Exhibit 10.1


 











Execution
Copy







 


WELLS
FARGO BANK, NATIONAL ASSOCIATION,

Master Servicer




 


and




 


Berkeley
Point Capital LLC,

Primary Servicer




 


PRIMARY
SERVICING AGREEMENT


 


Dated
as of May 1, 2016


 


CFCRE
2016-C4 Mortgage Trust

Commercial Mortgage Pass-Through Certificates, Series
2016-C4


 









 




     


     

    

 





TABLE OF CONTENTS


 








	 	 	 	 	 	Page
	 	 	 	 	 	 
	ARTICLE I 	DEFINITIONS	 	1
	 	Section 1.01	 	Defined Terms	 	1
	ARTICLE II	MASTER SERVICER’S ENGAGEMENT OF PRIMARY SERVICER TO PERFORM SERVICING RESPONSIBILITIES	 	2
	 	Section 2.01	 	Contract for Servicing; Possession of Loan Documents	 	2
	 	Section 2.02	 	Notice of Defect, Breach or Repurchase Request	 	3
	ARTICLE III	SERVICING OF THE MORTGAGE LOANS AND THE SERVICED COMPANION LOANS	 	3
	 	Section 3.01	 	Primary Servicer to Service	 	3
	 	Section 3.02	 	Merger or Consolidation of the Primary Servicer	 	16
	 	Section 3.03	 	Limitation on Liability of the Primary Servicer and Others	 	16
	 	Section 3.04	 	Primary Servicer Not to Resign	 	17
	 	Section 3.05	 	No Transfer or Assignment of Servicing	 	17
	 	Section 3.06	 	Indemnification	 	18
	ARTICLE IV	DEFAULT	 	18
	 	Section 4.01	 	Events of Default	 	18
	 	Section 4.02	 	Waiver of Defaults	 	21
	 	Section 4.03	 	Other Remedies of Master Servicer	 	22
	ARTICLE V	TERMINATION	 	22
	 	Section 5.01	 	Termination	 	22
	 	Section 5.02	 	Termination With Cause	 	22
	 	Section 5.03	 	Intentionally Deleted	 	22
	 	Section 5.04	 	Termination of Duties with Respect to Specially Serviced Loans	 	23
	ARTICLE VI	MISCELLANEOUS	 	23
	 	Section 6.01	 	Successor to the Primary Servicer	 	23
	 	Section 6.02	 	Financial Statements	 	23
	 	Section 6.03	 	Closing	 	23
	 	Section 6.04	 	Closing Documents	 	23
	 	Section 6.05	 	Notices	 	24
	 	Section 6.06	 	Severability Clause	 	25



 






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TABLE OF CONTENTS

 (continued)


 





	 	 	 	 	 	Page
	 	 	 	 	 	 
	 	Section 6.07	 	Counterparts	 	25
	 	Section 6.08	 	Governing Law	 	26
	 	Section 6.09	 	Protection of Confidential Information	 	26
	 	Section 6.10	 	Intention of the Parties	 	26
	 	Section 6.11	 	Third Party Beneficiary	 	26
	 	Section 6.12	 	Successors and Assigns; Assignment of Agreement	 	26
	 	Section 6.13	 	Waivers	 	27
	 	Section 6.14	 	Exhibits	 	27
	 	Section 6.15	 	General Interpretive Principles	 	27
	 	Section 6.16	 	Complete Agreement	 	27
	 	Section 6.17	 	Further Agreement	 	27
	 	Section 6.18	 	Amendments	 	27
	 	Section 6.19	 	Exchange Act Rule 17g-5 Procedures	 	27
	 	Section 6.20	 	Notification to Primary Servicer Concerning REO Property	 	28


 





	EXHIBIT A	MORTGAGE LOAN SCHEDULE	 	A-1
	EXHIBIT B	PRIMARY SERVICER’S OFFICER’S CERTIFICATE	 	B-1
	EXHIBIT C	POOLING AND SERVICING AGREEMENT	 	C-1
	EXHIBIT D	[RESERVED]	 	 
	EXHIBIT E	QUARTERLY SERVICING CERTIFICATION	 	E-1
	EXHIBIT F	FORM OF ACCOUNT CERTIFICATION	 	F-1
	EXHIBIT G	FORM OF COLLECTION REPORT	 	G-1
	EXHIBIT H	FORM OF CERTIFICATE OF INSURANCE	 	H-1
	EXHIBIT I	NEW LEASE INFORMATION	 	I-1
	EXHIBIT J	MONTHLY ESCROW ACCOUNTS CERTIFICATION	 	J-1


 







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This
is a Primary Servicing Agreement (this “Agreement”), dated as of May 1, 2016, by and between Berkeley
Point Capital LLC, a Delaware limited liability company having an office at One Beacon Street, 14th Floor, Boston,
MA 02108, and its successors and assigns (the “Primary Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION,
having an office at c/o Commercial Mortgage Servicing, MAC D1086, 550 South Tryon Street, 14th Floor, Charlotte, North
Carolina 28202, and its successors and assigns (the “Master Servicer”).


 


W
I T N E S S E T H:


 


WHEREAS,
CCRE Commercial Mortgage Securities, L.P., as Depositor (the “Depositor”), Rialto Capital Advisors, LLC, as
Special Servicer (the “Special Servicer”), U.S. Bank National Association, as Trustee (the “Trustee”),
U.S. Bank National Association, as Certificate Administrator (in such capacity, the “Certificate Administrator”),
as Paying Agent and as Custodian, Park Bridge Lender Services LLC, as Operating Advisor (in such capacity, the “Operating
Advisor”) and as Asset Representations Reviewer, and the Master Servicer have entered into that certain Pooling and
Servicing Agreement dated as of May 1, 2016 (as amended, modified and restated from time to time, the “Pooling and Servicing
Agreement”), whereby the Master Servicer shall master service certain mortgage loans and related companion loans (defined
below), on behalf of the Trustee; and


 


WHEREAS,
the Master Servicer desires to enter into a contract with the Primary Servicer whereby the Primary Servicer shall service the
mortgage loans listed on Exhibit A (the “Mortgage Loan Schedule”) attached hereto (the “Mortgage
Loans”) and the companion loans listed on the Mortgage Loan Schedule (the “Serviced Companion Loans”“)
on behalf of the Master Servicer.


 


NOW,
THEREFORE, in consideration of the mutual agreements hereinafter set forth, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the Master Servicer and the Primary Servicer hereby agree as follows:


 


ARTICLE
I



DEFINITIONS


 


Section
1.01     Defined Terms.


 


Unless
otherwise specified in this Agreement, all capitalized terms not otherwise defined herein shall have the meanings set forth in
the Pooling and Servicing Agreement. As used herein, the following terms have the meanings assigned to them in this Section
1.01:


 


“Collection
Report” shall mean the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage
Loan and Serviced Companion Loan and the most recently ended Collection Period prior to the due date of such report, the information
described on Exhibit G attached hereto.


 


“Mortgage
Loans” shall have the meaning specified in the recitals hereto.


 


“Mortgage
Loan Schedule” shall have the meaning specified in the recitals hereto.


 






     


     

    

 


“Other
Determination Date Remittance Date” shall mean one (1) Business Day prior to the “determination date” as
such term or similar term is defined in the Other Pooling and Servicing Agreement governing the securitization of the Serviced
Pari Passu Companion Loan.


 


“Primary
Servicer Collection Account” shall have the meaning specified in Section 3.01(c)(10) of this Agreement.


 


“Primary
Servicer Serviced Whole Loan Collection Account” shall have the meaning specified in Section 3.01(c)(12) of this
Agreement.


 


“Primary
Servicer Remittance Amount” shall mean, with respect to any date, an amount equal to, without duplication, (a) the sum
of (i) the aggregate of the amounts on deposit in the Primary Servicer Collection Account (as defined herein) as of such date,
(ii) the aggregate of the amounts on deposit in the Primary Servicer Serviced Whole Loan Collection Account (as defined herein)
as of such date, (iii) the aggregate of all other amounts received with respect to the Mortgage Loans and Serviced Companion Loans
as of such date to the extent not previously remitted to the Master Servicer or the Serviced Companion Loan Noteholders and (iv)
the aggregate amount of Prepayment Interest Shortfalls deposited by the Primary Servicer in the Primary Servicer Collection Account
and the Primary Servicer Serviced Whole Loan Collection Account as required by Section 3.17 of the Pooling and Servicing
Agreement as incorporated herein pursuant to Section 3.01(c)(30) of this Agreement, to the extent not previously remitted
to the Master Servicer, net of (b) the portion of the amount described in subclause (a) of this definition that represents one
or more of the following: (i) Escrow Payments (other than the Escrow Payments that are to be used to reimburse the Master Servicer
for Servicing Advances) or (ii) any amounts that the Primary Servicer is entitled to retain as compensation pursuant to Section
3.12 of the Pooling and Servicing Agreement as incorporated herein pursuant to Section 3.01(c)(23) of this Agreement.


 


“Primary
Servicer Remittance Date” shall mean the first Business Day after each Determination Date.


 


“Primary
Servicer Reporting Date” shall mean the first Business Day after each Determination Date.


 


“Primary
Servicer Parties” shall have the meaning specified in Section 3.03 of this Agreement.


 


“Primary
Servicing Fee” shall mean, with respect to each Mortgage Loan and each Serviced Companion Loan, the fee payable to the
Primary Servicer pursuant to Section 3.01(c)(23) of this Agreement.


 


“Primary
Servicing Fee Rate” shall mean, with respect to each Mortgage Loan and each Serviced Companion Loan, the rate that corresponds
to such Mortgage Loan or Serviced Companion Loan set forth on Exhibit A hereto under the heading “Primary
Servicing Fee.”


 


“Serviced
Companion Loans” shall have the meaning specified in the recitals hereto.


 






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“Serviced
Whole Loans” shall mean (i) the Mortgage Loan identified as Renaissance Cincinnati on Exhibit A attached
hereto and its related Serviced Companion Loans and (ii) the Mortgage Loan identified as 215 West 34th Street &
218 West 35th Street on Exhibit A attached hereto and its related Serviced Companion Loans.


 


ARTICLE
II



MASTER SERVICER’S ENGAGEMENT OF PRIMARY
SERVICER

TO PERFORM SERVICING RESPONSIBILITIES


 


Section
2.01     Contract for Servicing; Possession of Loan Documents.


 


The
Master Servicer, by execution and delivery of this Agreement, does hereby contract with the Primary Servicer, subject to the terms
of this Agreement, for the servicing of the Mortgage Loans and the Serviced Companion Loans. On and after the Closing Date, the
Primary Servicer shall hold any portion of the Servicing File or the Mortgage File in the possession of the Primary Servicer in
trust by the Primary Servicer, on behalf of the Master Servicer for the benefit of the Trustee. The Primary Servicer’s possession
of any portion of the Servicing File or the Mortgage File shall be at the will of the Master Servicer and the Trustee for the
sole purpose of facilitating the servicing or the supervision of servicing of the related Mortgage Loan and Serviced Companion
Loan pursuant to this Agreement, and such retention and possession by the Primary Servicer shall be in a custodial capacity only.
Any portion of the Servicing File or the Mortgage File retained by the Primary Servicer shall be identified to reflect clearly
the ownership of the related Mortgage Loan by the Trustee. The Primary Servicer shall release from its custody any Mortgage File
retained by it only in accordance with this Agreement and the Pooling and Servicing Agreement. The Primary Servicer shall provide
to the Master Servicer as soon as practicable after request therefor by the Master Servicer a copy of any documents held by it
with respect to the Mortgage Loans and Serviced Companion Loans. During the term of this Agreement, the Primary Servicer will
also provide to the Master Servicer a copy of any lease, amendments and other documents related to the Mortgaged Properties securing
the Mortgage Loans and any related Serviced Companion Loan or related to the Mortgage Loans and any related Serviced Companion
Loan as soon as possible after receipt or execution thereof, as applicable. Except as otherwise provided herein, the Primary Servicer
shall not be obligated to provide a copy of any documents held by it with respect to the Mortgage Loans and Serviced Companion
Loans to any Person not a party to this Agreement. If and so long as the Primary Servicer (i) has a vault or other adequate safety
procedures in place satisfactory to the Master Servicer, in its sole discretion, or (ii) outsources such responsibility to a third
party vendor satisfactory to the Master Servicer, who has a vault or other adequate safety procedures in place satisfactory to
the Master Servicer, in its sole discretion, the Primary Servicer shall hold the original of any letters of credit related to
a Mortgage Loan and perform any obligations of the Master Servicer with respect thereto all in accordance with any applicable
requirements of Section 2.01(c) of the Pooling and Servicing Agreement. If at any time the Primary Servicer does not satisfy
the conditions described in clause (i) or clause (ii) of the immediately preceding sentence, the Primary Servicer shall immediately
deliver to the Master Servicer the original of any letters of credit related to any Mortgage Loan.


 






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Section
2.02     Notice of Defect, Breach or Repurchase Request.


 


Following
its receipt from the Depositor, the Master Servicer shall provide a copy of the CCRE Purchase Agreement to the Primary Servicer.
The Primary Servicer shall notify the Master Servicer in writing within five (5) Business Days after the Primary Servicer discovers
or receives notice alleging a Defect or a Breach or receives a Repurchase Communication of a Repurchase, a Repurchase Request,
a Repurchase Request Rejection or a Repurchase Request Withdrawal. The Primary Servicer shall promptly, but in no event later
than five (5) Business Days after receipt, provide to the Master Servicer a copy of any written Repurchase Request, Repurchase
Request Withdrawal, Repurchase or Repurchase Request Rejection received by the Primary Servicer and such other information in
the possession of the Primary Servicer reasonably requested by the Master Servicer to fulfill its obligations under Section
2.03(d) of the Pooling and Servicing Agreement. The Primary Servicer shall promptly provide to the Master Servicer any Certificateholder
Repurchase Request received by the Primary Servicer and such other information in the possession of the Primary Servicer reasonably
requested by the Master Servicer to fulfill its obligations under Section 2.03(j) of the Pooling and Servicing Agreement.


 


ARTICLE
III



SERVICING OF THE MORTGAGE LOANS AND THE SErVICED
COMPANION LOANS


 


Section
3.01     Primary Servicer to Service.


