[Name and address of secured party]
NOTICE OF OUR PLAN TO SELL PROPERTY
[Name and address of any obligor who is also a debtor]
Subject: [Identification of Transaction]
We have your [describe collateral], because you broke
promises in our agreement.
[For a public disposition:]
We will sell [describe collateral] at public sale. A sale
could include a lease or license. The sale will be held as
You may attend the sale and bring bidders if you want.
[For a private disposition:]
We will sell [describe collateral] at private sale sometime
after [date]. A sale could include a lease or license.
The money that we get from the sale (after paying our
costs) will reduce the amount you owe. If we get less money
than you owe, you [will or will not, as applicable] still owe
us the difference. If we get more money than you owe, you will
get the extra money, unless we must pay it to someone else.
You can get the property back at any time before we sell it
by paying us the full amount you owe (not just the past due
payments), including our expenses. To learn the exact amount
you must pay, call us at [telephone number].
If you want us to explain to you in writing how we have
figured the amount that you owe us, you may call us at
[telephone number] [or write us at [secured party's address] ]
and request a written explanation. [We will charge you $ for
the explanation if we sent you another written explanation of
the amount you owe us within the last six months.]
If you need more information about the sale call us at
[telephone number] [or write us at [secured party's address]
We are sending this notice to the following other people
who have an interest in [describe collateral] or who owe money
under your agreement:
[Names of all other debtors and obligors, if