EXHIBIT 10.2
================================================================================
GS MORTGAGE SECURITIES CORPORATION II,
PURCHASER,
GREENWICH CAPITAL FINANCIAL PRODUCTS, INC.,
SELLER
MORTGAGE LOAN PURCHASE AGREEMENT
Dated as of October 1, 2006
Series 2006-GG8
================================================================================
<PAGE>
This Mortgage Loan Purchase Agreement (this "Agreement"), dated
as
of October 1, 2006, is between GS Mortgage Securities Corporation
II, a Delaware
corporation, as purchaser (the "Purchaser"), and Greenwich Capital
Financial
Products, Inc., a Delaware corporation, as seller (the
"Seller").
Capitalized terms used in this Agreement not defined herein
shall
have the meanings ascribed to them in the Pooling and Servicing
Agreement, dated
as of October 1, 2006 (the "Pooling and Servicing Agreement"),
among the
Purchaser, as seller, Wachovia Bank, National Association, as
master servicer
(the "Master Servicer"), CWCapital Asset Management LLC, as special
servicer
(the "Special Servicer"), and Wells Fargo Bank, N.A., as trustee
(the
"Trustee"), pursuant to which the Purchaser will sell the Mortgage
Loans (as
defined herein) to a trust fund and certificates representing
ownership
interests in the Mortgage Loans will be issued by the trust fund
(the "Trust
Fund"). For purposes of this Agreement, "Mortgage Loans" refers to
the mortgage
loans listed on Exhibit A and "Mortgaged Properties" refers to the
properties
securing such Mortgage Loans.
The Purchaser and the Seller wish to prescribe the manner of sale
of
the Mortgage Loans from the Seller to the Purchaser and in
consideration of the
premises and the mutual agreements hereinafter set forth, agree as
follows:
SECTION 1 Sale and Conveyance of Mortgages; Possession of
Mortgage
File. The Seller does hereby sell, transfer, assign, set over and
convey to the
Purchaser subject to the rights of the other holders of interests
in a Companion
Loan all of its right, title and interest in and to the Mortgage
Loans
identified on Exhibit A (the "Mortgage Loan Schedule") including
all interest
and principal received on or with respect to the Mortgage Loans
after the
Cut-off Date (other than payments of principal and interest first
due on the
Mortgage Loans on or before the Cut-off Date). Upon the sale of the
Mortgage
Loans, the ownership of each related Note, subject to the rights of
the other
holders of interest in a Companion Loan, the Seller's interest in
the related
Mortgage and the other contents of the related Mortgage File, will
be vested in
the Purchaser and immediately thereafter the Trustee, and the
ownership of
records and documents with respect to the related Mortgage Loan
(other than a
Non-Serviced Companion Loan) prepared by or which come into the
possession of
the Seller shall immediately vest in the Purchaser and immediately
thereafter
the Trustee. On the Closing Date, the Seller shall also arrange for
the delivery
to the Depositor an amount equal to $62,395.21 to be deposited by
the Master
Servicer in the Collection Account on behalf of the Seller and for
the benefit
of the Trust Fund, which amount represents the aggregate amount of
interest that
would have accrued at the related Mortgage Rates on the applicable
Mortgage
Loans commencing October 1, 2006 for those Mortgage Loans that do
not require a
payment of a full month's interest on the Due Date in November 2006
or do not
have a Due Date until December 2006. The Purchaser will sell the
Class A-1,
Class A-2, Class A-3, Class A-AB, Class A-4, Class A-1A, Class A-M,
Class A-J,
Class B, Class C, Class D, Class E and Class F Certificates (the
"Offered
Certificates") to the underwriters (the "Underwriters") specified
in the
Underwriting Agreement, dated October 17, 2006 (the "Underwriting
Agreement"),
between the Purchaser and the Underwriters, and the Purchaser will
sell the
Class X, Class G, Class H, Class J, Class K, Class L, Class M,
Class N, Class O,
Class P, Class Q, Class S, Class R and Class LR Certificates (the
"Private
Certificates") to the initial purchasers (the "Initial Purchasers"
and,
collectively with the Underwriters, the "Dealers") specified in the
Certificate
Purchase Agreement, dated October 17, 2006 (the "Certificate
Purchase
Agreement"), between the Purchaser and Initial Purchasers.
The sale and conveyance of the Mortgage Loans is being conducted
on
an arms-length basis and upon commercially reasonable terms. As the
purchase
price for the Mortgage Loans, the Purchaser shall pay to the Seller
or at the
Seller's direction $2,916,951,602 (excluding accrued interest and
certain
post-settlement adjustment for expenses incurred by the
Underwriters on behalf
of the Depositor). The purchase and sale of the Mortgage Loans
shall take place
on the Closing Date.
SECTION 2 Books and Records; Certain Funds Received After the
Cut-off Date. From and after the sale of the Mortgage Loans to the
Purchaser,
record title to each Mortgage and the related Note shall be
transferred to the
Trustee in accordance with this Agreement. Any funds due after the
Cut-off Date
in connection with a Mortgage Loan received by the Seller shall be
held in trust
for the benefit of the Trustee as the owner of such Mortgage Loan
and shall be
transferred promptly to the Trustee. All scheduled payments of
principal and
interest due on or before the Cut-off Date but collected after the
Cut-off Date,
and recoveries of principal and interest collected on or before the
Cut-off Date
(only in respect of principal and interest on the Mortgage Loans
due on or
before the Cut-off Date and principal prepayments thereon), shall
belong to, and
shall be promptly remitted to, the Seller.
The transfer of each Mortgage Loan shall be reflected on the
Seller's balance sheets and other financial statements as a sale of
the Mortgage
Loans by the Seller to the Purchaser. The Seller intends to treat
the transfer
of each Mortgage Loan to the Purchaser as a sale for tax
purposes.
The transfer of each Mortgage Loan shall be reflected on the
Purchaser's balance sheets and other financial statements as the
purchase of the
Mortgage Loans by the Purchaser from the Seller. The Purchaser
intends to treat
the transfer of each Mortgage Loan from the Seller as a purchase
for tax
purposes. The Purchaser shall be responsible for maintaining, and
shall
maintain, a set of records for each Mortgage Loan which shall be
clearly marked
to reflect the transfer of ownership of each Mortgage Loan by the
Seller to the
Purchaser pursuant to this Agreement.
SECTION 3 Delivery of Mortgage Loan Documents; Additional Costs
and
Expenses. (a) The Purchaser hereby directs the Seller, and the
Seller hereby
agrees, upon the transfer of the Mortgage Loans contemplated
herein, to deliver
or cause to be delivered to the Trustee or a Custodian appointed
thereby on the
dates set forth in Section 2.01 of the Pooling and Servicing
Agreement, all
documents, instruments and agreements required to be delivered by
the Purchaser
to the Trustee with respect to the Mortgage Loans under Section
2.01 of the
Pooling and Servicing Agreement, and meeting all the requirements
of such
Section 2.01, provided that the Seller shall not be required to
deliver any
draft documents, privileged communications, credit underwriting,
due diligence
analyses or data or internal worksheets, memoranda, communications
or
evaluations.
