Document:

<PAGE>
EXHIBIT 10.2

                                 PROMISSORY NOTE

$700,000                                                    Norwich, Connecticut
                                                            July 3, 2002

         FOR VALUE RECEIVED, Gunther International Ltd., a Delaware corporation
("Maker"), hereby promises to pay to the order of Robert Spiegel ("Payee"), at
60 Sachem Road, Weston, Connecticut 06883, or at such other place as Payee may
designate in writing, the principal sum of Seven Hundred Thousand Dollars
($700,000) together with interest on the unpaid balance of this Note from the
date hereof until paid, at a fixed rate of eight percent (8%) per annum and
together with all costs of collection, including reasonable attorney's fees,
incurred in any action to collect this Note.

         All principal, accrued interest, and any other amounts owed under this
Note shall be due and payable in full on December 31, 2002.

         Maker shall have the right, at any time and from time to time, to
prepay the principal amount of this Note, in whole or in part, without premium
or penalty.

         Presentment, notice of dishonor, and protest are hereby waived.

         Any notice to Maker shall be given by mailing such notice by regular
mail, addressed to Maker at One Winnenden Road, Norwich, Connecticut 06360-1570
or to such other address as Maker may designate by notice to Payee. Any notice
to Payee shall be given by mailing such notice by regular mail, at the address
stated in the first paragraph of this Note, or at such other address as may have
been designated by notice to Maker.

         The word "Maker" shall include the successors and assigns of Maker
named herein and the word "Payee" shall include the successors and assigns of
Payee named herein. This Note shall be governed by, and construed in accordance
with, the laws of the State of Connecticut.

                                      GUNTHER INTERNATIONAL LTD.
                                      --------------------------
                                      By:  /s/   Mark I. Perkins

                                           Marc I. Perkins
                                           President and Chief Executive Officer
                                           Hereunto Duly Authorized

                                        1<PAGE>
EXHIBIT 10.3

                                 PROMISSORY NOTE

$100,000                                                    Norwich, Connecticut
                                                            August 7, 2002

         FOR VALUE RECEIVED, Gunther International Ltd., a Delaware corporation
("Maker"), hereby promises to pay to the order of Robert Spiegel ("Payee"), at
60 Sachem Road, Weston, Connecticut 06883, or at such other place as Payee may
designate in writing, the principal sum of One Hundred Thousand Dollars
($100,000) together with interest on the unpaid balance of this Note from the
date hereof until paid, at a fixed rate of eight percent (8%) per annum and
together with all costs of collection, including reasonable attorney's fees,
incurred in any action to collect this Note.

         All principal, accrued interest, and any other amounts owed under this
Note shall be due and payable in full on December 31, 2002.

         Maker shall have the right, at any time and from time to time, to
prepay the principal amount of this Note, in whole or in part, without premium
or penalty.

         Presentment, notice of dishonor, and protest are hereby waived.

         Any notice to Maker shall be given by mailing such notice by regular
mail, addressed to Maker at One Winnenden Road, Norwich, Connecticut 06360-1570
or to such other address as Maker may designate by notice to Payee. Any notice
to Payee shall be given by mailing such notice by regular mail, at the address
stated in the first paragraph of this Note, or at such other address as may have
been designated by notice to Maker.

         The word "Maker" shall include the successors and assigns of Maker
named herein and the word "Payee" shall include the successors and assigns of
Payee named herein. This Note shall be governed by, and construed in accordance
with, the laws of the State of Connecticut.

                                    GUNTHER INTERNATIONAL LTD.

                                     By: /s/ Marc I. Perkins
                                         --------------------

                                         Marc I. Perkins
                                         President and Chief Executive Officer
                                         Hereunto Duly Authorized

                                       1<PAGE>
EXHIBIT 10.4

June 13, 2002

Mr. John K. Carpenter
32 St. Andrews Way
N. Chelmsford, MA   01863

Dear Mr. Carpenter:

We are pleased to extend this offer to join Gunther as Senior Vice President -
Chief Financial Officer reporting directly to Marc I. Perkins, President and
Chief Executive Officer at a weekly rate of $2,307.70 (equivalent to $120,000 on
an annualized basis). You will also be granted 70,000 stock options - the price
will be set on the next practical date at the then prevailing market value.

A performance evaluation and salary review will be conducted six (6) months
after your hire date. If your performance meets or exceeds mutually agreed upon
goals and objectives, a $10,000 salary increase will be granted.

The effective date of your employment may begin on or before JUNE 24, 2002
contingent upon satisfactory reference checks and your receiving a negative drug
screening result. This offer is effective through the close of business TUESDAY,
JUNE 18, 2002.

ADDITIONAL TERMS:
Gunther will grant you paid time off (PTO) at 20 days annually (accruing at 1.67
days monthly) - effective upon hire. You will be eligible for our benefits
program including medical, dental and life insurance 30 days after hire. Gunther
also agrees to reimburse you 50% of your current monthly medical premium ($641/2
= $320.50) for one month.

We do require employees to contribute to our medical and dental insurance
premiums. Please note that the insurance contribution is deducted pre-tax, and
therefore the net reduction in income is less than the face value of the
contribution. You are eligible to contribute to the Company's 401(k) plan upon
hire.

You will be required to sign Gunther's Proprietary Data/Patent Agreement as a
condition of employment prior to your employment. We have attached an original
of this agreement to this offer letter and request that you sign it and return
it to us prior to commencing employment.

We require that you submit to a physical and a drug screen - NO LATER THAN 5
DAYS BEFORE YOUR START DATE. Enclosed with this offer letter are the lab(s) with
which you can arrange these screenings. Please arrange for these tests at your
convenience and have the `confirmation document' faxed or mailed to Human
Resources immediately. You will not be able to begin employment until the drug
screen has been completed - a negative result reported.

                                        1
<PAGE>
You also will be required to successfully complete the company's I-9 U.S.
employment verification process.

Gunther is an employment-at-will employer. The company does not guarantee your
employment for any specific duration. You and the company remain free to choose
to end your employment relationship at anytime, for any reason, with or without
notice or cause.

RELOCATION, HOUSING EXPENSES AND CLOSING COSTS:

   -     Gunther will reimburse you for reasonable relocation expenses, which
         includes moving and transporting your furnishings and personal
         property.
   -     Gunther will also pay for lodging (maximum of 120 days) for yourself
         and your spouse while you are house hunting in the Norwich, CT area.
   -     Gunther agrees to reimburse you for 50% of associated realtor fees
         incurred on the sale of your current residence (50/50 split) - up to a
         maximum of $12,000.
   -     Gunther will reimburse you the closing costs on the purchase of a new
         residence in Connecticut - closing cost range of 2% to 4%.
   -     In the event that your current residence is not sold prior to closing
         on your new residence, Gunther agrees to grant you a short-term zero
         interest ninety (90) day "bridge-loan" in the amount of your down
         payment, to be repaid to Gunther from the proceeds of the sale of your
         current residence.

Kindly indicate your acceptance of this offer by signing in the space provided
below and returning (by mail) one fully executed copy; and sign/return the
Proprietary Data/Patent Agreement to my attention postmarked by TUESDAY, JUNE
18, 2002.

Thank you for your interest in employment with Gunther International, Ltd. We
are looking forward to working with you and enjoying your contributions to our
future success. Should you have any questions prior to your start date, please
do not hesitate to contact me at (860) 823-1427, ext. 102.

Sincerely,
GUNTHER INTERNATIONAL, LTD.                        ACCEPTED:

/s/  Lauren S. Wright                              /s/  John K. Carpenter
---------------------                              ----------------------
                                                   Date: 6/14/2002
Lauren S. Wright
Director, Human Resources

                                        2Exhibit 4.1

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.,
                                    Depositor

                          MIDLAND LOAN SERVICES, INC.,
                                 Master Servicer

                             CLARION PARTNERS, LLC,
                                Special Servicer

                       LASALLE BANK NATIONAL ASSOCIATION,
                                     Trustee

                               ABN AMRO BANK N.V.,
                                  Fiscal Agent

                         POOLING AND SERVICING AGREEMENT

                            Dated as of July 1, 2002

                                  $895,698,612
                  Commercial Mortgage Pass-Through Certificates
                                 Series 2002-CP3

<PAGE>

                                TABLE OF CONTENTS

                                                                            Page
                                    ARTICLE I

                                   DEFINITIONS

Section 1.01  Defined Terms................................................
Section 1.02  Certain Calculations.........................................
Section 1.03  Loan Identification Convention...............................
Section 1.04  Certain Matters with respect to the Westfarms Mall Total
               Loan........................................................

                                   ARTICLE II

                              CONVEYANCE OF LOANS;
                        ORIGINAL ISSUANCE OF CERTIFICATES

Section 2.01  Conveyance of Loans..........................................
Section 2.02  Acceptance by Trustee........................................
Section 2.03  Representations, Warranties and Covenants of the
               Depositor; Repurchase of Loans by the Mortgage Loan
               Sellers for Defects in Mortgage Files and Breaches of
               Representations and Warranties..............................
Section 2.04  Execution of Certificates....................................

                                   ARTICLE III

                               ADMINISTRATION AND
                           SERVICING OF THE TRUST FUND

Section 3.01  Master Servicer to Act as Master Servicer; Special
               Servicer to Act as Special Servicer; Administration of
               the Loans...................................................
Section 3.02  Collection of Loan Payments..................................
Section 3.03  Collection of Taxes, Assessments and Similar Items;
               Servicing Accounts..........................................
Section 3.04  The Collection Account, Distribution Account and Excess
               Interest Distribution Account...............................
Section 3.05  Permitted Withdrawals from the Collection Account and the
               Distribution Account........................................
Section 3.06  Investment of Funds in the Collection Account, Servicing
               Accounts, Cash Collateral Accounts, Lock-Box Accounts
               and the REO Account.........................................
Section 3.07  Maintenance of Insurance Policies; Errors and Omissions
               and Fidelity Coverage.......................................
Section 3.08  Enforcement of Due-On-Sale and Due-On-Encumbrance
               Clauses; Assumption Agreements; Defeasance Provisions;
               Other Provisions............................................
Section 3.09  Realization Upon Defaulted Loans.............................
Section 3.10  Trustee to Cooperate; Release of Mortgage Files..............
Section 3.11  Servicing Compensation.......................................
Section 3.12  Reports to the Trustee; Collection Account Statements........
Section 3.13  Annual Statement as to Compliance............................
Section 3.14  Reports by Independent Public Accountants....................
Section 3.15  Access to Certain Information................................
Section 3.16  Title to REO Property; REO Account...........................
Section 3.17  Management of REO Property...................................
Section 3.18  Sale of Defaulted Loans and REO Properties...................
Section 3.19  Additional Obligations of the Master Servicer and Special
               Servicer; Inspections; Appraisals...........................
Section 3.20  Modifications, Waivers, Amendments and Consents..............
Section 3.21  Transfer of Servicing Between Master Servicer and Special
               Servicer; Record Keeping; Asset Status Report...............
Section 3.22  Sub-Servicing Agreements.....................................
Section 3.23  Representations, Warranties and Covenants of the Master
               Servicer....................................................
Section 3.24  Representations, Warranties and Covenants of the Special
               Servicer....................................................
Section 3.25  Limitation on Liability of the Directing
               Certificateholder...........................................
Section 3.26  Reports to the Securities and Exchange Commission;
               Available Information.......................................
Section 3.27  Lock-Box Accounts and Servicing Accounts.....................
Section 3.28  Interest Reserve Account.....................................
Section 3.29  Limitations on and Authorizations of the Master Servicer
               and Special Servicer with Respect to Certain Loans..........
Section 3.30  REMIC Administration.........................................
Section 3.31  Master Servicer and Special Servicer May Own Certificates....
Section 3.32  Rights of the Holder of the B Note...........................

