EXHIBIT 10(ii)

                         AGREEMENT OF PURCHASE AND SALE
--------------------------------------------------------------------------------

     THIS  AGREEMENT,  dated this 13th day of November,  1997 by and between THE
DELTONA CORPORATION,  a Delaware Corporation  authorized to transact business in
the  State of  Florida  ("Seller"),  SWAN  DEVELOPMENT  CORPORATION,  a  Florida
Corporation (interchangeably as "Buyer" and "Lender") .

                                 R E C I T A L S

     WHEREAS,  Seller owns certain  real estate  properties  located  within St.
Augustine  Shores  Subdivision,  St.  Johns  County  in the  State  of  Florida,
(hereinafter referred to "Property"); and

     WHEREAS,  the Property is registered  with the United States  Department of
Housing and Urban  Development  ("HUD"),  the  Division  of Florida  Land Sales,
Condominiums   and  Mobile  Homes  (the   "Division")  and  with  various  other
governmental agencies; and

     WHEREAS,  Seller is  indebted  to lender  in the sum of Five  Million  Five
Hundred Twenty Nine Thousand Five Hundred and no/100 Dollars ($5,529,501.00) and
Lender has agreed to credit  Seller with the full amount of the  purchase  price
for debt reduction; and

     WHEREAS,  Buyer  has  agreed  to  purchase  the  Property  and to take full
responsibility  for any and all  obligations,  liabilities  and  encumbrances of
Seller  within  St.  Augustine  Shores  Subdivision  and  particularly  to prior
purchasers  of property of Seller within St.  Augustine  Shores as identified on
Exhibit "B" hereto;

     NOW THEREFORE, for and in consideration of the sum of Ten Dollars ($10.00),
each to the other in hand paid, and for and in  consideration of mutual promises
contained  herein and intending to be legal bound hereby,  Seller agrees to sell
to Buyer and Buyer  agrees  to buy from  Seller  the  following  described  real
property located in St. Augustine Shores  Subdivision,  Florida,  upon the terms
and conditions hereinafter set forth:

     1. DESCRIPTION OF PROPERTY.
        ------------------------

     Seller shall  convey to Buyer at closing the Property as more  particularly
described on Exhibit "A",  annexed  hereto,  consisting of all property owned by
Seller in St. Augustine Shores Subdivision.

     2. PURCHASE PRICE AND METHOD OF PAYMENT
        ------------------------------------

     (a) Purchase Price.  The total purchase price for the Property shall be the
         --------------
sum of Five Million Five Hundred  Twenty Nine  Thousand Five Hundred One Dollars
and no/100 ($5,529,501.00) plus other valuable  consideration  consisting of the
assumption  of all  obligations  of Seller  with  respect St.  Augustine  Shores
Subdivision as identified on Exhibit "B" hereto;.

                                        1

<PAGE>
     (b) Method of Payment. The purchase Price shall be payable as follows:
         -----------------

          (i) Debt Reduction:  At closing,  Lender shall give to Seller a credit
              --------------
for debt  reduction  to Lender in the amount of Five  Million  Five Hundred
Twenty Nine Thousand  Five Hundred One Dollars and no/100  ($5,529,501.00).
This credit shall be made against debt currently owed by Seller to Lender.

          (ii) Assumption of Seller's Obligations. At closing, Buyer will assume
               ----------------------------------
and take full  responsibility for any and all obligations,  liabilities and
encumbrances  of  Seller  within  St.  Augustine  Shores   Subdivision  and
particularly  to any and all prior  purchasers of property of Seller within
St.  Augustine  Shores  Subdivision as set forth in the Affidavit  attached
hereto as Exhibit "B".

     3.   STATUS OF PROPERTY
          ------------------
     (a) All Property is in compliance  with all applicable  federal,  state and
local zoning, environmental, planning and land use laws, ordinances, regulations
and private  property  restrictions  and each and every lot has legal  access by
public  rights-of-ways  dedicated of record. Buyer acknowledges that the portion
of the  Property  identified  on Exhibit "C" does not have  physical  access and
Buyer  agrees,  as part of the  obligations  of Seller which it is assuming,  to
complete any and all  improvements  to the Property as required  pursuant to the
Planned  Unit  Development  filed in St.  Johns  County,  Florida,  as it may be
amended,   and  to  follow  the  terms  and  conditions  of  said  Planned  Unit
Development.

     (b) Seller does not know or have reason to know of any activity  within the
Property or affecting  any lot which has been  conducted or is being  conducted,
except in material compliance of all statutes, ordinances,  regulations,  orders
and requirements of common laws.

     (c) Buyer will take title to the Property subject to the deed  restrictions
including the Articles of Incorporation, Bylaws and rules and regulations of the
St. Augustine Shores Service Corporation as amended from time to time.

     (d) Seller  will  assign  all right,  title and  interest  in that  certain
utility Developer Agreement between Seller and St. Augustine Shores Utilities, a
division of United  Florida  Utilities  Corporation,  dated November 6, 1989, as
amended.

     4.   WARRANTIES AND REPRESENTATIONS.
          -------------------------------

     Seller warrants and represents, as of the date hereof and as of the date of
Closing, that:

     (a) Seller is a corporation  duly organized,  validly  existing and in good
standing under the laws of Delaware and Florida,  respectively, and Seller is in
good standing in all states wherein its activities  require it to register to do
business, including, without limitation, Florida.

                                        2

<PAGE>
     (b) Seller  warrants that the execution and  consummation of this Agreement
will  not  render   Seller   insolvent   and  there  are  no   proceedings   for
reorganization,  arrangement,  liquidation or dissolution  pending or threatened
under a federal or state law against Seller;

     (c) Seller has the full,  proper and lawful  power and  authority  to enter
into this  Agreement and to carry out the terms and conditions of this Agreement
and other  agreements  and documents  referred to herein,  and all corporate and
other action  necessary to enter into the  Agreement and to carry out such terms
and conditions has been duly taken or will be duly taken on or before Closing;

     (d) All  books,  records,  documents,  agreements,  information,  exhibits,
schedules and other items  furnished by Seller and which Seller  permitted Buyer
to examine and all exhibits attached hereto are true, correct and accurate.

     (e) Neither the execution,  delivery nor the  performance of this Agreement
will  constitute a default  under or conflict with any  Agreement,  indenture or
other  document or instrument,  including,  without  limitation,  the By-Laws or
Articles of  Incorporation  of Seller by which Seller or any of their assets are
bound.

     (f) Except as otherwise  specifically  set forth in this  Agreement,  Buyer
acknowledges  that  no  representations  or  warranties,  whether  expressed  or
implied,  have been made by Seller to Buyer as to the  condition of the Property
for any  purchases,  and  Buyer  further  acknowledges  that  Buyer  has made an
independent  investigation  of the Property and determined  that the Property is
sufficient for Buyer's  intended uses and purposes.  Buyer will accept  transfer
and   conveyance   of  the  Property   from  Seller   without  any  warranty  or
representation concerning the quality and patent and latent conditions thereon.