(b) The Seller shall deliver to the Master Servicer within 10
business days after the Closing Date, documents and records that
(i) relate to
the servicing and administration of the Mortgage Loans, (ii) are
reasonably
necessary for the ongoing administration and/or servicing of the
Mortgage Loans
(including any asset summaries related to the Mortgage Loans that
were delivered
to the Rating Agencies in connection with the rating of the
Certificates) and
(iii) are in possession or control of the Seller, together with (x)
all
unapplied Escrow Payments in the possession or under control of the
Seller that
relate to the Mortgage Loans and (y) a statement indicating which
Escrow
Payments are allocable to such Mortgage Loans); provided that the
Seller shall
not be required to deliver any draft documents, privileged or
other
communications, credit underwriting, due diligence analyses or data
or internal
worksheets, memoranda, communications or evaluations.
SECTION 4 Treatment as a Security Agreement. Pursuant to Section
1
hereof, the Seller has conveyed to the Purchaser all of its right,
title and
interest in and to the Mortgage Loans. The parties intend that such
conveyance
of the Seller's right, title and interest in and to the Mortgage
Loans pursuant
to this Agreement shall constitute a purchase and sale and not a
loan. If such
conveyance is deemed to be a pledge and not a sale, then the
parties also intend
and agree that the Seller shall be deemed to have granted, and in
such event
does hereby grant, to the Purchaser, a first priority security
interest in all
of its right, title and interest in, to and under the Mortgage
Loans, all
payments of principal or interest on such Mortgage Loans due after
the Cut-off
Date, all other payments made in respect of such Mortgage Loans
after the
Cut-off Date (other than scheduled payments of principal and
interest due on or
before the Cut-off Date) and all proceeds thereof, and that this
Agreement shall
constitute a security agreement under applicable law. If such
conveyance is
deemed to be a pledge and not a sale, the Seller consents to the
Purchaser
hypothecating and transferring such security interest in favor of
the Trustee
and transferring the obligation secured thereby to the Trustee.
SECTION 5 Covenants of the Seller. The Seller covenants with
the
Purchaser as follows:
(a) except with respect to a Non-Serviced Mortgage Loan, it
shall
record or cause a third party to record in the appropriate public
recording
office for real property the assignments of the Mortgage Loans,
assignments of
assignment of leases, rents and profits and the assignments of
Mortgage and each
related UCC-2 and UCC-3 financing statement referred to in the
definition of
Mortgage File from the Seller to the Trustee in connection with the
Pooling and
Servicing Agreement. All out of pocket costs and expenses relating
to the
recordation or filing of such assignments, assignments of Mortgage
and financing
statements shall be paid by the Seller. If any such document or
instrument is
lost or returned unrecorded or unfilled, as the case may be,
because of a defect
therein, then the Seller shall prepare a substitute therefore or
cure such
defect of cause such to be done, as the case may be, and the Seller
shall
deliver such substitute or corrected document or instrument to the
Trustee (or,
if the Mortgage Loan is then no longer subject to the Pooling and
Servicing
Agreement, the then holder of such Mortgage Loan).
(b) it shall take any action reasonably required by the
Purchaser,
the Trustee or the Servicer in order to assist and facilitate the
transfer of
the servicing of the Mortgage Loans to the Servicer, including
effectuating the
transfer of any letters of credit with respect to any Mortgage Loan
to the
Servicer on behalf of the Trustee for the benefit of
Certificateholders. Prior
to the date that a letter of credit with respect to any Mortgage
Loan is
transferred to the Servicer, the Seller will cooperate with the
reasonable
requests of the Servicer or Special Servicer, as applicable, in
connection with
effectuating a draw under such letter of credit as required under
the terms of
the related Loan Documents. Notwithstanding the foregoing, this
Section 5(b)
shall not apply with respect to a Non-Serviced Mortgage Loan;
(c) The Seller shall provide the Master Servicer the initial
data
with respect to each Mortgage Loan for the CMSA Financial File and
the CMSA Loan
Periodic Update File that are required to be prepared by the Master
Servicer
pursuant to the Pooling and Servicing Agreement and the
Supplemental Servicer
Schedule;
(d) if during the period of time that the Underwriters are
required,
under applicable law, to deliver a prospectus related to the
Offered
Certificates in connection with sales of the Offered Certificates
by an
Underwriter or a dealer and the Seller has obtained actual
knowledge of
undisclosed or corrected information related to an event that
occurred prior to
the Closing Date, which event causes the Seller Information
previously provided
to be incorrect or untrue, and which directly results in a material
misstatement
or omission in the Prospectus Supplement, including Annex A, Annex
B or Annex C
thereto and the CD-ROM and the Diskette included therewith
(collectively, the
"Public Offering Documents"), and as a result the Underwriters'
legal counsel
has determined that it is necessary to amend or supplement the
Public Offering
Documents in order to make the statements therein, in the light of
the
circumstances when the Prospectus is delivered to a purchaser, not
misleading,
or to make the Public Offering Documents in compliance with
applicable law, the
Seller shall (to the extent that such amendment or supplement
solely relates to
the Seller Information at the expense of the Seller, do all things
reasonably
necessary to assist the Depositor to prepare and furnish to the
Underwriters,
such amendments or supplements to the Public Offering Documents as
may be
necessary so that the statements in the Public Offering Documents,
as so amended
or supplemented, will not, in the light of the circumstances when
the Prospectus
is delivered to a purchaser, be misleading and will comply with
applicable law.
(All terms under this clause (c) and not otherwise defined in this
Agreement
shall have the meanings set forth in the Indemnification Agreement,
dated
October 17, 2006, among Seller, the Purchaser and the Dealers
(the
"Indemnification Agreement" and, together with this Agreement, the
"Operative
Documents")); and
(e) for so long as the Trust Fund is subject to the reporting
requirements of the Exchange Act, the Seller shall provide the
Purchaser (or
with respect to any Serviced Companion Loan that is deposited into
another
securitization, the depositor of such securitization) and the
Paying Agent with
any Additional Form 10-D Disclosure and any Additional Form 10-K
Disclosure set
forth next the Seller's name on Exhibit U and Exhibit V of the
Pooling and
Servicing Agreement within the time periods set forth in the
Pooling and
Servicing Agreement.
SECTION 6 Representations and Warranties.