 


(a)          The
Primary Servicer, as an independent contractor, shall service and administer the Mortgage Loans and the Serviced Companion Loans
in a manner consistent with the Servicing Standard under the Pooling and Servicing Agreement and, in the case of the Serviced
Companion Loans, as a collective whole as if such Certificateholders and Serviced Companion Loan Noteholders, as applicable, constituted
a single lender.


 


(b)          The
Primary Servicer shall perform, on behalf of the Master Servicer, all of the obligations of the Master Servicer (with respect
to the Mortgage Loans and the Serviced Companion Loans subject to this Agreement) as set forth in those sections of the Pooling
and Servicing Agreement incorporated herein pursuant to Section 3.01(c) of this Agreement (the “Incorporated Sections”),
as modified by Section 3.01(c) of this Agreement, and the Master Servicer shall have the same rights with respect to the
Primary Servicer that the Trustee, the Certificate Administrator, the Custodian, the Depositor, the Controlling Class Certificateholders,
the Controlling Class Representative, the Operating Advisor, the Rating Agencies, the 17g-5 Information Provider, the Underwriters,
the Initial Purchasers, the Directing Certificateholder, the Certificateholders, the Serviced Companion Loan Noteholders, the
Serviced Pari Passu Companion Loan Noteholders, the Asset Representations Reviewer, and the Special Servicer (including, without
limitation, the right of the Special Servicer to direct the Master Servicer during certain periods) have with respect to the Master
Servicer under the Pooling and Servicing Agreement to the extent that the Primary Servicer is acting on behalf of the Master Servicer
hereunder and except as otherwise set forth herein. Without limiting the foregoing, and subject to Section 3.23 of the
Pooling and Servicing Agreement as modified herein, the Primary Servicer shall service and administer the Mortgage Loans and the
Serviced Companion Loans that are not Specially Serviced Loans. All references herein to the respective duties of the Primary
Servicer


 



     4


     

    

 





and
the Special Servicer, and to the areas in which they may exercise discretion, shall be subject to Section 3.23 of the Pooling
and Servicing Agreement, as modified herein and to the Special Servicer’s rights to service Specially Serviced Loans. Except
as otherwise set forth below, for purposes of this Agreement, (i) references to the Trustee, the Certificate Administrator, the
Depositor, the Custodian, the Rating Agencies, the 17g-5 Information Provider, the Special Servicer, the Controlling Class Certificateholder,
the Controlling Class Representative, the Operating Advisor, the Underwriters, the Initial Purchasers, the Directing Certificateholder,
the Serviced Companion Loan Noteholders, the Serviced Pari Passu Companion Loan Noteholders, the Asset Representations Reviewer
and the Certificateholders in the Incorporated Sections (and in the defined terms used therein) shall be deemed to be references
to the Master Servicer hereunder, (ii) references to the Master Servicer in the Incorporated Sections (and in the defined terms
used therein) shall be deemed to be references to the Primary Servicer hereunder, (iii) references to the Mortgage Loans in the
Incorporated Sections (and in the defined terms used therein) shall be deemed to be references to the Mortgage Loans as defined
herein, (iv) references to the Serviced Companion Loans and Serviced Pari Passu Companion Loans in the Incorporated Sections (and
in the defined terms used therein) shall be deemed to be references to the Serviced Companion Loans in this Agreement, and (v)
references to the Serviced Whole Loan in the Incorporated Sections (and in the defined terms used therein) shall be deemed to
be references to the Serviced Whole Loan in this Agreement (such modification of the Incorporated Sections shall be referred to
herein as the “References Modification”). With respect to all servicing responsibilities of the Master Servicer
under the Pooling and Servicing Agreement that are not being performed by the Primary Servicer under this Agreement, the Primary
Servicer shall reasonably cooperate with the Master Servicer to facilitate the timely performance of such servicing responsibilities.
The Primary Servicer shall not take any action (whether or not authorized hereunder) as to which the Master Servicer has advised
it in writing that such action if taken may result in the imposition of a tax on any portion of the Trust or cause either the
Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor
trust. The Primary Servicer shall fully cooperate with the Master Servicer in connection with avoiding (a) the imposition of a
tax on any portion of the Trust, (b) causing either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC,
and (c) causing the Grantor Trust to fail to qualify as a grantor trust.


 


(c)          The
following Sections of the Pooling and Servicing Agreement, unless otherwise provided in this Section 3.01(c) of this Agreement,
are hereby incorporated herein by reference as if fully set forth herein, and, for purposes of this Agreement, in addition to
the References Modification, are hereby further modified as set forth below:


 


(1)          Section
1.02. The determination as to the application of amounts collected in respect of any Mortgage Loan and Serviced Companion
Loan, in the absence of express provisions in the related Loan Documents or to the extent that such terms authorize the lender
to use its discretion, shall be made by the Master Servicer.


 


(2)          Section
2.04(a). Section 2.04(a)(i) of the Pooling and Servicing Agreement shall be deemed modified to read “The Primary
Servicer is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of
Delaware, and the Primary Servicer is in compliance with the laws of each state (within the United States of America) in which
any related Mortgaged Property is located to the extent necessary to perform


 






     5


     

    

 


its
obligations under this Agreement.” The Primary Servicer hereby represents and warrants, as of the date hereof, that (i)
each insurance policy and fidelity bond referenced in Section 3.08(d) of the Pooling and Servicing Agreement names the
Master Servicer as an additional insured and loss payee; (ii) the net worth of the Primary Servicer determined in accordance with
generally accepted accounting principles is not less than $2 million; and (iii) the Primary Servicer is authorized to transact
business in the state or states in which the Mortgaged Properties are located, if and to the extent required by applicable law.


 


(3)          Sections
3.01(a), (b) and (e). Without limiting the generality of the obligations of the Primary Servicer hereunder, the Primary Servicer
shall monitor and certify on a quarterly basis, starting with the quarter ending June of 2016, within thirty (30) days of the
end of such quarter the information on the Mortgage Loans and the Serviced Companion Loans as required by, and in the form of,
Exhibit E attached hereto, pursuant to Section 3.01(c)(26) of this Agreement. In addition, without limiting
the generality of the foregoing, the Primary Servicer shall use efforts consistent with the Servicing Standard to continue all
UCC financing statements in favor of the assignee prior to the expiration of such UCC financing statements. The Master Servicer
shall forward the Primary Servicer recorded UCC financing statements reflecting the Trust as the secured party. Notwithstanding
the foregoing, the Primary Servicer’s authority is restricted as provided in Section 3.01(c)(20) and (35)
of this Agreement.


 


(4)          Sections
3.01(c) and (d). References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes
of Sections 3.01(c) and (d) of the Pooling and Servicing Agreement. Each and every one of the terms and conditions
of Sections 3.01(c) and (d) of the Pooling and Servicing Agreement shall be enforceable against the Primary Servicer
in accordance with the terms thereof. The Primary Servicer may not enter into Primary Servicing Agreements in connection with
the Mortgage Loans or the Serviced Companion Loans and shall directly service the Mortgage Loans and Serviced Companion Loans
in accordance with the terms and conditions of this Agreement. To the extent required by Sections 3.01(c) and (d)
of the Pooling and Servicing Agreement, this Agreement will be assumed by the Trustee if the Trustee has assumed the duties of
the Master Servicer or by a successor Master Servicer without cost or obligation to the assuming party or the Trust Fund, upon
the assumption by such party of the obligations, except to the extent they arose prior to the date of assumption, of the Master
Servicer pursuant to Section 7.02 of the Pooling and Servicing Agreement. The Primary Servicer may not foreclose any Mortgage
or, except as permitted by Section 3.01(c)(20) or (35) of this Agreement, grant any modification, extension, waiver
or amendment to any Mortgage Loan or Serviced Companion Loan.


 


(5)          Reserved.


 


(6)          Section
3.03. The Primary Servicer may not waive late payment charges or Default Interest that the Master Servicer is permitted to
waive under Section 3.03 of the Pooling and Servicing Agreement without the consent of the Master Servicer. The Primary
Servicer shall forward to the Master Servicer a copy of all operating statements, income statements, budgets and rent rolls collected
by the Primary Servicer within the timeframe set forth in Section 3.01(c)(27) of this Agreement. The Primary Servicer shall
promptly notify the Master Servicer of any defaults under the Mortgage Loans or the Serviced Companion Loan, collection issues
or customer issues; provided that the Primary Servicer shall not take any action with respect to


 






     6


     

    

 


enforcing
the Mortgage Loans or the Serviced Companion Loan without the prior written approval of the Master Servicer.


 


(7)          Section
3.04(a). The Primary Servicer shall not be obligated to make any Servicing Advances. The Primary Servicer shall give the Master
Servicer not less than five (5) Business Days’ notice before the date on which the Master Servicer is required to make any
Servicing Advance with respect to any Mortgage Loan or Serviced Companion Loan. Upon the occurrence of an insured loss at a Mortgaged
Property, the Primary Servicer shall notify the Master Servicer of the loss and the Primary Servicer’s receipt of the Insurance
Proceeds. The Primary Servicer will provide to the Master Servicer all loss-related records and information received by the Primary
Servicer as such information becomes available and shall confer with the Master Servicer regarding the process of releasing to
the affected Borrower the Insurance Proceeds, including but not limited to questions such as whether the Primary Servicer is authorized
to (i) endorse the checks issued by the insurer representing the Insurance Proceeds; and (ii) release the Insurance Proceeds to
the affected Borrower. With respect to non-escrowed payments, when the Primary Servicer becomes aware in accordance with the Servicing
Standard that the Borrower has failed to make any such payment or, with respect to escrowed loans, collections from the Borrower
are insufficient to pay any such item before the applicable penalty or termination date, the Primary Servicer shall promptly notify
the Master Servicer. The Master Servicer may direct the Primary Servicer to (and upon such direction, the Primary Servicer shall)
make a payment from amounts on deposit in the Primary Servicer Collection Account or Primary Servicer Serviced Whole Loan Collection
Account as contemplated by Section 3.04(a) of the Pooling and Servicing Agreement.


 


(8)          Section
3.04(b). The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit F attached
hereto and a copy of such certification shall be furnished to the Master Servicer within three (3) days of the Closing Date and
thereafter to the Master Servicer upon any transfer of any Escrow Account.


 


(9)          Section
3.04(c). Without the express written consent of the Master Servicer, the Primary Servicer shall not (a) waive or extend the
date set forth in any agreement governing reserve funds by which the required repairs and/or capital improvements at the related
Mortgaged Property must be completed or (b) release any earn out reserve funds or return any related letters of credit delivered
in lieu of earn out reserve funds. The Primary Servicer shall promptly notify the Master Servicer of any failure by the Borrower
described in Section 3.04(c) of the Pooling and Servicing Agreement


 


(10)        Section
3.05(a). The Primary Servicer shall establish a collection account (hereinafter the “Primary Servicer Collection
Account”), meeting all of the requirements of the Collection Account, and references to the Collection Account shall
be references to such Primary Servicer Collection Account. The creation of any Primary Servicer Collection Account shall be evidenced
by a certification in the form of Exhibit F attached hereto and a copy of such certification shall be furnished
to the Master Servicer within three (3) days of the Closing Date and thereafter to the Master Servicer upon any transfer of the
Primary Servicer Collection Account. Notwithstanding the fourth paragraph of Section 3.05(a) of the Pooling and Servicing
Agreement, the Primary Servicer shall deposit into the Primary Servicer Collection Account and include in its Primary Servicer
Remittance Amount all Default Interest, any late payment fees,


 






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Modification
Fees, defeasance fees, Assumption Fees, loan service transaction fees, assumption application fees, consent fees, Prepayment Interest
Excess, charges for beneficiary statements or demands, amounts collected for checks returned for insufficient funds and other
fees and amounts collected from the Borrowers that constitute additional Servicing Compensation and/or additional Special Servicing
Compensation (in each case, other than those to which the Primary Servicer is entitled pursuant to Section 3.01(c)(23)
of this Agreement). Any amounts of additional Special Servicing Compensation payable to the Special Servicer shall be remitted
to the Special Servicer by the Master Servicer. For purposes of the last paragraph of Section 3.05(a) of the Pooling and
Servicing Agreement, the Master Servicer shall direct the Special Servicer to make payment of amounts referenced therein directly
to the Primary Servicer for deposit in the Primary Servicer Collection Account.


 


(11)          Section
3.05(c) is not incorporated herein. With respect to each Distribution Date, the Primary Servicer shall deliver to the Master
Servicer on or before the Primary Servicer Remittance Date the Primary Servicer Remittance Amount allocable to the Mortgage Loans
for such date. Each remittance required to be made to the Master Servicer on the Primary Servicer Remittance Date shall be made
by wire transfer. Each month, on each Business Day between the Primary Servicer Remittance Date and the Distribution Date, the
Primary Servicer shall forward to the Master Servicer by wire transfer the Primary Servicer Remittance Amount allocable to the
Mortgage Loans for such date. Each month, on each Business Day that the Primary Servicer is not required to remit to the Master
Servicer pursuant to the previous sentence, the Primary Servicer shall forward to the Master Servicer by wire transfer all amounts
collected by the Primary Servicer and not previously remitted to the Master Servicer which constitute delinquent payments on the
Mortgage Loans and any related Penalty Charges. Section 3.01(c)(25) of this Agreement sets forth certain reporting requirements
with respect to such remittances.


 


(12)          Section
3.05(g). The Primary Servicer shall establish a collection account (hereinafter the “Primary Servicer Serviced Whole
Loan Collection Account”), meeting all of the requirements of the Serviced Whole Loan Collection Account, and references
to the Serviced Whole Loan Collection Account shall be references to such Primary Servicer Serviced Whole Loan Collection Account.
The creation of any Primary Servicer Serviced Whole Loan Collection Account shall be evidenced by a certification in the form
of Exhibit F attached hereto and a copy of such certification shall be furnished to the Master Servicer within three
(3) days of the Closing Date and thereafter to the Master Servicer upon any transfer of the Primary Servicer Serviced Whole Loan
Collection Account. Notwithstanding the second paragraph of Section 3.05(g) of the Pooling and Servicing Agreement, the
Primary Servicer shall deposit into the Primary Servicer Serviced Whole Loan Collection Account and include in its Primary Servicer
Remittance Amount all Default Interest, any late payment fees, Modification Fees, defeasance fees, Assumption Fees, loan service
transaction fees, assumption application fees, consent fees, Prepayment Interest Excess, charges for beneficiary statements or
demands, amounts collected for checks returned for insufficient funds and other fees and amounts collected from the Borrowers
that constitute additional Servicing Compensation and/or additional Special Servicing Compensation (in each case, other than those
to which the Primary Servicer is entitled pursuant to Section 3.01(c)(23) of this Agreement). Any amounts of additional
Special Servicing Compensation payable to the Special Servicer shall be remitted to the Special Servicer by the Master Servicer.
For purposes of the last paragraph of Section 3.05(g) of the Pooling and Servicing Agreement, the Master Servicer shall
direct the Special Servicer to make payment of


 






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amounts
referenced therein directly to the Primary Servicer for deposit in the Primary Servicer Serviced Whole Loan Collection Account.


 


(13)          Section
3.05(h) is not incorporated herein. On the earlier of the Primary Servicer Remittance Date or the Other Determination Date
Remittance Date in each calendar month, the Sub-Servicer shall remit to the Master Servicer an amount equal to the portion of
the Primary Servicer Remittance Amount allocable to the related Serviced Companion Loans for such date. Each month, on the first
Business Day after receipt of any Primary Servicer Remittance Amount (i) between the Primary Servicer Remittance Date and the
Distribution Date if the related remittance was made on the Primary Servicer Remittance Date, or (ii) between the Other Determination
Date Remittance Date and the “determination date” as such term or similar term is defined in the Other Pooling and
Servicing Agreement if the related remittance was made on the Other Determination Date Remittance Date, the Primary Servicer shall
forward to the Master Servicer by wire transfer the Primary Servicer Remittance Amount allocable to the related Serviced Companion
Loans for such date.


 


(14)          Section
3.06(a) is not incorporated herein. The Primary Servicer may, from time to time, make withdrawals from the Primary Servicer
Collection Account for any of the following purposes (the order set forth below not constituting an order of priority for such
withdrawals):


 


(i)            to
remit to the Master Servicer for deposit in the Collection Account the amounts required to be so deposited pursuant to Section
3.05(c) of the Pooling and Servicing Agreement and Section 3.01(c)(11) of this Agreement;


 


(ii)           to
the extent not otherwise required to be applied against Prepayment Interest Shortfalls, to pay itself earned and unpaid Primary
Servicing Fees, with respect to the Mortgage Loans in respect thereof, the Primary Servicer’s right to payment pursuant
to this clause (ii) with respect to any Mortgage Loans being limited to amounts on deposit in the Primary Servicer Collection
Account that are received on or in respect of on such Mortgage Loan that are allocable as recovery of interest thereon;


 


(iii)          to
pay itself, as additional servicing compensation in accordance with Section 3.12(a) of the Pooling and Servicing Agreement,
interest and investment income earned in respect of amounts held in the Primary Servicer Collection Account as provided in Section
3.01(c)(16) of this Agreement, but only to the extent of the net investment earnings, if any, with respect to the Primary
Servicer Collection Account for any Collection Period;


 


(iv)          to
clear and terminate the Primary Servicer Collection Account at the termination of this Agreement pursuant to Section 9.01
of the Pooling and Servicing Agreement, as modified herein; and


 


(v)           any
amounts deposited in the Primary Servicer Collection Account in error.


 






     9


     

    

 


The
Primary Servicer shall keep and maintain separate accounting records, on a Mortgage Loan by Mortgage Loan basis, reflecting amounts
allocable to the Mortgage Loans and on a property-by-property basis when appropriate, for the purpose of justifying any withdrawal,
debit or credit from the Primary Servicer Collection Account. Upon written request, the Primary Servicer shall provide to the
Master Servicer such records.


 


(15)      Section
3.06(b) is not incorporated herein. The Primary Servicer may, from time to time, make withdrawals from the Primary Servicer
Serviced Whole Loan Collection Account for any of the following purposes (the order set forth below not constituting an order
of priority for such withdrawals):


 


(i)            to
remit (A) to the Master Servicer for deposit in the Collection Account the amounts required to be so deposited pursuant to Section
3.05(c) of the Pooling and Servicing Agreement and Section 3.01(c)(11) of this Agreement and (B) to the Master Servicer
for deposit in the Serviced Whole Loan Collection Account, the allocable portion of the Primary Servicer Remittance Amount pursuant
to Section 3.05(h) of the Pooling and Servicing Agreement and Section 3.01(c)(13) of this Agreement;


 


(ii)           to
the extent not otherwise required to be applied against Prepayment Interest Shortfalls, to pay itself earned and unpaid Primary
Servicing Fees, with respect to the Serviced Whole Loans in respect thereof, the Primary Servicer’s right to payment pursuant
to this clause (ii) with respect to any Serviced Whole Loan being limited to amounts on deposit in the Primary Servicer
Serviced Whole Loan Collection Account that are received on or in respect of on such Serviced Whole Loan that are allocable as
recovery of interest thereon;


 


(iii)          to
pay itself, as additional servicing compensation in accordance with Section 3.12(a) of the Pooling and Servicing Agreement,
interest and investment income earned in respect of amounts held in the Primary Servicer Serviced Whole Loan Collection Account
as provided in Section 3.01(c)(16) of this Agreement, but only to the extent of the net investment earnings, if any, with
respect to the Primary Servicer Serviced Whole Loan Collection Account for any Collection Period;


 


(iv)          to
clear and terminate the Primary Servicer Serviced Whole Loan Collection Account at the termination of this Agreement pursuant
to Section 9.01 of the Pooling and Servicing Agreement, as modified herein; and


 


(v)           any
amounts deposited in the Primary Servicer Serviced Whole Loan Collection Account in error.


 


The
Primary Servicer shall keep and maintain separate accounting records, on a loan-by-loan and property-by-property basis when appropriate,
for the purpose of justifying any withdrawal, debit or credit from the Primary Servicer Serviced Whole Loan Collection Account.
Upon written request, the Primary Servicer shall provide to the Master Servicer such records. Notwithstanding anything herein
to the contrary, any Late Collections or Principal Prepayments


 






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received
by the Primary Servicer with respect to the Serviced Companion Loans from the related Borrower shall be remitted by the Primary
Servicer to the Master Servicer on such Business Day such Late Collection or Principal Prepayment is received in accordance with
the related Intercreditor Agreement.


 


(16)          Section
3.07 is not incorporated herein. The Primary Servicer may invest funds in the Primary Servicer Collection Account, the Primary
Servicer Serviced Whole Loan Collection Account and/or any Borrower Account maintained by it on the same terms as the Master Servicer
may invest funds in the Collection Account, the Serviced Whole Loan Collection Account and/or a Borrower Account, and subject
to the same rights, restrictions and obligations regarding maturity dates, gains, losses, withdrawals, possession and control
of Permitted Investments and Permitted Investments payable on demand. Without limiting the generality of the foregoing, any investment
of funds in the Primary Servicer Serviced Whole Loan Collection Account and/or Borrower Account shall be made in the name of the
Trustee (in its capacity as such) or in the name of a nominee of the Trustee.


 


(17)          Sections
3.08(a) and (c). References to the Collection Account shall be references to the Primary Servicer Collection Account and references
to the Serviced Whole Loan Collection Account shall be references to the Primary Servicer Serviced Whole Loan Collection Account.
All insurance policies caused to be maintained by the Primary Servicer hereunder shall also name the Master Servicer as an additional
insured and loss payee. Within thirty (30) days after the Closing Date, the Primary Servicer shall forward to the Master Servicer
a fully completed certificate of insurance in the form of Exhibit H attached hereto. Without limiting the generality
of the obligations of the Primary Servicer hereunder, the Primary Servicer shall monitor and certify as to the status of insurance
policies relating to the Mortgage Loans and the Serviced Companion Loans on a quarterly basis starting for the quarter ending
in June of 2016, within thirty (30) days of the end of such quarter as required by, and in the form of, Exhibit E attached
hereto, pursuant to Section 3.01(c)(25) of this Agreement. The Primary Servicer shall promptly notify the Master Servicer
of any Mortgaged Property that is not insured against terrorist or other similar acts. The Master Servicer or the Special Servicer
shall make all determinations with respect to terrorism insurance matters required to be made under Section 3.08 of the
Pooling and Servicing Agreement, and the Primary Servicer shall reasonably cooperate with the Master Servicer in connection therewith.


 


(18)          Section
3.08(b). References to the Collection Account shall be references to the Primary Servicer Collection Account and references
to the Serviced Whole Loan Collection Account shall be references to the Primary Servicer Serviced Whole Loan Collection Account.


 


(19)          Section
3.08(d). The fidelity bond and insurance policies required hereunder shall also name the Master Servicer as additional insured
and loss payee.


 


(20)          Section
3.09. Notwithstanding anything herein to the contrary, the Primary Servicer will not permit or consent to any assumption,
transfer, defeasance or other action contemplated by Section 3.09 of the Pooling and Servicing Agreement unless the Primary
Servicer has confirmed with the Master Servicer that the Master Servicer is either obligated to process or that the Master Servicer
and the Special Servicer have mutually agreed that the Master Servicer shall process such request pursuant to Section 3.09
of the Pooling and Servicing 


 






     11


     

    

 


Agreement. Following such confirmation, the Primary Servicer will not permit or consent to any assumption, transfer or other action contemplated by Section 3.09 of the Pooling and Servicing Agreement without the prior
written consent of the Master Servicer. With respect to any such proposed action, the Primary Servicer shall promptly notify the
Master Servicer of any Borrower request for such action, and perform and forward to the Master Servicer any analysis, recommendation
or other information required to be prepared and/or delivered by the Master Servicer under Section 3.09 of the Pooling
and Servicing Agreement.
The Master Servicer, not the Primary Servicer, will deal directly with the Special Servicer in connection with obtaining any necessary
approval or consent from the Special Servicer. If the Primary Servicer shall process any such assumption, transfer or other action,
and the Master Servicer consents to such transaction, the Primary Servicer shall process, document and close such transaction.
Section 3.09(d) of the Pooling and Servicing Agreement is not incorporated herein. The Primary Servicer shall promptly
provide copies of any waivers it effects pursuant to this Section to the Master Servicer and the Master Servicer will provide
notice or copies to the 17g-5 Information Provider and Rating Agencies to the extent required by the Pooling and Servicing Agreement.


 


(21)          Section
3.10. References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes of Section
3.10 (other than Section 3.10(i)) of the Pooling and Servicing Agreement.


 


(22)          Section
3.11. The references to the Collection Account shall be references to the Primary Servicer Collection Account and the references
to the Serviced Whole Loan Collection Account shall be references to the Primary Servicer Serviced Whole Loan Collection Account.
No expense incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Primary
Servicer Collection Account or the Primary Servicer Serviced Whole Loan Collection Account.


 


(23)          Section
3.12(a). References to the Servicing Fee shall be references to the Primary Servicing Fee. The second and fourth paragraphs
of Section 3.12(a) of the Pooling and Servicing Agreement are not incorporated herein. In addition, the Primary Servicer
shall be entitled to receive, as additional servicing compensation, to the extent the Master Servicer is entitled to such amounts
under the Pooling and Servicing Agreement, (i) all investment income earned on amounts on deposit in the Primary Servicer Collection
Account and the Primary Servicer Serviced Whole Loan Collection Account and certain Borrower Accounts (to the extent consistent
with the related Loan Documents), (ii) 50% of that portion of late fees (but not Default Interest) on the Mortgage Loans to which
the Master Servicer is entitled under the Pooling and Servicing Agreement and not required by the Pooling and Servicing Agreement
to cover Advance Interest or Additional Trust Fund Expenses and, in the case of the Serviced Whole Loans, to the extent allocated
to the related Mortgage Loan in the related Intercreditor Agreement, (iii) 100% of any amounts collected by the Primary Servicer
for checks returned for insufficient funds with respect to the Mortgage Loans to the extent the Master Servicer is entitled to
such items under Section 3.12(a)(iii) of the Pooling and Servicing Agreement, (iv) 50% of that portion of any Assumption
Fees and any similar fees to which the Master Servicer is entitled under Section 3.12(a)(iv) of the
Pooling and Servicing Agreement with respect to the Mortgage Loans or Serviced Companion Loans in connection with matters performed
by the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement, (v) 100% of that portion of any assumption application
fees to which the Master Servicer is entitled under Section 3.12(a)(iv) of


 






     12


     

    

 


the
Pooling and Servicing Agreement with respect to the Mortgage Loans or Serviced Companion Loans in connection with matters performed
by the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement, (vi) 50% of that portion of any Modification
Fees, consent fees and similar fees to which the Master Servicer is entitled under Section 3.12(a)(iv) of the Pooling and
Servicing Agreement with respect to the Mortgage Loans or Serviced Companion Loans in connection with matters performed by the
Primary Servicer pursuant to Section 3.01(c)(35) of this Agreement, (vii) 50% of that portion of any defeasance fees to
which the Master Servicer is entitled under Section 3.12(a)(iv) of the Pooling and Servicing Agreement with respect to
the Mortgage Loans or Serviced Companion Loans in connection with matters performed by the Primary Servicer pursuant to Section
3.01(c)(20) of this Agreement and (viii) 100% of that portion of any beneficiary statement charges and demand fees to which
the Master Servicer is entitled under Section 3.12(a)(iv) of the Pooling and Servicing Agreement with respect to the Mortgage
Loans or Serviced Companion Loans. The Primary Servicer shall not be entitled to Prepayment Interest Excesses, Default Interest
or any other amounts not specifically addressed above in this Section 3.01(c)(23).


 


(24)          Sections
3.12(d) and (e). The Primary Servicer shall promptly notify the Master Servicer of any request or inquiry described in the
second paragraph of Section 3.12(e) of the Pooling and Servicing Agreement (i.e., a request from a Borrower, Certificateholder
or other Person that requires the assistance of legal counsel or other consultant, as further described in the Pooling and Servicing
Agreement).


