EXECUTION COPY
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CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
(Depositor)
and
COLUMN FINANCIAL, INC.
(Seller)
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MORTGAGE LOAN PURCHASE AGREEMENT
Dated as of August 11, 2004
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TABLE OF CONTENTS
Page
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Section 1.
Transactions on or Prior to the Closing Date......................1
Section 2.
Closing Date Actions..............................................1
Section 3.
Conveyance of Mortgage Loans......................................2
Section 4.
Depositor's Conditions to Closing.................................8
Section 5.
Seller's Conditions to Closing....................................9
Section 6.
Representations and Warranties of Seller..........................9
Section 7.
Obligations of Seller............................................12
Section 8.
Crossed Mortgage Loans...........................................16
Section 9.
Representations and Warranties of Depositor......................16
Section 10.
Survival of Certain Representations, Warranties and Covenants....17
Section 11.
[Reserved].......................................................17
Section 12.
Recording Costs and Expenses.....................................17
Section 13.
Notices..........................................................17
Section 14.
Examination of Mortgage Files....................................17
Section 15.
Successors.......................................................18
Section 16.
Governing Law....................................................18
Section 17.
Severability.....................................................18
Section 18.
Further Assurances...............................................18
Section 19.
Counterparts.....................................................18
Section 20.
Treatment as Security Agreement..................................18
Section 21.
Recordation of Agreement.........................................20
Schedule I
Schedule of Transaction Terms
Schedule II
Mortgage Loan Schedule
Schedule III Mortgage Loans Constituting Crossed Groups
Schedule IV
Mortgage Loans with Lost Notes
Schedule V
Exceptions to Seller's Representations and Warranties
Exhibit A
Representations and Warranties Regarding the Mortgage Loans
Exhibit B
Form of Lost Note Affidavit
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MORTGAGE LOAN PURCHASE AGREEMENT
This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of
August 11, 2004, is made by and between COLUMN FINANCIAL, INC., a
Delaware
corporation ("Seller"), and CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES
CORP., a Delaware corporation ("Depositor").
RECITALS
I. Capitalized terms used herein without definition have the
meanings
ascribed to them in the Schedule of Transaction Terms attached
hereto as
Schedule I, which is incorporated herein by this reference, or, if
not defined
therein, in the Pooling and Servicing Agreement specified on such
Schedule of
Transaction Terms.
II. On the Closing Date, and on the terms set forth herein, Seller
has
agreed to sell to Depositor and Depositor has agreed to purchase
from Seller,
the mortgage loans identified on the schedule (the "Mortgage Loan
Schedule")
annexed hereto as Schedule II (each such mortgage loan, a "Mortgage
Loan" and,
collectively, the "Mortgage Loans"). Depositor intends to deposit
the Mortgage
Loans and other assets into a trust fund (the "Trust Fund") created
pursuant to
the Pooling and Servicing Agreement and to cause the issuance of
the
Certificates.
AGREEMENT
NOW, THEREFORE, on the terms and conditions set forth below and for
good
and valuable consideration, the receipt and adequacy of which is
hereby
acknowledged, Depositor and Seller agree as follows:
Section 1. Transactions on or Prior to the Closing Date. On or
prior to the
Closing Date, Seller shall have delivered the Mortgage Files with
respect to
each of the Mortgage Loans listed in the Mortgage Loan Schedule to
Wells Fargo
Bank, N.A. as trustee (the "Trustee") or its designee, against
receipt by Seller
of a written receipt, pursuant to an arrangement between Seller and
the Trustee;
provided, however, that, item (xvi) in the definition of Mortgage
File (below)
shall be delivered to the Master Servicer for inclusion in the
Servicer File
(defined below) with a copy delivered to the Trustee for inclusion
in the
Mortgage File; and provided, further, that Seller shall pay (or
cause the
related Borrower to pay) any costs of the assignment or amendment
of each letter
of credit described under such item (xvi) required in order for the
Trustee to
draw on such letter of credit pursuant to the terms of the Pooling
and Servicing
Agreement and shall deliver the related assignment or amendment
documents within
thirty (30) days after the Closing Date, which period may be
extended by thirty
(30) days as provided in the Pooling and Servicing Agreement. In
addition, prior
to such assignment or amendment of a letter of credit, Seller will
take all
necessary steps to enable the Master Servicer to draw on the
related letter of
credit on behalf of the Trustee pursuant to the terms of the
Pooling and
Servicing Agreement, including, if necessary, drawing on the letter
of credit in
its own name pursuant to written instructions to draw from the
Master Servicer
and upon receipt, immediately remitting the proceeds of such draw
(or causing
such proceeds to be remitted) to the Master Servicer.
Section 2. Closing Date Actions. The sale of the Mortgage Loans
shall take
place on the Closing Date, subject to and simultaneously with the
deposit of the
Mortgage Loans into the Trust
Fund, the issuance of the Certificates, the sale of the Publicly
Offered
Certificates by Depositor to the Underwriters pursuant to the
Underwriting
Agreement and the sale of the Private Certificates by Depositor to
the Initial
Purchaser pursuant to the Certificate Purchase Agreement. The
closing (the
"Closing") shall take place at the offices of Sidley Austin Brown
& Wood LLP,
787 Seventh Avenue, New York, New York 10019, or such other
location as agreed
upon between the parties hereto. On the Closing Date, the following
actions
shall take place in sequential order on the terms set forth herein:
(i) Seller shall sell to Depositor, and Depositor shall purchase
from
Seller, the Mortgage Loans pursuant to this Agreement for the
Mortgage Loan
Purchase Price payable in accordance with instructions previously
provided
to Depositor by Seller. The Mortgage Loan Purchase Price shall be
paid by
Depositor to Seller or at its direction by wire transfer in
immediately
available funds to an account designated by Seller on or prior to
the
Closing Date. The "Mortgage Loan Purchase Price" shall be the price
mutually agreed upon as such in writing between Depositor and
Seller.
(ii) Pursuant to the terms of the Pooling and Servicing Agreement,
Depositor shall transfer all of its right, title and interest in,
to and
under the Mortgage Loans to the Trustee (for the benefit of the
Holders of
the Certificates) in exchange for the issuance of the Certificates
to or at
the direction of Depositor.
(iii) Depositor shall sell to the Underwriters, and the
Underwriters
shall purchase from Depositor, the Publicly Offered Certificates
pursuant
to the Underwriting Agreement, and Depositor shall sell to the
Initial
Purchaser, and the Initial Purchaser shall purchase from Depositor,
the
Private Certificates pursuant to the Certificate Purchase
Agreement.
(iv) The Underwriters will offer the Publicly Offered Certificates
for
sale to the public pursuant to the Prospectus and the Prospectus
Supplement
and the Initial Purchaser will privately place certain classes of
the
Private Certificates pursuant to the Offering Circular.
Section 3. Conveyance of Mortgage Loans. Effective as of the
Closing Date,
subject only to Seller's receipt of the Mortgage Loan Purchase
Price, Seller
does hereby assign, transfer, set over and otherwise convey,
without recourse,
to Depositor, free and clear of any liens, claims or other
encumbrances, all of
Seller's right, title and interest in, to and under: (i) each of
the Mortgage
Loans identified on the Mortgage Loan Schedule and (ii) all
property of Seller
described in Section 20(b) of this Agreement, including, without
limitation, (A)
all scheduled payments of interest and principal due on or with
respect to the
Mortgage Loans after the Cut-off Date and (B) all other payments of
interest,
principal or prepayment premiums received on or with respect to the
Mortgage
Loans after the Cut-off Date, other than any such payments of
interest or
principal or prepayment premiums that were due on or prior to the
Cut-off Date.
The parties acknowledge that such assignment, transfer, setting
over and other
conveyance shall not be construed to limit any obligation of Seller
and any
servicing rights of Midland Loan Services, Inc. under that certain
servicing
rights purchase agreement, dated as of August 1, 2004, between
Seller and
Midland Loan Services, Inc. The Mortgage File for each Mortgage
Loan shall
contain the following documents on a collective basis:
(i) the original Note (or with respect to those Mortgage Loans
listed
in Schedule IV hereto, a "lost note affidavit" substantially in the
form of
Exhibit B hereto and a true
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and complete copy of the Note), bearing, or accompanied by, all
prior and
intervening endorsements or assignments showing a complete chain of
endorsement or assignment from the applicable Mortgage Loan
Originator
either in blank or to Seller, and further endorsed (at the
direction of
Depositor given pursuant to this Agreement) by Seller, on its face
or by
allonge attached thereto, without recourse, either in blank or to
the order
of the Trustee in the following form: "Pay to the order of Wells
Fargo
Bank, N.A., as trustee for the registered Holders of Credit Suisse
First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
Certificates, Series 2004-C3, without recourse, representation or
warranty,
express or implied";
(ii) a duplicate original Mortgage or a counterpart thereof or, if
such Mortgage has been returned by the related recording office,
(A) an
original, (B) a certified copy or (C) a copy thereof from the
applicable
recording office, and originals or counterparts (or originals,
certified
copies or copies from the applicable recording office) of any
intervening
assignments thereof from the applicable Mortgage Loan Originator to
Seller,
in each case in the form submitted for recording or, if recorded,
with
evidence of recording indicated thereon;
(iii) an original assignment of the Mortgage, in recordable form
(except for any missing recording information and, if applicable,
completion of the name of the assignee), from Seller (or the
applicable
Mortgage Loan Originator) either in blank or to "Wells Fargo Bank,
N.A., as
trustee for the registered Holders of Credit Suisse First Boston
Mortgage
Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series
2004-C3";
(iv) an original, counterpart or copy of any related Assignment of
Leases (if such item is a document separate from the Mortgage), and
the
originals, counterparts or copies of any intervening assignments
thereof
from the applicable Mortgage Loan Originator of the Mortgage Loan
to
Seller, in each case in the form submitted for recording or, if
recorded,
with evidence of recording thereon;
(v) an original assignment of any related Assignment of Leases (if
such item is a document separate from the Mortgage), in recordable
form
(except for any missing recording information and, if applicable,
completion of the name of the assignee), from Seller (or the
applicable
Mortgage Loan Originator), either in blank or to "Wells Fargo Bank,
N.A.,
as trustee for the registered Holders of Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass-Through
Certificates,
Series 2004-C3", which assignment may be included as part of an
omnibus
assignment covering other documents relating to the Mortgage Loan
(provided
that such omnibus assignment is effective and in recordable form
under
applicable law);
(vi) an original or true and complete copy of any related Security
Agreement (if such item is a document separate from the Mortgage),
and the
originals or copies of any intervening assignments thereof from the
applicable Mortgage Loan Originator to Seller;
(vii) an original assignment of any related Security Agreement (if
such item is a document separate from the Mortgage), from Seller
(or the
applicable Mortgage Loan Originator) either in blank or to "Wells
Fargo
Bank, N.A., as trustee for the registered Holders of Credit Suisse
First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
Certificates,
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Series 2004-C3," which assignment may be included as part of an
omnibus
assignment covering other documents relating to the Mortgage Loan
(provided
that such omnibus assignment is effective under applicable law);
(viii) originals or copies of all (A) assumption agreements, (B)
modifications, (C) written assurance agreements and (D)
substitution
agreements, together with any evidence of recording thereon or in
the form
submitted for recording, in those instances where the terms or
provisions
of the Mortgage, Note or any related security document have been
modified
or the Mortgage Loan has been assumed;
(ix) the original lender's title insurance policy or a copy thereof
(together with all endorsements or riders that were issued with or
subsequent to the issuance of such policy), or if the policy has
not yet
been issued, the original or a copy of a binding written commitment
(which
may be a pro forma or specimen title insurance policy which has
been
accepted or approved in writing by the related title insurance
company, or
an interim binder that is "marked up" as binding and countersigned
by the
title company, which in any case is binding on the title insurance
company), insuring the priority of the Mortgage as a first lien on
the
related Mortgaged Property, relating to such Mortgage Loan;
(x) the original or a counterpart of any guaranty of the
obligations
of the Borrower under the Mortgage Loan;
(xi) UCC acknowledgement, certified or other copies of all UCC
Financing Statements and continuation statements which show the
filing or
recording thereof (including the filing number or other similar
filing
information) or, alternatively, other evidence of filing or
recording
(including the filing number or other similar filing information)
acceptable to the Trustee (including, without limitation, evidence
of such
filed or recorded UCC Financing Statement as shown on a written UCC
search
report from a reputable search firm, such as CSC/LexisNexis
Document
Solutions, Corporation Service Company, CT Corporation System and
the like
or printouts of on-line confirmations from such UCC filing or
recording
offices or authorized agents thereof), sufficient to perfect (and
maintain
the perfection of) the security interest held by the applicable
Mortgage
Loan Originator (and each assignee of record prior to the Trustee)
in and
to the personalty of the Borrower at the Mortgaged Property, and
original
