This Waiver of Default is given by a creditor to a debtor and sets forth in writing that the debtor is in default under the terms of a credit agreement. By this waiver a creditor agrees to waive the default if the debtor agrees to certain terms and conditions. A written Waiver of Default will prove valuable in the event of future disagreements or misunderstandings.

Among others, this form includes the following provisions:

• Parties and Agreement Description: This provision sets out the names of the debtor and the creditor and the agreement in default;
• Default: This provision sets forth in detail the particulars of the default, the amount due and the due date;
• Signatures: The waiver must be signed in order for it to be effective.

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This attorney-prepared packet includes:

1. General Instructions
2. Waiver of Default for California

State Law Compliance: This form complies with the laws of California