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Home My WebLink About893096893096 ~ooK ~;33pR P^sE 465 R£OEIVED LINO, OLN OOUNTy OLERK 03 g~p _ 3 P~I 2:02 Document Title: Limited Power of Attorney WHEN RECORDED RETURN TO: Financial Dimensions, Inc. 41 Terence Drive Pittsburgh, PA 15236 Grantor: Grantee: OCWEN FEDERAL BANK FSB ./t11111 Iiiii IIIIII IIIII mi Jill IIIIIII ill Ii111 IIII IIII I ii I Ii ~'l ~#l'l~i-il~ il I Il ! ~l_~ Ill 504009 09/05/2001 12:50P LTDPOR J&nlce Cobb 2 'of' 4 R 20,00 D 0.00 Yum& County,CO :VOL. 84.( P GE 60Po BRf~~ K~OW-ALL MEN BY THESEP1ZESENTS: WHEREAS, the-Second Amended .and Restated Asset Purchase Agreement (the "Purchase Agreement") between Empire Funding Corp., Debtor in Possession pursuant to that certain case uumber '00-11478-FM, Unked. Sm~Bankmptcy Coumfor the Western District of Texas, as seller (the ~Seller~).. ancl Ocwen Fe. derM-lqaTdc-FS-BFas~er-~th~-Bu_yer'), provides for the sale and transfer -b~ the-SeIIer-to~e~Btryer ~c. ermin- ._ar~"'e~- NOW, THEREFORE, Empire Funding Corp, as Seller (hereinafter referred to as "Principal"), acting through ks duly authorized officer Richard N. Steed, as the President of the Principal, DOES HEREBY: Constitute and appoint each Officer as designated: ':, : . :. . ~: · ... ,~: :.-, · Ronald Faris : .-.:.-. ::- , Executive-..Vice President · _Scoa Conradson · ..- SrlVice President · Arthur Castner Vice President ~=· -Scott AndersOn Vice President · --Ma~gie-Rotundo Director · Brian Vanscoy Sr. Manager · Teresa Bratcher Manager · Stephanie Stoloff Manager · -Karen Kettle Sr. Supervisor · Vicki Pruia Supervisor When Recorded Mail To: Financial Dimensions, Inc. · 41 Terence Drive Pittsburgh, PA 15236 7.~..~ ~ .asea_true and lawfuLarrorney for Principal (but onlY for the purposes set forth ·herein); 2. Authorize and empower Attorney, for and in the name and stead of Principal, as the Seller, to perform the following: -(a) endorse, negotiate, deliver_and deposit any check, draft, money order, or :other form of payment instrument ·payable to Principal and tendered-as ..paymem on_any -Mo~rrg~ge Ix)an or any Loan derived from-a-M~oagecLoaa; i~(b) ~-t~rse; execul, e;-seal:;.a .cl~owle~; dev~er-anfl file ,Clndzfi/Iizzg, -.public 6ffichls_or appropriate panSes), the following-:. sPEcIAL AND LIMITED POWER OF ATTORN'EY - Page I of 3 ~: VOL, 8 4 6 6 0 ? (1) Any and all documents Or instruments (~ to assign any Mortgage or _endorse any promiss, ory note. for the Mo~gage Loan_to the Buyer, (ii) to rnaintain and protect the-validly, priority and Value of the lien and secuJ-ity interest created by any Mortgage- on-.~ Mo~~ope~...-foz. thc MortEage Ln3n or ~ _po~on :fl~:~E,~J~d lng :_without~Frmitafioxx--the ~ifi~ or. any prope~_tax_ a,,tho~es-:and -~lV[oz4~ ~Loan,.~:mzrel~esem the ~'ems~- -Mortgage-Loan 4wctm~dtm'~ith~~lt,-:c~ecfion, znyzstmlr;Mortgage :Loan~and~the-:rela~-mo~gaged._pmperty,~the :banl~ptc~v of .the -r¢lated--horzow~r:~y--lawsuit or-legal-proceeding invo[vi~_g- the relatcd~-mo~gaged property, and (iv). to appoint an~ successor or substitute_trustee:under_a~iortgage that consists of a deed of trust; OR-BK -31078 PG 1286 (2) any and all .modifications, waivers, assumPtions or amendments to any Mortgage, promissory note or-any other documents related:to the Mortgage~oan; (3) _any and alLdoturmen~ instruments or ae~ccmc.t~ fursu~nation or 'forbeara nee or. the:Mortgage Loan ~the-~rtgageTan~ (4) Any and all instruments of satisfaction, 'release of lien or cancellation, or of partial or full release or discharge, and all other comparable instruments with respect to any .Mortgage or the related mortgaged property for the Mortgage-Loan; provide& however, that each of the foregoing are necessary or appropriate pursuant to the ordinary course of loan servicing, including-the transfer of the Seller's ownership interest in the Purchased Assets; and 3. Further authorize and empower each such Attorney, for and in the name and stead of Principal, to (a) file and_ record, if necessary, this Limited Power of Attorney with the appropriate public officials to effect the transfer; and (b) appoint and name such substitute attorneys with all authority..and powers hereunder, ..pro_v_ided_that_such substitute attorneys are duly elected and qualified officers of Buyer, and sucI~appointment-is made by written instrument. Principal covenants and grants to the Attorneys full authority and power to execute any documents and instruments and to do and perform any act that is necessary or appropriate to effect the intent and purposes of_the foregoing authority and powers as set forth in the preceding paragraph. Principal further ratifies and confirms each act that the Attorneys shall lawfully do or cause to be done in accordance with the authority and powers granted hereunder. The foregoing authority and powers shall not be deemed breachedby reason of any action or omission of any Attorneys. Without actual written notice to the_contrary, any person may rely on authorities and powers granted hereunder and any actions of theAttomeys taken pursuant to such authorities and powers as-the valid, binding and enforceable actions of Principal, and that all conditions hereunder to the exercise of such actions by the Attorneys have been completed and are satisfied. ~pOwer~.O~Att Or n ey~isAr r ev~able' bfPi:iadpal. I IIIIII IIIII IIIlll Illll IIII IIIII IIIIIII III IIIII IIII IIII 504009 09/05/2001 12:50P LTDPOfl Janlce Cobb 3 0¢ 4 R 20,00 D 0.00 Yuma Coun[y,CO SPECIAL AND LIMITED POYVL'R OF ATTORa'qEY - Page 2 of 3 ". ~ IN WITNESS WHEREOF,-Pri.ncipal has caused this instrument to be signed by its duly authorized officer as of- ,,~,~ Ce..,.~ 'b .,~,,~ ':/d,2 , -2000. ~ 6 8 STA~T'E OF ~;r~j¢-.. ~¢ S § :O~'--rz-O ~ay of ./~;~2OO0,-before me per-serially appeared: _-the ~]:zove:rrameff Richard N:.:Steed, on behalf of Empire Funding_ Corp., Debtor in Possession, as Seller, to me known and known by me to be the President of said corporation, and acknowledged said instrument so executed to be his free act and deed in said capacity and the free act and deed of said corporation: My commission expires: [ IIII1[ Ell IIIIII IIIII IIII IIIII IIIIIII III Ell IIII 504009 09/05/200! 1,2:50P LTDPOA Jantce C=bb 4 of' 4 R 20.00 D 0.00 Yuma CounLy~CO EMP IRE:~FU NDIN~tP~-;, :_Deb~r-;irf:-Po.~. -_.essio nC .-~-_~-S:el!er-_and;E[i~l:- Title: President Notary Public · ' ',~.pared & Requested by Daniel Degolyer of Ocwen Federal Bank at 1665 Palm' Beach Lakes, W. Palm Beach, FL 33401 ~ ~' ....... ~'~_x-- /hereby certify t~ dOC~eat ~o'be a ~ I oc~ ~.-¢, ~ correct and co~lo~e co~y of ~e r ~ Deputy Cler~ JUL 1 SPEC~ ~D ~[ITED PO%~R OF A~ORNEY - Page 3 of 3 ___ /t_ / . , 2002