Notice of Intention to Foreclose
NOTICE OF INTENTION TO FORECLOSE (Under Security Agreement)
To ______________________________________________, Debtor
Address_________________________________________________
You are hereby notified that the undersigned intends to foreclose under provision of
that certain Agreement executed by you on the _____ of ____ 2016, whereby certain
personal property described as follows was given as security for the payment of
indebtedness to Secured Party named below.
* foreclose = 담보권을 행사하다/ security agreement = 보증 협약서/ debtor = 채무자[국]
* undersigned = (특정 문서의) 서명인/ under the provision of ~ = ~의 규정에 의거하여
* execute = (법적 문서를 서명・날인 등을 하여) 작성하다/ whereby = (그것에 의하여) ~하는
* personal property = 동산(動産) / indebtedness = 부채, 채무/ secured party = 담보권자
(Description)
You are hereby further notified that unless you pay, within ___ days from
the date hereof, to the undersigned, holder and owner of the said Agreement,
at their office address, which is listed below, the sum of $ ___, all of which is
now due and payable pursuant to the conditions of said Agreement, plus charges
at the rate provided for in said Agreement, from date hereof to date of payment,
SECURED PARTY SHALL TAKE POSSESSION OF SAID PROPERTY. Further, if
said property sells for less than the amount then due under terms of the Agreement,
you will be obligated to pay the deficiency.
* hereby = 이에 의하여, 이로써/ hereof = 이 문서의, 이것의/ pursuant to ~ = ~에 의하여
* take possession of ~ = ~을 취득하다/ be obligated to ~ = ~해야만 하다/ deficiency = 결손금
Dated __________________ Secured Party ____________________
Address_______________________ By ________________________
