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201200782
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Last modified
2/1/2012 8:32:13 AM
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2/1/2012 8:32:13 AM
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DEEDS
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201200782
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� , <br />« , <br />� <br />20120078' <br />may be necessary or appropriate to evidence the sale and transfer of any asset of Mid City Bank, <br />Iac., including a11 loans formerly held by Mid City Bank, Inc. to Premier Bank formerly <br />known as Pnrdum State Bank, pursuant to that certain Purchase and Assumption Agreement, <br />daxed as of November 4, 2011 between Receiver, the FDIC, acting in its corporate capacity, and <br />Premier Bank formerly known as Purdum State Bank. <br />2. Regarding any indebtedness previously owned by Mid City Bank, Inc. that had <br />been paid off or otherwise satisfied prior to bank failure, authority is granted to the Attomey(s)- <br />in-Fact to execute, acknowledge, seal and deliver on behalf of the Receiver any and a11 lien <br />releases that may be necessary for the completion of the documenta.tion obligations of Mid City <br />Bank, Inc., in connection with such paid-off loa.ns or other debt obligations. A11 lien releases <br />and related documents prepared in connection with this Limited Power of Attorney shall be <br />appropriately completed with all ordinary or necessary endorsements, acknowledgments, <br />�davits and supporting documents as may be necessary or appropriate to evidence the release <br />of the collateral and satisfaction of the debt. Attorneys-in-Fact shall undertake to complete all <br />appropriate due diligence necessary to verify the full and fmal payment and satisfaction of a11 <br />indebtedness secured by the collateral being released. <br />3. The form which the Attorney(s)-in-Fact sha11 use for endorsing proxnissory notes <br />or preparing allonges to promissory notes is as follows: <br />Pay to the order of <br />Without Recourse <br />FEDERAL DEPOSIT INSURANCE CORPORATION <br />as Receiver of Mid City Bank, Inc. <br />: <br />Name: <br />Title: Attorney-in-Fact <br />All other documents of assignment, conveyance, or transfer shall contain this sentence: "This <br />assignment is made without recourse, representation or warranty, express or implied, by the <br />FDIC in its corporate capacity or as Receiver." <br />4. FDIC further grants to each Attorney-in-Fact full power and authority to <br />do and perform all acts necessary to carry into effect the powers granted by this Limited Power <br />of Attorney as fully as FDIC might or could do with the same validity if all and every such act <br />had been herein particularly stated, expressed, and especially provided for. <br />Limited Power of Attomey Page 2 of 4 <br />Premier Bank formerly known as Purdum State Bank November 8, 2011 <br />Prepared by Stephanie M. Ewell, Federal Deposit Insurance Corporaxion, Midwest Temporary Satellite Office, <br />Lega1 Division <br />
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