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201607592
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Last modified
7/3/2017 5:40:53 PM
Creation date
11/14/2016 11:58:35 AM
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DEEDS
Inst Number
201607592
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bankruptcy declarations for the purpose of filing motions to lift stays and other documents or notice filings on <br />behalf of the Trustee in connection with foreclosure, bankruptcy and eviction actions; and (z) endorse and/or <br />assign any borrower or Mortgagor's check or negotiable instrument received by Shellpoint as a payment <br />under a Mortgage Loan. <br />Nothing in this Limited Power of Attorney shall be deemed to amend or modify the Pooling and <br />Servicing Agreements, the Settlement Agreement, the applicable Subservicing Agreement or the respective <br />rights, duties or obligations of Shellpoint thereunder, and nothing herein shall constitute a waiver of any rights <br />or remedies thereunder. Without limiting the generality of the foregoing, this Limited Power of Attorney <br />does not provide, and shall not be read so as to provide, Shellpoint with the power to perform or undertake <br />actions which Shellpoint is not authorized to take pursuant to the applicable Subservicing Agreement or that <br />the Master Servicer is not authorized to take pursuant to the applicable Pooling and Servicing Agreement. In <br />addition, each attorney -in -fact and agent is only authorized to act pursuant to this Limited Power of Attorney <br />in a manner which complies with all applicable laws, rules and regulations. <br />Shellpoint shall indemnify, defend and hold BNY Mellon and its successors and assigns harmless, <br />from and against any and all losses, costs, expenses (including, without limitation, actual attorneys' fees), <br />damages, liabilities, demands or claims of any kind whatsoever, arising out of, related to or in connection <br />with any misuse of this Limited Power of Attorney in any manner or by any person not expressly authorized <br />hereby. Acceptance of this Limited Power of Attorney by Shellpoint, or the taking by Shellpoint of any <br />action pursuant to this Limited Power of Attorney, shall be deemed an agreement and acceptance by <br />Shellpoint of this indemnity obligation. <br />The rights, power, and authority of said attorneys -in -fact and agents granted in this Limited Power of <br />Attorney will commence and be in full force and effect on the date of execution and such rights, powers, and <br />authority will remain in full force and effect until the earlier of (x) 11:59 p.m., New York City time, on the <br />date that is 2 year[s] from such date and (y) the date, if any, on which Shellpoint is no longer an "Approved <br />Subservicer" under the Settlement Agreement; provided, however, that BNY Mellon may terminate this <br />Limited Power of Attorney prior to such date by delivering a written notice of revocation to Shellpoint, with a <br />copy to the Master Servicer. <br />THE BANK OF NEW YORK MELLON F/K/A <br />THE BANK OF NEW YORK, as Trustee <br />By: <br />Gerard F. Facendola <br />Managing Director <br />By: <br />Gavin Tsari <br />Vice President <br />2 <br />2016002379 DE BK 2480 PG 2470 <br />
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