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HomeMy WebLinkAbout970064Jay De Boyer Register Of Deeds St Clair County, Michigan Rec $16.00 Remon $4.00 Tax Crt $0.00 RECEIVED 1 3 2015 LIMITED POWER OF ATTORNEY This Limited Power of Attorney is made in connection with Section 2.2 of that certain Servicing Agreement (the "Servicing Agreement'), by and between RoundPoint Mortgage Servicing Corporation, a Florida corporation "Servicer and SFR 2010 -3 Acquisition LLC, a Florida limited liability company ("Manager"), dated as of November 30, 2010. Capitalized terms used but not defined herein shall have the respective meaning ascribed thereto in the Servicing Agreement. 2010 -3 SFR Venture, LLC, a Delaware Iimited liability Company (the "Company") through a single purpose entity that is wholly owned by the Company named 2010 -3 SFR Venture REO, LLC (the "Ownership Entity") holds certain Acquired Property and REO Property. Manager has the authority and responsibility to manage such Acquired Property and REO Property for the Company and Ownership Entity as the appointed manager the Company. The Company is the sole member and manager of the Ownership Entity and as the managing member has designated certain officers who have the authority to exercise the powers and duties of the managing member pursuant to the Ownership Entity's Operating Agreement, dated January 3, 2011. Servicer, pursuant to the Servicing Agreement, has agreed to service, administer, manage, operate, lease, sell or dispose such Acquired Property and REO Property for the benefit of Manager, the Company and the Ownership Entity. In order for Servicer to perform its obligations under the Servicing Agreement with respect to the servicing, administration, management, operation, leasing, selling or disposition of the Acquired Property and REO Property for the benefit of Manager, the Company and the Ownership Entity, Manager, the Company, the Ownership Entity and Servicer agree that it is necessary for the Ownership Entity to execute and deliver this Limited Power of Attorney. Ownership Entity hereby makes, constitutes and appoints Servicer, for Ownership Entity's benefit and in Ownership Entity's name, place, and stead, Ownership Entity's true and lawful attorney -in -fact to perform all acts and execute all documents on its behalf as may be customary, necessary and appropriate in connection with Servicer's performance of the servicing, management and administrative obligations set forth in the Servicing Agreement with respect to the Acquired Property and REO Property, subject to the terms and conditions set forth in the Servicing Agreement, including the Servicing Standard as set forth in the Servicing Agreement, and hereby does ratify and confirm to all that the attorney -in -fact hereunder shall lawfully do or cause to be done by authority hereof. Nothing herein shall give the attorney -in -fact hereunder the right or power to negotiate or settle any suit, counterclaim or action against Manager, the Ownership Entity or the Company. Ownership Entity shall have no obligation to inspect or review any agreement or other document or item executed by the attorney -in -fact hereunder on behalf of Ownership Entity pursuant to this Limited Power of Attorney and as such, the attorney -in -fact hereunder expressly acknowledges that Ownership Entity is relying upon such attorney -in -fact to undertake any and all necessary procedures to confirm the accuracy of any such agreement, document or other item. Recorded March 13, 2013 03 :32;24 PM Liber 4369 Page 204 -206 Receipt 7129 POP #2013006919 ism III IIIl II i Hill Seal Liber 4369 Page 204 II r Image ID: 000001774139 Type: OFF Kind: POWER OF ATTORNEY Recorded: 03 /22/2012 at 12:40:40 PM Pee Amt: 939.00 Pace 1 of 3 InetrO 201200003374 Muskingum County Karen Vincent County Recorder 2389 P03 fp aI c :f.. J s oFFicEormEREcoRDER-!„. 4 I it A. MUSKINGlJMC011NIY' gbe;eN ,.,,�r!Qr >J� 9e o 01/f� recorded RECEIVED 3 /21/2013 at 4:00 PM RECEIVING 970064 BOOK: 807 PAGE: 309 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Book: 2389 Page: 3 Seq: 1 [Signature Page Follows] rmaoa r0: 00000177413O Type: OFF Kind: POWER OF ATTORNEY Paw' 2 of 3 2389 PG4 Any third party may rely upon a copy of this Limited Power of Attorney, to the same extent as if it were an original, and shall be entitled to rely on a writing signed by the attorney -in- fact hereunder to establish conclusively the identity of a particular right, power, capacity, asset, liability, obligation, property, loan or commitment of such attorney -in -fact for all purposes of this Limited Power of Attorney. No attorney -in -fact hereunder shall be obligated to furnish a bond or other security in connection with its actions hereunder. Ownership Entity authorizes Servicer, by and through any of its directors or officers, or any other employee who is duly authorized by Servicer as attorney in fact appointed hereunder to certify, deliver and/or record copies and originals of this Limited Power of Attorney. This Limited Power of Attomey shall be effective from November 30, 2010 and shall remain in full force and effect as a limited and revocable power of attorney, which may be revoked at anytime in writing by Ownership Entity or its successors or assigns, until the date on which the Servicer ceases to act as Servicer under the Servicing Agreement. If any provision of this Limited Power of Attorney shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of each of the other provisions hereof shall not be affected thereby. 0310 Hook: 2389 Page: 3 Seq: 2 IN WITNESS WHEREOF, Ownership Entity has caused this Limited Power of Attorney to be executed and subscribed in its name as of October 27, 2011. WITNES By: Name: J,JL G-:w WITNESS: By: Name: I:,1 STATE OF NORTH CAROLINA) COUNTY OF MECKLENBURG Prepared by: 2010 3 SFR Venture REO LLC 2010 -3 SFR VENTURE REO, LLC By: Name: Salvatore Russo Title: Vice President ss M`, C'D'MmkSS%Or'\ GXP.reS OGko'O 13, aot ly minungb Imago ID: 000001774140 Type: OFF Kind: POWER OF ATTORNEY Papa 3 of 3 a 2389 P05 On October 27, 2011 before me personally appeared Salvatore Russo, known to me to be a Vice President of 2010 -3 SFR Venture REO, LLC, that executed the preceding Limited Power of Attorney and also known to me to be the person who executed it on behalf of said company, and acknowledged to me that such company executed the preceding Limited Power of Attorney. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the year and day in this certificate first written. Public Si\€ Kem p 0314 Hook: 2389 Page: 3 Seq: 3