UCC Financing Statement assignments, in a form suitable for filing
or
recording, sufficient to assign each such UCC Financing Statement
to the
Trustee;
(xii) the original or copy of the power of attorney (with evidence
of
recording thereon) granted by the Borrower if the Mortgage, Note or
other
document or instrument referred to above was not signed by the
Borrower;
(xiii) with respect to any debt of a Borrower permitted under the
related Mortgage Loan, an original or copy of a subordination
agreement,
standstill agreement or other intercreditor, co-lender or similar
agreement
relating to such other debt, if any, including any mezzanine loan
documents
or preferred equity documents;
(xiv) with respect to any Cash Collateral Accounts and Lock-Box
Accounts, an original or copy of any related account control
agreement;
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(xv) an original or copy of any related Loan Agreement (if separate
from the related Mortgage), and an original or copy of any related
Lock-Box
Agreement or Cash Collateral Account Agreement (if separate from
the
related Mortgage and Loan Agreement);
(xvi) the originals and copies of letters of credit, if any,
relating
to the Mortgage Loans and amendments thereto which entitles the
Trust to
draw thereon; provided that in connection with the delivery of the
Mortgage
File to the Trust, such originals shall be delivered to the Master
Servicer
and copies thereof shall be delivered to the Trustee;
(xvii) any related environmental insurance policies and any
environmental guarantees or indemnity agreements or copies thereof;
(xviii) the original or a copy of the ground lease and ground lease
estoppels, if any, and of any amendments, modifications or
extensions
thereto, if any;
(xix) the original or copy of any property management agreement;
(xx) without duplication with clause (xiii) above, a copy of the
mortgage note evidencing the related Junior Loan, if any;
(xxi) copies of franchise agreements and franchisor comfort
letters,
if any, for hospitality properties; and
(xxii) a checklist of the related Mortgage Loan Documents included
in
the subject Mortgage File;
Notwithstanding the foregoing, in the event that, in connection
with any
Mortgage Loan, Seller cannot deliver, or cause to be delivered, an
original,
counterpart or certified copy, as applicable, of any of the
documents and/or
instruments required to be delivered pursuant to clauses (ii)
(relating to
Mortgages), (iv) (relating to Assignments of Leases), (viii)
(relating to
assumption agreements, modifications, written assurance agreements
and
substitution agreements), (xi) (relating to UCC Financing
Statements and related
documents)(other than assignments of UCC Financing Statements to be
recorded or
filed in accordance with the transfer contemplated by this
Agreement) and (xii)
(relating to powers of attorney) of the last sentence of the first
paragraph of
this Section 3, with evidence of recording or filing thereon on the
Closing
Date, solely because of a delay caused by the public recording or
filing office
where such document or instrument has been delivered for
recordation or filing,
the delivery requirements of such last sentence of such first
paragraph of this
Section 3 should be deemed to have been satisfied and such
non-delivered
document or instrument shall be deemed to have been included in the
Mortgage
File; provided that Seller: (i) shall deliver, or cause to be
delivered, to the
Trustee or its designee and the Master Servicer a duplicate
original or true
copy of such document or instrument (certified by the applicable
public
recording or filing office, the applicable title insurance company
or Seller to
be a true and complete duplicate original or photocopy of the
original thereof
submitted for recording or filing) on the Closing Date; and (ii)
shall deliver,
or cause to be delivered, to the Trustee or its designee (with a
copy thereof to
the Master Servicer) either the original of such non-delivered
document or
instrument, or a photocopy thereof (certified by the appropriate
public
recording or filing office to be a true and complete copy of the
original
thereof submitted for recording or filing), with evidence of
recording or filing
thereon within 120 days of the Closing Date, which period may be
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extended up to two times, in each case for an additional period of
45 days
provided that Seller, as certified in writing to the Trustee prior
to each such
45-day extension, is in good faith attempting to obtain from the
appropriate
county recorder's office such original or photocopy.
Notwithstanding the foregoing, in the event that, in connection
with any
Mortgage Loan, Seller cannot deliver, or cause to be delivered, an
original,
counterpart or certified copy, as applicable, of any of the
documents and/or
instruments required to be delivered pursuant to clauses (ii)
(relating to
Mortgages), (iv) (relating to Assigments of Leases), (viii)
(relating to
assumption agreements, modifications, written assurance agreements
and
substitution agreements), (xi) (relating to UCC Financing
Statements and related
documents) (other than assignments of UCC Financing Statements to
be recorded or
filed in accordance with the transfer contemplated by this
Agreement) and (xii)
(relating to powers of attorney) of the last sentence of the first
paragraph of
this Section 3, with evidence of recording or filing thereon for
any other
reason, including without limitation, that such non-delivered
document or
instrument has been lost, the delivery requirements of this
Agreement shall be
deemed to have been satisfied and such non-delivered document or
instrument
shall be deemed to have been included in the related Mortgage File
if a
photocopy or duplicate original of such non-delivered document or
instrument
(with evidence of recording or filing thereon and certified by the
appropriate
recording or filing office to be a true and complete copy of the
original
thereof as filed or recorded) is delivered to the Trustee or its
designee on or
before the Closing Date.
Notwithstanding the foregoing, in the event that Seller fails, as
to any
Mortgage Loan, to deliver any UCC Financing Statement assignment
with the filing
or recording information of the related UCC Financing Statement,
solely because
such UCC Financing Statement has not been returned to Seller by the
applicable
public filing or recording office where such UCC Financing
Statement has been
delivered for filing or recording, Seller shall not be in breach of
its
obligations with respect to such delivery, provided that Seller
promptly
forwards such UCC Financing Statement to the Trustee or its
designee (with a
copy to the Master Servicer) upon its return from the applicable
filing or
recording office, together with the related original UCC Financing
Statement
assignment in a form appropriate for filing or recording.
Notwithstanding the foregoing, Seller may elect, at its sole cost
and
expense, to engage a third-party contractor to prepare or complete
in proper
form for filing or recording any and all of the assignments of
Mortgage,
assignments of Assignments of Leases and assignments of UCC
Financing Statements
to the Trustee to be delivered pursuant to clauses (iii), (v), and
(xi) of the
last sentence of the first paragraph of this Section 3
(collectively, the
"Assignments"), to submit such Assignments for filing and
recording, as the case
may be, in the applicable public filing and recording offices and
to deliver
such Assignments to the Trustee or its designee (with a copy to the
Master
Servicer) as such Assignments (or certified copies thereof) are
received from
the applicable filing and recording offices with evidence of such
filing or
recording indicated thereon. However, in the event Seller engages a
third-party
contractor as contemplated in the immediately preceding sentence,
the rights,
duties and obligations of Seller pursuant to this Agreement remain
binding on
Seller.
Within ten (10) Business Days after the Closing Date, Seller shall
deliver
the Servicer Files with respect to each of the Mortgage Loans to
the Master
Servicer (or, if applicable, to a Sub-Servicer (with a copy to the
Master
Servicer) at the direction of the Master Servicer), under the
Pooling and
Servicing Agreement on behalf of the Trustee in trust for the
benefit of the
Certificateholders. Each
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such Servicer File shall contain all documents and records in
Seller's
possession relating to the Mortgage Loans and constituting the
related Servicing
Files (as defined in the Pooling and Servicing Agreement).
For purposes of this Section 3, and notwithstanding any contrary
provision
hereof or of the definition of "Mortgage File", if there exists
with respect to
any group of Crossed Loans only one original or certified copy of
any document
or instrument described in the definition of "Mortgage File" which
pertains to
all of the Crossed Loans in such group of Crossed Loans, the
inclusion of the
original or certified copy of such document or instrument in the
Mortgage File
for any of such Crossed Loans and the inclusion of a copy of such
original or
certified copy in each of the Mortgage Files for the other Crossed
Loans in such
group of Crossed Loans, shall be deemed to constitute the inclusion
of such
original or certified copy, as the case may be, in the Mortgage
File for each
such Crossed Loan.
Seller shall, promptly after the Closing Date, but in all events
within
three (3) Business Days after the Closing Date, cause all funds on
deposit in
escrow accounts maintained with respect to the Mortgage Loans in
the name of
Seller or any other name to be transferred to or at the direction
of the Master
Servicer (or, if applicable, to a Sub-Servicer at the direction of
the Master
Servicer).
The Trustee, as assignee or transferee of Depositor, shall be
entitled to
all scheduled principal payments due after the Cut-off Date, all
other payments
of principal due and collected after the Cut-off Date, and all
payments of
interest on the Mortgage Loans, minus that portion of any such
payment which is
allocable to the period on or prior to the Cut-off Date. All
scheduled payments
of principal due on or before the Cut-off Date and collected after
the Cut-off
Date, together with the accompanying interest payments, shall
belong to Seller.
Upon the sale of the Mortgage Loans from Seller to Depositor
pursuant
hereto, the ownership of each Note, the related Mortgage and the
contents of the
related Mortgage File shall be vested in Depositor and the
ownership of all
records and documents that constitute the Servicer File with
respect to the
related Mortgage Loan shall immediately vest in Depositor. All
Monthly Payments,
Principal Prepayments and other amounts received by Seller and not
otherwise
belonging to Seller pursuant to this Agreement shall be sent by
Seller within
three (3) Business Days after Seller's receipt thereof to the
Master Servicer
via wire transfer for deposit by the Master Servicer into the
Collection
Account.
Upon the sale of Certificates representing at least 10% of the fair
value
of all the Certificates to unaffiliated third parties, Seller
shall, under
generally accepted accounting principles ("GAAP"), report its
transfer of the
Mortgage Loans to Depositor, as provided herein, as a sale of the
Mortgage Loans
to Depositor in exchange for the consideration specified in Section
2 hereof. In
connection with the foregoing, upon sale of Certificates
representing at least
10% of the fair value of all the Certificates to unaffiliated third
parties,
Seller shall cause all of its financial and accounting records to
reflect such
transfer as a sale (as opposed to a secured loan). Seller shall at
all times
following the Closing Date cause all of its records and financial
statements and
any relevant consolidated financial statements of any direct or
indirect parent
to clearly reflect that the Mortgage Loans have been transferred to
Depositor
and are no longer available to satisfy claims of Seller's
creditors.
After Seller's transfer of the Mortgage Loans to Depositor, as
provided
herein, Seller shall not take any action inconsistent with
Depositor's ownership
(or the ownership by any of
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Depositor's assignees) of the Mortgage Loans. Except for actions
that are the
express responsibility of another party hereunder or under the
Pooling and
Servicing Agreement, and further except for actions that Seller is
expressly
permitted to complete subsequent to the Closing Date, Seller shall,
on or before
the Closing Date, take all actions required under applicable law to
effectuate
the transfer of the Mortgage Loans by Seller to Depositor.
Section 4. Depositor's Conditions to Closing. The obligations of
Depositor
to purchase the Mortgage Loans and pay the Mortgage Loan Purchase
Price at the
Closing Date under the terms of this Agreement are subject to the
satisfaction
of each of the following conditions at or before the Closing:
(a) Each of the obligations of Seller required to be performed by
it
on or prior to the Closing Date pursuant to the terms of this
Agreement
shall have been duly performed and complied with in all material
respects;
all of the representations and warranties of Seller under this
Agreement
(subject to the exceptions set forth in the Exception Report) shall
be true
and correct in all material respects as of the Closing Date; no
event shall
have occurred with respect to Seller or any of the Mortgage Loans
and
related Mortgage Files which, with notice or the passage of time,
would
constitute a material default under this Agreement; and Depositor
shall
have received certificates to the foregoing effect signed by
authorized
officers of Seller.
(b) Depositor, or if directed by Depositor, the Trustee or
Depositor's
attorneys or other designee, shall have received in escrow, all of
the
following closing documents, in such forms as are agreed upon and
reasonably acceptable to Depositor and Seller, duly executed by all
signatories other than Depositor, as required pursuant to the
respective
terms thereof:
(i) the Mortgage Files, subject to the provisos of Section 1 of
this Agreement, which shall have been delivered to and held by the
Trustee or its designee on behalf of Seller;
(ii) the Mortgage Loan Schedule;
(iii) the certificate of Seller confirming its representations
and warranties set forth in Section 6 (subject to the exceptions
set
forth in the Exception Report) as of the Closing Date;
(iv) an opinion or opinions of Seller's counsel, dated the
Closing Date, covering various corporate matters and such other
matters as shall be reasonably required by Depositor;
(v) such other certificates of Seller's officers or others and
such other documents to evidence fulfillment of the conditions set
forth in this Agreement as Depositor or its counsel may reasonably
request; and
(vi) all other information, documents, certificates, or letters
with respect to the Mortgage Loans or Seller and its Affiliates as
are
reasonably requested by Depositor in order for Depositor to perform
any of it obligations or satisfy any of the conditions on its part
to
be performed or satisfied pursuant to any sale of Mortgage Loans by
Depositor as contemplated herein.
