HomeMy WebLinkAbout875002 Chase Manhattan Mortgage Corp.
Chase Manhattan
10790 Rancho Bernardo Road
San Diego, CA 92127
Attn: Paid Accotm[ Dept. 410
Space Above This Line Reserved For 8ecorder's Use
TITLEiS)
LIMITED POWER OF ATTORNEY
LIMITED POWER {')Ii' ATTORNEY
KNOW THAT .ALL MEN BY THESE PRESENT. S, "' ,
Cttlbank, N.A., a. national
banldng association and having an office fi)r the conduct of'business in New York, New
York, solely in its capacity as trustee (in such capacity the "Trustee") trader various
Pooling and Servicing Agreements entered into from time to time between Chase
Manhattan Mortgage (k>~oration ("CMMC"), as Master ~' ',
Servmer, Chase Funding,
("CFI"), as Depositor, Advm~ta Mortgage Corp. USA, Inc., as Subse~icer, and the
Trustee (each'~ a "Pooling Agreement") pursuant to wbicli CH's Multi,-Class Mortgage
Pass~Through Certificates are issued and not in its individual coqmrate capacity~ hereby
constitntes and appoints CMMC pursuant to Section 8~02 (a) of the Pooling Agreement,
as its true mxd law:f~l attorney.-in~fact, in its name, place and stead re'ut for its use and
benefit, to execute and acknowledge in writing or in hcsimile stamp or otherwise alt
documents customarily and reasonalbly necessary and appropriate for the tasks described
in items (i) tl~ough (vii) below relating to certain mortgage loans (the "Loans") owned by
the undersigned, as Trustee, as serviced by CMMC. These Loans are comprised of
Motlgages, Deeds of Trust, Deeds to Secure Debt, Co-cps a~d other forms of Security
instruments (collectively tl~e '"Security Instruments") and the notes secured thereby (the
"Notes").
. . . Z1m-S~batttutmn of'l'~ust~e(s) m Deeds of Frust and/or Deeds to Secure
Debt iii the lial'BO Of the undersigned, as Trustee,
The Extension and/or Renewal of Finmlcing Statements in the name of the
tmdersigned~ as Et
tit. The Saas~factton, Assigmner~t and/or Release of Security instruments
and/or Financing Statements in the name of'the undersigned, as [ rusted,, or
the issuance of Deeds of Reconveyance upon payment in fi~ll and/or
discharge of the Notes secured thereby,
The Modification and/or Partial Release of'Sectlrity tnstruments~
v. The Assmnpti0n of' Security Instrumeats arid the Notes Seem'ed thereby,
vi. The right to collect, accelerate, initiate suit on and/or ~breclose all loans,
, alld,
' vii. The right to manage, sell, convey or transfer ihe real and/or personal
" property specific:ed in tho Secm'ity lnstrtm~ents
The undersigned gives to said al:lort'lcy,~ill,~ fact t'hll power and authority
exet:/lto stlch inslruments as if tim undersigned were pets )nall y present, t~ereby rati(ving
subsequent power' o:t' al~orney a subservicer (~a ~':Subscrvicm") to act ia its stead so lmq~
771
the Trustee is given prior notice of such appointment, Third parties without actual notice
may rely upon the power granted m ~aici attomey-.in-Ihct under this Limited P
owet 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 afl lristruiaieiat of Revocation has been recorded,
This power of'attorney has been executed and is effective this 18
Jane 2000 and the same and any subsequent tiinited power of attorney given to any
Subservicer shall continue in fitll force and effect until the occurrence of any of'the
followinge:,vents~ or until revoked in writing by the undersigned:
i, the supervision or temaination of CMMC as Master Se~icer with respect
to tim Loans serviced under all of the Pooling Agreements,
ii. the transfer of servicing kom CMMCq to another Master Servicer
with. respect to the Loans se~iced m~der all the Pooling Agreements,
~ iii, tl~ appointment of a receiver or conservator with respect to the business
of the attorneydn-hct or CMMC, or
iv. the filing of a vohmtary or involuntary petition of banknq~tCy by the
attomeyqnqhct, CMMC~ or any of their creditors.
Notwithstanding the fbregoing, the power and the autlmrity given to either said
attomeydnqhct, or any. Subservicer. under this Limited Power t~f' .Alkmmy~ ' ~ shall be
revoked with respect to a particular Pooling Agreement and the Lm ns subject thereto
ttpon the occttrrel~ce
i, the. $11apension or termination o f- CMMC' "as Master S~,~ vmt,~:' ~ ~ ' ' ~ ' under' such
Pooling Agreement; or
ii. thetransl'er' of servicing under such Pooling Agreement fi'mn CMMC to
another Master Servicen
Notlfing contained herein shall be deemed to amend or modif]Y the related Pooling
Agreements or the respective rigi~ts~ duties or ¢~bligaticns of' the Trustee or CMMC
theretmder, alld nothing herein shall constitute a waiver of any rights or remedies
thereunder, 1[ this limited power of attorney is revoked or temfinated For any reason
whatsoever,, a limited power o[ attorney given by the Master ~_S ca '';,'~cer to any Snbservicer
shall be deemed to be revoked or terminated at thc same
Ti'ds 1,imited Power ()IA tim'ney stqmrsedcs all plqor powers of attorney given by
the undersigned [o CMMC. for the Loans, and all such powers and the authority granted'
theretll'lder al'e tiereby revoked effective as ¢.q~t thc,~ date of recordii~il~ of tills Limited Power
o [ Atlomcy.
772
STATE OF NEW YORK )
) SS
COUNTY OF NEW YORK )
On this 5th day of June, before me, a Notary Public in and for said State,
personally appeared Susan LaRocca Debaun, known to me to be a Vice President
of Citibank, N.A., a national banking association that executed the within
instrument, and also known to me to be the person who executed said instrument
on behalf of such national banking association and acknowledged to me that such
national banking association executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
offical seal the day and year in this certificate first above written.
This Limited Power of Attorney supersedes all prior powers of attorney
given by the undersigned to CMMC 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.
Chase Manhattan Citibank, N.A.,
Mo~gage Corporation, as Trustee as aforesaid
As Master,,Servicer an~~/~~~. ~
Name: ~)~~~'/~o_~c ca Deb au n
Title: Assist, lnt Vice President .~l'ttl¢.. Vice President
%%o ..... i~ox~.~