(a) The Seller represents and warrants to the Purchaser as of
the
date hereof and as of the Closing Date that:
(i) The Seller is a corporation, duly organized, validly
existing
and in
good standing under the laws of the State of Delaware with full
power and
authority to own its assets and conduct its business, is duly
qualified
as a foreign organization in good standing in all jurisdictions
to the
extent such qualification is necessary to hold and sell the
Mortgage
Loans or otherwise comply with its obligations under this
Agreement
except where the failure to be so qualified would not have a
material
adverse effect on its ability to perform its obligations
hereunder,
and the Seller has taken all necessary action to authorize the
execution,
delivery and performance under the Operative Documents and has
duly
executed and delivered this Agreement and the Indemnification
Agreement,
and has the power and authority to execute, deliver and perform
under this
Agreement and each other Operative Document and all the
transactions contemplated hereby and thereby, including, but not
limited
to, the
power and authority to sell, assign, transfer, set over and
convey
the
Mortgage Loans in accordance with this Agreement;
(ii) Assuming the due authorization, execution and delivery of
each
Operative
Document by each party thereto other than the Seller, each
Operative
Document will constitute a legal, valid and binding obligation
of the
Seller, enforceable against the Seller in accordance with its
terms,
except as such enforcement may be limited by bankruptcy,
insolvency, reorganization, moratorium or other similar laws
affecting the
enforcement of creditors' rights generally, and by general
principles of
equity
(regardless of whether such enforceability is considered in a
proceeding
in equity or at law);
(iii) The execution and delivery of each Operative Document by
the
Seller and
the performance of its obligations hereunder and thereunder
will not
conflict with any provision of any law or regulation to which
the
Seller is
subject, or conflict with, result in a breach of, or constitute
a default
under, any of the terms, conditions or provisions of any of the
Seller's
organizational documents or any agreement or instrument to
which
the Seller
is a party or by which it is bound, or any order or decree
applicable
to the Seller, or result in the creation or imposition of any
lien on
any of the Seller's assets or property, in each case which
would
materially
and adversely affect the ability of the Seller to carry out the
transactions contemplated by the Operative Documents;
(iv) There is no action, suit, proceeding or investigation
pending
or, to the
Seller's knowledge, threatened against the Seller in any court
or by or
before any other governmental agency or instrumentality which
would
materially and adversely affect the validity of the Mortgage
Loans
or the
ability of the Seller to carry out the transactions contemplated
by
each
Operative Document;
(v) The Seller is not in default with respect to any order or
decree
of any
court or any order, regulation or demand of any federal, state,
municipal
or governmental agency, which default might have consequences
that, in
Seller's good faith and reasonable judgment, is likely to
materially
and adversely affect the condition (financial or other) or
operations
of the Seller or its properties or might have consequences
that, in
Seller's good faith and reasonable judgment, is likely to
materially
and adversely affect its performance under any Operative
Document;
(vi) No consent, approval, authorization or order of any court
or
governmental agency or body is required for the execution, delivery
and
performance by the Seller of, or compliance by the Seller with,
each
Operative
Document or the consummation of the transactions contemplated
hereby or
thereby, other than those which have been obtained by the
Seller;
(vii) The transfer, assignment and conveyance of the Mortgage
Loans
by the
Seller to the Purchaser is not subject to bulk transfer laws or
any
similar
statutory provisions in effect in any applicable jurisdiction;
and
(viii) The Mortgage Loans were originated by a mortgagee approved
by
the
Secretary of Housing and Urban Development pursuant to Sections
203
and 211 of
the Act, a savings and loan association, a savings bank, a
commercial
bank, credit union, insurance company or other similar
institution which is supervised and examined by a federal or
state
authority.
(b) The Purchaser represents and warrants to the Seller as of
the
Closing Date that:
(i) The Purchaser is a corporation duly organized, validly
existing
and 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,
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
be so qualified would not have a material adverse effect on the
ability of
the Purchaser to perform its obligations hereunder, and the
Purchaser
has taken all necessary action to authorize the execution,
delivery
and performance of this Agreement by it, and has the power and
authority
to execute, deliver and perform this Agreement and all the
transactions contemplated hereby;
(ii) Assuming the due authorization, execution and delivery of
this
Agreement
by the Seller, this Agreement will constitute a legal, valid
and
binding
obligation of the Purchaser, enforceable against the Purchaser
in
accordance
with its terms, except as such enforcement may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar
laws
affecting
the enforcement of creditors' rights generally, and by general
principles
of equity (regardless of whether such enforceability is
considered
in a proceeding in equity or at law);
(iii) The execution and delivery of this Agreement by the
Purchaser
and the
performance of its obligations hereunder will not conflict with
any
provision of any law or regulation to which the Purchaser is
subject,
or
conflict with, result in a breach of, or constitute a default
under,
any of the
terms, conditions or provisions of any of the Purchaser's
organizational documents or any agreement or instrument to which
the
Purchaser
is a party or by which it is bound, or any order or decree
applicable
to the Purchaser, or result in the creation or imposition of
any lien
on any of the Purchaser's assets or property, in each case
which
would
materially and adversely affect the ability of the Purchaser to
carry out
the transactions contemplated by this Agreement;
(iv) There is no action, suit, proceeding or investigation
pending
or, to the
Purchaser's knowledge, threatened against the Purchaser in any
court or
by or before any other governmental agency or instrumentality
which
would materially and adversely affect the validity of this
Agreement
or any
action taken in connection with the obligations of the
Purchaser
contemplated herein, or which would be likely to impair materially
the
ability of
the Purchaser to perform under the terms of this Agreement;
(v) The Purchaser is not in default with respect to any order
or
decree of
any court or any order, regulation or demand of any federal,
state,
municipal or governmental agency, which default might have
consequences that would materially and adversely affect the
condition
(financial
or other) or operations of the Purchaser or its properties or
might have
consequences that would materially and adversely affect its
performance under any Operative Document;
(vi) No consent, approval, authorization or order of any court
or
governmental agency or body is required for the execution, delivery
and
performance by the Purchaser of or compliance by the Purchaser with
this
Agreement
or the consummation of the transactions contemplated by this
Agreement
other than those that have been obtained by the Purchaser.
(c) The Seller further makes the representations and warranties
as
to the Mortgage Loans set forth in Exhibit B as of the Closing Date
or other
date set forth in Exhibit B, which representations and warranties
are subject to
the exceptions thereto set forth in Exhibit C.
(d) Pursuant to the Pooling and Servicing Agreement, if any
party
thereto discovers that any document constituting a part of a
Mortgage File has
not been properly executed, is missing, contains information that
does not
conform in any material respect with the corresponding information
set forth in
the Mortgage Loan Schedule, or does not appear to be regular on its
face (each,
a "Document Defect"), or discovers or receives notice of a breach
of any
representation or warranty of the Seller made pursuant to Section
6(c) of this
Agreement with respect to any Mortgage Loan (a "Breach"), such
party is required
to give prompt written notice thereof to the Seller.
(e) If any such Document Defect or Breach with respect to any
Mortgage Loan materially and adversely affects the value of the
Mortgage Loan or
the related Mortgaged Property or the interests of the
Certificateholders
therein, then such Document Defect shall constitute a "Material
Document Defect"
or such Breach shall constitute a "Material Breach," as the case
may be.
