NOTICE IN THE MATTER OF THE REGISTERED LAND ORDINANCE AND IN THE MATTER OF A CHARGE REGISTERED OVER PARCEL 60400/286, CHALK SOUND, PROVIDENCIALES, TURKS & CAICOS ISLANDS.
To:
Sean Delroy Penn Providenciales Turks & Caicos Islands Via Hand Delivery
TAKE NOTICE THAT, you have failed to make the payment due as required under the
above-mentioned Charge dated 91h January 2006 within the time limit required under the terms of the Charge 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 Charge 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 191h f December 2013 the outstanding sum of principal and all interest accrued thereon amounts to $151,047.08, representing principal of $91,057.58, interest on principal of $24,238.70, additional fees and charges of $35,750.80 and continuing thereon at the per diem interest rate of$18.71. For queries related to this Notices please contact Scotia Bank Collections Department. Dated this 19th, day of December 2013
MISICK and STANBROOK Attorneys for the Chargee