                                   ARTICLE IV

                         PAYMENTS TO CERTIFICATEHOLDERS

Section 4.01  Distributions................................................
Section 4.02  Statements to Certificateholders; Reports by Trustee;
               Other Information Available to the Holders and Others.......
Section 4.03  P&I Advances.................................................
Section 4.04  Allocation of Collateral Support Deficit.....................
Section 4.05  [Reserved]...................................................
Section 4.06  [Reserved]...................................................
Section 4.07  Grantor Trust Reporting......................................
Section 4.08  Fiscal Agent Termination Event...............................
Section 4.09  Procedure Upon Termination Event.............................
Section 4.10  Merger or Consolidation of Fiscal Agent......................
Section 4.11  Limitation on Liability of the Fiscal Agent and Others.......
Section 4.12  Indemnification of Fiscal Agent..............................

                                    ARTICLE V

                                THE CERTIFICATES

Section 5.01  The Certificates.............................................
Section 5.02  Registration of Transfer and Exchange of Certificates........
Section 5.03  Book-Entry Certificates......................................
Section 5.04  Mutilated, Destroyed, Lost or Stolen Certificates............
Section 5.05  Persons Deemed Owners........................................
Section 5.06  Access to Certificateholders' Names and Addresses............

                                   ARTICLE VI

                            THE DEPOSITOR, THE MASTER
                        SERVICER AND THE SPECIAL SERVICER

Section 6.01  Liability of the Depositor, the Master Servicer and the
               Special Servicer............................................
Section 6.02  Merger, Consolidation or Conversion of the Depositor, the
               Master Servicer or the Special Servicer.....................
Section 6.03  Limitation on Liability of the Trustee, the Depositor,
               the Master Servicer, the Special Servicer and Others........
Section 6.04  Master Servicer and Special Servicer Not to Resign...........
Section 6.05  Rights of the Depositor in Respect of the Master Servicer
               and the Special Servicer....................................

                                   ARTICLE VII

                                     DEFAULT

Section 7.01  Events of Default; Master Servicer and Special Servicer
               Termination.................................................
Section 7.02  Trustee to Act; Appointment of Successor.....................
Section 7.03  Notification to Certificateholders...........................
Section 7.04  Waiver of Events of Default..................................
Section 7.05  Trustee Advances.............................................

                                  ARTICLE VIII

                             CONCERNING THE TRUSTEE

Section 8.01  Duties of Trustee and Fiscal Agent...........................
Section 8.02  Certain Matters Affecting the Trustee........................
Section 8.03  Trustee Not Liable for Validity or Sufficiency of
               Certificates or Loans.......................................
Section 8.04  Trustee and Fiscal Agent May Own Certificates................
Section 8.05  Fees and Expenses of Trustee; Indemnification of Trustee.....
Section 8.06  Eligibility Requirements for Trustee and the Fiscal Agent....
Section 8.07  Resignation and Removal of the Trustee and the Paying
               Agent.......................................................
Section 8.08  Successor Trustee or Fiscal Agent............................
Section 8.09  Merger or Consolidation of Trustee...........................
Section 8.10  Appointment of Co-Trustee or Separate Trustee................
Section 8.11  [Reserved]...................................................
Section 8.12  Access to Certain Information................................
Section 8.13  Representations, Warranties and Covenants of the Trustee
               and Fiscal Agent............................................

                                   ARTICLE IX

                                   TERMINATION

Section 9.01  Termination Upon Repurchase or Liquidation of All Loans......
Section 9.02  Additional Termination Requirements..........................

                                    ARTICLE X

                            MISCELLANEOUS PROVISIONS

Section 10.01 Amendment....................................................
Section 10.02 Recordation of Agreement; Counterparts.......................
Section 10.03 Limitation on Rights of Certificateholders...................
Section 10.04 Governing Law................................................
Section 10.05 Notices......................................................
Section 10.06 Severability of Provisions...................................
Section 10.07 Grant of a Security Interest.................................
Section 10.08 Successors and Assigns; Beneficiaries........................
Section 10.09 Article and Section Headings.................................
Section 10.10 Notices to Rating Agencies...................................

                                    SCHEDULES

I     Rates Used in Determination of Class A-SP and Class A-X Pass-Through Rates

                                   EXHIBITS

A-1         Form of Class A-1, Class A-2 and Class A-3 Certificate
A-2         Form of Class A-SP Certificate
A-3         Form of Class A-X Certificate
A-4         Form of Class B, Class C and Class D Certificate
A-5         Form of Class E, Class F and Class G Global Certificate
A-6         Form of Class H, Class J, Class K, Class L, Class M, Class N and
             Class O Global Certificate
A-7         Form of Class V Certificate
A-8         Form of Residual Certificate
B           Mortgage Loan Schedule
C-1         Form of QIB Investment Representation Letter - Qualified
             Institutional Buyer
C-2         Form of Regulation S Investment Representation Letter - Non-U.S.
             Person
C-3         Form of Investment Representation Letter - Institutional
             Accredited Investor
D-1         Form of Transfer Affidavits
D-2         Form of Transferor Letter
E           List of Mezzanine Loans
F           Form of Request for Release
G           Reserved
H           Form of Affidavit of Lost Note
I           Investor Certification
J-1         Form of Intermediate Trustee (or Custodian) Certification
J-2         Form of Final Trustee (or Custodian) Certification
K           Loans to be Serviced by KRECM

<PAGE>

            This Pooling and Servicing Agreement (the "Agreement"), is dated as
of July 1, 2002, among CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., as
Depositor, MIDLAND LOAN SERVICES, INC., as Master Servicer, CLARION PARTNERS,
LLC, as Special Servicer, LASALLE BANK NATIONAL ASSOCIATION, as Trustee and ABN
AMRO BANK N.V., as Fiscal Agent.

                            PRELIMINARY STATEMENT:

            The Depositor intends to sell commercial mortgage pass-through
certificates (collectively, the "Certificates"), to be issued hereunder in
multiple classes (each, a "Class"), which in the aggregate will evidence the
entire beneficial ownership interest in the trust fund (the "Trust") to be
created hereunder, the primary assets of which will be a pool of 106 multifamily
and commercial mortgage loans listed on Exhibit B hereto. As provided herein,
the Trustee shall elect or shall cause an election to be made that each of the
Upper-Tier REMIC and the Lower-Tier REMIC (each as defined herein) be treated
for federal income tax purposes as a "real estate mortgage investment conduit"
(a "REMIC"). The Excess Interest and the Excess Interest Distribution Account
shall not be assets of any REMIC but shall be treated as assets of a grantor
trust under Subpart E, Part I of Subchapter J of the Code. The Class V
Certificates will represent undivided beneficial interests in the portion of the
Trust Fund consisting of the Excess Interest and the Excess Interest
Distribution Account. Additionally, the Trust shall not include the B Note, any
interest of the holders of the B Note, any A/B Loan Custodial Account or the
Companion Loan, any interest of the holders of the Companion Loan or any
Companion Loan Custodial Account.

            As provided herein, the Trustee shall elect or cause an election to
be made to treat the segregated pool of assets consisting of the Lower-Tier
REMIC Regular Interests and the proceeds thereof as a REMIC for federal income
tax purposes, and such segregated pool of assets will be designated as the
"Upper-Tier REMIC." The Class A-1, Class A-2, Class A-3, Class A-X, Class A-SP,
Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N and Class O Certificates will evidence "regular
interests" in the Upper-Tier REMIC created hereunder. The sole Class of
"residual interests" in the Upper-Tier REMIC created hereunder will be evidenced
by the Class R Certificates. The following table sets forth the designation, the
initial pass-through rate (the "Pass-Through Rate"), the aggregate initial
principal amount (the "Original Certificate Balance") or notional balance
("Original Notional Balance"), as applicable, and the initial ratings given each
Class (as indicated below) by the Rating Agencies (as defined herein) for each
Class of certificates comprising the interests in the Upper-Tier REMIC created
hereunder:

                                UPPER-TIER REMIC

                                         Original Certificate
                                     Balance (or, in the case of
                                        the Class A-X or A-SP        Initial
    Class      Initial Pass-Through     Certificates, Original      Ratings(1)
 Designation           Rate               Notional Balance)       Moody's/Fitch
 -----------   --------------------   -------------------------   -------------

  Class A-1              3.6830%               $50,000,000           Aaa/AAA
  Class A-2              5.2400%              $127,854,000           Aaa/AAA
  Class A-3              5.6030%              $521,910,000           Aaa/AAA
  Class A-X              0.3487%(2)           $895,698,612(4)        Aaa/AAA
 Class A-SP              1.7934%(3)           $758,367,000(4)        Aaa/AAA
   Class B               5.7200%               $34,708,000            Aa2/AA
   Class C               5.5100%               $40,307,000             A2/A
   Class D               6.0240%(5)             $8,957,000            A3/A-
   Class E               6.1970%(6)            $10,076,000          Baa3/BBB+
   Class F               6.2950% (7)           $14,555,000           Baa2/BBB
   Class G               5.6030% (8)           $15,675,000          Baa3/BBB-
   Class H               6.0000% (9)           $11,196,000           Ba1/BB+
   Class J               6.0000% (9)           $17,914,000            Ba2/BB
   Class K               6.0000% (9)            $6,718,000           Ba3/BB-
   Class L               6.0000% (9)            $4,479,000            B1/B+
   Class M               6.0000% (9)           $11,196,000             B2/B
   Class N               6.0000% (9)            $4,478,000            B3/B-
   Class O               6.0000% (9)           $15,675,612            NR/NR
   Class R             None                    None(10)               NR/NR

------------

(1)   The Certificates marked "NR" have not been rated by the applicable Rating
      Agency.

(2)   The Class A-X Pass-Through Rate, as defined herein.

(3)   The Class A-SP Pass-Through Rate, as defined herein.

(4)   Original Notional Balance. The Class A-X and Class A-SP Certificates will
      not have a Certificate Balance and will not be entitled to receive
      distributions of principal.

(5)   The lesser of 6.0240% and the Weighted Average Net Mortgage Rate.

(6)   The lesser of 6.1970% and the Weighted Average Net Mortgage Rate.

(7)   The lesser of 6.2950% and the Weighted Average Net Mortgage Rate.

(8)   The lesser of 5.6030% and the Weighted Average Net Mortgage Rate.

(9)   The lesser of 6.0000% and the Weighted Average Net Mortgage Rate.

(10)  The Class R Certificates will not have a Certificate Balance or Notional
      Balance, will not bear interest and will not be entitled to distributions
      of Yield Maintenance Charges. Any Available Distribution Amount remaining
      in the Upper-Tier Distribution Account after all required distributions
      under this Agreement have been made to each other Class of Certificates
      will be distributed to the Holders of the Class R Certificates.

            As provided herein, the Trustee shall elect or cause an election to
be made to treat the segregated pool of assets consisting of the Loans
(exclusive of Excess Interest and the Excess Interest Distribution Account) and
certain other related assets subject to this Agreement as a REMIC for federal
income tax purposes, and such segregated pool of assets will be designated as
the "Lower-Tier REMIC." The Class LA-1, Class LA-2, Class LA-3-1, Class LA-3-2,
Class LA-3-3, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class
LH, Class LJ, Class LK, Class LL, Class LM, Class LN and Class LO Uncertificated
Interests will evidence "regular interests" in the Lower-Tier REMIC (the
"Uncertificated Lower-Tier Interests") created hereunder. The sole Class of
"residual interests" in the Lower-Tier REMIC created hereunder will be evidenced
by the Class LR Certificates.

            The following table sets forth, for each Class of Sequential Pay
Certificates (the "Corresponding Certificates"), the corresponding
Uncertificated Lower-Tier Interest or Interests (the "Corresponding
Uncertificated Lower-Tier Interests"), the corresponding Component or Components
of the Class A-X and A-SP Certificates (the "Corresponding Components")and the
Original Lower-Tier Principal Amount for each Class of Uncertificated Lower-Tier
Interests.

                     Corresponding                               Corresponding
                     Uncertificated                          Components of Class
  Corresponding        Lower-Tier       Original Lower-Tier       A-X and A-SP
   Certificates     Interests(1)(2)      Principal Amount       Certificates(1)
   ------------     ---------------      ----------------    -------------------

    Class A-1             LA-1            $50,000,000                  A-1
    Class A-2             LA-2           $127,854,000                  A-2
    Class A-3            LA-3-1           $55,992,000                 A-3-1
                         LA-3-2           $41,497,000                 A-3-2
                         LA-3-3          $424,421,000                 A-3-3
     Class B               LB             $34,708,000                   B
     Class C               LC             $40,307,000                   C
     Class D               LD              $8,957,000                   D
     Class E               LE             $10,076,000                   E
     Class F               LF             $14,555,000                   F
     Class G               LG             $15,675,000                   G
     Class H               LH             $11,196,000                   H
     Class J               LJ             $17,914,000                   J
     Class K               LK              $6,718,000                   K
     Class L               LL              $4,479,000                   L
     Class M               LM             $11,196,000                   M
     Class N               LN              $4,478,000                   N
     Class O               LO             $15,675,612                   O

------------

(1)   The Uncertificated Lower-Tier Interests and the Components of the Class
      A-X and Class A-SP Certificates that correspond to any particular Class of
      Sequential Pay Certificates also correspond to each other and,
      accordingly, constitute the "Corresponding Uncertificated Lower-Tier
      Interests" and the "Corresponding Components," respectively, with respect
      to each other.

(2)   The interest rate of each of the indicated Classes of Uncertificated
      Lower-Tier Interests is the Weighted Average Net Mortgage Rate.

            The Class LR Certificates will not have a Certificate Balance or
Notional Balance, will not bear interest and will not be entitled to
distributions of Yield Maintenance Charges. Any Available Distribution Amount
remaining in the Lower-Tier Distribution Account after distributing the
Lower-Tier Distribution Amount on each Distribution Date shall be distributed to
the Holders of the Class LR Certificates as owners of the residual interests in
the Lower-Tier REMIC.

            The parties intend that the portion of the Trust Fund representing
the Excess Interest and the Excess Interest Distribution Account shall be
treated as a grantor trust under Subpart E of Part 1 of Subchapter J of Chapter
1 of Subtitle A of the Code and that the Class V Certificates shall represent
undivided beneficial interests in the portion of the Trust Fund consisting of
the Excess Interest and the Excess Interest Distribution Account.

            As of the close of business on the Cut-off Date (as defined herein),
the Loans had an aggregate principal balance, after application of all payments
of principal due on or before such date, whether or not received, equal to
$895,698,612.

            In consideration of the mutual agreements herein contained, the
Depositor, the Master Servicer, the Special Servicer, the Trustee and the Fiscal
Agent agree as follows:

<PAGE>

                                    ARTICLE I

                                   DEFINITIONS

            Section 1.01 Defined Terms.

            Whenever used in this Agreement the following words and phrases,
unless the context otherwise requires, shall have the meanings specified in this
Article.

            "30/360 Basis" The accrual of interest based on a 360-day year
consisting of twelve 30-day months.

            "A Note": The A-1 Note and the A-2 Note, collectively.

            "A-1 Note": With respect to the Westfarms Mall Total Loan, the Note
included in the Trust, which is senior in right of payment to the related B Note
to the extent set forth in the A/B Mortgage Loan Intercreditor Agreement, and
which is pari passu in right of payment to the related A-2 Note to the extent
set forth in the Westfarms Mall A Note Intercreditor Agreement.

            "A-2 Note": With respect to the Westfarms Mall Total Loan, the A-2
component of such loan, which is not included in the Trust and which is pari
passu in right of payment to the related A-1 Note to the extent set forth in the
Westfarms Mall A Note Intercreditor Agreement.

            "A/B Loan Custodial Account": Each of the custodial sub-account(s)
of the Collection Account (but which are not included in the Trust) created and
maintained by the Master Servicer pursuant to Section 3.04 on behalf of the
holder of the B Note. Any such sub-account(s) shall be maintained as a
sub-account of an Eligible Account.

            "A/B Mortgage Loan Intercreditor Agreement": With respect to the
Westfarms Mall Total Loan, the related intercreditor agreement by and between
the holder of the related A Note and the holder of the B Note relating to the
relative rights of such holders of the respective A Note and B Note, as the same
may be further amended from time to time in accordance with the terms thereof.

            "Accountant's Statement": As defined in Section 3.14.

            "Accrued Certificate Interest Amount": With respect to each
Distribution Date and each Class of Regular Certificates, an amount equal to
interest for the related Interest Accrual Period at the Pass-Through Rate
applicable to such Class of Certificates for such Distribution Date, accrued on
the related Certificate Balance of such Class (or, in the case of the Class A-X
and A-SP Certificates, on the Notional Balance thereof) immediately prior to
such Distribution Date. The Accrued Certificate Interest Amount for each such
Class shall be calculated on the basis of a 360-day year composed of twelve
30-day months.

            "Accrued Component Interest": With respect to each Component of the
Class A-X and Class A-SP Certificates for any Distribution Date, one month's
interest at the Class A-X Strip Rate or Class A-SP Strip Rate applicable to such
Component for such Distribution Date, accrued on the Component Notional Amount
of such Component outstanding immediately prior to such Distribution Date.
Accrued Component Interest shall be calculated on a 30/360 Basis and, with
respect to any Component and any Distribution Date, shall be deemed to accrue
during the calendar month preceding the month in which such Distribution Date
occurs.

            "Acquisition Date": With respect to any REO Property, the first day
on which such REO Property is considered to be acquired by the Trust Fund and
the Lower-Tier REMIC within the meaning of Treasury Regulations Section
1.856-6(b)(1), which is the first day on which the Lower-Tier REMIC is treated
as the owner of such REO Property for federal income tax purposes.

            "Actual/360 Basis": The accrual of interest based on the actual
number of days elapsed during each one-month accrual period in a year assumed to
consist of 360 days.

            "Additional Collateral": With respect to the Additional Collateral
Loan, the cash reserve or irrevocable letter of credit partially securing the
Additional Collateral Loan.

            "Additional Collateral Loan": The Loan known as One El Paseo Plaza
and designated as Loan No. 24 on the Mortgage Loan Schedule and the Loan known
as Timmaron Ridge Apartments and designated as Loan No. 41 on the Mortgage Loan
Schedule.

            "Additional Review Period": As defined in Section 3.21(e).

            "Additional Servicing Compensation": As defined in Section 3.11(a).

            "Additional Trust Fund Expenses": An expense of the Trust Fund that
(i) arises out of a default on a Loan or Loan Pair or an otherwise unanticipated
event, (ii) is not covered by a Servicing Advance or a corresponding collection
from the related Borrower and (iii) does not represent a loss on a Loan arising
from the inability of the Master Servicer and/or Special Servicer to collect all
amounts due and owing under the Loan, including by reason of the fraud or
bankruptcy of the Borrower or, to the extent not covered by insurance, a
casualty of any nature at a Mortgaged Property; provided, however, that,
"Additional Trust Fund Expense" shall not include any of the foregoing amounts
that have been recovered from the related Borrower or Mortgaged Property.

            "Advance": Any P&I Advance or Servicing Advance.

            "Adverse REMIC Event": As defined in Section 3.30(f).

            "Affiliate": With respect to any specified Person, any other Person
controlling or controlled by or under common control with such specified Person.
For the purposes of this definition, "control" when used with respect to any
specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise and the terms "controlling" and
"controlled" have meanings correlative to the foregoing.

            "Agent": As defined in Section 5.02(g)(i)(A).

            "Agreement": This Pooling and Servicing Agreement and all amendments
hereof and supplements hereto.

            Anticipated Repayment Date": With respect to any ARD Loan,
designated as such on the Mortgage Loan Schedule, the date upon which such ARD
Loan starts to accrue interest at its Revised Rate.

            "Appraisal": An appraisal prepared in accordance with 12 C.F.R.
ss.225.64 by an Appraiser selected by the Master Servicer or Special Servicer,
as applicable.