Promptly upon becoming aware of any such Material Document Defect
or Material
Breach (including through a written notice given by any party
hereto, as
provided above), the Seller, not later than 90 days from the
earlier of the
Seller's discovery or receipt of notice of such Material Document
Defect or
Material Breach, as the case may be (or, in the case of a Material
Document
Defect or Material Breach relating to a Mortgage Loan not being a
"qualified
mortgage" within the meaning of the REMIC Provisions, not later
than 90 days of
any party discovering such Material Document Defect or Material
Breach provided
the Seller receives notice thereof in a timely manner), cure the
same in all
material respects (which cure shall include payment of any
Additional Trust Fund
Expenses associated therewith) or, if such Material Document Defect
or Material
Breach, as the case may be, cannot be cured within such 90 day
period,
repurchase the affected Mortgage Loan or any related REO Property
at the
applicable Purchase Price by wire transfer of immediately available
funds to the
Collection Account (or, in the case of a Non-Serviced Mortgage Loan
or an REO
Property that relates to a Non-Serviced Mortgage Loan, to the
related REO
Account); provided, however, that if (i) such Material Document
Defect or
Material Breach is capable of being cured but not within such 90
day period,
(ii) such Material Document Defect or Material Breach is not
related to any
Mortgage Loan's not being a "qualified mortgage" within the meaning
of the REMIC
Provisions and (iii) the Seller has commenced and is diligently
proceeding with
the cure of such Material Document Defect or Material Breach within
such 90 day
period, then the Seller shall have an additional 90 days to
complete such cure
or, in the event of a failure to so cure, to complete such
repurchase (it being
understood and agreed that, in connection with the Seller's
receiving such
additional 90 day period, the Seller shall deliver an Officer's
Certificate to
the Trustee setting forth the reasons such Material Document Defect
or Material
Breach is not capable of being cured within the initial 90 day
period and what
actions the Seller is pursuing in connection with the cure thereof
and stating
that the Seller anticipates that such Material Document Defect or
Material
Breach will be cured within such additional 90 day period); and
provided,
further, that, if any such Material Document Defect is still not
cured after the
initial 90 day period and any such additional 90 day period solely
due to the
failure of the Seller to have received the recorded document, then
the Seller
shall be entitled to continue to defer its cure and repurchase
obligations in
respect of such Document Defect so long as the Seller certifies to
the Trustee
every 30 days thereafter that the Document Defect is still in
effect solely
because of its failure to have received the recorded document and
that the
Seller is diligently pursuing the cure of such defect (specifying
the actions
being taken), except that no such deferral of cure or repurchase
may continue
beyond the second anniversary of the Closing Date. Any such
repurchase of a
Mortgage Loan shall be on a servicing released basis. The Seller
shall have no
obligation to monitor the Mortgage Loans regarding the existence of
a breach or
a document defect, but if the Seller discovers a Material Breach or
Material
Document Defect with respect to a Mortgage Loan, it will notify the
Purchaser.
(f) In connection with any repurchase of a Mortgage Loan pursuant
to
this Section 6, the Pooling and Servicing Agreement shall provide
that, subject
to Section 3.26 of the Pooling and Servicing Agreement, the
Trustee, the
Custodian, the Master Servicer and the Special Servicer shall each
tender to the
repurchasing entity, upon delivery to each of them of a receipt
executed by the
repurchasing entity, all portions of the Mortgage File and other
documents
pertaining to such Mortgage Loan possessed by it, and each document
that
constitutes a part of the Mortgage File shall be endorsed or
assigned to the
extent necessary or appropriate to the repurchasing entity or its
designee in
the same manner, but only if the respective documents have been
previously
assigned or endorsed to the Trustee, and pursuant to appropriate
forms of
assignment, substantially similar to the manner and forms pursuant
to which such
documents were previously assigned to the Trustee; provided that
such tender by
the Trustee shall be conditioned upon its receipt from the Master
Servicer of a
Request for Release and an Officer's Certificate to the effect that
the
requirements for repurchase have been satisfied.
(g) The representations and warranties of the parties hereto
shall
survive the execution and delivery and any termination of this
Agreement and
shall inure to the benefit of the respective parties,
notwithstanding any
restrictive or qualified endorsement on the Notes or Assignment of
Mortgage or
the examination of the Mortgage Files.
(h) Each party hereby agrees to promptly notify the other party
of
any breach of a representation or warranty contained in Section
6(c). The
Seller's obligation to cure any breach or repurchase or substitute
any affected
Mortgage Loan pursuant to this Section 6 shall constitute the sole
remedy
available to the Purchaser in connection with a breach of any of
the Seller's
representations or warranties contained in this Section 6(c);
provided, however,
that no limitation of remedy is implied with respect to the
Seller's breach of
its obligation to cure, repurchase or substitute in accordance with
the terms
and conditions of this Agreement.
SECTION 7 Review of Mortgage File. The Purchaser shall require
the
Trustee or the Custodian pursuant to the Pooling and Servicing
Agreement to
review the Mortgage Files pursuant to Section 2.02 of the Pooling
and Servicing
Agreement and if it finds any document or documents not to have
been properly
executed, or to be missing or to be defective on its face in any
material
respect, to notify the Purchaser, which shall promptly notify the
Seller.
SECTION 8 Conditions to Closing. The obligation of the Seller
to
sell the Mortgage Loans shall be subject to the Seller having
received the
purchase price for the Mortgage Loans as contemplated by Section 1.
The
obligations of the Purchaser to purchase the Mortgage Loans shall
be subject to
the satisfaction, on or prior to the Closing Date, of the following
conditions:
(a) Each of the obligations of the Seller required to be
performed
by it at or prior to the Closing Date pursuant to the terms of this
Agreement
shall have been duly performed and complied with and all of the
representations
and warranties of the Seller under this Agreement shall be true and
correct in
all material respects as of the Closing Date, and no event shall
have occurred
as of the Closing Date which would constitute a default under this
Agreement,
and the Purchaser shall have received a certificate to the
foregoing effect
signed by an authorized officer of the Seller substantially in the
form of
Exhibit D.
The Pooling and Servicing Agreement (to the extent it affects
the
obligations of the Seller hereunder), in such form as is agreed
upon and
acceptable to the Purchaser, the Seller, the Underwriters and their
respective
counsel in their reasonable discretion, shall be duly executed and
delivered by
all signatories as required pursuant to the terms thereof.
(b) The Purchaser shall have received the following additional
closing documents:
(i) copies of the Seller's Articles of Association, charter,
by-laws
or other
organizational documents and all amendments, revisions,
restatements and supplements thereof, certified as of a recent date
by the
Secretary
of the Seller;
(ii) a certificate as of a recent date of the Secretary of State
of
the State
of Delaware to the effect that the Seller is duly organized,
existing
and in good standing in the State of Delaware;
(iii) an opinion of counsel of the Seller, subject to customary
exceptions
and carve-outs, in form substantially similar to the opinions
set forth
in Exhibit E, acceptable to the Underwriters and each Rating
Agency;
and
(iv) a letter from counsel of the Seller to the effect that
nothing
has come
to such counsel's attention that would lead such counsel to
believe
that the Prospectus Supplement as of the date thereof or as of
the
Closing
Date contains, with respect to the Seller or the Mortgage
Loans,
any untrue
statement of a material fact or omits to state a material fact
necessary
in order to make the statements therein relating to the Seller
or the
Mortgage Loans, in the light of the circumstances under which
they
were made,
not misleading.
(c) The Offered Certificates shall have been concurrently issued
and
sold pursuant to the terms of the Underwriting Agreement. The
Private
Certificates shall have been concurrently issued and sold pursuant
to the terms
of the Certificate Purchase Agreement.
(d) The Seller shall have executed and delivered concurrently
herewith the Indemnification Agreement.
(e) The Seller shall furnish the Purchaser with such other
certificates of its officers or others and such other documents and
opinions to
evidence fulfillment of the conditions set forth in this Agreement
as the
Purchaser and its counsel may reasonably request.
SECTION 9 Closing. The closing for the purchase and sale of the
Mortgage Loans shall take place at the office of Cadwalader,
Wickersham & Taft
LLP, New York, New York, at 10:00 a.m., on the Closing Date or such
other place
and time as the parties shall agree. The parties hereto agree that
time is of
the essence with respect to this Agreement.
