OFFICER SIGNATURE. OFFICER NAME: TITLE Exhibit 2a This exhibit contains three versions of the loss share calculation for foreclosure, plus explanatory notes. Exhibit 2a(1) CALCULATION OF FORECLOSURE LOSS Foreclosure Occurred Prior to Loss Share Agreement 1 Shared-Loss Month May-09 2 Loan no: 364574 3 REO # 621 4 Foreclosure date 12/18/08 5 Liquidation date 4/12/09 6 Note Interest rate 8.100% 7 Most recent BPO 228,000 8 Most recent BPO date 1/21/09 Foreclosure Loss calculation 9 Book value at date of Loss Share agreement 244,900 Accrued interest, limited to 90 days or days from failure 10 to sale, whichever is less 3,306 11 Costs incurred after Loss Share agreement in place: 12 Attorney's fees 0 Foreclosure costs, including title search, filing fees, 13 advertising, etc. 0 14 Property protection costs, maint. and repairs 6,500 15 Tax and insurance advances 0 Other Advances 16 Appraisal/Broker's Price Opinion fees 0 17 Inspections 0 18 Other 0 19 Gross balance recoverable by Purchaser 254,706 Cash Recoveries: 20 Net liquidation proceeds (from HUD-1 settl stmt) 219,400 21 Hazard Insurance proceeds 0 22 Mortgage Insurance proceeds 0 23 T & I escrow account balances, if positive 0 24 Other credits, if any (itemize) 0 25 Total Cash Recovery 219,400 26 Loss Amount 35,306 Exhibit 2a(2)
OFFICER SIGNATURE. OFFICER NAME: TITLE Exhibit 2a This exhibit contains three versions of the loss share calculation for foreclosure, plus explanatory notes.
OFFICER SIGNATURE. An Officer shall sign the Bonds for the Company by manual or .pdf emailed signature. If an Officer whose signature is on a Bond no longer holds that office at the time a Bond is authenticated, the Bond shall nevertheless be valid.
OFFICER SIGNATURE. OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc. xx Property protection costs, maint. and repairs xx Tax and insurance advances xx Other Advances (3) Appraisal/Broker's Price Opinion fees xx Inspections xx Other xx Gross balance recoverable by Assuming Bank xx xx (A) Cash Recoveries: Net liquidation proceeds (from HUD-1 settl stmt) xx Insurance proceeds xx T & I escrow account balance, if positive xx Other credits, if any (itemize) xx Total Cash Recovery xx xx (B) Loss Amount xx (A) - (B) Times 80% (Receiver Loss Share percentage) x 80% Amount due Assuming Bank for Receiver Loss Share Amount xx
OFFICER SIGNATURE. OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney’s fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc. xx Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions, (it being understood that any such costs with respect to remediation activities are limited to $200,000 without Assuming Bank having received the prior consent of the FDIC) xx Tax and insurance advances xx Other Advances (3) Appraisal/Broker’s Price Opinion fees xx Inspections xx Other xx Gross balance recoverable by Assuming Bank xx xx (A) Cash Recoveries: Net liquidation proceeds (from HUD-1 settl stmt) xx Insurance proceeds xx T & I escrow account balance, if positive xx Other credits, if any (itemize) xx Total Cash Recovery xx xx (B) Loss Amount xx (A) - (B) Times 80% (or 95% if the Stated Threshold has been met) (Receiver Loss Share percentage) x 80 % Amount due Assuming Bank for Receiver Loss Share Amount xx
OFFICER SIGNATURE. OFFICER NAME: TITLE Exhibit 2a This exhibit contains three versions of the loss share calculation for foreclosure, plus explanatory notes. Exhibit 2a(1) CALCULATION OF FORECLOSURE LOSS Foreclosure Occurred Prior to Loss Share Agreement 1 Shared-Loss Month May-09 2 Loan no: 364574 3 REO# 621 4 Foreclosure date 12/18/08 5 Liquidation date 4/12/09 6 Note Interest rate 8.100 % 7 Most recent BPO 228,000 8 Most recent BPO date 1/21/09 Foreclosure Loss calculation 9 Book value at date of Loss Share agreement Accrued interest, limited to 90 days or days from failure 244,900 10 to sale, whichever is less 3,306 11 Costs incurred after Loss Share agreement in place: 12 Attorney’s fees 0 Foreclosure costs, including title search, filing fees.
OFFICER SIGNATURE. [INLEDGABLE] -------------------------------------------------------- Filing Fee: $175.00 IMPORTANT: Failure to include any of the above information and submit the proper fees may cause this filing to be rejected. SUBMIT IN DUPLICATE This form must be accompanied by appropriate fees. See attached fee schedule. Nevada Secretary of State AM 78.1955 Designation 2003 Revised on: 9/03/03 INTERNATIONAL DEVELOPMENT CORP. CONTINUATION FOR THE CERTIFICATE OF DESIGNATION FOR THE SERIES A PREFERRED STOCK
OFFICER SIGNATURE s/ illegible ----------------------------------------------------------- FILING FEE: $175.00 IMPORTANT: Failure to include any of the above information and submit the proper fees may cause this filing to be rejected. SUBMIT IN DUPLICATE This for must be accompanied by Nevada Secretary of AM Appropriate fees. See attached 78.1955 Designation 2003 Fee schedule. Revised on: 11/03/03 ARTICLES OF DESIGNATION of SERIES B PREFERRED STOCK of PTS, INC. Pursuant to Section 78.195 of the Revised Statutes of the State of Nevada PTS, INC., a corporation organized and existing under the laws of the State of Nevada (the "Corporation"), does hereby certify that, pursuant to the authority conferred on its board of directors (the "Board of Directors") by its articles of incorporation (the "Articles of Incorporation"), as amended, and in accordance with Section 78.195 of the Revised Statutes of the State of Nevada, the Board of Directors (or, as to certain matters allowed by law, a duly authorized committee thereof) adopted the following resolution establishing a series of 20,000,000 shares of Preferred Stock of the Corporation designated as "Series B Preferred Stock." RESOLVED, that pursuant to the authority conferred on the Board of Directors of this Corporation (the "Corporation") by the Articles of Incorporation, a series of Preferred Stock, $.001 par value, of the Corporation be and hereby is established and created, and that the designation and number of shares thereof and the voting and other powers, preferences and relative, participating, optional or other rights of the shares of such series and the qualifications, limitations and restrictions thereof are as follows:
