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- RECORQING REQUESTED BY:
<br />100010480
<br />SPACE ABOVE THIS LINE FOR RECORDER'S USE
<br />LIMITED POWER OF ATTORNEY
<br />First Union National Bank, a national banking association organized and existing under the laws of the United States
<br />(the `Trustee ") hereby constitutes and appoints Option One Mortgage Corporation ( "Option One "), a California
<br />corporation, and in its name, aforesaid acknowledges in writing or by facsimile stamp all documents customarily and
<br />reasonably necessary and appropriate for the tasks described in items (1) through (4) below (Option One, when
<br />acting in such capacity, is referred to herein as the "Attorney-in-Fact"); provided however, that the documents
<br />described below may only be executed and delivered by such Attomey -In -Fact if such documents are required or
<br />permitted under the terms of the related servicing agreements and Trust Agreement and no power is granted
<br />hereunder to take any action that would be adverse to the interests of the Trustee or of Holders. This Power of
<br />Attorney is being issued in connection with Option One's responsibilities to service certain mortgage loans (the
<br />"Loans ") held by U.S. Bank Trust National Association in its capacity as Custodian for First Union National Bank,
<br />Trustee, under the trust agreement dated May 1, 2000 (the 'Trust Agreement") relating to Amortizing Residential
<br />Collateral Trust Mortgage Pass - Through Certificates Series 2000 -BC2. These loans are comprised of mortgages,
<br />deeds of trust, deeds to secure debt and other forms of security instruments (collectively the "Security Instruments ")
<br />and the certificates secured thereby.
<br />1. Demand, sue for, recover, collect and receive each and every sum of money, debt, account and interest
<br />(which now is, or hereafter shall become due and payable) belonging to or claimed by First Union National
<br />Bank under the Trust Agreement related to the Loans, and to use or take any lawful means for recovery of
<br />the foregoing by legal process or otherwise.
<br />2. Foreclose upon said Security Instruments related to the Loans for breach of condition thereof and to execute
<br />any documents necessary and directly incidental to the foreclosure, including, but not limited to, the
<br />foreclosure deed, affidavit of sale and notice of extension.
<br />3. Execute bonds, notes, mortgages, deeds of trust and other contracts, agreements and instruments
<br />regarding the borrowers and /or mortgage property related to the Loans, including but not limited to the
<br />execution of releases, satisfactions, assignments, and other instruments pertaining to Security Instruments,
<br />if any, conveying the mortgage property related to the Loans, in the interest of First Union National Bank.
<br />4. Endorse on behalf of the undersigned all checks, drafts and /or other negotiable instruments made payable
<br />to the undersigned received by the Attorney -in -Fact in connection with the Loans and the Trust Agreement.
<br />In consideration of the foregoing, by its use of this Limited Power of Attorney, Option One hereby agrees tc
<br />indemnify, defend and hold harmless the Trustee and its officers, directors, employees and agents for any losses,
<br />damages, costs and expenses (including reasonable attorney's fees and expenses) or injury to the Trustee for any
<br />errors, omissions and misuse (including, without limitation, use of this Limited Power of Attorney to take arty, action
<br />not permitted by the Trust Agreement) of this Limited Power of Attorney.
<br />Witnes my hand and seal this day of 20 First Union National Bank, as Trustee under
<br />the Trust Agreement (and not in its
<br />individual capacity)
<br />By: /W�C
<br />Witne Rebecca T. Firestine E V -
<br />PABLO D� LA CANAL - -
<br />o Trus�,oc'a VICE PRESIDENT
<br />W
<br />S
<br />TRUST OFFICER. -
<br />STATE OF NORTH CAROLINA
<br />COUNTY OF MECKLEP'RIIRG
<br />By:
<br />FOR CORPORATE ACKNOWLEDGMENT ROBERT ASHBAUGH
<br />VICE PRESIDENT
<br />On this j00' day of Ar,4 a 200 before me, t e undersigned, a Notary Public in and for said
<br />County and State, personally appeared WIJ9L & (Q °CAa
<br />, personally known to me (or proved to me on the basis of satisfactory evidence) to be the
<br />persons who executed the within instrument as I and
<br />1:",,A C)r� � C (title) respectively, of the corporation therein named, and acknowledged to me
<br />that such a corporation executed the within instrument pursuant to its bylaws or a resolution of the Board of Directors.
<br />Witness my hand of official seal
<br />i
<br />Signature
<br />My Commission expires: R = y,
<br />MECKLENBURG, NC t3�OTRYSE,L)
<br />My Commission Expires August 30, 2004 - -
<br />IV
<br />632
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