SECTION 10 Expenses. The Seller will pay its pro rata share
(the
Seller's pro rata portion to be determined according to the
percentage that the
aggregate principal balance as of the Cut-off Date of all the
Mortgage Loans
represents as to the aggregate principal balance as of the Cut-off
Date of all
the mortgage loans to be included in the Trust Fund) of all costs
and expenses
of the Purchaser in connection with the transactions contemplated
herein,
including, but not limited to: (i) the costs and expenses of the
Purchaser in
connection with the purchase of the Mortgage Loans; (ii) the costs
and expenses
of reproducing and delivering the Pooling and Servicing Agreement
and this
Agreement and printing (or otherwise reproducing,) and delivering
the
Certificates; (iii) the reasonable and documented fees, costs and
expenses of
the Trustee and its counsel; (iv) the fees and disbursements of a
firm of
certified public accountants selected by the Purchaser and the
Seller with
respect to numerical information in respect of the Mortgage Loans
and the
Certificates included in the Prospectus, the Offering Circular (as
defined in
the Indemnification Agreement) and any related 8-K Information (as
defined in
the Underwriting Agreement), including the cost of obtaining any
"comfort
letters" with respect to such items; (v) the costs and expenses in
connection
with the qualification or exemption of the Certificates under state
securities
or blue sky laws, including filing fees and reasonable fees and
disbursements of
counsel in connection therewith; (vi) the costs and expenses in
connection with
any determination of the eligibility of the Certificates for
investment by
institutional investors in any jurisdiction and the preparation of
any legal
investment survey, including reasonable fees and disbursements of
counsel in
connection therewith; (vii) the costs and expenses in connection
with printing
(or otherwise reproducing) and delivering the Registration
Statement and
Prospectus and the reproducing and delivery of this Agreement and
the furnishing
to the Underwriters of such copies of the Registration Statement,
Prospectus and
this Agreement as the Underwriters may reasonably request; (viii)
the fees of
the rating agency or agencies requested to rate the Certificates;
and (ix) the
reasonable fees and expenses of Cadwalader, Wickersham & Taft
LLP, counsel to
the Purchaser and the Underwriters.
SECTION 11 Severability of Provisions. If any one or more of
the
covenants, agreements, provisions or terms of this Agreement shall
be for any
reason whatsoever held invalid, then such covenants, agreements,
provisions or
terms shall be deemed severable from the remaining covenants,
agreements,
provisions or terms of this Agreement and shall in no way affect
the validity or
enforceability of the other provisions of this Agreement.
Furthermore, the
parties shall in good faith endeavor to replace any provision held
to be invalid
or unenforceable with a valid and enforceable provision which most
closely
resembles, and which has the same economic effect as, the provision
held to be
invalid or unenforceable.
SECTION 12 Governing Law. This Agreement shall be construed in
accordance with the laws of the State of New York without regard to
conflicts of
law principles and the obligations, rights and remedies of the
parties hereunder
shall be determined in accordance with such laws.
SECTION 13 No Third-Party Beneficiaries. The parties do not
intend
the benefits of this Agreement to inure to any third party except
as expressly
set forth in Section 14.
SECTION 14 Assignment. The Seller hereby acknowledges that the
Purchaser has, concurrently with the execution hereof, executed and
delivered
the Pooling and Servicing Agreement and that, in connection
therewith, it has
assigned its rights hereunder to the Trustee for the benefit of
the
Certificateholders. The Seller hereby acknowledges its obligations
pursuant to
Sections 2.01, 2.02 and 2.03 of the Pooling and Servicing
Agreement. This
Agreement shall bind and inure to the benefit of and be enforceable
by the
Seller, the Purchaser and their permitted successors and assigns.
The warranties
and representations and the agreements made by the Seller herein
shall survive
delivery of the Mortgage Loans to the Trustee until the termination
of the
Pooling and Servicing Agreement.
SECTION 15 Notices. All communications hereunder shall be in
writing
and effective only upon receipt and (i) if sent to the Purchaser,
will be
mailed, hand delivered, couriered or sent by facsimile transmission
to it at 85
Broad Street, New York, New York 10004, to the attention of Emily
Brooks, fax
number (212) 346-3594, with a copy to David Stiepleman, fax number
(212)
428-3141, (ii) if sent to the Seller, will be mailed, hand
delivered, couriered
or sent by facsimile transmission and confirmed to it at Greenwich
Capital
Financial Products, Inc., 600 Steamboat Road, Greenwich,
Connecticut 06830, to
the attention of Andrew Snow, fax number (203) 618-2134, with a
copy to Paul
Stevelman, Esq., fax number (203) 618-2132 and (iii) in the case of
any of the
preceding parties, such other address as may hereafter be furnished
to the other
party in writing by such parties.
SECTION 16 Amendment. This Agreement may be amended only by a
written instrument which specifically refers to this Agreement and
is executed
by the Purchaser and the Seller. This Agreement shall not be deemed
to be
amended orally or by virtue of any continuing custom or practice.
No amendment
to the Pooling and Servicing Agreement which relates to defined
terms contained
therein or any obligations or rights of the Seller whatsoever shall
be effective
against the Seller unless the Seller shall have agreed to such
amendment in
writing.
SECTION 17 Counterparts. This Agreement may be executed in any
number of counterparts, and by the parties hereto in separate
counterparts, each
of which when executed and delivered shall be deemed to be an
original and all
of which taken together shall constitute one and the same
instrument.
SECTION 18 Exercise of Rights. No failure or delay on the part
of
any party to exercise any right, power or privilege under this
Agreement and no
course of dealing between the Seller and the Purchaser shall
operate as a waiver
thereof, nor shall any single or partial exercise of any right,
power or
privilege under this Agreement preclude any other or further
exercise thereof or
the exercise of any other right, power or privilege. The rights and
remedies
herein expressly provided are cumulative and not exclusive of any
rights or
remedies which any party would otherwise have pursuant to law or
equity. No
notice to or demand on any party in any case shall entitle such
party to any
other or further notice or demand in similar or other
circumstances, or
constitute a waiver of the right of either party to any other or
further action
in any circumstances without notice or demand.
SECTION 19 No Partnership. Nothing herein contained shall be
deemed
or construed to create a partnership or joint venture between the
parties
hereto. Nothing herein contained shall be deemed or construed as
creating an
agency relationship between the Purchaser and the Seller and
neither party shall
take any action which could reasonably lead a third party to assume
that it has
the authority to bind the other party or make commitments on such
party's
behalf.
SECTION 20 Miscellaneous. This Agreement supersedes all prior
agreements and understandings relating to the subject matter
hereof. Neither
this Agreement nor any term hereof may be waived, discharged or
terminated
orally, but only by an instrument in writing signed by the party
against whom
enforcement of the waiver, discharge or termination is sought.
SECTION 21 Further Assurances. The Seller and Purchaser each
agree
to execute and deliver such instruments and take such further
actions as any
party hereto may, from time to time, reasonably request in order to
effectuate
the purposes and carry out the terms of this Agreement.
* * * * * *
<PAGE>
IN WITNESS WHEREOF, the Purchaser and the Seller have caused
their
names to be signed hereto by their respective officers thereunto
duly authorized
as of the day and year first above written.
GS MORTGAGE SECURITIES CORPORATION II
By: /s/ Leo
Huang
----------------------------------
Name: Leo Huang
Title: CFO
GREENWICH CAPITAL FINANCIAL PRODUCTS,
INC.