            "Appraisal Reduction Amount": For any Distribution Date and for any
Loan, B Note or Loan Pair as to which an Appraisal Reduction Event has occurred,
an amount calculated by the Special Servicer (and confirmed by the Master
Servicer) equal to the excess, if any, of (a) the Stated Principal Balance of
such Loan, B Note or Loan Pair over (b) the excess of (i)(A) 90% of the
Appraised Value of the related Mortgaged Property as determined (1) with respect
to any Loan, B Note or Loan Pair with an outstanding principal balance equal to
or greater than $2,000,000, by one or more Appraisals (the costs of which shall
be paid by the Master Servicer as a Servicing Advance) or (2) with respect to
any Loan, B Note or Loan Pair with an outstanding principal balance less than
$2,000,000, by an Appraisal (or an update of a prior Appraisal) (the costs of
which shall be paid by the Master Servicer as a Servicing Advance) or an
internal valuation performed by the Special Servicer plus (B) any letter of
credit, reserve, escrow or similar amount held by the Master Servicer which are
posted as additional security for payments due on the Loan, B Note or Loan Pair
over (ii) the sum of (X) to the extent not previously advanced by the Master
Servicer, the Trustee or the Fiscal Agent, all unpaid interest on such Loan or
Loan Pair at a per annum rate equal to its Mortgage Rate, (Y) all unreimbursed
Advances in respect of such Loan or Loan Pair together with interest thereon at
the Reimbursement Rate and (Z) all currently due and unpaid real estate taxes
and assessments, Insurance Policy premiums, ground rents and all other amounts
due and unpaid with respect to such Loan, B Note or Loan Pair, net of any
amounts currently escrowed for such amounts (which taxes, assessments, premiums,
ground rents and other amounts have not been subject to an Advance by the Master
Servicer, the Trustee or the Fiscal Agent and/or for which funds have not been
escrowed); provided that if neither a required Appraisal has been obtained nor
an internal valuation is completed within the period required under Sections
3.19(d) with respect to such Loan, B Note or Loan Pair, the Appraisal Reduction
Amount shall be equal to 25% of the Stated Principal Balance of such Loan, B
Note or Loan Pair as of the date of the related Appraisal Reduction Event. In
the case of the Westfarms Mall Loan, any Appraisal Reduction Amount will be
calculated in respect of the Westfarms Mall Total Loan and any Appraisal
Reduction Amount shall be applied first against the B Note until the outstanding
principal balance of the B Note is reduced to zero and then the Appraisal
Reduction Amount shall be allocated, as between the Westfarms Mall Loan and the
related Companion Loan, pro rata according to their respective outstanding
principal balances.

            Notwithstanding anything herein to the contrary, the aggregate
Appraisal Reduction Amount related to a Loan or the related REO Property will be
reduced to zero as of the date such Loan is paid in full, liquidated,
repurchased or otherwise removed from the Trust Fund.

            "Appraisal Reduction Event": With respect to any Loan, Companion
Loan or B Note, the earliest of (i) 120 days after an uncured delinquency
(without regard to the application of any grace period) occurs in respect of
such Loan, Companion Loan or B Note (except that with respect to a Balloon
Payment, such date may extend until the Loan becomes a Specially Serviced Loan),
(ii) the date on which a reduction in the amount of Monthly Payments on such
Loan, Companion Loan or such B Note, or a change in any other material economic
term of such Loan, Companion Loan or such B Note (other than an extension of the
Maturity Date for a period of six months or less), becomes effective as a result
of a modification of such Loan, Companion Loan or such B Note by the Special
Servicer, (iii) 60 days after a receiver has been appointed and remains
undismissed for the Borrower or immediately after a receiver has been appointed
for the related Mortgaged Property, (iv) 30 days after a Borrower declares
bankruptcy, (v) 60 days after the Borrower has become the subject of a decree or
order for a bankruptcy proceeding that shall have remained in force undischarged
and unstayed, and (vi) immediately after a Loan, Companion Loan or B Note
becomes an REO Loan; provided, however, that an Appraisal Reduction Event shall
not be deemed to occur at any time on and after the dates when the aggregate
Certificate Balances of all Classes of Certificates (other than the Class A
Certificates) have been reduced to zero. The Special Servicer shall notify the
Master Servicer and Trustee (and, with respect to the Westfarms Mall Total Loan,
the holders of the Companion Loan and the B Note) promptly upon the occurrence
of any of the foregoing events.

            "Appraised Value": With respect to any Mortgaged Property, the
appraised value thereof as determined by an Appraisal.

            "Appraiser": An Independent MAI, state certified organization with
five years of experience in properties of like kind and in the same geographic
area.

            "ARD Loan": A Loan that is designated as such on the Mortgage Loan
Schedule.

            "Asset Status Report": As defined in Section 3.21(e).

            "Assignable Primary Servicing Fee": Any Primary Servicing Fee that
is payable to Midland or its permitted assignee pursuant to Section 3.11(a) and
subject to reduction by the Trustee or Fiscal Agent pursuant to Section 3.11(a).

            "Assignment of Leases": With respect to any Mortgaged Property, any
assignment of leases, rents and profits or similar instrument, executed by the
related Borrower, assigning to the related mortgagee all of the income, rents
and profits derived from the ownership, operation, leasing or disposition of all
or a portion of such Mortgaged Property, in the form which was duly executed,
acknowledged and delivered, as amended, modified, renewed or extended through
the date hereof and from time to time hereafter.

            "Assumed Scheduled Payment": For any Due Period and with respect to
any Loan, Companion Loan or B Note that is delinquent in respect of its Balloon
Payment (including any REO Loan as to which the Balloon Payment would have been
past due), an amount equal to the sum of (a) the principal portion of the
Monthly Payment that would have been due on such Loan or B Note on the related
Due Date based on the constant payment required by the related Note or the
original amortization schedule thereof (as calculated with interest at the
related Mortgage Rate), if applicable, assuming such Balloon Payment had not
become due, after giving effect to any modification of such Loan or B Note, and
(b) interest on the Stated Principal Balance of such Loan or B Note at the
applicable Mortgage Rate (less the Master Servicing Fee Rate and Primary
Servicing Fee Rate). The amount of the Assumed Scheduled Payment for any A Note
or B Note shall be calculated solely by reference to the terms of such A Note or
B Note, as applicable (as modified in connection with any bankruptcy or similar
proceeding involving the related Mortgagor or pursuant to a modification, waiver
or amendment of such Loan granted or agreed to by the Master Servicer or the
Special Servicer pursuant to the terms hereof) and without regard to the
remittance provisions of the related A/B Mortgage Loan Intercreditor Agreement.

            "Authenticating Agent": LaSalle Bank National Association, a
national banking association, or any agent of the Trustee appointed to act as
Authenticating Agent pursuant to Section 5.01.

            "Available Distribution Amount": With respect to any Distribution
Date, an amount equal to the sum (without duplication) of:

            (a) the aggregate amount received on or with respect to the Loans
(and any related REO Properties) on or prior to the related Determination Date
and on deposit in the Collection Account as of the close of business on the
Business Day preceding the Master Servicer Remittance Date, exclusive of the
following amounts (without duplication):

                  (i) all Monthly Payments collected but due on a Due Date after
            the end of the related Due Period;

                  (ii) all Principal Prepayments, Balloon Payments, Liquidation
            Proceeds or Insurance and Condemnation Proceeds, all amounts paid in
            connection with Loan repurchases pursuant to Section 2.03(b), and
            all other unscheduled recoveries received or deemed received after
            the related Determination Date;

                  (iii) all amounts in the Collection Account that are payable
            or reimbursable to any Person from such account pursuant to clauses
            (ii) through (xviii), inclusive, of Section 3.05(a);

                  (iv) all amounts that are payable or reimbursable to any
            Person pursuant to clauses (iii) through (v), inclusive, of Section
            3.05(b);

                  (v) all Yield Maintenance Charges;

                  (vi) all amounts deposited in the Collection Account in error;

                  (vii) any net interest or net investment income on funds on
            deposit in the Collection Account or any REO Account or in Permitted
            Investments in which such funds may be invested;

                  (viii) with respect to any Distribution Date relating to each
            Interest Accrual Period ending in each February or in any January in
            a year which is not a leap year, an amount equal to one day of
            interest on the Stated Principal Balance of each Loan as of the
            Distribution Date in the month preceding the month in which such
            Distribution Date occurs at the related Mortgage Rates to the extent
            such amount is to be deposited in the Interest Reserve Account and
            held for future distribution pursuant to Section 3.28;

                  (ix) in the case of each REO Property related to the Westfarms
            Mall Total Loan, all amounts received with respect to the Westfarms
            Mall Total Loan that are required to be paid to the holder of the
            related B Note or Companion Loan, as applicable, pursuant to the
            terms of the related B Note or Companion Loan, as applicable, and
            the related Intercreditor Agreement (which amounts will be deposited
            into the related A/B Loan Custodial Account or Companion Loan
            Custodial Account, as applicable, pursuant to Section 3.04 and
            withdrawn from such accounts pursuant to Section 3.05); and

                  (x) Excess Interest;

            (b) if and to the extent not already included in clause (a) hereof,
the aggregate amount transferred with respect to the Loans from the REO Account
to the Collection Account for such Distribution Date pursuant to Section
3.16(c);

            (c) the aggregate amount of any P&I Advances made in respect of the
Loans by the Master Servicer, the Trustee or the Fiscal Agent, as applicable,
for such Distribution Date pursuant to Section 4.03 or 7.05 (other than the
portion thereof made in respect of a Companion Loan), which P&I Advances shall
not include any related Master Servicing Fees, Primary Servicing Fees or Workout
Fees;

            (d) all funds released from the Interest Reserve Account for
distribution on such Distribution Date;

            (e) any payments required to be made by the Master Servicer pursuant
to Section 3.02(d); and

            (f) if and to the extent not already included in clause (a) hereof,
the aggregate amount transferred (pursuant to Section 3.05(d)) from the Excess
Liquidation Proceeds Account to the Distribution Account in respect of such
Distribution Date.

            "B Note" With respect to the Westfarms Mall Total Loan, the related
Mortgage Note not included in the Trust, which is subordinated in right of
payment to the A Note to the extent set forth in the related A/B Mortgage Loan
Intercreditor Agreement, but is secured by the Pari Passu Mortgage.

            "Balloon Loan": Any Loan, Companion Loan or B Note that by its terms
provides for an amortization schedule extending beyond its Maturity Date.

            "Balloon Payment": With respect to any Balloon Loan and any date of
determination, the scheduled payment of principal due on the Maturity Date of
such Loan (less principal included in the applicable amortization schedule or
scheduled Monthly Payment).

            "Bankruptcy Code": The federal Bankruptcy Code, as amended from time
to time (Title 11 of the United States Code).

            "Base Interest Fraction": With respect to any Principal Prepayment
on any Loan and any of the Class A-1, Class A-2, Class A-3, Class B, Class C,
Class D, Class E, Class F and Class G Certificates, a fraction (not greater than
1) (a) whose numerator is the amount, if any, by which (i) the Pass-Through Rate
on such Class of Certificates exceeds (ii) the Yield Rate used in calculating
the Yield Maintenance Charge with respect to such Principal Prepayment and (b)
whose denominator is the amount, if any, by which the (i) Mortgage Rate on such
Loan exceeds (ii) the Yield Rate (as provided by the Master Servicer) used in
calculating the Yield Maintenance Charge with respect to such Principal
Prepayment; provided, however, that if such Yield Rate is greater than or equal
to the lesser of (x) the Mortgage Rate on such Loan and (y) the Pass-Through
Rate described in clause (a)(i) above, then the Base Interest Fraction shall be
zero.

