200906747 - Laserfiche WebLink

Browse

,~. ~~ 2oo9os747 Prepared by EMC Mortgage Corporation. When recorded return to: EMC Mortgage Corporation Attn: Collateral Management 2780 Lake Vista Drive Lewisville, TX 750fi7-3884 214/626-2800 LIMITED POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that Bank of America, National Association as successor by merger to LaSalle Bank National Association, a national banking association organized and existing under the laws of the United States and having its principal place of business at 135 South LaSalle Street, Suite 1625, Chicago, Illinois, 60603, as Trustee (the "Trustee's pursuant to a Pooling and Servicing Agreement, November 1, 2006, (the "Agreement") by and among EMC Mortgage Corporation, a Delaware Corporation as Seller and Master Servicer ("EMC' and Bank of America, National Association as successor by merger to LaSalle Bank National Association, as Trustee hereby constitutes and appoints EMC, by and through EMC's ofhcers, the Trustee's true and lawful Attorney-in-Fact, in the Trustee's name, place and stead and far the Trustee's benefit, in connection with all mortgage loans serviced by EMC pursuant to the Agreement solely for the purpose of performing such acts and executing such documents in the name of the Trustee necessary and appropriate to effectuate the following enumerated transactions in respect of any of the mortgages or deeds of trust (the "Mortgages" and "Deeds of Trust" respectively), retail installment contracts ("other security instruments") and promissory notes secured thereby (the "Mortgage Notes") for which the undersigned is acting as Trustee for various Certificateholders for Bear Stearns Asset Backed Securities I LLC Asset-Backed Certificates, Series 2006-AQ1 (whether the undersigned is named therein as mortgagee or beneti=lciary or has become mortgagee by virtue of endorsement of the Mortgage Note secured by any such Mortgage or Deed of Trust and/or assignment of the Mortgage or Deed of Trust) and for which EMC is servicing. This Appointment shall apply only to the following enumerated transactions and nothing herein or in the Agreement shall be construed to the contrary: 1. The moditi=tcation or re-recording of a Mortgage ar Deed of Trust, or re-titling of other security instruments, where said modification, re-recording or re-titling is being done solely for the purpose of correcting the Mortgage, Deed of Trust or other security instruments to conform same to the original intent of the parties thereto yr to correct title errors discovered after such title insurance was issued; provided that (i) said modification, re-recording, ar re-titling in either instance, does not adversely affect the lien positiorr of the Mortgage, Deed of Trust or other security instruments as insured and (ii) otherwise conforms to the provision of the Agreement. 2. The subordination of the lien of a Mortgage or Deed of Trust to an easement in favor of a public utility company of a government agency or unit with powers of eminent domain; this section shall include, without limitation, the execution of partial satisfactions/releases, partial reconveyances or the execution or requests to trustees to accomplish same. 3. The conveyance of the properties to the mortgage insurer, or the closing of the title to the property to be acquired as real estate owned, or conveyance of title to real estate owned. 4. The completion of loan assumption Agreements, and recordation of same (if necessary). S. The full or partial satisfaction/release of a Mortgage or Deed of Trust or full or partial conveyance upon payment and discharge of the necessary limitation, cancellation of the related Mortgage Note. 6. The assignment of any Mortgage, Deed of Trust or other security instrument and the related Mortgage Note, in connection with the repurchase of the mortgage loan secured and evidenced thereby. I:\Legal\KOTfINGER\POAs\Bank of America fka LaSalle\85ABS 2006-AQ1 Inv C76 C77 C8$ COND/BS06AQ1