HomeMy WebLinkAbout1176 j ..,r
~
f
i
r
1
S
in its name, place and stead, to execute or file of
record or both. any or all documents, instruments,
papers, plans, maps and surveys (including, but not
limited to, the Condominium Documents) which
Assignee, fn its sole opinion, may deem necessary
in order to close all or any of the Purchase
Agreements, which Assignee, in its sole opinion,
i
-may deem necessary in order to create and maintain
the Condominiums laid out and constructed in ac-
cordance with the Purchase Agreements (including,
without limitation then-eto, documents, instruments,
plans, papers, maps and surveys referred to in sub- !
paragraphs (a) (i) and (ii) hereof, whether or not
they differ from those forwarded to Assignee by
or on behalf of Assignor), and to do any or all ~
other things which Assignee, in its sole opinion,
may deem necessary to close all or any of the
Purchase Agreements; giving and granting unto said
f
attorney by these presents, full and complete
authority to act as fully and completely as
f
Assignor might do if personally present and to do ~
all lawful acts requisite to effect the premises;
rati fying and confirming all said attorney may do {
by virtue of these presents.
This Power of Attorney is coupled with an interest
and is irrevocable. An affidavit made by Assignee that a
default has occurred under the terms of the Note, Mortgage
t
and/or Construction Loan Agreement shall be sufficient proof
- of any such default for the purpose of Assignee's exercise of
this Power of Attorney and other rights and privileges
assigned herein.
-8-
. EOOK ~~A PAGE~7~
g
i