            "Book-Entry Certificate": Any Certificate registered in the name of
the Depository or its nominee.

            "Borrower": With respect to any Loan, the obligor or obligors on any
related Note or Notes, including, without limitation, any Person that has
acquired the related Mortgaged Property and assumed the obligations of the
original obligor under the Note or Notes.

            "Breach": As defined in Section 2.03(b).

            "Business Day": Any day other than a Saturday, a Sunday or a day on
which banking institutions in the states where the Collection Account,
Distribution Account, Trustee, Fiscal Agent, Master Servicer or Special Servicer
are located and are authorized or obligated by law or executive order to remain
closed.

            "Cash Collateral Account": With respect to any Loan that has a
Lock-Box Account, any account or accounts created pursuant to the related
Mortgage, Loan Agreement, Cash Collateral Account Agreement or other loan
document, into which account or accounts the Lock-Box Account monies are swept
on a regular basis for the benefit of the Trustee as successor to the applicable
Mortgage Loan Seller's interest in the Loans. Any Cash Collateral Account shall
be beneficially owned for federal income tax purposes by the Person who is
entitled to receive all reinvestment income or gain thereon in accordance with
the terms and provisions of the related Loan and Section 3.06, which Person
shall be taxed on all reinvestment income or gain thereon. The Master Servicer
shall be permitted to make withdrawals therefrom solely for deposit into the
Collection Account or a Servicing Account, or to remit to Borrower as required
by the related loan documents, as applicable. To the extent not inconsistent
with the terms of the related Loan, each such Cash Collateral Account shall be
an Eligible Account.

            "Cash Collateral Account Agreement": With respect to any Loan, the
cash collateral account agreement, if any, between the related Mortgage Loan
Originator and the related Borrower, pursuant to which the related Cash
Collateral Account, if any, may have been established.

            "CERCLA": The Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended.

            "Certificate": Any one of the Depositor's Commercial Mortgage
Pass-Through Certificates, Series 2002-CP3, as executed by the Trustee or
Certificate Registrar and authenticated and delivered hereunder by the
Authenticating Agent.

            "Certificate Balance": With respect to any Class of Regular
Certificates (other than the Class A-X and Class A-SP Certificates), (i) on or
prior to the first Distribution Date, an amount equal to the Original
Certificate Balance of such Class as specified in the Preliminary Statement
hereto, and (ii) as of any date of determination after the first Distribution
Date, the Certificate Balance of such Class on the Distribution Date immediately
prior to such date of determination (determined as adjusted pursuant to Section
1.02(iii)).

            "Certificate Notional Amount": With respect to any Class A-X or
Class A-SP Certificate, as of any date of determination, the then notional
amount of such Certificate equal to the product of (a) the Percentage Interest
evidenced by such Certificate, multiplied by (b) the then Class A-X or Class
A-SP Notional Amount, as applicable.

            "Certificate Owner": With respect to a Book-Entry Certificate, the
Person who is the beneficial owner of such Certificate as reflected on the books
of the Depository or on the books of a Depository Participant or on the books of
an indirect participating brokerage firm for which a Depository Participant acts
as agent.

            "Certificate Register" and "Certificate Registrar": The register
maintained and the registrar appointed pursuant to Section 5.02.

            "Certificateholder" or "Holder": The Person in whose name a
Certificate is registered in the Certificate Register; provided, however, that
solely for the purposes of giving any consent, approval or waiver pursuant to
this Agreement with respect to the rights, obligations or liabilities of the
Trustee, the Fiscal Agent, the Master Servicer or the Special Servicer, any
Certificate registered in the name of the Trustee, the Fiscal Agent, the Master
Servicer, the Special Servicer or any Affiliate of any of them, as applicable,
shall be deemed not to be outstanding, and the Voting Rights to which it is
entitled shall not be taken into account in determining whether the requisite
percentage of Voting Rights necessary to effect any such consent, approval or
waiver has been obtained; provided that (i) such restrictions shall not apply to
the selection of the Controlling Class (or the Directing Certificateholder) or
the exercise of the Special Servicer's or its Affiliates' rights as a member of
the Controlling Class and (ii) the foregoing shall not apply if the Trustee, the
Fiscal Agent, the Master Servicer or the Special Servicer, as the case may be,
and/or their Affiliates, own the entire Class of each Class of Certificates
affected by such action, vote, consent or waiver. The Trustee shall be entitled
to request and conclusively rely upon a certificate of the Master Servicer or
the Special Servicer in determining whether a Certificate is registered in the
name of an Affiliate of such Person. All references herein to "Holders" or
"Certificateholders" shall reflect the rights of Certificate Owners as they may
indirectly exercise such rights through the Depository and the Depository
Participants, except as otherwise specified herein; provided, however, that the
parties hereto shall be required to recognize as a "Holder" or
"Certificateholder" only the Person in whose name a Certificate is registered in
the Certificate Register.

            "Class": With respect to any Certificates or Uncertificated
Lower-Tier Interests, all of the Certificates or Uncertificated Lower-Tier
Interests bearing the same alphabetical and, if applicable, numerical class
designation.

            "Class A Certificate": Any Class A-1, Class A-2 or Class A-3
Certificate.

            "Class A-1 Certificate": A Certificate designated as "Class A-1" on
the face thereof, substantially in the form of Exhibit A-1 hereto.

            "Class A-1 Pass-Through Rate": 3.6830% per annum.

            "Class A-2 Certificate": A Certificate designated as "Class A-2" on
the face thereof, substantially in the form of Exhibit A-1 hereto.

            "Class A-2 Pass-Through Rate": 5.2400% per annum.

            "Class A-3 Certificate": A Certificate designated as "Class A-3" on
the face thereof, substantially in the form of Exhibit A-1 hereto.

            "Class A-3 Pass-Through Rate": 5.6030% per annum.

            "Class A-X Certificate": A Certificate designated as "Class A-X" on
the face thereof, in the form of Exhibit A-3 hereto.

            "Class A-X Component": Any one of the components set forth under the
definition of "Class A-X Strip Rate."

            "Class A-X Notional Amount": With respect to the Class A-X
Certificates and any date of determination, the sum of the then Component
Notional Amounts of all of the Components.

            "Class A-X Pass-Through Rate": The per annum rate, expressed as a
percentage, equal to the weighted average of the Class A-X Strip Rates of the
Class A-X Components (weighted on the basis of their respective Component
Notional Balances) for such Distribution Date.

            "Class A-X Strip Rate": With respect to any Class of Components
(other than Component A-2, Component A-3-1, Component A-3-2, Component A-3-3,
Component B, Component C, Component D, Component E and Component F) for any
Distribution Date, a rate per annum equal to (i) the Weighted Average Net
Mortgage Rate for such Distribution Date, minus (ii) the Pass-Through Rate for
the Corresponding Certificates, and in the case of Component A-2, Component
A-3-1, Component A-3-2, Component A-3-3, Component B, Component C, Component D,
Component E and Component F, (i) for any Distribution Date occurring on or
before the related Component Crossover Date, (x) the Weighted Average Net
Mortgage Rate for such Distribution Date minus (y) the sum of the Pass-Through
Rate for the Corresponding Certificates for such Distribution Date and the Class
A-SP Strip Rate for such Component for such Distribution Date, and (ii) for any
Distribution Date occurring after the related Component Crossover Date, a rate
per annum equal to (x) the Weighted Average Net Mortgage Rate for such
Distribution Date, minus (y) the Pass-Through Rate for the Corresponding
Certificates (provided that in no event shall any Class A-X Strip Rate be less
than zero).

            "Class A-SP Certificate": A Certificate designated as "Class A-SP"
on the face thereof, in the form of Exhibit A-2 hereto.

            "Class A-SP Component": Each of Components A-2, Component A-3-1,
Component A-3-2, Component A-3-3, Component B, Component C, Component D,
Component E and Component F.

            "Class A-SP Notional Amount": As of any date of determination, the
sum of the then Component Notional Amounts of the Class A-SP Components.

            "Class A-SP Strip Rate": With respect to each of the Class A-SP
Components for any Distribution Date, a rate per annum equal to (i) for any
Distribution Date occurring on or before the related Component Crossover Date,
(x) the lesser of (I) the Weighted Average Net Mortgage Rate for such
Distribution Date and (II) the I/O Split Rate for such Distribution Date minus
(y) the Pass-Through Rate for the Corresponding Certificates (provided that in
no event shall any Class A-SP Strip Rate be less than zero), and (ii) for any
Distribution Date occurring after the related Component Crossover Date, 0% per
annum.

            "Class A-SP Pass-Through Rate": As to any Distribution Date, the per
annum rate, expressed as a percentage, equal to the weighted average of the
Class A-SP Strip Rates of the Class A-SP Components (weighted on the basis of
their respective Component Notional Balances) for such Distribution Date.

            "Class B Certificate": A Certificate designated as "Class B" on the
face thereof, in the form of Exhibit A-4 hereto.

            "Class B Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to 5.7200%.

            "Class C Certificate": A Certificate designated as "Class C" on the
face thereof, in the form of Exhibit A-4 hereto.

            "Class C Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to 5.5100%.

            "Class D Certificate": A Certificate designated as "Class D" on the
face thereof, in the form of Exhibit A-4 hereto.

            "Class D Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of 6.0240% and the Weighted Average Net Mortgage
Rate for such Distribution Date.

            "Class E Certificate": A Certificate designated as "Class E" on the
face thereof, in the form of Exhibit A-4 hereto.

            "Class E Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of 6.1970% and the Weighted Average Net Mortgage
Rate for such Distribution Date.

            "Class F Certificate": A Certificate designated as "Class F" on the
face thereof, in the form of Exhibit A-5 hereto.

            "Class F Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of 6.2950% and the Weighted Average Net Mortgage
Rate for such Distribution Date.

            "Class G Certificate": A Certificate designated as "Class G" on the
face thereof, in the form of Exhibit A-5 hereto.

            "Class G Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.6390% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class H Certificate": A Certificate designated as "Class H" on the
face thereof, in the form of Exhibit A-5 hereto.

            "Class H Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class J Certificate": A Certificate designated as "Class J" on the
face thereof, in the form of Exhibit A-5 hereto.

            "Class J Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class K Certificate": A Certificate designated as "Class K" on the
face thereof, in the form of Exhibit A-6 hereto.

            "Class K Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class L Certificate": A Certificate designated as "Class L" on the
face thereof, in the form of Exhibit A-6 hereto.

            "Class L Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class LA-1 Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LA-2 Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LA-3-1 Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LA-3-2 Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LA-3-3 Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LB Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LC Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LD Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LE Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LF Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LG Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LH Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LJ Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LK Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LL Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LM Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LN Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LO Uncertificated Interest": A regular interest in the
Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC and having the
Original Lower-Tier Principal Amount and per annum rate of interest set forth in
the Preliminary Statement hereto.