     5.   CLOSING.
          --------

     (a) Date and Place. The closing and settlement of the purchase  ("Closing")
on the Property  pursuant  hereto shall take place at the offices of Five Points
Title Services,  Inc., 999 Brickell  Avenue,  Suite 700,  Miami,  Florida 33131,
after the approval of this  transaction  by the  Division,  (the "Final  Closing
Date"),  or such  prior  time and place as the  parties  hereto  shall  agree in
writing or as stated in the Buyer's Notice of Closing;  provided, that all other
terms and conditions  hereunder required to be performed and satisfied by Seller
and Buyer prior to Closing have been performed or have been satisfied.

     (b) Seller shall deliver to Buyer at closing:

               (i) A Statutory  Warranty  Deed for the  Property  which shall be
          effective  to vest in the  Buyer  good  and  marketable  title  to the
          Property   free  and  clear  of  all  matters   except   restrictions,
          reservations and easements of record.


                                        3
<PAGE>
               (ii) Bill of Sale.

               (iii) Such other  documentation as may be reasonably  required by
          Buyer to effectuate and evidence the  transaction  in accordance  with
          the terms and conditions of this Agreement.

               (iv) Assignment of the Developer Agreement between Seller and St.
          Augustine  Shores  Utilities,  a division of United Florida  Utilities
          Corporation, dated November 6, 1989, as amended

               (v) A closing  statement to be mutually prepared and agreed to by
          Seller and Buyer, which closing statement shall be customary in form.

     6. BUYER'S OBLIGATIONS PRIOR TO CLOSING.
        -------------------------------------

     At or before closing, Buyer shall deliver to Seller:

          (a) The executed copy of the closing statement.

          (b)  Affidavit,  as  identified  on Exhibit "B" hereto,  attesting  to
     Buyer's assumption of any and all obligations, liabilities and encumbrances
     of Seller within St. Augustine  Shores  Subdivision and particularly to any
     and all prior purchasers of property of Seller within St. Augustine Shores,
     obligations  to  the  St.  Augustine  Shores  Service   Corporation,   Inc,
     obligations  to St. Johns County  pursuant to the Planned Unit  Development
     and  obligations  to the Division of Florida Land Sales,  condominiums  and
     Mobile  Homes  pursuant  to  the   registration  of  St.  Augustine  Shores
     Subdivision.

          (c) Executed documentation as required by the Division of Florida Land
     Sales,  Condominiums  and  Mobile  Homes to  relieve  Seller of any and all
     obligations under the registration of St. Augustine Shores Subdivisions and
     the obligations to prior purchasers.

          (d) Certificate evidencing that Buyer is a corporation, duly organized
     and validly existing and in good standing in the State of Florida.

          (e) Such other  documentation as may be reasonably  required by Seller
     to effectuate and evidence the transaction in accordance with the terms and
     conditions of this Agreement.

     7. CLOSING COSTS.
        --------------

     Seller  shall pay all costs of recording  and State of Florida  documentary
stamp tax on the deed of  conveyance.  Real estate taxes and  assessments on the
Property will be prorated as of the closing date.

                                        4
<PAGE>
     8. PARTIES IN INTEREST.
        --------------------

     This  Agreement  shall  inure to the  benefit  of and be  binding  upon the
parties,  their  respective  successors  and  assigns,  and  contains the entire
agreement between the parties and may not be amended, modified or waived without
the express written consent of all parties hereto,  and shall be governed by the
laws of the  State  of  Florida.  All  representations  and  warranties  in this
Agreement and all documents  delivered  pursuant  hereto and all  agreements and
other  matters  not  performed  prior to the Closing  are  continuing  and shall
survive  the  Closing  and the  delivery  of the Bill of Sale,  deeds  and other
documents pursuant to the Closing.

     9. NOTICES.
        --------

     Notices and all other  communications  in  connection  with this  Agreement
shall be in writing and shall be deemed to have been properly given only if sent
by certified mail, return receipt requested, postage prepaid, to Seller or Buyer
at the following addresses:

          SELLER:       The Deltona  Corporation
                        999 Brickell Avenue
                        Suite 700
                        Miami, Florida 33131
                        Attention: Earle D. Cortright, Jr.

          BUYER:        Swan Development Corporation
                        49 Shores Boulevard
                        St. Augustine FL 32086

Nothing  herein  contained  shall be  construed as  preventing  the parties from
changing the place to which notices shall be addressed;  however, no such change
shall be valid unless it is given in accordance with this section.

     10. NO MODIFICATION.
         ----------------

     No term or provision of this Agreement may be changed or waived, discharged
or terminated  orally,  but only by an instrument in writing signed by the party
against which  enforcement  of the change,  waiver,  discharge or termination is
sought.

     11. INTERPRETATION.
         ---------------

     This  Agreement  shall be interpreted  and enforced in accordance  with the
laws of the State of Florida.


                                        5
<PAGE>
     12. GENERAL PROVISIONS.
         -------------------

     (a) Time is of the essence in this Agreement.

     (b) This  Agreement  may be  executed in one or more  counterparts  each of
which shall be deemed an original but all of which shall  constitute one and the
same Agreement.

     (c) The respective  warranties,  representations  , covenants,  agreements,
obligations  and  undertakings  of each party  hereunder  shall be  construed as
dependent upon and given in consideration of those of the other party, and shall
survive the closing and delivery of the deed.

     IN WITNESS WHEREOF,  the parties have caused these presents to be executed,
all of which has been done on the time and date first above written.

THE DELTONA CORPORATION                     SWAN DEVELOPMENT CORPORATION
    ("Seller")                                   ("Buyer")

BY:/s/ Earl D.  Cortright, Jr.              BY: /s/ Antony Gram
   ---------------------------                 ----------------------------
   Earle D. Cortright, Jr., President           Antony Gram, President


                                  EXHIBIT LIST
                                  ------------

                  EXHIBIT A   Listing of Property

                  EXHIBIT B   Buyer's Affidavit re: Assumption of Obligations

                  EXHIBIT C   Undeveloped Lots

                  EXHIBIT D   Assignment of Development Agreement  Between
                              Seller and St. Augustine Shores Utiltities, a
                              Division of United Florida Utiltities Corporation,
                              Dated November 6, 1989, as Amended

                  EXHIBIT E   Assignment of Rights and Obligations under Deed
                              Restrictions to Swan Development Corporation as
                              Successor Developer

                                        6
<PAGE>
                                    EXHIBIT A
                               LISTING OF PROPERTY
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)


