IN THE MATTER of section 92 of the Property Law Act 1952 AND IN THE MATTER of Memorandum of Mortgage Number Registry To: [Full name and last-known residential or business address of mortgagor] DEFAULT [Full name of mortgagee], being the mortgagee under the above-mentioned memorandum of mortgage, hereby gives you notice that you are in default under the mortgage as follows: *1. You have failed to pay [Specify each default of payment claimed, stating the amount, due date, and nature (for example, principal, interest, insurance premiums, etc.) of each missed payment, and such other particulars as are necessary to adequately inform the mortgagor of the nature and extent of the default.] The total amount now in arrear is $ *2. You have failed to observe or comply with the following covenant(s) in the mortgage: [Specify each default complained of, with sufficient particularity to adequately inform the mortgagor of the nature and extent of the default.] REMEDY 1 You are hereby required to remedy the said default(s) *(a) By payment of the sum of $ (b) By [Specify what action is required to remedy each default.] CONSEQUENCES 2 If you do not remedy each default before the day of 19 the mortgagee will have the right to sell the land described in the mortgage or to enter into possession of that land, and all money secured by the mortgage will become due and payable. Dated at this day of 19 [Signed by or on behalf of the mortgagee.] This notice is given by, whose address for service is COPY TO [Each subsequent mortgagee and caveator of whose name and address the mortgagee has actual notice.] *Delete whichever does not apply. NOTES 1 If the default complained of is incapable of remedy, omit this paragraph and substitute the words The said default is incapable of remedy. 2 If the default complained of is incapable of remedy, omit the words If you do not remedy each default before, and substitute the words On and after.