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(c) Seller shall have performed or complied with all other terms
and
conditions of this Agreement which it is required to perform or
comply with
at or before the Closing and shall have the ability to perform or
comply
with all duties, obligations, provisions and terms which it is
required to
perform or comply with after the Closing.
(d) Seller shall have delivered to the Trustee, on or before the
Closing Date, five limited powers of attorney in favor of the
Trustee and
Special Servicer empowering the Trustee and, in the event of the
failure or
incapacity of the Trustee, the Special Servicer, to record, at the
expense
of Seller, any Mortgage Loan Documents required to be recorded and
any
intervening assignments with evidence of recording thereon that are
required to be included in the Mortgage Files. Seller shall
reasonably
cooperate with the Trustee and the Special Servicer in connection
with any
additional powers or revisions thereto that are requested by such
parties.
Section 5. Seller's Conditions to Closing. The obligations of
Seller under
this Agreement shall be subject to the satisfaction, on the Closing
Date, of the
following conditions:
(a) Each of the obligations of Depositor required to be performed
by
it on or prior to the Closing Date pursuant to the terms of this
Agreement
shall have been duly performed and complied with in all material
respects;
and all of the representations and warranties of Depositor under
this
Agreement shall be true and correct in all material respects as of
the
Closing Date; and no event shall have occurred with respect to
Depositor
which, with notice or the passage of time, would constitute a
material
default under this Agreement, and Seller shall have received
certificates
to that effect signed by authorized officers of Depositor.
(b) Seller shall have received all of the following closing
documents,
in such forms as are agreed upon and reasonably acceptable to
Seller and
Depositor, duly executed by all signatories other than Seller, as
required
pursuant to the respective terms thereof:
(i) an officer's certificate of Depositor, dated as of the
Closing Date, with the resolutions of Depositor authorizing the
transactions set forth therein, together with copies of the
charter,
by-laws and certificate of good standing dated as of a recent date
of
Depositor; and
(ii) such other certificates of its officers or others, such
opinions of Depositor's counsel and such other documents required
to
evidence fulfillment of the conditions set forth in this Agreement
as
Seller or its counsel may reasonably request.
(c) Depositor shall have performed or complied with all other terms
and conditions of this Agreement which it is required to perform or
comply
with at or before the Closing and shall have the ability to perform
or
comply with all duties, obligations, provisions and terms which it
is
required to perform or comply with after Closing.
Section 6. Representations and Warranties of Seller.
Seller represents and warrants to Depositor as of the date hereof,
as
follows:
(i) Seller is duly organized and is validly existing as a
corporation
in good standing under the laws of the State of Delaware. Seller
has
conducted and is conducting its
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business so as to comply in all material respects with all
applicable
statutes and regulations of regulatory bodies or agencies having
jurisdiction over it, except where the failure so to comply would
not have
a materially adverse effect on the performance by Seller of this
Agreement,
and there is no charge, action, suit or proceeding before or by any
court,
regulatory authority or governmental agency or body pending or, to
the
knowledge of Seller, threatened, which is reasonably likely to
materially
and adversely affect the performance by Seller of this Agreement or
the
consummation of transactions contemplated by this Agreement.
(ii) Seller has the full power, authority and legal right to hold,
transfer and convey the Mortgage Loans and to execute and deliver
this
Agreement (and all agreements and documents executed and delivered
by
Seller in connection herewith) and to perform all transactions of
Seller
contemplated by this Agreement (and all agreements and documents
executed
and delivered by Seller in connection herewith). Seller has duly
authorized
the execution, delivery and performance of this Agreement (and all
agreements and documents executed and delivered by Seller in
connection
herewith), and has duly executed and delivered this Agreement (and
all
agreements and documents executed and delivered by Seller in
connection
herewith). This Agreement (and each agreement and document executed
and
delivered by Seller in connection herewith), assuming due
authorization,
execution and delivery thereof by each other party thereto,
constitutes the
legal, valid and binding obligation of Seller enforceable in
accordance
with its terms, except as such enforcement may be limited by
bankruptcy,
fraudulent transfer, insolvency, reorganization, receivership,
moratorium
or other laws relating to or affecting the rights of creditors
generally,
by general principles of equity (regardless of whether such
enforcement is
considered in a proceeding in equity or at law) and by
considerations of
public policy.
(iii) Neither the execution, delivery and performance of this
Agreement, nor the fulfillment of or compliance with the terms and
conditions of this Agreement by Seller, will (A) conflict with or
result in
a breach of any of the terms, conditions or provisions of Seller's
articles
or certificate of incorporation and bylaws or similar type
organizational
documents, as applicable; (B) conflict with, result in a breach of,
or
constitute a default or result in an acceleration under, any
agreement or
instrument to which Seller is now a party or by which it (or any of
its
properties) is bound if compliance therewith is necessary (1) to
ensure the
enforceability of this Agreement or (2) for Seller to perform its
duties
and obligations under this Agreement (or any agreement or document
executed
and delivered by Seller in connection herewith); (C) conflict with
or
result in a breach of any legal restriction if compliance therewith
is
necessary (1) to ensure the enforceability of this Agreement or (2)
for
Seller to perform its duties and obligations under this Agreement
(or any
agreement or document executed and delivered by Seller in
connection
herewith); (D) result in the violation of any law, rule,
regulation, order,
judgment or decree to which Seller or its property is subject if
compliance
therewith is necessary (1) to ensure the enforceability of this
Agreement
or (2) for Seller to perform its duties and obligations under this
Agreement (or any agreement or document executed and delivered by
Seller in
connection herewith); or (E) result in the creation or imposition
of any
lien, charge or encumbrance that would have a material adverse
effect upon
Seller's ability to perform its duties and obligations under this
Agreement
(or any agreement or document executed and delivered by Seller in
connection herewith), or materially impair the ability of Depositor
to
realize on the Mortgage Loans.
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(iv) Seller is solvent and the sale of the Mortgage Loans (1) will
not
cause Seller to become insolvent and (2) is not intended by Seller
to
hinder, delay or defraud any of its present or future creditors.
After
giving effect to its transfer of the Mortgage Loans, as provided
herein,
the value of Seller's assets, either taken at their present fair
saleable
value or at fair valuation, will exceed the amount of Seller's
debts and
obligations, including contingent and unliquidated debts and
obligations of
Seller, and Seller will not be left with unreasonably small assets
or
capital with which to engage in and conduct its business. Seller
does not
intend to, and does not believe that it will, incur debts or
obligations
beyond its ability to pay such debts and obligations as they
mature. No
proceedings looking toward liquidation, dissolution or bankruptcy
of Seller
are pending or contemplated.
(v) No consent, approval, authorization or order of, or
registration
or filing with, or notice to, any court or governmental agency or
body
having jurisdiction or regulatory authority over Seller is required
for (A)
Seller's execution, delivery and performance of this Agreement (or
any
agreement or document executed and delivered by Seller in
connection
herewith), (B) Seller's transfer and assignment of the Mortgage
Loans, or
(C) the consummation by Seller of the transactions contemplated by
this
Agreement (or any agreement or document executed and delivered by
Seller in
connection herewith) or, to the extent so required, such consent,
approval,
authorization, order, registration, filing or notice has been
obtained,
made or given (as applicable), except for the filing or recording
of
assignments and other Mortgage Loan Documents contemplated by the
terms of
this Agreement and except that Seller may not be duly qualified to
transact
business as a foreign corporation or licensed in one or more states
if such
qualification or licensing is not necessary to ensure the
enforceability of
this Agreement (or any agreement or document executed and delivered
by
Seller in connection herewith).
(vi) In connection with its sale of the Mortgage Loans, Seller is
receiving new value. The consideration received by Seller upon the
sale of
the Mortgage Loans constitutes at least fair consideration and
reasonably
equivalent value for the Mortgage Loans.
(vii) Seller does not believe, nor does it have any reason or cause
to
believe, that it cannot perform each and every covenant of Seller
contained
in this Agreement (or any agreement or document executed and
delivered by
Seller in connection herewith).
(viii) There are no actions, suits or proceedings pending or, to
Seller's knowledge, threatened in writing against Seller which are
reasonably likely to draw into question the validity of this
Agreement (or
any agreement or document executed and delivered by Seller in
connection
herewith) or which, either in any one instance or in the aggregate,
are
reasonably likely to materially impair the ability of Seller to
perform its
duties and obligations under this Agreement (or any agreement or
document
executed and delivered by Seller in connection herewith).
(ix) Seller's performance of its duties and obligations under this
Agreement (and each agreement or document executed and delivered by
Seller
in connection herewith) is in the ordinary course of business of
Seller and
Seller's transfer, assignment and conveyance of the Mortgage Loans
pursuant
to this Agreement are not subject to the bulk transfer or similar
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statutory provisions in effect in any applicable jurisdiction. The
Mortgage
Loans do not constitute all or substantially all of Seller's
assets.
(x) Seller has not dealt with any Person that may be entitled, by
reason of any act or omission of Seller, to any commission or
compensation
in connection with the sale of the Mortgage Loans to Depositor
hereunder
except for (A) the reimbursement of expenses as described herein or
otherwise in connection with the transactions described in Section
2 hereof
and (B) the commissions or compensation owed to the Underwriters or
the
Initial Purchaser.
(xi) Seller is not in default or breach of any agreement or
instrument
to which Seller is now a party or by which it (or any of its
properties) is
bound which breach or default would materially and adversely affect
the
ability of Seller to perform its obligations under this Agreement.
(xii) The representations and warranties contained in Exhibit A
hereto, subject to the exceptions to such representations and
warranties
set forth on Schedule V hereto, are true and correct in all
material
respects as of the date hereof with respect to the Mortgage Loans
identified on Schedule II.
Section 7. Obligations of Seller. Each of the representations and
warranties contained in or required to be made by Seller pursuant
to Section 6
of this Agreement shall survive the sale of the Mortgage Loans and
shall
continue in full force and effect, notwithstanding any restrictive
or qualified
endorsement on the Notes and notwithstanding subsequent termination
of this
Agreement or the Pooling and Servicing Agreement. The
representations and
warranties contained in or required to be made by Seller pursuant
to Section 6
of this Agreement shall not be impaired by any review or
examination of the
Mortgage Files or other documents evidencing or relating to the
Mortgage Loans
or any failure on the part of Depositor to review or examine such
documents and
shall inure to the benefit of the initial transferee of the
Mortgage Loans from
Depositor including, without limitation, the Trustee for the
benefit of the
Holders of the Certificates, notwithstanding (1) any restrictive or
qualified
endorsement on any Note, assignment of Mortgage or reassignment of
Assignment of
Leases or (2) any termination of this Agreement prior to the
Closing, but shall
not inure to the benefit of any subsequent transferee thereafter.