                                    LOT              SALES                                       DEVELOPMENT               CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                                      STATUS                    TO
------   --------------             --------         --------------------------------------      ----------------------    --------
<S>      <C>      <C>               <C>              <C>                                         <C>                       <C>
1        35       7                 SF               DELTONA OWNS UNSOLD                         DEVELOPED                 SWAN
2        149      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      3                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      4                 SF               GRAM SOLD                                   UNDEVELOPED
2        149      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      6                 SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
2        149      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      8                 SF               PURCHASER OWNS; PAID IN FULL                UNDEVELOPED                    --
2        149      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      10                SF               GRAM UNSOLD                                 UNDEVELOPED
2        149      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        149      17                SF               GRAM UNSOLD                                 UNDEVELOPED
2        149      18                SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
2        150      1                 SF               GRAM SOLD                                   UNDEVELOPED
2        150      2                 SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
2        150      3                 SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
2        150      4                 SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
2        150      5                 SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
2        151      1                 SF               GRAM SOLD                                   UNDEVELOPED
2        151      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        152      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        152      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        152      3                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        152      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
2        152      5                 SF               GRAM SOLD                                   UNDEVELOPED
2        7002     TRACT A           MF               1.20 ACRES; DELTONA OWNS UNSOLD             DEVELOPED                 SWAN
2        7002     TRACT AD          COMM FAC         1.4 ACRES: DELTONA OWNS UNSOLD              DEVELOPED                 SWAN
2        7002     TRACT B           MF               1.50 ACRES; DELTONA OWNS UNSOLD             DEVELOPED                 SWAN
2        7002     TRACT E           MF               3.08 ACRES; DELTONA OWNS UNSOLD             DEVELOPED                 SWAN
2        7002     TRACT A-E         COMM             .87 ACRES; DELTONA OWNS UNSOLD              DEVELOPED                 SWAN
4        7004     TRACT C2          COMM FAC         1.3 ACRES: DELTONA OWNS UNSOLD              DEVELOPED                 SWAN
4        7004     TRACT 14A         MARINA           DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
5        7005     TRACT J           SCHOOL SITE      12 ACRES: DELTONA OWNS UNSOLD               DEVELOPED                 SWAN
6        7006     TRACT K           GREENBELT        8.5 ACRES: DELTONA OWNS UNSOLD              DEVELOPED                 SWAN
6        7006     TRACT H-2         COMM             1.90 ACRE PART OF TRACT H                   DEVELOPED                 SWAN
7        195      1                 SF               PURCHASER OWNS; PAID IN FULL                UNDEVELOPED               --
7        195      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      3                 SF               GRAM UNSOLD                                 UNDEVELOPED
7        195      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      8                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      10                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      17                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      20                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      21                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      22                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      23                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        195      24                SF               DELTONA SOLD                                UNDEVELOPED               FIVE PTS
7        196      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      3                 SF               GRAM UNSOLD                                 UNDEVELOPED
7        196      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      8                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN
7        196      10                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED               SWAN

</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)


