EXHIBIT 10.250
                  AMENDMENT NO. 5
                               TO PROMISSORY NOTE
                                [BILOXI PROPERTY]

     THIS  AMENDMENT  NO.  5  TO  PROMISSORY  NOTE  [BILOXI  PROPERTY]  (this
"Amendment")  entered  into  as of this ____ day of ______________, 2002, but is
effective  as  of  March  1,  2002,  between LEISURE HOMES CORPORATION, a Nevada
corporation,  formerly  known  as  Preferred Equities Corporation ("Maker"), and
FINOVA  CAPITAL  CORPORATION,  a  Delaware  corporation ("Lender"), is made with
reference  to  the  following:

                                 R E C I T A L S

     Maker previously executed and delivered to Lender a Promissory Note [Biloxi
Property],  dated  March  20,  1998,  in  the  original  principal  amount  of
$1,173,750.00,  as  amended  by  that certain Amendment No. 1 to Promissory Note
[Biloxi  Property]  dated  March  31,  2000,  as further amended by that certain
Amendment No. 2 to Promissory Note [Biloxi Property] dated December 29, 2000, as
further  amended  by  that  certain  Amendment  No. 3 to Promissory Note [Biloxi
Property]  dated  April 6, 2001 and as further amended by that certain Amendment
No.  4  to Promissory Note [Biloxi Property] dated January 3, 2002 (collectively
the  "Note")  to  evidence  the Biloxi Advance (as defined in the Loan Agreement
[hereinafter  defined] made pursuant to the terms of that certain Second Amended
and  Restated  Loan  and Security Agreement dated May 15,1997, between Maker and
Lender  (the  "Original  Loan  Agreement").

On  even date herewith, the Maker and Lender have entered into a Tenth Amendment
to Forbearance Agreement and Amendment No. 15 to Second Amended and Restated and
Consolidated  Loan  and  Security  Agreement  (the  "Loan Amendment").  The Loan
Amendment provides, among other things, for an amendment to the maturity date of
the Note.  The Original Loan Agreement, as amended by the Loan Amendment and all
other  amendments executed prior to the date hereof, and as the same may, in the
future, be amended and restated, is called the "Loan Agreement". All capitalized
terms  used  in  this  Amendment, which are defined in the Loan Agreement, shall
have  the  same  meaning  and  definition  when  used  herein.

The  Maker  and  Lender  desire  to  amend  the  Note.

NOW,  THEREFORE,  in consideration of these Recitals, the covenants contained in
this  Amendment,  and for other good and valuable consideration, the receipt and
sufficiency  of  which  consideration  are hereby acknowledged, Lender and Maker
agree  as  follows:



1.     All references in the Note to the term "Maturity Date" shall now mean and
refer  to  December  31,  2002.  Maker shall have no right to further extend the
Maturity  Date.

2.     Maker  hereby  ratifies  and confirms the Note, as amended hereby, in all
respects;  and,  as amended hereby, the terms thereof shall remain in full force
and effect.  This Amendment may be attached to and shall form a part of the Note
for  all  purposes.



                            [SIGNATURE PAGE FOLLOWS]

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IN  WITNESS  WHEREOF,  this instrument is executed as of the date and year first
above  written.

                            LEISURE  HOMES  CORPORATION,  a  Nevada  corporation


                                     By:________________________________________
                                          Name:_________________________________
                                         Title:_________________________________

                                                                         "MAKER"

FINOVA  CAPITAL  CORPORATION,  a  Delaware  corporation


                                     By:________________________________________
                                          Name:_________________________________
                                         Title:_________________________________

                                                                        "LENDER"

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State  of  Nevada     )
                      )
County  of  Clark     )

     This  instrument was acknowledged before me on ______________ ___, 2002, by
_______________________________,  as  ______________________,  of  LEISURE HOMES
CORPORATION,  a  Nevada  corporation,  on  behalf  of  the  corporation.


                                             ___________________________________
                                                        Notary


                                     (My  commission  expires: ________________)




State  of  Arizona     )
                       )
County  of  Maricopa   )


     This instrument was acknowledged before me on __________________ ___, 2002,
by  ____________________________________,  as  ______________________  of FINOVA
CAPITAL  CORPORATION,  a  Delaware  corporation,  on  behalf of the corporation.


                                             ___________________________________
                                                        Notary


                                     (My  commission  expires: ________________)

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