MORTGAGE LOAN PURCHASE AND SALE AGREEMENT

 

                                                                    EXHIBIT 99.1

 

 

 

                    MORTGAGE LOAN PURCHASE AND SALE AGREEMENT

 

            This Mortgage Loan Purchase and Sale Agreement (this "Agreement") is

dated and effective as of December 16, 2004, between Bank of America, N.A., as

seller (the "Seller" or "Bank of America"), and Banc of America Commercial

Mortgage Inc., as purchaser (the "Purchaser" or "BACM").

 

            The Seller desires to sell, assign, transfer and otherwise convey to

the Purchaser, and the Purchaser desires to purchase, subject to the terms and

conditions set forth below, the multifamily and commercial mortgage loans (the

"Mortgage Loans") identified on the schedule annexed hereto as Schedule I (the

"Mortgage Loan Schedule") except that the Seller will retain the master

servicing rights (the "Servicing Rights") with regard to the Mortgage Loans in

its capacity as Master Servicer (as defined below) and shall enter into certain

Sub-Servicing Agreements with Sub-Servicers, all as contemplated in the Pooling

and Servicing Agreement (as defined below).

 

            The Purchaser intends to transfer or cause the transfer of the

Mortgage Loans to a trust (the "Trust") created pursuant to the Pooling and

Servicing Agreement (as defined below). Beneficial ownership of the assets of

the Trust (such assets collectively, the "Trust Fund") will be evidenced by a

series of commercial mortgage pass-through certificates (the "Certificates").

Certain classes of the Certificates will be rated by Standard & Poor's Ratings

Services, a division of The McGraw-Hill Companies, Inc. and/or Fitch, Inc.

(together, the "Rating Agencies"). Certain classes of the Certificates (the

"Registered Certificates") will be registered under the Securities Act of 1933,

as amended (the "Securities Act"). The Trust will be created and the

Certificates will be issued pursuant to a pooling and servicing agreement to be

dated as of December 1, 2004 (the "Pooling and Servicing Agreement"), among

BACM, as depositor, Bank of America, as master servicer (the "Master Servicer"),

Midland Loan Services, Inc., as special servicer (the "Special Servicer") and La

Salle Bank National Association, as trustee (in such capacity, the "Trustee")

and REMIC administrator, and ABN AMRO Bank N.V., as fiscal agent. Capitalized

terms used but not otherwise defined herein have the respective meanings

assigned to them in the Pooling and Servicing Agreement.

 

            BACM intends to sell the Registered Certificates to Banc of America

Securities LLC ("BAS"), Bear, Stearns & Co. Inc. ("Bear Stearns") and Goldman,

Sachs & Co. ("Goldman Sachs" and collectively with BAS and Bear Stearns, the

"Underwriters") pursuant to an underwriting agreement, dated as of December 16,

2004 (the "Underwriting Agreement"). BACM intends to sell certain of the

remaining Classes of Certificates (the "Non-Registered Certificates") through

BAS, as placement agent thereof (the "Placement Agent"), pursuant to a private

placement agency agreement dated as of December 16, 2004 (the "Placement

Agreement"), between BAS and BACM. The Registered Certificates are more fully

described in the prospectus dated December 16, 2004 (the "Basic Prospectus"),

and the supplement to the Basic Prospectus dated December 16, 2004 (the

"Prospectus Supplement"; and, together with the Basic Prospectus, the

"Prospectus"), as each may be amended or supplemented at any time hereafter. The

Non-Registered Certificates are more fully described in the private placement

memorandum dated December 16, 2004 (the "Memorandum"), as it may be amended or

supplemented at any time hereafter.

 

            The Seller will indemnify the Underwriters and certain related

parties with respect to certain disclosure regarding the Mortgage Loans and

contained in the Prospectus and certain other disclosure documents and offering

materials relating to the Certificates, pursuant to an indemnification

agreement, dated as of December 16, 2004 (the "Indemnification Agreement"),

among the Seller, the Purchaser and the Underwriters.

 

            Now, therefore, in consideration of the premises and the mutual

agreements set forth herein, the parties agree as follows:

 

            SECTION 1. Agreement to Purchase.

 

            The Seller agrees to sell, and the Purchaser agrees to purchase the

Mortgage Loans. The closing for the purchase and sale of the Mortgage Loans

shall take place on the Closing Date. The purchase price for the Mortgage Loans

shall be an amount agreed upon by the parties in a separate writing, which

amount includes interest accrued on the Mortgage Loans on or after the Cut-off

Date (including the Interest Deposit Amount) and which amount shall be payable

on or about December 22, 2004 in immediately available funds. The Purchaser

shall be entitled to all interest accrued on the Mortgage Loans on and after the

Cut-off Date and all principal payments received on the Mortgage Loans after the

Cut-off Date except for principal and interest payments due and payable on the

Mortgage Loans on or before the Cut-off Date, which shall belong to the Seller.

 

            SECTION 2. Conveyance of the Mortgage Loans.

 

            (a) Effective as of the Closing Date, subject only to receipt of the

purchase price referred to in Section 1 hereof and satisfaction of the other

conditions set forth herein, the Seller will transfer, assign, set over and

otherwise convey to the Purchaser, without recourse, but subject to the terms

and conditions of this Agreement, all the right, title and interest of the

Seller in and to the Mortgage Loans (other than the Servicing Rights).

 

            (b) The Purchaser shall be entitled to receive all scheduled

payments of principal and interest due on the Mortgage Loans after the Cut-off

Date, and all other recoveries of principal and interest collected thereon after

the Cut-off Date (other than scheduled payments of principal and interest due on

the Mortgage Loans on or before the Cut-off Date and collected after the Cut-off

Date, which shall belong and be promptly remitted to the Seller).

 

             (c) On or before the Closing Date or within the time periods

specified in Section 2.01 of the Pooling and Servicing Agreement, the Seller

shall deliver or cause to be delivered to the Purchaser or, if so directed by

the Purchaser, to the Trustee or a custodian designated by the Trustee (a

"Custodian"), the documents, instruments and agreements required to be delivered

by the Purchaser to the Trustee under Section 2.01 of the Pooling and Servicing

Agreement, and meeting all the requirements of such Section 2.01, and such other

documents, instruments and agreements as the Purchaser or the Trustee shall

reasonably request.

 

            (d) The Seller hereby represents that it has, on behalf of the

Purchaser, delivered to the Trustee the Mortgage File for each Mortgage Loan.

All Mortgage Files delivered prior to the Closing Date will be held by the

Trustee in escrow at all times prior to the Closing Date. Each Mortgage File

shall contain the documents set forth in the definition of Mortgage File under

the Pooling and Servicing Agreement.

 

            (e) If the Seller is unable to deliver or cause the delivery of any

original Mortgage Note, it may deliver a copy of such Mortgage Note, together

with a lost note affidavit, and indemnity, and shall thereby be deemed to have

satisfied the document delivery requirements of Section 2(c). If the Seller

cannot so deliver, or cause to be delivered, as to any Mortgage Loan, the

original or a copy of any of the documents and/or instruments referred to in

clauses (ii), (iii), (vi), (viii) and (x) of the definition of "Mortgage File"

in the Pooling and Servicing Agreement, with evidence of recording or filing (if

applicable, and as the case may be) thereon, 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, as the case may be, so long as a copy of

such document or instrument, certified by the Seller as being a copy of the

document deposited for recording or filing, has been delivered, and then subject

to the requirements of Section 4(d), the delivery requirements of Section 2(c)

shall be deemed to have been satisfied as to such missing item, and such missing

item shall be deemed to have been included in the related Mortgage File. If the

Seller cannot or does not so deliver, or cause to be delivered, as to any

Mortgage Loan, the original of any of the documents and/or instruments referred

to in clauses (iv) and (v) of the definition of "Mortgage File" in the Pooling

and Servicing Agreement, because such document or instrument has been delivered

for recording or filing, as the case may be, then subject to Section 4(d), the

delivery requirements of Section 2(c) shall be deemed to have been satisfied as

to such missing item, and such missing item shall be deemed to have been

included in the related Mortgage File. If the Seller cannot so deliver, or cause

to be delivered, as to any Mortgage Loan, the Title Policy solely because such

policy has not yet been issued, the delivery requirements of Section 2(c) shall

be deemed to be satisfied as to such missing item, and such missing item shall

be deemed to have been included in the related Mortgage File, provided that the

Seller, shall have delivered to the Trustee or a Custodian appointed thereby, on

or before the Closing Date, a binding commitment for title insurance "marked-up"

at the closing of such Mortgage Loan countersigned by the related title company

or its authorized agent.

 

            (f) [Reserved].

 

            (g) In connection with its assignment of the Mortgage Loans

hereunder, the Seller hereby expressly assigns to or at the direction of the

Depositor to the Trustee for the benefit of the Certificateholders any and all

rights it may have with respect to representations and warranties made by a

third party originator with respect to any Mortgage Loan under the mortgage loan

purchase agreement between the Seller and such third party originator that

originated such Mortgage Loan pursuant to which the Seller originally acquired

such Mortgage Loan from such third party originator.

 

            (h) If and when the Seller is notified of or discovers any error in

the Mortgage Loan Schedule attached to this Agreement as to which a Mortgage

Loan is affected, the Seller shall promptly amend the Mortgage Loan Schedule and

distribute such amended Mortgage Loan Schedule to the parties to the Pooling and

Servicing Agreement; provided, however, that the correction or amendment of the

Mortgage Loan Schedule by itself shall not be deemed to be a cure of a Material

Breach.