                                    LOT              SALES                                       DEVELOPMENT       CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                                      STATUS            TO
------   -----    ------            --------         --------------------------------------      ---------------   ----------
<S>      <C>      <C>               <C>              <C>                                         <C>               <C>
7        196      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      17                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        196      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      2                 SF               PURCHASER OWNS; OUTSTANDING
                                                      MORTGAGE                                   UNDEVELOPED       --
7        197      3                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      8                 SF               GRAM SOLD                                   UNDEVELOPED
7        197      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      10                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      17                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      20                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      21                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      22                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      23                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      24                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      25                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      26                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      27                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      28                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      29                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      30                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        197      31                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      3                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      7                 SF               GRAM SOLD                                   UNDEVELOPED
7        198      8                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      10                SF               GRAM SOLD - DEEDED TO CUSTOMER              UNDEVELOPED
7        198      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      17                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      20                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      21                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        198      22                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      2                 SF               GRAM SOLD                                   UNDEVELOPED
7        199      3                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      8                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      10                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT              SALES                                       DEVELOPMENT       CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                                      STATUS            TO
------   -----    -----             --------         --------------------------------------      -------------     --------
<S>      <C>      <C>               <C>              <C>                                         <C>               <C>
7        199      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      17                SF               GRAM UNSOLD - FORECLOSURE IN
                                                      PROCESS                                    UNDEVELOPED
7        199      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      20                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      21                SF               GRAM UNSOLD                                 UNDEVELOPED
7        199      22                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      23                SF               DELTONA SOLD                                UNDEVELOPED       FIVE PTS
7        199      24                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      25                SF               GRAM SOLD                                   UNDEVELOPED
7        199      26                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        199      27                SF               DELTONA SOLD                                UNDEVELOPED       FIVE PTS
7        199      28                SF               GRAM SOLD                                   UNDEVELOPED
7        199      29                SF               DELTONA SOLD                                UNDEVELOPED       FIVE PTS
7        199      30                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      1                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      3                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      4                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      8                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      10                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      17                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      20                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      21                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      22                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      23                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      24                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      25                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      26                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      27                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      28                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      29                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      30                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        200      31                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      1                 SF               DELTONA SOLD                                UNDEVELOPED       FIVE PTS
7        201      2                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      3                 SF               GRAM UNSOLD                                 UNDEVELOPED
7        201      4                 SF               DELTONA SOLD                                UNDEVELOPED       FIVE PTS
7        201      5                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      6                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      7                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      8                 SF               GRAM UNSOLD                                 UNDEVELOPED
7        201      9                 SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      10                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      11                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      12                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      13                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      14                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      15                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      16                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      17                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      18                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      19                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      20                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      21                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      22                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      23                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      24                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
7        201      25                SF               DELTONA OWNS UNSOLD                         UNDEVELOPED       SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                          PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT              SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                     STATUS           TO
------   ------   -----             --------         ----------------------     --------------   ----------
<S>      <C>      <C>               <C>              <C>                        <C>              <C>
7        201      26                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      27                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      28                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      29                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      30                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      31                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      32                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      33                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      34                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      35                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      36                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      37                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      38                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      39                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      40                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      41                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        201      42                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      1                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      2                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      3                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      5                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      6                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      7                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      8                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      9                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      10                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      11                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      12                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      13                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      14                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      15                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        202      16                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      1                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      2                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      3                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      5                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      6                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      7                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      8                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      9                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      10                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        203      11                SF               PURCHASER OWNS;
                                                       PAID IN FULL             UNDEVELOPED      --
7        203      12                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      13                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      14                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      15                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      16                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      17                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      18                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      19                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      20                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      21                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      22                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      23                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      24                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      25                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      26                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      27                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      28                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      29                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      30                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      31                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      32                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      33                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      34                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      35                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      36                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      37                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      38                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      39                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      40                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      41                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT              SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                     STATUS           TO
-----    ------   -----             --------         ----------------------     --------------   ---------
<S>      <C>      <C>               <C>              <C>                        <C>              <C>
7        203      42                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      43                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      44                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      45                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      46                SF               GRAM SOLD                  UNDEVELOPED
7        203      47                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        203      48                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      49                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      50                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      51                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      52                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      53                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      54                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      55                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      56                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      57                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      58                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      59                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      60                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      61                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      62                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      63                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      64                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      65                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      66                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      67                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      68                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      69                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      70                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      71                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      72                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      73                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      74                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      75                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      76                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      77                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      78                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      79                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      80                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      81                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      82                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        203      83                SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
7        203      84                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      85                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      86                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      87                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      88                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      89                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      90                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      91                SF               GRAM SOLD                  UNDEVELOPED
7        203      92                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      93                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      94                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        203      95                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      96                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      97                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      98                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      99                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      100               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      101               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      102               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      103               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      104               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      105               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      106               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      107               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      108               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      109               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      110               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      111               SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        203      112               SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
7        204      1                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      2                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      3                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT              SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                     STATUS           TO
-----    ------   -----             --------         ----------------------     --------------   ---------
<S>      <C>      <C>               <C>              <C>                        <C>              <C>
7        204      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      5                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      6                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      7                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      8                 SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        204      9                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      10                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      11                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      12                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      13                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      14                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        204      15                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      16                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      17                SF               GRAM SOLD                  UNDEVELOPED
7        204      18                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        204      19                SF               GRAM SOLD                  UNDEVELOPED
7        204      20                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      21                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      22                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      23                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      24                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      25                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      26                SF               GRAM SOLD                  UNDEVELOPED
7        204      27                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      28                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      29                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      30                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      31                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      32                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      33                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      34                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      35                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      36                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        204      37                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      38                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      39                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      40                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      41                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      42                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      43                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      44                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      45                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      46                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      47                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      48                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      49                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      50                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      51                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      52                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      53                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      54                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      55                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      56                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      57                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      58                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      59                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      60                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      61                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      62                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      63                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      64                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      65                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      66                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      67                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      68                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      69                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      70                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      71                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      72                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      73                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      74                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      75                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      76                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      77                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT     SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE    STATUS                     STATUS           TO
-----    ------   -----             ----    ---------------------      ---------------  ----------
<S>      <C>      <C>               <C>     <C>                        <C>              <C>
7        204      78                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      79                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      80                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      81                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      82                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      83                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      84                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      85                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      86                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      87                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      88                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      89                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      90                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      91                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      92                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      93                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      94                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      95                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      96                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      97                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      98                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      99                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      100               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      101               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      102               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      103               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      104               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      105               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      106               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      107               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      108               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      109               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      110               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      111               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      112               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      113               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      114               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      115               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      116               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      117               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      118               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      119               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        204      120               SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      1                 SF      GRAM SOLD - DEEDED TO
                                             CUSTOMER                  UNDEVELOPED
7        205      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      14                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      15                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      16                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      17                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      18                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      19                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      20                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      21                SF      GRAM UNSOLD                UNDEVELOPED
7        205      22                SF      GRAM UNSOLD                UNDEVELOPED
7        205      23                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      24                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      25                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        205      26                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      27                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      28                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      29                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      30                SF      PURCHASER OWNS; PAID
                                             IN FULL                   UNDEVELOPED      --
7        205      31                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT     SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE    STATUS                     STATUS           TO
-----    -----    ------            ------  -----------------------    --------------   -------
<S>      <C>      <C>               <C>     <C>                        <C>              <C>
7        205      32                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      33                SF      GRAM SOLD - DEEDED TO
                                             CUSTOMER                  UNDEVELOPED
7        205      34                SF      GRAM SOLD - DEEDED TO
                                             CUSTOMER                  UNDEVELOPED
7        205      35                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      36                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        205      37                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      38                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      39                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      40                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      41                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      42                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      43                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      44                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      45                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      46                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      47                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      48                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      49                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      50                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      51                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      52                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      53                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      54                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      55                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      56                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      57                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      58                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      59                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      60                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      61                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      62                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      63                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      64                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        205      65                SF      GRAM SOLD                  UNDEVELOPED
7        205      66                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      67                SF      PURCHASER OWNS; OUT-
                                             STANDING MORTGAGE         UNDEVELOPED      --
7        205      68                SF      GRAM SOLD                  UNDEVELOPED
