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HomeMy WebLinkAbout9567876010918532 RECORDING REQUESTED BY AFTER RECORDING RETURN TO: LITTON LOAN SERVICING LP 4828 Loop Central Drive Houston, Texas 77081 Attn: Alison S. Walas Prepared By: t 1 Inv. 192 CMLTI 2007 -AMC3 LIMITED POWER OF ATTORNEY RECEIVED 11/17/2010 at 3:06 PM RECEIVING 956787 BOOK: 757 PAGE: 384 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000384 SPACE ABOVE THIS LINE FOR RECORDER'S USE KNOW ALL MEN BY THESE PRESENTS, that U.S. Bank National Association, as Trustee, having its principal place of business at 60 Livingston Avenue, St. Paul, Minnesota 55107, pursuant to that Pooling and Servicing Agreement among Citigroup Mortgage Loan Trust Inc. (the "Depositor Litton Loan Servicing LP (the "Servicer Citibank, N.A. (the "Trust Administrator and U.S. Bank National Association, (the "Trustee dated as of April 1, 2007, (CMLTI Asset Backed Pass Through Certificates, Series 2007- AMC3), (the "Agreement hereby constitutes and appoints the Servicer, by and through the Servicer's officers, the Trustee's true and lawful Attorney -in -Fact, in the Trustee's name, place and stead and for the Trustee's benefit, in connection with all mortgage loans serviced by the Servicer pursuant to the Agreement for the purpose of performing all acts and executing all documents in the name of the Trustee as may be customarily and reasonably necessary and appropriate to effectuate the following enumerated transactions in respect of any of the mortgages or deeds of trust (the "Mortgages" and the "Deeds of Trust respectively) and promissory notes secured thereby (the "Mortgage Notes for which the undersigned is acting as Trustee (whether the undersigned is named therein as mortgagee or beneficiary or has become mortgagee by virtue of endorsement of the Mortgage Note secured by any such Mortgage or Deed of Trust) and for which the Servicer is acting as servicer, all subject to the terms of the Agreement. This appointment shall apply to the following enumerated transactions only: 1. The modification or re- recording of a Mortgage or Deed of Trust, where said modification or re- recording is for the purpose of correcting the Mortgage or Deed of Trust to conform same to the original intent of the parties thereto, to correct title errors discovered after such title insurance was issued, or to effect loss mitigation efforts in compliance with any government sponsored program or prudent servicing practice, and in all instances, which said modification or re- recording does not adversely affect the lien of the Mortgage or Deed of Trust as insured. 2. The subordination of the lien of a Mortgage or Deed of Trust to an easement in favor of a public utility company or a government agency or unit with powers of eminent domain; this section shall include, without limitation, the execution of partial satisfactions /releases, partial reconveyances or the execution of requests to trustees to accomplish same, or the subordination of the lien of a Mortgage or Deed of Trust to a lease of said property for oil or mineral development where (1) such lease does not adversely affect the lien of the Mortgage or Deed of Trust as insured (2) such lease is customary in the area and (3) exercise of such lease will not have a material effect on the value of the property, prevent the use of the property as a residence, or expose the residents to serious health or safety hazards. 3. The conveyance of the properties to the mortgage insurer, or the closing of the title to the property to be acquired as real estate owned, or conveyance of title to real estate owned. 4. The completion of loan assumption agreements. 5. The full satisfaction/release of a Mortgage or Deed of Trust or full conveyance upon discharge by payment or other satisfaction of all sums secured 'thereby, including, without limitation, cancellation of the related Mortgage Note. 6. The assignment of any Mortgage or Deed of Trust and the related Mortgage Note, in connection with the repurchase of the mortgage loan secured and evidenced thereby. 7. The full assignment of a Mortgage or Deed of Trust upon payment and discharge of all sums secured thereby in conjunction with the refinancing thereof, including, without limitation, the assignment of the related Mortgage Note. 8. With respect to a Mortgage or Deed of Trust, the foreclosure, the acceptance of a short sale agreement, the taking of a deed in lieu of foreclosure, or the completion of judicial or non judicial foreclosure or termination, cancellation or rescission of any such foreclosure, or sale, including, without limitation, any and all of the following acts: a. the substitution of trustee(s) serving under a Deed of Trust, in accordance with state law and the Deed of Trust; b. the preparation and issuance of statements of breach or non performance; c. the preparation and filing of notices of default and /or notices of sale; d. the cancellation/rescission of notices of default and /or notices of sale; e. the taking of a deed in lieu of foreclosure or the acceptance of a short sale agreement; and Inv. 192 CMLTI 2007 -AMC3 000386 f. the preparation and execution of such other documents and performance of such other actions as may be necessary under the terms of the Agreement, Mortgage, Deed of Trust or state law to expeditiously complete said transactions in paragraphs 8.a. through 8.e., above. (9) With respect to the sale of property acquired through a foreclosure or deed -in lieu of foreclosure, including without limitation, the execution of the following documentation: a. listing agreements; b. purchase and sale agreements; c. grant /warranty /quit claim deeds or any other deed causing the transfer of title of the property to a party contracted to purchase same; d. escrow instructions; e. any and all documents necessary to effect the transfer of property. (10) The modification or amendment of escrow agreements established for repairs to the mortgaged property or reserves for replacement or personal property. The undersigned gives said Attorney -in -Fact full power and authority to execute such instruments and to do and perform all and every act and thing necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully as the undersigned might or could do, and hereby does ratify and confirm to all that said Attorney -in- Fact shall lawfully do or cause to be done by authority hereof. 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 shall continue in full force and effect and has not been revoked unless an instrument of revocation has been made in writing by the undersigned. The Trustee shall be entitled to the indemnification provided by the Servicer in the Agreement as if set forth herein in connection with the actions of the Servicer under this Limited Power of Attorney. Inv. 192 CMLT1 2007 -AMC3 i387 IN WITNESS WIIER.EOF, U.S. Bank National Association, as Trustee pursuant to that Pooling and Servicing Agreement among the Depositor, the Servicer, the Trust Administrator and the Trustee, dated as of April 1, 2007 (CMLTI Asset Backed Pass Through Certificates, Series 2007- AMC3), has caused these presents to be signed and acknowledged in its name and behalf by Charles F. Pedersen its duly elected and authorized Vice President this 27 day of April, 2010. NO CORPORATE SEAL Witness: i Witness: Mic /.4," e ,r engtson r isha L. Willett STATE OF MINNESOTA COUNTY OF RAMSEY U.S. Bank National Association, as Trustee for the CMLTI Asset Backed Pass Through Certificates, Series 2007 -AMC3 By Charles F. Pedersen Vice President On April 27 2010, before me, the undersigned, a Notary Public in and for said state, personally appeared Charles F. Pedersen, Vice President of U.S. Bank National Association, a national banking association, personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed that same in his authorized capacity, and that by his signature on the instrument the entity upon behalf of which the person acted and executed the instrument. WITNESS my hand and official seal. (SEAL) Inv. 192 CMLTI 2007 -AMC3 KAREN L. WARREN NOTARY PUBLIC MINNESOTA My Commission Expires Jan. 3��? {Karen L. Warren} Notary Public My Commission Expires 01/31/2012