If any Certificateholder, the Master Servicer, the Special Servicer
or the
Trustee discovers or receives notice of a breach of any of the
representations
or warranties made by Seller with respect to the Mortgage Loans
(subject to the
exceptions to such representations and warranties set forth in the
Exception
Report), as of the date hereof in Section 6(xii) or as of the
Closing Date
pursuant to Section 4(b)(iii) (in any such case, a "Breach"), or
discovers or
receives notice that (a) any document required to be included in
the Mortgage
File related to any Mortgage Loan is not in the Trustee's (or its
designee's)
possession within the time period required herein or (b) such
document has not
been properly executed or is otherwise defective on its face
(clause (a) and
clause (b) each, a "Defect" (which term shall include the "Defects"
described in
the immediately following paragraph) in the related Mortgage File),
such party
shall give notice to the Master Servicer, the Special Servicer, the
Trustee and
the Rating Agencies. If the Master Servicer or the Special Servicer
determines
that such Breach or Defect materially and adversely affects the
value of any
Mortgage Loan or REO Loan or the interests of the Holders of any
Class of
Certificates (in which case such Breach or Defect shall be a
"Material Breach"
or a "Material
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Defect", as applicable), it shall give prompt written notice of
such Breach or
Defect to the Depositor, the Trustee, the Master Servicer, the
Special Servicer
and the Seller and shall request that the Seller not later than the
earlier of
90 days from the receipt by the Seller of such notice or discovery
by the Seller
of such Breach or Defect (subject to the second succeeding
paragraph, the
"Initial Resolution Period"): (i) cure such Breach or Defect in all
material
respects; (ii) repurchase the affected Mortgage Loan at the
applicable Purchase
Price (as defined in the Pooling and Servicing Agreement); or (iii)
substitute,
in accordance with the Pooling and Servicing Agreement, one or more
Qualified
Substitute Mortgage Loans (as defined in the Pooling and Servicing
Agreement)
for such affected Mortgage Loan (provided that in no event shall
any
substitution occur later than the second anniversary of the Closing
Date) and
pay the Master Servicer for deposit into the Collection Account any
Substitution
Shortfall Amount (as defined in the Pooling and Servicing
Agreement) in
connection therewith; provided, however, that Seller shall have an
additional 90
days to cure such Material Breach or Material Defect if all of the
following
conditions are satisfied: (i) such Material Breach or Material
Defect is capable
of being cured but not within the Initial Resolution Period; (ii)
such Material
Breach or Material Defect does not cause the related Mortgage Loan
not to be a
"qualified mortgage" (within the meaning of Section 860G(a)(3) of
the Code);
(iii) Seller has commenced and is diligently proceeding with the
cure of such
Material Breach or Material Defect within the Initial Resolution
Period; and
(iv) Seller has delivered to the Rating Agencies, the Master
Servicer, the
Special Servicer and the Trustee an Officer's Certificate that
describes the
reasons that the cure was not effected within the Initial
Resolution Period and
the actions that it proposes to take to effect the cure and that
states that it
anticipates the cure will be effected within the additional 90-day
period. If
there exists a Breach of any representation or warranty that the
related
Mortgage Loan Documents or any particular Mortgage Loan Document
requires the
related Borrower to bear the costs and expenses associated with any
particular
action or matter under such Mortgage Loan Document(s), then Seller
shall cure
such Breach within the Initial Resolution Period by reimbursing the
Trust Fund
(by wire transfer of immediately available funds to the Collection
Account) the
reasonable amount of any such costs and expenses incurred by the
Master
Servicer, the Special Servicer, the Trustee or the Trust Fund that
are the basis
of such Breach and have not been reimbursed by the related
Borrower; provided,
however, that in the event any such costs and expenses exceed
$10,000, Seller
shall have the option to either repurchase the related Mortgage
Loan at the
applicable Purchase Price, replace such Mortgage Loan and pay any
applicable
Substitution Shortfall Amount or pay such costs and expenses.
Except as provided
in the proviso to the immediately preceding sentence, Seller shall
remit the
amount of such costs and expenses and upon its making such
remittance, Seller
shall be deemed to have cured such Breach in all respects. With
respect to any
repurchase of a Mortgage Loan hereunder or any substitution of one
or more
Qualified Substitute Mortgage Loans for a Mortgage Loan hereunder,
(A) no such
substitution may be made in any calendar month after the
Determination Date for
such month; (B) scheduled payments of principal and interest due
with respect to
the Qualified Substitute Mortgage Loan(s) after the Due Date in the
month of
substitution, and scheduled payments of principal and interest due
with respect
to each Mortgage Loan being repurchased or replaced after the
related Cut-off
Date and received by the Master Servicer or the Special Servicer on
behalf of
the Trust on or prior to the related date of repurchase or
substitution, shall
be part of the Trust Fund; and (C) scheduled payments of principal
and interest
due with respect to each such Qualified Substitute Mortgage Loan on
or prior to
the Due Date in the month of substitution, and scheduled payments
of principal
and interest due with respect to each Mortgage Loan being
repurchased or
replaced and received by the Master Servicer or the Special
Servicer on behalf
of the Trust after the related date of repurchase or substitution,
shall not be
part of the Trust Fund, and Seller (or, if applicable, any person
effecting the
related
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repurchase or substitution in the place of Seller) shall be
entitled to receive
such payments promptly following receipt by the Master Servicer or
the Special
Servicer, as applicable, under the Pooling and Servicing Agreement.
Any breach
of the representation contained in paragraph (x), paragraph (xiii),
paragraph
(lix) or paragraph (lx) of Exhibit A with respect to Mortgage Loan
No. 2 (known
as Pacific Design Center) shall be deemed to be a Material Breach
per se. With
respect to a breach of such representations and warranties there
shall be no
extension beyond the Initial Resolution Period for the cure of such
breach or
repurchase of such Mortgage Loan and provided further that with
respect to a
breach of the representation made in the last statement made in
paragraph (x) of
Exhibit A, the representation made in paragraph (lix) of Exhibit A
and the
representation made in paragraph (lx) of Exhibit A, the Seller
shall be required
to repurchase such Mortgage Loan within the Initial Resolution
Period. A
representation in the last statement made in paragraph (x) of
Exhibit A, the
last statement made in paragraph (xiii) of Exhibit A, paragraph
(lix) of Exhibit
A or paragraph (lx) of Exhibit A with respect to Mortgage Loan No.
2 (known as
Pacific Design Center) that a result will not occur means a
representation that
the result could notpossibly occur in the future, but the
representation will be
considered to be breached if and when the result does occur.
Any of the following will cause a document in the Mortgage File to
be
deemed to have a "Material Defect": (a) the absence from the
Mortgage File of
the original signed Note, unless the Mortgage File contains a
signed lost note
affidavit and indemnity; (b) the absence from the Mortgage File of
the original
signed Mortgage, unless there is included in the Mortgage File a
certified copy
of the Mortgage as recorded or as sent for recordation, together
with a
certificate stating that the original signed Mortgage was sent for
recordation,
or a copy of the Mortgage and the related recording information;
(c) the absence
from the Mortgage File of the item called for by clause (ix)
(relating to
evidence of title insurance) of the last sentence of the first
paragraph of
Section 3 hereof; (d) the absence from the Mortgage File of any
intervening
assignments required to create an effective assignment to the
Trustee on behalf
of the Trust, unless there is included in the Mortgage File a
certified copy of
the intervening assignment as recorded or as sent for recordation,
together with
a certificate stating that the original intervening assignment was
sent for
recordation; (e) the absence from the Mortgage File (or the
Servicer File) of
any required original letter of credit (as required in the provisos
of Section 1
hereof), provided that such Defect may be cured by any substitute
letter of
credit or cash reserve on behalf of the related Borrower; (f) the
absence from
the Mortgage File of the original or a copy of any required ground
lease; or (g)
solely in the case of a Mortgage Loan secured by a Mortgaged
Property operated
as a hospitality property, the absence from the Mortgage File of
the related
franchise agreement and/or franchisor comfort letter. In addition,
Seller shall
cure any Defect described in clause (b), (c), (e) or (f) of the
immediately
preceding sentence as required in Section 2.02(b) of the Pooling
and Servicing
Agreement.
Any Defect or Breach which causes any Mortgage Loan not to be a
"qualified
mortgage" (within the meaning of Section 860G(a)(3) of the Code)
shall be deemed
a "Material Defect" or "Material Breach", as applicable, and the
Initial
Resolution Period for the affected Mortgage Loan shall be 90 days
following the
earlier of Seller's receipt of notice (pursuant to this Section 7)
with respect
to, or its discovery of, such Defect or Breach (which period shall
not be
subject to extension).
If Seller does not, as required by this Section 7, correct or cure
a
Material Breach or a Material Defect in all material respects
within the
applicable Initial Resolution Period (as extended pursuant to this
Section 7),
or if such Material Breach or Material Defect is not capable of
being so
corrected or cured within such period, then Seller shall repurchase
or
substitute for the affected
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Mortgage Loan as provided in this Section 7. If (i) any Mortgage
Loan is
required to be repurchased or substituted for as provided above,
(ii) such
Mortgage Loan is a Crossed Loan that is a part of a Crossed Group
(as defined
below) and (iii) the applicable Breach or Defect does not otherwise
constitute a
Breach or Defect, as the case may be, as to any other Crossed Loan
in such
Crossed Group (without regard to this paragraph), then the
applicable Breach or
Defect, as the case may be, will be deemed to constitute a Breach
or Defect, as
the case may be, as to any other Crossed Loan in the Crossed Group
for purposes
of the above provisions, and Seller will be required to repurchase
or substitute
for such other Crossed Loan(s) in the related Crossed Group in
accordance with
the provisions of this Section 7 unless such other Crossed Loans
satisfy the
Crossed Loan Repurchase Criteria (as defined in the Pooling and
Servicing
Agreement) and Seller can satisfy all other criteria for
substitution or
repurchase of the affected Mortgage Loan(s) set forth in the
Pooling and
Servicing Agreement. In the event that one or more of such other
Crossed Loans
satisfy the Crossed Loan Repurchase Criteria, Seller may elect
either to
repurchase or substitute for only the affected Crossed Loan as to
which the
related Breach or Defect exists or to repurchase or substitute for
all of the
Crossed Loans in the related Crossed Group. Seller shall be
responsible for the
cost of any Appraisal required to be obtained by the Master
Servicer to
determine if the Crossed Loan Repurchase Criteria have been
satisfied, so long
as the scope and cost of such Appraisal have been approved by
Seller (such
approval not to be unreasonably withheld). For purposes of this
paragraph, a
"Crossed Group" is any group of Mortgage Loans identified as a
Crossed Group on
Schedule III to this Agreement.
Notwithstanding the foregoing, if there is a Material Breach or
Material
Defect with respect to one or more Mortgaged Properties (but not
all of the
Mortgaged Properties) with respect to a Mortgage Loan, Seller will
not be
obligated to repurchase or substitute for the Mortgage Loan if the
affected
Mortgaged Property may be released pursuant to the terms of any
partial release
provisions in the related Mortgage Loan Documents and the remaining
Mortgaged
Property(ies) satisfy the requirements, if any, set forth in the
Mortgage Loan
Documents and (i) Seller provides an opinion of counsel to the
effect that such
partial release would not cause an Adverse REMIC Event (as defined
in the
Pooling and Servicing Agreement) to occur, (ii) Seller pays (or
causes to be
paid) the applicable release price required under the Mortgage Loan
Documents
and, to the extent not reimbursable out of the release price
pursuant to the
related Mortgage Loan Documents, any additional amounts necessary
to cover all
reasonable out-of-pocket expenses reasonably incurred by the Master
Servicer,
the Special Servicer, the Trustee or the Trust Fund in connection
therewith,
including any unreimbursed advances and interest thereon made with
respect to
the Mortgaged Property that is being released,and (iii) such cure
by release of
such Mortgaged Property is effected within the time periods
specified for a cure
of a Material Breach or Material Defect in this Section 7.
The Purchase Price or Substitution Shortfall Amount for any
repurchased or
substituted Mortgage Loan shall be payable to Depositor or,
subsequent to the
assignment of the Mortgage Loans to the Trustee, the Trustee as its
assignee, by
wire transfer of immediately available funds to the account
designated by
Depositor or the Trustee, as the case may be, and Depositor or the
Trustee, as
the case may be, upon receipt of such funds, shall promptly release
the related
Mortgage File and Servicer File or cause them to be released, to
Seller and
shall execute and deliver such instruments of transfer or
assignment as shall be
necessary to vest in Seller the legal and beneficial ownership of
such Mortgage
Loan (including any property acquired in respect thereof or
proceeds of any
insurance policy with respect thereto) and the related Mortgage
Loan Documents.
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It is understood and agreed that the obligations of Seller set
forth in
this Section 7 to cure, substitute for or repurchase a Mortgage
Loan constitute
the sole remedies available to Depositor and its successors and
assigns
respecting any Breach or Defect affecting a Mortgage Loan.
Section 8. Crossed Loans. With respect to any Crossed Loan conveyed
hereunder, to the extent that Seller repurchases or substitutes for
an affected
Crossed Loan in the manner prescribed above while the Trustee
continues to hold
any related Crossed Loans, Seller and Depositor (on behalf of its
successors and
assigns) agree to modify, upon such repurchase or substitution, the
related
Mortgage Loan Documents in a manner such that such affected Crossed
Loan
repurchased or substituted by Seller, on the one hand, and any
related Crossed
Loans still held by the Trustee, on the other, would no longer be
cross-defaulted or cross-collateralized with one another; provided
that Seller
shall have furnished the Trustee, at Seller's expense, with an
Opinion of
Counsel that such modification shall not cause an Adverse REMIC
Event; and
provided, further, that if such Opinion of Counsel cannot be
furnished, Seller
and Depositor hereby agree that such repurchase or substitution of
only the
affected Crossed Loans, notwithstanding anything to the contrary
herein, shall
not be permitted. Any reserve or other cash collateral or letters
of credit
securing the subject Crossed Loans shall be allocated between such
Mortgage
Loans in accordance with the Mortgage Loan Documents. All other
terms of such
Mortgage Loans shall remain in full force and effect, without any
modification
thereof.
Section 9. Representations and Warranties of Depositor. Depositor
hereby
represents and warrants to Seller as of the date hereof, as
follows:
(a) Depositor is duly organized and is validly existing as a
corporation in good standing under the laws of the State of
Delaware, with
full corporate power and authority to own its assets and conduct
its
business as it is conducted, and is duly qualified as a foreign
corporation
in good standing in all jurisdictions in which the ownership or
lease of
its property or the conduct of its business requires such
qualification
(except where the failure to qualify would not have a materially
adverse
effect on the consummation of any transactions contemplated by this
Agreement).
(b) The execution and delivery by Depositor of this Agreement and
the
performance of Depositor's obligations hereunder are within the
corporate
power of Depositor and have been duly authorized by Depositor and
neither
the execution and delivery by Depositor of this Agreement nor the
compliance by Depositor with the provisions hereof, nor the
consummation by
Depositor of the transactions contemplated by this Agreement, will
(i)
conflict with or result in a breach of, or constitute a default
under, the
certificate of incorporation or by-laws of Depositor or, after
giving
effect to the consents or taking of the actions contemplated by
clause (ii)
of this paragraph (b), any of the provisions of any law,
governmental rule,
regulation, judgment, decree or order binding on Depositor or its
properties, or any of the provisions of any material indenture or
mortgage
or any other material contract or other instrument to which
Depositor is a
party or by which it is bound or result in the creation or
imposition of
any lien, charge or encumbrance upon any of its properties pursuant
to the
terms of any such indenture, mortgage, contract or other instrument
or (ii)
require any consent of, notice to, or filing with any person,
entity or
governmental body, which has not been obtained or made by
Depositor, except
where, in any of the instances contemplated by clause (i) above or
this
clause (ii), the failure to
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do so will not have a material and adverse effect on the
consummation of
any transactions contemplated by this Agreement.
(c) This Agreement has been duly executed and delivered by
Depositor
and this Agreement constitutes a legal, valid and binding
instrument,
enforceable against Depositor in accordance with its terms,
subject, as to
the enforcement of remedies, to applicable bankruptcy,
reorganization,
insolvency, moratorium and other laws affecting the rights of
creditors
generally and to general principles of equity and the discretion of
the
court (regardless of whether enforcement of such remedies is
considered in
a proceeding in equity or at law) and, as to rights of
indemnification
hereunder, subject to limitations of public policy under applicable
securities laws.
(d) There is no litigation, charge, investigation, action, suit or
proceeding by or before any court, regulatory authority or
governmental
agency or body pending or, to the knowledge of Depositor,
threatened
against Depositor the outcome of which could be reasonably expected
to
materially and adversely affect the consummation of any
transactions
contemplated by this Agreement.
Section 10. Survival of Certain Representations, Warranties and
Covenants.
The respective representations and warranties set forth in or made
pursuant to
this Agreement, and the respective obligations of the parties
hereto under
Sections 7 and 12 of this Agreement, will remain in full force and
effect,
regardless of any investigation or statement as to the result
thereof made by or
on behalf of any party and will survive payment for the various
transfers
referred to herein and delivery of the Certificates or termination
of this
Agreement.
Section 11. [Reserved].
Section 12. Recording Costs and Expenses. Seller agrees to
reimburse the
Trustee or its designee all recording and filing fees and expenses
incurred by
the Trustee or its designee in connection with the recording or
filing of the
Mortgage Loan Documents listed in Section 3 of this Agreement,
including
Assignments. In the event Seller elects to engage a third-party
contractor to
prepare, complete, file and record Assignments with respect to
Mortgage Loans as
provided in Section 3 of this Agreement, Seller shall contract
directly with
such contractor and shall be responsible for such contractor's
compensation and
reimbursement of recording and filing fees and other reimbursable
expenses
pursuant to their agreement.
Section 13. Notices. All demands, notices and communications
hereunder
shall be in writing and effective only upon receipt, and, (a) if
sent to
Depositor, will be mailed, delivered or telecopied and confirmed to
it at Credit
Suisse First Boston Mortgage Securities Corp., 11 Madison Avenue,
5th Floor, New
York, New York 10010, Attention: Edmund Taylor, Telecopy No.: (212)
743-4756
(with a copy to Tessa Peters, Telecopy No.: (212) 325-8282), or
such other
address or telecopy number as may be designated by Depositor to
Seller in
writing, or (b) if sent to Seller, will be mailed, delivered or
telecopied and
confirmed to it at 3414 Peachtree Road, N.E., Suite 1140, Atlanta,
Georgia
30326, Attention: Robert Barnes, Telecopy No.: (404) 261-5879, or
such other
address or telecopy number as may be designated by Seller to
Depositor in
writing.
-17-
Section 14. Examination of Mortgage Files. Upon reasonable notice,
Seller,
prior to the Closing Date, will make the Mortgage Files available
to Depositor
or its agent for examination during normal business hours at
Seller's offices or
such other location as shall otherwise be agreed upon by Depositor
and Seller.
The fact that Depositor or its agent has conducted or has failed to
conduct any
partial or complete examination of the Mortgage Files shall not
affect the
rights of Depositor or the Trustee (for the benefit of the
Certificateholders)
to demand cure, repurchase, or other relief as provided herein.
Section 15. Successors. This Agreement shall inure to the benefit
of and
shall be binding upon Seller and Depositor and their respective
successors and
permitted assigns, and nothing expressed in this Agreement is
intended or shall
be construed to give any other Person any legal or equitable right,
remedy or
claim under or in respect of this Agreement, or any provisions
herein contained,
this Agreement and all conditions and provisions hereof being
intended to be and
being for the sole and exclusive benefit of Seller and Depositor
and their
respective successors and permitted assigns and for the benefit of
no other
Person; it being understood that (a) the indemnities of Seller
contained in that
certain Indemnification Agreement dated August 11, 2004, among
Seller,
Depositor, the Initial Purchaser and the Underwriters, relating to,
among other
things, information regarding the Mortgage Loans in the Prospectus
Supplement
and the Offering Circular, subject to all limitations therein
contained, shall
also be for the benefit of the officers and directors of Depositor,
the
Underwriters and the Initial Purchaser and any person or persons
who control
Depositor, the Underwriters and the Initial Purchaser within the
meaning of
Section 15 of the Securities Act or Section 20 of the Securities
Exchange Act of
1934, as amended, and (b) the rights of Depositor pursuant to this
Agreement,
subject to all limitations herein contained, including those set
forth in
Section 7 of this Agreement, may be assigned to the Trustee, for
benefit of the
Certificateholders, as may be required to effect the purposes of
the Pooling and
Servicing Agreement and, upon such assignment, the Trustee shall
succeed to such
rights of Depositor hereunder; provided that the Trustee shall have
no right to
further assign such rights to any other Person. No owner of a
Certificate issued
pursuant to the Pooling and Servicing Agreement shall be deemed a
successor or
permitted assign because of such ownership.
Section 16. Governing Law. THIS AGREEMENT SHALL BE GOVERNED AND
CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS TO
BE MADE AND PERFORMED ENTIRELY WITHIN SUCH STATE WITHOUT GIVING
EFFECT TO CHOICE
OF LAW PRINCIPLES.
Section 17. Severability. If any provision of this Agreement shall
be
prohibited or invalid under applicable law, this Agreement shall be
ineffective
only to such extent, without invalidating the remainder of this
Agreement.
Section 18. Further Assurances. Depositor and Seller agree to
execute and
deliver such instruments and take such actions as the other party
may, from time
to time, reasonably request in order to effectuate the purpose and
to carry out
the terms of this Agreement.
Section 19. Counterparts. This Agreement may be executed in
counterparts
(and by each of the parties hereto on different counterparts), each
of which
when so executed and delivered will be an original, and all of
which together
will be deemed to constitute but one and the same instrument.
-18-
Section 20. Treatment as Security Agreement. It is the express
intent of
the parties hereto that the conveyance of the Mortgage Loans by
Seller to
Depositor as provided in this Agreement be, and be construed as, a
sale of the
Mortgage Loans by Seller to Depositor. It is, further, not the
intention of the
parties that such conveyance be deemed a pledge of the Mortgage
Loans by Seller
to Depositor to secure a debt or other obligation of Seller.
However, in the
event that, notwithstanding the intent of the parties, the Mortgage
Loans are
held to be property of Seller or if for any reason this Agreement
is held or
deemed to create a security interest in the Mortgage Loans:
(a) this Agreement shall hereby create a security agreement within
the
meaning of Articles 8 and 9 of the Uniform Commercial Code in
effect in the
applicable state;
(b) the conveyance provided for in this Agreement shall hereby
grant
from Seller to Depositor a security interest in and to all of
Seller's
right, title, and interest, whether now owned or hereafter
acquired, in and
to:
(i) all accounts, contract rights (including any guarantees),
general intangibles, chattel paper, instruments, documents, money,
deposit accounts, certificates of deposit, goods, letters of
credit,
advices of credit and investment property consisting of, arising
from
or relating to any of the property described in the Mortgage Loans,
including the related Notes, Mortgages and title, hazard and other
insurance policies, identified on the Mortgage Loan Schedule, and
all
distributions with respect thereto payable after the Cut-off Date;
(ii) all accounts, contract rights, general intangibles, chattel
paper, instruments, documents, money, deposit accounts,
certificates
of deposit, goods, letters of credit, advices of credit and
investment
property arising from or by virtue of the disposition of, or
collections with respect to, or insurance proceeds payable with
respect to, or claims against other persons with respect to, all or
any part of the collateral described in clause (i) above (including
any accrued discount realized on liquidation of any investment
purchased at a discount), in each case, payable after the Cut-off
Date; and
(iii) all cash and non-cash proceeds of the collateral described
in clauses (i) and (ii) above payable after the Cut-off Date;
(c) the possession by Depositor or its assignee of the Notes and
such
other goods, letters of credit, advices of credit, instruments,
money,
documents, chattel paper or certificated securities shall be deemed
to be
possession by the secured party or possession by a purchaser or a
person
designated by him or her, for purposes of perfecting the security
interest
pursuant to the Uniform Commercial Code (including, without
limitation,
Sections 9-306, 9-313 and 9-314 thereof) as in force in the
relevant
jurisdiction;
(d) notifications to persons holding such property, and
acknowledgments, receipts, confirmations from persons holding such
property, shall be deemed to be notifications to, or
acknowledgments,
receipts or confirmations from, financial intermediaries, bailees
or agents
of, or persons holding for (as applicable), Depositor or its
assignee for
the purpose of perfecting such security interest under applicable
law; and
-19-
(e) Seller at the direction of Depositor or its assignee, shall, to
the extent consistent with this Agreement, take such actions as may
be
necessary to ensure that, if this Agreement were deemed to create a
security interest in the Mortgage Loans and the proceeds thereof,
such
security interest would be a perfected security interest of first
priority
under applicable law and will be maintained as such throughout the
term of
this Agreement. In connection herewith, Depositor and its assignee
shall
have all of the rights and remedies of a secured party and creditor
under
the Uniform Commercial Code as in force in the relevant
jurisdiction and
may prepare and file such UCC Financing Statements as may be
necessary or
appropriate to accomplish the foregoing.
Section 21. Recordation of Agreement. To the extent permitted by
applicable
law, this Agreement is subject to recordation following the Closing
Date in all
appropriate public offices for real property records in all the
counties or
other comparable jurisdictions in which any or all of the
properties subject to
the Mortgages are situated, and in any other appropriate public
recording office
or elsewhere, such recordation to be effected by Seller at Seller's
expense at
the direction of Depositor accompanied by an Opinion of Counsel to
the effect
that such recordation materially and beneficially affects the
interests of
Depositor.
* * *
-20-
IN WITNESS WHEREOF, the parties hereto have caused this Mortgage
Loan
Purchase Agreement to be duly executed and delivered as the date
first above
written.
COLUMN FINANCIAL, INC.,
as Seller
By:
-------------------------------------
Name:
Title:
CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP.,
as Depositor
By:
--------------------------------------
Name:
Title:
SCHEDULE I
SCHEDULE OF TRANSACTION TERMS
This Schedule of Transaction Terms is appended to and incorporated
by
reference in the Mortgage Loan Purchase Agreement (the
"Agreement"), dated as of
August 11, 2004, between Column Financial, Inc. and Credit Suisse
First Boston
Mortgage Securities Corp. Capitalized terms used herein without
definition have
the meanings given them in or by reference in the Agreement or, if
not defined
in the Agreement, in the Pooling and Servicing Agreement.
"Affiliate" means with respect to any specified Person, any other
Person
controlling or controlled by or under common control with such
specified Person.
"Assignments" shall have the meaning given such term in Section 3
of this
Agreement.
"Borrower" means the borrower under a Mortgage Loan.
"Breach" shall have the meaning given such term in Section 7 of
this
Agreement.
"Certificate Purchase Agreement" means the Certificate Purchase
Agreement,
dated August 11, 2004, among, Column Financial, Inc. (solely with
respect to its
obligations under Section 11 thereof), Depositor and the Initial
Purchaser.
