<PAGE>

                                                                 Exhibit 99.2(i)
[PRICEWATERHOUSECOOPERS LOGO]
                                                      PricewaterhouseCoopers LLP
                                                      160 Federal Street
                                                      Boston, MA 02110
                                                      Telephone (617)439 4390

                        Report if Independent Accountants

To the Board of Directors and Stockholder
of Chase Commercial Mortgage Banking Corporation

We have examined management's assertion about Chase Commercial Mortgage Group of
The Chase Manhattan Bank (the "Company") compliance with the minimum servicing
standards ("standards") identified in the Mortgage Banker's Association of
America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of
and for the year ended December 31, 1999 included in the accompanying management
assertion (see Exhibit 1). Management is responsible for the Company's
compliance with those minimum servicing standards. Our responsibility is to
express an opinion on management's assertion about the entity's compliance based
on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
standards and performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal determination on the
Company's compliance with the standards.

In our opinion, management's assertion that, except for an instance of
noncompliance described in management's assertion, the Company complied with the
aforementioned applicable standards as of and for the year ended December 31,
1999 is fairly stated, in all material respects.

The instance of noncompliance which occurred during 1999 is more fully discussed
in management's assertion which is set forth in Exhibit 1.

/s/ PricewaterhouseCoopers LLP
------------------------------
March 20, 2000

<PAGE>

                                  [CHASE Logo]

                                                                       Exhibit 1

                              Management Assertion

March 20, 2000

As of and for the year ended December 31, 1999 except as specifically noted
below, Chase Commercial Mortgage Group of Chase Manhattan Bank ("the Company")
has compiled in al material respects with the minimum servicing standards ("the
Standard(s)") set forth in the Mortgage Bankers Association of America's Uniform
Single Attestation Program for Mortgage Bankers (USAP).

o    Standard: Custodial bank account and related bank clearing account
     reconciliations shall be reviewed within forty-five (45) calendar days
     after the cutoff date.

The Company's custodial accounts and related bank clearing accounts were not
consistently reviewed during 1999. No other errors were noted related to the
custodial and clearing accounts. Management has taken steps to enhance
procedures and controls surrounding the reconciliation process, including the
establishment of a formal review process by someone other than the preparer.

As of and for the same period the Company had in effect fidelity bond and errors
and omissions policies in the amounts of $3,250, 000,000 and of $325,000,000
respectively.

/s/ William Barry
-------------------------------
William Barry
Controller

/s/ Janice Smith
-------------------------------
Janice Smith
Vice President - Loan Servicing

<PAGE>

[Deloitte & Touche Logo]


                   DELOITTE & TOUCHE LLP              Telephone: (305) 358-4141
                   Certified Public Accountants       Facsimile:  (305) 372-3160
                   Suite 400
                   200 South Biscayne Boulevard
                   Miami, Florida 33131-2310


INDEPENDENT ACCOUNT'S REPORT

To the Board of Directors of
  Lennar Partners, Inc.:

We have examined management's assertion about Lennar Partners, Inc.'s (the
"Company") compliance with the minimum servicing standards identified in the
Mortgage Banker's Association of America's Uniform Single Attestation Program
for Mortgage Bankers (USAP) as applicable to the special servicing of commercial
and multifamily mortgage loans as of and for the year ended December 31, 1999
included in the accompanying management assertion. Management is responsible for
the Company's compliance with those applicable minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about the
entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
applicable minimum servicing standards and performing such other procedures as
we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the applicable minimum
servicing standards.

In our opinion, management's assertion that the Company complied with the
aforementioned applicable minimum servicing standards as of and for the year
ended December 31, 1999 is fairly stated, in all material respects.



/s/ Deloitte & Touche LLP
-------------------------
March 1, 2000

<

<PAGE>

                                                               Exhibit 99.2(iii)
[Deloitte & Touche Logo]

                            Deloitte & Touche LLP      Telephone: (214) 777-7000
                            Suite 1600
                            Chase Tower
                            2200 Ross Avenue
                            Dallas Texas75201-6778


INDEPENDENT ACCOUNTANTS' REPORT


To the Board of Directors of AMRESCO Management, Inc.:

We have examined the accompanying management assertion that AMRESCO Management,
Inc. (the "Company") (a wholly owned subsidiary of AMRESCO, INC.) complied with
the minimum servicing standards identified in the Mortgage Bankers Association
of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP")
(see attached Appendix) as of and for the year ended December 31, 1999.
Management is responsible for the Company's compliance with those requirements.
Our responsibility is to express an opinion on management's assertion about the
Company's compliance based on our examination.

Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the Company's
compliance with the minimum servicing standards and performing such other
procedures as we considered necessary in the circumstances. We believe that our
examination provides a reasonable basis for our opinion. Our examination does
not provide a legal determination on the Company's compliance with the minimum
servicing standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 1999, is fairly stated, in all material respects.



/s/ Deloitte & Touche LLP

February 28, 2000

<PAGE>

                                                                        APPENDIX

                            AMRESCO MANAGEMENT, INC.

                   SERVICING STANDARDS OF THE MORTGAGE BANKERS
                     ASSOCIATION OF AMERICA'S UNIFORM SINGLE
                    ATTESTATION PROGRAM FOR MORTCAGE BANKERS


I.       CUSTODIAL BANK ACCOUNTS

         1.       Reconciliations shall be prepared on a monthly basis for all
                  custodial bank accounts and related bank clearing accounts.
                  These reconciliations shall:

                  o        Be mathematically accurate;

                  o        Be prepared within 45 calendar days after the cutoff
                           date;

                  o        Be reviewed and approved by someone other than the
                           person who prepared the reconciliation; and

                  o        Document explanations for reconciling items. These
                           reconciling items shall be resolved within 90
                           calendar days of their original identification.

         2.       Funds of the servicing entity shall be advanced in cases where
                  there is an overdraft in an investor's or a mortgagor's
                  account.

         3.       Each custodial account shall be maintained at a federally
                  insured depository institution in trust for the applicable
                  investor.

         4.       Escrow funds held in trust for a mortgagor shall be returned
                  to the mortgagor within 30 calendar days of payoff of the
                  mortgage loan.

II.      MORTGAGE PAYMENTS

         1.       Scheduled mortgage payments shall be deposited into the
                  custodial bank accounts and related bank clearing accounts
                  within two business days of receipt.

         2.       Scheduled mortgage payments made in accordance with the
                  mortgagor's loan documents shall be posted to the applicable
                  mortgagor records within two business days of receipt.

         3.       Scheduled mortgage payments shall be allocated to principal,
                  interest, insurance, taxes or other escrow items in accordance
                  with the mortgagor's loan documents.

         4.       Mortgage payments identified as loan payoffs or other
                  nonscheduled payments shall be allocated in accordance with
                  the mortgagor's loan documents.

<PAGE>

III.     DISBURSEMENTS

         1.       Disbursements made via wire transfer on behalf of a mortgagor
                  or investor shall be made only by authorized personnel.

         2.       Disbursements made on behalf of a mortgagor or investor shall
                  be posted within two business days to the mortgagor's or
                  investor's records maintained by the servicing entity.

         3.       Tax and insurance payments shall be made on or before the
                  penalty or insurance policy expiration dates, as indicated on
                  tax bills and insurance premium notices, respectively,
                  provided that such support has been received by the servicing
                  entity at least 30 calendar days prior to these dates.

         4.       Any late payment penalties paid in conjunction with the
                  payment of any tax bill or insurance premium notice shall be
                  paid from the servicing entity's funds and not charged to the
                  mortgagor, unless the late payment was due to the mortgagor's
                  error or omission.

         5.       Amounts remitted to investors per the servicer's investor
                  reports shall agree with canceled checks, or other form of
                  payment, or custodial bank statements.

         6.       Unused checks shall be safeguarded so as to prevent
                  unauthorized access.

IV.      INVESTOR ACCOUNTING AND REPORTING

         1.       The servicing entity's investor reports shall agree with, or
                  reconcile to, investors records on a monthly basis as to the
                  total unpaid principal balance and number of loans serviced by
                  the servicing entity.

V.       MORTGAGOR LOAN ACCOUNTING

         1.       The servicing entity's mortgage loan records shall agree with,
                  or reconcile to, the records of mortgagors with respect to the
                  unpaid principal balance on a monthly basis.

