Notice of Intent to Exercise Warehouse Lien By Auction Form - Business People Club - Start, Manage and Grow Your Business

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Notice of Intent to Exercise Warehouse Lien By Auction Form

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To________________________
  ________________________
  ________________________

In accordance with the Uniform Commercial Code, or Warehouse
Receipt Act,____________________________ hereby gives notice
that it has a lien upon property stored within their
facilities by you, for your account, or in which you claim
an interest, amounting to the sum of $         which is now
due and described as follows:
       ___________________________________________________
       ___________________________________________________
       ___________________________________________________

The goods against which the lien of this company exists
consists of_______________________________________________
__________________________________________________________
__________________________________________________________
received on _____________________, as evidenced by our
warehouse receipt under Lot No._____________, issued in the
name of _________________.

We hereby demand that the amount of $       be paid in cash,
or by money order or certified check on or before__________,
and notify you that unless said claim is paid wihin the
herein specified time, the goods will be advertised for sale
and sold at Public Auction at our warehouse, or Public
Auction house located at ___________________________________
on _________________, sale beginning at ____.

The proceeds of such sale shall be applied to the payment of
the amount of the lien, including reasonable charges of
notice, sale and advertisement.  If there is a deficiency
after said sale, you shall be held liable for said
deficiency and judgment may be entered against you.

No employee or agent of this Company has the authority to
permit the release or withdrawal of any portion of the goods
from a public auction sale upon receipt of a payment on
account of less than the entire amount due, except by
written agreement.  The acceptance of a payment of less than
the full amount due in the absence of a written agreement
shall not constitue a waiver on the part of this Company to
proceed with the herein described sale.

                                  _________________________
                                  By_______________________

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