HomeMy WebLinkAbout894952RECORDING REQUESTED BY:
AND WHEN RECORDED RETURN TO:
Long Beach Modgage Company
19850 Plummer St, Mailstop N070205
Chatsworth CA 91311
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8'9i,,952
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SPACE ABOVE TillS LINE FOR RECORDER'S USE
LIIIlITED PO I'VER OF A TTORNE Y
~'~ECEIVED
LINCOLN COUNT,Y CLERK
U.S. Bank National Association ("U.S. Bank"), a national banking association organized and existing under tile laws of the
United States oi' Americal 180 East Fifth Street, Corporate Trust, 2nd Floor, St. Paul, MN 55101 hereby constitutes and
appoints Long Beach Mortgage Company, and in its name, aforesaid Attorney-In-Fact, by and through any officers
appointed by the Board of Directors of Long Beach Mortgage ~ Company, to execute and acknowledge in writing or by
facsimile stamp all documents customarily and reasonably necessary and appropriate for the tasks described in items (1)
through (4) below; provided however, that the documents described below may only be executed and delivered by such
Attorneys-ln-Fact if such documents are required or permitted under the terms of the Pooling and Servicing Agree~nent dated
as of January 1, 2002, among Asset Backed Securities Corporation, as Depositor, Long Beach Mortgage Company, as
Servicer, and U.S. Bank National Association, as Trustee relating to Asset Backed Securities Corporation Home Equity Loan
Trust 2002-HEI Asset Backed Pass-Through Certificates, Series 2002-HEI and no power is granted hereunder to take any
action that would be adverse to the interests of the Trustee or the Holders. This Power of Attorney is being issued in
connection with Long Beach Mortgage Companies responsibilities to service certain mortgage loans (the "Loans") held by
U.S. Bank in its capacity as Trustee. These Loans are co~nprised of Mortgages, Deeds of Trust, Deeds to Secure Debt and
other forms of Security Ii~struments (collectively the "Security Instruments") and the Notes secured thereby.
1. Demand, she for, recover, collect and receive each and every sum of money, debt, account and interest (which now
is, or hereafter shall become due and payable) belonging to or claimed by U.S. Batik National Association, and to use or take
any lawful means for recovery by legal process or otherwise.
2. Transact business of any kind regarding the Loans, and obtain an interest therein and/or buildings thereon, as U.S.
Bank National Association's act and deed, to contract for, purchase, receive and take possession and evidence of title in and
to the property and/or to secure payment of a promissory note or perfommnce of any obligation or agreement.
3. Execute bonds, notes, mortgages, deeds of trust and other contracts, agreements (including subordination
agreements) and instruments regarding the Borrowers and/or the Property, including but not limited to the execution of
releases, satisfactions, assignments, and other instruments pertainiug to mortgages or deeds of trust, and execution of deeds
and associated instruments, if any, conveying the Property, in the interest of U.S. Bank National Association.
4. Endorse on behalf of the undersigned all checks, drafts and/or other negotiable instruments made payable to the
undersigned.
Witness my hand and seal this 5* day of February 2002.
(SEAL) NO CORPORATE SEAL
Witness ' '%1'1~. Spelt~ '
¢/kri~'e~ Eri~
.~tt~eborah J. F~anco, Assistant Vice President~
u.s. Ba. Natio ,:i/ ste,
By: je~c~~m~
Melissa Mille~istant Vice President
FOR CORPORATE ACKNOWLEDGMENT
STATE OF MINNESOTA)ss
COUNTY OF RAMSEY )
On this 5th day of February, 2002, before me, the undersigned, a Notary Public in and for said County and State, personally
appeared Jeffrey P. Tupper, Melissa Miller, and Deborah J. Franco personally known to me (or proved to me on the basis of
satisfactory evidence) to be the persons who executed the within instrument as Vice President and Asst Vice Presidents
respectively, of the corporation that executed the within instrument, and known to me to be the persons who executed the
within instrument on behalf of the corporation therein named, and acknowledged to me that such corporation executed the
within instrument pursuant to its by-laws or a resolution of its Board of Directors. ~
WITNESS my h~nd and official seal.
Signature ~~~
S tuna Bloom
Notary Public
Minnesota
My commission expires: January 31, 2005
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(NOTARY SEAL):