPTION OF COLLATERAL

The collateral to be sold is described as follows:

{{collateral_description}}

DETAILS OF PUBLIC SALE

NOTICE IS HEREBY GIVEN that the Secured Party will offer the above-described collateral for sale to the highest bidder at a public sale on the following terms and conditions:

Date of Sale: {{sale_date}}

Time of Sale: {{sale_time}}

Location of Sale: {{sale_location}}

Terms of Sale: The collateral will be sold "AS IS, WHERE IS," without any warranties or representations, express or implied. Payment in full must be made by cash, certified cheque, or bank transfer at the time of sale. The Secured Party reserves the right to bid at the sale. The Secured Party reserves the right to postpone or adjourn the sale from time to time without further notice, other than by announcement at the time and place appointed for the sale.

DEBT OWED

The outstanding principal amount of the Obligation as of {{calculation_date}} is {{outstanding_principal_amount}}. Accrued interest, late fees, and other charges continue to accumulate. The proceeds from the sale will be applied to the costs of collection and sale, including legal fees, and then to the satisfaction of the Obligation. Any surplus will be remitted to the Debtor or as required by law. Should the proceeds be insufficient to satisfy the Obligation, the Debtor shall remain liable for any deficiency.

RIGHT TO REDEEM

You have the right to redeem the collateral by paying the entire outstanding Obligation, including all accrued interest, late fees, and the reasonable expenses incurred by the Secured Party in preparing for sale, at any time before the sale takes place. To exercise your right of redemption or to obtain details of the exact amount required for redemption, please contact {{contact_person}} at {{contact_phone}} or {{contact_email}}.

FURTHER INFORMATION

For any further information regarding the collateral or the sale, please contact the undersigned.

This notice is given in accordance with the provisions of applicable law concerning secured transactions in {{jurisdiction}}.

Signature Block

Sincerely,

{{company_name}}

__________________________

{{authorized_signatory_name}}

{{authorized_signatory_title}}