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POWER OF Ai'TORNEY OF
<br />*' IN,,.,;MNITY COMPANY OF CALIFORNi.-.
<br /> AND DEVELOPERS INSURANCE COMPANY N-° $ 3 1:2 1 1
<br />~. RO. BOX 19725, IRVINE, CA 92623 · (714) 263-3300
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<br />NOTICE: 1. All power and authority herein granted shall in any event terminate on the 31st day of Mamh, 1999.
<br /> 2. This Power of Afforney is void if altsred or if any portion is erased.
<br /> 3. This Power of Affomey is void unless the seal is readable, the text is in brown ink, the signatures are in blue ink and this notice is in red ink.
<br /> 4. This Power of Attorney should not be returned to the Attorney(s)-[n-Fact, but should remain a permanent part of the obligee's records.
<br />
<br />KNOW ALL MEN BY THESE PRESENTS, that except as expressly limited, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, do each
<br />severally, but not jointly, hereby make, constitute and appoint
<br />
<br /> ***ALBERT E. HART, GAlL FOUSHEE, WARREN V. MC CARTY, MICHELLE HAASE, JOINTLY
<br /> OR SEVERALLY***
<br />
<br />the tree and lawful Attorne~s)-In-Fact, to make, execute, deliver end acknowledge, fur and on behalf of said corporations as suretiss, bonds, undertakings and contracts of suretyship
<br />in an amount not exceeding Two Million Five Hundred Thousand Dollars ($2,500,000) in any single undertaking; giving and granting unto said Attorney(s)-In-Fact full power and authority
<br />to do and to perform every act necessary, requisite or proper to be done in connection therewith as each of said corporations could do, but reserving to each of said corporations full
<br />power of substitution and revocation; and all of the acts of said Attomey(s)-In-Fact, pursuant to these presents, are hereby ratified and confirmed.
<br />
<br />This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of INDEMNITY
<br />COMPANY OF CALIFORNIA and DEVELOPER8 INSURANCE COMPANY, effective as of September 24, 1986:
<br />
<br /> RESOLVED, that the Chairmen of the Board, the President and any Vice President of the corporation be, end that each of them hereby is, authorized to execute Powers of
<br />Attorney, qualifying the attorney(s) named in the Powers of Attorney to execute, on behalf of the corporation, bonds, undertakings end contracts of suretyship; and that the Secrata~j
<br />or any Assistant See. mt ary of the corporation be, and each of them hereby is, authorized to attest the execution of any such Power of Attorney;
<br />
<br /> RESOLVED, FURq'H ER, that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such
<br />Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any pond, undertaking
<br />or contract of suretyship to which it is attached.
<br />
<br />IN WITNESS WHEREOF. INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY have severally caus~;I these presents to be signed by their respective
<br />Presidents and attested by their respective Secretaries this 14th day of June, 1995.
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<br /> INDEMNITY COMPANY OF CALIFORNIA DEVELOPERS INSURANCE COMPANY
<br />
<br /> Dan F. Vincenti, Jr.
<br />
<br /> ATTEST
<br />
<br /> STATE OF CALIFORNIA )
<br /> )SS.
<br /> COUNTY OF ORANGE )
<br />
<br /> On June 14. 1995, before me, C.V. Brink, personally app~arsd Dante E VIncenfi, Jr. al3d Waiter Crewell, personally known to me (or proved to me on the basis of satisfactory
<br />evidence) to be the pemon(s) whose name(s) ie/are subscribed to the within Instrument end acknowledged to me that he/she/they executed the same in his/her/their authorized
<br />capacify(ias), and that by hisJher/their signature(s) on the instrument the pe~on(s), or the entity upon behalf of which the person(s} acted, executed the instrument.
<br /> WiTNESS my hand and official seal.
<br />
<br /> Signature . 7~ [~ ~ NOTAJ;~f Pt,~JC - CALff:ORNIA
<br />
<br /> CERTIFICATE
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<br /> The undemigned, as Sen~or V'me Pres[dent of IND~MNITY COMPANY OF CALIFORNIA, end Senior Vice Pres[dent of DEVELOPERS INSURANCE COMPANY, does hereby
<br />certify that the foregoing and attached Power of Attorney remains in full force and has not been revoked; and futthermom, that the provisions of the resolutions of the respective
<br />Boards of Directors of said corporations set forth in the Power of Attorney, are in force as of the date of this Certificate.
<br />
<br /> This Certificate is executed in tP~ City of Irvine, Califurnia, this ]- ST day of J~..I~y ,199 7
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<br /> IINOEMNITY COMPANY OF CAMFORNIA ~ DEVELOPERS INSURANCE COMPANY
<br />
<br /> Senior Vice President Senior Vice President
<br /> ID-310 RE~Z (2/96)
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