 

            (i) Under generally accepted accounting principles ("GAAP") and for

federal income tax purposes, the Seller will report the transfer of the Mortgage

Loans to the Purchaser as a sale of the Mortgage Loans to the Purchaser in

exchange for the consideration referred to in Section 1 hereof. In connection

with the foregoing, the Seller shall cause all of its records to reflect such

transfer as a sale (as opposed to a secured loan).

 

            SECTION 3. Examination of Mortgage Files and Due Diligence Review.

 

            The Seller shall reasonably cooperate with an examination of the

Mortgage Files and Servicing Files for the Mortgage Loans that may be undertaken

by or on behalf of the Purchaser. The fact that the Purchaser has conducted or

has failed to conduct any partial or complete examination of such Mortgage Files

and/or Servicing Files shall not affect the Purchaser's (or any other specified

beneficiary's) right to pursue any remedy available hereunder for a breach of

the Seller's representations and warranties set forth in Section 4, subject to

the terms and conditions of Section 4(c).

 

            SECTION 4. Representations, Warranties and Covenants of the Seller.

 

            (a) The Seller hereby represents and warrants to and for the benefit

of the Purchaser as of the Closing Date that:

 

            (i) The Seller is a national banking association, duly authorized,

      validly existing and in good standing under the laws of the United States

      of America.

 

            (ii) The execution and delivery of this Agreement by the Seller, and

      the performance of Seller's obligations under this Agreement, will not

      violate the Seller's organizational documents or constitute a default (or

      an event which, with notice or lapse of time, or both, would constitute a

      default) under, or result in the breach of, any material agreement or

      other instrument to which it is a party or which is applicable to it or

      any of its assets, which default or breach, in the Seller's good faith and

      commercially reasonable judgment is likely to affect materially and

      adversely either the ability of the Seller to perform its obligations

      under this Agreement or its financial condition.

 

             (iii) The Seller has the full power and authority to enter into and

      perform its obligations under this Agreement, has duly authorized the

      execution, delivery and performance of this Agreement, and has duly

      executed and delivered this Agreement.

 

            (iv) This Agreement, assuming due authorization, execution and

      delivery by the Purchaser, constitutes a valid, legal and binding

      obligation of the Seller, enforceable against the Seller in accordance

      with the terms hereof, subject to (A) applicable bankruptcy, insolvency,

      reorganization, fraudulent transfer, moratorium and other laws affecting

      the enforcement of creditors' rights generally and (B) general principles

      of equity, regardless of whether such enforcement is considered in a

      proceeding in equity or at law.

 

            (v) The Seller is not in violation of, and its execution and

      delivery of this Agreement and its performance and compliance with the

      terms of this Agreement will not constitute a violation of, any law, any

      order or decree of any court or arbiter, or any order, regulation or

      demand of any federal, state or local governmental or regulatory

      authority, which violation, in the Seller's good faith and reasonable

      judgment, is likely to affect materially and adversely either the ability

      of the Seller to perform its obligations under this Agreement or the

      financial condition of the Seller.

 

            (vi) No litigation is pending with regard to which the Seller has

      received service of process or, to the best of the Seller's knowledge,

      threatened against the Seller which if determined adversely to the Seller

      would prohibit the Seller from entering into this Agreement, or in the

      Seller's good faith and reasonable judgment, would be likely to materially

      and adversely affect either the ability of the Seller to perform its

      obligations under this Agreement or the financial condition of the Seller.

 

             (vii) No consent, approval, authorization or order of, or filing or

      registration with, any state or federal court or governmental agency or

      body is required for the consummation by the Seller of the transactions

      contemplated herein, except for those consents, approvals, authorizations

      and orders that previously have been obtained and those filings and

      registrations that previously have been completed, and except for those

      filings and recordings of Mortgage Loan documents and assignments thereof

      that are contemplated by the Pooling and Servicing Agreement to be

      completed after the Closing Date.

 

            (b) The Seller hereby makes the representations and warranties

contained in Schedule II (subject to any exceptions thereto listed on Schedule

IIA) to and for the benefit of the Purchaser as of the Closing Date (or as of

such other dates specifically provided in the particular representation and

warranty), with respect to (and solely with respect to) each Mortgage Loan.

 

            (c) Upon discovery of any Material Breach or Material Document

Defect, the Purchaser or its designee shall notify the Seller thereof in writing

and request that the Seller correct or cure such Material Breach or Material

Document Defect. Within 90 days of the earlier of discovery or receipt of

written notice by the Seller that there has been a Material Breach or a Material

Document Defect (such 90-day period, the "Initial Resolution Period"), the

Seller shall (i) cure such Material Breach or Material Document Defect, as the

case may be, in all material respects or (ii) repurchase each affected Mortgage

Loan or REO Loan (each, a "Defective Mortgage Loan") at the related Purchase

Price in accordance with the terms hereof and, if applicable, the terms of the

Pooling and Servicing Agreement, with payment to be made in accordance with the

reasonable directions of the Purchaser; provided that if the Seller certifies in

writing to the Purchaser (i) that, as evidenced by an accompanying Opinion of

Counsel, any such Material Breach or Material Document Defect, as the case may

be, does not and will not cause the Defective Mortgage Loan, to fail to be a

"qualified mortgage" within the meaning of Section 860G(a)(3) of the REMIC

Provisions, (ii) that such Material Breach or Material Document Defect, as the

case may be, is capable of being corrected or cured but not within the

applicable Initial Resolution Period, (iii) that the Seller has commenced and is

diligently proceeding with the cure of such Material Breach or Material Document

Defect, as the case may be, within the applicable Initial Resolution Period, and

(iv) that the Seller anticipates that such Material Breach or Material Document

Defect, as the case may be, will be corrected or cured within an additional

period not to exceed the Resolution Extension Period (as defined below), then

the Seller shall have an additional period equal to the applicable Resolution

Extension Period to complete such correction or cure or, failing such, to

repurchase the Defective Mortgage Loan; and provided, further, that, if the

Seller's obligation to repurchase any Defective Mortgage Loan as a result of a

Material Breach or Material Document Defect arises within the three-month period

commencing on the Closing Date (or within the two-year period commencing on the

Closing Date if the Defective Mortgage Loan is a "defective obligation" within

the meaning of Section 860G(a)(4)(B)(ii) of the Code and Treasury Regulation

Section 1.860G-2(f)), and if the Defective Mortgage Loan is still subject to the

Pooling and Servicing Agreement, the Seller may, at its option, in lieu of

repurchasing such Defective Mortgage Loan (but, in any event, no later than such

repurchase would have to have been completed), (i) replace such Defective

Mortgage Loan with one or more substitute mortgage loans that individually and

collectively satisfy the requirements of the definition of "Qualifying

Substitute Mortgage Loan" set forth in the Pooling and Servicing Agreement, and

(ii) pay any corresponding Substitution Shortfall Amount, such substitution and

payment to be effected in accordance with the terms of the Pooling and Servicing

Agreement. Any such repurchase or replacement of a Defective Mortgage Loan shall

be on a whole loan, servicing released basis. The Seller shall have no

obligation to monitor the Mortgage Loans regarding the existence of a Material

Breach or Material 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.

 

            For purposes of this Section 4(c), "Resolution Extension Period"

shall mean:

 

            (i) for purposes of remediating a Material Breach with respect to

      any Mortgage Loan, the 90-day period following the end of the applicable

      Initial Resolution Period;

 

            (ii) for purposes of remediating a Material Document Defect with

      respect to any Mortgage Loan that is not a Specially Serviced Loan at the

      commencement of, and does not become a Specially Serviced Loan during, the

      applicable Initial Resolution Period, the period commencing at the end of

      the applicable Initial Resolution Period and ending on, and including, the

      earlier of (i) the 90th day following the end of such Initial Resolution

      Period and (ii) the 45th day following receipt by the Seller of written

      notice from the Master Servicer or the Special Servicer of the occurrence

      of any Servicing Transfer Event with respect to such Mortgage Loan

      subsequent to the end of such Initial Resolution Period;

 

            (iii) for purposes of remediating a Material Document Defect with

      respect to any Mortgage Loan that is a not a Specially Serviced Loan as of

      the commencement of the applicable Initial Resolution Period, but as to

      which a Servicing Transfer Event occurs during such Initial Resolution

      Period, the period commencing at the end of the applicable Initial

      Resolution Period and ending on, and including, the 90th day following

      receipt by the Seller of written notice from the Master Servicer or the

      Special Servicer of the occurrence of such Servicing Transfer Event; and

 

            (iv) for purposes of remediating a Material Document Defect with

      respect to any Mortgage Loan that is a Specially Serviced Loan as of the

      commencement of the applicable Initial Resolution Period, zero (-0-) days;

      provided, however, that if the Seller did not receive written notice from

      the Master Servicer or the Special Servicer of the relevant Servicing

      Transfer Event as of the commencement of the applicable Initial Resolution

      Period, then such Servicing Transfer Event shall be deemed to have

      occurred during such Initial Resolution Period and the immediately

      preceding clause (iii) of this definition will be deemed to apply.

 

            In addition, the applicable Seller shall have an additional 90 days

to cure such Material Document Defect or Material Beach, provided that the

Seller has commenced and is diligently proceeding with the cure of such Material

Document Defect or Material Breach and such failure to cure is solely the result

of a delay in the return of documents from the local filing or recording

authorities.

 

            If one or more of the Mortgage Loans constituting a

Cross-Collateralized Group are the subject of a Breach or Document Defect, then,

for purposes of (i) determining whether such Breach or Document Defect is a

Material Breach or Material Document Defect, as the case may be, and (ii) the

application of remedies, such Cross-Collateralized Group shall be treated as a

single Mortgage Loan.

