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201107588
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Last modified
10/13/2011 9:21:28 AM
Creation date
10/13/2011 9:05:33 AM
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DEEDS
Inst Number
201107588
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�o�io�5s� <br />a. the substitution of trustee(s) serving under a Mortgage, in accordance with state <br />law and the Mortgage; <br />b. the preparation and issuance of statements of breach or non-performance; <br />c. the preparation and filing of notices of default and/or notices of sale; <br />d. the cancellation/rescission of notices of default and/or notices of sale; <br />e. the taking of a deed in lieu of foreclosure; and <br />f. the preparation and execution of such other documents and performance of such <br />other actions as may be necessary under the terms of the Mortgage or state law to <br />expeditiously complete said transactions in paragraphs 8.a. through 8.e., above; <br />and <br />9. To execute any other documents referred to in the above-mentioned documents or that <br />are ancillary or related thereto or contemplated by the provisions thereof; and to do all things <br />necessary or expedient to give effect to the aforesaid documents including, but not limited to, <br />completing any blanks therein, making any amendments, alterations and additions thereto, to <br />endorse which may be considered necessary by the Attorney, to endorse on behalf of the Trustee <br />all checks, drafts and/or negotiable instruments made payable to the Trustee in respect of the <br />documents, and executing such other documents as may be considered by the Attorney necessary <br />for such purposes. <br />10. The qualified subordination of the lien of a Mortgage or Deed of Trust to a lien of a <br />creditor that is created in connection with the refinancing of a debt secured by a lien that was <br />originally superior to the lien of the Mortgage or Deed of Trust. <br />The relationship of the Bank and the Attorney under this Power of Attorney is intended <br />by the parties to be that of an independent contractor and not that of a joint venturer, partner, or <br />agent. <br />Capitalized terms not otherwise defined herein shall have the meanings set forth in the <br />applicable pooling and servicing agreement listed on Schedule A hereto. <br />This Power of Attorney is effective for one (1) year from the date hereof or the <br />earlier of (i) revocation by the Bank, (ii) the Attorney shall no longer be retained on behalf of <br />the Bank or an affiliate of the Bank; or (iii) the expiration of one year from the date of execution. <br />The authority granted to the attorney-in-fact by the Power of Attorney is not <br />transferable to any other party or entity. <br />This Power of Attomey shall be governed by, and construed in accordance with, the laws <br />of the State of New York without regard to its conflicts of law principles. <br />All actions heretofore taken by said Attorney, which the Attorney could properly have <br />taken pursuant to this Power of Attorney, be, and hereby are, ratified and affirmed. <br />
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