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HomeMy WebLinkAbout953863When Recorded Mail To: MGC Mortgage, Inc. 7195 Dallas Parkway Plano, TX 75024 By: Pro Genera By: Nam Title: STATE OF TEXAS hemer xecutive Vice President TERRI S. WEISS Notary PUblic, State of Texas My Commission Expires November 21, 2010 :o m w :7 omm in:11111111 iSS RECEIVED 6/8/2010 at 2:28 PM RECEIVING 953863 BOOK: 748 PAGE: 588 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY LIMITED POWER OF ATTORNEY From time to time Property Acceptance Corp., as General Partner of LPP Mortgage Ltd. "LPP may permit MGC Mortgage, Inc. to service certain residential mortgage loans owned by LPP with an unpaid principal balance of less than $1 million (the "Mortgage Loans In order to facilitate such servicing, LPP hereby constitutes and appoints Kent Twitchell, Senior Vice President, Beal Service Corporation (provided that such person continues to hold such corporate office), as its true and lawful attorney -in -fact, and in its name, place and stead and for its use and benefit, to execute and acknowledge all documents for the purpose of (i) procuring, preparing, completing and recording any mortgage, deed of trust or similar security instrument ("Mortgage and any assignment of Mortgage or reconveyance or release instrument which is required (a) for the proper servicing of the related Mortgage Loan or otherwise necessary to cure any defect in the chain of title, (b) to ensure that record title to the Mortgage Loan vests in LPP or LPP's designee, and (c) for any other transfer of record title which is required with respect to the Mortgage Loans or the underlying security interest related to each Mortgage Loan; (ii) ensuring that each promissory note related to each Mortgage Loan has been properly endorsed to LPP or LPP's designee; (iii) curing any defects associated with any other document or instrument with respect to a Mortgage Loan related to the servicing thereof; (iv) pursuing, prosecuting and defending foreclosures (or other comparable conversions to ownership), ejectments, evictions, bankruptcies, suits and other related matters with respect to properties subject to the Mortgage Loans (the "Mortgage Properties (v) executing, without recourse of any kind to LPP, all deeds, tax declarations, certificates and any other documents or instruments necessary, appropriate or required to list, sell, transfer and assign Mortgage Properties acquired by LPP either by foreclosure or by deed in lieu of foreclosure; (vi) taking such further actions as are deemed necessary or required to service, administer and enforce the terms of the Mortgage Loans; and (vii) endorsing checks, drafts and other evidences of payment made payable to LPP regarding the Mortgage Loans. The undersigned gives to said attorney -in -fact full power and authority to execute such instruments and to do and perform all things requisite, necessary, and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully, to all intents and purposes, as the undersigned might or could do, as if the unders.ip ed were personally present. This Limited Power of Attorney is executed and is effective as of this `f tday of March 2010, and expires on the first anniversary date thereafter. Any photocopy or other reproduction of this Limited Power of Attorney may be used, accepted and relied upon in lieu of the original hereof for the purpose of recording, filing or otherwise. LPP Mortgage Ltd. ATTEST cceptance Corp., r By Name. Stephen J. Costas Title: General Counsel COUNTY OF COLLIN On this 7 day of March in the year 2010 before me, Terri S. Weiss a Notary Public of said state, duly commissioned t i me on the basis of sat sfact ry eviden to be the r pesons who executed the within n n stru enton proved to behalf of LPP Mortgage Ltd. IN WITNESS WHEREOF, I have hereunto set my hand and affirmed my official seal he day and year in this certificate first above written. Noe/Clary Public LIMITED POWER OF ATTORNEY This page has been left blank and is to be used for Certification/Recording information and should remain part of this document. County Clerk, Please stamp and certify below. Filed and Recorded Official Public Records John F. Warren, County Clerk Dallas County, TEXAS 03/11/2010 09:59:36 AM $20,00 201000058367 THE STATE OF TEXAS COUNTY OF DALLAS I hereby certify that the above and foregoing is a full, true, and correct photographk copy of the original record now In my lawful Custody and possession, filed on the date stamped thereon and as the same Is recorded In the Recorder's Records In my Ace under the volume and page or Instrument stamped thereon. I hereby certify on