 

            If (x) any Mortgage Loan is required to be repurchased or

substituted as contemplated in this Section 4(c), (y) such Mortgage Loan is a

Cross-Collateralized Mortgage Loan or part of a portfolio of Mortgaged

Properties (that provides that a property may be uncrossed from the other

Mortgaged Properties) and (z) the applicable Material Breach or Material

Document Defect does not constitute a Material Breach or Material Document

Defect, as the case may be, as to any related Cross-Collateralized Mortgage Loan

or applies to only specific Mortgaged Properties included in such portfolio

(without regard to this paragraph), then the applicable Material Breach or

Material Document Defect (as the case may be) will be deemed to constitute a

Material Breach or Material Document Defect (as the case may be) as to any

related Cross-Collateralized Mortgage Loan and to each other Mortgaged Property

included in such portfolio and the Seller shall repurchase or substitute for any

related Cross-Collateralized Mortgage Loan in the manner described above unless,

in the case of a Material Breach or Material Document Defect, both of the

following conditions would be satisfied if the Seller were to repurchase or

substitute for only the affected Cross-Collateralized Mortgage Loans or affected

Mortgaged Properties as to which a Material Breach or Material Document Defect

had occurred without regard to this paragraph: (i) the debt service coverage

ratio for any remaining Cross-Collateralized Mortgage Loans or Mortgaged

Properties for the four calendar quarters immediately preceding the repurchase

or substitution is not less than the greater of (a) the debt service coverage

ratio immediately prior to the repurchase, (b) the debt service coverage ratio

on the Closing Date, and (c) 1.25x and (ii) the loan-to-value ratio for any

remaining Cross-Collateralized Mortgage Loans or Mortgaged Properties is not

greater than the lesser of (a) the loan-to-value ratio immediately prior to the

repurchase, (b) the loan-to-value ratio on the Closing Date, and (c) 75%. In the

event that both of the conditions set forth in the preceding sentence would be

satisfied, the Seller may elect either to repurchase or substitute for only the

affected Cross-Collateralized Mortgage Loan or Mortgaged Properties as to which

the Material Breach or Material Document Defect exists or to repurchase or

substitute for the aggregate Cross-Collateralized Mortgage Loans or Mortgaged

Properties.

 

            To the extent that the Seller repurchases or substitutes for an

affected Cross-Collateralized Mortgage Loan or Mortgaged Property in the manner

prescribed above while the Trustee continues to hold any related

Cross-Collateralized Mortgage Loans, the Seller and the Depositor shall either

uncross the repurchased Cross-Collateralized Loan or affected Mortgaged Property

or, in the case of a Cross-Collateralized Loan, to forbear from enforcing any

remedies against the other's Primary Collateral (as defined below), but each is

permitted to exercise remedies against the Primary Collateral securing its

respective affected Cross-Collateralized Mortgage Loans or Mortgaged Properties,

including, with respect to the Trustee, the Primary Collateral securing Mortgage

Loans still held by the Trustee, so long as such exercise does not impair the

ability of the other party to exercise its remedies against its Primary

Collateral. If the exercise of remedies by one party would impair the ability of

the other party to exercise its remedies with respect to the Primary Collateral

securing the Cross-Collateralized Mortgage Loans or Mortgaged Properties held by

such party, then both parties shall forbear from exercising such remedies until

the related Mortgage Loan documents can be modified to remove the threat of

impairment as a result of the exercise of remedies. "Primary Collateral" shall

mean the Mortgaged Property directly securing a Cross-Collateralized Mortgage

Loan excluding, however, any Mortgage Property as to which the related lien may

only be foreclosed upon by exercise of cross-collateralization of such loans.

 

            Whenever one or more mortgage loans are substituted for a Defective

Mortgage Loan as contemplated by this Section 4(c), the Seller shall (i) deliver

the related Mortgage File for each such substitute mortgage loan to the

Purchaser or its designee, (ii) certify that such substitute mortgage loan

satisfies or such substitute mortgage loans satisfy, as the case may be, all of

the requirements of the definition of "Qualifying Substitute Mortgage Loan" set

forth in the Pooling and Servicing Agreement and (iii) send such certification

to the Purchaser or its designee. No mortgage loan may be substituted for a

Defective Mortgage Loan as contemplated by this Section 4(c) if the Defective

Mortgage Loan to be replaced was itself a Replacement Mortgage Loan, in which

case, absent correction or cure, in all material respects, of the relevant

Material Breach or Material Document Defect, the Defective Mortgage Loan will be

required to be repurchased as contemplated hereby. Monthly Payments due with

respect to each Replacement Mortgage Loan (if any) after the related date of

substitution, and Monthly Payments due with respect to each Defective Mortgage

Loan (if any) after the Cut-off Date (or, in the case of a Replacement Mortgage

Loan, after the date on which it is added to the Trust Fund) and on or prior to

the related date of repurchase or replacement, shall belong to the Purchaser and

its successors and assigns. Monthly Payments due with respect to each

Replacement Mortgage Loan (if any) on or prior to the related date of

substitution, and Monthly Payments due with respect to each Defective Mortgage

Loan (if any) after the related date of repurchase or replacement, shall belong

to the Seller.

 

            If any Defective Mortgage Loan is to be repurchased or replaced as

contemplated by this Section 4, the Seller shall amend the Mortgage Loan

Schedule attached to this Agreement to reflect the removal of the Defective

Mortgage Loan and, if applicable, the substitution of the related Replacement

Mortgage Loan(s) and shall forward such amended schedule to the Purchaser.

 

            Except as set forth in Section 4(f), it is understood and agreed

that the obligations of the Seller set forth in this Section 4(c) to cure a

Material Breach or a Material Document Defect or repurchase or replace the

related Defective Mortgage Loan(s), constitute the sole remedies available to

the Purchaser with respect to any Breach or Document Defect.

 

            It shall be a condition to any repurchase or replacement of a

Defective Mortgage Loan by the Seller pursuant to this Section 4(c) that the

Purchaser shall have executed and delivered such instruments of transfer or

assignment then presented to it by the Seller, in each case without recourse, as

shall be necessary to vest in the Seller the legal and beneficial ownership of

such Defective Mortgage Loan (including any property acquired in respect thereof

or proceeds of any insurance policy with respect thereto ), to the extent that

such ownership interest was transferred to the Purchaser hereunder.

 

            (d) Subject to the specific delivery requirements set forth in the

Pooling and Servicing Agreement, if the Seller cannot deliver on the Closing

Date any document that is required to be part of the Mortgage File for any

Mortgage Loan, then:

 

            (i) the Seller shall use diligent, good faith and commercially

      reasonable efforts from and after the Closing Date to obtain, and deliver

      to the Purchaser or its designee, all documents missing from such Mortgage

      File that were required to be delivered by the Seller;

 

            (ii) the Seller shall provide the Purchaser with periodic reports

      regarding its efforts to complete such Mortgage File, such reports to be

      made on the 90th day following the Closing Date and every 90 days

      thereafter until the Seller has delivered to the Purchaser or its designee

      all documents required to be delivered by the Seller as part of such

      Mortgage File;

 

            (iii) upon receipt by the Seller from the Purchaser or its designee

      of any notice of any remaining deficiencies to such Mortgage File as of

      December 23, 2004, the Seller shall reconfirm its obligation to complete

      such Mortgage File and to correct all deficiencies associated therewith,

      and, if it fails to do so within 45 days after its receipt of such notice,

      the Seller shall deliver to the Purchaser or its designee a limited power

      of attorney (in a form reasonably acceptable to the Seller and the

      Purchaser) permitting the Purchaser or its designee to execute all

      endorsements (without recourse) and to execute and, to the extent

      contemplated by the Pooling and Servicing Agreement, record all

      instruments or transfer and assignment with respect to the subject

      Mortgage Loan, together with funds reasonably estimated by the Purchaser

      to be necessary to cover the costs of such recordation;

 

            (iv) the Seller shall reimburse the Purchaser and all parties under

      the Pooling and Servicing Agreement for any out-of-pocket costs and

      expenses resulting from the Seller's failure to deliver all documents

      required to be part of such Mortgage File on the Closing Date; and

 

            (v) the Seller shall otherwise use commercially reasonable efforts

      to cooperate with the Purchaser and any parties under the Pooling and

      Servicing Agreement in any remedial efforts for which a Document Defect

      with respect to such Mortgage File would otherwise cause a delay.

 

            (e) [Reserved].

 

            (f) With respect to any action taken concerning "due-on-sale" or a

"due-on-encumbrance" clause as set forth in Section 3.08(a) of the Pooling and

Servicing Agreement or a defeasance, any fees or expenses related thereto,

including any fee charged by a Rating Agency that is rendering a written

confirmation, to the extent that the related Mortgage Loan documents do not

permit the lender to require payment of such fees and expenses from the

Mortgagor and the Master Servicer or the Special Servicer, as applicable, has

requested that the related Mortgagor pay such fees and expenses and such

Mortgagor refuses to do so, shall be paid by the Seller.

 

            SECTION 5.   Representations, Warranties and Covenants of the

                        Purchaser.

 

            The Purchaser, as of the Closing Date, hereby represents and

warrants to, and covenants with, the Seller that:

 

            (i) The Purchaser is a corporation, duly organized, validly existing

      and in good standing under the laws of the State of Delaware.

 

            (ii) No consent, approval, authorization or order of, or filing or

      registration with, any state or federal court or governmental agency or

      body is required for the consummation by the Purchaser of the transactions

      contemplated herein, except for those consents, approvals, authorizations

      and orders that previously have been obtained and those filings and

      registrations that previously have been completed, and except for those

      filings of Mortgage Loan documents and assignments thereof that are

      contemplated by the Pooling and Servicing Agreement to be completed after

      the Closing Date.