         2.       Adjustments on ARM loans shall be computed based on the
                  related mortgage note and any ARM rider.

         3.       Escrow accounts shall be analyzed, in accordance with the
                  mortgagor's loan documents, on an annual basis or as required
                  by the servicing agreement.

         4.       Interest on escrow accounts shall be paid, or credited, to
                  mortgagors in accordance with the servicing agreements.

VI.      DELINQUENCIES

         1.       Records documenting collection efforts shall be maintained
                  during the period a loan is in default and shall be updated at
                  least monthly. Such records shall describe the entity's
                  activities in monitoring delinquent loans, including phone
                  calls, letters and mortgage payment rescheduling plans.

<PAGE>

VII.     INSURANCE POLICIES

         1.       A fidelity bond and errors and omissions policy shall be in
                  effect on the servicing entity throughout the reporting period
                  in the amount of coverage represented to investors in
                  management's assertion.

<PAGE>

                              [A M R E S C O Logo]




February 28, 2000




Deloitte & Touche LLP
Chase Tower
2200 Ross Avenue, Suite 1600
Dallas, Texas 75201

Dear Sirs:

As of and for the year ended December 31, 1999, AMRESCO Management, Inc. (a
wholly owned subsidiary of AMRESCO, Inc.), has complied in all material respects
with the minimum servicing standards of the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers (USAP) set
forth in the Appendix A.

A list of the portfolios covered by this representation is included in
Appendix B.

For the period January 1, 1999 through December 30, 1999 AMRESCO Management,
Inc. had in effect a fidelity bond in the amount of $43,000,000, errors and
omissions liability coverage in the amount of $10,000,000, and mortgage
impairment protection in the amount of $43,000,000. Beginning December 31, 1999,
AMRESCO Management, Inc. increased its coverage, resulting in a fidelity bond in
the amount of $52,000,000, and mortgage impairment protection in the amount of
$52,000,000. Errors and omissions liability coverage remained at $10,000,000.00.



/s/ Ron Kirkland                                     /s/ Elaine Miller
---------------------------------------              ------------------------
Ron Kirkland, Senior Vice President and              Elaine Miller
Chief Accounting Officer                             Director, Loan Servicing
AMRESCO, INC.                                        AMRESCO, INC.





                                  AMRESCO INC.
           700 North Pearl Street o Suite 2400 o LB 342 o Dallas Texas
                             75201-7424 214-953.7700
                             http://www amresco.com

<PAGE>

                                                                      APPENDIX A

                            AMRESCO MANAGEMENT, INC.
             SERVICING STANDARDS OF THE MORTGAGE BANKERS ASSOCIATION
                 OF AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM
                              FOR MORTGAGE BANKERS


I.       CUSTODIAL BANK ACCOUNTS

         1.       Reconciliations shall be prepared on a monthly basis for all
                  custodial bank accounts and related bank clearing accounts.
                  These reconciliations shall:

                  o        be mathematically accurate;

                  o        be prepared within forty-five (45) calendar days
                           after the cutoff date;

                  o        be reviewed and approved by someone other than the
                           person who prepared the reconciliation; and

                  o        document explanations for reconciling items. These
                           reconciling items shall be resolved within ninety
                           (90) calendar days of their original identification.

         2.       Funds of the servicing entity shall be advanced in cases where
                  there is an overdraft in an investor's or a mortgagor's
                  account.

         3.       Each custodial account shall be maintained at a federally
                  insured depository institution in trust for the applicable
                  investor.

         4.       Escrow funds held in trust for a mortgagor shall be returned
                  to the mortgagor within thirty (30) calendar days of payoff of
                  the mortgage loan.

II.      MORTGAGE PAYMENTS

         1.       Scheduled mortgage payments shall be deposited into the
                  custodial bank accounts and related bank clearing accounts
                  within two business days of receipt.

         2.       Scheduled mortgage payments made in accordance with the
                  mortgagor's loan documents shall be posted to the applicable
                  mortgagor records within two business days of receipt.

         3.       Scheduled mortgage payments shall be allocated to principal,
                  interest, insurance, taxes or other escrow items in accordance
                  with the mortgagor's loan documents.

