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Prepared by and Return To:
Prepared by and Return To:
PHH MORTGAGE CORP. - MAIL STOP SV03
4001 Leadenhall Road
MT. LAUREL, NJ 08054
RECEIVED 10/20/2008 at 10:02 AM
RECEIVING # 942973
BOOK: 707 PAGE: 335
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Limited Power of Attornev
KNOW ALL MEN BY THESE PRESENTS, that Merrill Lynch Credit Corporation
("MLCC"), a Delaware corporation, having its principal place of business at 4802 Deer Lake
Drive East, JacksonviIle, Florida 32246, hereby constitutes and appoints PIlli Mortgage
Corporation (flk/a Cendant Mortgage Corporation) d/b/a PHH Mortgage Services ("PHH"), a
New Jersey corporation, having offices at 3000 Leadenhall Road, Mt. Laurel, New Jersey 08054,
by and through its officers, its true and lawful Attorney-in-Fact, in its name, place and stead and
for its benefit, in connection with mortgage loans originated, serviced and/or subserviced by PHH
on behalf of MLCC pursuant to (i) that certain Servicing Rights Purchase and Sale Agreement,
dated as of December 15, 2000 (the "Servicing Agreement"), (ii) that certain Origination
Assistance Agreement, dated as of December 15, 2000 (the "Origination Agreement"), (iii) that
certain Loan Purchase and Sale Agreement, dated as of December 15, 2000 (the "Purchase and
Sale Agreement"), (iv) that certain Equity Access<PJ and OmegaSm Loan Subservicing Agreement,
dated as of June 6, 2002 (the "Equity Access Agreement,"), and (v) that certain Amendment
Agreement No. I, dated as of January 2, 2001, for the purposes of perfonning all acts and
executing all documents in the name of MLCC necessary and incidental to the origination,
servicing and/or subservicing of said loans, including but not limited to:
(I) Originating, processing, underwriting, approving and closing residential loans and the
preparation of related loan documentation in connection therewith, including but not
limited to Promissory Notes, Mortgages, Deeds of Trust, Deeds to Secure Debt, and other
security instruments and any ancil1ary documentation related thereto;
(2) Foreclosing delinquent loans or discontinuing such foreclosure proceedings, including,
but not limited to, the execution of notices of default, notices of sale, assignments of bids,
and assignments of deficiency judgments, and appearing in and prosecuting bankruptcy
proceedings;
(3) Selling, transferring or otherwise disposing of real property acquired through foreclosure
or otherwise, including, but not limited to, executing all contracts, agreements, deeds,
assignments or other instruments necessary to effect such sale, transfer or disposition, and
receiving proceeds and endorsing checks made payable to the order of MLCC from such
proceedings;
(4) Preparing, executing, and delivering satisfactions, cancellations, discharges, lost note
instruments, or full or partial releases of lien, subordination agreements, modification
agreements, assumption agreements, substitutions of trustees under deeds of trust, and
UCC -3 Continuation Statements;
(5)
Endorsing promissory notes and executing assignments of mortgages, deeds of trust, . .
deeds to secure debt, and other security instruments securing said promissory notes in (; 00336
connection with loans for which PHH has received full payment of all outstanding
amounts due on behalf ofMLCC;
(6)
Endorsing insurance proceeds checks and mortgage payment checks to the order of
MLCC;
(7)
Preparing, executing, and delivering assignments of mortgages, endorsements and any
such similar agreement and any ancillary agreement related thereto for mortgage loans
transferred by MLCC to PHH;
(8)
Any and all such other acts of any kind and nature whatsoever that are necessary and
prudent to originate, service and/or subservice the loans.
MLCC further grants to PHH full power and authority to do and perform all acts
necessary for PHH to carry into effect the power or powers granted by or under this Limited
Power of Attorney as fully as MLCC might or could do with the same validity as if all and every
such act had been herein particularly stated, expressed and especially provided for, and hereby
ratifies and confirms all that PHH shall lawfully do by virtue of the powers and authority granted
and contemplated hereby. This Limited Power of Attorney shall remain in full force and effect
until December 31,2020 unless sooner revoked or terminated by MLCC.
Third parties without actual notice may rely upon the exercise of the power granted under
this Limited Power of Attorney, and may be satisfied that this Limited Power of Attorney has not
been revoked by MLCC.
Witnesses:
J7'od~ 4r
'"Sandra Bergeron
MERRILL L YNCR CREDIT CORPORA nON
By:
~
ATTEST:
Holly H. M
(Corporate Seal)
STATE OF FLORIDA
COUNTY OF DUVAL
On this /Sri day ofj-jJ f el'lIihtrZIX/i, before me, the undersigned, a Notary Public in and for said
county and state, personally appeared Tami couchot and Holly H. Mruz, personally known to me to be the persons who
executed the within instrument as Vice President and Assistant Secretary, respectively, on behalf of the corporation
therein named, and they duly severally acknowledged that said instrument is the act and deed of said corporation, and
that they, being authorized to do so, executed and delivered said instrument and a ed the corporate seal thereto for
the purposes therein contained. - I
Witness by hand and official seal.
""~~~::'" LAURA J. TOTH
l~œ~ :(~\ Notary Public· State of Florida
ª. * : . ~My Commission Expires May 24.2010
;~'" :"'~~i Commission # DO 556530
"I~- OF f\.v,'\"
",,,,,,,,, Bonded By National Notary Assn.
Notary Public, State of Florida
Commission Number:
My Commission Expires: