Notice(1)

Page 1

NOTICE IN THE MATTER OF THE REGISTERED LAND ORDINANCE AND IN THE MATTER OF CHARGES REGISTERED OVER PARCEL 60804/45, THE BIGHT & THOMAS STUBBS, PROVIDENCIALES, TURKS & CAICOS ISLANDS. To:

Janet Leann Smith Providenciales Turks & Caicos Islands

Via Hand Delivery TAKE NOTICE THAT, you have failed to make the payment due as required under the abovementioned Charges registered as instrument numbers 2102/04 and 2103/04 at the Turks and Caicos Islands Land Registry within the time limit required under the terms of the Charges and the said default has continued for more than one month. Without prejudice to any earlier notice in respect of interest, Notice is hereby given that unless payment in full of all outstanding balances of principle and interest is paid within three months of the date of service of this Notice upon you, the Chargee shall exercise all rights contained in the said Charges and under section 72 of the Registered Land Ordinance including, without prejudice to the generality of the foregoing, their right to appoint a Receiver and/or sell the Charged Property. For the avoidance of doubt as at June 10, 2014 the outstanding sum of principal and all interest accrued thereon amounts to $130,234.57 representing principal of $105,110.18, interest on principal of $1 0, 734.20, additional fees and charges of $14,390.190 and continuing thereon at the per diem interest rate of $21.59. For queries related to this Notice please contact Scotia Bank Collections Department.

Dated this _..l._\路. , 1 ,s.c.-)l '- \

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day of June 2014

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MISICK and STANBROOK Attorneys for the Chargee


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