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Management's Assertion

Report on Assessment of Compliance with Applicable
Servicing Criteria

U.S. Bank National Association (“U.S. Bank”) is
responsible for assessing compliance as of and for the year ended December 31, 2018 with the servicing criteria set forth in Item
1122 (d) of Regulation AB applicable to it as set forth on Exhibit A hereto. This report covers asset backed securities transactions
within the U.S. Bank Corporate Trust Asset-Backed Securities Platform1 (the
“Platform”)

U.S. Bank hereby provides the following report on its assessment
of compliance with the servicing criteria set forth in Item 1122 of Regulation AB applicable to it and as described on Exhibit
A hereto:

| | 1. | U.S. Bank is responsible for assessing its compliance with the servicing criteria applicable to
it as noted on the accompanying Exhibit A;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | Except as set forth in paragraph 3 below, U.S. Bank used the criteria set forth in paragraph (d) of Item 1122 of Regulation
AB to assess its compliance with the applicable servicing criteria;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3. | The criteria listed in the column titled “Inapplicable Servicing Criteria” on Exhibit
A hereto are inapplicable to U.S. Bank based on the servicing activities it performs directly with respect to the Platform;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | U.S. Bank has complied, in all material respects, with the applicable servicing
criteria as of and for the year ended December 31, 2018; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------

| | 5. | Ernst & Young, LLP, a registered public accounting firm, has issued
an attestation report on U.S. Bank’s assessment of compliance with the applicable servicing criteria as of and for the year
ended December 31, 2018.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Date: February 28, 2019






1 The
U.S. Bank Corporate Trust Asset-Backed Securities Platform (the "Platform") consists of the activities involved in the
performance of servicing functions for which the Company provides document custody services for (i) publicly issued asset-backed
and mortgage-backed transactions the securities of which were offered on or after January 1, 2006 and (ii) certain asset-backed
transactions for which the Issuer has voluntarily elected to make Regulation AB compliant filings under the Securities Exchange
Act of 1934, as amended.

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EXHIBIT A to Management’s Assertion





|Reference                          | Servicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Applicable Servicing Criteria | Inapplicable Servicing
 Criteria
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | --------------------------------
|General Servicing Considerations  
|1122(d)(1)(i)                      | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                               | X                               
|1122(d)(1)(ii)                     | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | X[1]                          |                                 
|1122(d)(1)(iii)                    | Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are maintained.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                               | X                               
|1122(d)(1)(iv)                     | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | X                             |                                 
|1122(d)(1)(v)                      | Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                               | X                               
|Cash Collection and Administration
|1122(d)(2)(i)                      | Payments on pool assets are deposited into the appropriate custodial bank
        accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified
        in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                               | X                               
|1122(d)(2)(ii)                     | Disbursements made via wire transfer on behalf of an obligor or to an investor
        are made only by authorized personnel.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                               | X                               
|1122(d)(2)(iii)                    | Advances of funds or guarantees regarding collections, cash flows or distributions,
        and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                               | X                               
|1122(d)(2)(iv)                     | The related accounts for the transaction, such as cash reserve accounts or
        accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash)
        as set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               | X                               
|1122(d)(2)(v)                      | Each custodial account is maintained at a federally insured depository institution
        as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution”
        with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1)
        of the Securities Exchange Act.                                                                                                                                                                                                                                                                                                                                      |                               | X                               
|1122(d)(2)(vi)                     | Unissued checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                               | X                               
|1122(d)(2)(vii)                    | Reconciliations are prepared on a monthly basis for all asset-backed securities
        related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically
        accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in
        the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D)
        contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification,
        or such other number of days specified in the transaction agreements. |                               | X                               








2No servicing activities were performed by the Company that required the servicing criteria to be complied with Corporate
Trust ABS Platform (C)

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|Reference                          | Servicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Applicable Servicing Criteria | Inapplicable Servicing 
Criteria
|---------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | --------------------------------
|Investor Remittances and Reporting
|1122(d)(3)(i)                      | Reports to investors, including those to be filed with the Commission, are
        maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A)
        are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated
        in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules
        and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and
        number of Pool Assets serviced by the Servicer. |                               | X                               
|1122(d)(3)(ii)                     | Amounts due to investors are allocated and remitted in accordance with timeframes,
        distribution priority and other terms set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               | X                               
|1122(d)(3)(iii)                    | Disbursements made to an investor are posted within two business days to
        the Servicer’s investor records, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                               | X                               
|1122(d)(3)(iv)                     | Amounts remitted to investors per the investor reports agree with cancelled
        checks, or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                               | X                               
|Pool Asset Administration         
|1122(d)(4)(i)                      | Collateral or security on pool assets is maintained as required by the transaction
        agreements or related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | X                             |                                 
|1122(d)(4)(ii)                     | Pool assets and related documents are safeguarded as required by the transaction
        agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | X                             |                                 
|1122(d)(4)(iii)                    | Any additions, removals or substitutions to the asset pool are made, reviewed
        and approved in accordance with any conditions or requirements in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | X                             |                                 
|1122(d)(4)(iv)                     | Payments on pool assets, including any payoffs, made in accordance with the
        related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after
        receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items
        (e.g., escrow) in accordance with the related pool asset documents.                                                                                                                                                                                                                                                            |                               | X                               
|1122(d)(4)(v)                      | The Servicer’s records regarding the pool assets agree with the Servicer’s
        records with respect to an obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                               | X                               
|1122(d)(4)(vi)                     | Changes with respect to the terms or status of an obligor's pool assets (e.g.,
        loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements
        and related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                         |                               | X                               
|1122(d)(4)(vii)                    | Loss mitigation or recovery actions (e.g., forbearance plans, modifications
        and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance
        with the timeframes or other requirements established by the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                          |                               | X                               



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|Reference        | Servicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Applicable Servicing Criteria | Inapplicable Servicing 
Criteria
|---------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | --------------------------------
|1122(d)(4)(viii) | Records documenting collection efforts are maintained during the period a
        pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis,
        or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent
        pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary
        (e.g., illness or unemployment).                                                                        |                               | X                               
|1122(d)(4)(ix)   | Adjustments to interest rates or rates of return for pool assets with variable
        rates are computed based on the related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                               | X                               
|1122(d)(4)(x)    | Regarding any funds held in trust for an obligor (such as escrow accounts):
        (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such
        other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance
        with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of
        full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |                               | X                               
|1122(d)(4)(xi)   | Payments made on behalf of an obligor (such as tax or insurance payments)
        are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments,
        provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number
        of days specified in the transaction agreements.                                                                                                                                                                                               |                               | X                               
|1122(d)(4)(xii)  | Any late payment penalties in connection with any payment to be made on behalf
        of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s
        error or omission.                                                                                                                                                                                                                                                                                                                                                                   |                               | X                               
|1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are posted within two business
        days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                     |                               | X                               
|1122(d)(4)(xiv)  | Delinquencies, charge-offs and uncollectible accounts are recognized and
        recorded in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                               | X                               
|1122(d)(4)(xv)   | Any external enhancement or other support, identified in Item 1114(a)(1)
        through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                 |                               | X                               







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