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FIRST INSERTION
NOTICE OF DEFAULT
AND INTENT TO FORECLOSE
NON-JUDICIAL PROCEEDING
TO FORECLOSE A MORTGAGE
BY TRUSTEE
VISTANA DEVELOPMENT, INC. a Florida Corporation,
(Lienholder) vs.
Ronald T. Gatts
Susan E. Gatts
(Obligor(s))
To: Susan E. Gatts
2624 Pine Lake Trail
Uniontown, OH 44685
YOU ARE NOTIFIED that a TRUSTEE'S NON-JUDICIAL PROCEEDING to enforce a lien has been instituted on the following described real property:
Unit Week 08 in Unit 2302, an Even Biennial Unit Week, VISTANA CASCADES CONDOMINIUM together with all appurtenances thereto, according and subject to the Declaration of Condominium of Vistana Cascades Condominium, as recorded in Official Records Book 5312, Page 2312, Public Records of Orange County, Florida, and all amendments thereof and supplements thereto, if any.
Obligor(s) are currently in default under the terms of the mortgage dated 10/28/10, recorded in the public records of Orange County, Florida in Mortgage Book/Page 10126/4207. Your unpaid balance due as 01/01/12 is $7,563.17 which accrues interest at $2.71 per day.
If you fail to cure the default or take other appropriate action with regard to this foreclosure matter within thirty (30) calendar days after the date of this notice, you risk losing ownership of your timeshare interest through the trustee foreclosure procedure established in ยง721.856 F.S. You may choose to sign and send to the Trustee an objection form, 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.
Any response or inquiry should be made in writing to Philip W. Richardson, who is serving as trustee in this matter, at the following address;
Eck, Collins & Richardson
924 West Colonial Drive
Orlando, FL 32804
August 22, 29, 2013 13-04862W