Exhibit 33.4



MANAGEMENT’S ASSERTION
OF COMPLIANCE



Management of the Trust & Securities 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 custodianservices, 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) and 1122(d)(2)(iii) there
were no activities performed during the year ended December 31, 2014 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, 2014 (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)(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.
| | - | ----------------------------------------------------------------------------------------------------------------------



| | · | 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.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Based on such assessment, 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 assertion of compliance with the Applicable Servicing Criteria
as of and for the Period.











| |                                      | DEUTSCHE BANK NATIONAL TRUST COMPANY
| | ------------------------------------ | ------------------------------------
| |                                      |                                     
| | By:                                  | /s/ David Co                        
| |                                      | Name: David Co                      
| |                                      | Its: Director                       
| |                                      |                                     
| | By:                                  | /s/ Matt Bowen                      
| |                                      | Name: Matt Bowen                    
| |                                      | Its: Managing Director              
| |                                      |                                     
| | By:                                  | /s/ Kevin Fischer                   
| |                                      | Name: Kevin Fischer                 
| |                                      | Its: Director                       
| |                                     
| | DEUTSCHE BANK TRUST COMPANY AMERICAS
| |                                     
| | By:                                  | /s/ Jenna Kaufman                   
| |                                      | Name: Jenna Kaufman                 
| |                                      | Its: Director                       



Dated: February 27, 2015