7        205      69                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      70                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      71                SF      GRAM UNSOLD                UNDEVELOPED
7        205      72                SF      GRAM SOLD                  UNDEVELOPED
7        205      73                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      74                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      75                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      76                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      77                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      78                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      79                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      80                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      81                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      82                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      83                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      84                SF      PURCHASER OWNS;
                                             PAID IN FULL              UNDEVELOPED      --
7        205      85                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      86                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      87                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        205      88                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        205      89                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        205      90                SF      GRAM SOLD                  UNDEVELOPED
7        205      91                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      14                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT     SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE    STATUS                     STATUS           TO
----     ------   -----             ------  ----------------------     ---------------  ----------
<S>      <C>      <C>               <C>     <C>                        <C>              <C>
7        206      15                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      16                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      17                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      18                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      19                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      20                SF      GRAM SOLD                  UNDEVELOPED
7        206      21                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      22                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      23                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      24                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      25                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        206      26                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        206      27                SF      GRAM SOLD                  UNDEVELOPED
7        206      28                SF      GRAM SOLD                  UNDEVELOPED
7        206      29                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        206      30                SF      DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        206      31                SF      GRAM SOLD                  UNDEVELOPED
7        206      32                SF      GRAM SOLD                  UNDEVELOPED
7        206      33                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      34                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      35                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      36                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        206      37                SF      GRAM SOLD -= DEEDED
                                             TO CUSTOMER               UNDEVELOPED
7        206      38                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        207      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        208      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      5                 SF      GRAM SOLD                  UNDEVELOPED
7        209      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      14                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      15                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      16                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      17                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      18                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      19                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      20                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      21                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      22                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      23                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      24                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      25                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      26                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      27                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      28                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      29                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                          PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT     SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE    STATUS                     STATUS           TO
-----    -------  -----             ------  ----------------------     --------------   ----------
<S>      <C>      <C>               <C>     <C>                        <C>              <C>
7        209      30                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      31                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      32                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      33                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      34                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      35                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      36                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      37                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      38                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      39                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      40                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      41                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      42                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      43                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      44                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        209      45                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      14                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      15                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        210      16                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      1                 SF      GRAM SOLD                  UNDEVELOPED
7        211      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      14                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      15                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      16                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      17                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      18                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      19                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      20                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      21                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      22                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      23                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      24                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      25                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      26                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      27                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      28                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      29                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      30                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      31                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      32                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        211      33                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT              SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                     STATUS           TO
-----    -------  -----             --------         -----------------------    --------------   ---------
<S>      <C>      <C>               <C>              <C>                        <C>              <C>
7        212      10                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      11                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      12                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      13                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      14                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      15                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      16                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      17                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      18                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      19                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      20                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      21                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      22                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      23                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      24                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      25                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      26                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      27                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      28                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      29                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      30                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      31                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      32                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      33                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      34                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      35                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      36                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      37                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      38                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      39                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      40                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      41                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      42                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      43                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      44                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      45                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      46                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        212      47                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        213      1                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        213      2                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        213      3                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        213      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        213      5                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        214      1                 SF               GRAM SOLD -= DEEDED
                                                      TO CUSTOMER               UNDEVELOPED
7        214      2                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        214      3                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        214      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        214      5                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      1                 SF               GRAM SOLD -= DEEDED
                                                      TO CUSTOMER               UNDEVELOPED
7        215      2                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      3                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      5                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      6                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      7                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      8                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      9                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      10                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      11                SF               PURCHASER OWNS; PAID
                                                      IN FULL                   UNDEVELOPED      --
7        215      12                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      13                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      14                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      15                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      16                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      17                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      18                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      19                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      20                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      21                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      22                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      23                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
7        215      24                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7        215      25                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
7                 TRACT AA          GREENBELT        DELTONA OWNS UNSOLD;
                                                      14.4 ACRES                UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                     LOT              SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE             STATUS                     STATUS           TO
-----    -------  -----             --------         -----------------------    --------------   ---------
<S>      <C>      <C>               <C>              <C>                        <C>              <C>
7                 TRACT B           OPEN             DELTONA OWNS UNSOLD;
                                                      7.42 ACRES                UNDEVELOPED      SWAN
7                 TRACT C           OPEN             DELTONA OWNS UNSOLD:
                                                      10.50 ACRES               UNDEVELOPED      SWAN
7                 TRACT D           OPEN             DELTONA OWNS UNSOLD:
                                                      .99 ACRES                 UNDEVELOPED      SWAN
7                 TRACT E           BUFFER           DELTONA OWNS UNSOLD:
                                                      .28 ACRES                 UNDEVELOPED      SWAN
7                 TRACT F           BUFFER            DELTONA OWNS UNSOLD:
                                                      .09 ACRES                 UNDEVELOPED      SWAN
7                 TRACT H           CHURCH           DELTONA OWNS UNSOLD:
                                                      5.01 ACRES                UNDEVELOPED      SWAN
7                 TRACT K           BUFFER           DELTONA OWNS UNSOLD:
                                                      .23 ACRES                 UNDEVELOPED      SWAN
7                 TRACT L           OPEN              DELTONA OWNS UNSOLD:
                                                      .14 ACRES                 UNDEVELOPED      SWAN
7                 TRACT M           OPEN             DELTONA OWNS UNSOLD:
                                                      12.05 ACRES               UNDEVELOPED      SWAN
7                 TRACT N           BUFFER           DELTONA OWNS UNSOLD:
                                                      .29 ACRES                 UNDEVELOPED      SWAN
7                 TRACT P           BUFFER           DELTONA OWNS UNSOLD:
                                                      .10 ACRES                 UNDEVELOPED      SWAN
7                 TRACT Q           BUFFER           DELTONA OWNS UNSOLD:
                                                      .16 ACRES                 UNDEVELOPED      SWAN
7                 TRACT R           OPEN             DELTONA OWNS UNSOLD:
                                                       4.51 ACRES               UNDEVELOPED      SWAN
7                 TRACT S           OPEN             DELTONA OWNS UNSOLD:
                                                      1.15 ACRES                UNDEVELOPED      SWAN
7                 TRACT T           OPEN             DELTONA OWNS UNSOLD:
                                                      1.62 ACRES                UNDEVELOPED      SWAN
7                 TRACT U           BUFFER           DELTONA OWNS UNSOLD:
                                                      1.01 ACRES                UNDEVELOPED      SWAN
7                 TRACT V           OPEN             DELTONA OWNS UNSOLD:
                                                      1.97 ACRES                UNDEVELOPED      SWAN
7                 TRACT W           OPEN             DELTONA OWNS UNSOLD:
                                                      17.98 ACRES               UNDEVELOPED      SWAN
7                 TRACT X           PARK             DELTONA OWNS UNSOLD:
                                                      6.15 ACRES                UNDEVELOPED      SWAN
7                 TRACT Y           PARK             DELTONA OWNS UNSOLD:
                                                      4.12 ACRES                UNDEVELOPED      SWAN
7                 TRACT Z           OPEN              DELTONA OWNS UNSOLD:
                                                      14.20 ACRES               UNDEVELOPED      SWAN
7                 TRACT AA          OPEN             DELTONA OWNS UNSOLD:
                                                      14.37ACRES                UNDEVELOPED      SWAN
7                 TRACT BB          OPEN             DELTONA OWNS UNSOLD:
                                                      10.26 ACRES               UNDEVELOPED      SWAN
7                 TRACT CC          OPEN             DELTONA OWNS UNSOLD:
                                                      23.85 ACRES               UNDEVELOPED      SWAN
8        185      1                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      2                 SF               GRAM UNSOLD                UNDEVELOPED
8        185      3                 SF               GRAM UNSOLD                UNDEVELOPED
8        185      4                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      5                 SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      6                 SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      7                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      8                 SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      9                 SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      10                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      11                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      12                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      13                SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      14                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      15                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      16                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      17                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      18                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
8        185      19                SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      20                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
8        185      21                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      22                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      23                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
8        185      24                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
8        185      25                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      26                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
8        185      27                SF               GRAM UNSOLD                UNDEVELOPED
8        185      28                SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      29                SF               GRAM SOLD                  UNDEVELOPED
8        185      30                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      31                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      32                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      33                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      34                SF               PURCHASER OWNS;
                                                      PAID IN FULL              UNDEVELOPED      --
8        185      35                SF               GRAM SOLD                  UNDEVELOPED
8        185      36                SF               DELTONA SOLD               UNDEVELOPED      FIVE PTS
8        185      37                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      38                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      39                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      40                SF               GRAM SOLD                  UNDEVELOPED
8        185      41                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      42                SF               GRAM UNSOLD                UNDEVELOPED
8        185      43                SF               GRAM UNSOLD                UNDEVELOPED
8        185      44                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      45                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      46                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      47                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      48                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      49                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        185      50                SF               DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                           LOT      SALES                     DEVELOPMENT       CONVEY
UNIT     BLOCK    LOT      TYPE     STATUS                    STATUS            TO
-----    -------  -----    -------  ---------------------     --------------    ---------
<S>      <C>      <C>      <C>      <C>                       <C>               <C>
8        186      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        186      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        186      3        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        186      4        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        186      5        SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        186      6        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        186      7        SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        186      8        SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        186      9        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        186      10       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        187      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        187      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        187      3        SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        187      4        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        187      5        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      3        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      4        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      5        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      6        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      7        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      8        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      9        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      10       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        188      11       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      3        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      4        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      5        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      6        SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        189      7        SF       GRAM SOLD                 UNDEVELOPED
8        189      8        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      9        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      10       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      11       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      12       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      13       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      14       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      15       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      16       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      17       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      18       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      19       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      20       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      21       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      22       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      23       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      24       SF       GRAM UNSOLD               UNDEVELOPED
8        189      25       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      26       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      27       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      28       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      29       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      30       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      31       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      32       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      33       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      34       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      35       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      36       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      37       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      38       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      39       SF       GRAM UNSOLD               UNDEVELOPED
8        189      40       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      41       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      42       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      43       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      44       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      45       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      46       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      47       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      48       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                           LOT      SALES                     DEVELOPMENT       CONVEY
UNIT     BLOCK    LOT      TYPE     STATUS                    STATUS            TO
-----    -------  -----    -------  ---------------------     --------------    ---------
<S>      <C>      <C>      <C>      <C>                       <C>               <C>
8        189      49       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      50       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      51       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      52       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      53       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      54       SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        189      55       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      56       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      57       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      58       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      59       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      60       SF       DELTONA SOLD              UNDEVELOPED       FIVE PTS
8        189      61       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      62       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      63       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      64       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      65       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      66       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      67       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      68       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      69       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      70       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      71       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      72       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      73       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      74       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      75       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      76       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      77       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      78       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      79       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      80       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      81       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        189      82       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        190      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        190      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        190      3        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        190      4        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        190      5        SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        190      6        SF       GRAM SOLD -= DEEDED /
                                     MTG.TO CUSTOMER          UNDEVELOPED
8        190      7        SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        190      8        SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        190      9        SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        190      10       SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        190      11       SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        190      12       SF       PURCHASER OWNS; OUT-
                                     STANDING MORTGAGE        UNDEVELOPED       --
8        191      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      3        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      4        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      5        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      6        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      7        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      8        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      9        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      10       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      11       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        191      12       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      2        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      3        SF       PURCHASER OWNS;
                                     PAID IN FULL             UNDEVELOPED       --
8        192      4        SF       GRAM SOLD -= DEEDED TO
                                     CUSTOMER                 UNDEVELOPED
8        192      5        SF       GRAM SOLD                 UNDEVELOPED
8        192      6        SF       GRAM SOLD                 UNDEVELOPED
8        192      7        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      8        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      9        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      10       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      11       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      12       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      13       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      14       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        192      15       SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
8        193      1        SF       DELTONA OWNS UNSOLD       UNDEVELOPED       SWAN
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                 PROPERTY IN ST. AUGUSTINE SHORES BEING CONVEYED