 

            (iii) The execution and delivery of this Agreement by the Purchaser,

      and the performance and compliance with the terms of this agreement by the

      Purchaser, will not violate the Purchaser's certificate of incorporation

      or by-laws or constitute a default (or an event which, with notice or

      lapse of time, or both, would constitute a default) under, or result in

      the breach of, any material agreement or other instrument to which it is a

      party or which is applicable to it or any of its assets.

 

            (iv) The Purchaser has the full power and authority to enter into

      and consummate all transactions contemplated by this Agreement, has duly

      authorized the execution, delivery and performance of this Agreement, and

      has duly executed and delivered this Agreement.

 

            (v) This Agreement, assuming due authorization, execution and

      delivery by the Seller, constitutes a valid, legal and binding obligation

      of the Purchaser, enforceable against the Purchaser in accordance with the

      terms hereof, subject to (A) applicable bankruptcy, insolvency,

      reorganization, moratorium and other laws affecting the enforcement of

      creditors' rights generally, and (B) general principles of equity,

      regardless of whether such enforcement is considered in a proceeding in

      equity or at law.

 

            (vi) The Purchaser is not in violation of, and its execution and

      delivery of this Agreement and its performance and compliance with the

      terms of this Agreement will not constitute a violation of, any law, any

      order or decree of any court or arbiter, or any order, regulation or

      demand of any federal, state or local governmental or regulatory

      authority, which violation, in the Purchaser's good faith and reasonable

      judgment, is likely to affect materially and adversely either the ability

      of the Purchaser to perform its obligations under this Agreement or the

      financial condition of the Purchaser.

 

            (vii) No litigation is pending with regard to which the Purchaser

      has received service of process or, to the best of the Purchaser's

      knowledge, threatened against the Purchaser which would prohibit the

      Purchaser from entering into this Agreement or, in the Purchaser's good

      faith and reasonable judgment, is likely to materially and adversely

      affect either the ability of the Purchaser to perform its obligations

      under this Agreement or the financial condition of the Purchaser.

 

            (viii) The Purchaser has not dealt with any broker, investment

      banker, agent or other person, other than the Underwriters and their

      affiliates, that may be entitled to any commission or compensation in

      connection with the sale of the Mortgage Loans or the consummation of any

      of the transactions contemplated hereby.

 

            SECTION 6.   Accountants' Letters.

 

            The parties hereto shall cooperate with Ernst & Young, LLP (the

"Accountants") in making available all information and taking all steps

reasonably necessary to permit the Accountants to deliver the letters required

by the Underwriting Agreement.

 

            SECTION 7.   Closing.

 

            The closing of the sale of the Mortgage Loans (the "Closing") shall

be held at the offices of Cadwalader, Wickersham & Taft LLP, 227 West Trade

Street, Suite 2400, Charlotte, North Carolina 28202 at 10:00 a.m., Charlotte

time, on the Closing Date.

 

            The Closing shall be subject to each of the following conditions,

which can only be waived or modified by mutual consent of the parties hereto.

 

            (i) All of the representations and warranties of the Seller and of

      the Purchaser specified in Sections 4 and 5 hereof shall be true and

      correct as of the Closing Date;

 

            (ii) All documents specified in Section 8 of this Agreement (the

      "Closing Documents"), in such forms as are agreed upon and reasonably

      acceptable to the Purchaser and Seller, shall be duly executed and

      delivered by all signatories as required pursuant to the respective terms

      thereof;

 

            (iii) The Seller shall have delivered and released to the Purchaser,

      the Trustee or a Custodian, or the Master Servicer shall have received to

      hold in trust pursuant to the Pooling and Servicing Agreement, as the case

      may be, all documents and funds required to be so delivered pursuant to

      Sections 2(c), 2(d) and 2(e) hereof;

 

            (iv) The result of any examination of the Mortgage Files and

      Servicing Files for the Mortgage Loans performed by or on behalf of the

      Purchaser pursuant to Section 3 hereof shall be satisfactory to the

      Purchaser in its reasonable determination;

 

            (v) All other terms and conditions of this Agreement required to be

      complied with on or before the Closing Date shall have been complied with,

       and the Seller shall have the ability to comply with all terms and

      conditions and perform all duties and obligations required to be complied

      with or performed after the Closing Date;

 

            (vi) The Seller (or an affiliate thereof) shall have paid or agreed

      to pay all fees, costs and expenses payable to the Purchaser or otherwise

      pursuant to this Agreement; and

 

            (vii) Neither the Placement Agreement nor the Underwriting Agreement

      shall have been terminated in accordance with its terms.

 

Both parties agree to use their commercially reasonable best efforts to perform

their respective obligations hereunder in a manner that will enable the

Purchaser to purchase the Mortgage Loans on the Closing Date.

 

             SECTION 8.   Closing Documents.

 

            (a) The Closing Documents shall consist of the following, and can

only be waived and modified by mutual consent of the parties hereto:

 

            (b) This Agreement, duly executed and delivered by the Purchaser and

the Seller, and the Pooling and Servicing Agreement, duly executed and delivered

by the Purchaser and all the other parties thereto; and

 

            (c) An Officer's Certificate executed by an authorized officer of

the Seller, in his or her individual capacity, and dated the Closing Date, upon

which the Underwriters and BACM may rely, attaching thereto as exhibits the

organizational documents of the Seller; and

 

            (d) Certificate of good standing regarding the Seller from

Comptroller of the Currency, dated not earlier than 30 days prior to the Closing

Date; and

 

            (e) A certificate of the Seller, executed by an executive officer or

authorized signatory of the Seller and dated the Closing Date, and upon which

the Purchaser and the Underwriters may rely to the effect that (i) the

representations and warranties of the Seller in the Agreement are true and

correct in all material respects at and as of the date hereof with the same

effect as if made on the date hereof, and (ii) the Seller has, in all material

respects, complied with all the agreements and satisfied all the conditions on

its part required under the Agreement to be performed or satisfied at or prior

to the date hereof; and

 

            (f) A written opinion of counsel for the Seller, subject to such

reasonable assumptions and qualifications as may be requested by counsel for the

Seller each as reasonably acceptable to counsel for the Purchaser and the

Underwriters, dated the Closing Date and addressed to the Purchaser, the

Underwriters, the Trustee and each Rating Agency any other opinions of counsel

for the Seller reasonably requested by the Rating Agencies in connection with

the issuance of the Certificates; and

 

            (g) Any other opinions of counsel for the Seller reasonably

requested by the Rating Agencies in connection with the issuance of the

Certificates; and

 

            (h) Such further certificates, opinions and documents as the

Purchaser may reasonably request; and

 

            (i) The Indemnification Agreement, duly executed by the respective

parties thereto; and

 

            (j) One or more comfort letters from the Accountants dated the date

of any preliminary Prospectus Supplement, Prospectus Supplement and Memorandum

respectively, and addressed to, and in form and substance acceptable to the

Purchaser and the Underwriters in the case of the preliminary Prospectus

Supplement and the Prospectus Supplement and to the Purchaser and the Placement

Agent in the case of the Memorandum stating in effect that, using the

assumptions and methodology used by the Purchaser, all of which shall be

described in such letters, they have recalculated such numbers and percentages

relating to the Mortgage Loans set forth in any preliminary Prospectus

Supplement, the Prospectus Supplement and the Memorandum, compared the results

of their calculations to the corresponding items in any preliminary Prospectus

Supplement, the Prospectus Supplement and the Memorandum, respectively, and

found each such number and percentage set forth in any preliminary Prospectus

Supplement, the Prospectus Supplement and the Memorandum, respectively, to be in

agreement with the results of such calculations.

 

            SECTION 9.   Costs.

 

            The parties hereto acknowledge that all costs and expenses

(including the fees of the attorneys) incurred in connection with the

transactions contemplated hereunder (including without limitation, the issuance

of the Certificates as contemplated by the Pooling and Servicing Agreement)

shall be allocated and as set forth in a separate writing between the parties.

 

            SECTION 10.   Notices.

 

            All demands, notices and communications hereunder shall be in

writing and shall be deemed to have been duly given if personally delivered to

or mailed, by registered mail, postage prepaid, by overnight mail or courier

service, or transmitted by facsimile and confirmed by a similar mailed writing,

if to the Purchaser, addressed to Banc of America Commercial Mortgage Inc., 214

North Tryon Street, NC1-027-21-02, Charlotte, North Carolina 28255, Attention:

Nidhi Kapila, Vice President, with a copy to Paul E. Kurzeja, Esq. at the same

address, telecopy number: (704) 386-1094, or such other address as may hereafter

be furnished to the Seller in writing by the Purchaser; and if to the Seller,

addressed to Bank of America, N.A., 214 North Tryon Street, NC1-027-21-02,

Charlotte, North Carolina 28255, Attention: Stephen Hogue, telecopy number:

(704) 386-3215, or to such other addresses as may hereafter be furnished to the

Purchaser by the Seller in writing.

 

            SECTION 11.   Representations, Warranties and Agreements to Survive

                         Delivery.

 

            All representations, warranties and agreements contained in this

Agreement, incorporated herein by reference or contained in the certificates of

officers of the Seller submitted pursuant hereto, shall remain operative and in

full force and effect and shall survive delivery of the Mortgage Loans by the

Seller to the Purchaser or, at the direction of the Purchaser, to the Trustee.

 

            SECTION 12.   Severability of Provisions.

 

            Any part, provision, representation, warranty or covenant of this

Agreement that is prohibited or which is held to be void or unenforceable shall

be ineffective to the extent of such prohibition or unenforceability without

invalidating the remaining provisions hereof. Any part, provision,

representation, warranty or covenant of this Agreement that is prohibited or

unenforceable or is held to be void or unenforceable in any particular

jurisdiction shall, as to such jurisdiction, be ineffective to the extent of

such prohibition or unenforceability without invalidating the remaining

provisions hereof, and any such prohibition or unenforceability in any

particular jurisdiction shall not invalidate or render unenforceable such

provision in any other jurisdiction. To the extent permitted by applicable law,

the parties hereto waive any provision of law which prohibits or renders void or

unenforceable any provision hereof.

