201101271 - Laserfiche WebLink

Browse

�� 201101271 t• � � 5nyd�r Pl� , � ZZSSO�SI LI:�IITED POWEROF:�TTORNEY GOVERNNIENT NATIONAL N10RT'GAGE ASSOCIA"I'ION, a corporation or�anized and existinb under the laws of the United States of America, having its principal place of business in Washington, D.C. ("Ginnie Nlae"') hereby appoints BAC Home Loans Servicing, LP as its true and lawful attorney-in-fact, in its name, place and stead, and for its benetit, in connection with Ginnie Mae-awned mortgage pooled loans described in that certain Contract l�iumber C-OPG23289, entered into by and between Ginnie Mae and BAC Home Loans Servicins, LP dated March 1, 2009 ("Contract") for the purpose of performing all �cts and executing all documents in the name of Ginnae Mae necessary and incidental to transfer of said loans, including but not limited to: 1. Acceptance of money due or to become due from borrowers and collection of past due amounts; 2. Those acts necessary to comply with regulations and requirements of the United States Department of Veteran's Affair, the United States Department of housing and Urban Development, and any ather governn�ent entity or state or federal law; 3. Foreclosing delinquent loans, accepting deeds in lieu of foreclosure or otherwise acquiring title to mortgage properties; 4. Filing and processing claims and accepting claim proceeds from mortgage insurance or loan guarantee clairris paid and endorsing to the order of BAC Home Loans Servicins, LP, any checks �;�hich are made payable to the order of Ginnie Mae; 5. Appearing, litigating and compromising any matter in any court either as plaintiff or defendant; 6. Selling, transfemng, or disposing of real property acquired through foreclosure or otherwise and executing all contracts, agreements, deeds, assignments and other instruments necessary to effect any such sale, transfer, or disposition and to receive proceeds checks made payable to the order of Ginnie Mae; 7. Preparing, executing and delivering satisfactions, cancellations, discharges, full or partial reconveyances or full or partial release of lien; appointing substitute trustee(s), entering into assumption agreements; 8. Preparing, executing and delivering deeds to vest title to properties in the Secretary of E-Iousing and Urban Development, or the Administration of Veteran's Affairs; 9. Endorsing promissory notes from Ginnie Mae to BAC Home Loans Servicins, LP and executing assignments from Ginnie Mae to SAC Home Loans Servicin�, LP of mortga�es, deeds of trusts, deeds to secure debt, and other security instruments securing said promissory notes; 10. Any and all such other acts of any kind and nature whatsoever BaC Home Loans Serviein�, LP tnay find necessary to transfer said loans. Ginnie Mae further ;rants to the BAC Home Loans Servicin�, LP full power and authority to do an perfornl all acts necessary to effect the o�vnership interest of Br�C Nome Loans Servicing, LP, pursuant to the Contract, to carry into effect the powers granted by or under this limited power of attorney as fully as Ginnie h�tae mieht or could do �vith the same validity as if a!1 and every such act had been herein particularly stated, espressed, and especially provided for.