         4.       Mortgage payments identif1ed as loan payoffs or other
                  nonscheduled payments shall be allocated in accordance with
                  the mortgagor's loan documents.

III.     DISBURSEMENTS

         1.       Disbursements made via wire transfer on behalf of a mortgagor
                  or investor shall be made only by authorized personnel.

         2.       Disbursements made on behalf of a mortgagor or investor shall
                  be posted within two business days to the mortgagor's or
                  investor's records maintained by the servicing entity.

         3.       Tax and insurance payments shall be made on or before the
                  penalty or insurance policy expiration dates, as indicated on
                  tax bills and insurance premium notices, respectively,
                  provided that such

<PAGE>

                  support has been received by the servicing entity at least
                  thirty (30) calendar days prior to these dates.

         4.       Any late payment penalties paid in conjunction with the
                  payment of any tax bill or insurance premium notice shall be
                  paid from the servicing entity's funds and not charged to the
                  mortgagor, unless the late payment was due to the mortgagor's
                  error or omission.

         5.       Amounts remitted to investors per the servicer's investor
                  reports shall agree with cancelled checks, or other form of
                  payment, or custodial bank statements.

         6.       Unused checks shall be safeguarded so as to prevent
                  unauthorized access

IV.      INVESTOR ACCOUNTING AND REPORTING

         1. The servicing entity's investor reports shall agree with, or
reconcile to, investors' records on a monthly basis as to the total unpaid
principal balance and number of loans serviced by the servicing entity.

V.       MORTGAGOR LOAN ACCOUNTING

         1.       The servicing entity's mortgage loan records shall agree with,
                  or reconcile to, the records of mortgagors with respect to the
                  unpaid principal balance on a monthly basis.

         2.       Adjustments on ARM loans shall be computed based on the
                  related mortgage note and any ARM rider.

         3.       Escrow accounts shall be analyzed, in accordance with the
                  mortgagor's loan documents, on an annual basis or as required
                  by the servicing agreement.

         4.       Interest on escrow accounts shall be paid, or credited, to
                  mortgagors in accordance with the servicing agreements

VI.      DELINQUENCIES

         1.       Records documenting collection efforts shall be maintained
                  during the period a loan is in default and shall be updated at
                  least monthly. Such records shall describe the entity's
                  activities in monitoring delinquent loans including, for
                  example, phone calls, letters and mortgage payments
                  rescheduling plans.

VII.     INSURANCE POLICIES

         1.       A fidelity bond and errors and omissions policy shall be in
                  effect on the servicing entity throughout the reporting period
                  in the amount of coverage represented to investors in
                  management's assertion.

