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HomeMy WebLinkAbout9008159008t5 CLERK oo t,,' ,.~ ', 09':' 'r~OOK2 ....... O~P,~GE'.2i ' -'~ o (AREA ABOVE IS RESERVED FOR COUNTY - RECORDING INFORMATION) (Limited Power of Attorney) ( V¢ Y_) State County/t~ Grantor: Grantee: Document Dated: 04/16/2004 6000 Legacy Drive Piano. TX 75024 Countrywide Home Loans Servicing LP 176 Countrywide Way, MS: LAN-88 Lancaster, CA 93535-9944 Prepared By: Sara Gomez AFTER RECORDING, RETURN BY MAIL TO: CTC REAL ESTATE SERVICES 176 Countrywide Way, MS: LAN-88 Lancaster, CA 93535-9944 i:. ",. i:':: :: :i.;:i, When Recorded Mail To: COUNTRYWIDE HOME LOANS 1800 Tapo Canyon Simi Valley 93063 Attention: Document Procur~,menl ,-:-094 LIMITED POWER OF ATTORNEY In connection with that cedain Subservicing Agreement dated as of November 4, 2003 (the "Subservicin9 Agreement") between Countrywide Home Loans Servicing LP ("Countrywide"), as servicer and Beal Service Co,-poration, LPP Mortgage Ltd. and Beal Service Corporation each individually hereby constitutes and appoints Countrywide as its true and lawful attorney-in-fact, and in its name, place and s£ead and for its use and benefit, to execute and acknowledge all documents for the purpose of (i) procunng, preparing, completing and recording any mortgage, deed of trust or similar security instrument ("Mortgage") and any assignment of Mortgage or reconveyance or release ins[rument which is required (a) for the proper servicing of the related Modgage Loan or otherwise necessary to cure any defect in the chain of title, (b) to ensure that record title to the Modgage l_oan vests in the proper party, and (c) for any other transfer of record title which is required with respect to the Mortgage Loans or the underlying security interest related to each Mortgage Loan; (ii) ensuring that each promissory note related to eacl~ Mortgage Loan has been properly bndorsed to the proper person or entity; (iii) curing any defects associated with any other dccument or instrument with respect to a Mortgage Loan related to the servicing thereof pursuant to the Agreements; (iv) pursuing, prosecuting and defeBding foreclosures (or other comparable conversions to ownership), ejectments, evictions, bankruptcies, suits and other related matters with respect to "Mortgaged Properties" (as defined in the Subservicing Agreement), to the extent permitted in the Subservicing Agreement; (v) executing all deeds, tax declarations, certificate and any other documents or instruments necessary, appropriate or required to list, sell, transfer and assign Mortgage Properties acquired by Owner either by foreclosure or by deed in lieu of foreclosure, with any such deed to be without recourse; (vi) taking such further actions as are deemed necessary or required to service, administer and endorse the terms of the Modgage Loans in accordance with the Subservicing Agreement, including, without limitation, executing any subordination or partial release agreements; and (vii) endorsing checks, drafts and other evidences of payment made payable to the Owner, representing payments on accounts in the name of the Owner with all such amounts deposited in the Custodial Account or Escrow Account pursuant to the terms of the Subservicin9 Agreement. The undersigned gives to said attorney-in-fact full power and authority to execute such instruments and to do and perform all things requisite, necessary, and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully, to all intents and purposes, as the undersigned might or could do, as if the undersigned were personally present, hereby ratifying and confirming a'¢l that said attorney-in-fact shall lawfully do or cause to be done bytauthority hereof. This limited power of attorney has been executed and is effective as of this 16 h day of April 2004, and tae seine shall continue in full force and effect until revoked in writing by the undersigned. Third parties may rely uPon the powers granted under this Limited Power of Attorney upon the exercise of such power b'/said attorney-in-fact and/or its designees or substitutes, successors or assigns that all conditions precedent to such exercise of power have been satisfied. Fudhermore, any photocopy or other reproduction of this Limited Power of Attorney may be used, accepted and relied upon in lieu of the original hereof for the purpose of recording, filing or otherwise. Beal S~/~e ~rpor~ion Printed Name: Moll~ ,Curl ATTEST: ~'rintbd-Nan'Fe: Stepnen Costas Title: Vice President Title: General Counsel Beal Service Corporation LPP Mortgage Ltd. By: Properly Accep:ance Corp. General Padne~ Printed Name: MolF/Curl ATTEST By: ~ Print r:¢~[~ ~' .e~S e~hen Costas Title: General Counsel Beal Service Corporation Title: Vice President STATE OF TEXAS ) COUNTY OF COLLIN ) SS On this 16m day of Apri in the year 2004 before me, Kimberlii Jones, a Notary Public of said state, duly commissioned and sworn, personally appeared Molly Curl and Stephen Costas, I~nown to me (or proved to me on the basis of satisfactory evidence) to be the persons who executed the within instrument on behalf of Beal Service Corporation and LPP Mortgage Ltd. through its General Partner, Property Acceptance Corp. IN WiTNESS.WHEREOF, I have hereunto set my hand and affirmed my official seal the day and year in this certificate first above written. Nolary PUblic , Stale of fexas Comm. Expires 4-16-2005 SJCD014001B.doc Notary Public