|
t7
<br />Ll)
<br />GD
<br />200407474
<br />WHEN RECORDED RETURN TO:
<br />FAIRBANKS CAPITAL CORP.
<br />DOCUMENT CONTROL DEPARTMENT
<br />P.O. BOX 65250
<br />SALT LAKE CITY, UT 84165 -0250
<br />LIMITED POWER OF ATTORNEY
<br />4�
<br />9653875E
<br />0x/16/2003 0245 Ph 16.00
<br />Sank - 8798 P3 - 8994-8997
<br />GARY W_ OTT
<br />RECORDER, SALT LAKE CMNTY, UTAH
<br />FAIRBAWS CAPITAL
<br />8Y' Z31b DEPUTY - WI 4 �.
<br />Pursuant to the terms of each Pooling and Servicing Agreement (each a "Servicing
<br />Agreement ") identified in Exhibit "A" hereto, THE BANK OF NEW YORK, the trustee (the
<br />"Trustee ") of the trust ( "the "Trust ") established under each Servicing Agreement, hereby
<br />constitutes and appoints FAIRBANKS CAPITAL CORP., a Utah corporation and residential
<br />mortgage servicer (the "Servicer "), as its true and lawful attorney -in -fact and in its name, place
<br />and stead to take the following designated actions with respect to any mortgage loan (each, a
<br />"Mortgage Loan ") or other asset held by a Trust:
<br />1. To ask, demand, sue for, collect and receive all sums of money, debts or other
<br />obligations of any kind with respect to a Mortgage Loan which are now or shall after this date
<br />become due, owing or payable, or otherwise belong to the Trustee; to settle and compromise any
<br />of such debts or obligations that may be or become due to the Trustee; to endorse in the name of
<br />the Trustee for deposit in the appropriate account any instrument payable to or to the order of the
<br />Trustee; in each case with respect to a Mortgage Loan.
<br />2. To make demand(s) on behalf of the Trustee upon any or all parties liable on a
<br />Mortgage Loan; to declare defaults with respect to a Mortgage Loan; to give notices of intention
<br />to accelerate; to give notices of acceleration and any other notices as Servicer deems reasonably
<br />necessary or appropriate; to post all notices as required by law and the documents securing a
<br />Mortgage Loan in order to foreclose such Mortgage Loan; to handle all aspects of foreclosure on
<br />behalf of the Trustee, including, but not limited to, conducting the foreclosure sale, bidding for
<br />the Trustee and executing all documents, including all deeds and conveyances, needed to effect
<br />such foreclosure sale and/or liquidation; to execute any documents or instruments necessary for
<br />the offer, listing, closing of sale, and conveyance of REO Property, including, but not limited to,
<br />grant, warranty, quit claim and statutory deeds or similar instruments of conveyance; to execute
<br />any documents or instruments in connection with any bankruptcy or receivorship of a mortgagor
<br />on a Mortgage Loan; to file suit and prosecute legal actions against all parties liable for amounts
<br />due under a Mortgage Loan, including, but not limited to, any deficiency amounts due following
<br />foreclosure; to take such other actions and exercise such rights which may be taken by Trustee
<br />under the terms of any Mortgage Loan, including, but not limited to, satisfaction, release,
<br />cancellation or discharge of mortgage, eviction, unlawful detainer, or similar dispossessory
<br />proceeding, sale, taking possession of, release of security instruments, realization upon all or any
<br />part of a Mortgage Loan or any collateral therefor or guaranty thereof; and to assign, convey,
<br />accept, or otherwise transfer, Trustee's interest in any Mortgage Loan.
<br />3. To perform all other acts and do all other things as may be necessary or convenient to
<br />manage and service the Mortgage Loans under the terms of the Servicing Agreement.
<br />M•
<br />r
<br />•
<br />
|