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BOOK PAGE
<br />RES0j,U-_ Cj Or' FEDEPL-I NATIONAL RM_ A-CL .. j_ S. SO- t'.l
<br />tMON
<br />*I:hEREAS, in ord,_r to facilit-.te the transaction of business of the Asso-
<br />it Is des? ruble to authorize certain offic--,r-- of the Association on
<br />its behalf and in its n,.uie to Per:orn curtain actions and to ex,:xute e:rtain
<br />L, 71:
<br />ILES01-11117D I Tl-.,.,t the Ch.ir n of the Borrd of Directors, the President,
<br />cny Vice Priisicien,,, the Treasurer, the Secretary and !ssistEnt Socretary of
<br />the `1--Inciation, and each of tai -em, be and her-by sevur--.Ily -re autllorized for
<br />--'in the n= -.n.-I. of the _.',ss(,ciati0n:
<br />1. To purc!;!7.s i or contract to purchase notes, borids or other
<br />evia`unces of -nd any accorpany4jL
<br />real est(ute mort-
<br />dc,c: as of trust, security �_Ieorlb, ch--,,t,t,,-1 .iortga-,,es, or
<br />L)
<br />kind or no.tv-u(:; .and to i-.-iodify or consent
<br />to thc. of :,ny such contract;
<br />2. 10c) endorse :J_,Lhoat -_.:couse, or 'ssign vvithout repre-
<br />stz,ntution, r•v 1,!-zrQnty, Jr to modify, c-.xtenci or
<br />r,,:nea _ ,..ny note, Ixnai, ch(..c;I-. or ot'ZJ._,r e,.7idc= of indebte,�ne�;s
<br />no-, or by the
<br />- N -I :^ nc, to r. clear from
<br />ii�4blili+y ?ny rc-.,Izer, _`,)liFor %ril/o-r �,u%rintor on !,ny such note,
<br />b.-,n,,,." c:. c', or avid, --ricc,; of indebtedness;
<br />To s-tisfy, disch-
<br />imend, mo.�'ify, extend,
<br />su�or:]-in.--te andbr forecicsr,, in any ley!-.l mann,r, in
<br />whole or in any chattel r,iiort,-,!-.gre, re,.-il estate mortgage,
<br />de%d ,I ' trust, s6curi.7, c I
<br />ced or col!- (:.ral of ,.ihatsorllver kind
<br />or na-ture, securing any ricte, bond or evi,-Ience of indebt-
<br />dna-ss nog:; or hcr�;after hul,_ by the Association, and to exerciso
<br />any ri:--ht or authority ch the Associ!�ticjn ha,,, or may havo
<br />purju.•..nt `Vc, the ti ;rms of ;ny such !3_curity instrument or evidence
<br />of
<br />4. To CssiLn withou'u rc.prv:,,_;ntation, recourse or
<br />-,ttc I -a-e, roal ustate deed of trust, security
<br />_ny ch, -.1 i,.,ort;..,,
<br />or col-1,t,.xaI of ',-i:latsoevur kind or nature, securing any note,
<br />bonu: or ,)Lhtx uvil--lunca of in-ebtudness nov%, or Ier_after held by
<br />th,. an'-_ to assi,..n, convey, sell, lease or sublease
<br />rn.1 enter into contracts for the conveyance, sale,
<br />le,�se or sublcac<e ,-)f' any run.l ast�.tc, ch.-ttels, securities or
<br />property of ::.ny sort or n•ture,, or interests, therein, now hold
<br />or herjaf-",er by the: iSSOC4-n-tion;
<br />5. To -Iisch.arla, -m-Usify, vvriivf.,, 3uborOinite anal /or
<br />in viho",:; rr
<br />or in riny jud- ion t now or her,.,,�,f tcr entc I. I
<br />., j ur,
<br />in f,,.vc)i, of As soci:itlon or held by it as .issir rnu-e;
<br />-1
<br />6. To surrcinaer, ral,' ^ise, modify 'and /or consent to
<br />the surrond�r, releas:L, ?.ncVor modification of any
<br />policy o-f insurance _uid/oi any rights arising- out of any policy
<br />of insurance of 1,vhich ti-ie 1ssoci;.,.tion now is or h,3reaft9r shall
<br />become the a9si,,neu, henGfici , ry or the- insured, or in which the
<br />w h�,t� of lic'r(l
<br />;,ssoci j_ticn no ;. _Uflt,�r shill iirw� my intorost of tLny
<br />kind or nature, and to Dxecuta proof of loss, proof' of 2e�,,th,
<br />statenent- of cl,.,ii.Y.-nt anVor any other jnstrum,;nt in connect-ion
<br />with any such policy of insur• ^nce ancVor any ri,..-,,htg : irisinf;
<br />the ;ref rom;
<br />7. To execute, acla-iowledee, doliver, file, for recorld -..n(f,,1011
<br />ri=;cor,7 such instniments -tna' to perform such ot-hur ,---.cts as r,ay be
<br />nec._-.,q,.ary and proper to effectuate the foregoing.
<br />FURThER RESOLVED, That the Chairr.,,?.n of thu Board of Directors, the
<br />President, any Vice Presiudent, the Treasurer, the Secrotary and Assistant
<br />cocrotary of the j,osociation, .n: each of Itha,,-.51 be and hereby savurally are
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