HomeMy WebLinkAbout90448702017563
STATE OF OHIO
COUNTY OF CUYAHOGA
I,IMITED POWER OF A'ITORNEY RECEIVED
i_INCOLN COUNTY CLERK
90 h87
O ,NO¥10 AHIO:I8
JEANNE '"'" '-
,4 G N E R
!. Pursuant to that certain Servicing Rights F'urchasc Agreelnel]t dated as of Juue I. 1997
between OHIO SAVINGS BANK ("OSB") a li~derally charioted savings bank. widl offices at 1801 East
9'" Street. Suite 200, Cleveland, Ohio 44114, as Seller, and CHASE M'ANItATTAN MORTGAGE
CORPORATION ("CMMC"). a New Jersey coq)oration, with offi:es at 343 Thornall Street, Edisou,
New Jersey 08837. or CHASE MORTGAGE COMPANY ("CMC"), an Ohio corporation, with offices
at 3415 Vision Drive, Columbus, Ohio 43219, CCMMC" and "CMC" individually and collectively
tel%fred to as "CHASE") as Purchaser (the "^greement"), CItASE acquired from O'SB, on a monthly
basis, the servicing rights associated with certain Pools comprised of conventional mortgages which the
-Seller has originated or acquired and underwritten for sale to FNMA (the "Mortgages").
2. OSB was required, pursuant to the Agreement, to deliver to CHASE appropriate
Assignments of Mortgages to evidence the transfer to CHASE of all of the right title add interest of OSB
in and to the Mortgages. To date, Assignments of Mortgages have not yet been recorded of record with
regard to all Mortgages. such that OSB remains mortgagee of record on some of such Mortgages.
3. In connection with CHASE'S servicing of the Mortgage Loans. OSB hereby constitutes and
appoints any authorized CMMC officer its n'ue and lawful attorney-in-fact, and in its name, place and
stead and for its use and benefit, solely to execute mortgage satisfactions, deed reconvevances, or similar
lien release instruments, to the same extent that OSB could do itself, necessary to properly service the
Mortgages prior to CHASE'S becoming mortgagee of record and for which CHASE is not in possession
of an executed but unrecorded Assignment of Mortgage from OSB.
The undersigned gives any such authorized officer of CMMC, as aaorney-in-fact, full power and
authority to execute and/or endorse the above described documentation as if the undersigned were
personally present, hereby ratifying and confirming all that said attorney~in-fact shall lawfully do or cause
to be done by authority hereof. -
This Limited Power of Attorney has been executed this ~ day of ~ , ~ and die same
shall continue in full force and effect until revoked in. writing by the uno~iignedT/ '
WITNESSES:
OHIO SAVINGS BANK
(.~ignatttres cot. ttitttle o/t next page)
RECORD AND RETURN TO:
CHASE MANHA~AN MORTGAGE CORPORATION
RECONVEYANCE SERVICE
'~ PO BOX~4025_~ ,"'
MONROE L/ ,, ,;::J025
09044S?
STATE OF OHIO )
)
COUNTY OF CUYAHOGA )
SS.
The foregoing instmmen[ was acknowledged before me Il.tis da o
Re,orded In ¢uyahoga Coun~