By: /s/ Andrew
Snow
----------------------------------
Name: Andrew Snow
Title: Senior Vice President
<PAGE>
EXHIBIT A
MORTGAGE LOAN SCHEDULE
2006-GG8 Greenwich Mortgage Loan Schedule
<TABLE>
<CAPTION>
Control
Loan Loan
Number
Footnotes Number
Group
Property Name
Address
-------
---------
------- -------
---------------------------------------
--------------------------------------------
<S>
<C>
<C>
<C>
<C>
<C>
2
2 06-0316
Group 1
222 South
Riverside Plaza
222 S Riverside and 444 W Jackson
3
06-0574 Group 1
Pointe South
Mountain Resort
7777 South Pointe Parkway
4
06-0690 Group 1
1441 Broadway
1441 Broadway
6
06-0345 Group 1
CA Headquarters
One Computer Associates Plaza
8
06-0689 Group 1
1410 Broadway
1410 Broadway
9
06-0568 Group 1
CityWest
2101 CityWest Boulevard
11
06-0842 Group 1
ECM Theater
Portfolio
11.01
06-0842 Group 1
AMC Theater -
Norwalk, CA
12300 Civic Center Drive
11.02
06-0842 Group 1
AMC
Entertainment, Inc. - Morrow, GA 7065 Mt.
Zion Circle
11.03
06-0842 Group 1
Regal Cinemas,
Inc. - Live Oak, TX
7901 Pat Booker Road
11.04
06-0842 Group 1
Regal Cinemas,
Inc. - Austell, GA
2480 East-West Connector Road
11.05
06-0842 Group 1
Consolidated
Theaters - Roanoke, VA 4730
Valley View Boulevard Northwest
11.06
06-0842 Group 1
Regal Cinemas,
Inc. - Beavercreek, OH 2651 Fairfield
Commons
11.07
06-0842 Group 1
Regal Cinemas,
Inc. - Chula Vista, CA 1025 Tierra Deal
Ray
11.08
06-0842 Group 1
Regal Cinemas,
Inc. - Henrietta, NY 525
Marketplace Drive
11.09
06-0842 Group 1
Cinemark USA,
Inc. - Lubbock, TX
2535 82nd Street
12
06-0383 Group 1
Columbia
Business Center
12.01
06-0383 Group 1
Columbia
Business Center Fee
2501 SE Columbia Way
12.02
06-0383 Group 1
Columbia
Business Center Leasehold
2501 SE Columbia Way
13
06-0623 Group 1
Ariel Preferred
Retail Portfolio
13.01
06-0623 Group 1
Tulare Outlet
Center
1407 Retherford Street
13.02
06-0623 Group 1
Laughlin Outlet
Center
1955 South Casino Drive
13.03
06-0623 Group 1
Medford Outlet
Center
6750 West Frontage Road
13.04
06-0623 Group 1
Warrenton Outlet Center
1000 Warrenton Outlet Center
13.05
06-0623 Group 1
Darien Outlet
Center
One Magnolia Bluff Way
13.06
06-0623 Group 1
Traverse City
Outlet Center
3639 Marketplace Circle
14
06-0759 Group 1
Curtis Center
Office Building
170 South Independence Mall West
15
06-0552 Group 1
Pinnacle II
3300 West Olive Avenue
16
06-0635 Group 1
Gallery at
Cocowalk
3015 Grand Avenue
18
06-0719 Group 1
Pioneer Plaza
900 Fort Street Mall
19
06-0169 Group 1
The Plaza in
Clayton
190 Carondelet Plaza
20
06-0476 Group 1
Rubloff Retail
Portfolio
20.01
06-0476 Group 1
Hutchinson Mall
1500 East 11th Street
20.02
06-0476 Group 1
Lakewood Mall
3315 Sixth Ave Southeast
20.03
06-0476 Group 1
Imperial Mall
SWC of 12th Street and Marian Road
20.04
06-0476 Group 1
Thunderbird Mall
Northwest Quadrant of 12th Ave West
& US Highway 53
21
06-0866 Group 1
Legacy Tech
Center
2100-2190 Gold Street
22
06-0732 Group 1
Tower Place 200
3348 Peachtree Road Northeast
23
06-0803 Group 1
Windsor Square
NC
1814 Windsor Square Drive
24
05-0602 Group 1
Media Studios
North
3355 West Empire Avenue
26
06-0617 Group 1
Clybourn
Galleria
1840 North Clybourn Avenue
27
06-0467 Group 1
Penn Station
Shopping Center
5550 Silver Hill Road
28
06-0429 Group 1
Hitachi Plaza
2000 Sierra Point Parkway
29
06-0525 Group 2
Meridian
Apartments
1401 Aschinger Boulevard
30
06-0783 Group 1
One Bowdoin
Square
One Bowdoin Square
32
06-0477 Group 1
Algonquin Center
NWC of South Randall Road and Harnish Drive
33
06-0697 Group 1
55 Summer Street
55 Summer Street
34
06-0469 Group 2
Seramont
Apartments
2500 North Highway 121
41
06-0543 Group 2
Cimarron
Apartments
8301 West Flamingo Road
42
06-0508 Group 1
Holiday Inn -
Albany
205 Wolf Road
43
06-0478 Group 1
Gateway Mall
North Alpine Road & West Lane Road
44
06-0558 Group 1
Dauphin Plaza
3830-3884 Union Deposit Road
45
06-0785 Group 1
Stanley Works
1000 Stanley Drive
50
06-0548 Group 1
Breckinridge
Center
3300-3355 Breckinridge Boulevard
52
06-0296 Group 1
The Clark
Building
717 Liberty Avenue
53
06-0735 Group 1
Latham Lowe's
800 Loudon Road
56
06-0627 Group 1
4801 Woodway
Drive
4801 Woodway Drive
58
06-0575 Group 1
Waterfront Plaza
- Reno
300 East 2nd Street
59
06-0594 Group 1
Royal Appliance
7005 Cochran Road
60
06-0736 Group 1
Amadeus Center
9250 NW 36th Street
61
06-0393 Group 1
Carolina First
1501 Main Street
62
06-0488 Group 1
Wilshire Roxbury
9654 & 9660-9696 Wilshire Boulevard
63
06-0571 Group 1
Prestige Place I
and II
2600 & 2650 McCormick Drive
64
06-0806 Group 1
Woods at
Brokenland & Rivers Center III 9700 Patuxent Woods Drive
& 10270,
10280 & 10290 Old Columbia Road
65
06-0479 Group 1
Rockford
Crossing
NWC of East State Street and Mill Road
67
06-0761 Group 2
Glens at Rolling
Ridge
3998 Audrey Rae Lane
68
06-0475 Group 1
Rubloff Center
4949 and 4751 Harrison Avenue
69
06-0298 Group 1
King's Grant
Commons
US Highway 401 and Ten-Ten Road
71
06-0380 Group 1
Oviedo Town
Center
199 E. Mitchell Hammock Road
73
05-0209 Group 1
River Street Inn
115 East River Street
74
06-0628 Group 1
Titan Building
& Plaza
2700 NE Loop 410 and 8200 Perrin Beitel Road
79
06-0557 Group 1
West Bridgewater
Plaza
2077 North Main Street
82
06-0428 Group 1
SoCal Self
Storage - Pasadena
2581 E. Colorado Boulevard
83
06-0447 Group 1
260 Park Ave
South
260 Park Avenue South
85
06-0396 Group 1
San Marin Plaza
101-270 San Marin Drive
86-a
3 06-0802
Group 1
11450 Technology
Circle
11450 Technology Circle
86-b
3 06-0802
Group 1
11450 Technology
Circle
89
06-0814 Group 2
Broad Street
Apartments
5-7, 17-19, and 27 West Broad Street
93
06-0582 Group 1
Comfort Suites
at World Golf Village 475
Commerce Lake Drive
94
06-0442 Group 1
SoHo 25 Retail
Condominium
25 Houston Street
97
06-0626 Group 1
Extra Space
Storage
2222 N. Figueroa Street
98
06-0717 Group 1
Quail Lakes
Executive Office Park
2291 West March Lane
101
06-0592 Group 1
Carolina
Corporate Center
5400 Glenwood Avenue
103
06-0471 Group 1
Lake Mary
Business Center
