Document ID: 16704

Text:
Rep. No. on Annex D-1 | | Mortgage Loan and Number as Identified on Annex A-1| | Description of Exception ---|---|---|---|--- (16) Insurance| | Simon Premium Outlets (Loan No. 12)| | All policies are required to be issued by one or more insurers having a rating of at least A by S&amp;P, or by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings, and all such insurers are required to have ratings of not less than BBB by S&amp;P. Notwithstanding the foregoing, the Mortgagor is permitted to continue to maintain the insurance coverage with the insurer(s) under the policies substantially similar to those evidenced in the certificates of insurance delivered to and approved by the lender on the origination date, provided that such insurer(s) maintain no less than the claims paying ability rating applicable thereto by S&amp;P set forth above (or by A.M. Best to the extent permitted under the Mortgage Loan Agreement) and in effect on the origination date. If any portion of a Mortgaged Property is located in a special flood hazard area, flood insurance is required to be maintained in the lesser of (a) the outstanding principal balance of the Mortgage Loan or (b) the maximum amount of such insurance available under the National Flood Insurance Act of 1968 , the Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994 , as each may be amended. The threshold used in the Mortgage Loan documents, as it pertains to use of insurance proceeds for repair and restoration in respect of a property loss, is a fixed amount, instead of the then outstanding principal amount of the Mortgage Loan. | | | | (16) Insurance| | AMA Plaza (Loan No.14)| | All policies are required to be issued by one or more insurers having a rating of at least A by S&amp;P and A2 by Moodys (or, if Moodys does not rate such insurer, at least A: VIII by A.M. Best), or by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings, and all such insurers are required to have ratings of not less than BBB+ by S&amp;P and Baa1 by Moodys (or, if Moodys does not rate such insurer, at least A: VIII by A.M. Best). Notwithstanding the foregoing, the Mortgagor is permitted to continue to utilize Starr Surplus Lines Insurance Company (Starr), rated A: XV by A.M. Best, under the Mortgagors current policies as of the origination date provided that (1) the rating of Starr is not withdrawn or downgraded below the origination date and (2) at renewal of the current policy term In August 2017, the Mortgagor is required to replace Starr with an insurance company meeting the rating requirements set forth above. | | | | (16) Insurance| | Market at Cedar Hill (Loan No. 22)| | All policies of insurance may be issued by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings (provided that the first layers of coverage are from insurers rated at least A by S&amp;P and A2 by Moodys, if Moodys rates such insurer and is rating the Certificates, and all such insurers shall have ratings of not less than BBB+ by S&amp;P and Baa1 by Moodys, if Moodys rates such insurer and is rating the Certificates). The Mortgagors insurance provider as of the origination date is not rated by S&amp;P, but is an acceptable provider so long as it is rated by AM Best as at least A-XII. | | | | (16) Insurance| | Best Buy Braintree (Loan No. 27) Best Buy Fort Lauderdale (Loan No. 30) | | All policies of insurance may be issued by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings (provided that the first layer of coverage are from insurers rated at least A by S&amp;P and A2 by Moodys, if Moodys rates such insurer and is rating the Certificates, and all such insurers shall have ratings of not less than BBB+ by S&amp;P and Baa1 by Moodys, if Moodys rates such insurer and is rating the Certificates).

Named Entities:
52
55
PII_Ref
95
96
Percentage
115
116
Percentage
247
249
Title
310
315
Act
318
323
Act
326
332
Act
447
449
Percentage
583
585
Percentage
670
673
PII_Ref

