HomeMy WebLinkAbout9731881. Pursuant to that certain Agreement for the Purchase of Servicing Rights, dated as
of May 19, 2008, (the "Agreement), JPMorgan Chase Bank, N.A. "JPMCB,NA a national
banking organization with offices at 194 Wood South, Iselin, New Jersey 08830, "Purchaser
acquired from First Tennessee Bank "Seller with offices located at 4000 Horizon Way,
Irving, Texas 75063, the rights to service the Mortgage Loans as defined in the Agreement (the
"Mortgages which Mortgage Loans are either loans wholly owned by Purchaser Fannie Mae,
Freddie Mac, Ginnie Mae or serve as collateral for Fannie Mae MBS, Freddie Mac PC or Ginnie
Mae MB S. Capitalized terms used but not defined herein, shall have the same meanings ascribed
to them under the Agreement.
2. Seller was required, pursuant to Section 2.02 of the Agreement, to deliver to
Purchaser, the appropriate assignments to evidence the transfer to Purchaser of all of Seller's right,
title and interest in and to the Mortgages. To date, some of the assignments have not yet been
recorded of record, such that Seller remains mortgagee of record as to certain Mortgage Loans.
3. Seller was also required, pursuant to Section 7.01(f) of the Agreement, to deliver
such other documents, including but not limited to limited powers of attorney, as Purchaser or its
counsel deemed reasonably necessary to properly service the Mortgage Loans prior to Purchaser's
becoming mortgagee of record.
4. In connection with Purchaser's servicing of the Mortgages, Seller hereby constitutes
and appoints JPMorgan Chase Bank, NA its true and lawful attorney -in -fact, and in its name, place
and stead and for its use and benefit only for the limited purpose, to endorse Mortgage Payment
checks for the Mortgage Loans, execute mortgage satisfactions /deeds of reconveyances or similar
release instruments, partial releases, assignments, and any and all documentation required to
foreclose delinquent Mortgage Loans, assign Mortgage Loans, and properly service the Mortgage
Loans prior to Purchaser becoming mortgagee of record.
The undersigned gives JPMCB,NA, as attorney -in -fact, full power and authority to execute and/or
endorse the above described documentation 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.
This limited power of attorney has been executed this 19th day of May, 2008, and is effective as of
May 19, 2008. The same shall continue in full force and effect until revoked in writing by the
undersigned.
WITNESSES:
EXtttsiT F
LIMITED POWER OF ATTORNEY
First Horizon Home Loans,
a division of First Tenne see Bank National Association
By: �i%1L� �r:/�
Printed N. e: L Blueg ust
Printed itle: Vice President
ATTEST:
Printed Name: Brenda K. Reed By:
Printed Nam- osette K. Eline
Printed Title: Vice President
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STATE OF TEXAS
COUNTY OF DALLAS
On August 21, 2008, before me, a Notary Public, personally appeared Lynn Bluege -Rust and
Josette K. Eline, personally known to me (or proved to me on the basis of satisfactory evidence) to
be the Vice President and Vice President, respectively, of First Horizon Home Loans, a division of
First Tennessee Bank National Association and acknowledged to me that they executed this
instrument in their authorized capacities, upon behalf of such entity.
WITNESS my hand and official seal.
My Commission Expires:
CLAUDIA P THOMPSON
NOTARY PUBLIC
STATE OF TEXAS
My Comm. Exp. 07 -03.2012
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