HomeMy WebLinkAbout887835LIMITED POWER OF ATTORNEY
BOOK ~I~PRPAOE ? !315
Citifinancial Mortgage Company, Inc., organized and existing under the laws of the State of Texas, ("Owner")
hereby constitutes and appoints GMAC Mortgage Corporation, a Corporation organized and existing under the laws of
the State of Pennsylvania ("Servicer"), as its true and lawful attorney-in-fact, in its name, place and stead, and for its
benefit, in connection with certain real estate owned by Owner necessary and incidental to managing and disposing of
real properties and performing the obligations of Servicer thereunder, including but not limited to:
1. Endorsing to the order of Servicer any Checks received in connection with the aforementioned REO
property that are made payable to the order of Owner;
2. Selling, transferring, or disposing of, or leasing, real property or personal property constituting Designated
Assets as such terms is defined under that certain Asset Management and Disposition Agreement dated
August 3, 2000 and executing all contracts, agreements, deeds, assignments and other instruments
necessary to effect any such sale, transfer or disposition or any lease and to receive proceeds checks
payable to the order of Servicer all in a manner consistent with such Asset Management and Disposition
Agreement.
3. Preparing, executing and delivering deeds, certificates of title or other title documents to vest title to real or
personal property in the purchase of any Designated Assets.
Owner further grants to Servicer full power and authority to do and perform all acts necessary in the sole
discretion of service to carry into effect the powers granted by or under this Limited Power of Attorney as fully an
Owner rmght or could do with the same validity as if all and every such act had been herein particularly stated,
expressed, and especially provided for, and hereby ratifies and confirms all the Servicer shall lawfully do or cause to be
done by virtue of the powers and authority granted and contemplated hereby. Signatures located on last page.
IN WITNESS WHEREOF, this power of attorney is duly executed the day and year first above written.
IN PRESENCE OF:
NO'/o ~ e
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State of Texas 7: ;~> -,-~ o
County of Dallas
On the ay 2, before me personally came
- ma~n a~ns office: ~[}i 11 t,.~o~,
~o~, who being by me duly sworn, did dispose and say that he/she an
Suite 100, Coppell, Texas 75019, that he/she is Vice President of Citifinancial Mongage;~O$~p~Ok, Inq~who is
the person who executed the foregoing ins~ments and that he/she ~ows the seal of said ~o~tion, ~t the
s~affixed to said ins~ment is such co~oration seal, that is was so affixed by order of the board of ~ctors
~f sa~ ~orati~hat h~sM signed his/her name thereto by like order.
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