<PAGE>
                                   APPENDIX B

--------------------------------------------------------------------------------
Contract Date          Portfolio                     Trustee
--------------------------------------------------------------------------------
18-May-94      Cal Fed/ARGO Partnership, L.P.    O'Connnor Group
--------------------------------------------------------------------------------
17-Jun-94      AB Holdings I, L.L.C.             O'Connor Group
--------------------------------------------------------------------------------
01-Jun-94      BCS/Centerbank                    Cargill
--------------------------------------------------------------------------------
31-Jan-94      RTC Mortgage Trust 1994-NI        Bankers Trust/Sterling & RTC
--------------------------------------------------------------------------------
15-Dec-94      RTC Mortgage Trust 1994-N2        Bankers Trust/Sterling & RTC
--------------------------------------------------------------------------------
05-Oct-93      RTC Mortgage Trust 1993-N3        Bankers Trust/Sterling & RTC
--------------------------------------------------------------------------------
09-Jun-95      CS First Boston                   First Boston
--------------------------------------------------------------------------------
09-Jun-95      Praediurn Pacific                 First Boston/Praediurn Pacific
--------------------------------------------------------------------------------
29-Nov-94      ACP Mortgage, L.P.                O'Connor Group
--------------------------------------------------------------------------------
01-Apr-94      1994-MI (Brazos Partners)         State Street Bank & Trust
--------------------------------------------------------------------------------
15-Mar-93      1988-NB (NationsBank)             Bank of New York
--------------------------------------------------------------------------------
01-Aug-91      1991-MI (RTC/FDIC)                State Street Bank & Trust
--------------------------------------------------------------------------------
01-Nov-91      1991-MS (RTC/FDIC)                State Street Bank & Trust
--------------------------------------------------------------------------------
01-Feb-92      1992-CI (RTC/FDIC)                Chemical Bank
--------------------------------------------------------------------------------
01-Ju1-92      1992CS(RTC/FDIC)                  Bank of America
--------------------------------------------------------------------------------
01-Oct-92      1992-CHF (RTC/FDIC)               Bank of America
--------------------------------------------------------------------------------
01-Mar-93      1993-C2 (RTC/FDIC)                State Street Bank & Trust
--------------------------------------------------------------------------------
01 -Nov-94     1994-C2 (RTC/FDIC)                First National Bank of Chicago
--------------------------------------------------------------------------------
01-Jul-95      1995-CI (JP Morgan)               State Street Bank & Trust
--------------------------------------------------------------------------------
01-Jan-96      1996-C2 (JP Morgan)               State Street Bank & Trust
--------------------------------------------------------------------------------
01-May-96      1996-1 (NationsLink)              Chase Manhattan Bank
--------------------------------------------------------------------------------
01 -Aug-96     1996-PML (Penn Mutual)            LaSalle National Bank
--------------------------------------------------------------------------------
01-Mar-96      Nomura 1996 D-2                   LaSalle National Bank
--------------------------------------------------------------------------------
27-Mar-97      Nomura 1997-D4                    LaSalle National Bank
--------------------------------------------------------------------------------
01-Jun-97      MSCI 1997-HFI                     LaSalle National Bank
--------------------------------------------------------------------------------
I l-Aug-97     GSM 1997-GLI                      LaSalle National Bank
--------------------------------------------------------------------------------
01-Sep-97      SASCO 1997-CI                     LaSalle National Bank
--------------------------------------------------------------------------------
24-Oct-97      Nomura 1997-D5                    LaSalle National Bank
--------------------------------------------------------------------------------
01-Nov-97      CSFB 1997-PSI                     State Street Bank & Trust
--------------------------------------------------------------------------------
04-Feb-98      Nomura 1998-ST I                  LaSalle National Bank
--------------------------------------------------------------------------------
01-ADr-98      SASCO 1998-C2                     LaSalle National Bank
--------------------------------------------------------------------------------
15-May-98      GS 1998-GSFL                      LaSalle National Bank
--------------------------------------------------------------------------------
01-Oct-98      CSFB 1998-PS2                     State Street Bank & Trust
--------------------------------------------------------------------------------
01-Jun-98      Bear Stearns 1998-CI              LaSalle National Bank
--------------------------------------------------------------------------------
01-Sep-97      JPMC 1997-C5                      LaSalle National Bank
--------------------------------------------------------------------------------
01-Jun-97      ACMF 1997-Cl                      LaSalle National Bank
--------------------------------------------------------------------------------
01-Jun-97      CCMSC 1997-1                      LaSalle National Bank
--------------------------------------------------------------------------------
11-Sep-98      CAPCO 1988-D7                     LaSalle National Bank
--------------------------------------------------------------------------------
01-Mar-98      Merrill Lynch 98-C2               Norwest Bank Minnesota
--------------------------------------------------------------------------------
01-Sep-98      Artesia 98-CI                     LaSalle National Bank
--------------------------------------------------------------------------------


<PAGE>

                                                                 Exhibit 99.2(v)
[PRICEWATERHOUSECOOPERS LOGO]
                                                      PricewaterhouseCoopers LLP
                                                      160 Federal Street
                                                      Boston MA 02110
                                                      Telephone (617) 439 4390



                        Report of Independent Accountants

To ORIX Real Estate Capital Markets, LLC:

We have examined the accompanying management assertion about ORIX Real Estate
Capital Markets, LLC ("ORECM") compliance with the minimum servicing standards
identified in the Mortgage Bankers Association of America's Uniform Single
Attestation Program for Mortgage Bankers ("USAP") (except, for commercial loan
and multifamily loan servicing, minimum servicing standards V.4 and VI.1, which
the Mortgage Bankers Association has interpreted as inapplicable to such
servicing) as of and for the year ended December 31, 1999 included in the
accompanying management assertion. Management is responsible for the ORECM's
compliance with those minimum servicing standards. Our responsibility is to
express an opinion on management's assertion about the entity's compliance based
on our examination.

