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MANAGEMENT’S ASSERTION OF
COMPLIANCE





Management of the Trust & Agency Services department of Deutsche Bank
National Trust Company and Deutsche Bank Trust Company Americas (collectively the “Company”) is responsible for assessing
the servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission to determine
which criteria are applicable to the Company in respect of the servicing platform described below. Management has determined that
the servicing criteria are applicable in regard to the servicing platform as of and for the period as follows:



Platform: Publicly-issued (i.e., transaction-level reporting
required under the Securities Exchange Act of 1934, as amended) and certain privately-issued (i.e., for which transaction-level
reporting is required pursuant to contractual obligation) residential mortgage-backed securities, commercial mortgage-backed securities
and other asset-backed securities issued on or after January 1, 2006, for which the Company provides trustee, certificate administrator,
securities administration, paying agent or custodian services, as defined in the transaction agreements, excluding publicly-issued
securities sponsored or issued by any government sponsored entity (the “Platform”).



Applicable Servicing Criteria: All servicing criteria set forth in
Item 1122(d), to the extent required by Item 1122(d) servicing criteria in regards to the activities performed by the Company with
respect to the Platform as to any transaction, except for the following criteria: 1122(d)(4)(iv) – 1122(d)(4)(xiv), which
management has determined are not applicable to the activities the Company performs with respect to the Platform (the “Applicable
Servicing Criteria”). With respect to Applicable Servicing Criteria 1122(d)(1)(ii), 1122(d)(1)(iii), 1122(d)(2)(iii) and
1122(d)(4)(iii) there were no activities performed during the year ended December 31, 2018 with respect to the Platform, because
there were no occurrences of events that would require the Company to perform such activities.



Period: Year ended December 31, 2018 (the “Period”).



Management's interpretation of Applicable Servicing Criteria: The
Company’s management has determined that servicing criterion 1122(d)(1)(iii) is applicable only with respect to its continuing
obligation to act as, or locate a, successor servicer under the circumstances referred to in certain transaction agreements. It
is management's interpretation that the Company has no other active back-up servicing responsibilities in regards to servicing
criterion 1122(d)(1)(iii) as of and for the Period. The Company’s management has determined that servicing criterion 1122(d)(1)(v)
is applicable only to the activities the Company performs related to the mathematically accurate aggregation of information received
from servicers and the accurate conveyance of such information within reports to investors. The Company’s management has
determined that servicing criterion 1122(d)(4)(iii) is applicable to the activities the Company performs with respect to the Platform
only as it relates to the Company’s obligation to report additions, removals or substitutions on reports to investors in
accordance with the transaction agreements.



With respect to the Platform as of and for the Period, the Company’s
management provides the following assertion of compliance with respect to the Applicable Servicing Criteria:



| | · | The Company’s management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.
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| | · | The Company’s management has assessed compliance with the Applicable Servicing Criteria. In making this assessment, management
used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.
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| | · | Based on such assessment, the Company has complied, in all material respects with the Applicable Servicing Criteria.
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KPMG LLP, an independent registered public accounting firm, has issued an
attestation report with respect to management’s assertion of compliance with the Applicable Servicing Criteria as of and
for the Period.





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Dated: February 28, 2019

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