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B.__If, after expiration of the 30-day period under paragraph | | A, the time-share owner has not cured the default in the | | manner prescribed, the party seeking to foreclose shall | | conduct a public auction under the conditions described in | | this paragraph. |
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| | | (1)__Notice under this paragraph must be given as | | follows. |
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| | | (a)__Notice of the sale must be published once in | | a public newspaper with a general circulation in | | the town or county in which the time-share | | property is situated.__The publication must be not | | later than 30 days before the date of the sale, | | calculated by excluding the date of publication of | | the first notice and the date of sale. |
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| | | (b)__A written notice of the time, date and place | | of the auction must be mailed to the last known | | address of the time-share owner of record by | | certified mail, return receipt requested at least | | 30 days prior to the date of sale.__The notice of | | sale also must be sent by certified mail, return | | receipt requested to all persons having a lien on | | the time-share estate at least 30 days prior to | | the date of the foreclosure sale. |
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| | | (c)__The notice must contain: |
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| | | (i)__The name of the time-share owner; |
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| | | (ii)__The date, time and place of the | | foreclosure sale; |
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| | | (iii)__A general description of the time- | | share estate; and |
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| | | (iv)__The terms of the sale. |
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| | | If more than one time-share estate is to be | | included in the foreclosure sale, all such time- | | share estates may be combined into one notice of | | sale, with one property description, as described | | in division (d) or (e). |
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| | | (d)__The notice of foreclosure for foreclosing on | | the lien of a time-share estate must be printed in | | substantially the following form: |
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