1150 Emma Oaks Trail
105
05-0456 Group 1
SoCal Self
Storage - RSM
30231 Tomas Road
107
06-0808 Group 1
Maurice Villency
Furniture II
200 Robbins Lane
112
06-0756 Group 2
University Club
Apartments
1441 Leah Avenue
118
06-0355 Group 1
Vacaville Ford
148 Peabody Road
119
06-0539 Group 1
StorQuest Playa
Vista
12821 West Jefferson Boulevard
121
06-0591 Group 1
50 Santa Rosa
Avenue
50 Santa Rosa Avenue
125
06-0195 Group 1
AIM Self Storage
2200 North Cota Street
127
06-0670 Group 1
6630 McCarran
Building C
6630 South McCarran Boulevard, Building C
128
06-0733 Group 1
1054 De Anza
Boulevard
1054 S De Anza Boulevard
130
06-0419 Group 2
Meadows Student
Housing
62 Court Street & 10 Hillside Drive
134
06-0613 Group 1
1000 Armitage
Avenue
1000 W. Armitage Avenue
137
06-0734 Group 1
North Creek
Professional Building
18425 West Creek Drive
139
05-1380 Group 1
12 Havemeyer
Place
12 Havemeyer Place
140
06-0451 Group 1
Holiday Inn
Express Kannapolis
2491 Wonder Drive
141
06-0491 Group 1
Sunset Place
3720-3740 East Sunset Road
142
06-0249 Group 1
Parkway Plaza
10410 Kensington Parkway
148
06-0741 Group 2
Pineridge
Apartments
2790 Pineridge Drive NW
149
06-0506 Group 1
Doral Court
Plaza
8484 NW 36 Street
153
06-0666 Group 1
Lexington Quail
1301, 1311 and 1321 N. McCarran Boulevard
154
06-0148 Group 1
Storage Station
4530 South Peoria
155
06-0805 Group 1 Maurice Villency Furniture
685 Route 17
158
06-0739 Group 2
Limewood
Apartments
572 Limewood Drive
160
06-0588 Group 1
Turnberry
Industrial
27215 West Turnberry Lane, Building 28
<CAPTION>
Monthly
Gross
Remaining
Control
Cut-Off Date Debt
Interest
Term To
Number
City
State
Zip Code Balance
($)
Service ($) Rate (%) Maturity (Mos.)
-------
---------------------- -------------- -------- ------------ ------------ -------- ---------------
<S>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
2
Chicago
Illinois
60606
202,000,000
1,236,007.87 6.19100%
116
3
Phoenix
Arizona
85044
190,000,000
1,223,508.59 6.68000%
118
4
New York
New York
10018
183,000,000 910,854.97
5.89100%
119
6
Islandia
New York
11749
165,643,200 974,074.04
6.96000%
118
8
New York
New York
10018
125,000,000 656,598.67
6.21700%
119
9
Houston
Texas
77042
121,000,000 737,557.81
6.15500%
117
11
112,050,000 616,219.23
6.50900%
60
11.01 Norwalk
California
90650
11.02 Morrow
Georgia
30260
11.03 Live Oak
Texas
78233
11.04 Austell
Georgia
30106
11.05 Roanoke
Virginia
24012
11.06 Beavercreek
Ohio
45431
11.07 Chula Vista
California
91910
11.08 Henrietta
New York
14623
11.09 Lubbock
Texas
79423
12
106,000,000 621,905.93
6.94400%
58
12.01 Vancouver
Washington
98661
12.02 Vancouver
Washington
98661
13
94,000,000 639,079.37
7.21600%
58
13.01 Tulare
California
93274
13.02 Laughlin
Nevada
89029
13.03 Medford
Minnesota
55049
13.04 Warrenton
Missouri
63383
13.05 Darien
Georgia
31305
13.06 Traverse City
Michigan
49684
14
Philadelphia
Pennsylvania
19106 92,000,000
481,546.53
6.19500%
59
15
Burbank
California
91505 85,600,000
530,566.30
6.31300%
119
16
Coconut Grove
Florida
33133 79,425,000
494,158.82
6.34900%
119
18
Honolulu
Hawaii
96813 65,000,000
402,162.85
6.29600%
119
19
Clayton
Missouri
63105 62,200,000
310,011.57
5.89900%
120
20
57,458,000 339,885.77
5.87500%
120
20.01 Hutchinson
Kansas
67501
20.02 Aberdeen
South Dakota
57401
20.03 Hastings
Nebraska
68901
20.04 Virginia
Minnesota
55792
21
San Jose
California
95002 52,875,000
263,579.43
5.90000%
84
22
Atlanta
Georgia
30326 50,500,000
271,666.04
6.36700%
60
23
Matthews
North Carolina 28105
50,000,000 302,674.50
6.09000%
120
24 Burbank
California
91504 47,000,000
263,333.00
5.38000%
120
26
Chicago
Illinois
60614 39,500,000
235,987.80
6.40200%
120
27
District Heights
Maryland
20747 39,296,000
209,368.54
6.30600%
59
28
Brisbane
California
94005 38,000,000
234,887.74
6.28700%
117
29
Columbus
Ohio
43212 33,600,000
171,752.78
6.05000%
117
30
Boston
Massachusetts
02114 31,815,000
167,977.68
6.24900%
120
32
Algonquin
Illinois
60102 28,600,000
141,965.57
5.87500%
120
33
Boston
Massachusetts
02110 28,400,000
150,810.90
6.28500%
120
34
Euless
Texas
76039 26,850,000
147,775.07
6.51400%
57
41
Las Vegas
Nevada
89147 22,000,000
119,018.73
6.40300%
118
42
Albany
New York
12205 21,500,000
156,263.16
7.90000%
59
43
Machesney Park
Illinois
61115 20,750,000
102,999.49
5.87500%
120
44
Harrisburg
Pennsylvania
17109 19,750,000
121,077.99
6.20900%
119
45
New Britain
Connecticut
06053 19,550,000
101,188.90
6.12600%
120
50
Duluth
Georgia
30096 18,200,000
112,771.71
6.31000%
120
52
Pittsburgh
Pennsylvania
15222 18,000,000
101,698.12
6.68700%
58
53
Colonie
New York
12211 17,500,000
86,645.25
5.86000%
119
56
Houston
Texas
77056 17,060,000
106,577.30
6.38800%
119
58
Reno
Nevada
89501 17,000,000
107,563.39
6.51000%
117
59
Glenwillow
Village Ohio
44139 17,000,000
103,348.77
6.13000%
119
60
Doral
Florida
33178 16,500,000
90,755.73
6.51000%
119
61
Columbia
South Carolina 29201
16,400,000 99,595.11
6.12000%
117
62
Beverly Hills
California
90212 15,500,000
80,658.66
6.15900%
117
63
Clearwater
Florida
33759 15,200,000
93,490.18
6.24000%
117
64
Columbia
Maryland
21046 14,650,353
98,394.82
6.19000%
104
65
Rockford
Illinois
61108
14,300,000 70,982.78
5.87500%
120
67
Howell
Michigan
48843 13,500,000
83,315.08
6.27200%
120
68
Rockford
Illinois
61108
13,392,000
79,218.74
5.87500%
120
69
Fuquay Varina
North Carolina 27526
13,300,000 83,105.22
6.39000%
120
71
Oviedo
Florida
32765 12,565,000
77,855.85 6.31000%
119
73
Savannah
Georgia
31401 12,473,280
84,220.10
7.14700%
57
74
San Antonio
Texas
78218 12,200,000
74,634.15
6.18900%
118
79
West Bridgewater
Massachusetts
02379 11,000,000
67,435.84
6.20900%
119
82
Pasadena
California
91107 10,500,000
67,295.15
6.63400%
117
83
New York
New York
10010 10,500,000
54,471.18
6.14000%
118
85
Novato
California
94945 9,650,000
58,419.92
6.09060%
116
86-a
Duluth
Georgia
30097 6,495,429
52,613.57
7.50000%
33
86-b
2,941,090 25,795.65
8.58000%
33
89
Richmond
Virginia
23220 9,200,000
56,347.15
6.20000%
120
93
St. Augustine
Florida
32095 8,592,488
55,357.07
