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<br />OFFICE OF COUNTY RECORDER
<br />CWN1Y Of- CLAY, MINNESOTA
<br />THIS INSTRUMENT WAS CERTIFIED,
<br />FILED AND/OR R1CORDED ON
<br />~G/l1/2~~7 AT 03:39PM
<br />AS DOO..lMENT NO.
<br />642960 1,'Y
<br />J. BONNIE REHDER
<br />CLAY CtJUNlY RECORDf.R J;Y"
<br />PAa::S: e
<br />
<br />200709686
<br />
<br />. Prepared by and Return To:
<br />Prepared by and Return To:
<br />PHH MORTGAGE CORP. - MAIL STOP SV03
<br />4001 Leadenhall Road
<br />MT. LAUREL, NJ 08054
<br />
<br />()I, 010. .37/0
<br />S"J-$ 2-S,W If to ~/,7, 4-7
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<br />Limited Power of Attornev
<br />
<br />KNOW ALL MEN BY THESE PRESENTS, that Merrill Lynch Credit Corporation
<br />("MLCC"), a Delaware corporation, having its principal place of business at 4802 Deer Lake
<br />Drive East, Jacksonville, Florida 32246, hereby constitutes and appoints PHH Mortgage
<br />Corporation (f/kla Cendant Mortgage Corporation) d/b/a PHH Mortgage Services ("PHH"), a
<br />New Jersey corporation, having offices at 3000 Leadenhall Road, Mt. Laurel, New Jersey 08054,
<br />by and through its officers, its true and lawful Attorney-in-Fact, in its name, place and stead and
<br />for its benefit, in connection with mortgage loans originated, serviced and/or subserviced by PHH
<br />on behalf of MLCC pursuant to (i) that certain Servicing Rights Purchase and Sale Agreement,
<br />dated as of December 15, 2000 (the "Servicing Agreement"), (ii) that certain Origination
<br />Assistance Agreement, dated as of December 15, 2000 (the "Origination Agreement"), (iii) that
<br />certain Loan Purchase and Sale Agreement, dated as of December 15, 2000 (the "Purchase and
<br />Sale Agreement"), (iv) that certain Equity Access$ and Omega'm Loan Subservicing Agreement,
<br />dated as of June 6, 2002 (the "Equity Access Agreement,"), and (v) that certain Amendment
<br />Agreement No.1, dated as of January 2, 2001, for the purposes of performing all acts and
<br />executing all documents in the name of MLCC necessary and incidental to the origination,
<br />servicing and/or subservicing of said loans, including but not limited to:
<br />
<br />(1) Originating, processing, underwriting, approving and closing residential loans and the
<br />preparation of related loan documentation in connection therewith, including but not
<br />limited to Promissory Notes, Mortgages, Deeds of Trust, Deeds to Secure Debt, and other
<br />security instruments and any ancillary documentation related thereto;
<br />
<br />(2) Foreclosing delinquent loans or discontinuing such foreclosure proceedings, including,
<br />but not limited to, the execution of notices of default, notices of sale, assignments of bids,
<br />and assignments of deficiency judgments, and appearing in and prosecuting bankruptcy
<br />proceedings;
<br />
<br />(3) Selling, transferring or otherwise disposing ofreal property acquired through foreclosure
<br />or otherwise, including, but not limited to, executing all contracts, agreements, deeds,
<br />assignments or other instruments necessary to effect such sale, transfer or disposition, and
<br />receiving proceeds and endorsing checks made payable to the order of MLCC [rom such
<br />proceedings;
<br />
<br />(4) Preparing, executing, and delivering satisfactions, cancellations, discharges, lost note
<br />instruments, or full or partial releases of lien, subordination agreements, modification
<br />agreements, assumption agreements, substitutions of trustees under deeds of trust, and
<br />UCC-3 Continuation Statements;
<br />
<br />4 ~ 7L/J./X
<br />Lid-iffY 105"'t
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