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(b)__A description of any liability for a deficiency of the | | person to which the notification is sent; |
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| | | (c)__A telephone number from which the amount that must be | | paid to the secured party to redeem the collateral under | | section 9-1623 is available; and |
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| | | (d)__A telephone number or mailing address from which | | additional information concerning the disposition and the | | obligation secured is available. |
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| | | (2)__A particular phrasing of the notification is not | | required. |
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| | | (3)__The following form of notification, when completed, | | provides sufficient information. |
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| | | [Name and address of secured party] |
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| | | NOTICE OF OUR PLAN TO SELL PROPERTY |
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| | | [Name and address of any obligor who is also a debtor] |
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| | | Subject:__[Identification of Transaction] |
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| | | We have your [describe collateral] because you broke promises in | | our agreement. |
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| | | [For a public disposition:] |
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| | | We will sell [describe collateral] at public sale.__A sale could | | include a lease or license.__The sale will be held as follows. |
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| | | You may attend the sale and bring bidders if you want. |
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| | | [For a private disposition:] |
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| | | We will sell [describe collateral] at private sale sometime after | | [date].__A sale could include a lease or license. |
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| | | 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. |
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