Document ID: 16705

Text:
Rep. No. on Annex D-1 | | Mortgage Loan and Number as Identified on Annex A-1| | Description of Exception ---|---|---|---|--- (17) Access; Utilities; Separate Tax Lots| | U.S. Industrial Portfolio (Loan No. 3)| | One Mortgagor previously owned a vacant, non-income producing outparcel adjacent to the Mortgaged Property.The outparcel is not a separate tax lot however, (i) the Mortgagor is required to cause a separate tax lot to be established prior to any applicable deadline for accomplishing the same prior to the 2017 tax year, and (ii) the Mortgagor has reserved with the lender the amount of taxes payable with respect to such parcel over the ensuing 12 months. The lender may require that the Mortgagor replenish such escrow (in an amount reasonably estimated by the lender) on each subsequent anniversary of the origination date, until such evidence of separate tax parcel is delivered to the lender. | | | | (17) Access; Utilities; Separate Tax Lots| | Lyric Centre (Loan No. 10)| | The Mortgaged Property and the adjacent tract owned by LCE Law Office Building, Inc. were previously part of the same tax parcel. In accordance with the Harris County Appraisal Districts (HCAD) policy on dividing parcels, a request was submitted in 2016 to divide the Mortgaged Property and the adjacent tract into two separate tax parcels. HCAD has issued two separate tax parcel numbers but dividing the two properties requires an appraisal and remapping, which will be completed in 2017. | | | | (24) Local Law Compliance| | Walgreens Citrus Heights (Loan No. 26)| | The Sacramento Metropolitan Fire District issued a letter, dated October 3, 2016, stating that the Mortgaged Property was subject to certain fire code violations. The Mortgagor has a post-closing obligation to exercise commercially reasonable efforts to deliver to the mortgage lender evidence that such violations have been removed of record within 60 days after the origination date. | | | | (26) Recourse Obligations| | 350 Park Avenue (Loan No. 1 ) Lafayette Centre (Loan No. 2) Pentagon Center (Loan No. 17) | | The Mortgagor is the only obligated party as it relates to the recourse carveouts and springing recourse obligations. | | | | (26) Recourse Obligations| | U.S. Industrial Portfolio (Loan No. 3)| | Recourse carveouts do not include misappropriation of condemnation proceeds. | | | | (26) Recourse Obligations| | Simon Premium Outlets (Loan No. 12)| | For so long as Simon Property Group, L.P. is the guarantor under the guaranty and indemnitor under the environmental indemnity, the recourse liability of guarantor under such documents is required to be limited to 20% of the Whole Loan as of the origination date and all of the reasonable, out-of-pocket costs and expenses (including, but not limited to, court costs and fees and reasonable attorneys fees) incurred by the lender in connection with the enforcement of, or preservation of the lenders rights under, the guaranty and the environmental indemnity. | | | | (26) Recourse Obligations| | 604 Mission Street (Loan No. 19)| | The Mortgage Loan documents contain provisions for recourse against the Mortgagor and guarantor for the commission of intentional material physical waste at the Mortgaged Property, in an amount generally limited to the amount of rents, issues, proceeds and profits from the Mortgaged Property for the 12 months preceding an event of default under the Mortgage Loan and thereafter. | | | | (29) Acts of Terrorism Exclusions| | Simon Premium Outlets (Loan No. 12)| | If TRIPRA is no longer in effect, the related Mortgagors are not required to pay annual premiums for a stand-alone policy for a Mortgaged Property in excess of an amount equal to two (2) times the then- current annual insurance premiums payable for the policies insuring such Mortgaged Property (excluding the wind and flood components of such Insurance Premiums) on a stand-alone basis.

Named Entities:
61
64
PII_Ref
214
217
PII_Ref
333
336
Court
342
345
EffectiveDate
405
407
Address
414
415
Address
422
423
Address
547
548
Percentage
622
624
Address
626
629
PII_Ref