            "Class LR Certificate": A Certificate designated as "Class LR" on
the face thereof, in the form of Exhibit A-8 hereto.

            "Class M Certificate": A Certificate designated as "Class M" on the
face thereof, in the form of Exhibit A-6 hereto.

            "Class M Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class N Certificate": A Certificate designated as "Class N" on the
face thereof, in the form of Exhibit A-6 hereto.

            "Class N Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class O Certificate": A Certificate designated as "Class O" on the
face thereof, in the form of Exhibit A-6 hereto.

            "Class O Pass-Through Rate": As to any Distribution Date, a per
annum rate equal to the lesser of (i) 6.0000% and (ii) the Weighted Average Net
Mortgage Rate for such Distribution Date.

            "Class R Certificate": A Certificate designated as "Class R" on the
face thereof, in the form of Exhibit A-8 hereto.

            "Class V Certificate": A Certificate designated as "Class V" on the
face thereof, in the form of Exhibit A-7 hereto. The Class V Certificates have
no Pass-Through Rate, Certificate Balance or Notional Balance.

            "Clearstream": Clearstream, Luxembourg, societe anonyme (formerly
known as Cedelbank), a corporation organized under the laws of the Duchy of
Luxembourg.

            "Closing Date": July 29, 2002.

            "CMSA": The Commercial Mortgage Securities Association, or any
association or organization that is a successor thereto. If neither such
association nor any successor remains in existence, "CMSA" shall be deemed to
refer to such other association or organization as may exist whose principal
membership consists of servicers, trustees, issuers, placement agents and
underwriters generally involved in the commercial mortgage loan securitization
industry, which is the principal such association or organization in the
commercial mortgage loan securitization industry and one of whose principal
purposes is the establishment of industry standards for reporting
transaction-specific information relating to commercial mortgage pass-through
certificates and commercial mortgage-backed bonds and the commercial mortgage
loans and foreclosed properties underlying or backing them to investors holding
or owning such certificates or bonds, and any successor to such other
association or organization. If an organization or association described in one
of the preceding sentences of this definition does not exist, "CMSA" shall be
deemed to refer to such other association or organization as shall be selected
by the Master Servicer and reasonably acceptable to the Trustee, the Fiscal
Agent, the Special Servicer and the Directing Certificateholder.

            "CMSA Bond Level File": The monthly report substantially in the form
of, and containing the information called for in, the downloadable form of the
"Bond Level File" available as of the Closing Date on the CMSA Website, or such
other form for the presentation of such information and containing such
additional information as may from time to time be recommended by the CMSA for
commercial mortgage-backed securities transactions generally (unless the
Directing Certificateholder otherwise consents to the form of such report).

            "CMSA Collateral Summary File": The report substantially in the form
of, and containing the information called for in, the downloadable form of the
"Collateral Summary File" available as of the Closing Date on the CMSA Website,
or such other form for the presentation of such information and containing such
additional information as may from time to time be recommended by the CMSA for
commercial mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report).

            "CMSA Comparative Financial Status Report": A report substantially
in the form of, and containing the information called for in, the downloadable
form of the "Comparative Financial Status Report" available as of the Closing
Date on the CMSA Website, or such other form for the presentation of such
information as may from time to time be recommended by the CMSA for commercial
mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report), and in any
event, setting forth, among other things, (a) the occupancy and debt service
coverage ratio for each Loan or related Mortgaged Property, as applicable, as of
the date of the latest financial information (covering no less than twelve (12)
consecutive months) available immediately preceding the preparation of such
report; and (b) the revenue, expense and net operating income or net cash flow
for each of the following periods (to the extent such information is in the
Master Servicer's or the Special Servicer's possession or under its control):
(i) the most current available year-to-date, (ii) each of the previous two (2)
full fiscal years stated separately; and (iii) the "base year" (representing the
original analysis of information used as of the Cut-off Date). For the purposes
of the production by Master Servicer or the Special Servicer of any such report
that is required to state information for any period prior to the Cut-off Date,
the Master Servicer or the Special Servicer, as the case may be, may
conclusively rely (without independent verification), absent manifest error, on
information provided to it by the related Mortgage Loan Seller, by the related
Borrower or (x) in the case of such a report produced by the Master Servicer, by
the Special Servicer (if other than the Master Servicer or an Affiliate thereof)
and (y) in the case of such a report produced by the Special Servicer, by the
Master Servicer (if other than the Special Servicer or an Affiliate thereof).

            "CMSA Delinquent Loan Status Report": A report substantially in the
form of, and containing the information called for in, the downloadable form of
the "Delinquent Loan Status Report" available as of the Closing Date on the CMSA
Website, or such other form for the presentation of such information and
containing such additional information as may from time to time be recommended
by the CMSA for commercial mortgage securities transactions generally (unless
the Directing Certificateholder otherwise consents to the form of such report).

            "CMSA Financial File": A report substantially in the form of, and
containing the information called for in, the downloadable form of the
"Financial File" available as of the Closing Date on the CMSA Website, or such
other form for the presentation of such information and containing such
additional information as may from time to time be recommended by the CMSA for
commercial mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report).

            "CMSA Historical Liquidation Report": A report substantially in the
form of, and containing the information called for in, the downloadable form of
the "Historical Liquidation Report" available as of the Closing Date on the CMSA
Website, or such other form for the presentation of such information and
containing such additional information as may from time to time be recommended
by the CMSA for commercial mortgage securities transactions generally (unless
the Directing Certificateholder otherwise consents to the form of such report).

            "CMSA Historical Loan Modification Report": A report substantially
in the form of, and containing the information called for in, the downloadable
form of the "Historical Loan Modification Report" available as of the Closing
Date on the CMSA Website, or such other form for the presentation of such
information and containing such additional information as may from time to time
be recommended by the CMSA for commercial mortgage securities transactions
generally (unless the Directing Certificateholder otherwise consents to the form
of such report).

            "CMSA Loan Periodic Update File": The monthly report substantially
in the form of, and containing the information called for in, the downloadable
form of the "Loan Periodic Update File" available as of the Closing Date on the
CMSA Website, or such other form for the presentation of such information and
containing such additional information as may from time to time be recommended
by the CMSA for commercial mortgage securities transactions generally (unless
the Directing Certificateholder otherwise consents to the form of such report).

            "CMSA Loan Setup File": The report substantially in the form of, and
containing the information called for in, the downloadable form of the "Loan
Setup File" available as of the Closing Date on the CMSA Website, or such other
form for the presentation of such information and containing such additional
information as may from time to time be recommended by the CMSA for commercial
mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report).

            "CMSA NOI Adjustment Worksheet": A report substantially in the form
of, and containing the information called for in, the downloadable form of the
"NOI Adjustment Worksheet" available as of the Closing Date on the CMSA Website,
or such other form for the presentation of such information and containing such
additional information as may from time to time be recommended by the CMSA for
commercial mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report), and in any
event, shall present the computations made in accordance with the methodology
described in such form to "normalize" the full year net operating income or net
cash flow, as applicable, and debt service coverage numbers used in the other
reports required by this Agreement.

            "CMSA Operating Statement Analysis Report": A report substantially
in the form of, and containing the information called for in, the downloadable
form of the "Operating Statement Analysis Report" available as of the Closing
Date on the CMSA Website or in such other form for the presentation of such
information and containing such additional information as may from time to time
be recommended by the CMSA for commercial mortgage-backed securities
transactions generally (unless the Directing Certificateholder otherwise
consents to the form of such report).

            "CMSA Property File": A report substantially in the form of, and
containing the information called for in, the downloadable form of the "Property
File" available as of the Closing Date on the CMSA Website, or such other form
for the presentation of such information and containing such additional
information as may from time to time be recommended by the CMSA for commercial
mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report).

            "CMSA REO Status Report": A report substantially in the form of, and
containing the information called for in, the downloadable form of the "REO
Status Report" available as of the Closing Date on the CMSA Website, or in such
other form for the presentation of such information and containing such
additional information as may from time to time be recommended by the CMSA for
commercial mortgage securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report).

            "CMSA Servicer Watch List": For any Determination Date, a report
substantially in the form of, and containing the information called for in such
form for the presentation of such information and containing such additional
information as may from time to time be recommended by the CMSA for commercial
mortgage-backed securities transactions generally (unless the Directing
Certificateholder otherwise consents to the form of such report), and until such
time as the CMSA shall recommend a form of Servicer Watch List, a report or
reports setting forth, among other things, certain Loans that (i) have
experienced a decrease of at least (a) 10% in Debt Service Coverage Ratio from
the previous reporting period or (b) 20% in Debt Service Coverage Ratio in the
prior 12 month trailing period (unless the Master Servicer shall have reasonably
determined that such decrease is due to the seasonal nature or use of the
related Mortgaged Property), (ii) have experienced a loss of or bankruptcy of
the largest tenant (to the extent the Master Servicer has actual knowledge of
such loss or bankruptcy) or (iii) the Master Servicer has determined in its good
faith and reasonable judgment that a default in the payment of a Monthly Payment
is likely to occur; provided that, upon adoption by the CMSA of a standard
format and criteria, in respect of commercial mortgage loans generally, such
format and criteria shall be used for this report instead the preceding
criteria.

            "CMSA Website": The CMSA's Website located at "www.cmbs.org" or such
other primary website as the CMSA may establish for dissemination of its report
forms.

            "Code": The Internal Revenue Code of 1986, as amended from time to
time, and applicable final or temporary regulations of the U.S. Department of
the Treasury issued pursuant thereto.

            "Collateral Support Deficit": As defined in Section 4.04.

            "Collection Account": One or more separate custodial accounts
created and maintained by the Master Servicer or any Sub-Servicer on behalf of
the Master Servicer pursuant to Section 3.04(a) in the name of the Trustee on
behalf of the Certificateholders and the holder of any related B Note or
Companion Loan, as applicable, as their interests may appear, into which the
amounts set forth in Section 3.04(a) shall be deposited directly, which account
shall be entitled "[____________], in trust for LaSalle Bank National
Association, as Trustee for the benefit of Holders of Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series
2002-CP3, and the holder of the B Note or Companion Loan, as applicable, as
their interests appear, Collection Account." Any such account or accounts shall
be an Eligible Account and shall be part of the Lower-Tier REMIC.

            "Commission": The Securities and Exchange Commission.

            "Companion Loan": The A-2 Note, which is secured on a pari passu
basis with the corresponding West Farms Mall Loan. The Companion Loan is not a
"Loan."

            "Companion Loan Custodial Account": Each of the custodial
sub-account(s) of the Collection Account (but which are not included in the
Trust) created and maintained by the Master Servicer pursuant to Section 3.04 on
behalf of the holder of the related Companion Loan. Any such sub-account(s)
shall be maintained as a sub-account of an Eligible Account.

