A REGIONS

A REGIONS Business Banking / Special Assets P.O. Box 3370 Mall Code FLTP651STr Tampa, FL 33604 April 3, 2012 VIA CERTIFIED MAIL CMRR# STEVEN ALEXANDER W PALM BEACH FL 33406 Loanfl Dear Dr. Alexander: In reviewing your loan, Regions Bank has found the loan to be in default. Because of its status, I must request the loan balance to be paid In full. The total pay off to date is $207,655.06 . This amount includes principal, interest, late charges only with a per diem of $33.33. You will also be held responsible for any other fees that may be incurred as a result of repossession of any bank collateral associated with this loan as a result of delinquency. Failure to pay within ten (10) days from the date of this letter will result in Regions Bank accelerating the Note without further notice, and taking such additional steps as it deems necessary or appropriate, including but not limited to foreclosure, repossession, and/or filing suit against the borrower and any guarantors of the indebtedness. Any partial payment made will not operate as a waiver of the default or affect the bank's ability and intention to accelerate. Please mail payment in full to the following address. Regions Bank Dept. 2521 PO Box 2153 Birmingham AL 35203 Should you have any questions, I can be reached al Sincerely, J. Conaway Problem Asset Management- SD SAD EFTA01098958