 

            SECTION 13.   Counterparts.

 

            This Agreement may be executed in any number of counterparts, each

of which shall be deemed to be an original, but all of which together shall

constitute one and the same instrument.

 

             SECTION 14.   GOVERNING LAW.

 

            THIS AGREEMENT AND THE RIGHTS, DUTIES, OBLIGATIONS AND

RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED UNDER

THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES

(OTHER THAN TITLE 14 OF ARTICLE 5 OF THE NEW YORK GENERAL OBLIGATIONS LAW,

PURSUANT TO WHICH THE PARTIES HERETO HAVE CHOSEN THE LAWS OF THE STATE OF NEW

YORK AS THE GOVERNING LAW OF THIS AGREEMENT). TO THE FULLEST EXTENT PERMITTED

UNDER APPLICABLE LAW, EACH OF THE PURCHASER AND THE SELLER HEREBY IRREVOCABLY

(I) SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE AND FEDERAL COURTS SITTING

IN NEW YORK CITY WITH RESPECT TO MATTERS ARISING OUT OF OR RELATING TO THIS

AGREEMENT; (II) AGREES THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION OR PROCEEDING

MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR FEDERAL COURTS; (III)

WAIVES, TO THE FULLEST POSSIBLE EXTENT, THE DEFENSE OF AN INCONVENIENT FORUM;

AND (IV) AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE

CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR

IN ANY OTHER MANNER PROVIDED BY LAW.

 

            SECTION 15.   Further Assurances.

 

            The Seller and the Purchaser agree to execute and deliver such

instruments and take such further actions as the other party may, from time to

time, reasonably request in order to effectuate the purposes and to carry out

the terms of this Agreement.

 

            SECTION 16.   Successors and Assigns.

 

            The rights and obligations of the Seller under this Agreement shall

not be assigned by the Seller without the prior written consent of the

Purchaser, except that any person into which the Seller may be merged or

consolidated, or any corporation or other entity resulting from any merger,

conversion or consolidation to which the Seller is a party, or any person

succeeding to all or substantially all of the business of the Seller, shall be

the successor to the Seller hereunder. In connection with its transfer of the

Mortgage Loans to the Trust as contemplated by the recitals hereto, the

Purchaser shall have the right to assign its rights and obligations under this

Agreement to the Trustee for the benefit of the Certificateholders. To the

extent of any such assignment, the Trustee or its designee (including, without

limitation, the Special Servicer) shall be deemed to be the Purchaser hereunder

with the right for the benefit of the Certificateholders to enforce the

obligations of the Seller under this Agreement as contemplated by Section 2.03

of the Pooling and Servicing Agreement. In connection with the transfer of any

Mortgage Loan by the Trust as contemplated by the terms of the Pooling and

Servicing Agreement, the Trustee, for the benefit of the Certificateholders, is

expressly authorized to assign its rights and obligations under this Agreement,

in whole or in part, to the transferee of such Mortgage Loan. To the extent of

any such assignment, such transferee shall be deemed to be the Purchaser

hereunder (but solely with respect to such Mortgage Loan that was transferred to

it). Subject to the foregoing, this Agreement shall bind and inure to the

benefit of and be enforceable by the Seller, the Purchaser, and their permitted

successors and assigns.

 

            SECTION 17.   Amendments.

 

            No term or provision of this Agreement may be waived or modified

unless such waiver or modification is in writing and signed by a duly authorized

officer of the party against whom such waiver or modification is sought to be

enforced.

 

            SECTION 18.   Intention Regarding Conveyance of Mortgage Loans.

 

            The parties hereto intend that the conveyance by the Seller agreed

to be made hereby shall be, and be construed as a sale by the Seller of all of

the Seller's right, title and interest in and to the Mortgage Loans. It is,

further, not intended that such conveyance be deemed a pledge of the Mortgage

Loans by the Seller to the Purchaser to secure a debt or other obligation of the

Seller, as the case may be. However, in the event that notwithstanding the

intent of the parties, the Mortgage Loans are held to be property of the Seller,

or if for any reason this Agreement is held or deemed to create a security

interest in the Mortgage Loans, then it is intended that, (i) this Agreement

shall also be deemed to be a security agreement within the meaning of Article 9

of the New York Uniform Commercial Code and the Uniform Commercial Code of any

other applicable jurisdiction; and (ii) the conveyance provided for in this

Section shall be deemed to be a grant by the Seller to the Purchaser of a

security interest in all of its right (including the power to convey title

thereto), title and interest, whether now owned or hereafter acquired, in and to

(A) the Mortgage Notes, the Mortgages, any related insurance policies and all

other documents in the related Mortgage Files, (B) all amounts payable to the

holders of the Mortgage Loans in accordance with the terms thereof (other then

scheduled payments of interest and principal due on or before the Cut-off Date)

and (C) all proceeds of the conversion, voluntary or involuntary, of the

foregoing into cash, instruments, securities or other property, whether in the

form of cash, instruments, securities or other property. The Seller and the

Purchaser 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, such security interest would be deemed

to be a perfected security interest of first priority under applicable law and

will be maintained as such throughout the term of this Agreement and the Pooling

and Servicing Agreement. In connection herewith, the Purchaser 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.

 

            SECTION 19.   Cross-Collateralized Mortgage Loans.

 

            Notwithstanding anything herein to the contrary, it is hereby

acknowledged that certain groups of Mortgage Loans are, in the case of each such

particular group of Mortgage Loan (each a "Cross-Collateralized Group"), by

their terms, cross-defaulted and cross-collateralized. Each Cross-Collateralized

Group is identified on the Mortgage Loan Schedule. For purposes of reference,

the Mortgaged Property that relates or corresponds to any of the Mortgage Loans

referred to in this Section 19 shall be the property identified in the Mortgage

Loan Schedule as corresponding thereto. The provisions of this Agreement,

including without limitation, each of the representations and warranties set

forth in Schedule II hereto and each of the capitalized terms used but not

defined herein but defined in the Pooling and Servicing Agreement, shall be

interpreted in a manner consistent with this Section 19. In addition, if there

exists with respect to any Cross-Collateralized Group only one original of any

document referred to in the definition of "Mortgage File" in this Agreement and

in the Pooling and Servicing Agreement and covering all the Mortgage Loans in

such Cross-Collateralized Group, then the inclusion of the original of such

document in the Mortgage File for any of the Mortgage Loans in such

Cross-Collateralized Group shall be deemed an inclusion of such original in the

Mortgage File for each such Mortgage Loan. "Cross-Collateralized Mortgage Loan"

shall mean any Mortgage Loan that is cross-collateralized and cross-defaulted

with one or more other Mortgage Loans.

 

            SECTION 20.   Entire Agreement.

 

            Except as specifically stated otherwise herein, this Agreement sets

forth the entire understanding of the parties relating to the subject matter

hereof, and all prior understandings, written or oral, are superseded by this

Agreement. This Agreement may not be modified, amended, waived or supplemented

except as provided herein.

 

            SECTION 21.   WAIVER OF TRIAL BY JURY.

 

            THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY

LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM,

WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS

AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

            SECTION 22.   Miscellaneous.

 

            Notwithstanding any contrary provision of this Agreement or the

Pooling and Servicing Agreement, the Purchaser shall not consent to any

amendment of the Pooling and Servicing Agreement which will increase the

obligations of, or otherwise materially adversely affect the Seller without the

consent of the Seller.

 

                   [SIGNATURES COMMENCE ON THE FOLLOWING PAGE]

<PAGE>

 

            IN WITNESS WHEREOF, the Seller and the Purchaser have caused their

names to be signed hereto by their respective duly authorized officers as of the

date first above written.

 

                                       BANK OF AMERICA, N.A.

 

 

 

 

                                       By: /s/

                                          ----------------------------------

                                           Name:   Stephen L. Hogue

                                          Title: Principal

 

 

 

 

                                       BANC OF AMERICA COMMERCIAL MORTGAGE INC.

