11-2580S

FIRST INSERTION
NOTICE OF DEFAULT AND INTENT TO FORECLOSE
TO: Lu Williams and Michael Jetter:

YOU ARE NOTICED that Sea Club V Condominium Association, Inc. has filed a Claim of Lien for unpaid assessments, accrued interest thereon, and attorney's fees incurred by the Association incident to collection of the assessments or enforcement of the lien against the property described as (the “Timeshare Interest”):

Unit Week Number 36 in Condominium Parcel Number 211 of SEA CLUB V, a Condominium, according to the Declaration of Condominium thereof, recorded in Official Records Book 1422, Pages 293, et seq., and all amendment(s) thereto, if any, and according to the Plat thereof recorded in Condominium Book 16, Pages 2, et seq., of the Public Records of Sarasota County, Florida.

The assessments that you owe are set forth in the Claim of Lien, which is recorded as Official Records Instrument #2011055862, of the Public Records of Sarasota County, Florida. Presently, you owe $621.89 in assessments, $70.21 in interest thereon as of August 18, 2011, $25.00 in late fees, as well as attorney's fees and costs. Interest at the rate of eighteen percent (18%) per annum will be added to the amount of the unpaid assessments until all assessments are paid in full. Interest per day from and after August 18, 2011, on the outstanding principal balance, is $0.30.

If you wish to cure the default, you have until the date of trustee's sale to do so. Please remit your valid check or money order, payable to the Association, and mail it to Judd, Ulrich, Scarlett, Wickman & Dean, P.A., 2940 S. Tamiami Trail, Sarasota, Florida 34239. Payments may only be made for the full amount that is due the date the check is received, including all per diem interest.

If you fail to cure the default as set forth in this notice or take other appropriate action with regard to this foreclosure matter, you risk losing ownership of your timeshare interest through the trustee foreclosure procedure established in section 721.855, Florida Statutes. You may choose to sign and send to the trustee the objection form detailed in 721.855, exercising your right to object to the use of the trustee foreclosure procedure. Upon the trustee's receipt of your signed objection form, the foreclosure of the lien with respect to the default specified in this notice shall be subject to the judicial foreclosure procedure only. You have the right to cure your default in the manner set forth in this notice at any time before the trustee's sale of your timeshare interest. If you do not object to the use of the trustee foreclosure procedure, you will not be subject to a deficiency judgment even if the proceeds from the sale of your timeshare interest are insufficient to offset the amounts secured by the lien.

Richard A. Ulrich, Esq.
Judd, Ulrich, Scarlett, Wickman & Dean, P.A.
2940 South Tamiami Trail
Sarasota, FL 34239
Trustee for Sea Club V Condominium Association, Inc.

Aug. 26; Sept. 2, 2011 11-2580S