This agreement, dated _____________, between TTC Financial, a division of TTC Holdings, LLC, hereinafter known as “lender”, and ______________, whose address is ___________, Phone _____________, hereinafter known as “Purchaser” is for the express purpose of facilitating the sale and purchase of a Timeshare in the resort of __________, in unit number ______, week number ______. Purchaser’s responsibility for maintenance fees and taxes will begin with the ___ Fees*.

Purchaser will deliver to lender the amount of $______, ($___ for the 25% down payment, $___ for the processing fee, and $___ for the current year maintenance fees) due on or before ________. Thereafter purchaser will make __ monthly payments, each in the amount of $______, each due on the ___ day of the month, with the first of such payments due on or before _____. The total of all payments including the initial payment, but not including maintenance fees will be $_____ (which represents the bid price of $____, the closing costs of $___, the processing fee of $____, and the resort transfer fee of $___), hereinafter known as the “Purchase price”.

**PLEASE NOTE: Any payment received above and beyond the expected monthly payment will be applied to the principal.**

Upon final payment made to the lender, seller will then cause the transfer of ownership of the Timeshare by executing the deed, having it recorded, and registering it with the resort. Seller will do this in a reasonable timeframe after final payment is made, but all parties understand fully that seller has no control over the county’s recording office or the resort’s registration office in the matter of time.

Purchaser agrees to pay to lender, upon lenders request, any maintenance fees, taxes, or special assessments that the resort bills to seller during the course of this agreement. If purchaser fails to pay within fifteen days of the lenders request, the purchaser may be deemed by the lender to be in default of this agreement. In such a case, the lender may withhold the amount of the maintenance fee, taxes, or special assessment from any refund due the purchaser, plus any other amounts allowed the lender in the case of a default by the purchaser.

If any payments are received by the lender after their due date but within ten days of the due date, a late fee of $25 will be assessed and will be due with the next payment. If purchaser is late more than ten days on any payment, lender may, at his sole discretion, consider the purchaser in default.

Upon any default on the part of the purchaser, lender will refund all payments made by the purchaser except the equivalent of twenty-five percent (25%) of the total purchase price as liquidated damages, plus any late fees assessed, finance charges, and any maintenance fees paid or due at the time of default.

*Seller is not responsible for banking or transferring weeks (unless agreed to at the point of sale). Purchaser acknowledges that if their financing period goes beyond the date of their first week of occupancy, the week for that year will be lost yet the purchaser will still be responsible for that year’s maintenance fees. In order to be able to use that week, this finance agreement must be satisfied at least seven days prior to the start of the week. In order to be able to “Bank” that week, this finance agreement must be satisfied at least 90 days in advance of that week in order to allow enough time to record the deed and finalize the transfer.

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Purchaser’s Signature                                       Lender’s Signature

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Purchaser’s Signature

***If you have more than 1 unit in financing, please send a separate check for each transaction***