| TERMS OF SALE:__(State the deposit amount to be | paid by the purchaser at the time and place of the | sale and the times for payment of the balance or | the whole, as the case may be. The time-share | estates, if more than one, must be sold in | individual lots unless there are no individual | bidders, in which case they may be sold as a | group. |
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| Other terms to be announced at the sale. |
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| Signed ........................ |
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| Holder of Mortgage or authorized agent. |
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| (f)__The notice of sale in the forms described in | divisions (d) and (e), published in accordance | with the provisions of this section, together with | such other or further notice, if any, constitutes | sufficient notice of the sale. |
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| (2)__The foreclosure sale must be conducted pursuant to | this subparagraph. |
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| (a)__The foreclosure sale must take place on the | time-share property or some other location within | the same town as the time-share property. |
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| (b)__The foreclosure sale must be by public | auction, conducted by an auctioneer or attorney | licensed to practice in the State.__At the | discretion of the auctioneer or attorney, the | reading of the names of the time-share owners, if | more than one, the description of time-share | estates, if more than one, and the recording | information, if more than one instrument, may be | dispensed with. |
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| (c)__All rights of redemption of the time-share | owner are extinguished upon sale of a time-share | estate. |
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| (d)__The managing entity, the foreclosing person or any time- | share owner may bid at the foreclosure sale.__The successful | buyer at the foreclosure sale takes title to the time-share | estate free and clear of any outstanding assessments owed by the | prior time-share owner to the managing entity.__A purchaser at a | sale is not required to complete the purchase if there are liens | and encumbrances, other than those included in the notice of | sale, that are not stated at the sale and included in |
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