"Certificates" means the Credit Suisse First Boston Mortgage
Securities
Corp., Commercial Mortgage Pass-Through Certificates, Series
2004-C3.
"Closing" shall have the meaning given that term in Section 2 of
this
Agreement.
"Closing Date" means August 25, 2004.
"Closing Statement" means the closing statement dated as of the
Closing
Date and signed by, among others, the parties to this Agreement.
"Code" means the Internal Revenue Code of 1986, as amended.
"Crossed Loan" means any Mortgage Loan which is cross-defaulted and
cross-collateralized with any other Mortgage Loan.
"Crossed Group" shall have the meaning given such term in Section 7
of this
Agreement.
"Cut-off Date" means, individually and collectively, the applicable
Due
Dates for the respective Mortgage Loans occurring in August 2004
or, with
respect to any Mortgage Loan originated in August 2004, the date of
origination
of such Mortgage Loan.
"Defect" shall have the meaning given such term in Section 7 of
this
Agreement.
SCH. I-1
"Depositor" shall have the meaning given such term in the first
sentence of
this Agreement.
"Environmental Report" means the environmental audit report with
respect to
each Mortgaged Property delivered to Seller in connection with the
related
Mortgage, if any.
"Exception Report" means the exceptions with respect to the
representations
and warranties made by Seller as to the Mortgage Loans in Section
6(xii) and
under the written certificate described in Section 4(b)(iii) of
this Agreement,
which exceptions are set forth in Schedule V attached hereto and
made a part
hereof.
"Initial Purchaser" means Credit Suisse First Boston LLC.
"Initial Resolution Period" shall have the meaning given such term
in
Section 7 of this Agreement.
"Loan Agreement" means, with respect to any Mortgage Loan, the loan
agreement, if any, between the related Mortgage Loan Originator and
the related
Borrower, pursuant to which such Mortgage Loan was made.
"Material Breach" shall have the meaning given such term in Section
7 of
this Agreement.
"Material Defect" shall have the meaning given such term in Section
7 of
this Agreement.
"Mortgage File" means, collectively, the documents and instruments
pertaining to a Mortgage Loan required to be included in the
related Mortgage
File pursuant to Section 3 of this Agreement (subject to the first
proviso in
Section 1 of this Agreement).
"Mortgage Loan" and "Mortgage Loans" shall have the respective
meanings
given such terms in Recital II of this Agreement.
"Mortgage Loan Documents" means, collectively, the documents and
instruments pertaining to a Mortgage Loan to be included in either
the related
Mortgage File or the related Servicer File.
"Mortgage Loan Originator" means any institution which originated a
Mortgage Loan for a related Borrower.
"Mortgage Loan Purchase Price" means the amount described in
Section 2 of
this Agreement.
"Mortgage Loan Schedule" shall have the meaning given such term in
Recital
II of this Agreement.
"Offering Circular" means the confidential offering circular dated
August
11, 2004, describing certain classes of the Private Certificates.
SCH. I-2
"Pooling and Servicing Agreement" means the Pooling and Servicing
Agreement
creating the Trust Fund and the interests therein, dated as of
August 1, 2004,
among Depositor, the Master Servicer, the Special Servicer and the
Trustee,
including, without limitation, the exhibits and schedules annexed
thereto.
"Primary Collateral" means with respect to any Crossed Loan, that
portion
of the Mortgaged Property designated as directly securing such
Crossed Loan and
excluding any Mortgaged Property as to which the related lien may
only be
foreclosed upon by exercise of the cross-collateralization
provisions of such
Crossed Loan.
"Private Certificates" means the Certificates that are not Publicly
Offered
Certificates.
"Prospectus" means the Prospectus dated May 14, 2004, that is a
part of
Depositor's registration statement on Form S-3 (File No.
333-116258).
"Prospectus Supplement" means the Prospectus Supplement, dated
August 11,
2004, relating to the Publicly Offered Certificates.
"Publicly Offered Certificates" means the Class A-1, Class A-2,
Class A-3,
Class A-4, Class A-5, Class A-1-A, Class B, Class C and Class D
Certificates.
"Seller" shall have the meaning given such term in the first
sentence of
this Agreement.
"Servicer File" means, collectively, all documents, records and
copies
pertaining to a Mortgage Loan that are required to be included in
the related
Servicer File pursuant to Section 3 (subject to the first proviso
in Section 1).
"Trust Fund" shall have the meaning given such term in Recital II
of this
Agreement.
"Trustee" shall have the meaning given such term in Section 1 of
this
Agreement.
"Underwriters" means Credit Suisse First Boston LLC, PNC Capital
Markets,
Inc. and Goldman, Sachs & Co.
"Underwriting Agreement" means the Underwriting Agreement, dated
August 11,
2004, among Depositor, Column Financial, Inc. (solely with respect
to its
obligations under Section 12 thereof) and the Underwriters.
SCH. I-3
SCHEDULE II
MORTGAGE LOAN SCHEDULE
------------ -------------------------------------
----------------------------------------- ------------------
LOAN NUMBER
PROPERTY NAME
ADDRESS
CITY
------------ -------------------------------------
----------------------------------------- ------------------
157
1485 N. Garfield Apartments
1485 North Garfield Avenue
Pasadena
------------ -------------------------------------
----------------------------------------- ------------------
3
160 West 24th Street
160 West 24th Street and 167 West 23rd
New York
Street
------------ -------------------------------------
----------------------------------------- ------------------
11
275 Park Avenue - The Chocolate
275 Park Avenue
Brooklyn
Factory
------------ -------------------------------------
----------------------------------------- ------------------
20
333 West Fort Street
333-337 West Fort Street
Detroit
------------ -------------------------------------
----------------------------------------- ------------------
51
357 S. Gulph
357 South Gulph Road
King of Prussia
------------ -------------------------------------
----------------------------------------- ------------------
49
509 Vine Street Philadelphia
509 Vine Street
Philadelphia
------------ -------------------------------------
----------------------------------------- ------------------
9
615 Chestnut Street
615 Chestnut Street
Philadelphia
------------ -------------------------------------
----------------------------------------- ------------------
144
649 S. Burnside Ave
649 South Burnside Avenue
Los Angeles
------------ -------------------------------------
----------------------------------------- ------------------
149
AAA Storage
2505 3rd Avenue Place
Longmont
------------ -------------------------------------
----------------------------------------- ------------------
13
Addison at Swift Creek Apartments
4100 Lonas Parkway
Midlothian
------------ -------------------------------------
----------------------------------------- ------------------
69
Addison Court
17940-17960 Military Trail
Boca Raton
------------ -------------------------------------
----------------------------------------- ------------------
159
Amberwoods Apartments
800 Hamsted Street
Fort Worth
------------ -------------------------------------
----------------------------------------- ------------------
110
American Gem
2347 South Sepulveda Boulevard
Los Angeles
------------ -------------------------------------
----------------------------------------- ------------------
96
American Harbor Self - Storage
7227 South R.L. Thornton Freeway
Dallas
------------ -------------------------------------
----------------------------------------- ------------------
128
Baker Square Apartments
1809 Baker Drive
Mesquite
------------ -------------------------------------
----------------------------------------- ------------------
94
Bellfort Plaza Apartments
7035 Bellfort Avenue
Houston
------------ -------------------------------------
----------------------------------------- ------------------
67
Blanco Junction Shopping Center
6901 Blanco Road
Castle Hills
------------ -------------------------------------
----------------------------------------- ------------------
103
Bloomfield Professional Center
43494 Woodward Avenue
Bloomfield Hills
------------ -------------------------------------
----------------------------------------- ------------------
89
Bridgeton Crossing
121 Bridge Town Boulevard
New Bern
------------ -------------------------------------
----------------------------------------- ------------------
166
Broadway Inn Apartments
8477 East Broadway Boulevard
Tucson
------------ -------------------------------------
----------------------------------------- ------------------
118
Bronx Apartments
4459 Matilda Avenue & 3153 Seymou Avenue
Bronx
------------ -------------------------------------
----------------------------------------- ------------------
145
Candle Chase Apartments
6822 South Hulen Street
Fort Worth
------------ -------------------------------------
----------------------------------------- ------------------
22
Canyon Park Heights
21540 30th Drive Southeast
Bothell
------------ -------------------------------------
----------------------------------------- ------------------
70
Cedarfield at Churchland Apartments
4201 Cedar Lane
Portsmouth
------------ -------------------------------------
----------------------------------------- ------------------
140
Cedargate Apartments
32 Cedargate Court
Galion
------------ -------------------------------------
----------------------------------------- ------------------
6
Centerpointe Mall
3545 28th Street Southeast
Grand Rapids
------------ -------------------------------------
----------------------------------------- ------------------
5
Centro Gran Caribe
PR-2, Km. 29.7
Vega Alta
------------ -------------------------------------
----------------------------------------- ------------------
76
Centro Norcross
5720 & 5730 Buford Highway
Norcross
------------ -------------------------------------
----------------------------------------- ------------------
30
Champlain Center South Shopping
19, 57, and 73 Centre Drive
Plattsburgh
Center
------------ -------------------------------------
----------------------------------------- ------------------
135
Chapel Hill Center
1896-1908 Buchholzer Boulevard
Akron
------------ -------------------------------------
----------------------------------------- ------------------
Chehalis Gardens Apartments
Portfolio
------------ -------------------------------------
----------------------------------------- ------------------
43C
Chehalis Manor Apartments
300 South Market Boulevard
Chehalis
------------ -------------------------------------
----------------------------------------- ------------------
43D
Kennewick Garden Court
955 West 5th Avenue
Kennewick
------------ -------------------------------------
----------------------------------------- ------------------
43A
McKinley Terrace
807-809 East Wright Avenue
Tacoma
------------ -------------------------------------
----------------------------------------- ------------------
43B
Meadow Park Garden Court
5712 Hannah Pierce Road West
University Place
------------ -------------------------------------
----------------------------------------- ------------------
28
Cold Spring Crossing
355 Crossroads Boulevard
Cold Spring
------------ -------------------------------------
----------------------------------------- ------------------
------------
---------- --------- ----------- ----------- -----------------
NET
MORTGAGE
MORTGAGE
ORIGINAL
LOAN NUMBER
STATE
ZIP
RATE
RATE
BALANCE
------------
---------- --------- ----------- ----------- -----------------
157
CA
91104
6.2600%
6.2286%
$1,133,645.00
------------
---------- --------- ----------- ----------- -----------------
3
NY
10003
5.2000%
5.1686%
$76,500,000.00
------------
---------- --------- ----------- ----------- -----------------
11
NY
11205
5.9900%
5.9586%
$30,500,000.00
------------
---------- --------- ----------- ----------- -----------------
20
MI
48226
6.0800%
6.0186%
$17,500,000.00
------------
---------- --------- ----------- ----------- -----------------
51
PA
19406
5.6500%
5.6186%
$7,400,000.00
------------
---------- --------- ----------- ----------- -----------------
49
PA
19102
4.5200%
4.4886%
$8,000,000.00
------------
---------- --------- ----------- ----------- -----------------
9
PA
19106
6.6000%
6.5686%
$38,000,000.00
------------
---------- --------- ----------- ----------- -----------------
144
CA
90036
6.0000%
5.9686%
$1,650,000.00
------------
---------- --------- ----------- ----------- -----------------
149
CO
80503
5.5000%
5.4686%
$1,600,000.00
------------
---------- --------- ----------- ----------- -----------------
13
VA
23112
4.6600%
4.6286%
$28,000,000.00
------------
---------- --------- ----------- ----------- -----------------
69
FL
33496
5.1100%
5.0786%
$5,200,000.00
------------
---------- --------- ----------- ----------- -----------------
159
TX
76163
6.7500%
6.7186%
$1,040,000.00
------------
---------- --------- ----------- ----------- -----------------
110
CA
90064
5.8900%
5.8586%
$2,700,000.00
------------
---------- --------- ----------- ----------- -----------------
96
TX
75232
6.1600%
6.1286%
$3,300,000.00
------------
---------- --------- ----------- ----------- -----------------
128
TX
75150
5.8000%
5.7686%
$2,000,000.00
------------
---------- --------- ----------- ----------- -----------------
94
TX
77087
5.9000%
5.8686%
$3,350,000.00
------------
---------- --------- ----------- ----------- -----------------
67
TX
78213
6.1900%
6.1586%
$5,250,000.00
------------
---------- --------- ----------- ----------- -----------------
103
MI
48302
5.1500%
5.1186%
$3,200,000.00
------------
---------- --------- ----------- ----------- -----------------
89
NC
28560
5.3500%
5.3186%
$3,850,000.00
------------
---------- --------- ----------- ----------- -----------------
166
AZ
85710
6.6500%
6.6186%
$840,000.00
------------
---------- --------- ----------- ----------- -----------------
118
NY
10469 &
6.6400%
6.6086%
$2,400,000.00
10470
------------
---------- --------- ----------- ----------- -----------------
145
TX
76133
5.5000%
5.4686%
$1,650,000.00
------------
---------- --------- ----------- ----------- -----------------
22
WA
98021
5.0000%
4.9686%
$15,535,000.00
------------
---------- --------- ----------- ----------- -----------------
70
VA
23703
5.2700%
5.2386%
$5,200,000.00
------------
---------- --------- ----------- ----------- -----------------
140
OH
44833
6.1800%
6.1486%
$1,775,000.00
------------
---------- --------- ----------- ----------- -----------------
6
MI
49512
5.4200%
5.3886%
$47,500,000.00
------------
---------- --------- ----------- ----------- -----------------
5
PR
00692
5.5125%
5.4811%
$51,200,000.00
------------
---------- --------- ----------- ----------- -----------------
76
GA
30071