            "Component": Each of Component A-1, Component A-2, Component A-3-1,
Component A-3-2, Component A-3-3, Component B, Component C, Component D,
Component E, Component F, Component G, Component H, Component J, Component K,
Component L, Component M, Component N and Component O.

            "Component Crossover Date": (i) With respect to the Class A-2
Component, the Distribution Date occurring in March 2005, (ii) with respect to
the Class A-3-1 Component, the Distribution Date occurring in February 2007,
(iii) with respect to the Class A-3-2 Component, the Distribution Date occurring
in June 2008, (iv) with respect to the Class A-3-3 Component, the Distribution
Date occurring in July 2009, (v) with respect to the Class B Component, the
Class C Component, the Class D Component and the Class E Component, the
Distribution Date occurring in July 2009 and (vi) with respect to the Class F
Component, the Distribution Date occurring in August 2008.

            "Component A-1": One of eighteen components of the Class A-X
Certificates having a Component Notional Amount equal to the then current
Lower-Tier Principal Amount of the Class LA-1 Uncertificated Interest as of any
date of determination.

            "Component A-2": One of eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LA-2 Uncertificated Interest as of any date of
determination.

            "Component A-3-1": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LA-3-1 Uncertificated Interest as of any date of
determination.

            "Component A-3-2": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LA-3-2 Uncertificated Interest as of any date of
determination.

            "Component A-3-3": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LA-3-3 Uncertificated Interest as of any date of
determination.

            "Component B": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LB Uncertificated Interest as of any date of
determination.

            "Component C": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LC Uncertificated Interest as of any date of
determination.

            "Component D": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LD Uncertificated Interest as of any date of
determination.

            "Component E": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LE Uncertificated Interest as of any date of
determination.

            "Component F": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LF Uncertificated Interest as of any date of
determination.

            "Component G": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LG Uncertificated Interest as of any date of
determination.

            "Component H": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LH Uncertificated Interest as of any date of
determination.

            "Component J": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LJ Uncertificated Interest as of any date of
determination.

            "Component K": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LK Uncertificated Interest as of any date of
determination.

            "Component L": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LL Uncertificated Interest as of any date of
determination.

            "Component M": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LM Uncertificated Interest as of any date of
determination.

            "Component N": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LN Uncertificated Interest as of any date of
determination.

            "Component O": One of the eighteen components of the Class A-X
Certificates and one of the nine components of the Class A-SP Certificates
having a Component Notional Amount equal to the then current Lower-Tier
Principal Amount of the Class LO Uncertificated Interest as of any date of
determination.

            "Component Notional Amount": With respect to each Component and any
date of determination, an amount equal to the then Lower-Tier Principal Amount
of its Corresponding Uncertificated Lower-Tier Interest.

            "Component": Any one of the Class A-X Components or the Class A-SP
Components.

            "Controlling Class": As of any date of determination, the most
subordinate Class of Regular Certificates (other than the Class A-X Certificates
and Class A-SP Certificates) then outstanding that has a Certificate Balance at
least equal to 25% of the initial Certificate Balance of such Class; or, if no
such Class exists, the most subordinate Class then outstanding. As of the
Closing Date, the Controlling Class shall be the Class O Certificates.

            "Controlling Class Certificateholder": Each Holder (or Certificate
Owner, if applicable) of a Certificate of the Controlling Class as certified by
the Certificate Registrar to the Trustee from time to time.

            "Corporate Trust Office": The principal corporate trust office of
the Trustee at which at any particular time its asset-backed securities trust
business with respect to this Agreement shall be administered, which office at
the date of the execution of this Agreement is located at 135 South LaSalle
Street, Suite 1625, Chicago, IL 60603, Attention: Asset-Backed Securities Trust
Services Group--Credit Suisse First Boston Mortgage Securities Corp., Commercial
Mortgage Pass-Through Certificates, Series 2002-CP3, or at such other address as
the Trustee or Certificate Registrar may designate from time to time by notice
to the Certificateholders, the Fiscal Agent, the Depositor, the Master Servicer
and the Special Servicer.

            "Corrected Loan": Any Specially Serviced Loan that has become
current and remained current for three consecutive Monthly Payments (for such
purposes taking into account any modification or amendment of such Loan,
Companion Loan or B Note, as the case may be) and as to which Loan the Special
Servicer has returned servicing to the Master Servicer pursuant to Section
3.21(a).

            "Corresponding Certificates": As defined in the Preliminary
Statement hereto.

            "Corresponding Components": As defined in the Preliminary Statement
hereto.

            "Corresponding Uncertificated Lower-Tier Interests": As defined in
the Preliminary Statement hereto.

            "Credit File": Any documents, other than documents required to be
part of the related Mortgage File, in the possession of the Master Servicer and
relating to the origination and servicing of any Loan.

            "Crossed Loan": Any Loan which is cross-defaulted and
cross-collateralized with any other Loan.

            "Crossed Loan Repurchase Criteria": (i) The Debt Service Coverage
Ratio for all remaining related Crossed Loans for the four calendar quarters
immediately preceding the repurchase or substitution is not less than the
greater of (a) the Debt Service Coverage Ratio for all such related Crossed
Loans, including the affected Crossed Loan, for the four calendar quarters
immediately preceding the repurchase or substitution and (b) 1.25x, (ii) the
loan-to-value ratio for any remaining related Crossed Loans determined at the
time of repurchase or substitution based upon an Appraisal obtained by the
Special Servicer at the expense of the related Mortgage Loan Seller is not
greater than the lesser of (a) the Loan-to-Value Ratio for all such related
Crossed Loans, including the affected Crossed Loan, (b) the loan-to-value ratio
for all such related Crossed Loans, including the affected Crossed Loan,
determined at the time of repurchase or substitution based upon an Appraisal
obtained by the Special Servicer at the expense of the related Mortgage Loan
Seller and (c) 75%, and (iii) the Trustee receives an Opinion of Counsel (at the
expense of the Mortgage Loan Seller) to the effect that such repurchase or
substitution will not result in the imposition of a tax on the assets of the
Trust Fund, cause the remaining Crossed Loans to have been significantly
modified under the REMIC Provisions or cause any Trust REMIC to fail to qualify
as a REMIC for federal or applicable state tax purposes at any time that any of
the Certificates are outstanding.

            "CSFB Loans": The Loans transferred to the Depositor pursuant to the
CSFB Mortgage Loan Purchase Agreement and identified on Schedule II-A thereto.

            "CSFB Mortgage Loan Purchase Agreement": With respect to the CSFB
Loans and certain PNC Loans which are identified therein, the agreement between
the Depositor, the CSFB Mortgage Loan Seller and the PNC Mortgage Loan Seller,
dated as of July 1, 2002, relating to the transfer of all of the CSFB Mortgage
Loan Seller's right, title and interest in and to the CSFB Loans and the PNC
Loans identified on Schedule II-B thereto.

            "CSFB Mortgage Loan Seller": Column Financial, Inc., a Delaware
corporation, and its successors in interest.

            "Cut-off Date": Individually and collectively, the respective Due
Dates for the Loans in July 2002.

            "Cut-off Date Principal Balance": With respect to any Loan, the
outstanding principal balance of such Loan, Companion Loan or B Note as of the
Cut-off Date, after application of all payments of principal due on or before
such date, whether or not received.

            "Debt Service Coverage Ratio": With respect to any Loan for any
twelve-month period covered by an annual operating statement for the related
Mortgaged Property, the ratio of (i) Net Operating Income produced by the
related Mortgaged Property during such period to (ii) the aggregate amount of
Monthly Payments (other than any Balloon Payment) due under such Loan during
such period.

            "Default Interest": With respect to any Loan (or successor REO
Loan), any amounts collected thereon, other than late payment charges or Yield
Maintenance Charges, that represent interest in excess of interest accrued on
the principal balance of such Loan (or REO Loan) at the related Mortgage Rate,
such excess interest arising out of a default under such Loan.

            "Defaulted Loan": A Loan, Companion Loan or B Note that is at least
sixty days delinquent in respect of its Monthly Payments, or delinquent in
respect of its Balloon Payment, if any, in each case without giving effect to
any grace period permitted by the related Mortgage or Note or if any
non-monetary event of default occurs that results in the Loan, Companion Loan or
B Note becoming a Specially Serviced Loan; provided, however, that no Monthly
Payment (other than a Balloon Payment) shall be deemed delinquent if less than
ten dollars of all amounts due and payable on such Loan, Companion Loan or B
Note has not been received.

            "Defaulting Party": As defined in Section 7.01(b).

            "Defeasance Collateral": As defined in Section 3.08(g)(i).

            "Defeasance Loan": As defined in Section 3.08(g).

            "Defect": As defined in Section 2.02(e).

            "Deficient Valuation": With respect to any Loan (other than the
Westfarms Mall Loan) and the Westfarms Mall Total Loan, a valuation by a court
of competent jurisdiction of the Mortgaged Property in an amount less than the
then outstanding principal balance of the Loan or the Westfarms Mall Total Loan,
which valuation results from a proceeding initiated under the Bankruptcy Code.

            "Definitive Certificate": A Certificate issued in registered,
definitive physical form.

            "Denomination": As defined in Section 5.01(b).

            "Depositor": Credit Suisse First Boston Mortgage Securities Corp., a
Delaware corporation, or its successor in interest.

            "Depository": The Depository Trust Company, or any successor
Depository hereafter named. The nominee of the initial Depository for purposes
of registering those Certificates that are to be Book-Entry Certificates, is
Cede & Co. The Depository shall at all times be a "clearing corporation" as
defined in Section 8-102(3) of the Uniform Commercial Code of the State of New
York and a "clearing agency" registered pursuant to the provisions of Section
17A of the Exchange Act.

            "Depository Participant": A broker, dealer, bank or other financial
institution or other Person for whom from time to time the Depository effects
book-entry transfers and pledges of securities deposited with the Depository.

            "Depository Rules": As defined in Section 5.02(b).

            "Determination Date": With respect to any Distribution Date, the
close of business on the 11th day of the month in which such Distribution Date
occurs, or if such 11th day is not a Business Day, the Business Day immediately
following such 11th day.