DELTONA SOLD:              BEING CONVEYED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV; CONTRACT ASSIGNED
DELTONA OWNS UNSOLD:       BEING CONVEYED TO SWAN DEVELOPMENT CORPORATION
PURCHASER OWNS:            MORTGAGE ABSOLUTELY ASSIGNED TO FIVE POINTS TITLE AS TRUSTEE FOR SCAFHOLDING BV
                           (PAID IN FULL  CONTRACTS OR MORTGAGES NOT CONVEYED OR ASSIGNED)

                                    LOT     SALES                      DEVELOPMENT      CONVEY
UNIT     BLOCK    LOT               TYPE    STATUS                     STATUS           TO
------   --------------             ------  ----------------------     ---------------  ----------
<S>      <C>      <C>               <C>     <C>                        <C>              <C>
8        193      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      3                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      4                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      5                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      6                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      7                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      8                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      9                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      10                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      11                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      12                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      13                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      14                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      15                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      16                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      17                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      18                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      19                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      20                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      21                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      22                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      23                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      24                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      25                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      26                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      27                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      28                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      29                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      30                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        193      31                SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        194      1                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8        194      2                 SF      DELTONA OWNS UNSOLD        UNDEVELOPED      SWAN
8                 TRACT B           OPEN    DELTONA OWNS UNSOLD:
                                             1.47 ACRES                UNDEVELOPED      SWAN
8                 TRACT C           OPEN    DELTONA OWNS UNSOLD:
                                             .49 ACRES                 UNDEVELOPED      SWAN
8                 TRACT D           OPEN    DELTONA OWNS UNSOLD:
                                             2.03 ACRES                UNDEVELOPED      SWAN
8                 TRACT E           OPEN    DELTONA OWNS UNSOLD:
                                             20.91 ACRES               UNDEVELOPED      SWAN
8                 TRACT F           OPEN     DELTONA OWNS UNSOLD;
                                             .39 ACRES                 UNDEVELOPED      SWAN
</TABLE>
<PAGE>
                                    EXHIBIT B
                 BUYER'S AFFIDAVIT RE: ASSUMPTION OF OBLIGATIONS

                                    AFFIDAVIT

STATE OF FLORIDA )
                 )       SS.
COUNTY OF DADE   )

     BEFORE ME, the undersigned authority,  personally appeared Antony Gram, who
upon his oath, deposes and states:

     1. THAT I am the President of Swan  Development  Corporation  ("Swan") with
full authority to enter into this Affidavit on behalf of Swan.

     2. THAT Swan, as an integral part of its  acquisition of all of The Deltona
Corporation's  ("Deltona") land inventory in St.  Augustine Shores  Subdivision,
hereby   confirms  its  acceptance  of  the  assignment  of  full  and  complete
responsibility  for any and all  obligations,  liabilities  and  encumbrances of
Deltona within St.  Augustine  Shores  Subdivision  pursuant to the Planned Unit
Development,  the  recorded  plats for the  property  and the deed  restrictions
recorded in the public records of St. Johns County;

     3.  THAT  Swan  assumes  responsibility  for any  and  all the  contractual
obligation to purchasers of property  within St.  Augustine  Shores  Subdivision
from Deltona pursuant to Agreements of Purchase and Sale with said purchasers as
identified on Schedule "A" annexed hereto;

     4. THAT Swan assumes all responsibility for the obligations relative to St.
Augustine  Shores   Subdivision  as  contained  in  the  registration  for  said
subdivision  with the  Division of Florida Land Sales,  Condominiums  and Mobile
Homes and agrees to abide by the requirements of Chapter 498, Florida Statutes;

     5. THAT Swan expressly  agrees to hereby assume all  obligations of Deltona
within St. Augustine Shores  Subdivision as identified above and does hereby for
itself,  its  successors  and  assigns,  agree  to hold  harmless  Deltona,  its
franchised  dealers,  successors,  subsidiary  corporations,   assigns,  agents,
employees and officers and directors from any and all manner of claims, demands,
damages,  causes of action or suits that an  entity,  corporation  or  purchaser
might now have or that  might  subsequently  accrue  to it by any  reason of any
matter or thing whatsoever  particularly  growing out of or in any way connected
directly or indirectly with the failure of Deltona to develop any portion of St.
Augustine  Shores  Subdivision or to perform any of its  obligations  within St.
Augustine Shores Subdivision.

         FURTHER AFFIANT SAYETH NOT.

                                       /s/ Antony Gram
                                       ---------------------------------
                                       Antony Gram, President
                                       Swan Development Corporation

     The foregoing  instrument was acknowledged  before me this day of , 1997 by
Antony Gram, President of Swan Development Corporation,  who is personally known
to me and who did take an oath.


