ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA





The management (“Management”) of the Corporate
Trust Services division of Wells Fargo Bank, National Association (the “Company”) is responsible for assessing
the Company’s compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities
and Exchange Commission. Management has determined that the servicing criteria are applicable in regards to the servicing platform
for the period as follows:



Period: As of and for the twelve months ended December
31, 2016 (the “Period”).



Platform: The platform consists of commercial mortgage-backed
securities (“CMBS”) transactions backed by pools of commercial mortgage loans and/or backed by CMBS for which
the Company provides trustee, securities administration and/or paying agent services and where some or all of the offered securities
for such CMBS transactions were either (a) publicly issued pursuant to a registration statement delivered under the Securities
Act of 1933, as amended, or (b) privately issued pursuant to an exemption from registration where the Company has an obligation
under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d)
of Regulation AB; provided however that, the platform excludes any transactions (i) where the offered securities were issued, sponsored
or guaranteed by any agency or instrumentality of the U.S. government or any government-sponsored entity, and (ii) where the offered
securities were issued pursuant to a transaction that closed prior to January 1, 2006 and for which the Company outsources all
material servicing activities (as defined by Regulation AB) (the “CMBS Platform”). Appendix A identifies
the individual transactions defined by Management as constituting the CMBS Platform for the Period.



Applicable Servicing Criteria: All servicing criteria
set forth in Item 1122(d) applicable to the Company’s obligations in the related transaction agreements with respect to the
CMBS Platform for the Period, except for the following servicing criteria: 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi),
1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv),
which Management has determined are not applicable to the Company’s obligations in the related transaction agreements with
respect to the CMBS Platform for the Period; provided however that, with respect to the CMBS Platform (a) servicing criterion 1122(d)(1)(v)
is applicable only to the Company’s obligations related to the aggregation of information received and the conveyance of
such information, in each case, as required by the transaction agreements and (b) servicing criterion 1122(d)(4)(iii) is applicable
only to the Company’s obligations related to the process of making or effecting an addition, removal or substitution to the
asset pool in accordance with the transaction agreements (the “Applicable Servicing Criteria”).



Third parties classified as vendors: With respect to
servicing criterion 1122(d)(4)(i), the Company has engaged a vendor to handle certain Uniform Commercial Code filing obligations
required by the servicing criterion. Management has determined that this vendor is not considered a “servicer” as defined
in Item 1101(j) of Regulation AB, and Management elects to take responsibility for assessing compliance with the portion of the
servicing criterion applicable to this vendor as permitted by the SEC’s Compliance and Disclosure Interpretation, Section
200.06, Vendors Engaged by Servicers (“C&DI, 200.06”). The Company has policies and procedures in place
designed to provide reasonable assurance that the vendor’s activities comply in all material respects with the servicing
criterion applicable to the vendor. Management is solely responsible for determining that the Company meets the SEC requirements
to apply C&DI, 200.06 for the vendor and related criterion.



With respect to the CMBS Platform and the Period, Management
provides the following assessment of the Company’s compliance with respect to the Applicable Servicing Criteria:

1.    Management is responsible
for assessing the Company’s compliance with the Applicable Servicing Criteria.

2.    Management
has assessed the Company’s compliance with the Applicable Servicing Criteria, including the servicing criterion for which
compliance is determined based on C&DI, 200.06, as described above. In performing this assessment, Management used the criteria
set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

3.    With respect to applicable servicing
criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), Management has determined that there were no activities performed during the Period
with respect to the CMBS Platform, because there were no occurrences of events that would require the Company to perform such activities.



4.    Based on such assessment for
the Period, the Company has complied in all material respects with the Applicable Servicing Criteria.

KPMG LLP, an independent registered public accounting firm,
has issued an attestation report with respect to Management’s assessment of the Company’s compliance with the Applicable
Servicing Criteria for the Period.



| | WELLS FARGO BANK, National Association
| | --------------------------------------
| |                                       
| | By:                                   
| |                                       
| |                                       
| | Title:                                
| |                                       
| | Dated:                                














Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|BAC 2001-1                
|BAC 2001-3                
|BAC 2003-2                
|BAC 2004-1                
|BAC 2004-3                
|BAC 2004-5                
|BAC 2005-1                
|BAC 2005-4                
|BAC 2006-3                
|BAC 2006-4                
|BAC 2006-6                
|BAC 2007-2                
|BAC 2007-3                
|BAC 2007-4                
|BAC 2007-5                
|BACM 2008-1               
|BACM 2008-LS1             
|BACM2016-UBS10            
|BAMLL2016-ISQR            
|BANC OF AMER 2006-1       
|BBCMS2016-ETC             
|BEAR 2000-WF2             
|BEAR 2001-TOP2            
|BEAR 2001-TOP4            
|BEAR 2002-PBW1            
|BEAR 2002-TOP6            
|BEAR 2002-TOP8            
|BEAR 2003-PWR2            
|BEAR 2003-TOP10           
|BEAR 2003-TOP12           

A-1




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|BEAR 2004-PWR3            
|BEAR 2004-PWR4            
|BEAR 2004-PWR5            
|BEAR 2004-PWR6            
|BEAR 2004-TOP14           
|BEAR 2004-TOP16           
|BEAR 2005-AFR1            
|BEAR 2005-PWR10           
|BEAR 2005-PWR7            
|BEAR 2005-PWR8            
|BEAR 2005-PWR9            
|BEAR 2005-TOP18           
|BEAR 2005-TOP20           
|BEAR 2006-PWR11           
|BEAR 2006-PWR12           
|BEAR 2006-PWR13           
|BEAR 2006-PWR14           
|BEAR 2006-TOP22           
|BEAR 2006-TOP24           
|BEAR 2007-PWR15           
|BEAR 2007-PWR16           
|BEAR 2007-PWR17           
|BEAR 2007-PWR18           
|BEAR 2007-TOP26           
|BEAR 2007-TOP28           
|BSC 1999-WF2              
|CCMT 2004-C2              
|CCMT 2008-C7              
|CD 2006-CD2               
|CD2016-CD1                
|CD2016-CD2                

A-2




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|CFCRE 2016-C3             
|CFCRE2016-C6              
|CFCRE2016-C7              
|CGCMT2016-GC36            
|COBALT 2006-C1            
|COBALT 2007-C2            
|COBALT 2007-C3            
|COM 1998-C02              
|COMM12-CCRE1              
|COMM12-CCRE2              
|COMM12-CCRE4              
|COMM12-CCRE5              
|COMM13-CCRE7              
|COMM13-LC6                
|COMM15-CCRE23             
|COMM 2000-1               
|COMM 2003-LNB1            
|COMM 2004-LNB2            
|COMM 2004-LNB4            
|COMM 2005-C6              
|COMM 2005-LP5             
|COMM 2006-C7              
|COMM 2006 -C8             
|COMM 2007-C9              
|COMM2013-CCRE10           
|COMM2013-CCRE12           
|COMM2014-CCRE15           
|COMM2014-CCRE16           
|COMM2014-CCRE18           
|COMM2014-CCRE19           
|COMM2014-CCRE20           

A-3




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|COMM2014-CCRE21           
|COMM2014-LC15             
|COMM2014-LC17             
|COMM2014-UBS3             
|COMM2014-UBS5             
|COMM2014-UBS6             
|COMM2015-CCRE24           
|COMM2015-CCRE26           
|COMM2015-CCRE27           
|COMM2015-DC1              
|COMM2015-LC19             
|COMM2015-LC23             
|COMM2015-PC1              
|COMM2016-10HY             
|COMM2016-667M             
|COMM2016-CCRE28           
|COMM2016-COR1             
|COMM2016-GCT              
|CSAIL2015-C1              
|CSAIL2015-C2              
|CSAIL2015-C3              
|CSAIL2015-C4              
|CSAIL2016-C5              
|CSAIL2016-C6              
|CSAIL2016-C7              
|CSF 1999-C01              
|CSFB 2001-CF2             
|CSFB 2001-CKN5            
|CSFB 2001-CP4             
|CSFB 2002-CKP1            
|CSFB 2002-CKS4            

A-4




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|CSFB 2003-C3              
|CSFB-2003-C4              
|CSFB 2003-C5              
|CSFB 2003-CPN1            
|CSFB 2004-C1              
|CSFB 2004-C2              
|CSFB 2004-C3              
|CSFB 2004-C4              
|CSFB 2004-C5              
|CSFB 2005-C1              
|CSFB 2005-C2              
|CSFB 2005-C3              
|CSFB 2005-C4              
|CSFB 2005-C5              
|CSFB 2005-C6              
|CSFB 2006-C1              
|CSFB 2006-C2              
|CSFB 2006-C3              
|CSFB 2006-C4              
|CSFB 2006-C5              
|CSFB 2007-C1              
|CSFB 2007-C2              
|CSFB 2007-C3              
|CSFB 2007-C4              
|CSFB 2007-C5              
|CSFB 2008-C1              
|CSMC2015-GLPA             
|CSMC2015-GLPB             
|CSMC2016-NXSR             
|DBJPM2016-C1              

A-5




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|DBJPM2016-C3              
|DBUBS 11-LC3              
|DLJ 1998-CF1              
|DLJ 1998-CF2              
|DLJ 1998-CG1              
|DLJ 1999-CG1              
|DLJ 1999-CG2              
|DLJ 1999-CG3              
|DLJ 2000-CKP1             
|FDIC 2012-C1              
|FIRST UNION 2000-C2       
|FIRST UNION 2001-C1       
|FIRST UNION 2001-C2       
|FIRST UNION 2001-C4       
|FLB 1998-C02              
|FUCM 2000-C1              
|FUN 1999-C01              
|FUN 1999-C02              
|FUN 1999-C04              
|GE 2002-1                 
|GE 2005-C2                
|GE 2005-C4                
|GE CAP 2002-3             
|GE CAP 2003-C1            
|GE CAP 2004-C1            
|GE CAP 2004-C3            
|GECMC 2007-C1             
|GMAC 2002-C3 A            
|GMAC 2004-C1              
|GMAC 2004-C3              
|GMAC 2006-C1              
|GMC 1999-C01              

A-6




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|GMC 1999-C03              
|GS 2003-C1                
|GS 2005-GG4               
|GS 2006-GG6               
|GS 2006-GG8               
|GS 2007-GG10              
|GSM2015-GC28              
|GSM2015-GS1               
|GSMS2013-CJ14             
|GSMS 2013-GCJ12           
|GSMS2014-GC18             
|GSMS2014-GC20             
|GSMS2014-GC22             
|GSMS2014-GC24             
|GSMS2015-590M             
|GSMS2015-GC32             
|GSMS2016-GS2              
|GSMS2016-GS3              
|GSMS2016-GS4              
|GSMS2016-VERITAS          
|GSMSC 12-GC6              
|GSMSC 12GCJ7              
|GSMSC 2013-GC10           
|JPM 2000-C9               
|JPM 2002-C3               
|JPM 2002-CIBC4            
|JPM 2002-CIBC5            
|JPM 2013-C12              
|JPM2013-C13               
|JPM2013-C14               
|JPM2013-C15               

A-7




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|JPM2013-C16               
|JPM2014-C18               
|JPM2014-C19               
|JPM2014-C20               
|JPM2014-C21               
|JPM2014-C22               
|JPM2014-C23               
|JPM2014-C24               
|JPM2014-C26               
|JPM2015-C27               
|JPM2015-C28               
|JPM2015-C29               
|JPM2015-C30               
|JPM2015-C31               
|JPM2015-C32               
|JPM2015-C33               
|JPM2015-JP1               
|JPM2016-C1                
|JPMB2014-C25              
|JPMC 12-CIBX              
|JPMC 12-LC9               
|JPMC 13-LC11              
|JPMC 2011-C5              
|JPMC 2012-C6              
|JPMC 2012-C8              
|JPMC 2013-C10             
|JPMC2013-C17              
|JPMC2015-HGLR             
|JPMC2015-WPG              
|JPMC 2016-CSTL            
|JPMC2016-HHV              

A-8




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|JPMC2016-JP2              
|JPMC2016-JP4              
|JPMC2016-NINE             
|JPMC2016-PLSD             
|JPMCC2016-JP3             
|JPM CHAS 2004-CIBC10      
|JPM CHAS 2005-CIBC11      
|JPM CHAS 2005-CIBC13      
|JPM CHAS 2006-CIBC16      
|JPM CHAS 2007-CIBC18      
|JPM CHAS 2007-CIBC20      
|JPM CHASE 2003-C1         
|JPM CHASE 2003-PM1        
|JPM CHASE 2004-C1         
|JPM CHASE 2004-C2         
|JPM CHASE 2004-C3         
|JPM CHASE 2004-CIBC8      
|JPM CHASE 2004-LN2        
|JPM CHASE 2005-LDP3       
|JPM CHASE 2005-LDP4       
|JPM CHASE 2006-LDP6       
|JPM CHASE 2006-LDP9       
|JPM CHASE 2007-C1         
|JPM CHASE 2007-LDP10      
|JPMDB2016-C2              
|JPMDB2016-C4              
|JP MORGAN 2001-C1         
|JP MORGAN 2001-CIBC2      
|JP MORGAN 2006-FL2        
|JP MORGAN 2007-FL1        
|LBC 1999-C01              

A-9




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|LB-UBS 2004-C2            
|LB-UBS 2004-C4            
|MAD2015-11MD              
|ML 2004-MKB1              
|ML 2005-MCP1              
|MLC 1998-C02              
|MLC 1998-CTA              
|ML-CFC 2006-3             
|ML-CFC 2007-5             
|ML-CFC 2007-9             
|MLMT 2005-LC1             
|MLMT 2007-C1              
|MORGAN 2006-TOP21         
|MS 2006-TOP23             
|MS 2007-TOP25             
|MS 2007-TOP27             
|MSBAM 12-C6               
|MSBAM 13-C8               
|MSBAM 13-C9               
|MSBAM14-C19               
|MSBAM15-C23               
|MSBAM 2013-C10            
|MSBAM2013-C11             
|MSBAM2013-C12             
|MSBAM2013-C13             
|MSBAM2014-C14             
|MSBAM2014-C15             
|MSBAM2015-C20             
|MSBAM2015-C21             
|MSBAM2015-C22             
|MSBAM2015-C24             

A-10




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|MSBAM2015-C26             
|MSBAM2015-C27             
|MSBAM2016-C28             
|MSBAM2016-C29             
|MSBAM2016-C30             
|MSBAM2016-C31             
|MSBAM2016-C32             
|MSC  2001-PPM             
|MSC  2001-TOP3            
|MSC  2001-TOP5            
|MSC  2003-IQ4             
|MSC  2003-IQ6             
|MSC  2003-TOP11           
|MSC  2003-TOP9            
|MSC  2004-HQ4             
|MSC  2004-IQ8             
|MSC  2004-TOP13           
|MSC  2004-TOP15           
|MSC  2005-HQ5             
|MSC  2005-HQ6             
|MSC  2005-IQ10            
|MSC  2005-TOP 17          
|MSC  2005-TOP 19          
|MSC 2006-HQ10             
|MSC 2006-IQ12             
|MSC 2007-HQ11             
|MSC 2007-HQ13             
|MSC2015-MS1               
|MSC2016-BNK2              
|MSCC 11-C3                
|MSCC 12-C4                

A-11




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|MSCFG2015-ALDR            
|MSCI 2007-HQ12            
|MSCI 2007-IQ15            
|MSCI 2007-IQ16            
|MSCI 2008-TOP29           
|MSCI2015-UBS8             
|MSCI2016-PSQ              
|MSCI2016-UBS11            
|MSCI2016-UBS12            
|MSCI2016-UBS9             
|MSMC 1998-WF2             
|MSMC 1999-FN1             
|MSMC 1999-WF1             
|PNC 2001-C1               
|PSSFC 2003-PWR1           
|RBSCF2013-GSP             
|SALOMON 00-C3             
|SASCO TIAA 2007-C4        
|SBMSVII 2000-C1           
|SBMSVII 2000-C2           
|SGCMS2016-C5              
|VNDO TRUST 2016-350P      
|WACHOVIA 2006-C23         
|WACHOVIA 2006-C25         
|WACHOVIA 2006-C26         
|WACHOVIA 2006-C27         
|WACHOVIA 2006-C28         
|WACHOVIA 2006-C29         
|WACHOVIA 2007-30          
|WACHOVIA 2007-C31         
|WACHOVIA 2007-C32         

A-12




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|WACHOVIA 2007-C33         
|WACHOVIA 2007-C34         
|WACM 2003-C3              
|WACM 2003-C5              
|WACM 2003-C6              
|WACM 2004-C10             
|WACM 2004-C11             
|WACM 2004-C15             
|WACM 2005-C16             
|WACM 2005-C17             
|WACM 2005-C19             
|WACM 2005-C21             
|WACM 2005-C22             
|WFCM 12-LC5               
|WFCM2014-LC16             
|WFCM2014-LC18             
|WFCM2015-C26              
|WFCM2015-C27              
|WFCM2015-C28              
|WFCM2015-C29              
|WFCM2015-C30              
|WFCM2015-C31              
|WFCM2015-LC20             
|WFCM2015-LC22             
|WFCM2015-NXS1             
|WFCM2015-NXS2             
|WFCM2015-NXS3             
|WFCM2015-NXS4             
|WFCM2015-P2               
|WFCM 2015-SG1             
|WFCM2016-BNK1             

A-13




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|WFCM2016-C32              
|WFCM2016-C33              
|WFCM2016-C34              
|WFCM2016-C35              
|WFCM2016-C36              
|WFCM2016-C37              
|WFCM2016-LC24             
|WFCM2016-LC25             
|WFCM2016-NXS5             
|WFCM2016-NXS6             
|WFCMT 2013-LC12           
|WFRBS 11-C5               
|WFRBS 12-C10              
|WFRBS 12-C6               
|WFRBS 12-C7               
|WFRBS 12-C8               
|WFRBS 12-C9               
|WFRBS 13-C11              
|WFRBS 13-C12              
|WFRBS 13-C13              
|WFRBS 13-C14              
|WFRBS2013-C15             
|WFRBS2013-C16             
|WFRBS2013-C17             
|WFRBS2013-C18             
|WFRBS2013-UBS1            
|WFRBS2014-C19             
|WFRBS2014-C20             
|WFRBS2014-C21             
|WFRBS2014-C22             
|WFRBS2014-C23             

A-14




Appendix A to the Company’s Assessment of Compliance
with the Applicable Servicing Criteria



|CMBS Platform Transactions
|--------------------------
|Deal Identifier           
|WFRBS2014-C24             
|WFRBS2014-C25             
|WFRBS2014-LC14            







A-15