 

                                       By:/s/

                                           ----------------------------------

                                          Name:   Nidhi Kapila

                                          Title: Vice President

<PAGE>

 

                                   SCHEDULE I

 

                             MORTGAGE LOAN SCHEDULE

 

 

<TABLE>

<CAPTION>

Sequence     Loan          Loan

  Number      Number       Seller             Property Name                                       Street Address

-----------------------------------------------------------------------------------------------------------------------------------

<S>          <C>           <C>        <C>                                                <C>

  1          58563         BOFA       King's Crossing                                    2150 North Tenaya Way

  2           58587         BOFA       Barrington at Park Place                           3220 Duval Road

  3          58583         BOFA       Legacy at   Museum Park                             465 West San Carlos Street

  4          58529         BOFA       Stonebridge Apartments                             4481 Stonecastle Drive

  5          58564         BOFA       Park Laureate Apartments                           2050 Stony Brook Drive

  6          58562         BOFA       Wildwood Apartments                                5877 Ross Road

  7          58530         BOFA       Colonial Pointe Apartments                         2300 Econ Circle

  8          58353         BOFA       Lexington Hills Apartments                         4116 Lexington Avenue South

  9          10798         BOFA       Belmont Park Apartments                            4300 18th Street West

  10           9106         BOFA       Parkland Apartments                                3202 Southeast 92nd Avenue

  11          11693         BOFA       Gateway Apartments                                  9910 Northeast Glisan Street

  12          11393         BOFA       Elk Meadows Apartments                             2627 West Kilby Road

  13          10441         BOFA       Main Street Apartments                             1209-1211 East Main Street

  14          58318         BOFA       Steeplegate Mall                                   270 Loudon Road

  15          58294         BOFA       Simon - Upper Valley Mall                          1475 Upper Valley Pike

 

16.1         58112         BOFA       Cupertino Village I                                10821-10989 North Wolfe Road

16.2         58112         BOFA       Cupertino Village II                               10765-10801 North Wolfe Road

16.3         58112         BOFA       Cupertino Village III                               11111 North Wolfe Road

  16          58112         BOFA       Cupertino Village I, II & III (Roll Up)            Various

 

  17          58586         BOFA       Howe 'Bout Arden                                   2100 Arden Way

  18          58414          BOFA       Wal-Mart Supercenter - Douglasville                7001 Concourse Parkway

  19           9278         BOFA       Gateway Shopping Center                            4201-4251 Oceanside Boulevard

  20          58415         BOFA       Wal-Mart Supercenter - Austell                     1133 East-West Connector

  21          58466         BOFA       Northridge Shopping Center                         10141-10235 Reseda Boulevard

  22          58528         BOFA       Gordon Square                                       5245-5327 Beach Boulevard

  23          58477         BOFA       Keyport Plaza                                      107 State Route 35

  24          58160         BOFA       Pacific Center-Gardena                             1600 West Redondo Beach Boulevard

  25           58273         BOFA       North Summit Square                                200 Summit Square Boulevard

  26          58413         BOFA       Sam's Club - Douglasville                          6995 Concourse Parkway

  27          58543         BOFA       Cypress Lake Shopping Center                       7191 Cypress Lake Drive

  28          58545         BOFA       The Shoppes at Golden Acres                        9844 Little Road

  29          58307         BOFA       Rufe Snow Village Shopping Center                  6238-6248 Rufe Snow Drive

  30          58524         BOFA       Dana Plaza Shopping Center                         4101-4115 Concord Boulevard

  31          58488         BOFA       Sav-on Pasadena                                    727 South Arroyo Parkway

  32           58390         BOFA       Park Center Shopping                               1011 Commerce Boulevard

  33          58088         BOFA       Brainerd Market Center                             440 Greenway View Drive

  34          58382         BOFA       Rolling Meadows Retail                             1401 West Algonquin Road

  35          58487         BOFA       Sav-on Santa Fe Springs                            11426   Washington Boulevard

  36          58546         BOFA       Southwood Village Shopping Center                   3551 Blair Stone Road

  37          58489         BOFA       Sav-on Riverside                                   491 Alessandro Boulevard

  38           9785         BOFA       Walgreens - Brooklyn Park                          2024 85th Avenue North

  39           58527         BOFA       McComber Center                                    5402-5458 Beach Boulevard

  40          58490         BOFA       Santa Fe Springs Shopping Center                   11400-11424 Washington Boulevard

  41          58323         BOFA       Springbrook Plaza                                  1012 North Springbrook Road

  42          58499         BOFA       Hillside Sedona                                    671 Highway 179

  43          10830         BOFA       Lincoln Park Retail Center                          2603-2611 North Halsted Street

  44          10093         BOFA       Fidalgo Square                                     1702-1720 Commercial Avenue

  45          10164         BOFA       Shops at Prairie Crossing                          544 - 552 Randall Road

  46           9822         BOFA       Sharpstown Plaza                                   7115-7149 Southwest Freeway

  47          58484         BOFA       Post Oak Central                                   1980, 1990 and 2000 Post Oak Boulevard

  48          58440         BOFA       Monument IV at Worldgate                           12900 Worldgate Drive

  49          58427         BOFA       Sepulveda Center                                   3415 South Sepulveda Boulevard

  50          58503         BOFA       Veritas DGC Headquarters                           10300 Town Park Drive

 

  51          53054         BOFA       Trinity Centre I                                   5870 Trinity Parkway

  52          53224         BOFA       Trinity Centre III                                 5885 Trinity Parkway

                                   Sub-Total Crossed Loans

 

  53          58452         BOFA       Wells Fargo Home Mortgage Office Building          3480 Stateview Boulevard

  54          58465         BOFA       Calabasas Corporate Center                          5230 Las Virgenes Road

  55           8932         BOFA       West County Professional Building                  14120-14180 Beach Boulevard

  56          58420         BOFA       Medical Mutual of Ohio - Beachwood                 23700 Commerce Park Road

  57          58398         BOFA       The Awalt Building                                 208 North Market Street

  58          58480         BOFA       Baylor Medical Plaza                               6435 South FM 549

  59          58145         BOFA       Atrium Northwood Office Complex                    7301 Rivers Avenue

  60          10371         BOFA       Bailey Plaza                                       200 Bailey Avenue

  61          58147         BOFA       One Wall Street                                    1100 Elm Street

  62          10069         BOFA       Bank of America Building- Lynnwood                 3220 188th Street Southwest

  63          58437         BOFA       Tustin Business Park and Self-Lock Mini Storage    1542-1652 Edinger Avenue, 15012-15102

                                                                                        Red Hill Avenue, 1541-15042 Park Way

                                                                                       Loop, and 1702 Moulton Parkway

  64          58502          BOFA       Georgia Pacific                                    13217 South Figueroa Street

  65          58523         BOFA       West Oak Self Storage                              2505 Townsgate Road

  66          58467         BOFA       Coldwater Self Storage                              7215 Coldwater Canyon Avenue

  67          10416         BOFA       Martin Self Storage - Market Street                5811 Market Street

  68          58431         BOFA       Shurgard -   West Covina                            2710 East Garvey Avenue South

  69          58483         BOFA       Glen Allen/ Montpelier Self Storage                13104 Mountain Road and 15066 Bethany

                                                                                       Church Road

  70          58451         BOFA       Guardian Self Storage                              2845 West King Street

  71          11273         BOFA       Stoway Mini Storage                                2172 Wyandotte Street

  72          58450         BOFA       Rockledge Self Storage                              1759 Huntington Lane and 434-446 Richard Road

  73          58316         BOFA       Zeman Portfolio - Forest Hills Village             5041 Boulder Avenue

  74          58265         BOFA       Zeman Portfolio - Hollywood Estates                 144 Hollywood Boulevard

  75          10437         BOFA       Warren Dunes MHC                                   11159 Red Arrow Highway

  76          10432         BOFA       Hampton Inn - Alexandria                           4800 Leesburg Pike

  77          58500         BOFA       Hampton Inn - Tallahassee                          2979 Apalachee Parkway

  78           9935         BOFA       Fairfield Suites Jupiter                           6748 West Indiantown Road

  79          57800         BOFA       Jefferson at Providence Place Ground Lease         1000 Providence Place

-----------------------------------------------------------------------------------------------------------------------------------

 

 

 

<CAPTION>

Sequence                                                                Mortgage       Amortization        Original

  Number        City                         State       Zip Code          Rate (%)          Basis            Balance

---------------------------------------------------------------------------------------------------------------------

<S>          <C>                             <C>       <C>                <C>              <C>              <C>

  1          Las Vegas                       NV           89128           4.952%           ACT/360          $28,300,000

  2           Austin                          TX           78759           4.875%           ACT/360           21,500,000

  3          San Jose                        CA           95110           5.050%           ACT/360           18,900,000

  4          Dayton                           OH           45440           4.755%           ACT/360           14,200,000

  5          Louisville                      KY           40220           4.710%           ACT/360           13,300,000

  6          Fairfield                       OH           45014            4.835%           ACT/360           12,000,000

  7          Orlando                         FL           32817           4.958%           ACT/360           11,200,000

  8          Eagan                           MN           55123           4.800%           ACT/360           10,720,000

  9          Bradenton                       FL           34205           5.471%           ACT/360            6,000,000

  10          Portland                        OR           97266           5.613%           ACT/360            4,200,000

  11          Portland                        OR           97220           5.327%           ACT/360            3,200,000

  12          Park City                       UT           84098           5.452%           ACT/360            2,950,000

  13          Richmond                         VA           23219           5.400%           ACT/360            2,300,000

  14          Concord                         NH           03301           4.747%           ACT/360           68,250,000

  15          Springfield                     OH           45504           5.890%           ACT/360           47,903,549

 

16.1         Cupertino                       CA           95014                                            31,020,408

16.2         Cupertino                       CA           95014                                              4,071,429

16.3         Cupertino                       CA           95014                                             2,908,163

  16          Cupertino                       CA           95014           5.807%           ACT/360           38,000,000

 