6.1700%
6.1386%
$4,700,000.00
------------
---------- --------- ----------- ----------- -----------------
30
NY
12901
5.6800%
5.6486%
$13,650,000.00
------------
---------- --------- ----------- ----------- -----------------
135
OH
44310
5.3500%
5.3186%
$1,900,000.00
------------
---------- --------- ----------- ----------- -----------------
5.6000%
5.5186%
$9,000,000.00
------------
---------- --------- ----------- ----------- -----------------
43C
WA
98532
5.6000%
5.5186%
$1,168,000.00
------------
---------- --------- ----------- ----------- -----------------
43D
WA
99336
5.6000%
5.5186%
$900,000.00
------------
---------- --------- ----------- ----------- -----------------
43A
WA
98404
5.6000%
5.5186%
$4,132,000.00
------------
---------- --------- ----------- ----------- -----------------
43B
WA
98467
5.6000%
5.5186%
$2,800,000.00
------------
---------- --------- ----------- ----------- -----------------
28
KY
41076
5.8100%
5.7486%
$14,100,000.00
------------
---------- --------- ----------- ----------- -----------------
SCH. II-1
------------ -------------------------------------
--------------------- ------------- ---------------
LOAN
REMAINING
MATURITY
NUMBER
PROPERTY NAME
CUT-OFF BALANCE
TERM
DATE
------------ -------------------------------------
--------------------- ------------- ---------------
157
1485 N. Garfield Apartments
$1,131,689.20
118
6/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
3
160 West 24th Street
$76,255,309.40
57
5/11/2009
------------ -------------------------------------
--------------------- ------------- ---------------
11
275 Park Avenue - The Chocolate
$30,500,000.00
119
7/11/2014
Factory
------------ -------------------------------------
--------------------- ------------- ---------------
20
333 West Fort Street
$17,339,537.19
110
10/11/2013
------------ -------------------------------------
--------------------- ------------- ---------------
51
357 S. Gulph
$7,370,610.68
116
4/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
49
509 Vine Street Philadelphia
$8,000,000.00
58
6/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
9
615 Chestnut Street
$37,973,276.32
119
7/11/2034
------------ -------------------------------------
--------------------- ------------- ---------------
144
649 S. Burnside Ave
$1,643,373.32
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
149
AAA Storage
$1,592,979.89
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
13
Addison at Swift Creek Apartments
$28,000,000.00
56
4/11/2009
------------ -------------------------------------
--------------------- ------------- ---------------
69
Addison Court
$5,188,467.14
118
6/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
159
Amberwoods Apartments
$1,037,516.28
118
6/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
110
American Gem
$2,681,836.06
113
1/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
96
American Harbor Self - Storage
$3,287,124.37
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
128
Baker Square Apartments
$1,990,531.78
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
94
Bellfort Plaza Apartments
$3,340,854.51
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
67
Blanco Junction Shopping Center
$5,236,617.12
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
103
Bloomfield Professional Center
$3,185,087.51
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
89
Bridgeton Crossing
$3,829,862.37
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
166
Broadway Inn Apartments
$830,074.21
234
2/11/2024
------------ -------------------------------------
--------------------- ------------- ---------------
118
Bronx Apartments
$2,394,153.64
118
6/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
145
Candle Chase Apartments
$1,642,760.52
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
22
Canyon Park Heights
$15,535,000.00
56
4/11/2034
------------ -------------------------------------
--------------------- ------------- ---------------
70
Cedarfield at Churchland Apartments
$5,183,621.99
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
140
Cedargate Apartments
$1,758,210.39
113
1/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
6
Centerpointe Mall
$47,301,786.93
116
4/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
5
Centro Gran Caribe
$51,200,000.00
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
76
Centro Norcross
$4,681,695.30
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
30
Champlain Center South Shopping
$13,583,614.22
115
3/11/2014
Center
------------ -------------------------------------
--------------------- ------------- ---------------
135
Chapel Hill Center
$1,895,994.45
118
6/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
Chehalis Gardens Apartments
$8,955,442.23
115
3/11/2014
Portfolio
------------ -------------------------------------
--------------------- ------------- ---------------
43C
Chehalis Manor Apartments
$1,162,217.40
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
43D
Kennewick Garden Court
$895,544.22
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
43A
McKinley Terrace
$4,111,543.03
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
43B
Meadow Park Garden Court
$2,786,137.58
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
28
Cold Spring Crossing
$14,100,000.00
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
------------ ----------- -------------- -------------
----------------- ------------
LOAN
ARD
ORIGINAL
REMAINING
MONTHLY
UNITS/SF
NUMBER
DATE
AMORTIZATION
AMORTIZATION
PAYMENT
------------ ----------- -------------- -------------
----------------- ------------
157
360
358
$6,987.42
12
------------ ----------- -------------- -------------
----------------- ------------
3
360
357
$420,069.82
204
------------ ----------- -------------- -------------
----------------- ------------
11
336
336
$187,420.53
123
------------ ----------- -------------- -------------
----------------- ------------
20
360
350
$105,823.12
132,159
------------ ----------- -------------- -------------
----------------- ------------
51
360
356
$42,715.45
48,245
------------ ----------- -------------- -------------
----------------- ------------
49
6/11/2009
Interest Only
Interest
$30,551.85
44
Only
------------ ----------- -------------- -------------
----------------- ------------
9
7/11/2014
360
359
$242,690.35
375,369
------------ ----------- -------------- -------------
----------------- ------------
144
300
297
$10,630.97
36
------------ ----------- -------------- -------------
----------------- ------------
149
300
297
$9,825.40
36,400
------------ ----------- -------------- -------------
----------------- ------------
13
Interest Only
Interest
$110,243.52
432
Only
------------ ----------- -------------- -------------
----------------- ------------
69
360
358
$28,265.35
20,860
------------ ----------- -------------- -------------
----------------- ------------
159
300
298
$7,185.48
60
------------ ----------- -------------- -------------
----------------- ------------
110
360
353
$15,997.41
9,800
------------ ----------- -------------- -------------
----------------- ------------
96
300
297
$21,585.87
65,975
------------ ----------- -------------- -------------
----------------- ------------
128
360
355
$11,735.06
52
------------ ----------- -------------- -------------
----------------- ------------
94
360
357
$19,870.07
154
------------ ----------- -------------- -------------
----------------- ------------
67
360
357
$32,120.56
59,880
------------ ----------- -------------- -------------
----------------- ------------
103
300
297
$18,987.60
32,297
------------ ----------- -------------- -------------
----------------- ------------
89
360
355
$21,498.93
45,685
------------ ----------- -------------- -------------
----------------- ------------
166
240
234
$6,337.21
49
------------ ----------- -------------- -------------
----------------- ------------
118
300
298
$16,415.55
39
------------ ----------- -------------- -------------
----------------- ------------
145
300
297
$10,132.44
116
------------ ----------- -------------- -------------
----------------- ------------
22
4/11/2009
Interest Only
Interest
$65,628.18
144,399
Only
------------ ----------- -------------- -------------
----------------- ------------
70
360
357
$28,779.04
118
------------ ----------- -------------- -------------
----------------- ------------
140
300
293
$11,632.45
98
------------ ----------- -------------- -------------
----------------- ------------
6
360
356
$267,320.44
774,137
------------ ----------- -------------- -------------
----------------- ------------
5
336
336
$299,384.61
387,437
------------ ----------- -------------- -------------
----------------- ------------
76
300
297
$30,772.45
50,803
------------ ----------- -------------- -------------
----------------- ------------
30
360
355
$79,051.74
208,933
------------ ----------- -------------- -------------
----------------- ------------
135
360
358
$10,609.86
14,545
------------ ----------- -------------- -------------
----------------- ------------
360
355
------------ ----------- -------------- -------------
----------------- ------------
43C
360
355
$6,705.25
33
------------ ----------- -------------- -------------
----------------- ------------
43D
360
355
$5,166.71
27
------------ ----------- -------------- -------------
----------------- ------------
43A
360
355
$23,720.94
107
------------ ----------- -------------- -------------
----------------- ------------
43B
360
355
$16,074.21
66
------------ ----------- -------------- -------------
----------------- ------------
28
360
360
$82,821.99
224,775
------------ ----------- -------------- -------------
----------------- ------------
SCH. II-2
------------ ------------------------------------- -------------
---------------- --------- -------
ADMINISTRATIVE
LOAN
INTEREST
(TRUSTEE +
DUE
NUMBER
PROPERTY NAME
CALCULATION
SERVICING) FEE
DATE
ARD
------------ ------------------------------------- -------------
---------------- --------- -------
157
1485 N. Garfield Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
3
160 West 24th Street
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
11
275 Park Avenue - The Chocolate
Actual/360
0.0314%
11
Factory
------------ ------------------------------------- -------------
---------------- --------- -------
20
333 West Fort Street
Actual/360
0.0614%
11
------------ ------------------------------------- -------------
---------------- --------- -------
51
357 S. Gulph
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
49
509 Vine Street Philadelphia
Actual/360
0.0314%
11
Yes
------------ ------------------------------------- -------------
---------------- --------- -------
9
615 Chestnut Street
Actual/360
0.0314%
11
Yes
------------ ------------------------------------- -------------
---------------- --------- -------
144
649 S. Burnside Ave
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
149
AAA Storage
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
13
Addison at Swift Creek Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
69
Addison Court
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
159
Amberwoods Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
110
American Gem
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
96
American Harbor Self - Storage
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
128
Baker Square Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
94
Bellfort Plaza Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
67
Blanco Junction Shopping Center
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
103
Bloomfield Professional Center
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
89
Bridgeton Crossing
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
166
Broadway Inn Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
118
Bronx Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
145
Candle Chase Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
22
Canyon Park Heights
Actual/360
0.0314%
11
Yes
------------ ------------------------------------- -------------
---------------- --------- -------
70
Cedarfield at Churchland Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
140
Cedargate Apartments
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
6
Centerpointe Mall
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
5
Centro Gran Caribe
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
76
Centro Norcross
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
30
Champlain Center South Shopping
Actual/360
0.0314%
11
Center
------------ ------------------------------------- -------------
---------------- --------- -------
135
Chapel Hill Center
Actual/360
0.0314%
11
------------ ------------------------------------- -------------
---------------- --------- -------
Chehalis Gardens Apartments
0.0814%
11
Portfolio
------------ ------------------------------------- -------------
---------------- --------- -------
43C
Chehalis Manor Apartments
Actual/360
0.0814%
11
------------ ------------------------------------- -------------
---------------- --------- -------
43D
Kennewick Garden Court
Actual/360
0.0814%
11
------------ ------------------------------------- -------------
---------------- --------- -------
43A
McKinley Terrace
Actual/360
0.0814%
11
------------ ------------------------------------- -------------
---------------- --------- -------
43B
Meadow Park Garden Court
Actual/360
0.0814%
11
------------ ------------------------------------- -------------
---------------- --------- -------
28
Cold Spring Crossing
Actual/360
0.0614%
11
------------ ------------------------------------- -------------
---------------- --------- -------
------------ -------------- ------------- -------------- ---------
-------- -----------
LETTER
LOAN
DEFEASANCE
EARTHQUAKE
ENVIRONMENTAL
GROUND
LOAN
OF
NUMBER
(YES/NO)
INSURANCE
INSURANCE
LEASE
GROUP
CREDIT
------------ -------------- ------------- -------------- ---------
-------- -----------
157
Yes
No
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
3
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
11
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
20
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
51
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
49
Yes
N/A
No
Yes
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
9
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
144
No
No
Yes
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
149
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
13
Yes
N/A
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
69
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
159
No
N/A
Yes
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
110
Yes
No
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
96
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
128
Yes
N/A
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
94
Yes
N/A
Yes
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
