EXHIBIT 33.4



MANAGEMENT’S
ASSERTION OF COMPLIANCE



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



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



Applicable Servicing Criteria: All servicing criteria
set forth in Item 1122(d), to the extent required by Item 1122(d) servicing criteria in regards to the activities performed by
the Company with respect to the Platform as to any transaction, except for the following criteria: 1122(d)(4)(iv) – 1122(d)(4)(xiv),
which management has determined are not applicable to the activities the Company performs with respect to the Platform (the “Applicable
Servicing Criteria”). With respect to Applicable Servicing Criteria 1122(d)(1)(ii), 1122(d)(1)(iii), 1122(d)(2)(iii) and
1122(d)(4)(iii) there were no activities performed during the year ended December 31, 2015 with respect to the Platform, because
there were no occurrences of events that would require the Company to perform such activities.



Period: Year ended December 31, 2015 (the “Period”).



Management's interpretation of Applicable Servicing Criteria:
The Company’s management has determined that servicing criterion 1122(d)(1)(iii) is applicable only with respect to its continuing
obligation to act as, or locate a, successor servicer under the circumstances referred to in certain transaction agreements. It
is management's interpretation that the Company has no other active back-up servicing responsibilities in regards to servicing
criterion 1122(d)(1)(iii) as of and for the Period. The Company’s management has determined that servicing criterion 1122(d)(1)(v)
is applicable to the activities the Company performs with respect to the Platform for all transactions in the Platform, including
those issued on or before November 23, 2015 for which compliance was previously assessed under other servicing criteria in accordance
with the SEC Division of Corporation Finance’s Manual of Publicly Available Interpretations on Regulation AB and Related
Rules, Interpretation 11.03, as applicable, as of and for the Period; provided further that, Management has determined that
servicing criterion 1122(d)(1)(v) is applicable only to the activities the Company performs related to the mathematically accurate
aggregation of information received from servicers and the accurate conveyance of such information within reports to investors.
The Company’s management has determined that servicing criterion 1122(d)(4)(iii) is applicable to the activities the Company
performs with respect to the Platform only as it relates to the Company’s obligation to report additions, removals or substitutions
on reports to investors in accordance with the transaction agreements.



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



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











| | DEUTSCHE BANK NATIONAL TRUST COMPANY
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| | DEUTSCHE BANK TRUST COMPANY AMERICAS
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Dated: February 26, 2016