  17          Sacramento                      CA           95825           5.255%           ACT/360           24,800,000

  18          Douglasville                    GA           30134           5.235%           ACT/360           18,580,000

  19          Oceanside                        CA           92056           5.208%           ACT/360           18,000,000

  20          Austell                         GA           30106           5.235%           ACT/360           17,900,000

  21          Los Angeles                     CA           91324           5.300%           ACT/360           15,200,000

  22          Buena Park                      CA           90621           5.241%           ACT/360           15,000,000

  23          Keyport                         NJ           07735           5.500%            ACT/360           13,200,000

  24          Gardena                         CA           90247           5.402%           ACT/360           12,705,000

  25          Winston Salem                   NC           27105           6.086%           ACT/360           11,520,000

  26          Douglasville                    GA           30134           5.240%           ACT/360           11,220,000

  27          Fort Myers                      FL           33907           5.403%           ACT/360            8,500,000

  28          New Port Richey                 FL           34654           4.682%            30/360            7,098,000

  29          North Richland Hills            TX           76148           5.751%           ACT/360            6,600,000

  30          Concord                         CA            94519           5.267%           ACT/360            6,400,000

  31          Pasadena                        CA           91105           5.349%           ACT/360            5,900,000

  32          Dickson City                    PA           18519           6.000%            ACT/360            5,800,000

  33          Chattanooga                     TN           37411           5.300%           ACT/360            5,600,000

  34          Rolling Meadows                 IL           60008           5.500%           ACT/360            5,300,000

  35          Santa Fe Springs                CA           90606           5.349%           ACT/360            5,100,000

  36          Tallahassee                     FL           32301           4.685%            30/360            4,994,000

  37          Riverside                        CA           92508           5.349%           ACT/360            4,950,000

  38          Brooklyn Park                   MN           55444           5.960%           ACT/360            4,000,000

  39          Buena Park                      CA            90621           5.241%           ACT/360            3,750,000

  40          Santa Fe Springs                CA           90606           5.272%           ACT/360            3,500,000

  41          Newberg                         OR           97132           5.609%            ACT/360            3,500,000

  42          Sedona                          AZ           86336           5.080%           ACT/360            3,000,000

  43          Chicago                         IL           60614           5.900%           ACT/360            2,250,000

  44          Anacortes                       WA           98221           5.968%           ACT/360            2,150,000

  45          South Elgin                     IL           60177           5.750%           ACT/360            2,100,000

  46          Houston                          TX           77074           5.450%           ACT/360            1,807,500

  47          Houston                         TX           77056           4.976%           ACT/360           97,504,000

  48          Herndon                         VA            20170           5.289%           ACT/360           38,000,000

  49          Los Angeles                     CA           90034           5.470%           ACT/360           28,000,000

  50          Houston                         TX           77072           5.410%            ACT/360           23,910,000

 

  51          Centreville                     VA           20120           6.500%           ACT/360           22,200,000

  52          Centreville                     VA           20120           6.500%           ACT/360           13,575,000

                                                                                                       35,775,000

 

  53          Fort Mill                       SC           29715           5.373%           ACT/360           20,300,000

  54          Calabasas                       CA           91302           5.485%           ACT/360           12,150,000

  55          Westminster                     CA           92683           6.199%           ACT/360            7,250,000

  56          Beachwood                       OH           44122           5.667%           ACT/360            6,616,000

  57          Dallas                          TX           75202           5.750%           ACT/360            6,200,000

  58          Heath                           TX           75032           5.162%           ACT/360            5,625,000

  59          North Charleston                SC           29406           6.340%           ACT/360            5,600,000

  60          Fort Worth                      TX           76107           5.800%           ACT/360             3,412,500

  61          Manchester                      NH           03101           5.500%           ACT/360            3,200,000

  62          Lynnwood                        WA           98037           5.800%           ACT/360            2,300,000

  63          Tustin                          CA           92780           5.669%           ACT/360           18,000,000

  64          Los Angeles                     CA           90061           5.405%           ACT/360            5,920,000

  65          Thousand Oaks                   CA           91361           5.293%           ACT/360            7,500,000

  66          North Hollywood                 CA           91605           5.457%           ACT/360            5,750,000

  67          Wilmington                      NC           28405           5.900%           ACT/360            3,963,634

  68          West Covina                     CA           91791           5.120%           ACT/360            3,950,000

  69          Glen Allen and Montpelier       VA        23059/23192        5.595%           ACT/360             3,000,000

  70          Cocoa                           FL           32926           5.635%           ACT/360            2,760,000

  71          Mountain View                   CA           94043           5.700%           ACT/360            2,700,000

  72          Rockledge                       FL           32955           5.635%           ACT/360            2,000,000

  73          Loves Park                      IL           61111           5.375%           ACT/360           18,450,000

  74          Anderson                         IN           46016           5.521%           ACT/360            4,720,000

  75          Bridgman                        MI           49106           5.750%           ACT/360            3,000,000

  76          Alexandria                      VA           22302           6.350%           ACT/360            9,100,000

  77          Tallahassee                     FL           32301           6.040%           ACT/360            5,000,000

  78          Jupiter                         FL           33458           5.730%           ACT/360             4,500,000

  79          Providence                      RI           02903           5.235%           ACT/360            9,000,000

---------------------------------------------------------------------------------------------------------------------

 

 

 

<CAPTION>

                                          Remaining

                                            Term To                                                                       Primary

                                            Stated         Stated                                                          Servicing

Sequence                  Cut-off            Maturity       Maturity                      Monthly        Administrative         Fee

  Number                   Balance            (months)         Date           Due Date       Payment             Fee               Rate

------------------------------------------------------------------------------------------------------------------------------------

<S>                   <C>                     <C>         <C>                 <C>          <C>               <C>               <C>

  1                     $28,300,000             84          12/1/2011          1st          $151,091          0.122%            0.100%

  2                      21,500,000             60          12/1/2009           1st             0              0.122%            0.100%

  3                      18,900,000             61           1/1/2010          1st             0              0.122%            0.100%

  4                      14,182,151             59          11/1/2009           1st           74,117           0.122%            0.100%

  5                      13,300,000             60          12/1/2009          1st             0              0.122%            0.100%

  6                      12,000,000             60          12/1/2009           1st           63,214           0.122%            0.100%

  7                      11,186,438             119         11/1/2014          1st           59,837           0.122%            0.100%

  8                      10,720,000             58          10/1/2009           1st           56,244           0.122%            0.100%

  9                       6,000,000             82          10/1/2011          1st           33,958           0.082%            0.060%

  10                       4,200,000             118         10/1/2014           1st           24,146           0.072%            0.050%

  11                       3,200,000             120         12/1/2014          1st           17,823           0.072%            0.050%

  12                       2,946,741             59          11/1/2009           1st           16,661           0.102%            0.080%

  13                       2,295,205             118         10/1/2014          1st           12,915           0.102%            0.080%

  14                      67,935,229             56           8/1/2009           1st          352,818           0.042%            0.020%

  15                      47,903,549             115          7/1/2014          1st          283,827           0.042%            0.020%

 

16.1                     31,020,408

16.2                      4,071,429

16.3                      2,908,163

  16                      38,000,000             115          7/1/2014          1st          226,013           0.122%            0.100%

 

  17                      24,800,000             120         12/1/2014          1st          137,023           0.122%            0.100%

  18                      18,518,315             81           9/1/2011          1st          102,427           0.122%            0.100%

  19                      18,000,000             120         12/1/2014          1st           98,929           0.082%            0.060%

  20                      17,840,573             81           9/1/2011          1st           98,678           0.122%            0.100%

  21                      15,182,727             119         11/1/2014          1st           84,406           0.122%            0.100%

  22                      15,000,000             120         12/1/2014          1st           82,747           0.122%            0.100%

  23                      13,173,063             118         10/1/2014          1st           74,948           0.122%            0.100%

  24                      12,705,000             120         12/1/2014          1st           71,358           0.122%            0.100%

  25                      11,478,463             116          8/1/2014          1st           69,706           0.122%            0.100%

  26                      11,182,788             81           9/1/2011          1st           61,888           0.122%            0.100%

  27                       8,500,000             120         12/1/2014          1st           47,746           0.122%            0.100%

  28                       7,098,000             84          12/1/2011          1st             0              0.122%            0.100%

  29                       6,600,000             117          9/1/2014          1st           38,520           0.122%            0.100%

  30                       6,400,000             120         12/1/2014          1st           35,408           0.122%            0.100%

  31                       5,893,357             119         11/1/2014          1st           32,943           0.122%            0.100%

  32                       5,789,395             118         10/1/2014          1st           34,774           0.122%            0.100%

  33                       5,588,073             118         10/1/2014          1st           31,097           0.122%            0.100%

  34                       5,294,199             119         11/1/2014          1st           30,093           0.122%            0.100%

  35                       5,094,257             119         11/1/2014          1st           28,476           0.122%            0.100%

  36                       4,994,000             84          12/1/2011          1st             0              0.122%            0.100%

  37                       4,944,426             119         11/1/2014          1st           27,638           0.122%            0.100%

  38                       3,988,567             117          9/1/2014          1st           23,879           0.072%            0.050%

  39                       3,750,000             120         12/1/2014          1st           20,687           0.122%            0.100%

  40                       3,496,002             119         11/1/2014          1st           19,375           0.122%            0.100%

  41                       3,475,607             178         10/1/2019          1st           28,801           0.122%            0.100%

  42                       3,000,000             118         10/1/2014          1st             0              0.122%            0.100%

  43                       2,245,793             118         10/1/2014          1st           13,346           0.072%            0.050%

  44                       2,146,041             118         10/1/2014          1st           12,846           0.072%            0.050%

  45                       2,095,941             118         10/1/2014          1st           12,255           0.072%            0.050%

  46                       1,802,089             58          10/1/2009          1st           11,046           0.072%            0.050%

  47                      97,504,000             84          12/1/2011          1st             0              0.042%            0.020%

  48                      38,000,000             81           9/1/2011          1st          210,756           0.122%            0.100%

  49                      28,000,000             118         10/1/2014          1st          158,454           0.122%            0.100%

  50                      23,910,000             130         10/1/2015          1st          134,411           0.122%            0.100%

 

  51                      21,650,321             92           8/1/2012          1st          140,319           0.122%            0.100%

  52                      13,238,879             92           8/1/2012          1st           85,803           0.122%            0.100%

                        34,889,200

 

  53                      20,300,000             113           5/1/2014          1st          113,649           0.122%            0.100%

  54                      12,125,126             120         12/1/2014          1st           68,872           0.122%            0.100%

  55                       7,237,325             118          10/1/2014          1st           44,399           0.082%            0.060%

  56                       6,602,979             118         10/1/2014          1st           38,261           0.122%            0.100%