6.67600%
119
94
New York
New York
10012 8,500,000
54,623.29
6.66000%
118
97
Los Angeles
California
90065 8,160,000
53,469.15
6.85000%
119
98
Stockton
California
95207 8,125,000
42,459.24
6.18500%
118
101
Raleigh
North Carolina 27612
7,620,000
46,260.51
6.11700%
118
103
Lake Mary
Florida
32746 7,533,665
49,472.07
6.85000%
57
105
Rancho Santa
Margarita
California
92688 7,250,000
46,465.70
6.63400%
117
107
Syosset
New York
11791 7,126,668
61,964.00
7.94000%
37
112
San Marcos
Texas
78666 6,600,000
40,132.18
6.13200%
120
118
Vacaville
California
95687 6,500,000
44,033.26
7.18000%
120
119
Los Angeles
California
90066 6,000,000
37,091.45
6.28800%
118
121
Santa Rosa
California
95404 6,000,000
34,659.79
6.83700%
118
125
Norco
California
92880 5,600,000
35,322.18
6.48000%
116
127
Reno
Nevada
89509 5,400,000
32,375.73
6.00000%
119
128
San Jose
California
95014 5,400,000
27,238.12
5.97000%
120
130
Geneseo
New York
14454 5,400,000
33,583.09
6.34500%
117
134
Chicago
Illinois
60614 5,000,000
31,475.27
6.46100%
117
137
Tinley Park
Illinois
60477 4,774,000
28,930.19
6.10000%
119
139
Greenwich
Connecticut
06830 4,500,000
27,883.12
6.31000%
50
140
Kannapolis
North Carolina 28083
4,489,044
30,779.16
6.64000%
118
141
Las Vegas
Nevada
89120 4,400,000
27,863.10
6.51800%
118
142
Kensington
Maryland
20895 4,392,798
27,770.49
6.48600%
118
148
Walker
Michigan
49534 3,900,000
22,863.50
5.79200%
120
149
Doral
Florida
33166 3,720,000
22,817.65
6.21400%
118
153
Sparks
Nevada
89431 2,525,000
15,138.65
6.00000%
119
154
Tulsa
Oklahoma
74105 2,441,807
21,108.48
6.32600%
119
155
Paramus
New Jersey
07652 2,400,036
21,045.00
8.09000%
38
158
Battle Creek
Michigan
49017 2,000,000
11,724.87
5.79200%
120
160
Valencia
California
91355 1,000,000
5,289.97
6.26100%
119
<CAPTION>
Remaining
Interest
Control
Amortization Term Accrual Subservicing
Servicing
Administrative Ground
Mortgage
Number
Maturity Date
(Mos.)
Method Fee Rate (%)
Fee Rate (%)
Fee
Rate (%) Lease Y/N
Loan Seller
-------
-------------
----------------- ---------- ------------ ------------ --------------
---------
-----------
<S>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
<C>
2
6/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
3
8/6/2016
360 Actual/360
0.02000%
0.02049% Yes
GCFP
4
9/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
6
8/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
8
9/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
9
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
11
10/6/2011
0 Actual/360
0.02000%
0.02049%
GCFP
11.01
No
11.02
No
11.03
No
11.04
No
11.05
No
11.06
No
11.07
No
11.08
No
11.09
No
12
8/6/2011
0 Actual/360
0.01000%
0.02000%
0.03049%
GCFP
12.01
No
12.02
Yes
13
8/6/2011
360 Actual/360
0.02000%
0.02049%
GCFP
13.01
No
13.02
No
13.03
No
13.04
No
13.05
Yes
13.06
No
14
9/6/2011
0 Actual/360
0.02000%
0.02049% No
GCFP
15 9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
16
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
18 9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
19
10/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
20 10/6/2016
360 Actual/360
0.02000%
0.02049%
GCFP
20.01
No
20.02
No
20.03
No
20.04
No
21
10/6/2013
0 Actual/360
0.02000%
0.02049% No
GCFP
22
10/6/2011
0 Actual/360
0.02000%
0.02049% No
GCFP
23
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
24
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
26
10/6/2016
420 Actual/360
0.02000%
0.02049% No
GCFP
27
9/6/2011
0 Actual/360
0.02000%
0.02049% No
GCFP
28
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
29
7/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
30
11/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
32
10/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
33
10/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
34
7/6/2011
0 Actual/360
0.02000%
0.02049% No
GCFP
41
8/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
42
9/6/2011
360 Actual/360
0.02000%
0.02049% No
GCFP
43
10/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
44
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
45
10/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
50
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
52
8/6/2011
0 Actual/360
0.02000%
0.02049% No
GCFP
53
9/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
56
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
58
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
59
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
60
9/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
61
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
62
7/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
63
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
64
6/1/2015
284
30/360
0.02000%
0.02049% No
GCFP
65
10/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
67
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
68
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
69
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
71
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
73
7/6/2011
360 Actual/360
0.02000%
0.02049% Yes
GCFP
74
8/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
79
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
82
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
83
8/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
85
6/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
86-a
7/1/2009
237
30/360
0.02000%
0.02049% No
GCFP
86-b
7/1/2009
230
30/360
0.02000%
0.02049% No
GCFP
89
10/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
93
9/6/2016
359 Actual/360
0.05000%
0.02000%
0.07049% No
GCFP
94
8/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
97
9/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
98
8/6/2016
0 Actual/360
0.02000%
0.02049% No
GCFP
101
8/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
103
7/6/2011
357 Actual/360
0.02000%
0.02049% No
GCFP
105
7/6/2016
360 Actual/360
0.02000%
0.02049% No
GCFP
107
11/1/2009
217
30/360
0.0200