Fill and Sign the Notice of Default for Past Due Payments in Connection with Contract for Deed Virginia Form

NOTICE OF DEFAULT PAST DUE PAYMENTS UNDER CONTRACT FOR DEED TO: ________________________ ________________________ ________________________ THIS NOTICE OF DEFAULT CONCERNS THE CONTRACT FOR DEED ENTERED into by and between ________________________ (SELLER) and ________________________ (PURCHASER), regarding property located at the following address: _____________________________________________ . YOU ARE IN DEFAULT IN MAKING PAYMENTS DUE TO SELLER UNDER THE CONTRACT FOR DEED. THIS NOTICE IS TO INFORM YOU THAT THE SELLER HAS THE RIGHT TO TERMINATE THE CONTRACT FOR THE PURCHASE OF THE PROPERTY LOCATED AT THE ADDRESS ABOVE BASED UPON YOUR FAILURE TO MAKE TIMELY PAYMENTS. THE SELLER WILL BEGIN TERMINATION OF THE CONTRACT UNLESS BEFORE THE _______ DAY OF __________________ , 20 _______ , YOU CURE THE DEFAULT AS FOLLOWS: YOU PAY TO SELLER: (1) $ __________________ , which represents the past due payments for the months of __________________ ; PLUS (2) $ __________________ in late fees. TOTAL DUE: ________________________ IF YOU FAIL TO PAY THE ABOVE PAYMENTS WITHIN THE TIME PERIOD SPECIFIED IN THIS NOTICE, YOU WILL STAND IN BREACH OF THE CONTRACT AND SELLER MAY TAKE APPROPRIATE ACTIONS FOR BREACH WHICH COULD INCLUDE YOU LOSING ALL THE MONEY YOU HAVE PAID ON THE CONTRACT, YOUR RIGHT TO POSSESSION OF THE PROPERTY, AND YOUR EVICTION FROM THE PROPERTY. __________________ ___________________________ (DATE) (SIGNATURE OF SELLER) ________________________ (PRINTED NAME)