  57                       6,181,481             117           9/1/2014          1st           36,182           0.122%            0.100%

  58                       5,618,441             59          11/1/2009          1st           30,756           0.122%            0.100%

  59                       5,580,938             116           8/1/2014          1st           34,809           0.122%            0.100%

  60                       3,402,413             117          9/1/2014          1st           20,023           0.072%            0.050%

  61                       3,183,809             55            7/1/2009          1st           18,169           0.092%            0.070%

  62                       2,297,621             119         11/1/2014          1st           13,495           0.072%            0.050%

  63                      17,980,916             119          11/1/2014          1st          104,119           0.122%            0.100%

  64                       5,920,000             120         12/1/2014          1st           33,261           0.122%            0.100%

  65                       7,500,000             119          11/1/2014          1st           41,615           0.122%            0.100%

  66                       5,740,986             119         11/1/2014          1st           35,163           0.122%            0.100%

  67                       3,955,683             117           9/1/2014          1st           23,534           0.102%            0.080%

  68                       3,950,000             120         12/1/2014          1st           21,495           0.122%            0.100%

  69                       2,996,775             119          11/1/2014          1st           17,213           0.122%            0.100%

  70                       2,757,055             119         11/1/2014          1st           15,906           0.122%            0.100%

  71                       2,695,921             119          11/1/2014          1st           16,904           0.072%            0.050%

  72                       1,997,866             119         11/1/2014          1st           11,526           0.122%            0.100%

  73                      18,354,052             55            7/1/2009          1st          103,315           0.122%            0.100%

  74                       4,720,000             55           7/1/2009          1st           26,860           0.122%            0.100%

  75                       2,994,202             118          10/1/2014          1st           17,507           0.092%            0.070%

  76                       9,064,095             117          9/1/2014          1st           60,594           0.072%            0.050%

  77                       4,992,829             119          11/1/2014          1st           32,337           0.122%            0.100%

  78                       4,500,000             60          12/1/2009          1st           28,255           0.072%            0.050%

  79                       8,989,648             119          11/1/2014          1st           49,615           0.122%            0.100%

------------------------------------------------------------------------------------------------------------------------------------

Totals/Weighted

Average                $956,589,348

------------------------------------------------------------------------------------------------------------------------------------

 

 

 

<CAPTION>

             Master

           Servicing                                                         Original

Sequence       Fee            Ownership                                      Amortization

  Number        Rate            Interest                  Crossed                (months)         ARD Loan      Grace Period

---------------------------------------------------------------------------------------------------------------------------

<S>           <C>            <C>                     <C>                         <C>             <C>             <C>

  1           0.020%              Fee                       No                      360               No              5

  2           0.020%              Fee                       No                      0                No              5

  3           0.020%              Fee                       No                      0               Yes              10

  4           0.020%              Fee                       No                     360               No             10

  5           0.020%              Fee                       No                      0               Yes              5

  6           0.020%               Fee                       No                     360               No             10

  7           0.020%              Fee                       No                     360               No             10

  8           0.020%              Fee                        No                     360               No              5

  9           0.020%         Fee/Leasehold                  No                     360               No              5

  10           0.020%              Fee                       No                     360               No              5

  11           0.020%              Fee                       No                     360               No              5

  12           0.020%              Fee                       No                     360               No              5

  13           0.020%              Fee                       No                     360               No              5

  14           0.020%              Fee                       No                     360               No             10

  15           0.020%               Fee                       No                     360               No              5

 

16.1                                                      No

16.2                                                      No

16.3                                                       No

  16           0.020%              Fee                       No                     348               No             10

 

  17           0.020%              Fee                       No                     360               No              5

  18           0.020%               Fee                       No                     360              Yes              5

  19           0.020%              Fee                       No                     360               No              5

  20           0.020%              Fee                        No                     360              Yes              5

  21           0.020%              Fee                       No                     360               No              5

  22           0.020%              Fee                       No                     360               No              5

  23           0.020%              Fee                       No                     360               No             10

  24           0.020%              Fee                       No                     360               No              5

  25           0.020%              Fee                       No                     360               No             15

  26           0.020%              Fee                       No                     360              Yes              5

  27           0.020%               Fee                       No                     360               No              5

  28           0.020%              Fee                       No                      0                No              5

  29           0.020%              Fee                       No                     360               No              5

  30           0.020%              Fee                       No                     360               No              5

  31           0.020%              Fee                       No                     360                No              5

  32           0.020%              Fee                       No                     360               No              5

  33           0.020%              Fee                       No                     360               No             10

  34            0.020%              Fee                       No                     360               No              5

  35           0.020%              Fee                       No                     360               No              5

  36           0.020%              Fee                       No                      0                No              5

  37           0.020%              Fee                       No                     360               No              5

  38           0.020%              Fee                       No                      360               No              5

  39           0.020%              Fee                       No                     360               No              5

  40           0.020%              Fee                       No                     360                No              5

  41           0.020%              Fee                       No                     180               No              5

  42           0.020%              Fee                       No                      0                No              5

  43            0.020%              Fee                       No                     360               No              5

  44           0.020%              Fee                       No                     360               No              5

  45           0.020%              Fee                        No                     360               No              5

  46           0.020%              Fee                       No                     300               No              5

  47           0.020%              Fee                       No                       0                No              0

  48           0.020%              Fee                       No                     360               No             10

  49           0.020%              Fee                       No                     360               No               5

  50           0.020%              Fee                       No                     360               No             10

 

  51           0.020%              Fee                Yes(BACM 04-6-C)              360               No              0

  52           0.020%              Fee                Yes(BACM 04-6-C)              360               No              0

 

 

  53           0.020%              Fee                       No                     360               No             10

  54           0.020%              Fee                        No                     360               No              5

  55           0.020%              Fee                       No                     360               No              5

  56           0.020%              Fee                       No                      360               No              5

  57           0.020%              Fee                       No                     360               No              5

  58           0.020%              Fee                       No                     360               No               5

  59           0.020%              Fee                       No                     360               No              5

  60           0.020%              Fee                       No                     360               No              5

  61           0.020%               Fee                       No                     360               No             10

  62           0.020%              Fee                       No                     360               No              5

  63           0.020%           Leasehold                     No                     360               No              5

  64           0.020%              Fee                       No                     360               No              5

  65           0.020%              Fee                       No                     360               No              5

  66           0.020%              Fee                       No                     300               No              5

  67           0.020%              Fee                       No                     359               No              5

  68           0.020%              Fee                       No                     360               No              5

  69           0.020%         Fee/Leasehold                  No                     360               No              5

  70           0.020%               Fee                       No                     360               No              5

  71           0.020%              Fee                       No                     300               No              5

  72           0.020%              Fee                       No                     360               No              5

  73           0.020%              Fee                       No                     360               No              0

  74           0.020%              Fee                       No                     360                No              0

  75           0.020%              Fee                       No                     360               No              5

  76           0.020%              Fee                       No                     300               No              5

  77            0.020%              Fee                       No                     300               No              5

  78           0.020%              Fee                       No                     300               No              5

  79           0.020%              Fee                        No                     360               No             10

---------------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>

 

                                   SCHEDULE II

 

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

 

 

            For purposes of these representations and warranties, the phrases

"to the knowledge of the Seller" or "to the Seller's knowledge" shall mean,

except where otherwise expressly set forth below, the actual state of knowledge

of the Seller or any servicer acting on its behalf regarding the matters

referred to (i) after having conducted such inquiry and due diligence into such

matters as would be customarily performed by prudent institutional commercial or

multifamily mortgage lenders, as applicable, at the time of the origination of

the particular Mortgage Loan and (ii) subsequent to such origination, utilizing

the servicing and monitoring practices customarily utilized by prudent

commercial mortgage loan servicers with respect to securitizable commercial or

multifamily, as applicable, mortgage loans, and the Seller shall have made

prudent inquiries of related servicers, and the phrases "to the actual knowledge

of the Seller" or "to the Seller's actual knowledge" shall mean, except where

otherwise expressly set forth below, the actual state of knowledge of the Seller

without any express or implied obligation to make inquiry. All information

contained in documents which are part of or required to be part of a Mortgage

File (each such document, a "Loan Document") shall be deemed to be within the

knowledge and the actual knowledge of the Seller. Wherever there is a reference

to receipt by, or possession of, the Seller of any information or documents, or

to any action taken by the Seller or not taken by the Seller or its agents or

employees, such reference shall include the receipt or possession of such

information or documents by, or the taking of such action or not taking such

action by the Seller or any servicer acting on its behalf.

 

            The Seller represents and warrants with respect to each Mortgage

Loan that, as of the date specified below or, if no such date is specified, as

of the Closing Date:

 

                  (1) Mortgage Loan Schedule. The information pertaining to each

            Mortgage Loan set forth in the schedule annexed hereto as Schedule I

            (the "Mortgage Loan Schedule") was true and correct in all material

            respects as of the Cut-off Date.

 

                  (2) Legal Compliance - Origination, Funding and Servicing. As

            of the date of its origination, and to the actual knowledge of the

            Seller as of the Closing Date, such Mortgage Loan complied in all

             material respects with, or was exempt from, all requirements of

            federal, state or local law relating to the origination, funding and

            servicing of such Mortgage Loan.

 

                  (3) Good Title; Conveyance. Immediately prior to the sale,

            transfer and assignment to the Purchaser, the Seller had good title

            to, and was the sole owner of, each Mortgage Loan, and the Seller is

            transferring such Mortgage Loan free and clear of any and all liens,

             pledges, charges, security interests, participation interests and/or

            of any other interests or encumbrances of any nature whatsoever and

            the Seller has full right, power and authority to sell, transfer and

            assign each Mortgage Lo