COLLECTION DEMAND LETTER (FIRST)

______________________________

(Date)

______________________________

______________________________

______________________________

______________________________

Dear _________________________:

     As of the date of this letter, your payment which was  due on _________________ has not been received and is now past due.

     If you have already forwarded your  payment, please disregard this letter;  otherwise,  please forward your payment immediately in order to  avoid default under the promissory note and security  instrument dated  ____________________.

               Sincerely,

               ______________________________