67
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
103
Yes
N/A
Yes
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
89
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
166
Yes
N/A
Yes
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
118
No
N/A
Yes
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
145
Yes
N/A
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
22
Yes
Yes
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
70
Yes
N/A
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
140
No
N/A
Yes
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
6
Yes
N/A
No
No
1
Yes
------------ -------------- ------------- -------------- ---------
-------- -----------
5
Yes
N/A
No
Yes
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
76
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
30
Yes
N/A
No
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
135
No
N/A
Yes
No
1
No
------------ -------------- ------------- -------------- ---------
-------- -----------
Yes
No
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
43C
Yes
No
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
43D
Yes
No
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
43A
Yes
No
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
43B
Yes
No
No
No
2
No
------------ -------------- ------------- -------------- ---------
-------- -----------
28
Yes
N/A
No
No
1
Yes
------------ -------------- ------------- -------------- ---------
-------- -----------
SCH. II-3
------------ -------------------------------------
----------------------------------------- ------------------
LOAN NUMBER
PROPERTY NAME
ADDRESS
CITY
------------ -------------------------------------
----------------------------------------- ------------------
43D
Kennewick Garden Court
955 West 5th Avenue
Kennewick
------------ -------------------------------------
----------------------------------------- ------------------
43A
McKinley Terrace
807-809 East Wright Avenue
Tacoma
------------ -------------------------------------
----------------------------------------- ------------------
43B
Meadow Park Garden Court
5712 Hannah Pierce Road West
University Place
------------ -------------------------------------
----------------------------------------- ------------------
28
Cold Spring Crossing
355 Crossroads Boulevard
Cold Spring
------------ -------------------------------------
----------------------------------------- ------------------
141
College Square Retail Center
555 and 595 College Drive
Henderson
------------ -------------------------------------
----------------------------------------- ------------------
46
College Towers Apartments
1800-1840 Rhodes Road
Kent
------------ -------------------------------------
----------------------------------------- ------------------
77
Colt Crossing Shopping Center
5179 Clinton Road
Fayetteville
------------ -------------------------------------
----------------------------------------- ------------------
111
Commercial Drive Plaza
4640-4666 Commercial Drive
New Hartford
------------ -------------------------------------
----------------------------------------- ------------------
122
Concord Woods Apartments
44 Concord Woods Drive
Milford
------------ -------------------------------------
----------------------------------------- ------------------
155
Congress StorageMax
4700 West Congress Street
Lafayette
------------ -------------------------------------
----------------------------------------- ------------------
124
Copper Country MHP
500 North Main Street
Globe
------------ -------------------------------------
----------------------------------------- ------------------
102
Corinth Commons Shopping Center
7650 South Interstate 35 East
Corinth
------------ -------------------------------------
----------------------------------------- ------------------
80
Corona Plaza Shopping Center
1312 East Ontario Avenue
Corona
------------ -------------------------------------
----------------------------------------- ------------------
39
Counsel Square
7545-7627 Little Road
New Port Richey
------------ -------------------------------------
----------------------------------------- ------------------
38
Creekside Plaza Building C
1000 San Leandro Boulevard
San Leandro
------------ -------------------------------------
----------------------------------------- ------------------
93
Crooked Creek Centre
7818-7880 North Michigan Road
Indianapolis
------------ -------------------------------------
----------------------------------------- ------------------
90
Crown Garden Apartments
7001 Hillcroft Street
Houston
------------ -------------------------------------
----------------------------------------- ------------------
115
Cypress on the Ridge I
740 Garden View Court
Encinitas
------------ -------------------------------------
----------------------------------------- ------------------
116
Cypress on the Ridge II
760 Garden View Court
Encinitas
------------ -------------------------------------
----------------------------------------- ------------------
71
Deerfield Tech Center
111 Deer Lake Road
Deerfield
------------ -------------------------------------
----------------------------------------- ------------------
142
Dellwood Apartments
2001 Bristol Road
Laredo
------------ -------------------------------------
----------------------------------------- ------------------
169
DeSoto Albertson's Shadow Retail
1308 West Beltline Road
DeSoto
------------ -------------------------------------
----------------------------------------- ------------------
152
Dewberry Heights Apartments
81 Overton Avenue
Waterbury
------------ -------------------------------------
----------------------------------------- ------------------
32
Downey Marketplace
8610 Firestone Boulevard
Downey
------------ -------------------------------------
----------------------------------------- ------------------
173
Drake Apartments
15830 Van Aken Boulevard
Shaker Heights
------------ -------------------------------------
----------------------------------------- ------------------
97
Dyersdale Village
9700 Mesa Drive
Houston
------------ -------------------------------------
----------------------------------------- ------------------
23
Encino Atrium
16530 Ventura Boulevard
Encino
------------ -------------------------------------
----------------------------------------- ------------------
54
English Hills Apartments
6701 English Hills Drive
Charlotte
------------ -------------------------------------
----------------------------------------- ------------------
19
Estates at Ridenour
1575 Ridenour Parkway
Kennesaw
------------ -------------------------------------
----------------------------------------- ------------------
42
Fairways Plaza
8200 South Colorado Boulevard
Centennial
------------ -------------------------------------
----------------------------------------- ------------------
107
Fonda Place
10315 Grand River Road
Brighton
------------ -------------------------------------
----------------------------------------- ------------------
174
Forest Avenue
63-50 and 63-54 Forest Avenue
Ridgewood
------------ -------------------------------------
----------------------------------------- ------------------
62
Four Mile Fork Shopping Center
U.S. Route 1 at Courthouse Road
Fredericksburg
------------ -------------------------------------
----------------------------------------- ------------------
127
Four Winds Professional Building
7071 Convoy Court
San Diego
------------ -------------------------------------
----------------------------------------- ------------------
75
Four Worlds Apartments
8292 Four Worlds Drive
Cincinnati
------------ -------------------------------------
----------------------------------------- ------------------
------------ ---------- --------- ----------- -----------
-----------------
NET
MORTGAGE
MORTGAGE
ORIGINAL
LOAN NUMBER
STATE
ZIP
RATE
RATE
BALANCE
------------ ---------- --------- ----------- -----------
-----------------
43D
WA
99336
5.6000%
5.5186%
$900,000.00
------------ ---------- --------- ----------- -----------
-----------------
43A
WA
98404
5.6000%
5.5186%
$4,132,000.00
------------ ---------- --------- ----------- -----------
-----------------
43B
WA
98467
5.6000%
5.5186%
$2,800,000.00
------------ ---------- --------- ----------- -----------
-----------------
28
KY
41076
5.8100%
5.7486%
$14,100,000.00
------------ ---------- --------- ----------- -----------
-----------------
141
NV
89015
5.9500%
5.9186%
$1,750,000.00
------------ ---------- --------- ----------- -----------
-----------------
46
OH
44240
5.1900%
5.1586%
$8,650,000.00
------------ ---------- --------- ----------- -----------
-----------------
77
NC
28391
5.8500%
5.8186%
$4,680,000.00
------------ ---------- --------- ----------- -----------
-----------------
111
NY
13413
5.8000%
5.7686%
$2,650,000.00
------------ ---------- --------- ----------- -----------
-----------------
122
OH
45150
5.7300%
5.6686%
$2,200,000.00
------------ ---------- --------- ----------- -----------
-----------------
155
LA
70506
6.3500%
6.3186%
$1,200,000.00
------------ ---------- --------- ----------- -----------
-----------------
124
AZ
85501
5.2000%
5.1686%
$2,200,000.00
------------ ---------- --------- ----------- -----------
-----------------
102
TX
76210
5.5700%
5.5386%
$3,200,000.00
------------ ---------- --------- ----------- -----------
-----------------
80
CA
92881
5.0500%
5.0186%
$4,300,000.00
------------ ---------- --------- ----------- -----------
-----------------
39
FL
34654
5.9400%
5.9086%
$9,500,000.00
------------ ---------- --------- ----------- -----------
-----------------
38
CA
94577
5.7800%
5.7486%
$9,800,000.00
------------ ---------- --------- ----------- -----------
-----------------
93
IN
46268
6.3800%
6.3486%
$3,400,000.00
------------ ---------- --------- ----------- -----------
-----------------
90
TX
77081
5.5600%
5.5286%
$3,630,000.00
------------ ---------- --------- ----------- -----------
-----------------
115
CA
92024
5.2200%
5.1886%
$2,500,000.00
------------ ---------- --------- ----------- -----------
-----------------
116
CA
92024
5.2200%
5.1886%
$2,500,000.00
------------ ---------- --------- ----------- -----------
-----------------
71
IL
60015
5.0600%
5.0286%
$5,100,000.00
------------ ---------- --------- ----------- -----------
-----------------
142
TX
78045
6.0200%
5.9886%
$1,750,000.00
------------ ---------- --------- ----------- -----------
-----------------
169
TX
75115
6.0500%
6.0186%
$820,000.00
------------ ---------- --------- ----------- -----------
-----------------
152
CT
06705
6.2900%
6.2586%
$1,480,000.00
------------ ---------- --------- ----------- -----------
-----------------
32
CA
90241
6.1900%
6.1586%
$12,000,000.00
------------ ---------- --------- ----------- -----------
-----------------
173
OH
44120
5.7000%
5.6686%
$750,000.00
------------ ---------- --------- ----------- -----------
-----------------
97
TX
77078
5.2000%
5.1686%
$3,300,000.00
------------ ---------- --------- ----------- -----------
-----------------
23
CA
91436
5.9800%
5.9486%
$15,600,000.00
------------ ---------- --------- ----------- -----------
-----------------
54
NC
28212
4.8700%
4.8386%
$7,200,000.00
------------ ---------- --------- ----------- -----------
-----------------
19
GA
30152
4.5800%
4.5486%
$17,750,000.00
------------ ---------- --------- ----------- -----------
-----------------
42
CO
80122
5.7500%
5.7186%
$9,100,000.00
------------ ---------- --------- ----------- -----------
-----------------
107
MI
48116
6.1800%
6.1486%
$2,925,000.00
------------ ---------- --------- ----------- -----------
-----------------
174
NY
11385
7.0400%
7.0086%
$550,000.00
------------ ---------- --------- ----------- -----------
-----------------
62
VA
22408
5.9500%
5.9186%
$6,500,000.00
------------ ---------- --------- ----------- -----------
-----------------
127
CA
92111
4.6900%
4.6586%
$2,000,000.00
------------ ---------- --------- ----------- -----------
-----------------
75
OH
45231
5.5300%
5.4686%
$4,750,000.00
------------ ---------- --------- ----------- -----------
-----------------
SCH. II-4
------------ -------------------------------------
--------------------- ------------- ---------------
LOAN
PROPERTY NAME
CUT-OFF
REMAINING
MATURITY
NUMBER
BALANCE
TERM
DATE
------------ -------------------------------------
--------------------- ------------- ---------------
43D
Kennewick Garden Court
$895,544.22
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
43A
McKinley Terrace
$4,111,543.03
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
43B
Meadow Park Garden Court
$2,786,137.58
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
28
Cold Spring Crossing
$14,100,000.00
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
141
College Square Retail Center
$1,741,992.77
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
46
College Towers Apartments
$8,650,000.00
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
77
Colt Crossing Shopping Center
$4,675,966.26
119
7/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
111
Commercial Drive Plaza
$2,650,000.00
120
8/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
122
Concord Woods Apartments
$2,193,752.94
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
155
Congress StorageMax
$1,192,351.01
115
3/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
124
Copper Country MHP
$2,190,382.04
80
4/11/2011
------------ -------------------------------------
--------------------- ------------- ---------------
102
Corinth Commons Shopping Center
$3,187,069.36
116
4/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
80
Corona Plaza Shopping Center
$4,300,000.00
54
2/11/2009
------------ -------------------------------------
--------------------- ------------- ---------------
39
Counsel Square
$9,492,001.15
119
7/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
38
Creekside Plaza Building C
$9,741,357.44
114
2/11/2034
------------ -------------------------------------
--------------------- ------------- ---------------
93
Crooked Creek Centre
$3,391,324.97
82
6/11/2011
------------ -------------------------------------
--------------------- ------------- ---------------
90
Crown Garden Apartments
$3,596,248.77
51
11/11/2008
------------ -------------------------------------
--------------------- ------------- ---------------
115
Cypress on the Ridge I
$2,492,038.65
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
116
Cypress on the Ridge II
$2,489,116.33
116
4/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
71
Deerfield Tech Center
$5,100,000.00
117
5/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
142
Dellwood Apartments
$1,724,029.89
113
1/11/2014
------------ -------------------------------------
--------------------- ------------- ---------------
169
DeSoto Albertson's Shadow Retail
$815,543.82
116
4/11/2014
------------ -------------------------------------
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