Tokenized Text:
Rep
.
No
.
on
Annex
D-1
|
|
Mortgage
Loan
and
Number
as
Identified
on
Annex
A-1
|
|
Description
of
Exception
-
-
-
|
-
-
-
|
-
-
-
|
-
-
-
|
-
-
-
(
17
)
Access
;
Utilities
;
Separate
Tax
Lots
|
|
U
.
S
.
Industrial
Portfolio
(
Loan
No
.
3
)
|
|
One
Mortgagor
previously
owned
a
vacant
,
non-income
producing
outparcel
adjacent
to
the
Mortgaged
Property
.
The
outparcel
is
not
a
separate
tax
lot
however
,
(
i
)
the
Mortgagor
is
required
to
cause
a
separate
tax
lot
to
be
established
prior
to
any
applicable
deadline
for
accomplishing
the
same
prior
to
the
2017
tax
year
,
and
(
ii
)
the
Mortgagor
has
reserved
with
the
lender
the
amount
of
taxes
payable
with
respect
to
such
parcel
over
the
ensuing
12
months
.
The
lender
may
require
that
the
Mortgagor
replenish
such
escrow
(
in
an
amount
reasonably
estimated
by
the
lender
)
on
each
subsequent
anniversary
of
the
origination
date
,
until
such
evidence
of
separate
tax
parcel
is
delivered
to
the
lender
.
|
|
|
|
(
17
)
Access
;
Utilities
;
Separate
Tax
Lots
|
|
Lyric
Centre
(
Loan
No
.
10
)
|
|
The
Mortgaged
Property
and
the
adjacent
tract
owned
by
LCE
Law
Office
Building
,
Inc
.
were
previously
part
of
the
same
tax
parcel
.
In
accordance
with
the
Harris
County
Appraisal
Districts
(
HCAD
)
policy
on
dividing
parcels
,
a
request
was
submitted
in
2016
to
divide
the
Mortgaged
Property
and
the
adjacent
tract
into
two
separate
tax
parcels
.
HCAD
has
issued
two
separate
tax
parcel
numbers
but
dividing
the
two
properties
requires
an
appraisal
and
remapping
,
which
will
be
completed
in
2017
.
|
|
|
|
(
24
)
Local
Law
Compliance
|
|
Walgreens
Citrus
Heights
(
Loan
No
.
26
)
|
|
The
Sacramento
Metropolitan
Fire
District
issued
a
letter
,
dated
October
3
,
2016
,
stating
that
the
Mortgaged
Property
was
subject
to
certain
fire
code
violations
.
The
Mortgagor
has
a
post-closing
obligation
to
exercise
commercially
reasonable
efforts
to
deliver
to
the
mortgage
lender
evidence
that
such
violations
have
been
removed
of
record
within
60
days
after
the
origination
date
.
|
|
|
|
(
26
)
Recourse
Obligations
|
|
350
Park
Avenue
(
Loan
No
.
1
)
Lafayette
Centre
(
Loan
No
.
2
)
Pentagon
Center
(
Loan
No
.
17
)
|
|
The
Mortgagor
is
the
only
obligated
party
as
it
relates
to
the
recourse
carveouts
and
springing
recourse
obligations
.
|
|
|
|
(
26
)
Recourse
Obligations
|
|
U
.
S
.
Industrial
Portfolio
(
Loan
No
.
3
)
|
|
Recourse
carveouts
do
not
include
misappropriation
of
condemnation
proceeds
.
|
|
|
|
(
26
)
Recourse
Obligations
|
|
Simon
Premium
Outlets
(
Loan
No
.
12
)
|
|
For
so
long
as
Simon
Property
Group
,
L
.
P
.
is
the
guarantor
under
the
guaranty
and
indemnitor
under
the
environmental
indemnity
,
the
recourse
liability
of
guarantor
under
such
documents
is
required
to
be
limited
to
20
%
of
the
Whole
Loan
as
of
the
origination
date
and
all
of
the
reasonable
,
out-of-pocket
costs
and
expenses
(
including
,
but
not
limited
to
,
court
costs
and
fees
and
reasonable
attorneys
fees
)
incurred
by
the
lender
in
connection
with
the
enforcement
of
,
or
preservation
of
the
lenders
rights
under
,
the
guaranty
and
the
environmental
indemnity
.
|
|
|
|
(
26
)
Recourse
Obligations
|
|
604
Mission
Street
(
Loan
No
.
19
)
|
|
The
Mortgage
Loan
documents
contain
provisions
for
recourse
against
the
Mortgagor
and
guarantor
for
the
commission
of
intentional
material
physical
waste
at
the
Mortgaged
Property
,
in
an
amount
generally
limited
to
the
amount
of
rents
,
issues
,
proceeds
and
profits
from
the
Mortgaged
Property
for
the
12
months
preceding
an
event
of
default
under
the
Mortgage
Loan
and
thereafter
.
|
|
|
|
(
29
)
Acts
of
Terrorism
Exclusions
|
|
Simon
Premium
Outlets
(
Loan
No
.
12
)
|
|
If
TRIPRA
is
no
longer
in
effect
,
the
related
Mortgagors
are
not
required
to
pay
annual
premiums
for
a
stand-alone
policy
for
a
Mortgaged
Property
in
excess
of
an
amount
equal
to
two
(
2
)
times
the
then
-
current
annual
insurance
premiums
payable
for
the
policies
insuring
such
Mortgaged
Property
(
excluding
the
wind
and
flood
components
of
such
Insurance
Premiums
)
on
a
stand-alone
basis
.