 


(25)          Section
3.13(a) is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 1:00 p.m.
New York City time on the Primary Servicer Reporting Date (or, in the case of the Serviced Whole Loans, on the earlier of the
Primary Servicer Reporting Date or the Other Determination Date Remittance Date), by electronic transmission in a format designated
by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination
Date, (b) no later than 1:00 p.m. New York City time on the Primary Servicer Reporting Date (or, in the case of the Serviced Whole
Loans, on the earlier of the Primary Servicer Reporting Date or the Other Determination Date Remittance Date), by electronic transmission
in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination
Date) in the form of Exhibit G attached hereto and (c) within thirty (30) days after the end of each calendar quarter,
beginning with the quarter ending on June 30, 2016, the certification on the Mortgage Loans and the Serviced Companion Loans,
including without limitation information regarding UCC financing statements, taxes, insurance premiums and ground rents, required
by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer on the
second Business Day of each month by electronic transmission in a format designated by the Master Servicer, a remittance report
containing scheduled balance information for the Mortgage Loans and the Serviced Companion Loans reflecting the scheduled Periodic
Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer
forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) or Section 3.01(c)(13) of this Agreement,
the Primary Servicer shall deliver to the Master Servicer by electronic transmission (with a copy to commercial.masterservicing.supp@wellsfargo.com)
in a format reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in
the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer
not later than 1:00 p.m. New York City time by


 






     13


     

    

 


the
twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall
also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to
time.


 


(26)          Section
3.13(b). References to the Collection Account shall be references to such Primary Servicer Collection Account and references
to the Serviced Whole Loan Collection Account shall be references to such Primary Servicer Serviced Whole Loan Collection Account.


 


(27)          Sections
3.13(d), (e) and (f). Section 3.13(c) of the Pooling and Servicing Agreement is not incorporated herein. The Primary
Servicer shall deliver to the Master Servicer, no later than 1:00 p.m. New York City time on the first Business Day following
the Determination Date (or, in the case of the Serviced Whole Loans, on the earlier of the Primary Servicer Reporting Date or
the Other Determination Date Remittance Date), by electronic transmission in the format designated by the Master Servicer, a CREFC®
Delinquent Loan Status Report, the CREFC® Financial File, the CREFC® Property File, the CREFC®
Comparative Financial Status Report, the CREFC® Servicer Watch List, the CREFC® Total Loan
Report and the CREFC® Loan Level Reserve/LOC Report, each providing the required information as of such Determination
Date. At the request of Master Servicer, the Primary Servicer shall send to a Borrower a notice directing such Borrower to forward
to the Special Servicer annual, quarterly and monthly operating statements, budgets and rent rolls of the related Mortgaged Property,
and financial statements of such Borrower. The preparation and maintenance by the Primary Servicer of all the reports specified
in this Section 3.01(c)(27), including the calculations made therein, shall be done in accordance with CREFC®
standards to the extent applicable thereto.


 


The
Primary Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in
any event, at least five (5) Business Days before the Master Servicer must deliver or make available such reports, statements
and files under the Pooling and Servicing Agreement, a copy of all operating statements and rent rolls collected by the Primary
Servicer and the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet
with respect to the Mortgage Loans as required by Section 3.13(d) of the Pooling and Servicing Agreement.


 


(28)          Sections
3.14(a) and (b). The Primary Servicer shall also be subject to Section 3.01(c)(37) of this Agreement. None of the restrictions
in Section 3.14 of the Pooling and Servicing Agreement or Section 3.01(c)(37) of this Agreement shall prohibit or
restrict oral or written communications, or providing information, between the Primary Servicer, on the one hand, and a Rating
Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns
to the Primary Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the Primary Servicer as a commercial mortgage
master, special or primary servicer or (iii) such Rating Agency’s or NRSRO’s evaluation of the Primary Servicer’s
servicing operations in general; provided, however, that the Primary Servicer shall not provide any information
relating to the Certificates or the Mortgage Loans to a Rating Agency or NRSRO in connection with such review and evaluation by
such Rating Agency or NRSRO unless (x) Borrower, property or deal specific identifiers are redacted; (y) such information has
already been provided to the 17g-5 Information Provider and has been uploaded on to the 17g-5 Information Provider’s Website
or the Master Servicer confirms to the Primary Servicer in writing that it has provided such information to such Rating Agency
in accordance with Section


 






     14


     

    




 


3.14(f) of the Pooling and Servicing Agreement; or (z) the Rating Agency confirms in writing that it does not intend to use such information
in undertaking credit rating surveillance with respect to the Certificates. The Primary Servicer shall provide to Master Servicer
access to all the Servicing Files, Mortgage Files and servicing systems maintained by the Primary Servicer with respect to the
Mortgage Loans and Serviced Companion Loans for audit and review.


 


(29)          Sections
3.17(a) and (b). The Primary Servicer shall promptly (but in no event later than thirty (30) days after the completion of
related inspection report) forward to the Master Servicer a copy of all inspection reports prepared by or on behalf of the Primary
Servicer. If any inspection report identifies a “life safety” or other material deferred maintenance item existing
with respect to the related Mortgaged Property, the Primary Servicer (x) shall promptly send to the related Borrower (with a copy
to the Master Servicer by email to cmsins@wellsfargo.com) a letter identifying such deferred
maintenance item and instructing the related Borrower to correct such deferred maintenance item and (y) shall follow up with the
related Borrower in writing (with a copy to the Master Servicer by email to cmsins@wellsfargo.com)
and at such frequency as is in accordance with the Servicing Standard to confirm that such deferred maintenance item is being
corrected.


 


(30)          Section
3.17(c). On each Primary Servicer Remittance Date, the Primary Servicer shall deposit into the Primary Servicer Collection
Account or the Primary Servicer Serviced Whole Loan Collection Account, as applicable, as part of the Primary Servicer Remittance
Amount, the amount set forth in Section 3.17(c) of the Pooling and Servicing Agreement to the extent resulting from Principal
Prepayments on the Mortgage Loans or Serviced Companion Loans and to the extent that the Master Servicer is required to remit
such amounts under Section 3.17(c) of the Pooling and Servicing Agreement, and except that references to Master Servicing
Fees in Section 3.17(c) of the Pooling and Servicing Agreement shall be references to Primary Servicing Fees.


 


(31)          Sections
3.17(d), (e) and (f). With respect to each Mortgage Loan and Serviced Whole Loan serviced hereunder, the Primary Servicer
shall inform the ground lessor that any notices of default under the related ground lease (or, with respect to a leasehold interest
that is a space lease or an air rights lease, the related space lease or air rights lease) should thereafter be forwarded to the
Master Servicer in addition to the Primary Servicer.


 


(32)          Section
3.20.


 


(33)          Section
3.23(a). The Primary Servicer shall promptly notify the Master Servicer of any event or circumstance that the Primary Servicer
deems to constitute a Servicing Transfer Event with respect to any Mortgage Loan or Serviced Whole Loan. The determination as
to whether a Servicing Transfer Event has occurred shall be made by the Master Servicer.


 


(34)          Sections
3.24(b), (c), (d) and (f). Any request for a Rating Agency Confirmation shall be made in accordance with Section 3.01(c)(37)
of this Agreement.


 


(35)          Section
3.26. Notwithstanding anything herein to the contrary, the Primary Servicer will not permit or consent to any modification,
extension, waiver, consent, Major Decision, Special Servicer Decision or other action contemplated by Section 3.26 of the
Pooling


 






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and
Servicing Agreement unless the Primary Servicer has confirmed with the Master Servicer that the Master Servicer is either obligated
to process or has mutually agreed with the Special Servicer to process such transaction pursuant to Section 3.26 of the
Pooling and Servicing Agreement. Following such confirmation, the Primary Servicer will not permit or consent to any modification,
extension, waiver, consent, Major Decision, Special Servicer Decision or other action contemplated by Section 3.26 of the
Pooling and Servicing Agreement without the prior written consent of the Master Servicer. With respect to any such proposed action,
the Primary Servicer shall promptly notify the Master Servicer of any Borrower request for such action, and perform and forward
to the Master Servicer any analysis, recommendation or other information required to be prepared and/or delivered by the Master
Servicer under Section 3.26 of the Pooling and Servicing Agreement. The Master Servicer, not the Primary Servicer, will
deal directly with the Special Servicer, the Directing Holder, the Operating Advisor and the Rating Agencies in connection with
obtaining any necessary approval or consent from the respective party. If the Primary Servicer shall process any such modification,
extension, waiver, consent, or other action, and the Master Servicer consents to any such modification, extension, waiver, consent
or other action, and the Master Servicer consents to such transaction, the Primary Servicer shall document and close such transaction.
When forwarding a request for the approval of any lease or renewal or extension thereof, the Primary Servicer shall forward to
the Master Servicer the information concerning such lease required by, and in the form of, Exhibit I attached hereto.
The Primary Servicer will not permit any Principal Prepayment with respect to any Mortgage Loan or Serviced Companion Loan without
the written consent of the Master Servicer. The Primary Servicer shall promptly forward all requests for Principal Prepayments
to the Master Servicer, along with a payoff statement (with respect to each Principal Prepayment request) setting forth the amount
of the necessary Principal Prepayment calculated by the Primary Servicer.


 


(36)          Sections
3.27(a), (b), (e) and (f). References to the Serviced Companion Loan Noteholder shall not mean the Master Servicer for the
purposes of Section 3.27(b) of the Pooling and Servicing Agreement and the fifth and sixth paragraph of Section 3.27(e)
of the Pooling and Servicing Agreement. Only the last paragraph of Section 3.27(f) of the Pooling and Servicing Agreement
is incorporated herein. All such notices, reports or information shall be provided by the Primary Servicer to the Master Servicer
and only to the extent such duty or obligation is required to be performed by the Primary Servicer in this Agreement.


 


(37)          Section
3.30 is not incorporated herein. Notwithstanding any provision herein to the contrary, the Primary Servicer shall not deliver
any information or documents to the 17g-5 Information Provider or make any request to a Rating Agency for a Rating Agency Confirmation;
all such deliveries and requests shall be made by, and as determined necessary by, the Master Servicer. The Primary Servicer shall
not communicate (orally or in writing) with any Rating Agency regarding any of the Loan Documents or any matter related to the
Mortgage Loans, Serviced Companion Loans, the related Mortgaged Properties, the related Borrowers or any other matters in connection
with the Certificates or pursuant to this Agreement or the Pooling and Servicing Agreement. The Primary Servicer agrees to comply
(and to cause each and every subcontractor, vendor or agent for the Primary Servicer and each of its officers, directors and employees
to comply) with the provisions relating to communications with the Rating Agencies set forth in this Section 3.01(c)(37)
and the Pooling and Servicing Agreement and shall not deliver to any Rating Agency
any report, notice, statement, request for Rating


 






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Agency Confirmation or other information the communication of which to the Rating Agencies is restricted by the Pooling and Servicing
Agreement.


 


All
information described in the immediately preceding paragraph will be provided by, and all such communications, responses and requests
described in the immediately preceding paragraph will be made by, the Master Servicer in accordance with the procedures required
by the Pooling and Servicing Agreement. To the extent that the Master Servicer is required to provide any information to, or communicate
with, any Rating Agency in accordance with its obligations under the Pooling and Servicing Agreement and such information or communication
is regarding any Mortgage Loan or the primary servicing by the Primary Servicer under this Agreement, the Primary Servicer shall
provide the information to the Master Servicer necessary for the Master Servicer to fulfill such obligations.


 


(38)          Section
4.07 is not incorporated herein. The Primary Servicer shall have no obligation to make P&I Advances.


 


(39)          Sections
10.01, 10.02, 10.03, 10.05, 10.06, 10.07, 10.08, 10.09, 10.11, 10.12, and 10.13. The Primary Servicer shall cooperate fully
with the Master Servicer and deliver to the Master Servicer any and all statements, reports, certifications, records and any other
information in its possession and necessary in the good faith determination of the Master Servicer, the Certificate Administrator,
the Trustee, the Depositor or any Other Depositor or Other Trustee of any Other Securitization that includes a Serviced Companion
Loan to permit the Depositor or such Other Depositor, as applicable, to comply with the provisions of Regulation AB and the Master
Servicer to comply with its obligations under Article X of the Pooling and Servicing Agreement, together with such disclosures
relating to the Primary Servicer, or the servicing of the Mortgage Loans (or, if applicable, the related Serviced Companion Loan),
reasonably believed by the Depositor (or any Other Depositor or Other Trustee of any Other Securitization that includes a Serviced
Companion Loan), the Certificate Administrator, the Trustee or the Master Servicer to be necessary in order to effect such compliance.
For purposes of this Section 3.01(c)(39) of this Agreement, references to the Trustee, the Certificate Administrator or
the Depositor (or any Other Depositor or Other Trustee of any Other Securitization that includes a Serviced Companion Loan) in
Article X of the Pooling and Servicing Agreement shall not be deemed to be references to the Master Servicer but shall
remain references to the Trustee, the Certificate Administrator or the Depositor (or any Other Depositor or Other Trustee of any
Other Securitization that includes a Serviced Companion Loan); provided that the Primary Servicer shall copy the Master Servicer
on any notice, certificate or information provided to the Trustee, the Certificate Administrator, the Depositor, the Other Trustee
or the Other Depositor pursuant to this Section 3.01(c)(39) of this Agreement.


 


With
respect to any period that the Primary Servicer is a Servicing Function Participant or a servicer as contemplated by Item 1108(a)(2)
of Regulation AB, the Primary Servicer shall perform all obligations under Sections 10.03 and 10.05 of the Pooling
and Servicing Agreement applicable to a servicer as contemplated by Item 1108(a)(2) of Regulation AB (including, without limitation,
any obligation or duty the Master Servicer is required under Sections 10.03 and 10.05 of the Pooling and Servicing
Agreement to cause (or use commercially reasonable efforts to cause) a Servicing Function Participant or such servicer as contemplated
by Item 1108(a)(2) of Regulation AB) to perform. If any Mortgaged Property that secures a Serviced


 






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Companion
Loan is a “significant obligor” (within the meaning of Item 1101(k) of Regulation AB), the Primary Servicer shall
comply with Section 10.05(c) of the Pooling and Servicing Agreement and shall deliver such information and reports as provided
therein to the Master Servicer at least five (5) Business Days before the Master Servicer must deliver such items.


 


Any
Additional Form 10-D Disclosure and related Additional Disclosure Notification required to be delivered by the Primary Servicer
shall be delivered to the Master Servicer (and, if the Primary Servicer is an Additional Servicer or a Servicing Function Participant,
also to the Depositor and the Certificate Administrator (and to any Other Depositor or Other Trustee of any Other Securitization
that includes a Serviced Companion Loan)) within the time provided in Section 10.06 of the Pooling and Servicing Agreement.


 


The
Primary Servicer shall provide all the reports required of a Reporting Servicer under Section 10.07 of the Pooling and
Servicing Agreement. The Primary Servicer shall provide all reasonable cooperation (with respect to information regarding the
Primary Servicer, the Mortgage Loans or the Serviced Companion Loans) to enable the Master Servicer to provide any Additional
Form 10-K Disclosure. Any Additional Form 10-K Disclosure and related Additional Disclosure Notification required to be delivered
by the Primary Servicer shall be delivered to the Master Servicer (and, if the Primary Servicer is an Additional Servicer or a
Servicing Function Participant, also to the Depositor and the Certificate Administrator (and to any Other Depositor or Other Trustee
of any Other Securitization that includes a Serviced Companion Loan)) on or before the fifth (5th) Business Day preceding March
1st, commencing March 2017.


 


The
Primary Servicer (without regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or
Additional Servicer) shall provide a Performance Certification described in Section 10.08 of the Pooling and Servicing
Agreement (on which the Master Servicer and its officers, directors and Affiliates, in addition to the Certification Parties,
can reasonably rely) to the Master Servicer on or before the fifth (5th) Business Day preceding March 1st. If the Primary
Servicer is a Reporting Servicer, such Performance Certification shall also be provided to the Certifying Person by the time required
by the Pooling and Servicing Agreement, and if the Primary Servicer is not a Reporting Servicer, such Performance Certification
shall be delivered only to the Master Servicer. In addition, the Primary Servicer (a) shall provide such information and assistance
as may be reasonably required to cooperate with the Master Servicer in complying with Section 10.08 of the Pooling and
Servicing Agreement and (b) shall cooperate with the Master Servicer’s reasonable requests in performing its due diligence
for its certification under Section 10.08 of the Pooling and Servicing Agreement.


 


Any
Form 8-K Disclosure Information and related Additional Disclosure Notification required to be delivered by the Primary Servicer
shall be delivered to the Master Servicer, the Depositor and the Certificate Administrator (and to any Other Depositor or Other
Trustee of any Other Securitization that includes a Serviced Companion Loan) within the time provided in Section 10.09
of the Pooling and Servicing Agreement.


 


The
Primary Servicer (without regard to whether the Primary Servicer is an Additional Servicer or Servicing Function Participant)
shall deliver its Officer’s Certificate required by Section 10.11 of the Pooling and Servicing Agreement to the Master
Servicer on or before the fifth (5th) Business Day preceding March 1st each year. If the Primary Servicer is an Additional


 






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Servicer
or Servicing Function Participant, the Primary Servicer shall also deliver such Officer’s Certificate to the Certificate
Administrator, the Trustee, the Depositor, the Other Trustee, the Other Depositor, and the 17g-5 Information Provider within the
time provided in Section 10.11 of the Pooling and Servicing Agreement, and if the Primary Servicer is not an Additional
Servicer or Servicing Function Participant, such Officer’s Certificate shall be delivered only to the Master Servicer.


 


The
Primary Servicer (without regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or
Additional Servicer) shall deliver the items required under Sections 10.12 and 10.13 of the Pooling and Servicing
Agreement regarding itself (the “report on an assessment of compliance with Relevant Servicing Criteria” and “accountants’
report”) to the Master Servicer on or before the fifth (5th) Business Day preceding March 1st each year. If the
Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer, the report on an assessment
of compliance with Relevant Servicing Criteria and accountants’ report shall also be delivered to the Certificate Administrator,
the Trustee, the 17g-5 Information Provider and the Depositor (and to the Other Depositor and Other Trustee for any Other Securitization
that includes a Serviced Companion Loan), within the time provided in Sections 10.12 and 10.13 of the Pooling and
Servicing Agreement, and if the Primary Servicer is not a Servicing Function Participant, a Reporting Servicer or Additional Servicer,
the report on an assessment of compliance with Relevant Servicing Criteria and accountants’ report shall be delivered only
to the Master Servicer.


 


Subject
to other provisions of this Agreement restricting the right of the Primary Servicer to retain subservicers or subcontractors,
the provisions of Article X of the Pooling and Servicing Agreement regarding retaining a “Sub-Servicer,” “Subcontractor,”
“Additional Servicer” or “Servicing Function Participant” shall be applicable to any sub-servicer, subcontractor
or agent hired by the Primary Servicer to perform any of its obligations hereunder and the Primary Servicer shall comply with
such provisions.


 


If
the Primary Servicer is (or was during any time relevant to the second and third paragraphs of Section 10.14 of the Pooling
and Servicing Agreement) an Additional Servicer or Servicing Function Participant, the Primary Servicer shall perform all of the
obligations of an Affected Reporting Party contained in the second and third paragraphs of Section 10.14 of the Pooling
and Servicing Agreement. The Primary Servicer shall also obtain the consent of the Master Servicer (which shall not be unreasonably
denied, withheld or delayed) when the Depositor’s consent is required under this paragraph.


 


The
Primary Servicer shall indemnify and hold harmless the Master Servicer, each Certification Party, the Certificate Administrator,
and the Depositor (and any Other Depositor related to any Other Securitization that includes a Serviced Companion Loan) (and their
respective employees, directors and officers, and each other person who controls any such entity within the meaning of either
Section 15 of the Act or Section 20 of the Exchange Act) against any and all expenses, losses, claims, damages and other liabilities,
including without limitation the costs of investigation, legal defense and any amounts paid in settlement of any claim or litigation
arising out of (i) the failure to perform its obligations to the Master Servicer, the Depositor (or any Other Depositor related
to an Other Securitization that includes a Serviced Companion Loan) or Certificate Administrator (or any Other Trustee related
to an Other


 






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Securitization
that includes a Serviced Companion Loan) under this Section 3.01(c)(39) by the time required after giving effect to any
applicable grace period or cure period, or (ii) any untrue statement or alleged untrue statement of a material fact contained
in any information delivered by or on behalf of such party in connection with the performance of such party’s obligations
under Article X of the Pooling and Servicing Agreement, or the omission or alleged omission to state in any such information
a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading
or (iii) the failure of any Servicing Function Participant or Additional Servicer retained by it to perform its obligations to
the Master Servicer, the Depositor (and any Other Depositor related to any Other Securitization that includes a Serviced Companion
Loan) or Certificate Administrator (and any Other Trustee related to any Other Securitization that includes a Serviced Companion
Loan) under this Section 3.01(c)(39) by the time required after giving effect to any applicable grace period and cure period,
or (iv) any Deficient Exchange Act Deliverable.


 


The
Master Servicer shall notify the Primary Servicer if the Primary Servicer becomes a Servicing Function Participant, an Additional
Servicer, and/or a Reporting Servicer. Upon request, the Master Servicer shall provide the Primary Servicer with current mailing
addresses of the Trustee, the Depositor, the Certificate Administrator, the Serviced Companion Loan Holders, the applicable Other
Depositor and/or Other Trustee to whom the Primary Servicer must deliver Exchange Act-related reports as a result of becoming
a Servicing Function Participant, an Additional Servicer and/or a Reporting Servicer.


 


If
the indemnification provided for in this Section 3.01(c)(39) is unavailable or insufficient to hold harmless any Certification
Party, the Master Servicer, the Depositor or any employee, director or officer of the Depositor, then the Primary Servicer shall
contribute to the amount paid or payable to the indemnified party as a result of the losses, claims, damages or liabilities of
the indemnified party in such proportion as is appropriate to reflect the relative fault of the indemnified party on the one hand
and the Primary Servicer on the other in connection with a breach of the Primary Servicer’s obligations pursuant to this
Section 3.01(c)(39).


 


(40)
Sections 11.01(b)(i)-(ii). The Primary Servicer shall provide all reasonable cooperation (with respect to information regarding
the Mortgage Loans or Serviced Companion Loans) to enable the Master Servicer to provide the information required pursuant to
Section 11.01(b)(i)-(ii) of the Pooling and Servicing Agreement.


 


Section
3.02    Merger or Consolidation of the Primary Servicer.


 


The
Primary Servicer shall keep in full effect its existence, rights and franchises as a limited liability company under the laws
of the state of its formation except as permitted herein, and shall obtain and preserve its qualification to do business as a
foreign limited liability company in each jurisdiction in which such qualification is or shall be necessary to protect the validity
and enforceability of this Agreement or the Mortgage Loans and Serviced Companion Loans and to perform its duties under this Agreement.


 


Any
Person into which the Primary Servicer may be merged or consolidated, or any limited liability company resulting from any merger,
conversion or consolidation to which the Primary Servicer shall be a party, or any Person succeeding to the business of the Primary


 






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Servicer,
or any Person succeeding to all or substantially all of the servicing business of the Primary Servicer, shall be the successor
of the Primary Servicer hereunder, without the execution or filing of any paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person
(i) must be a company whose business is the origination and servicing of mortgage loans and shall be authorized to transact business
in the state or states in which the related Mortgaged Properties it is to service is situated, (ii) must be reasonably acceptable
to the Master Servicer, and (iii) shall assume in writing the obligations of the Primary Servicer under this Agreement.


 


Section
3.03      Limitation on Liability of the Primary Servicer and Others.


 


Neither
the Primary Servicer nor any Affiliates, directors, officers, employees, members, managers, representatives or agents of the Primary
Servicer (the “Primary Servicer Parties”) will be under any liability to the Master Servicer for any action
taken, or for refraining from the taking of any action, in good faith pursuant to this Agreement, or for errors in judgment; provided,
however, that this provision shall not protect the Primary Servicer Parties against any breach of warranties or representations
made herein, or against any liability that would otherwise be imposed on the Primary Servicer by reason of its willful misconduct,
bad faith, fraud or negligence (or by reason of any specific liability imposed hereunder for a breach of the Servicing Standard)
in the performance of its duties hereunder or by reason of its negligent disregard of its obligations or duties hereunder. The
Primary Servicer and any officer, employee or Affiliate of the Primary Servicer may rely in good faith on any document of any
kind, prima facie, properly executed and submitted by any appropriate Person respecting any matters arising hereunder. The Primary
Servicer shall not be under any obligation to appear in, prosecute or defend any legal action unless such action is related to
its duties under this Agreement and either (i) it is specifically required to bear the cost of such action or (ii) such action
will not, in its reasonable and good faith judgment, involve it in any ultimate expense or liability for which it would not be
reimbursed hereunder; provided, however, that the Primary Servicer may, with the consent of the Master Servicer,
undertake any such action which it may deem necessary or desirable in respect to this Agreement and the rights and duties of the
parties hereto. In such event, the legal expenses and costs of such action and any liability resulting therefrom shall be expenses,
costs and liabilities for which the Master Servicer will be liable and the Primary Servicer shall be entitled to be reimbursed
to the extent the Master Servicer is reimbursed therefor by the Trust. To the extent provided in the Pooling and Servicing Agreement,
the Primary Servicer Parties shall be indemnified by the Trust, against any Losses incurred by the Primary Servicer in connection
with any claim, loss, penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement, other than any
Losses (i) that are specifically required to be borne by the Primary Servicer without right of reimbursement pursuant to the terms
of this Agreement or (ii) that are incurred by reason of (A) a breach of any representation or warranty by the Primary Servicer
or (B) willful misconduct, bad faith, fraud or negligence of the Primary Servicer in the performance of duties under this Agreement
or negligent disregard of obligations and duties under this Agreement; provided, however, that the indemnification described in
this sentence shall be strictly limited to any actual amount of indemnification received by the Master Servicer under the Pooling
and Servicing Agreement as a result of pursuing the Trust on behalf of the Primary Servicer for such indemnification.


 






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Section
3.04     Primary Servicer Not to Resign.


 


The
Primary Servicer shall not resign from the obligations and duties hereby imposed on it except by mutual consent of the Primary
Servicer and the Master Servicer, or upon the determination that its duties hereunder are no longer permissible under applicable
law and such incapacity cannot be cured by the Primary Servicer. Any such determination permitting the resignation of the Primary
Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Master Servicer, which Opinion of Counsel
shall be in form and substance acceptable to the Master Servicer.


 


Section
3.05     No Transfer or Assignment of Servicing.


 


With
respect to the responsibility of the Primary Servicer to service the Mortgage Loans and Serviced Companion Loans hereunder, the
Primary Servicer acknowledges that the Master Servicer has acted in reliance upon the Primary Servicer’s independent status,
the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing
and the continuance thereof. Without in any way limiting the generality of this Section 3.05, the Primary Servicer shall
neither assign or transfer this Agreement or the servicing hereunder nor delegate its rights or duties hereunder or any portion
thereof, nor sell or otherwise dispose of all or substantially all of its property or assets, without the prior written approval
of the Master Servicer, which consent will not be unreasonably withheld or delayed. Notwithstanding the foregoing, prior to any
assignment or transfer by the Primary Servicer of this Agreement or the servicing hereunder (the “Primary Servicing Rights”),
the Primary Servicer shall allow the Master Servicer an opportunity to bid on the purchase of such Primary Servicing Rights. The
Primary Servicer may also solicit bids from other parties independent of the Primary Servicer. If after receipt by the Primary
Servicer of all bids, the Master Servicer is not the highest bidder, the Master Servicer will be given the opportunity to submit
a second bid and final bid, which bid shall be given equal consideration with all other bids.


 


Section
3.06     Indemnification.


 


The
Primary Servicer Parties shall be indemnified by the Master Servicer against any loss, liability or expense (collectively, the
“Losses”) incurred by the Primary Servicer in connection with any claim, loss, penalty, fine, foreclosure,
judgment, liability or legal action relating to this Agreement resulting from the Master Servicer’s willful misconduct,
bad faith, fraud, or negligence in the performance of duties hereunder or negligent disregard of its obligations hereunder. The
Primary Servicer shall indemnify and hold harmless the Master Servicer and its directors, officers, representatives, members,
managers, agents, employees or affiliates against any Losses incurred by the Master Servicer in connection with any claim, loss,
penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement, the Pooling and Servicing Agreement
or the Certificates by reason of (1) any breach by the Primary Servicer of a representation or warranty made by the Primary Servicer
in this Agreement or (2) any willful misconduct, bad faith, fraud or negligence by the Primary Servicer in the performance of
its obligations or duties under this Agreement or under the Pooling and Servicing Agreement or by reason of negligent disregard
of such obligations and duties. Each indemnified party hereunder shall give prompt written notice to the indemnitor of matters
which may give rise to liability of such indemnitor hereunder; provided, however, that failure to give such notice


 






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shall
not relieve the indemnitor of any liability except to the extent of actual prejudice. This Section 3.06 shall survive the
termination of this Agreement and the termination or resignation of the Master Servicer or the Primary Servicer.


 


ARTICLE
IV



DEFAULT


 


Section
4.01     Events of Default.


 


In
case one or more of the following events (each, a “Primary Servicer Termination Event”) by the Primary Servicer
shall occur and be continuing, that is to say:


 


(a)          any
failure by the Primary Servicer (i) to make a required deposit to the Primary Servicer Collection Account, the Primary Servicer
Serviced Whole Loan Collection Account or any Borrower Account on the day and by the time such deposit was first required to be
made, or (ii) to remit to the Master Servicer or the Serviced Companion Loan Noteholders any amount required to be so deposited
or remitted by the Primary Servicer, which failure is not cured within one (1) Business Day after such deposit or remittance is
due; or


 


(b)          any
failure on the part of the Primary Servicer to observe or perform its obligations and duties in accordance with Section 3.08
of the Pooling and Servicing Agreement; or


 


(c)          any
failure on the part of the Primary Servicer to (a) make available and certify to the Master Servicer the information called for
on Exhibit E at any time required hereunder, or (b) to timely make available and certify to the Master Servicer
the Collection Report which failure continues unremedied for one (1) Business Day; or


 


(d)          the
Primary Servicer shall fail three (3) times within any twelve (12) month period to (a) timely deposit or remit any amounts required
to be deposited or remitted under this Agreement, or (b) timely provide to the Master Servicer any report required by this Agreement
to be provided to the Master Servicer; or


 


(e)          any
failure (other than a failure referred to in another clause in this Section 4.01) on the part of the Primary Servicer duly
to observe or perform in any material respect any other of its covenants or agreements contained in this Agreement which continues
unremedied for a period of twenty-five (25) days (forty (40) days in the case of failure to pay the premium for any insurance
policy required to be force placed by the Primary Servicer pursuant to this Agreement or in any event such reasonable shorter
period of time as is necessary to avoid the commencement of foreclosure proceedings for any lien relating to unpaid real estate
taxes or assessments or a lapse in any required insurance coverage) after the date on which written notice of such failure, requiring
the same to be remedied, shall have been given to the Primary Servicer by (i) the Master Servicer or (ii) an affected Serviced
Companion Loan Noteholder; provided, if that failure is capable of being cured and the Primary Servicer is diligently
pursuing that cure, that 25- or 40-day period will be extended an additional 30 days; or


 






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(f)           any
breach on the part of the Primary Servicer of any representation or warranty contained in this Agreement which materially and
adversely affects the interests of the Master Servicer, any Class of Certificateholders or Serviced Companion Loan Noteholders
and which continues unremedied for a period of thirty (30) days after the date on which notice of such breach, requiring the same
to be remedied, shall have been given to the Primary Servicer by (i) the Master Servicer or (ii) an affected Serviced Companion
Loan Noteholder; provided, if that breach is capable of being cured and the Primary Servicer is diligently pursuing
that cure, that 30-day period will be extended an additional 30 days; or


 


(g)          a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Primary Servicer and such
decree or order shall have remained in force undischarged, undismissed or unstayed for a period of sixty (60) days; or


 


(h)          the
Primary Servicer shall consent to the appointment of a conservator, receiver, liquidator, trustee or similar official in any bankruptcy,
insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Primary Servicer
or of or relating to all or substantially all of its property; or


 


(i)          the
Primary Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage
of any applicable bankruptcy, insolvency or reorganization statute, make an assignment for the benefit of its creditors, voluntarily
suspend payment of its obligations, or take any corporate action in furtherance of the foregoing; or


 


(j)          the
Primary Servicer shall assign or transfer or attempt to assign or transfer all or part of its rights and obligations hereunder
except as permitted by this Agreement; or


 


(k)          Moody’s
or KBRA has (i) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates or Serviced Companion
Loan Securities, or (ii) placed one or more Classes of Certificates or Serviced Companion Loan Securities on “watch status”
in contemplation of possible rating downgrade or withdrawal (and such qualification, downgrade, withdrawal or “watch status”
placement shall not have been withdrawn by Moody’s or KBRA, as applicable, within 60 days of such event) and, in the case
of either of clause (i) or (ii), publicly citing servicing concerns with the Master Servicer (because of actions of the Primary
Servicer) or the Primary Servicer as the sole or a material factor in such rating action); or


 


(l)          either
(a) the Primary Servicer ceases to have a commercial primary servicer rating of at least “CPS3” from Fitch and that
rating is not reinstated within 60 days of delisting or (b) if the Primary Servicer has not been ranked by Fitch on or after the
Closing Date, and Fitch has (1) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates
or (2) within the prior 12 months, placed one or more Classes of Certificates on “watch status” in contemplation of
rating downgrade or withdrawal and, in the case of either of clauses (1) or (2), has publicly cited servicing concerns with the
Primary Servicer as the sole or


 






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material
factor in such rating action (and such qualification, downgrade, withdrawal, or “watch status” placement has not been
withdrawn by Fitch within 60 days of such event);


 


(m)          the
net worth of the Primary Servicer, determined in accordance with generally accepted accounting principles shall decline to less
than $2 million; or


 


(n)          a
Servicer Termination Event by the Master Servicer under the Pooling and Servicing Agreement occurs, which Servicer Termination
Event occurred as a result of the failure of the Primary Servicer to perform any obligation required under this Agreement; or


 


(o)          (1)
so long as the Issuing Entity is subject to Exchange Act reporting requirements, any failure by the Primary Servicer to deliver
any annual certification, assessment of compliance with certain servicing criteria, any accountant’s attestation report
or any other Exchange Act reporting items that the Primary Servicer is required by this Agreement to deliver to the Depositor,
the Certificate Administrator or the Master Servicer (after any applicable grace period), (2) the failure of the Primary Servicer
to comply with any of the requirements under Article X of the Pooling and Servicing Agreement applicable to the Primary
Servicer or the Master Servicer, including the failure to deliver any reports, certificates or disclosure information under the
Exchange Act or under the rules and regulations promulgated under the Exchange Act at the time such report, certification or information
is required under Article X of the Pooling and Servicing Agreement or (3) the failure of the Primary Servicer to comply
with any and all requirements to deliver any items required by Items 1122 and 1123 of Regulation AB under any other pooling and
servicing agreement relating to any other series of certificates offered by the Depositor or backed by a Serviced Companion Loan.


 


If
any Primary Servicer Termination Event shall occur and be continuing, then, and in each and every such case, so long as such Primary
Servicer Termination Event shall not have been remedied, the Master Servicer or, in the case of a Primary Servicer Termination
Event described in Section 4.01(o) of this Agreement, the Depositor may terminate, by notice in writing to the Primary
Servicer, all of the rights and obligations of the Primary Servicer as Primary Servicer under this Agreement and in and to the
Mortgage Loans and the Serviced Companion Loans and the proceeds thereof. From and after the receipt by the Primary Servicer of
such written notice, all authority and power of the Primary Servicer under this Agreement, whether with respect to the Mortgage
Loans, the Serviced Companion Loans or otherwise, shall pass to and be vested in the Master Servicer pursuant to and under this
Section 4.01, and, without limitation, the Master Servicer is hereby authorized and empowered to execute and deliver, on
behalf of and at the expense of the Primary Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments,
and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement or assignment of the Mortgage Loans, the Serviced Companion Loans and related
documents, or otherwise. The Primary Servicer hereby acknowledges that the Serviced Companion Loan Noteholder shall be entitled
to direct the Trustee to direct the Master Servicer to replace the Primary Servicer with a successor sub-servicer for the Serviced
Whole Loan pursuant to Section 7.01(c) of the Pooling and Servicing Agreement (the “Successor Sub-Servicer”)
following a Primary Servicer Termination Event after any applicable cure periods with respect to such Serviced Whole Loan. The
Primary Servicer agrees that if it is terminated pursuant to this Section 4.01, it shall promptly (and in any event no
later than five (5) Business


 






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Days
subsequent to its receipt of the notice of termination) provide the Master Servicer or the Successor Sub-Servicer, as applicable,
with all documents and records (including, without limitation, those in electronic form) requested by it to enable it to assume
the Primary Servicer’s functions hereunder, and shall cooperate with the Master Servicer or the Successor Sub-Servicer,
as applicable, in effecting the termination of the Primary Servicer’s responsibilities and rights hereunder and the assumption
by a successor of the Primary Servicer’s obligations hereunder, including, without limitation, the transfer within one (1)
Business Day to the Master Servicer or the Successor Sub-Servicer, as applicable, for administration by it of all cash amounts
which shall at the time be or should have been credited by the Primary Servicer to the Primary Servicer Collection Account, the
Primary Servicer Serviced Whole Loan Collection Account, the Collection Account, the Serviced Whole Loan Collection Account, any
Escrow Account, any Reserve Account, any Lock-Box Account, or any Cash Collateral Account, or thereafter be received with respect
to the Mortgage Loans and/or Serviced Companion Loans (provided, however, that the Primary Servicer shall continue to be entitled
to receive all amounts accrued or owing to it under this Agreement on or prior to the date of such termination, and it and its
directors, officers, employees and agents shall continue to be entitled to the benefits of Section 3.03 of this Agreement
notwithstanding any such termination).


 


In
addition to any other rights the Master Servicer may have hereunder, if the Primary Servicer fails to remit to the Master Servicer
any amounts when required to be remitted hereunder, the Primary Servicer shall pay to the Master Servicer interest on the amount
of such late remittance at the rate of Wells Fargo Bank, National Association prime rate plus three percent (3%) per annum, applied
on a per diem basis for each day such remittance is late (i.e., said per annum rate divided by 365 multiplied by the number of
days late); but in no event shall such interest be greater than the maximum amount permitted by law.


 


In
addition to any other rights and remedies available to the Master Servicer hereunder or at law or equity, including, without limitation,
the right to a recovery of damages, the Master Servicer may impose, and if so imposed, the Primary Servicer shall pay, the penalties
described in this paragraph for any failure by the Primary Servicer to timely provide to the Master Servicer any report or certification
required by this Agreement to be provided to the Master Servicer, the Collection Report required by this Agreement, the remittance
report in the form of Exhibit G required by this Agreement, or the account reconciliations required by this Agreement
(and, with respect to the account reconciliations, such failure continues unremedied for thirty (30) days after the time within
which they are required to be delivered) (each such failure referred to herein as a “Primary Servicer Delinquency”).
The Master Servicer may impose on the Primary Servicer a penalty of $500.00 for the first Primary Servicer Delinquency to occur
hereunder (“Initial Primary Servicer Delinquency”), a penalty of $1,000.00 for the next Primary Servicer Delinquency
occurring within two (2) years following an Initial Primary Servicer Delinquency, and a penalty of $1,500.00 for any other Primary
Servicer Delinquency occurring within two (2) years following an Initial Primary Servicer Delinquency; provided, however,
that if no Primary Servicer Delinquency occurs during any two (2) year period, the first Primary Servicer Delinquency thereafter
shall be deemed to be an “Initial Primary Servicer Delinquency”. The penalties provided for in this paragraph are
not intended to constitute liquidated damages. The rights and remedies of the Master Servicer under this Agreement are cumulative
with, and not exclusive of, any other rights or remedies which it would otherwise have.


 






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Section
4.02     Waiver of Defaults.


 


The
Master Servicer may waive any default by the Primary Servicer in the performance of its obligations hereunder and its consequences.
Upon any such waiver of a past default, such default shall cease to exist, and any Primary Servicer Termination Event arising
therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent
or other default or impair any right consequent thereon except to the extent expressly so waived.


 


Section
4.03     Other Remedies of Master Servicer.


 


During
the continuance of any Primary Servicer Termination Event, so long as such Primary Servicer Termination Event shall not have been
remedied, the Master Servicer, in addition to the rights specified in Section 4.01 of this Agreement, shall have the right,
in its own name, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies
(including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim
and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement
shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and
no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of
any Primary Servicer Termination Event.


 


ARTICLE
V



TERMINATION


 


Section
5.01     Termination.


 


Except
as otherwise specifically set forth herein, the rights, obligations and responsibilities of the Primary Servicer shall terminate
(without payment of any penalty or termination fee) (i) upon the later of the final payment or other liquidation (or any advance
with respect thereto) of the last Mortgage Loan and the remittance of all funds due hereunder or if the last Mortgage Loan becomes
an REO Mortgage Loan or the related Mortgaged Property becomes REO Property; (ii) by mutual consent of the Primary Servicer and
the Master Servicer in writing; (iii) pursuant to Section 5.02 of this Agreement; (iv) at the option of any purchaser of
one or more Mortgage Loans pursuant to the Pooling and Servicing Agreement, upon such purchase and only with respect to such Mortgage
Loan(s), subject to the Primary Servicer’s rights to retain accrued and unpaid Primary Servicing Fees; (v) upon a Mortgage
Loan or a Serviced Whole Loan becoming a Specially Serviced Loan and only with respect to such Mortgage Loan or Serviced Whole
Loan or (vi) upon termination of the Pooling and Servicing Agreement. Notwithstanding anything herein to the contrary, the Primary
Servicer shall not receive any Primary Servicing Fee upon termination of this Agreement.


  



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Section
5.02     Termination With Cause.


 


The
Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all
of the Mortgage Loans or the Serviced Companion Loans as provided in Section 4.01 of this Agreement upon the occurrence
of a Primary Servicer Termination Event.


 


Any
notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.


 


Section
5.03     Intentionally Deleted.


 


Section
5.04    Termination of Duties with Respect to Specially Serviced Loans.


 


At
such time as any Mortgage Loan or Serviced Whole Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary
Servicer set forth herein with respect to such Specially Serviced Loan shall cease and such Mortgage Loan and/or Serviced Whole
Loan shall no longer be subject to this Agreement.


 


ARTICLE
VI



MISCELLANEOUS


 


Section
6.01     Successor to the Primary Servicer.


 


Prior
to termination of the Primary Servicer’s responsibilities and duties under this Agreement pursuant to Sections 3.04,
4.01, 5.01 or 5.02 of this Agreement, the Master Servicer shall (i) succeed to and assume all of the Primary
Servicer’s responsibilities, rights, duties and obligations under this Agreement, or (ii) appoint a successor which satisfies
the criteria for a successor Primary Servicer in Section 3.02 of this Agreement and which shall succeed to all rights and
assume all of the responsibilities, duties and liabilities of the Primary Servicer under this Agreement accruing following the
termination of the Primary Servicer’s responsibilities, duties and liabilities under this Agreement.


 


Section
6.02      Financial Statements.


 


The
Primary Servicer shall, upon the request of the Master Servicer, make available its financial statements and other records relevant
to the performance of the Primary Servicer’s obligations hereunder. It is acknowledged that the Primary Servicer and the
Master Servicer have entered into that certain confidentiality and nondisclosure agreement dated August 8, 2013 (the “NDA”),
and that any financial statements and other information relating to the Primary Servicer provided by the Primary Servicer to the
Master Servicer pursuant to this Agreement for the purpose of enabling the Master Servicer to receive information related to sub-servicer
reviews are subject to the terms of the NDA by its terms; provided that information regarding the Mortgage Loans, the Serviced
Companion Loans, the Borrowers or Mortgaged Properties shall not be subject to the NDA; and provided, further, that the NDA shall
not be deemed to restrict the Master Servicer’s use of information for the purpose of evaluating the Primary Servicer’s
performance under, and compliance with, this Agreement.


 



     28


     

    

 





Section
6.03     Closing.


 


The
closing for the commencement of the Primary Servicer to perform the servicing responsibilities under this Agreement with respect
to the Mortgage Loans and Serviced Companion Loans shall take place on the Closing Date. At the Master Servicer’s option,
the closing shall be either by telephone, confirmed by letter or wire as the parties shall agree, or conducted in person, at such
place as the parties shall agree.


 


The
closing shall be subject to the execution and delivery of the Pooling and Servicing Agreement by the parties thereto.


 


Section
6.04       Closing Documents.


 


The
Closing Documents shall consist of all of the following documents:


 


(a)          to
be provided by the Primary Servicer:


 


(1)          this
Agreement executed by the Primary Servicer;


 


(2)          an
Officer’s Certificate of the Primary Servicer, dated the Closing Date and in the form of Exhibit B hereto,
including all attachments thereto;


 


(3)          Reserved;
and


 


(4)          the
account certifications in the form of Exhibit F hereto required by Section 3.01(c)(8), (10) and (12)
of this Agreement, fully completed; and


 


(b)          to
be provided by the Master Servicer:


 


(1)          this
Agreement executed by the Master Servicer; and


 


(2)          the
Mortgage Loan Schedule, with one copy to be attached to each counterpart of this Agreement as Exhibit A hereto;
and


 


(3)          the
Pooling and Servicing Agreement substantially in the form of Exhibit C hereto.


 


Section
6.05       Notices.


 


All
demands, notices, consents and communications hereunder shall be in writing and shall be deemed to have been duly given when delivered
to the following addresses:


 






     29


     

    

 


		(i)	if
                                         to the Master Servicer:



 


Wells
Fargo Bank, National Association

Commercial Mortgage Servicing

MAC D1086

550 South Tryon Street, 14th Floor

Charlotte, North Carolina 28202

Reference: CFCRE 2016-C4 Asset Manager


 


with
a copy to:



Wells Fargo Bank, National Association

Legal Department

301 S. College St., TW-30

D1053-300

Charlotte, North Carolina 28202-6000

Reference: Commercial Mortgage Servicing Legal Support


 


		(ii)	if
                                         to the Primary Servicer:



 


Berkeley
Point Capital LLC

One Beacon Street, 14th Floor

Boston, MA 02108

Attention: Director and Head of Servicing


 


with
a copy to:


 


Berkeley
Point Capital LLC

4550 Montgomery Avenue Suite 1100

Bethesda, MD 20814

Attention: Raqual Crea-Legal Department








or
such other address as may hereafter be furnished to the other party by like notice.


 


Section
6.06      Severability Clause.


 


Any
part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable
shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof,
and any such prohibition or unenforceability in any jurisdiction as to the Mortgage Loans or the Serviced Companion Loans shall
not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the
parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity
of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended
to be conferred by this Agreement, the parties shall negotiate, in good faith, to develop a structure the economic effect of which
is nearly as possible the same as the economic effect of this Agreement without regard to such invalidity.


 






     30


     

    

 


Section
6.07      Counterparts.


 


This
Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and
all such counterparts shall constitute one and the same instrument.


 


Section
6.08      Governing Law.


 


This
Agreement shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of
the parties hereunder shall be determined in accordance with the laws of the State of New York, except to the extent preempted
by Federal Law.


 


Section
6.09      Protection of Confidential Information.


 


The
Primary Servicer shall keep confidential and shall not divulge to any party other than the Master Servicer, the Depositor, the
Special Servicer, the Trustee or the Serviced Companion Loan Noteholders, without the Master Servicer’s prior written consent,
any information pertaining to the Mortgage Loans, the Serviced Companion Loans or any borrower thereunder, except to the extent
that it is appropriate for the Primary Servicer to do so in working with legal counsel, auditors, taxing authorities or other
governmental agencies or in accordance with this Agreement.


 


Section
6.10      Intention of the Parties.


 


It
is the intention of the parties that the Master Servicer is conveying, and the Primary Servicer is receiving, only a contract
for servicing the Mortgage Loans and the Serviced Companion Loans. Accordingly, the parties hereby acknowledge that the Trustee
remains the sole and absolute beneficial owner of the Mortgage Loans and all rights related thereto and that the Serviced Companion
Loan Noteholders remain the sole and absolute beneficial owner of its related Serviced Companion Loans and all rights thereto.


 


Section
6.11      Third Party Beneficiary.


 


The
Trustee, for the benefit of the Certificateholders, shall be a third party beneficiary under this Agreement, provided that,
except to the extent the Trustee or its designee assumes the obligations of the Master Servicer hereunder as contemplated by Section
6.12 of this Agreement, none of the Trustee, the Trust Fund, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, any successor Master Servicer, the Special Servicer, the Serviced Companion Loan Noteholders or any
Certificateholder shall have any duties under this Agreement or any liabilities arising herefrom. The Depositor and each Certification
Party shall be a third party beneficiary under this Agreement solely with respect to the obligations of the Primary Servicer under
Section 3.01(c)(39) of this Agreement and, with respect to the Depositor, Section 4.01 of this Agreement.


 






     31


     

    

 


Section
6.12      Successors and Assigns; Assignment of Agreement.


 


This
Agreement shall bind and inure to the benefit of and be enforceable by the Primary Servicer and the Master Servicer and the respective
successors and assigns of the Primary Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated
by the Primary Servicer to a third party except as otherwise specifically provided for herein. If the Master Servicer shall for
any reason no longer act in such capacity under the Pooling and Servicing Agreement (including by reason of a Master Servicer
Termination Event), the Trustee or its designee or any other successor to the Master Servicer may thereupon assume all of the
rights and, except to the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement,
subject to the Primary Servicer’s rights hereunder, including the right to retain accrued and unpaid Primary Servicing Fees.


 


Section
6.13       Waivers.


 


No
term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the
party against whom such waiver or modification is sought to be enforced.


 


Section
6.14       Exhibits.


 


The
Exhibits to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement.


 


Section
6.15       General Interpretive Principles.


 


The
article and section headings are for convenience of a reference only, and shall not limit or otherwise affect the meaning hereof.


 


Section
6.16       Complete Agreement.


 


This
Agreement embodies the complete agreement between the parties regarding the subject matter hereof and may not be varied or terminated
except by a written agreement conforming to the provisions of Section 6.18 of this Agreement. All prior negotiations or
representations of the parties are merged into this Agreement and shall have no force or effect unless expressly stated herein.


 


Section
6.17       Further Agreement.


 


The
Primary Servicer and the Master Servicer each agree to execute and deliver to the other such reasonable and appropriate additional
documents, instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.


 


Section
6.18       Amendments.


 


This
Agreement may only be amended with the consent of the Primary Servicer and the Master Servicer. The Master Servicer shall not
consent to any modification to the Pooling and Servicing Agreement in any manner which would increase the obligations or limit
the rights of a


 






     32


     

    

 


Primary
Servicer under the Pooling and Servicing Agreement or under this Agreement without the prior written consent of the Primary Servicer
(which consent shall not be unreasonably withheld).


 


Section
6.19       Exchange Act Rule 17g-5 Procedures.


 


(a)           Notwithstanding
any provision herein to the contrary but subject to Section 6.19(c) of this Agreement and except as required by law, the
Primary Servicer shall not provide any information directly to, or communicate with, either orally or in writing, any Rating Agency
regarding the Certificates, the Mortgage Loans or the Serviced Companion Loans relevant to the Rating Agency’s surveillance
of the Certificates, the Mortgage Loans or the Serviced Companion Loans, including, but not limited to, providing responses to
inquiries from the Rating Agency regarding the Certificates, the Mortgage Loans or the Serviced Companion Loans and requests for
Rating Agency Confirmation. All such information will be provided by, and all such communications, responses and requests will
be made by, the Master Servicer in accordance with the procedures required by the Pooling and Servicing Agreement. To the extent
that the Master Servicer is required to take any action under the Pooling and Servicing Agreement to comply with Exchange Act
Rule 17g-5, the Primary Servicer shall cooperate and provide any information reasonably requested by the Master Servicer to enable
the Master Servicer to comply with such obligations.


 


(b)          The
Primary Servicer hereby expressly agrees to indemnify and hold harmless the Master Servicer and the Depositor and their respective
officers, directors, shareholders, members, managers, employees, agents, Affiliates and controlling persons, and the Trust Fund
(each, an “Indemnified Party”), from and against any and all losses, liabilities, damages, claims, judgments,
costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal fees and expenses), joint or several,
to which any such Indemnified Party may become subject, under the Act, the Exchange Act or otherwise, pursuant to a third-party
claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses
(including reasonable legal fees and expenses) arise out of or are based upon (i) the Primary Servicer’s breach of this
Section 6.19 or (ii) a determination by the Rating Agency that it cannot reasonably rely on representations made by the
Depositor or any Affiliate thereof pursuant to Exchange Act Rule 17g-5(a)(3), to the extent caused by any such breach referred
to in clause (i) above by the Primary Servicer, and will reimburse such Indemnified Party for any legal or other expenses reasonably
incurred by such Indemnified Party in connection with investigating or defending any such action or claim, as such expenses are
incurred.


 


(c)          None
of the foregoing restrictions in this Section 6.19 prohibit or restrict oral or written communications, or providing information,
between the Primary Servicer and any Rating Agency with regard to (i) such Rating Agency’s review of the ratings it assigns
to the Primary Servicer, (ii) such Rating Agency’s approval of the Primary Servicer as a commercial mortgage master, special
or primary servicer or (iii) such Rating Agency’s evaluation of the Primary Servicer’s servicing operations in general;
provided, however, that the Primary Servicer shall not provide any information relating to the Certificates or the
Mortgage Loans to such Rating Agency in connection with such review and evaluation by such Rating Agency unless (x) borrower,
property or deal specific identifiers are redacted; (y) the Master Servicer confirms to the Primary Servicer in writing that such
information has already been provided to the 17g-5 


 






     33


     

    

 


Information
Provider and has been uploaded on to the 17g-5 Information
Provider’s Website or the Master Servicer confirms to the Primary Servicer in writing that it has provided such
information to such Rating Agency in accordance with Section 3.14(f) of the Pooling and Servicing Agreement; or (z)
the Rating Agency confirms in writing that it does not intend to use such information in undertaking credit rating
surveillance with respect to the Certificates.


 


Section
6.20     Notification to Primary Servicer Concerning REO Property


 


The
Master Servicer shall notify the Primary Servicer if any Mortgage Loan or Serviced Companion Loan becomes an REO Loan or if a
related Mortgage Property becomes REO Property.


 


[SIGNATURES
ON NEXT PAGE]


 




     34


     

    

 



IN
WITNESS WHEREOF, the Primary Servicer and the Master Servicer have caused their names to be signed hereto by their respective
officers thereunto duly authorized as of the date first above written.


 


	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 
	 	By:	/s/ Nachette Hadden
	 	 	Name: Nachette Hadden
Title:   Director



 

CFCRE
2016-C4 

Berkeley Point Primary Servicing Agreement


 



    	



     

    

 



IN
WITNESS WHEREOF, the Primary Servicer and the Master Servicer have caused their names to be signed hereto by their respective
officers thereunto duly authorized as of the date first above written.







	 	Berkeley
    Point Capital LLC
	 	 
	 	By:	/s/ Nancy Guanci
	 	 	Name: Nancy Guanci
Title: Vice President
	 	 	 
	 	By:	/s/ Ellen D. Miller
	 	 	Name: Ellen D. Miller
Title: Managing Director







 


CFCRE
2016-C4 

Berkeley Point Primary Servicing Agreement



 



    	



     

    

 


EXHIBIT
A


 


MORTGAGE
LOAN SCHEDULE


 


MORTGAGE
LOANS


 



 


	ID	 	Property
    Name	 	Cut-off
    Date 

    Balance	 	Primary
    Servicing Fee
	 	 	 	 	 	 	 
	3
	 	215
West 34th Street & 218 West 35th Street
	 	$45,000,000
	 	0.00250%

	 	 	 	 	 	 	 
	5
	 	Renaissance
Cincinnati
	 	$34,035,002
	 	0.0200%

	 	 	 	 	 	 	 
	15	 	GSP
    MHP Portfolio II	 	$21,723,756	 	0.0500%
	 	 	 	 	 	 	 
	21	 	Johnson
Crossing & Shops at Westwing
	 	$16,395,000	 	0.0500%
	 	 	 	 	 	 	 
	38	 	Athens
    Sentry Self Storage	 	$6,075,000	 	0.0700%
	 	 	 	 	 	 	 
	44	 	Hurley
    Way	 	$4,490,107	 	0.0700%





 


COMPANION
LOANS


 


	Loan
    Name	 	Cut-off
    Date 

    Balance	 	Primary
    Servicing Fee
	 	 	 	 	 
	215
West 34th Street & 218 West 35th Street
	 	$85,000,000
	 	0.00250%

	 	 	 	 	 
	Renaissance
Cincinnati
	 	$22,690,001
	 	0.0200%



 


    	A-1



     

    

 


EXHIBIT
B


 


PRIMARY
SERVICER’S OFFICER’S CERTIFICATE

CFCRE 2016-C4





 


I,
[__________], hereby certify that I am the duly elected [______________] of Berkeley Point Capital LLC, a [___________] organized
under the laws of the State of [____________] (the “Primary Servicer”) and further as follows:


 


		1.	Attached
                                         hereto as Exhibit 1 is a true, correct and complete copy of the [certificate
                                         of formation][articles of incorporation] of the Primary Servicer which are in full force
                                         and effect on the date hereof and which have been in effect without amendment, waiver,
                                         rescission or modification since January 1, 2009.



 


		2.	Attached
                                         hereto as Exhibit 2 is a true, correct and complete copy of the [organization
                                         document] of the Primary Servicer which are in effect on the date hereof and which have
                                         been in effect without amendment, waiver, rescission or modification since January 2009.



 


		3.	Attached
                                         hereto as Exhibit 3 is an original certificate of good standing of the
                                         Primary Servicer, issued on [May __, 2016], and no event has occurred since the date
                                         thereof which would impair such standing.



 


		4.	Attached
                                         hereto as Exhibit 4 is a true, correct and complete copy of the corporate
                                         resolutions of the Board of Directors of the Primary Servicer authorizing the Primary
                                         Servicer to execute and deliver the Primary Servicing Agreement, dated as of May 1, 2016
                                         (the “Primary Servicing Agreement”), by and between the Primary Servicer
                                         and Wells Fargo Bank, National Association and such resolutions are in effect on the
                                         date hereof and have been in effect without amendment, waiver, rescission or modification
                                         since August 31, 2011.



 


		5.	Either
                                         (i) no consent, approval, authorization or order of any court or governmental agency
                                         or body is required for the execution, delivery and performance by the Primary Servicer
                                         of or compliance by the Primary Servicer with the Primary Servicing Agreement or the
                                         consummation of the transactions contemplated by the Primary Servicing Agreement; or
                                         (ii) any required consent, approval, authorization or order has been obtained by the
                                         Primary Servicer.



 


		6.	Neither
                                         the consummation of the transactions contemplated by, nor the fulfillment of the terms
                                         of the Primary Servicing Agreement, conflicts or will conflict with or results or will
                                         result in a breach of or constitutes or will constitute a default under the charter or
                                         by-laws of the Primary Servicer, the terms of any indenture or other agreement or instrument
                                         to which the Primary Servicer is a party or by which it is bound or to which it is subject,
                                         or any



 






    	B-1



     

    

 





		 	statute or order, rule, regulation, writ, injunction or decree of any court, governmental authority or regulatory body to which
the Primary Servicer is subject or by which it is bound.





 


		7.	There
                                         is no action, suit, proceeding or investigation pending or to the best of my knowledge
                                         threatened against the Primary Servicer which, in our judgment, either in any one instance
                                         or in the aggregate, may result in any material adverse change in the business, operations,
                                         financial conditions, properties or assets of the Primary Servicer or in any material
                                         impairment of the right or ability of the Primary Servicer to carry on its business substantially
                                         as now conducted or in any material liability on the part of the Primary Servicer or
                                         which would draw into question the validity of the Primary Servicing Agreement or of
                                         any action taken or to be taken in connection with the transactions contemplated hereby,
                                         or which would be likely to impair materially the ability of the Primary Servicer to
                                         perform under the terms of the Primary Servicing Agreement.



 


		8.	Each
                                         person listed on Exhibit 5 attached hereto who, as an officer or representative
                                         of the Primary Servicer, signed the Primary Servicing Agreement and any other document
                                         delivered prior hereto or on the date hereof in connection with the Primary Servicing
                                         Agreement, was, at the respective times of such signing and delivery, and is now, a duly
                                         elected or appointed, qualified and acting officer or representative of the Primary Servicer,
                                         who holds the office set forth opposite his or her name on Exhibit 5,
                                         and the signatures of such persons appearing on such documents are their genuine
                                         signatures.



 


		9.	The
                                         Primary Servicer is duly authorized to engage in the transactions described and contemplated
                                         in the Primary Servicing Agreement.



 


IN
WITNESS WHEREOF, I have hereunto signed my name and affixed the seal of the Primary Servicer.


	 	 	 	 
	Dated:	 	 	By	 
	 	 	 	Name:

Title:









 


I,
[____________], an [____________________] of Berkeley Point Capital LLC, hereby certify that [______________] is the duly elected,
qualified and acting Senior Vice President of the Primary Servicer and that the signature appearing above is his genuine signature.


 




IN
WITNESS WHEREOF, I have hereunto signed my name.


 



    	B-2



     

    

 




	Dated:	 	 	By	 
	 	 	 	Name:

Title:








 




    	B-3



     

    

 


EXHIBIT
5

to


 


Primary
Servicer’s Officer’s Certificate





 


	Name	Title	Signature
	 		
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 





 






    	B-4



     

    

 


EXHIBIT
C


 


POOLING
AND SERVICING AGREEMENT


 


Previously
Delivered.


 




    	C-1



     

    

 


EXHIBIT
D


 


[RESERVED]


 




    	D-1



     

    

 




EXHIBIT
E


 


QUARTERLY
SERVICING CERTIFICATION

 


Primary
Servicer:        __________________________________________________   

 


RE:          CFCRE
2016-C4

 


Pursuant
to the Servicing Agreement(s) between Wells Fargo Bank, National Association and the above referenced Primary Servicer, we certify
that with respect to the mortgage loans and companion loans serviced by us for Wells Fargo Bank, National Association that as
of the quarter ending except as otherwise noted below:


 


		·	All
                                         taxes, assessments and other governmental charges levied against the mortgaged premises,
                                         ground rents payable with respect to the mortgaged premises, if any, which would be delinquent
                                         if not paid, have been paid.



 


		·	All
                                         required insurance policies are in full force and effect on the mortgaged premises in
                                         the form and amount and with the coverage required by the loan documents.



 


		·	On
                                         all required insurance policies, the loss payee is in the name of the Trust.



 


		·	All
                                         UCC Financing Statements have been renewed prior to expiration.



 


		·	All
                                         reserves are maintained and disbursed in accordance with the loan documents and no expired
                                         reserves exist.



 


		·	All
                                         letters of credit are transferred to the Trust as beneficiary and are properly renewed.



 


		·	Lockboxes
                                         are being serviced in accordance with loan documents.



 


		·	All
                                         required loan documents, third party reports and underwriting files are complete and
                                         all applicable loan documents have been properly assigned to the Trust.



 





	EXCEPTIONS: 	 
	 	 
	 	 




 





	 	 	 
	Servicing Officer	 	Date



 



    E-1


     


    

 


EXHIBIT F


 


FORM OF ACCOUNT CERTIFICATION

CFCRE 2016-C4


 


Securitization: ___________________________________________________________________________________________________________________


 


Sub Servicer: ___________________________________________________________________________________________________________________


 


	 	________	New Account	________	Change of Account Information
	 	 	 
	Indicate purpose of account (check all that apply):	 	 
	 	 	 
	 	________	Principal & Interest	________	Deposit Clearing
	 	________	Taxes & Insurance	________	Disbursement Clearing
	 	________	Reserves (non-interest bearing)	________	Suspense
	 	________	Reserves (interest bearing)	 	 


 


Account Number: _______________________________________________________________________________________________________________


 


Account Name: _________________________________________________________________________________________________________________


 


Depository Institution (and Branch):


	 	 	 
	   	Name:	___________________________________________________________________________________________________________________
	 	 	 
	 	Street:	___________________________________________________________________________________________________________________


 


	 	 City, State,
    Zip:____________________________________________________________________________________________________________


 


	   	Rating Agency: _____________________________________________	Rating:	_______________________________________________________


 


Please note that the name of the account must follow the guideline
specifications detailed in the applicable agreement.


 


Prepared by: ____________________________________________________________________________________________________________________


 


Signature: ______________________________________________________________________________________________________________________


 


Title: __________________________________________________________________________________________________________________________


 


Date: __________________________________________________________________________________________________________________________


	 	 	 
	Telephone: _________________________________________________________	 	Fax: ______________________________________________


 



    	F-1



    	 



    

 


EXHIBIT G


 


FORM OF COLLECTION REPORT


 


CFCRE 2016-C4


 


Month of________



 





	

 1	

 2	

 3	

4	

5	

6	

7	

8	

9	

10	

11	

12	

13	

14	

15	

16	

17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34	35	36	37	38	39
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub

Serv ID  	Master

Servicer

Loan#

	Sub-Servicer
Loan#  	Prosp

ID 	Sched

Due

Date	Begin Balance Prior to

Pmt

	Ending
Balance After Pmt	Paid
Thru Date	Current
Note Rate	Sub-

Servicer 

Fee Rate	Sched
Prin Pmt	Sched
Int Pmt	Sched
P&I Amount	Sched
Sub- Serv Fee	Sched
Addl Sub- Sub Fee  	Neg
Am/

Deferred Int Amount	Unsched
Principal Rec’d  	Other
Principal Adjust  	Other
Interest Adjust  	Liq/
Prepmt Date  	Prepmt
Penalty / YM Rec’d	Prepmt
Int Exc/Short	Liq/
Prepmt Code	T&I Advances O/S

	Pmt Eff Date Recd

	Actual Principal Rec’d

	Actual
(Gross) Interest Rec’d	Actual
Sub- Servicer Fee Paid	Addl
Sub-Sub Fee Paid	Actual
(Net) Interest Rec’d 	Late
Charges Rec’d 	Default
Interest Rec’d 	Assum
Fees Rec’d 	Addl
Fees Rec’d 	Remittance
Amount 	Actual
Loan Balance 	Total
Reserve Balance 	Pmt
Loan Status 	Comments
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	0.00	0.00	 	0.00	 	0.00	0.00	0.00	 	 	0.00	0.00	0.00	0.00	0.00	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	NET
REMIT

TO MS	-	 	 	 	 


 



    	G-1



    	 



    

 



EXHIBIT H


 


FORM OF CERTIFICATE OF INSURANCE








	Primary Servicer: 	 	 





 


	RE:	CFCRE 2016-C4



 


Pursuant to the Primary Servicing Agreement(s)
between Wells Fargo Bank, National Association and the above-named Primary Servicer, we certify with respect to the Mortgage Loans
and Serviced Companion Loans serviced by us for Wells Fargo Bank, National Association that all required insurance policies are
in full force and effect on the mortgaged premises in the form and amount and with the coverage required by the Servicing Agreement(s).


 


	Servicing Officer	 	Date





 



    	H-1



    	 



    

 





EXHIBIT I


 


NEW LEASE INFORMATION 


	 	 	 	 	 	 
	Loan #	 	Property Type:	 	Tenant:	 






	 	 
	Property Name/Address:	 




	 	 	 	 	 	 
	Term (Years, Months):	 	Sq Ft Gross Rentable:	 	Net Rentable	 



	 	 	 	 
	Begin Lease Date:	 	 	Retail



	 	 	 	 
	End Lease Date:	 	 	Office



	 	 	 	 
	Occupancy Date (if diff):	 	 	Other



 


	 	 	 	 
	Minimum Rent 	 	 	(S/SF/YR)






	 	 	 	 	 	 
	 	 	(Mo/Yr)	Escalation:	CPI	Other
	Change to	on	 	 	 	 
	Change to	on	 	 	 	 
	Change to	on	 	 	 	 
	Change to	on	 	 	 	 


 


Percentage Rent 




	 	 	 	 
	% Amount	For 	% Rent Due:	 
	 	For	 	Monthly
	 	Up to	 	Quarterly
	 	Up to	 	Annually




	 	 	 	 
	Breakpoint	(S/Yr)  	Sales Report Due:	 
	 	 	 	 	 




	 	 	(Mo/Yr)	 
	Change to	  on	 	Monthly
	Change to	  on	 	Quarterly
	Change to	  on	 	Annually


 


Recoveries 


	 	 	 	 	 
	Taxes	 	 	Per	 



	 	 	 	 	 
	Insurance	 	 	Per	 




	 	 	 	 	 
	Cam	 	 	Per	 



	 	 	 	 	 
	HVAC	 	 	Per	 




	 	 	 	 	 
	Adver/Promo	 	 	Per	 



	 	 	 	 	 
	 	 	 	Per	 


	 	 	 	 	 
	 	 	 	Per	 



 	 	 	 	 	 
	Management	 	 	Per	 


  




    	I-1



    	 



    

 


Renewal Options 


	 	 	 	 	 
	Term	 	 	SF	 




	 	 	 	 	 
	Minimum rent	 	 	Gross Rentable	 




	 	 	 	 	 
	% Rent	 	 	Net Rentable	 


 


Landlord Costs




	 	 	 
	 	 Alterations:	 




	 	 	 
	 	   Commissions: 	 




	 	 	 
	 	   Moving Allowances:	 




	 	 	 
	 	 Buyout Clauses:	 




	 	 	 
	 	Other:	 



	 	 
	Building Insurance Requirements
	 	Tenant maintains fire & ED on building(s); will need coverage to renew

Does not furnish building coverage

General liability naming landlord mortgagee as additional insured; will need 

coverage for 

review

General liability without mentioning landlord’s mortgagee; do not need coverage
	 	 
	Waiver of Subrogation
	 	
        N/A

Mutual; will need endorsement

Landlord only; will need endorsement

Tenant only; do not need endorsement

	 	 
	Comments:
	 	 
	Attachments:	 
	 	Original Lease

Original Subordination Agreement



 



    	I-2



    	 



    



 


EXHIBIT J


 


MONTHLY ACCOUNTS CERTIFICATION


 


	Primary Servicer:	 	 





 


	RE:	CFCRE 2016-C4



 


Pursuant to the Servicing Agreement(s)
between Wells Fargo Bank, National Association and the above named Primary Servicer, I certify with respect to each transaction
serviced by us, as noted above, for Wells Fargo Bank, National Association that as of the last day of the calendar month immediately
preceding the month in which this certificate is dated, all collection accounts and servicing accounts have been properly reconciled
and the reconciliations have been reviewed and approved by Primary Servicer’s management, except as otherwise noted below:


 


	EXCEPTIONS: 	 
	

                                                  
	 
	

                                                  
	 










 


	Servicing Officer	 	Date