|
-. ' . . . . . . .. , . ,;. , ..
<br /> , . -
<br /> . . � . : : : _
<br /> . . __. _ _.�.-� _ _.. - - - —
<br /> . . - . — --:- - — - : : __ .. . - . . _ . - .. _ .... _ T-- —_, -� .
<br /> -•,. . . . . , � • -' . . . r .. � _ . . � . . . . .. � . � . �� ,c. -, . --
<br /> ,' ` .. ' . � s . � . � . ' � . . . � . � ' , • ' . . . ' _ . ' - . . :-
<br /> � : .
<br /> Y . • � ' � ` ' . ' . . . � � . .
<br /> . .J� , . . . ' . . ` . _
<br /> • i .. . . . _'_...[... . .. . . ...... ..__...�ws�.-._J._ � _
<br /> •. . _ -, ♦ � '__—. �.._ .. . . _,_....�.. . '_ i�_"'_�'_� s'"_"...__ _�__•--.�_,.�. . • ..
<br /> � _..-- . ..��__"'. "'_____�..�, u.___'_ " " .- � . - !
<br /> . • ` � i ' . '�..
<br /> { -
<br /> t '
<br /> ' � . �
<br /> S ' � � 97.. ����� I. �. � � , � °
<br /> .? WMlEN REC013��D MAIL TO: � ` ' . .
<br /> �� Principaf Portfolto Services,inc. ! .'
<br />'; ,� 3150 Bristof St.Suite 250 . ,. �
<br />_�: Cos1a Mesa,CA 92828 POWER OF ATTORIVEY t� � .
<br /> , - ,---- - -----
<br /> , � ,
<br /> � -
<br /> . , ..
<br /> .� Bank of America National Trust and Savings Assaciation (successor by merger to � . --��-��
<br /> Security Facific National Bank)and BankAmerica National Trust Company(formerly�acown �
<br /> - -�. as Security Pa�ific Nafianal Trust CamganY(I�Ie�*r York))(togeiher,the "Sellers")and -. . _-.. -�z„�.::�;:
<br /> - Bankers Trust Company of California, N.A.and Bankers Tn�st ComPanY(together, the i ; < .--= _--
<br /> °Buyers")have entered inW thai certain Purchase and Assumpiion Agreement(the°Purchase �,'• .-�'-=�==
<br /> Agree�nent°), dated as of August I 1, 1995, whereby the Sellers have agreed to seU and the . �"°''"�"�
<br /> Buyers have agre�d W purchase the Business(as defined therein) from the S�Dlers; -- �=`~�°=
<br /> ' . °• ��. ._.
<br /> . WHEREAS,pursuant W the Purchase Agreement the Sellers have transferred to the �- s��'-
<br /> Buy�rs the Appointments(as defined in the Purchase Agreement)listed on Schedule A � ;;:-��---
<br /> �...�°`-.__
<br /> --f attached hereto(the"Subje�t Appointments"}; ���-�:�
<br /> -,, �.�:
<br /> VVHEREAS,the Sellers desire to grant this Power of Attomey to the Buyers to assist . . �,W�:`;�;�;;
<br /> ' � the Buyers W perform the Buyers' duties in connection with the Subject Appointments. - ;�.,_ � =i;;;�
<br /> '.� NOW,THEREFORE, KNOW ALL MEN BY THESE PRESENTS:
<br /> . f ��
<br /> �
<br /> � .�,� Each of the Sellers, in its individual, trust,custndial and any other capacity does make, '.;..;�=:;�
<br />. constitute and appoint Bankers Trust Company of California, N.A. and Bankers Trust • � a:':
<br /> Company,and each of them, acting Wgether or separately, its we�d lawful agents and , . ����;
<br /> � , attorneys in fact in connecaan with all acrions relating w the Subjor�Appointments,the rel��*.ed l� � �-
<br /> v ' A m e n t s a s d e f u�e d i n t h e P u r ch a s e A �nent)and the related Custodial �'-�,
<br /> � Go ernulg gree ( �i
<br /> Assets(as defined in the Purchase Agreements)including,without limitation,the mortgages, ��'�.
<br /> warranty deEds,installment contracts and other similaz insbruments identified on Schedule B ��-���,
<br /> � atiache�hereto(the"Subject Mortgages°)and in the Sellers' names,place and stead, w '`�"`�s�,
<br /> execute and d�liver any agreement,document, inswment or other writing{including, without _ =— '
<br /> limitation,powers of attom�ey)de�med by the Buyers to be proper and advisable and to take �'�r:�;.,':-�
<br />. any action�eemed by the Buyers W be proper and advisable in furt�erance of such duties,all � : .
<br /> � w the full scape and e.�tent which the Sellers could do if personallc�Zcting. .�y,�p.�----- � ''�-
<br /> . �: - --
<br /> .,�,.����, _
<br /> • � ; ARTICLE I _----- �
<br /> ��'��==-
<br /> . ' -�>��� -�-
<br /> `�'`:�,. '-
<br /> , Without limiting the foregoing, the Sellers grant and confer unto the B�yers each of the ,:-�r r`�:�
<br />. , _ �` ; .
<br /> �� foltowing powers: -�� -
<br /> ��.��-�'-•�
<br /> u ~ __
<br />� 1.1 The power to demand, recover, collect, receive and receipt for all sums off • • �� �" �
<br /> . ��.R�.,;. .
<br /> ,, .+ money, eI.�ck,accounts,interests,and dividends and demands whatsoever whic�may be due --- —�:.
<br /> or owin�to the Sellers in connection with the Subject Appointments and related Custodial ��''',-���"�
<br /> � II1dUlll�l6�l�n18JIfi�I��lU�i�Qla�l8�1�69�111Q " � ����'���.�=. �
<br /> . 98261102119 ' • � �: �
<br /> NE-HALL • • � -
<br /> , _.__� .._,-� • : . _ .. .. _
<br /> � . •• �. • , . . .
<br /> . . � . . . . � . , • : ' : �. � . ; . . t::
<br /> . . _ � . . . ,
<br /> . _ , , , . • , . � �.� . ` �,-
<br /> _.�,..._...----�-----�----�.�..,:...�.—:..,-=�.- � . • . .- . ...___. -. -- , : _. .. , ..
<br /> .
<br /> .....���.;_, _ . •
<br /> -- ,.�_ ` . • .
<br /> . : , ,,,,. . . . •
<br /> � . _., . •_ --- � - - --— - �-_ -- - - - --- -__._ __,._ . ---
<br /> - — ----=--- - .�..•�^�.�:_� _.. ._._,.�=�.r_ �..r�� :.,_,�:-.
<br /> —y_ i�_�_:
<br /> L�... _.. ' � . . . . _ _ • . - . �4�i� .. . , . . �'� , ' �. .. ' , . -
<br /> �U:"•+,: . . . • .• . _ .. .. - .. . . . �l' . „ . .. '
<br /> . —�. ' . • _. . . . . . - .. _ , r . _�ae-. _ ._ ' a .. . - . _. . _ .. .. � _ . , _ .,. • . . .�. . _ _ . . � . � .
<br />
|