200601965 - Laserfiche WebLink

Browse

200601965 7. The full assignment of Mortgage or Deed of Trust upon payment and discharge of all sums secured thereby in conjunction with the refinancing thereof, including, without limitation the assignment of the related Mortgage Note. 8. With respect to a Mortgage of Deed of Trust, the foreclosure, the taking of a deed in lieu of foreclosure, or the completion of judicial or non-judicial foreclosure or termination, cancellation or rescission of any such foreclosure, including, without limitation, any and all of the following acts: a. the substitution oftrustee(s) serving under a Deed of Trust, in accordance with state law and the Deed of Trust; b. the preparation and issuance of statements of breach or non-performance; c. the preparation and filing of notices of default and/or notices of sale; d. the cancellation/rescission of notices of default and/or notices ofsale; e. the taking of a deed in lieu of foreclosure; and f. the preparation and execution of such other documents and performance of such other actions as may be necessary under the terms of the Mortgage, Deed of Trust or state law to expeditiously complete said transactions in paragraphs 8(a) through 8(e), above. 9. The conveyance of the properties to any mortgage insurer, or the closing of the title to the property to be acquired as real estate owned, or conveyance of the title to real estate owned. The undersigned gives said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all and every act and thing necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney, each subject to the terms and conditions set forth in the Pooling Agreement and in accordance with the standard of care applicable to servicers in the Pooling Agreement as fully as the undersigned might or could do, and hereby does ratify and confirm to all that said Attorney-in-Fact shall lawfully do or cause to be done by authority hereof. This Limited Power of Attorney shall be effective as of May 2. 2003. Third parties without actual notice may rely upon the exercise of the power granted under this Limited Power of Attorney; and may be satisfied that this Limited Power of Attorney shall continue in full force and effect and has not been revoked unless an instrument of revocation has been in writing by the undersigned. IN WITNESS WHEREOF, The Bank of New York, as Trustee pursuant to that Pooling Agreement (New South I-lome Equity Asset Backed Certificates, Series 2001-1) has caused its corporate seal to be hereto affixed and these presents to be signed and acknowledged in its name and behalf by Patricia O'Neill - Manella, its duly elected and authorized Assistant Vice President this 2nd day of May 2003. The Bank of New York, as Trustee for New South quity Asset Backed Certificate. -, rOes 2 Witness: t? {J/ E"lir'" C'liI\PIRO ,-~",;\l ,",,- A C-- c.~ r V""" CV'...""'"<-l<- By:. .... Name: Pam . anella Title: Assistant Vice President Witness: