UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

| | ☑ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ------------------------------------------------------------------------------------

For the fiscal year ended December 31, 2021
or

| | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
| | - | ----------------------------------------------------------------------------------------

For the transition period from _____ to _____
Commission file number of the issuing entity: 333-172143-06

Central Index Key Number of the issuing entity: 0001556487

COMM 2012-CCRE3 Mortgage Trust

(exact name of the issuing entity as specified in its charter)



Central Index Key Number of the depositor: 0001013454

Deutsche Mortgage & Asset Receiving Corporation

(exact name of the depositor as specified in its charter)



Central Index Key Number of the sponsor: 0001541294

German American Capital Corporation

(exact name of the sponsor as specified in its charter)



Central Index Key Number of the sponsor: 0001558761

Cantor Commercial Real Estate Lending, L.P.

(exact name of the sponsor as specified in its charter)



Central Index Key Number of the sponsor: 0001541468

Ladder Capital Finance LLC

(exact name of the sponsor as specified in its charter)



|New York(State or other jurisdiction of
    incorporation or organization of
    the issuing entity) | 46-1194453
    46-1412891
    46-6373885
    (I.R.S. Employer
    Identification Numbers)
|---------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------

c/o Deutsche Bank Trust Company Americas

as Certificate Administrator

1761 East St. Andrew Place

Santa Ana, CA

(Address of principal executive offices of the issuing
entity)

92705

(Zip Code)

Registrant’s telephone number, including area
code:

(212) 250-2500

Securities registered pursuant to Section 12(b) of the Act:

|Title of each class | Trading Symbol(s) | Name of each exchange on which registered
|------------------- | ----------------- | -----------------------------------------
|None                |                   |                                          

Securities registered pursuant to Section 12(g) of the Act: None.

Indicate by check mark if the registrant is a well-known seasoned issuer,
as defined in Rule 405 of the Securities Act. ☐ Yes  ☑ No

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes  ☑ No

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☑ Yes  ☐ No

Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of
Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required
to submit and post such files).

Not applicable.

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s
knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.

Not applicable.

Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large
accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”
in Rule 12b-2 of the Exchange Act.

|Large accelerated filer | ☐                                               | Accelerated filer         | ☐
|----------------------- | ----------------------------------------------- | ------------------------- | -
|Non-accelerated filer   | ☑ (Do not check if a smaller reporting company) | Smaller reporting company | ☐
|                        |                                                 | Emerging growth company   | ☐

If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation
to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the
Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Act). ☐ Yes  ☑ No

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price
of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

Not applicable.

Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court. ☐ Yes  ☐ No

Not applicable.

Indicate the number of shares outstanding of each of the registrant’s
classes of common stock, as of the latest practicable date.

Not applicable.

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the
Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders;
(2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933.
The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year
ended December 24, 1980).

Not applicable.









EXPLANATORY NOTES

The 260 and 261 Madison Avenue Mortgage Loan and the Emerald
Square Mall Mortgage Loan, which constituted approximately 10.1% and 6.0%, respectively, of the asset pool of the issuing entity as of
its cut-off date, are each an asset of the issuing entity and are each part of a loan combination that includes the 260 and 261 Madison
Avenue Mortgage Loan or the Emerald Square Mall Mortgage Loan and one other pari passu loan, each of which is not an asset of the issuing
entity. These loan combinations, including the 260 and 261 Madison Avenue Mortgage Loan and the Emerald Square Mall Mortgage Loan, are
being serviced and administered pursuant to the Pooling and Servicing Agreement, which is incorporated by reference as Exhibit 4.1 to
this Annual Report on Form 10-K.

The Exhibit Index describes exhibits provided by certain parties (in their
capacities indicated on the Exhibit Index) with respect to the Crossgates Mall Mortgage Loan, which constituted approximately 8.6% of
the asset pool of the issuing entity as of its cut-off date.  The Crossgates Mall Mortgage Loan is an asset of the issuing entity
and is part of a loan combination that includes the Crossgates Mall Mortgage Loan and three other pari passu loans, which are not assets
of the issuing entity. A pari passu portion of the loan combination was securitized in the COMM 2012-CCRE2 Mortgage Trust transaction,
Commission File Number 333-172143-05 (the “COMM 2012-CCRE2 Transaction”). This loan combination, including the Crossgates
Mall Mortgage Loan, is being serviced and administered pursuant to the pooling and servicing agreement for the COMM 2012-CCRE2 Transaction,
which is incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K.

The Exhibit Index describes exhibits provided by certain parties (in their
capacities indicated on the Exhibit Index) with respect to The Prince Building Mortgage Loan, which constituted approximately 6.0% of
the asset pool of the issuing entity as of its cut-off date.  The Prince Building Mortgage Loan is an asset of the issuing entity
and is part of a loan combination that includes The Prince Building Mortgage Loan and one other pari passu loan, which is not an asset
of the issuing entity. This loan combination, including The Prince Building Mortgage Loan, was serviced under the Pooling and Servicing
Agreement for the issuing entity prior to the closing of the securitization of the other pari passu portion of The Prince Building loan
combination in the COMM 2012-CCRE4 Mortgage Trust transaction, Commission File Number 333-172143-07 (the “COMM 2012-CCRE4 Transaction”).
After the closing of the COMM 2012-CCRE4 Transaction on November 13, 2012, this loan combination, including The Prince Building Mortgage
Loan was, and will continue to be, serviced and administered pursuant to the pooling and servicing agreement with respect to the COMM
2012-CCRE4 Transaction, which is incorporated by reference as Exhibit 4.3 to this Annual Report on Form 10-K.

The master servicer of a pooling and servicing agreement or trust and servicing
agreement also functions as the primary servicer of the related mortgage loans serviced and administered pursuant to such agreement unless
a separate primary servicer is identified herein. If this report does not identify a separate primary servicer, the servicer compliance
statement provided by the master servicer under any such agreement also encompasses its responsibilities as primary servicer of the related
mortgage loan or mortgage loans.

Wells Fargo Bank, National Association is the master servicer of the mortgage
loans serviced under the Pooling and Servicing Agreement and the primary servicer of the Crossgates Mall Mortgage Loan and The Prince
Building Mortgage Loan. As a result, Wells Fargo Bank, National Association is a “servicer” as defined in Item 1108(a)(2)(iii)
of Regulation AB, in the capacities described above, because it is servicing mortgage loans that constituted 10% or more of the assets
of the issuing entity as of its cut-off date. The assessments of compliance with applicable servicing criteria, accountants’ attestation
reports and servicer compliance statements delivered by Wells Fargo Bank, National Association in the capacities described above are listed
in the Exhibit Index.

U.S. Bank National Association acts as trustee of the mortgage loans serviced
under the Pooling and Servicing Agreement, the Crossgates Mall Mortgage Loan and The Prince Building Mortgage Loan. Pursuant to the Pooling
and Servicing Agreement, the pooling and servicing agreement for the COMM 2012-CCRE2 Transaction and the pooling and servicing agreement
for the COMM 2012-CCRE4 Transaction, the trustee is required to provide an assessment of compliance with applicable servicing criteria
solely with respect to Item 1122(d)(2)(iii) of Regulation AB (regarding advances of funds or guarantees regarding collections, cash flows
or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction
agreements). However, during the reporting period, the trustee did not perform any servicing function with respect to the servicing criteria
specified in Item 1122(d)(2)(iii) of Regulation AB. The master servicer or the special servicer, to the extent required, performed the
servicing function identified with respect to Item 1122(d)(2)(iii) of Regulation AB, and each such party included Item 1122(d)(2)(iii)
of Regulation AB in the assessment of compliance with applicable servicing criteria and accountant’s attestation report for the
subject transaction.  As a result, this Annual Report on Form 10-K does not include an assessment of compliance with applicable servicing
criteria of the trustee. One or more other servicers of the mortgage loans serviced under the Pooling and Servicing Agreement, the Crossgates
Mall Mortgage Loan and The Prince Building Mortgage Loan have delivered one or more assessments of compliance with respect to Item 1122(d)(2)(iii)
of Regulation AB.

This Annual Report on Form 10-K includes assessments of compliance with applicable
servicing criteria and accountants’ attestation reports from CoreLogic Solutions, LLC.  This entity was engaged by the master
servicer under the Pooling and Servicing Agreement and the primary servicer of the Crossgates Mall Mortgage Loan and The Prince Building
Mortgage Loan to remit tax payments received from the escrow accounts of borrowers to local taxing authorities, to report tax amounts
due, to verify tax parcel information, and to verify non-escrow tax payments. These servicing functions are included within the servicing
criteria set forth in Items 1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB.  Therefore, under the principles-based definition
of “servicer” set forth in Item 1101(j) of Regulation AB that looks to the functions that an entity performs, this vendor
is a “servicer” for the purposes of Item 1122 of Regulation AB.  See Compliance and Disclosure Interpretations,
Section 301.01 (Item 1101(j)).

This Annual Report on Form 10-K includes an assessment of compliance with
applicable servicing criteria, accountants’ attestation report and servicer compliance statement from Computershare Trust Company,
National Association (“CTCNA”).  CTCNA was engaged by Wells Fargo Bank, National Association (“Wells
Fargo”), in its capacity as custodian, to perform certain specified servicing functions identified in the assessment of compliance
with applicable servicing criteria and accountants’ attestation reports. Wells Fargo engaged CTCNA in connection with the sale of
Wells Fargo’s corporate trust services business to CTCNA and its affiliates.

The assessments of compliance with applicable servicing criteria, accountants’
attestation reports and servicer compliance statements of the certificate administrator of the Crossgates Mall Mortgage Loan and The Prince
Building Mortgage Loan are omitted from this Annual Report on Form 10-K as the certificate administrator pursuant to the related pooling
and servicing agreement or trust and servicing agreement does not perform any activities that address servicing criteria with respect
to the issuing entity and because they are each not a “servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii)
of Regulation AB.

With respect to the pari passu loan combinations that include the Crossgates
Mall Mortgage Loan and The Prince Building Mortgage Loan, the servicer compliance statements of Trimont Real Estate Advisors, LLC as special
servicer of the Crossgates Mall Mortgage Loan and Rialto Capital Advisors, LLC as special servicer of The Prince Building Mortgage Loan,
listed on the Exhibit Index are omitted from this Annual Report on Form 10-K as they are not required by Item 1123 of Regulation AB to
be included on this Annual Report on Form 10-K because they are each an unaffiliated party that is not a “servicer” that meets
the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

PART I

Item 1. Business.

Omitted.

Item 1A. Risk Factors.

Omitted.

Item 1B. Unresolved Staff Comments.

None.

Item 2. Properties.

Omitted.

Item 3. Legal Proceedings.

Omitted.

Item 4. Mine Safety Disclosures.

Not applicable.

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.

Omitted.

Item 6. Selected Financial Data.

Omitted.

Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations.

Omitted.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

Omitted.

Item 8. Financial Statements and Supplementary Data.

Omitted.

Item 9. Changes in and Disagreements With Accountants on Accounting
and Financial Disclosure.

Omitted.

Item 9A. Controls and Procedures.

Omitted.

Item 9B. Other Information.

None.

PART III

Item 10. Directors, Executive Officers and Corporate Governance.

Omitted.

Item 11. Executive Compensation.

Omitted.

Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.

Omitted.

Item 13. Certain Relationships and Related Transactions, and Director
Independence.

Omitted.

Item 14. Principal Accounting Fees and Services.

Omitted.

ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

Item 1112(b) of Regulation AB, Significant Obligor Financial Information.

The 260 and 261 Madison Avenue Mortgage Loan (Loan Number 1 on Annex A-1
of the prospectus supplement of the registrant relating to the issuing entity filed on October 15, 2012 pursuant to Rule 424(b)(5)) constitutes
a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB as disclosed in the prospectus supplement. In accordance
with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was $21,411,305.00 for the
twelve-month period ended December 31, 2021.

Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider
Financial Information.

No entity or group of affiliated entities
provides any external credit enhancement or other support for the certificates within this transaction as described under Item 1114(a)
of Regulation AB.

Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial
Information).

No entity or group of affiliated entities provides any derivative instruments
or other support for the certificates within this transaction as described under Item 1115 of Regulation AB.

Item 1117 of Regulation AB, Legal Proceedings.

The registrant knows of no material pending legal proceeding involving the
trust or any party related to the trust, other than routine litigation incidental to the duties of those respective parties, and the following,
with respect to Deutsche Bank Trust Company Americas, as Certificate Administrator and Custodian, U.S. Bank National Association, as Trustee,
and Wells Fargo Bank, National Association, as Certificate Administrator and Custodian.

Deutsche Bank Trust Company Americas (“DBTCA”) and Deutsche
Bank National Trust Company (“DBNTC”) have been sued by investors in civil litigation concerning their roles as trustees
of certain residential mortgage-backed securities (“RMBS”) trusts.

On June 18, 2014, a group of investors, including funds managed by Blackrock
Advisors, LLC, PIMCO-Advisors, L.P., and others, filed an action against DBNTC and DBTCA in New York State Supreme Court alleging that
DBNTC and DBTCA failed to perform purported duties, as trustees for 544 private-label RMBS trusts, to enforce breaches of representations
and warranties as to mortgage loans held by the trusts and to enforce breaches by servicers of their mortgage loan servicing obligations
for the trusts. During the course of the litigation, plaintiffs dismissed the case from New York State Supreme Court and refiled two separate
cases, one in the U.S. District Court for the Southern District of New York (the “BlackRock SDNY Case”) and the other
in the Superior Court of California, Orange County (the “BlackRock California Case”). Pursuant to a settlement among
the parties, the BlackRock SDNY Case was dismissed on December 6, 2018, and the BlackRock California Case was dismissed on January 11,
2019.

On September 27, 2017, DBTCA was added as a defendant to a case brought by
certain special purpose entities including Phoenix Light SF Limited in the U.S. District Court for the Southern District of New York,
in which the plaintiffs previously alleged incorrectly that DBNTC served as trustee for all forty-three of the trusts at issue. On September
27, 2017, plaintiffs filed a third amended complaint that names DBTCA as a defendant in addition to DBNTC. DBTCA serves as trustee for
one of the forty-three trusts at issue. DBNTC serves as trustee for the other forty-two trusts at issue. Plaintiffs’ third amended
complaint brings claims for violation of the U.S. Trust Indenture Act of 1939 (“TIA”); breach of contract; breach of
fiduciary duty; negligence and gross negligence; violation of New York’s Streit Act; and breach of the covenant of good faith. However,
in the third amended complaint, plaintiffs acknowledge that, before DBTCA was added to the case, the court dismissed plaintiffs’
TIA Act claims, negligence and gross negligence claims, Streit Act claims, claims for breach of the covenant of good faith, and certain
theories of plaintiffs’ breach of contract claims, and plaintiffs only include these claims to preserve any rights on appeal. Plaintiffs
allege damages of “hundreds of millions of dollars.” On November 13, 2017, DBNTC and DBTCA filed an answer to the third amended
complaint. On December 7, 2018, DBNTC and DBTCA filed a motion for summary judgment. Also on December 7, 2018, plaintiffs, jointly with
Commerzbank AG (see description of Commerzbank case below), filed a motion for partial summary judgment. On October 27, 2021, DBNTC and
DBTCA filed a supplemental motion for summary judgment relating to plaintiffs’ standing. On February 8, 2022, the court issued an
order in which it granted DBNTC and DBTCA’s supplemental motion for summary judgment, granted in part DBNTC and DBTCA’s initial
motion for summary judgment, and denied plaintiffs’ motion for partial summary judgment. As a result of that order, all of plaintiffs’
claims were dismissed with prejudice.

On November 30, 2017, DBTCA was added as a defendant to a case brought by
Commerzbank AG (“Commerzbank”) in the U.S. District Court for the Southern District of New York, in which Commerzbank
previously alleged incorrectly that DBNTC served as trustee for all fifty of the trusts at issue. On November 30, 2017, Commerzbank filed
a second amended complaint that names DBTCA as a defendant in addition to DBNTC. DBTCA serves as trustee for one of the fifty trusts at
issue. DBNTC serves as trustee for the other forty-nine trusts at issue. Commerzbank’s second amended complaint brings claims for
violation of the TIA; breach of contract; breach of fiduciary duty; negligence; violation of the Streit Act; and breach of the covenant
of good faith. However, in the second amended complaint, Commerzbank acknowledges that, before DBTCA was added to the case, the court
dismissed Commerzbank’s TIA claims for the trusts governed by pooling and servicing agreements, as well as its Streit Act claims
and claims for breach of the covenant of good faith, and Commerzbank only includes these claims to preserve any rights on appeal. The
second amended complaint alleges that DBNTC and DBTCA caused Commerzbank to suffer “hundreds of millions of dollars in losses,”
but the complaint does not include a demand for money damages in a sum certain. On January 29, 2018, DBNTC and DBTCA filed an answer to
the second amended complaint. On December 7, 2018, DBNTC and DBTCA filed a motion for summary judgment. Also on December 7, 2018, Commerzbank,
jointly with the Phoenix Light plaintiffs, filed a motion for partial summary judgment. On February 8, 2022, the court issued an order
in which it granted in part DBNTC and DBTCA’s motion for summary judgment and denied plaintiffs’ motion for partial summary
judgment. As a result of that order, many of plaintiffs’ claims and theories were dismissed with prejudice. Discovery is ongoing.

On December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche
Industriebank A.G. (collectively, “IKB”), as an investor in thirty-seven RMBS trusts, filed a summons with notice in
the Supreme Court of the State of New York, New York County, against DBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served
its complaint asserting claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, violation
of the Streit Act, violation of the TIA, violation of Regulation AB, and violation of Section 9 of the Uniform Commercial Code. IKB alleges
that DBNTC and DBTCA are liable for over U.S. $268 million in damages. On October 5, 2016, DBNTC and DBTCA, together with several other
trustees defending lawsuits by IKB, filed a joint motion to dismiss. On January 6, 2017 and June 20, 2017, IKB voluntarily dismissed with
prejudice all claims as to seven trusts. On January 27, 2021, the court granted in part and denied in part DBNTC and DBTCA’s motion
to dismiss. The court granted the motion to dismiss with respect to IKB’s claims for violations of the Streit Act, Regulation AB,
and Section 9 of the Uniform Commercial Code, as well as certain aspects of IKB’s claims for breach of contract, breach of fiduciary
duty, and violation of the TIA. The court denied the remainder of the motion to dismiss. IKB’s remaining claims for breach of contract,
breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of the TIA will proceed. On May 10, 2021, DBNTC
and DBTCA filed a notice of appeal with the New York Supreme Court Appellate Division, First Department, regarding certain aspects of
the court’s order on the motion to dismiss. That appeal has been fully briefed. On May 20, 2021, IKB filed a notice of cross appeal
with respect to other aspects of that order. That appeal is being briefed. On June 2, 2021, IKB filed a motion for re-argument regarding
certain aspects of the court’s order on the motion to dismiss, which the court denied on August 3, 2021. On May 13, 2021, DBNTC
and DBTCA filed an answer to the complaint. On October 28, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice
all claims as to seven additional trusts. On December 29, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice
all claims as to one additional trust. Discovery is ongoing.

It is DBTCA’s belief that it has no pending legal proceedings (including,
based on DBTCA’s present evaluation, the litigation disclosed in the foregoing paragraphs) that would materially affect its ability
to perform its duties under the related servicing agreement for this transaction.

U.S. Bank National Association (“U.S. Bank”) and other
large financial institutions have been sued in their capacity as trustee or successor trustee for certain residential mortgage backed
securities (“RMBS”) trusts. The complaints, primarily filed by investors or investor groups against U.S. Bank and similar
institutions, allege the trustees caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and
servicers to comply with the governing agreements for these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees’
purported failures to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties,
notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and
abide by a heightened standard of care following alleged events of default.



U.S. Bank denies liability and believes that it has performed its obligations under
the RMBS trusts in good faith, that its actions were not the cause of losses to investors, that it has meritorious defenses, and it has
contested and intends to continue contesting the plaintiffs’ claims vigorously. However, U.S. Bank cannot assure you as to the outcome
of any of the litigation, or the possible impact of these litigations on the trustee or the RMBS trusts.



On March 9, 2018, a law firm purporting to represent fifteen Delaware statutory
trusts (the “DSTs”) that issued securities backed by student loans (the “Student Loans”) filed a
lawsuit in the Delaware Court of Chancery against U.S. Bank National Association (“U.S. Bank”) in its capacities as
indenture trustee and successor special servicer, and three other institutions in their respective transaction capacities, with respect
to the DSTs and the Student Loans. This lawsuit is captioned National Collegiate Student Loan Master Trust I v. U.S. Bank National
Ass’n, C.A. No. 2018-0167-JRS (Del. Ch.) (the “NCMSLT Action”). The complaint, as amended on June 15, 2018,
alleged that the DSTs have been harmed as a result of purported misconduct or omissions by the defendants concerning administration of
the trusts and special servicing of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made
assertions against U.S. Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in
the NCMSLT Action.



U.S. Bank has filed a motion seeking dismissal of the operative complaint in its
entirety with prejudice pursuant to Chancery Court Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other
prior filed disputes involving the DSTs and the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should
be stayed in its entirety pending resolution of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for
pretrial purposes the NCMSLT Action and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student
Loans, which remains pending.

U.S. Bank denies liability in the NCMSLT Action and believes it has performed
its obligations as indenture trustee and special servicer in good faith and in compliance in all material respects with the terms of the
agreements governing the DSTs and that it has meritorious defenses. It has contested and intends to continue contesting the plaintiffs’
claims vigorously.

In December 2014, Phoenix Light SF Limited and certain related entities and
the National Credit Union Administration (“NCUA”) filed complaints in the United States District Court for the Southern
District of New York against Wells Fargo Bank, alleging claims against Wells Fargo Bank in its capacity as trustee for a number of residential
mortgage-backed securities trusts. Complaints raising similar allegations have been filed by Commerzbank AG in the Southern District of
New York and by IKB International and IKB Deutsche Industriebank in New York state court. In each case, the plaintiffs allege that Wells
Fargo Bank, as trustee, caused losses to investors, and plaintiffs assert causes of action based upon, among other things, the trustee’s
alleged failure to notify and enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties,
notify investors of alleged events of default, and abide by appropriate standards of care following alleged events of default. Wells Fargo
Bank previously settled two class action lawsuits with similar allegations that were filed in November 2014 and December 2016 by institutional
investors in the Southern District of New York and New York state court, respectively. In addition, Park Royal I LLC and Park Royal II
LLC have filed complaints in New York state court alleging Wells Fargo Bank, N.A., as trustee, failed to take appropriate actions upon
learning of defective mortgage loan documentation. In March 2021, the Company entered into an agreement to resolve the case filed by the
NCUA.



In addition to the foregoing cases, in August 2014 and August
2015 Nomura Credit & Capital Inc. (“Nomura”) and Natixis Real Estate Holdings, LLC (“Natixis”)
filed a total of seven third-party complaints against Wells Fargo Bank in New York state court. In the underlying first-party actions,
Nomura and Natixis have been sued for alleged breaches of representations and warranties made in connection with residential mortgage-backed
securities sponsored by them. In the third-party actions, Nomura and Natixis allege that Wells Fargo Bank, as master servicer, primary
servicer or securities administrator, failed to notify Nomura and Natixis of their own breaches, failed to properly oversee the primary
servicers, and failed to adhere to accepted servicing practices. Natixis additionally alleges that Wells Fargo Bank failed to perform
default oversight duties. Wells Fargo Bank has asserted counterclaims alleging that Nomura and Natixis failed to provide Wells Fargo Bank
notice of their representation and warranty breaches.



With respect to each of the foregoing litigations, Wells Fargo Bank believes plaintiffs’
claims are without merit and intends to contest the claims vigorously, but there can be no assurances as to the outcome of the litigations
or the possible impact of the litigations on Wells Fargo Bank or the related RMBS trusts.

Item 1119 of Regulation AB, Affiliations and Certain Relationships
and Related Transactions.

The information regarding this Item has been previously provided in a prospectus
supplement of the Registrant relating to the issuing entity filed on October 15, 2012 pursuant to Rule 424(b)(5).

Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.

The reports on assessments of compliance with the servicing criteria for
asset-backed securities and related attestation reports on such assessments of compliance with respect to the mortgage loans are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to the Pooling and Servicing Agreement incorporated by
reference as Exhibit 4.1 to this Annual Report on Form 10-K is a chart identifying the entities participating in a servicing function
for the transaction responsible for each applicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicing criteria for
asset-backed securities and related attestation reports on such assessments of compliance with respect to the Crossgates Mall Mortgage
Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the COMM 2012-CCRE2 Transaction, are
attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to the pooling and servicing agreement for the
COMM 2012-CCRE2 Transaction incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the COMM 2012-CCRE2 Transaction responsible for each applicable servicing criteria set forth
in Item 1122(d).

The reports on assessments of compliance with the servicing criteria for
asset-backed securities and related attestation reports on such assessments of compliance with respect to The Prince Building Mortgage
Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the COMM 2012-CCRE4 Transaction, are
attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to the pooling and servicing agreement for the
COMM 2012-CCRE4 Transaction incorporated by reference as Exhibit 4.3 to this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the COMM 2012-CCRE4 Transaction responsible for each applicable servicing criteria set forth
in Item 1122(d).

Item 1123 of Regulation AB, Servicer Compliance Statement.

The servicer compliance statements are attached as Exhibits to this Annual
Report on Form 10-K.

PART IV

Item 15. Exhibits, Financial Statement Schedules

(a) The following is a list of documents filed as part of this Annual Report
on Form 10-K:

(1) Not applicable

(2) Not applicable

(3) See below

| | 4.1 | Pooling and Servicing Agreement, dated
as of October 1, 2012, among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank, National Association,
as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, U.S. Bank National Association,
as Trustee, Deutsche Bank Trust Company Americas, as Certificate Administrator, Paying Agent and Custodian, and Situs Holdings, LLC, as
Operating Advisor (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on November 21, 2012 under Commission
File No. 333-172143-06 and incorporated by reference herein).
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.2 | Pooling and Servicing Agreement,
dated as of August 1, 2012, among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank, National Association,
as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, U.S. Bank National Association,
as Trustee, Wells Fargo Bank, National Association, as Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services
LLC, as Operating Advisor (filed as Exhibit 4 to the registrant’s Current Report on Form 8-K filed on August 22, 2012 under Commission
File No. 333-172143-05 and incorporated by reference herein).
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.3 | Pooling and Servicing Agreement, dated as
of November 1, 2012, among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank, National Association,
as Master Servicer, Torchlight Loan Services, LLC, as Special Servicer, U.S. Bank National Association, as Trustee, Wells Fargo Bank,
National Association, as Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC, as Operating Advisor
(filed as Exhibit 4 to the registrant’s Current Report on Form 8-K filed on November 13, 2012 under Commission File No. 333-172143-07
and incorporated by reference herein).
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 31 | Rule 13a-14(d)/15d-14(d) Certifications.
| | -- | ----------------------------------------

| | 33 | Reports on assessment of compliance with servicing criteria for asset-backed securities.
| | -- | ----------------------------------------------------------------------------------------

| | 33.1 | Wells Fargo Bank, National Association, as Master Servicer
| | ---- | ----------------------------------------------------------

| | 33.2 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer prior to June 21, 2021
| | ---- | ---------------------------------------------------------------------------------------------------------------

| | 33.3 | KeyBank National Association, as Special Servicer on and after June 21, 2021
| | ---- | ----------------------------------------------------------------------------

| | 33.4 | U.S. Bank National Association, as Trustee (Omitted. See Explanatory Notes.)
| | ---- | ----------------------------------------------------------------------------

| | 33.5 | Deutsche Bank Trust Company Americas, as Certificate Administrator and Custodian
| | ---- | --------------------------------------------------------------------------------

| | 33.6 | Situs Holdings, LLC, as Operating Advisor
| | ---- | -----------------------------------------

| | 33.7 | CoreLogic Solutions, LLC, as Servicing Function Participant
| | ---- | -----------------------------------------------------------

| | 33.8 | Wells Fargo Bank, National Association, as Primary Servicer of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 33.1)
| | ---- | ------------------------------------------------------------------------------------------------------------------------------

| | 33.9 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the 260 and 261 Madison Avenue Mortgage
Loan prior to June 21, 2021 (see Exhibit 33.2)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 33.10 | KeyBank National Association, as Special Servicer of the 260 and 261 Madison Avenue Mortgage Loan on and after June 21, 2021 (see
Exhibit 33.3)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------

| | 33.11 | U.S. Bank National Association, as Trustee of the 260 and 261 Madison Avenue Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------

| | 33.12 | Deutsche Bank Trust Company Americas, as Custodian of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 33.5)
| | ----- | ---------------------------------------------------------------------------------------------------------------------

| | 33.13 | Situs Holdings, LLC, as Operating Advisor of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 33.6)
| | ----- | ------------------------------------------------------------------------------------------------------------

| | 33.14 | CoreLogic Solutions, LLC, as Servicing Function Participant of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 33.7)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------

| | 33.15 | Wells Fargo Bank, National Association, as Primary Servicer of the Emerald Square Mall Mortgage Loan (see Exhibit 33.1)
| | ----- | -----------------------------------------------------------------------------------------------------------------------

| | 33.16 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the Emerald Square Mall Mortgage Loan
prior to June 21, 2021 (see Exhibit 33.2)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 33.17 | KeyBank National Association, as Special Servicer of the Emerald Square Mall Mortgage Loan on and after June 21, 2021 (see Exhibit
33.3)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------

| | 33.18 | U.S. Bank National Association, as Trustee of the Emerald Square Mall Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ---------------------------------------------------------------------------------------------------------------------

| | 33.19 | Deutsche Bank Trust Company Americas, as Custodian of the Emerald Square Mall Mortgage Loan (see Exhibit 33.5)
| | ----- | --------------------------------------------------------------------------------------------------------------

| | 33.20 | Situs Holdings, LLC, as Operating Advisor of the Emerald Square Mall Mortgage Loan (see Exhibit 33.6)
| | ----- | -----------------------------------------------------------------------------------------------------

| | 33.21 | CoreLogic Solutions, LLC, as Servicing Function Participant of the Emerald Square Mall Mortgage Loan (see Exhibit 33.7)
| | ----- | -----------------------------------------------------------------------------------------------------------------------

| | 33.22 | Wells Fargo Bank, National Association, as Primary Servicer of the Crossgates Mall Mortgage Loan (see Exhibit 33.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 33.23 | Trimont Real Estate Advisors, LLC, as Special Servicer of the Crossgates Mall Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------

| | 33.24 | U.S. Bank National Association, as Trustee of the Crossgates Mall Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------

| | 33.25 | Wells Fargo Bank, National Association, as Custodian of the Crossgates Mall Mortgage Loan
| | ----- | -----------------------------------------------------------------------------------------

| | 33.26 | Park Bridge Lender Services LLC, as Operating Advisor of the Crossgates Mall Mortgage Loan
| | ----- | ------------------------------------------------------------------------------------------

| | 33.27 | CoreLogic Solutions, LLC, as Servicing Function Participant of the Crossgates Mall Mortgage Loan (see Exhibit 33.7)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 33.28 | Computershare Trust Company, National Association, as Servicing Function Participant for the Custodian on and after November 1, 2021
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------

| | 33.29 | Wells Fargo Bank, National Association, as Primary Servicer of The Prince Building Mortgage Loan (see Exhibit 33.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 33.30 | Rialto Capital Advisors, LLC, as Special Servicer of The Prince Building Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------

| | 33.31 | U.S. Bank National Association, as Trustee of The Prince Building Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------

| | 33.32 | Wells Fargo Bank, National Association, as Custodian of The Prince Building Mortgage Loan (see Exhibit 33.25)
| | ----- | -------------------------------------------------------------------------------------------------------------

| | 33.33 | Park Bridge Lender Services LLC, as Operating Advisor of The Prince Building Mortgage Loan (see Exhibit 33.26)
| | ----- | --------------------------------------------------------------------------------------------------------------

| | 33.34 | CoreLogic Solutions, LLC, as Servicing Function Participant of The Prince Building Mortgage Loan (see Exhibit 33.7)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 33.35 | Computershare Trust Company, National Association, as Servicing Function Participant for the Custodian on and after November 1, 2021
(see Exhibit 33.28)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | 34 | Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
| | -- | ----------------------------------------------------------------------------------------------------

| | 34.1 | Wells Fargo Bank, National Association, as Master Servicer
| | ---- | ----------------------------------------------------------

| | 34.2 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer prior to June 21, 2021
| | ---- | ---------------------------------------------------------------------------------------------------------------

| | 34.3 | KeyBank National Association, as Special Servicer on and after June 21, 2021
| | ---- | ----------------------------------------------------------------------------

| | 34.4 | U.S. Bank National Association, as Trustee (Omitted. See Explanatory Notes.)
| | ---- | ----------------------------------------------------------------------------

| | 34.5 | Deutsche Bank Trust Company Americas, as Certificate Administrator and Custodian
| | ---- | --------------------------------------------------------------------------------

| | 34.6 | Situs Holdings, LLC, as Operating Advisor
| | ---- | -----------------------------------------

| | 34.7 | CoreLogic Solutions, LLC, as Servicing Function Participant
| | ---- | -----------------------------------------------------------

| | 34.8 | Wells Fargo Bank, National Association, as Primary Servicer of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 34.1)
| | ---- | ------------------------------------------------------------------------------------------------------------------------------

| | 34.9 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the 260 and 261 Madison Avenue Mortgage
Loan prior to June 21, 2021 (see Exhibit 34.2)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 34.10 | KeyBank National Association, as Special Servicer of the 260 and 261 Madison Avenue Mortgage Loan on and after June 21, 2021 (see
Exhibit 34.3)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------

| | 34.11 | U.S. Bank National Association, as Trustee of the 260 and 261 Madison Avenue Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------

| | 34.12 | Deutsche Bank Trust Company Americas, as Custodian of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 34.5)
| | ----- | ---------------------------------------------------------------------------------------------------------------------

| | 34.13 | Situs Holdings, LLC, as Operating Advisor of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 34.6)
| | ----- | ------------------------------------------------------------------------------------------------------------

| | 34.14 | CoreLogic Solutions, LLC, as Servicing Function Participant of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 34.7)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------

| | 34.15 | Wells Fargo Bank, National Association, as Primary Servicer of the Emerald Square Mall Mortgage Loan (see Exhibit 34.1)
| | ----- | -----------------------------------------------------------------------------------------------------------------------

| | 34.16 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the Emerald Square Mall Mortgage Loan
prior to June 21, 2021 (see Exhibit 34.2)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 34.17 | KeyBank National Association, as Special Servicer of the Emerald Square Mall Mortgage Loan on and after June 21, 2021 (see Exhibit
34.3)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------

| | 34.18 | U.S. Bank National Association, as Trustee of the Emerald Square Mall Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ---------------------------------------------------------------------------------------------------------------------

| | 34.19 | Deutsche Bank Trust Company Americas, as Custodian of the Emerald Square Mall Mortgage Loan (see Exhibit 34.5)
| | ----- | --------------------------------------------------------------------------------------------------------------

| | 34.20 | Situs Holdings, LLC, as Operating Advisor of the Emerald Square Mall Mortgage Loan (see Exhibit 34.6)
| | ----- | -----------------------------------------------------------------------------------------------------

| | 34.21 | CoreLogic Solutions, LLC, as Servicing Function Participant of the Emerald Square Mall Mortgage Loan (see Exhibit 34.7)
| | ----- | -----------------------------------------------------------------------------------------------------------------------

| | 34.22 | Wells Fargo Bank, National Association, as Primary Servicer of the Crossgates Mall Mortgage Loan (see Exhibit 34.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 34.23 | Trimont Real Estate Advisors, LLC, as Special Servicer of the Crossgates Mall Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------

| | 34.24 | U.S. Bank National Association, as Trustee of the Crossgates Mall Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------

| | 34.25 | Wells Fargo Bank, National Association, as Custodian of the Crossgates Mall Mortgage Loan
| | ----- | -----------------------------------------------------------------------------------------

| | 34.26 | Park Bridge Lender Services LLC, as Operating Advisor of the Crossgates Mall Mortgage Loan
| | ----- | ------------------------------------------------------------------------------------------

| | 34.27 | CoreLogic Solutions, LLC, as Servicing Function Participant of the Crossgates Mall Mortgage Loan (see Exhibit 34.7)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 34.28 | Computershare Trust Company, National Association, as Servicing Function Participant for the Custodian on and after November 1, 2021
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------

| | 34.29 | Wells Fargo Bank, National Association, as Primary Servicer of The Prince Building Mortgage Loan (see Exhibit 34.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 34.30 | Rialto Capital Advisors, LLC, as Special Servicer of The Prince Building Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------

| | 34.31 | U.S. Bank National Association, as Trustee of The Prince Building Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------

| | 34.32 | Wells Fargo Bank, National Association, as Custodian of The Prince Building Mortgage Loan (see Exhibit 34.25)
| | ----- | -------------------------------------------------------------------------------------------------------------

| | 34.33 | Park Bridge Lender Services LLC, as Operating Advisor of The Prince Building Mortgage Loan (see Exhibit 34.26)
| | ----- | --------------------------------------------------------------------------------------------------------------

| | 34.34 | CoreLogic Solutions, LLC, as Servicing Function Participant of The Prince Building Mortgage Loan (see Exhibit 34.7)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 34.35 | Computershare Trust Company, National Association, as Servicing Function Participant for the Custodian on and after November 1, 2021
(see Exhibit 34.28)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | 35 | Servicer compliance statements.
| | -- | -------------------------------

| | 35.1 | Wells Fargo Bank, National Association, as Master Servicer
| | ---- | ----------------------------------------------------------

| | 35.2 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer prior to June 21, 2021
| | ---- | ---------------------------------------------------------------------------------------------------------------

| | 35.3 | KeyBank National Association, as Special Servicer on and after June 21, 2021
| | ---- | ----------------------------------------------------------------------------

| | 35.4 | Deutsche Bank Trust Company Americas, as Certificate Administrator
| | ---- | ------------------------------------------------------------------

| | 35.5 | Wells Fargo Bank, National Association, as Primary Servicer of the 260 and 261 Madison Avenue Mortgage Loan (see Exhibit 35.1)
| | ---- | ------------------------------------------------------------------------------------------------------------------------------

| | 35.6 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the 260 and 261 Madison Avenue Mortgage
Loan prior to June 21, 2021 (see Exhibit 35.2)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 35.7 | KeyBank National Association, as Special Servicer of the 260 and 261 Madison Avenue Mortgage Loan on and after June 21, 2021 (see
Exhibit 35.3)
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------

| | 35.8 | Wells Fargo Bank, National Association, as Primary Servicer of the Emerald Square Mall Mortgage Loan (see Exhibit 35.1)
| | ---- | -----------------------------------------------------------------------------------------------------------------------

| | 35.9 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the Emerald Square Mall Mortgage Loan
prior to June 21, 2021 (see Exhibit 35.2)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 35.10 | KeyBank National Association, as Special Servicer of the Emerald Square Mall Mortgage Loan on and after June 21, 2021 (see Exhibit
35.3)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------

| | 35.11 | Wells Fargo Bank, National Association, as Primary Servicer of the Crossgates Mall Mortgage Loan (see Exhibit 35.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 35.12 | Trimont Real Estate Advisors, LLC, as Special Servicer of the Crossgates Mall Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------

| | 35.13 | Wells Fargo Bank, National Association, as Primary Servicer of The Prince Building Mortgage Loan (see Exhibit 35.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------

| | 35.14 | Rialto Capital Advisors, LLC, as Special Servicer of The Prince Building Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ------------------------------------------------------------------------------------------------------------------------

| | 99.1 | Mortgage Loan Purchase Agreement, dated
as of October 3, 2012, between German American Capital Corporation, as seller, and Deutsche Mortgage & Asset Receiving Corporation,
as purchaser (filed as Exhibit 99.1 to the registrant’s Current Report on Form 8-K/A filed on November 21, 2012 under Commission
File No. 333-172143-06 and incorporated by reference herein)
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 99.2 | Mortgage Loan Purchase Agreement, dated
as of October 3, 2012, between Cantor Commercial Real Estate Lending, L.P., as seller, and Deutsche Mortgage & Asset Receiving Corporation,
as purchaser (filed as Exhibit 99.2 to the registrant’s Current Report on Form 8-K/A filed on November 21, 2012 under Commission
File No. 333-172143-06 and incorporated by reference herein)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 99.3 | Mortgage Loan Purchase Agreement, dated
as of October 3, 2012, among Ladder Capital Finance LLC, as seller, Ladder Capital Finance Holdings LLLP and Deutsche Mortgage & Asset
Receiving Corporation, as purchaser (filed as Exhibit 99.3 to the registrant’s Current Report on Form 8-K/A filed on November 21,
2012 under Commission File No. 333-172143-06 and incorporated by reference herein)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(b)       The exhibits required to be
filed by the Registrant pursuant to Item 601 of Regulation S-K are listed above.

(c)       Not Applicable.








SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Deutsche Mortgage & Asset Receiving Corporation
(Depositor)

/s/ Helaine M. Kaplan

Helaine M. Kaplan, President

(senior officer in charge of securitization of the depositor)

Date: March 17, 2022

/s/ Matt Smith

Matt Smith, Director

Date: March 17, 2022