POLICY INSURING THE LIEN OF THE RELATED MORTGAGE, HISTORICAL
USE AND/OR OTHER DUE DILIGENCE PERFORMED BY SELLER IN ACCORDANCE WITH THE
UNDERWRITING GUIDELINES IN CONNECTION WITH THE ORIGINATION OF THE LOAN, THE
IMPROVEMENTS LOCATED ON OR FORMING PART OF THE RELATED MORTGAGED PROPERTY
SECURING SUCH LOAN COMPLY IN ALL MATERIAL RESPECTS WITH APPLICABLE ZONING LAWS
AND ORDINANCES (EXCEPT TO THE EXTENT THAT THEY MAY CONSTITUTE LEGAL
NON-CONFORMING USES).
(OO)
THE RELATED MORTGAGED PROPERTY WITH RESPECT TO SUCH LOAN IS LOCATED
WITHIN ONE OF THE 50 UNITED STATES OR THE DISTRICT OF COLUMBIA.
(PP)
IF SUCH LOAN IS SECURED BY A RELATED MORTGAGED PROPERTY LOCATED IN
CALIFORNIA AND/OR "SEISMIC ZONES" 3 OR 4, (I) THE RELATED BORROWER HAS OBTAINED,
AND IS REQUIRED UNDER THE LOAN DOCUMENTS TO MAINTAIN, EARTHQUAKE INSURANCE WITH
RESPECT TO THE IMPROVEMENTS ON SUCH RELATED MORTGAGED PROPERTY (IN AN AMOUNT
EQUAL TO THE REPLACEMENT VALUE OF SUCH IMPROVEMENTS) OR IS REQUIRED TO CAUSE THE
RELATED TENANT TO MAINTAIN (AND THE RELATED TENANT HAS OBTAINED) SUCH EARTHQUAKE
INSURANCE IF SUCH RELATED MORTGAGED PROPERTY IS LOCATED IN ANY
8
SUCH AREA, (II) SELF-INSURANCE BY THE TENANT WITH RESPECT TO EARTHQUAKE RISK IS
PERMITTED UNDER THE RELATED LEASE (AND SUCH INFORMATION WAS INCLUDED IN THE
UNDERWRITING PACKAGE, OR DOCUMENTATION RELATED THERETO, DELIVERED TO THE AGENT
IN CONNECTION WITH SUCH LOAN) OR (III) A SEISMIC STUDY WAS PERFORMED IN
CONNECTION WITH THE ORIGINATION OF SUCH LOAN AND SUCH STUDY INDICATES A PROBABLE
MAXIMUM LOSS OF LESS THAN 20% OF THE APPRAISED VALUE OF SUCH RELATED MORTGAGED
PROPERTY.
(QQ)
SELLER DOES NOT HAVE KNOWLEDGE OF ANY CIRCUMSTANCE OR CONDITION
WITH RESPECT TO SUCH LOAN, THE RELATED MORTGAGED PROPERTY SECURING SUCH LOAN,
THE RELATED LEASE OR THE RELATED BORROWER'S OR THE RELATED TENANT'S CREDIT
STANDING THAT COULD REASONABLY BE EXPECTED TO CAUSE RELATED BUYER TO REGARD SUCH
LOAN AS UNACCEPTABLE SECURITY, CAUSE SUCH LOAN OR RELATED LEASE TO BECOME
DELINQUENT OR HAVE A MATERIAL ADVERSE EFFECT ON THE VALUE OR MARKETABILITY OF
SUCH LOAN.
(RR)
THE RELATED MORTGAGED PROPERTY SECURING SUCH LOAN HAS ADEQUATE
RIGHTS OF ACCESS TO PUBLIC RIGHTS-OF-WAY AND IS SERVED BY UTILITIES, INCLUDING,
WITHOUT LIMITATION, ADEQUATE WATER, SEWER, ELECTRICITY, GAS, TELEPHONE, SANITARY
SEWER, AND STORM DRAIN FACILITIES.
ALL PUBLIC UTILITIES NECESSARY TO THE
CONTINUED USE AND ENJOYMENT OF SUCH RELATED MORTGAGED PROPERTY SECURING SUCH
LOAN AS PRESENTLY USED AND ENJOYED ARE LOCATED IN SUCH PUBLIC RIGHT-OF-WAY
ABUTTING SUCH RELATED MORTGAGED PROPERTY OR ARE THE SUBJECT OF ACCESS EASEMENTS
FOR THE BENEFIT OF THE RELATED MORTGAGED PROPERTY, AND ALL SUCH UTILITIES ARE
CONNECTED SO AS TO SERVE SUCH RELATED MORTGAGED PROPERTY WITHOUT PASSING OVER
OTHER PROPERTY OR ARE THE SUBJECT OF ACCESS EASEMENTS FOR THE BENEFIT OF SUCH
RELATED MORTGAGED PROPERTY.
ALL ROADS NECESSARY FOR THE FULL USE OF THE RELATED
MORTGAGED PROPERTY SECURING THE LOAN FOR ITS CURRENT PURPOSE HAVE BEEN COMPLETED
AND DEDICATED TO PUBLIC USE AND ACCEPTED BY ALL GOVERNMENTAL AUTHORITIES OR ARE
THE SUBJECT OF ACCESS EASEMENTS FOR THE BENEFIT OF SUCH RELATED MORTGAGED
PROPERTY.
(SS)
NO