Our examination was made in accordance with the standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the ORECM's compliance with the
minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the ORECM's compliance with the minimum servicing
standards.

In our opinion, management's assertion that the ORCEM complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 1999 is fairly stated, in all material respects.


/s/PricewaterhouseCoopers LLP
-----------------------------
February 18, 2000

<
<PAGE>

                                                                Exhibit 99.2(vi)
[PRICEWATERHOUSECOOPERS LOGO]

                                                      PricewaterhouseCoopers LLP
                                                      160 Federal Street
                                                      Boston MA 02110
                                                      Telephone (617) 439 4390



                        Report of Independent Accountants



February 29, 2000

To the Board of Directors and Shareholder of
GMAC Commercial Mortgage Corporation

We have examined the accompanying management assertion, dated February 29, 2000,
about GMAC Commercial Mortgage Corporation's (the "Company") compliance with its
established minimum servicing standards ("Servicing Policy") as of and for the
year ended December 31, 1999. Management is responsible for the Company's
compliance with the Servicing Policy. Our responsibility is to express an
opinion on management's assertion about the Company's compliance based on our
examination.

Our examination was made in accordance with the standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
Servicing Policy and performing such other procedures as we considered necessary
in the circumstances. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal determination on
the Company's compliance with the Servicing Policy.

In our opinion, management's assertion that the Company complied with the
aforementioned Servicing Policy as of and for the year ended December 31, 1999
is fairly stated, in all material respects.


/s/PricewaterhouseCoopers LLP
-----------------------------



<PAGE>

                                                               Exhibit 99.2(vii)
[KPMG Letterhead]
401 South Tryon Street
Suite 2300
Charlotte, NC 28202-1911



                         Independent Accountants' Report



The Board of Directors
First Union National Bank:

We have examined management's assertion, included in the accompanying management
assertion, that First Union National Bank (the Bank) complied with the minimum
servicing standards set forth in the Mortgage Bankers Association of America's
(MBA) Uniform Single Attestation Program for Mortgage Bankers (USAP), except for
minimum servicing standards V.4. and VI.1., which the MBA has interpreted as
being inapplicable to the servicing of commercial and multifamily loans, as of
and for the year ended December 31, 1999. Management is responsible for the
Bank's compliance with those minimum servicing standards. Our responsibility is
to express an opinion on management's assertion about the Bank's compliance
based on our examination.

Our examination was made in accordance with attestation standards established by
the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Bank's compliance with
the applicable minimum servicing standards and performing such other procedures
as we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Bank's compliance with the applicable minimum
servicing standards.

In our opinion, management's assertion that the Bank has complied in all
material respects with the aforementioned applicable minimum servicing standards
as of and for the year ended December 31, 1999 is fairly stated, in all material
respects.



                                                              KPMG LLP


February 4, 2000

<PAGE>

[First Union National Bank Letterhead]
NC 1075
Structured Products Servicing
8739 Research Drive, URP4
Charlotte, NC 28288-1075




                             MANAGEMENT'S ASSERTION




As of and for the year ended December 31, 1999, First Union National Bank (the
Bank) has complied in all material respects with the minimum servicing standards
set forth in the Mortgage Bankers Association of America's (MBA's) Uniform
Single Attestation Program for Mortgage Bankers, except for minimum servicing
standards V.4. and VI.1., which the MBA has interpreted as being inapplicable to
the servicing of commercial and multifamily loans. As of and for the same
period, the Bank had in effect fidelity bond and errors and omissions policies
in the amount of $200 million and $20 million, respectively.





                                                              February 4. 2000
              /s/ John M. Church                              ----------------
     --------------------------------------------                    Date
                 John M. Church
     Managing Director/Senior Vice President
            First Union National Bank



                                                              February 4. 2000
              /s/ Timothy S. Ryan                             ----------------
     --------------------------------------------                    Date
                 Timothy S. Ryan
             Director/Vice President
            First Union National Bank