Tokenized Text:
Rep
.
No
.
on
Annex
D-1
|
|
Mortgage
Loan
and
Number
as
Identified
on
Annex
A-1
|
|
Description
of
Exception
-
-
-
|
-
-
-
|
-
-
-
|
-
-
-
|
-
-
-
(
16
)
Insurance
|
|
Simon
Premium
Outlets
(
Loan
No
.
12
)
|
|
All
policies
are
required
to
be
issued
by
one
or
more
insurers
having
a
rating
of
at
least
A
by
S
&
amp
;
P
,
or
by
a
syndicate
of
insurers
through
which
at
least
75
%
of
the
coverage
(
if
there
are
4
or
fewer
members
of
the
syndicate
)
or
at
least
60
%
of
the
coverage
(
if
there
are
5
or
more
members
of
the
syndicate
)
is
with
insurers
having
such
ratings
,
and
all
such
insurers
are
required
to
have
ratings
of
not
less
than
BBB
by
S
&
amp
;
P
.
Notwithstanding
the
foregoing
,
the
Mortgagor
is
permitted
to
continue
to
maintain
the
insurance
coverage
with
the
insurer
(
s
)
under
the
policies
substantially
similar
to
those
evidenced
in
the
certificates
of
insurance
delivered
to
and
approved
by
the
lender
on
the
origination
date
,
provided
that
such
insurer
(
s
)
maintain
no
less
than
the
claims
paying
ability
rating
applicable
thereto
by
S
&
amp
;
P
set
forth
above
(
or
by
A
.
M
.
Best
to
the
extent
permitted
under
the
Mortgage
Loan
Agreement
)
and
in
effect
on
the
origination
date
.
If
any
portion
of
a
Mortgaged
Property
is
located
in
a
special
flood
hazard
area
,
flood
insurance
is
required
to
be
maintained
in
the
lesser
of
(
a
)
the
outstanding
principal
balance
of
the
Mortgage
Loan
or
(
b
)
the
maximum
amount
of
such
insurance
available
under
the
National
Flood
Insurance
Act
of
1968
,
the
Flood
Disaster
Protection
Act
of
1973
or
the
National
Flood
Insurance
Reform
Act
of
1994
,
as
each
may
be
amended
.
The
threshold
used
in
the
Mortgage
Loan
documents
,
as
it
pertains
to
use
of
insurance
proceeds
for
repair
and
restoration
in
respect
of
a
property
loss
,
is
a
fixed
amount
,
instead
of
the
then
outstanding
principal
amount
of
the
Mortgage
Loan
.
|
|
|
|
(
16
)
Insurance
|
|
AMA
Plaza
(
Loan
No
.
14
)
|
|
All
policies
are
required
to
be
issued
by
one
or
more
insurers
having
a
rating
of
at
least
A
by
S
&
amp
;
P
and
A2
by
Moodys
(
or
,
if
Moodys
does
not
rate
such
insurer
,
at
least
A
:
VIII
by
A
.
M
.
Best
)
,
or
by
a
syndicate
of
insurers
through
which
at
least
75
%
of
the
coverage
(
if
there
are
4
or
fewer
members
of
the
syndicate
)
or
at
least
60
%
of
the
coverage
(
if
there
are
5
or
more
members
of
the
syndicate
)
is
with
insurers
having
such
ratings
,
and
all
such
insurers
are
required
to
have
ratings
of
not
less
than
BBB
+
by
S
&
amp
;
P
and
Baa1
by
Moodys
(
or
,
if
Moodys
does
not
rate
such
insurer
,
at
least
A
:
VIII
by
A
.
M
.
Best
)
.
Notwithstanding
the
foregoing
,
the
Mortgagor
is
permitted
to
continue
to
utilize
Starr
Surplus
Lines
Insurance
Company
(
Starr
)
,
rated
A
:
XV
by
A
.
M
.
Best
,
under
the
Mortgagors
current
policies
as
of
the
origination
date
provided
that
(
1
)
the
rating
of
Starr
is
not
withdrawn
or
downgraded
below
the
origination
date
and
(
2
)
at
renewal
of
the
current
policy
term
In
August
2017
,
the
Mortgagor
is
required
to
replace
Starr
with
an
insurance
company
meeting
the
rating
requirements
set
forth
above
.
|
|
|
|
(
16
)
Insurance
|
|
Market
at
Cedar
Hill
(
Loan
No
.
22
)
|
|
All
policies
of
insurance
may
be
issued
by
a
syndicate
of
insurers
through
which
at
least
75
%
of
the
coverage
(
if
there
are
4
or
fewer
members
of
the
syndicate
)
or
at
least
60
%
of
the
coverage
(
if
there
are
5
or
more
members
of
the
syndicate
)
is
with
insurers
having
such
ratings
(
provided
that
the
first
layers
of
coverage
are
from
insurers
rated
at
least
A
by
S
&
amp
;
P
and
A2
by
Moodys
,
if
Moodys
rates
such
insurer
and
is
rating
the
Certificates
,
and
all
such
insurers
shall
have
ratings
of
not
less
than
BBB
+
by
S
&
amp
;
P
and
Baa1
by
Moodys
,
if
Moodys
rates
such
insurer
and
is
rating
the
Certificates
)
.
The
Mortgagors
insurance
provider
as
of
the
origination
date
is
not
rated
by
S
&
amp
;
P
,
but
is
an
acceptable
provider
so
long
as
it
is
rated
by
AM
Best
as
at
least
A-XII
.
|
|
|
|
(
16
)
Insurance
|
|
Best
Buy
Braintree
(
Loan
No
.
27
)
Best
Buy
Fort
Lauderdale
(
Loan
No
.
30
)
|
|
All
policies
of
insurance
may
be
issued
by
a
syndicate
of
insurers
through
which
at
least
75
%
of
the
coverage
(
if
there
are
4
or
fewer
members
of
the
syndicate
)
or
at
least
60
%
of
the
coverage
(
if
there
are
5
or
more
members
of
the
syndicate
)
is
with
insurers
having
such
ratings
(
provided
that
the
first
layer
of
coverage
are
from
insurers
rated
at
least
A
by
S
&
amp
;
P
and
A2
by
Moodys
,
if
Moodys
rates
such
insurer
and
is
rating
the
Certificates
,
and
all
such
insurers
shall
have
ratings
of
not
less
than
BBB
+
by
S
&
amp
;
P
and
Baa1
by
Moodys
,
if
Moodys
rates
such
insurer
and
is
rating
the
Certificates
)
.