/s/Nancy Roche
----------------------------------
PRINT:Nancy Roche,Notary Public, State of Florida
<PAGE>
<TABLE>
<CAPTION>
                                   EXHIBIT C
                               ST. AUGUSTINE SHORES
                              UNDEVELOPED SOLD LOTS


                                                                                        CONTRACTUAL
                                                                       PAYMENT           ANNUAL
CONTRACT #        PRINCIPAL CTD     INTEREST CTD     C/R BALANCE       AMOUNT           COLLECTION        UNIT     BLOCK   LOT
------------      -------------     ------------     -----------       -------          ----------        ----     -----   ---
<S>               <C>               <C>              <C>               <C>              <C>               <C>      <C>     <C>
UNIT 2
         258      33,365.63         12,190.13        7,734.37          4,385.23         4,385.23          2        149     4
         260      36,702.90         14,635.02        9,797.10          4,954.74         4,954.74          2        149     6
         262      41,100.00         2,156.04         0.00              0.00             0.00              2        149     8
         267      29,743.48         11,221.84        7,356.52          3,958.09         3,958.09          2        149     18
         268      51,629.66         19,871.21        14,470.34         7,047.69         7,047.69          2        150     1
         269      52,999.62         19,981.90        13,100.38         7,047.69         7,047.69          2        150     2
         270      52,999.62         19,981.90        13,100.38         7,047.69         7,047.69          2        150     3
         271      52,999.62         19,981.90        13,100.38         7,047.69         7,047.69          2        150     4
         272      71,423.20         26,963.36        17,676.80         9,510.82         9,510.82          2        150     5
         273      38,307.53         14,995.98        11,192.47         5,282.21         5,282.21          2        151     1
         274      51,348.56         20,090.05        14,951.44         7,076.16         7,076.16          2        152     5

UNIT  7
         275      79,981.50         30,325.76        20,318.50         10,706.79        10,706.79         7        209     5
         306      20,390.00         6,837.46         4,610.00          1,245.39         2490.78           7        205     25
         311      25,000.00         6,107.54         0.00              0.00             0.00              7        205     30
         314      25,000.00         6,076.16         0.00              0.00             0.00              7        205     33
         315      25,000.00         6,089.66         0.00              0.00             0.00              7        205     34
         393      47,938.31         16,187.30        11,048.99         1,496.80         5,987.20          7        211     1
         395      18,612.70         12,505.61        6,187.30          293.37           3,520.44          7        197     8
         402      23,453.27         7,758.17         4,346.73          236.86           2,842.32          7        195     24
         405      20,506.43         7,869.76         6,193.57          243.83           2,925.96          7        201     4
         439      28,000.00         8,271.16         0.00              0.00             0.00              7        198     10
         446      22,163.56         7,423.25         4,936.44          228.73           2,744.76          7        205     89
         447      21,740.36         7,602.98         5,329.64          228.73           2,744.76          7        199     29
         448      21,903.09         7,454.99         5,196.91          228.73           2,744.76          7        205     90
         449      22,323.33         7,263.59         4,776.78          228.73           2,744.76          7        205     88
         450      22,103.16         7,323.77         4,996.84          228.73           2,744.76          7        199     25
         453      23,446.63         15,868.67        8,553.37          377.95           4,535.40          7        201     1
         454      27,000.00         2,358.90         0.00              0.00             0.00              7        215     11
         469      21,128.00         7,292.21         6,172.00          1,372.04         2,744.08          7        206     25
         470      21,465.44         7,431.81         6,334.56          1,393.15         2,786.30          7        206     26
         471      21,386.58         7,405.07         6,313.42          1,386.11         2,772.22          7        206     27
         472      21,333.45         7,458.20         6,366.55          1,386.11         2,772.22          7        206     28
         473      21,332.16         7,459.49         6,367.84          1,386.11         2,772.22          7        206     29
         474      21,332.16         7,459.49         6,367.84          1,386.11         2,772.22          7        206     30
         475      20,504.24         5,415.19         7,095.76          1,386.11         2,772.22          7        206     31
         476      20,670.25         5,440.70         7,129.75          1,393.15         2,786.30          7        206     32
         483      29,889.66         10,262.57        7,010.34          319.30           3,831.60          7        204     18
         484      22,123.00         7,700.05         5,577.00          239.19           2,870.28          7        204     19
         488      22,865.30         7,291.05         5,234.70          228.73           2,744.76          7        199     27
         489      22,866.05         7,290.30         5,233.95          228.73           2,744.76          7        199     28
         493      22,894.58         7,340.05         5,205.42          228.73           2,744.76          7        199     23
         498      19,230.29         10,775.72        6,269.80          273.62           3,283.44          7        204     14
         499      23,010.24         6,645.02         4,589.76          1,477.58         2,955.16          7        197     2
         500      28,600.00         15,438.29        0.00              352.64           4,231.68          7        206     37
         502      24,753.25         8,736.90         6,346.75          269.37           3,232.44          7        204     17
         508      15,553.63         7,532.38         10,446.37         226.41           2,716.92          7        199     2
         510      25,827.89         11,839.99        3,472.11          301.49           3,617.88          7        203     82
         511      29,300.00         10,456.66        0.00              0.00             0.00              7        203     83
         516      35,000.00         4,268.50         0.00              0.00             0.00              7        195     1
         517      23,862.38         9,294.12         5,437.62          264.50           3,174.00          7        215     1
         519      21,461.07         16,600.35        8,638.93          371.93           4,463.16          7        206     20
         526      21,571.85         8,030.49         6,028.15          228.10           2,737.20          7        203     94
         530      32,600.00         6,961.14         0.00              0.00             0.00              7        205     1
         533      22,197.73         9,184.27         6,902.27          264.50           3,174.00          7        215     23
         568      31,100.00         5,758.11         0.00              0.00             0.00              7        203     11
         569      20,503.89         8,899.07         8,296.11          1,471.64         2,943.28          7        203     46
         570      21,633.86         9,240.74         7,166.14          1,471.64         2,943.28          7        203     47
         573      25,299.17         10,014.28        7,570.83          282.70           3,392.40          7        205     67
         574      22,181.99         8,485.39         5,918.01          242.66           2,911.92          7        205     68
         576      20,596.90         8,120.32         6,103.10          230.52           2,766.24          7        205     64
         577      21,600.15         8,689.74         7,399.85          249.94           2,999.28          7        205     72
         578      19,990.57         7,987.04         6,709.43          230.52           2,766.24          7        205     65
         582      18,326.84         15,935.86        10,473.16         355.40           4,264.80          7        203     91
         615      20,897.55         8,591.45         7,902.45          1,608.50         3,217.00          7        198     7
         617      22,963.01         9,352.07         8,836.99          1,626.16         3,252.32          7        204     26
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              ST. AUGUSTINE SHORES
                              UNDEVELOPED SOLD LOTS

                                                                                        CONTRACTUAL
                                                                       PAYMENT            ANNUAL
CONTRACT #        PRINCIPAL CTD     INTEREST CTD     C/R BALANCE       AMOUNT           COLLECTION        UNIT     BLOCK   LOT
------------      -------------     ------------     -----------       -------          ----------        ----     -----   ---
<S>               <C>               <C>              <C>               <C>              <C>               <C>      <C>     <C>
         623      22,443.80         17,540.70        10,756.20         410.50           4,926.00          7        205     36
         624      22,510.64         9,500.68         8,689.36          1,633.52         3,267.04          7        204     8
         640      22,097.79         9,395.63         9,002.21          268.14           3,217.68          7        204     36
         643      33,500.00         4,320.07         0.00              0.00             0.00              7        214     1
         M253     35,500.00         0.00             0.00              0.00             0.00              7        203     112
         M448     28,800.00         0.00             0.00              0.00             0.00              7        205     84
         M5932    62,894.90         1,725.76         1,305.10          174.86           699.44            7        203     10

