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<br /> When Recorded Return 70: �
<br /> Bowest Corporation
<br /> Attn: loan Processing Dept.
<br /> P. 0. Box 85101
<br /> � San 09ego� CA 92138
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<br /> pace ove s Line for Recor er s se On y
<br /> LIMITED POWER OF ATTORNEY
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<br /> � MICHAEL H. SOROKA, as Receiver, appointed pursuant to court order 9ssued by the
<br /> � U.S. District Court, Eastern Qistrict of New York, of The New York Guardian
<br /> � Mor•tgagee Cor=poration, a corpora�ion vrganized and existing under the laws of the
<br /> , State of NeN Yo�k ("Guardian"), hereby constitutes and appo�nts 6owest Corporatlon,
<br /> � a corporation organized and existing under the laws of the State of Delaware .
<br /> � ("Bowest"), its true and lawful attorney-in-fact, in its name, place and stead, .
<br /> � solely for purposes of: � . �
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<br /> . {a) endorsing Promissory Notes from Guardian to Government National Mortgage : '
<br /> � . Associ ation ����1�,���) or to Bowest, and ; ���
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<br /> � i (b) executing Assignments from Guardian to GNMA or to Bowest, of Mortgages, Deeds ? �
<br /> � of Trust, Deeds to Secure Debt and other security instruments securing "
<br /> ' Promissory Notes and causing said Ass�gnments to be recorded in county land - _
<br /> : records offices, and . � -`
<br /> ; (c) executi�g and delivering Deeds to real property which transfQr title from --
<br /> Guardian to GNMA or to Bowest and causing the same to be recorded in county
<br /> . land records offices, and
<br /> ' (d) executing and delivering Deeds to real property which transfer title from
<br /> ; Guardian to the Secretary of Housing and Urban Development, or to the ; t
<br /> Administrator of Veterans Affairs, and causing same to be recorded in county
<br /> a land records offices, and
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<br /> , (e) selling, transferring or disposing of real property acquired through � ���
<br /> ; foreclosure or otherwise and executing all contraCts, agreements, deeds, • .
<br /> � assignments and other i�struments necessary to effect any such sale, transfer .
<br /> � or disposition and to receive proceeds checks made payable to the order of �
<br /> ; Bowest, GNMA or Guardian; assigning the right to any deficiency judgment and/
<br /> or any deficiency claim incident to a foreclosure or defaulted loan, and
<br /> �f) preparing, executing and deliveriny satisfactions, cancellations, discharges,
<br /> full or partial reconveyances, or full or partial releases of lien; appointing
<br /> substitute trustee(s); and entering into assumption agreements
<br /> only in connection with those residential re�al estate loans and the property
<br /> derived therefrom, �hich loans are described in the 19�9 Sub-S�rvi�ing Agreement
<br /> entered into by and between GNMA and Bowest, and which loans constituted the GNMA
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<br /> portfolio previously serviced by Guardian� ; - -T-
<br /> The undersigned gives to said attarney-in-fact full power and authority to execute �
<br /> all instruments for a�d on behalf of Guardian and to perform all acts necessary and ,
<br /> � � proper ta carry into effect the powers granted in subparagraphs (a)-(f) above as ��
<br /> —� f��'.y a� r+�?r�+f_.^. ^►;;�t �r coul�± do w;*_�: the same va�idit, ?� �f al� an� ever; ��ec4�
<br /> L act had been herein particularly stated, expressed, and especially provided for,
<br /> and hereby ratifies and confirms all that Bo�vest shall lawfully do or cause to be
<br /> done by virtue of the authority and powers set forth in subparagraphs (a)-(f) ^
<br /> above. This Limited Power of Attorney does not designate, make, constitute or �
<br /> appoint Bowest as corporate s�iccessar in interest to Guardi�n. , �
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