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50882 (04)
3397
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DOC # 2001-0278166
MAY 03, 2001 8:40 AM
OfFICIAL REæROO
SAl~ DIEGO COUNTY RECORDER'S OFFICE
GRffiORY J. SMITH! COUNW RECORDER
FEES: 135.00
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RECEIVED 2/23/2006 at 11 :47 AM
RECEIVING # 916172
BOOK: 612 PAGE: 822
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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'd- 0 SAN DIEGO COUNTY J CALIFORNIA
Record and Return to:
Paid Accounts Dept. #410
Chase Manhattan Mortgage Corporation
PO Box 509011
San Diego. CA 92150-9944
LIMITED POWER OF ATTORNEY
This Limited Power of Attorney is made as of April 6, 2001 by Goleta National Bank, having an office at
445 Pine Avenue, Goleta, CA 93117 ("Owner"). in favor of Chase Manhattan Mortgage Corporation, a New
Jersey corporation, having an office at 10790 Rancho Bernardo Road, San Diego, CA 92127 ("Servicer").
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WHEREAS, Owner and Advanta Mortgage Corp., USA, ("Ad vanta") executed and delivered a certain
Loan Servicing Agreement dated as of May 8. 1998 (the "Servicing Agreement"), pursuant to which Owner and
Servicer agreed to certain tenns governing the servicing of single family mortgage loans. ("Mortgage Loans") by
Servicer on behalf of Owner; and
WHEREAS. Servicer has by written assignment assumed the rights and obligations of Advanta under the
Servicing Agreement; and
WHEREAS, Owner and Servicer desire that Owner execute and deliver this Limited Power of Attorney in
order to facilitate the servicing of the Mortgage Loans by Servicer.
NOW THEREFORE, Owner does hereby appoint, subject to and in accordance with the Servicing
Agreement, Servicer, as its attorney-in-fact, in its name, place and stead:
1)
To execute all documents necessary to satisfy or discharge "Mortgages" and "Notes" (as defined in the
Servicing Agreement) upon receipt of all principal, interest and other payments called for in the related lien
documents;
2)
To take such actions as are necessary and appropriate to pursue, prosecute and defend foreclosures (or other
comparable conversions to ownership), ejectments, evictions, bankruptcies, suits and other related matters
with respect to "Mortgaged Properties" (as defined in the Servicing Agreement), in accordance with
Servicing Agreement;
3)
To execute all deeds, deeds to secure debt, assignments, transfers, tax declarations, certificates, pledges and
any other documents or instruments whatsoever which are necessary, appropriate, or required in order to
transfer and assign Mortgaged Properties acquired by Owner either by foreclosure or by deed in lieu of
foreclosure and any such deed to be without recourse;
4)
To take such further actions as are deemed necessary or desirable to service, administer, and enforce the
terms of said Mortgage Loans in accordance with the Servicing Agreement; and
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To endorse checks, notes, draft1 at}d other eVidém:es--0r payment made payable to the Owner, representing
payments on accounts in the n8fe or-the Own~'::.. ~
Until a properly executed revoJatio~ of t~Limtted-~ower of Attorney is duly executed and delivered, all
parties dealing with said attorney-in-fact (indivi~ally or ç,Ç>llectively) in connection with the above described
matters may fully rely upon the power and autþpfity pf said attorney-in-fact to act for and on behalf of the
undersigned, and in its name, place and stead, ar\Šjnay ~cce~t and rely on all documents and agreements entered
into by said attorney-in-fact pursuant to the powers listed herein.
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As between Owner and Service;" tijis LiJriited Po\'{~ pf Attorney shall be effective as of April 6, 200 I and
shall remain in full force and effect theJeaftér until a writteQ n 'tice of revocation hereof shall have been executed by
Owner. The expiration or revocation 9¥ t~ period of ag~cy hereunder shall in no wise affect the validity of any
actions of said Attorney-In-Fact during saíd'period. Th' . ited Power of Attorney is not intended to modify or
expand the rights and obligations of Servicer as set forth in the Servicing Agreement.
5)
Nothing in this Limited Power of Attorney shall be construed to prevent Owner from acting on its behalf as
the owner of the Mortgage Loans.
IN WITNESS WHEREOF, Owner has caused this Limited Power of Attorney to be signed and executed as
its seal hereto affixed in its name by its proper officer thereunto duly authorized on the 9th day of April, 2001.
Goleta National Bank
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Witness
By:
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B. R. Merry
Name:
Title:
Sr. Vice President
State of California
: ss
County of Santa Barbara
On this, the 9th day of April, 2001, before me, Diana Carmel Reginato, a Notary Public in,and for said County
and State, personally appeared, B. R. Merry, personally known to me to be the person whose name is subscribed to
the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his
signature on the instnunent the person, or the entity upon behalf of which the person acted, executed the instrument.
WITNESS my hand and official seal
~......_-_.-.~------
~ DIANA CARMEL REGINATO
- Commission It 1171635 . ~
I -11Ô Notary Puolic - California f
i .' Santa Barbara County f
' Mt Comm, Expires Jon 30. 2002
~-------------_........
My Commission Expires on 01130/2002.
Document Prepared by:
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10790 Rancho Bernardo Road, San Diego, CA 92127 858-676-3099
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This is a Iru. certified copy of Ihe record
1111 bears theseal,lmprlnled In purple Ink,
ollhe Recorder. HAY 08 2001
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'Recorder/County Clerk
San Œ<I!'!r County, California
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