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<br /> . �a�z� �o�e os �►�ro�r
<br /> �'.-- — � �fiVBRt�I+�Ni' Y�ATYOPIAY, MQ�TaA�� A880CIATIO�t, a co�pnr�a�lon
<br /> orgaaized e►nd exieting uri.9er cha lawa of th� �PAited 9taLae d�
<br /> � -- – 1�aazica, haviag its priacipai piace ot bu�inese ia Waehiagton,
<br /> ��=� D.C. ("4I�MA") , hereby conetitutes and appointe kiidFiret ea.�ilc,
<br /> State 9avimge Bank, Aa Oklahoma State Chartered Having aad Loaa
<br /> :Wx.,: A�soaiation, ("the Master SubeezvicerM), ae ite true aad lawfu�.
<br /> _;�.�.� attorney-in-fact, in ita name, place arid etea8, aad far ite --
<br />--'`�� benefit, ia coaaection with aNMA-owned martgage pooled loana
<br />-� �� deacribed in that certain Master Subaervicing Agreement entered
<br /> ;;'; iato by and between aNMA and t�laeter Subesrvicerr, dated 8ep�ember
<br />_� '�,�'�A ' 22, 1993, for the purpoae of perEormiag all ac+�s aad executing
<br /> all documeate in the name of aNMA neceesasy and iacideatal to
<br /> servicir�g o� eaid loana, including, but aot limited to: —
<br /> ��•�*A��P� ��' 1. Acceptance of money due or to become due from borrowers
<br /> °i"����'`' ��`� ' � • and aollection of past due amounta j �
<br /> �Y�h..:•;��rt;"�:�`.,
<br /> _. ..,�.�'.�:�:b;.fr:tH_y'�.� �„
<br /> .. 2. Thoee acts neceasary ta comply with regulatioae and _-_
<br /> "�. �� `' .�����;�� requiremente o� the United States Departmeat of Veterane• "-=
<br /> ° � .• U'�.. � Affairs, the United 3tates Departmeat of Houaing and Urbaa ��_
<br /> � � " �` Deve].opment, aad any other governmeatal entity or state or '""'�'�'''-
<br /> ' � �federal lawf �„':_
<br /> .. , j7�:'
<br /> " �� _„ �' � 3. Foreclosing delinquent loans, acceptiag deeda in lieu ��'��s_-�
<br /> :- , - ,: ,
<br /> of foreclosure or otherwise acquiring title to mortgaged -„
<br /> ��
<br /> � �� properties; °„;°
<br /> - • 'Ia�•�5�=
<br /> - ." , 4. Filing and proceesing claims aad accepting claim '��""
<br /> � � proceeds from mortgage ineurance or loan guarantee claims paid �°`�"`�'=;Q.
<br /> - --- �–�- under the National Hausiag Act af 1949 ar Chapter 37 of the Title - ''�'�_
<br /> " 38 of the Uaited States Code and endorsing to the order of the _ "
<br /> - ' Master 3ubse�nricer any checks which are made payable to the order . -
<br />- of C�NMAj .�
<br /> � , ���
<br /> , ,.
<br /> 5. Appearing, litigating and compromising aay matter in
<br />-;� � auy court either as piaintiff or degendant, provided however,
<br /> J, � Master Subaervicer ahall not be authorized to commence any
<br /> ' proceedinga other than foreclosure, bankruptcy and evictioa , :
<br /> without written consent of GNMA; - . _
<br /> „ ��• 6. 3elling, transferring, or dispoaing of real property
<br /> � , acquired through foreclosure or othezwise and executing all
<br /> contracts, agreemente, deede, asaignments and other inatruments
<br /> � necessary to e�fect any such sale, transfer, or dispoaition and
<br /> � to receive proceeds checks made payable to the order of Master �
<br /> . Subservicer of GNMA, assigning the right to any deficiency
<br /> judgemeat and/or any def3ciency claim inc3dent to a forecloaure
<br /> � or defaulted loan;
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