UNIT 8
         198      21,916.67         8,091.57         5,283.33          2,876.03         2,876.03          8        190     5
         199      25,601.18         9,493.62         6,198.82          3,374.35         3,374.35          8        190     6
         200      25,473.06         9,949.50         6,626.94          3,402.82         3,402.82          8        190     7
         201      20,851.37         8,173.43         5,448.63          2,790.60         2,790.60          8        190     8
         202      21,235.74         7,865.43         5,064.26          2,790.60         2,790.60          8        190     9
         203      21,235.74         7,865.43         5,064.26          2,790.60         2,790.60          8        190     10
         204      21,165.62         7,859.18         5,134.38          2,790.60         2,790.60          8        190     11
         205      25,836.98         9,585.38         6,263.02          3,402.82         3,402.82          8        190     12
         221      28,165.87         9,158.48         3,934.13          279.47           3,353.64          8        185     23
         246      21,590.63         13,472.60        15,009.37         315.84           3,790.08          8        187     3
         251      24,500.00         4,394.28         0.00              0.00             0.00              8        185     6
         252      32,700.00         6,702.79         0.00              0.00             0.00              8        185     5
         253      24,500.00         342.46           0.00              0.00             0.00              8        185     8
         297      31,006.89         8,586.03         2,193.11          977.91           3,911.64          8        185     35
         343      19,039.14         10,509.86        4,960.86          263.48           3,161.76          8        189     60
         382      18,508.32         6,613.61         4,491.61          1,187.00         2,374.00          8        192     5
         383      23,000.00         2,120.05         0.00              0.00             0.00              8        192     3
         384      23,000.00         4,084.68         0.00              0.00             0.00              8        192     4
         385      18,729.81         6,532.19         4,270.19          1,187.00         2,374.00          8        192     6
         386      18,368.02         6,753.98         4,631.98          1,187.00         2,374.00          8        189     54
         392      28,921.09         10,742.28        6,978.91          3,829.95         3,829.95          8        189     6
         398      27,444.81         10,069.63        8,455.19          1,892.71         3,785.42          8        189     7
         435      23,000.00         3,028.46         0.00              0.00             0.00              8        185     13
         457      24,966.84         8,800.08         6,633.16          275.18           3,302.16          8        185     40
         495      24,000.00         9,508.51         0.00              0.00             0.00              8        185     28
         580      34,036.52         20,541.29        5,663.48          491.77           5,901.24          8        186     5
         639      28,200.00         4,521.31         0.00              0.00             0.00              8        185     34
         641      21,833.28         8,445.65         6,966.72          259.65           3,115.80          8        186     8
         642      18,610.49         8,077.31         8,689.51          242.66           2,911.92          8        185     29
         645      21,321.52         8,604.81         7,475.48          258.43           3,101.16          8        186     7
         646      22,148.17         8,351.75         7,751.83          1,464.28         2,928.56          8        185     24
         647      26,758.81         5,597.90         341.13            245.09           2,941.08          8        185     26
         648      27,520.86         11,724.17        10,779.14         347.00           4,164.00          8        185     36
         649      22,055.10         6,180.61         5,844.90          1,055.90         2,111.80          8        185     20
         650      20,116.19         9,079.95         8,583.81          1,582.01         3,164.02          8        185     18
         651      28,700.00         8,988.40         0.00              0.00             0.00              8        185     19
</TABLE>
<PAGE>
                              ST. AUGUSTINE SHORES
                                UNDEVELOPED LOTS

     Blocks 149, 150, 151 and 152, the REPLAT OF ST.  AUGUSTINE SHORES UNIT TWO,
according to the plat  thereof  recorded in Plat Book 13, Pages 114 through 124,
inclusive.

     All Lots and  Tract in all  Blocks  in ST.  AUGUSTINE  SHORES  UNIT  SEVEN,
according  to the plat  thereof  recorded in Plat Book 22,  Pages 24 through 48,
inclusive.

     All Lots and  Tract in all  Blocks  in ST.  AUGUSTINE  SHORES  UNIT  EIGHT,
according  to the plat  thereof  recorded in Plat Book 21,  Pages 58 through 63,
inclusive.

<PAGE>
                                    EXHIBIT D

                       ASSIGNMENT OF DEVELOPMENT AGREEMENT
                   BETWEEN ST. AUGUSTINE SHORES UTILITIES AND
                             THE DELTONA CORPORATION



     On this 13th day of November,  1997,  THE DELTONA  CORPORATION,  a Delaware
corporation,  hereby assigns all of its rights,  title, interest and obligations
in, under and to that certain Development Agreement between St. Augustine Shores
Utilities , a division of United Florida Utilities Corporation,  and The Deltona
Corporation  dated November 6, 1989 to SWAN DEVELOPMENT  CORPORATION,  a Florida
Corporation, pursuant to Section 26 thereof.


                                          THE DELTONA CORPORATION


                                          BY:/s/ Earle D.  Cortright, Jr.
                                             ----------------------------------
                                             Earle D. Cortright, Jr.
                                             President




<PAGE>
                                    EXHIBIT E

            ASSIGNMENT AND ASSUMPTION OF ALL RIGHTS, TITLE, INTEREST
        AND OBLIGATIONS IN THE PLANNED UNIT DEVELOPMENT #79-73 AND #79-75
                        ST. AUGUSTINE SHORES SUBDIVISION


     On this 13th day of November,  1997,  THE DELTONA  CORPORATION,  a Delaware
corporation,  (hereinafter  "Deltona") hereby assigns all of its rights,  title,
interest and obligations in, under and to that certain Planned Unit  Development
Ordinance #79-73 and that certain  Ordinance #79-75  pertaining to St. Augustine
Shores Subdivision  located in St. Johns County,  Florida dated December 5, 1979
and March 7, 1985,  respectively,  (hereinafter  the "PUD") to SWAN  DEVELOPMENT
CORPORATION,  a Florida  Corporation,  (hereinafter  "Swan").  Swan accepts this
Assignment  from Deltona and agrees to abide by all of the terms and  conditions
of the PUD.

     Swan expressly  agrees to this  assumption and does hereby for itself,  its
successors and assigns,  agree to hold harmless Deltona, its franchised dealers,
successors, subsidiary corporations, assigns, agents, employees and officers and
directors from any and all manner of claims, demands,  damages, causes of action
or suits that an entity,  corporation or purchaser  might now have or that might
subsequently  accrue  to it by any  reason  of any  matter  or thing  whatsoever
particularly  growing out of or in any way connected directly or indirectly with
the  failure  of  Deltona  to  develop  any  portion  of  St.  Augustine  Shores
Subdivision or to perform any of its  obligations  within St.  Augustine  Shores
Subdivision in accordance with the PUD.

THE DELTONA CORPORATION                     SWAN DEVELOPMENT CORPORATION



/s/ Earle D.  Cortright, Jr.                /s/ Antony Gram
----------------------------                ------------------------------
Earle D. Cortright, Jr., President          Antony Gram, President