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200106500 Record and Return to: Paid Accounts Dept. #410 Chase Manhattan Mortgage Corporation PO Box 509011 San Diego, CA 92150 -9944 LIMITED POWER OF ATTORNEY This Limited Power of Attorney is made as of March 30, 2001 by Preferred Credit Corporation, Preferred Mortgage Corporation, T.A.R. Preferred Mortgage Corporation and Preferred Mortgage SPC Funding Corp., having an office at 7803 Glenroy Road, Suite 300, Bloomington, MN 55439 ( "Owner "), in favor of Chase Manhattan Mortgage Corporation, a New Jersey corporation, having an office at 10790 Rancho Bernardo Road, San Diego, CA 92127 ( "Servicer "). WHEREAS, Owner and Advanta Mortgage Corp, USA have executed and delivered a certain Loan Servicing Agreement dated as of June 1, 1996 (the "Servicing Agreement "), pursuant to which Owner and Servicer agreed to certain terms governing the servicing of single family mortgage loans ( "Mortgage Loans ") by Servicer on behalf of Owner; and WHEREAS, Chase Manhattan Mortgage Corporation has by written assignment assumed the rights and obligations of Advanta Mortgage Corp, USA under the Servicing Agreement; and WHEREAS, Owner and Servicer desire that Owner execute and deliver this Limited Power of Attorney in order to facilitate the servicing of the Mortgage Loans by Servicer. NOW THEREFORE, Owner does hereby appoint, subject to and in accordance with the Servicing Agreement, Servicer, as its attorney -in -fact, in its name, place and stead: 1) To execute all documents necessary to satisfy or discharge "Security Instruments" and "Notes" (as defined in the Servicing Agreement) upon receipt of all principal, interest and other payments called for in the related lien documents; 2) To take such actions as are necessary and appropriate to pursue, prosecute and defend foreclosures (or other comparable conversions to ownership), ejectinents, evictions, bankruptcies, suits and other related matters with respect to "Mortgaged Properties" (as defined in the Servicing Agreement), in accordance with Servicing Agreement; 3) To execute all deeds, deeds to secure debt, assignments, transfers, tax declarations, certificates, pledges and any other documents or instruments whatsoever which are necessary, appropriate, or required in order to transfer and assign Mortgaged Properties acquired by Owner either by foreclosure or by deed in lieu of foreclosufe and any such deed to be without recourse; 4) To endorse checks, notes, drafts and other evidences of payment made payable to the Owner, representing payments on accounts in the name of the Owner. 5) To execute subordination agreements affecting the lien priority of the Security Instruments. 6) To take such further actions as are deemed necessary or desirable to service, administer, and enforce the terms of said Mortgage Loans in accordance with the Servicing Agreement; and