Loading...
HomeMy WebLinkAbout9578256011019713 RECORDING REQUESTED BY Chase Home Finance LLC REO Dept #722 10790 Rancho Bernardo Rd San Diego, CA 92127 LIMITED POWER OF ATTORNEY RECEIVED 1/27/2011 at 11:55 AM RECEIVING 957825 BOOK: 761 PAGE: 487 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY KNOW ALL MEN BY THESE PRESENTS, Citibank, N.A., a national banking association and having an office for the conduct of business in New York, New York, solely in its capacity as trustee (in such capacity the "Trustee under the Trust Agreement dated as of June 1, 2007 entered into among Structured Asset Securities Corp., "SASCO "),as Depositor, Aurora Loan Services Inc., "Aurora as Master Servicer, and the Trustee pursuant to which BNC Mortgage Loan Trust Certificates, Series 2007- 3 are issued and not in its individual corporate capacity, hereby constitutes and appoints Chase Manhattan Mortgage Corporation, a New Jersey Corporation, N.A., as its true and lawful attorney -in -fact, in its name, place and stead and for its use and benefit, to execute and acknowledge in writing or by facsimile stamp or otherwise all documents customarily and reasonably necessary and appropriate for the tasks described in items (i) through (vii) below relating to certain mortgage loans (the "Loans owned by the undersigned, as Trustee, as serviced by Chase Home Finance LLC, as Servicer under the Securitization Servicing Agreement dated as of June 1, 2007. These Loans are comprised of Mortgages, Deeds of Trust, Deeds to Secure Debt, Co -ops and other forms of Security Instruments (collectively the "Security Instruments and the notes secured thereby (the "Notes i. The Substitution of Trustee(s) in Deeds of Trust and /or Deeds to Secure Debt in the name of the undersigned, as Trustee, ii. The Extension and /or Renewal of Financing Statements in the name of the undersigned, as Trustee, iii. The Satisfaction, Assignment and/or Release of Security Instruments and /or Financing Statements in the name of the undersigned, as Trustee, or the issuance of Deeds of Reconveyance upon payment in full and /or discharge of the Notes secured thereby, iv. The Modification and /or Partial Release of Security Instruments, 0048'6 v. The Assumption of Security Instruments and the Notes secured thereby, 0004S8 vi. The right to collect, accelerate, initiate suit on and /or foreclose all Loans, and vii. The right to manage, sell, convey or transfer the real and /or personal property specified in the Security Instruments. The undersigned gives to said attorney -in -fact full power and authority to execute such instruments as if the undersigned were personally present, hereby ratifying and confirming all that said attorney -in -fact shall lawfully do or cause to be done by authority hereof. The undersigned also gives to said attorney -in -fact full power and authority to appoint by subsequent power of attorney a subservicer (a "Subservicer to act in its stead so long as the Trustee is given prior notice of such appointment. Third parties without actual notice may rely upon the power granted to said attorney -in -fact under this Limited Power of Attorney and may assume that, upon the exercise of such power, all conditions precedent to such exercise of power have been satisfied and this Power of Attorney has not been revoked unless an Instrument of Revocation has been recorded. This limited power of attorney has been executed and is effective as of this 5th day of September 2007 and the same and any subsequent limited power of attorney given to any Subservicer shall terminate on the date that is the earlier of (i) one year from the date hereof and (ii) the occurrence of any of the following events or until revoked in writing by the undersigned provided, that so long as none of the following events below have occurred or continuing, the Trustee shall execute and deliver a replacement power of attorney: i. the supervision or termination of CHASE HOME FINANCE LLC as Servicer with respect to the Loans serviced under the Trust Agreement, ii. the transfer of servicing from CHASE HOME FINANCE LLC to another Servicer with respect to the Loans serviced under the Trust Agreement, iii. the appointment of a receiver or conservator with respect to the business of the attorney in -fact or CHASE HOME FINANCE LLC, or iv. the filing of a voluntary or involuntary petition of bankruptcy by the attorney -in -fact, CHASE HOME FINANCE LLC, or any of their creditors. Nothing contained herein shall be deemed to amend or modify the related Trust Agreements or the respective rights, duties or obligations of the Trustee or CHASE HOME FINANCE LLC thereunder, and nothing herein shall constitute a waiver of any rights or remedies thereunder. If this limited power of attorney is revoked or terminated for any reason whatsoever, a limited power of attorney given by the Servicer to any Subservicer shall be deemed to be revoked or terminated at the same time. This Limited Power of Attorney supersedes all prior powers of attorney given by the undersigned to CHASE HOME FINANCE LLC for the Loans, and all such powers and the authority granted thereunder are hereby revoked effective as of the date of recording of this Limited Power of Attorney. Witness: Notwithstanding the foregoing, the power and the authority given to said attorney -in -fact or any Subservicer under this Limited Power of Attorney shall be revoked with respect to a particular Trust Agreement and the Loans subject thereto upon the occurrence of: i. the suspension or termination of CHASE HOME FINANCE LLC as Servicer under such Trust Agreement; or Securitization Subservicing Agreement ii. the transfer of servicing under such Trust Agreement or Securitization Subserving Agreement from CHASE HOME FINANCE LLC to another Servicer. Vice J!� n Hannon i President Karen Schluter Vice President Citibank, N.A. as Trustee ©00 Name: Cirino Emanuele Title: Vice President State of New York) ss.: County of New York On the _5th day of September in the year _2007 before me, the undersigned, a Notary Public in and for said State, personally appeared Cirino Emanuele, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he /she executed the same in his /her capacity, and that by his /her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. WITNESS my hand and official seal My commission Expires 00(A90 J 1 i Notary Public •of a1` ZENAIOA SAt f{AGO NOTA.P t:'..STATE OF t YORK tslo, 01SA6152664 Qualified in Kings Goulity