            "Directing Certificateholder": The Controlling Class
Certificateholder selected by the Holders of more than 50% of the Percentage
Interests in the Controlling Class, by Certificate Balance, as certified by the
Trustee from time to time and as shall be evidenced by notice delivered by the
Directing Certificateholder to the parties hereto and the prior Directing
Certificateholder, if any; provided, however, that until a Directing
Certificateholder is so selected or after receipt of a notice from the Holders
of more than 50% of the Percentage Interests in the Controlling Class that a
Directing Certificateholder is no longer designated, the Controlling Class
Certificateholder that beneficially owns the largest aggregate Certificate
Balance of the Controlling Class shall be the Directing Certificateholder. The
initial Directing Certificateholder will be Clarion Partners, LLC. No
appointment of any Person as a Directing Certificateholder shall be effective
until such Person provides the Trustee, the Master Servicer and the Special
Servicer with written confirmation of its acceptance of such appointment, an
address and telecopy number for the delivery of notices and other correspondence
and a list of officers or employees of such Person with whom the parties to this
Agreement may deal (including their names, titles, work addresses and telecopy
numbers). If no Person is appointed a Directing Certificateholder, the Master
Servicer, the Special Servicer and the Trustee shall not be required to
recognize the Controlling Class Certificateholder that beneficially owns the
largest aggregate Certificate Balance of the Controlling Class as the Directing
Certificateholder until such Certificateholder provides an address and telecopy
number for the delivery of notices and other correspondence and a list of
officers or employees of such Person with whom the parties to this Agreement may
deal (including their names, titles, work addresses and telecopy numbers).
Notwithstanding the foregoing, with respect to the Westfarms Mall Loan, the
holder of the A-2 Note shall be entitled to a 50% vote in all matters in which
the Directing Certificateholder has rights with respect to such Loan.

            "Directly Operate": With respect to any REO Property, the furnishing
or rendering of services to the tenants thereof that are not (within the meaning
of Treasury Regulation Section 1.512(b)-1(c)(5)) customarily provided to tenants
in connection with the rental of space for occupancy, the management or
operation of such REO Property, the holding of such REO Property primarily for
sale to customers in the ordinary course of a trade or business, the performance
of any construction work thereon or any use of such REO Property in a trade or
business conducted by the Trust Fund, in each case other than through an
Independent Contractor; provided, however, that the Trustee (or the Master
Servicer or the Special Servicer on behalf of the Trustee) shall not be
considered to Directly Operate an REO Property solely because the Trustee (or
the Master Servicer or the Special Servicer on behalf of the Trustee)
establishes rental terms, chooses tenants, enters into or renews leases, deals
with taxes and insurance or makes decisions as to repairs (of the type that
would be deductible under Section 162 of the Code) or capital expenditures with
respect to such REO Property.

            "Disqualified Organization": Any of (i) the United States, any State
or political subdivision thereof, any possession of the United States or any
agency or instrumentality of any of the foregoing (other than an instrumentality
that is a corporation if all of its activities are subject to tax and, except
for FHLMC, a majority of its board of directors is not selected by such
governmental unit), (ii) a foreign government, any international organization or
any agency or instrumentality of any of the foregoing, (iii) any organization
(other than certain farmers' cooperatives described in Section 521 of the Code)
that is exempt from the tax imposed by Chapter 1 of the Code (including the tax
imposed by Section 511 of the Code on unrelated business taxable income), (iv)
rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of
the Code and (v) any other Person so designated by the Master Servicer or the
Trustee based upon an Opinion of Counsel provided to the Trustee (which shall
not be an expense of the Trustee) that the holding of an Ownership Interest in a
Residual Certificate by such Person may cause the Lower-Tier REMIC or the
Upper-Tier REMIC to fail to qualify as a REMIC or any Person having an Ownership
Interest in any Class of Certificates (other than such Person) to incur a
liability for any federal tax imposed under the Code that would not otherwise be
imposed but for the Transfer of an Ownership Interest in a Residual Certificate
to such Person. The terms "United States," "State" and "international
organization" shall have the meanings set forth in Section 7701 of the Code or
successor provisions.

            "Distribution Account": The account, accounts or sub-accounts
created and maintained by the Trustee, pursuant to Section 3.04(b), in trust for
the Certificateholders, which shall be entitled "LaSalle Bank, National
Association, as Trustee, for the benefit of Holders of Credit Suisse First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series 2002-CP3, Distribution Account."

            "Distribution Date": With respect to any month, the later of the
15th calendar day of the month and the fourth Business Day after the
Determination Date of such month, commencing in August, 2002.

            "Document Defect": As defined in Section 2.03(b).

            "Due Date": With respect to (i) any Loan, Companion Loan or B Note
on or prior to its Maturity Date, the day of the month set forth in the related
Note on which each Monthly Payment thereon is scheduled to be first due (without
giving effect to any grace period with respect to late Monthly Payments), (ii)
any Loan, Companion Loan or B Note after the Maturity Date therefor, the day of
the month set forth in the related Note on which each Monthly Payment on such
Loan, Companion Loan or B Note had been scheduled to be first due (without
giving effect to any grace period) and (iii) any REO Loan, the day of the month
set forth in the related Note on which each Monthly Payment on the related Loan,
Companion Loan or B Note had been scheduled to be first due (without giving
effect to any grace period).

            "Due Period": With respect to each Distribution Date, the period
commencing immediately following the Determination Date in the calendar month
preceding the month in which such Distribution Date occurs (or, in the case of
the initial Distribution Date, commencing as of the Closing Date) and ending on
and including the Determination Date in the calendar month in which such
Distribution Date occurs.

            "Eligible Account": Either (i) an account or accounts maintained
with a federal or state chartered depository institution or trust company
(including the Trustee) the long-term unsecured debt obligations of which are
rated at least "AA" by Fitch and S&P (or "A" if the short-term debt obligations
thereof have a short-term rating of not less than "F-1" or "A-1", as applicable)
and "Aa3" by Moody's, if the deposits are to be held in such account for more
than 30 days or the short-term debt obligations of which have a short-term
rating of not less than "A-1" by Fitch and S&P and "P-1" by Moody's if the
deposits are to be held in such account for 30 days or less, or such other
account or accounts with respect to which each of the Rating Agencies shall have
confirmed in writing that the then-current rating assigned to any of the
Certificates that are currently being rated by such Rating Agency will not be
qualified (as applicable), downgraded or withdrawn by reason thereof or (ii) a
segregated trust account or accounts maintained with the corporate trust
department of a federal- or state-chartered depository institution or trust
company that, in either case, has a combined capital and surplus of at least
$50,000,000 and has corporate trust powers, acting in its fiduciary capacity,
provided that any state-chartered depository institution or trust company is
subject to regulation regarding fiduciary funds substantially similar to 12
C.F.R. ss. 9.10(b), (iii) an account or accounts maintained by PNC so long as
PNC (1) shall have a long-term unsecured debt rating of at least "A" and a
short-term rating of at least "P-1" from Moody's and (2) has the appropriate
rating from Fitch and S&P specified in clause (i) above, (iv) an account or
accounts maintained by KeyBank so long as KeyBank (1) shall have a long-term
unsecured debt rating of at least "A" and a short-term rating of at least "P-1"
from Moody's and (2) has the appropriate rating from Fitch and S&P specified in
clause (i) above or (v) such other account or accounts with respect to which
each of the Rating Agencies shall have confirmed in writing that the
then-current rating assigned to any of the Certificates that are currently being
rated by such Rating Agency will not be qualified (as applicable), downgraded or
withdrawn by reason thereof. Eligible Accounts may bear interest. No Eligible
Account shall be evidenced by a certificate of deposit, passbook or other
similar instrument.

            "Eligible Investor": With respect to the Private Certificates, (i) a
Qualified Institutional Buyer that is purchasing for its own account or for the
account of a Qualified Institutional Buyer to whom notice is given that the
offer, sale or transfer is being made in reliance on Rule 144A, (ii) a Person
which is not a "U.S. Person" as defined in Regulation S under the Securities Act
that is purchasing for its own account or for the account of a Person which is
not such a "U.S. Person" and (iii) an Institutional Accredited Investor.

            "Environmental Assessment": A "Phase I environmental assessment" as
described in and meeting the criteria of the American Society of Testing
Materials Standard E 1527-94 or any successor thereto published by the American
Society of Testing Materials.

            "Environmental Insurance Policy": With respect to any Loan, any
insurance policy covering Insured Environmental Events that is maintained from
time to time in respect of such Loan or the related Mortgaged Property.

            "Environmental Insurer": The provider of insurance pursuant to any
Environmental Insurance Policy.

            "ERISA": The Employee Retirement Income Security Act of 1974, as
amended.

            "ERISA Restricted Certificate": (a) Any Class H, Class J, Class K,
Class L, Class M, Class N and Class O Certificate; provided that any such
Certificate (a) will cease to be considered an ERISA Restricted Certificate and
(b) will cease to be subject to the transfer restrictions contained in Section
5.02(e) if, as of the date of a proposed transfer of such Certificate, either
(i) it is rated in one of the four highest generic ratings categories by a
Rating Agency or (ii) relevant provisions of ERISA would permit transfer of such
Certificate to a Plan (in the case of clause (ii), as evidenced by an Opinion of
Counsel); and (b) any other Class of Certificates, if such Class is no longer
rated in one of four highest generic ratings categories by a Rating Agency as of
the date of a proposed transfer of such Class of Certificate.

            "ERISA Prohibited Holder": As defined in Section 5.02(g)(i)(A).

            "Escrow Payment": Any payment received by the Master Servicer for
the account of any Borrower for application toward the payment of real estate
taxes, assessments, Insurance Policy premiums and similar items in respect of
the related Mortgaged Property, including amounts for deposit to any reserve
account.

            "Euroclear": The Euroclear System.

            "Event of Default": One or more of the events described in Section
7.01(a).

            "Excess Interest": With respect to each of the ARD Loans, interest
accrued on such Loan and allocable to the Excess Rate. The Excess Interest is an
asset of the Trust Fund, but shall not be an asset of any Trust REMIC.

            "Excess Interest Distribution Account": The trust account, accounts
or subaccount created and maintained by the Trustee, which may be a subaccount
of the Distribution Account pursuant to Section 3.04(c), which shall be entitled
"LaSalle Bank National Association, as Trustee, in trust for Holders of Credit
Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
Certificates, Series 2002-CP3, Excess Interest Distribution Account" and which
shall be an Eligible Account or a subaccount of an Eligible Account. The Excess
Interest Distribution Account shall not be an asset of any Trust REMIC.

            "Excess Liquidation Proceeds": The excess, if any, of (a) the
Liquidation Proceeds from the sale or liquidation of a Specially Serviced Loan
or REO Property, net of (i) interest on any related Advances and (ii) any
related Servicing Advances, over (b) the amount needed to pay off in full the
Loan (or, in the case of an REO Property related to the Westfarms Mall Loan, the
amount needed to pay off in full the related A-1 Note, the Companion Loan and
the B Note) or related REO Loan and all amounts due with respect thereto.

            "Excess Liquidation Proceeds Account": The trust account, accounts
or sub-account created and maintained by the Trustee, which may be a sub-account
of the Distribution Account, pursuant to Section 3.04(d) in trust for the
Certificateholders, which shall be entitled "LaSalle Bank National Association
[or the name of any successor Trustee], as Trustee, in trust for the registered
holders of Credit Suisse First Boston Mortgage Securities Corp., Commercial
Mortgage Pass-Through Certificates, Series 2002-CP3." The Excess Liquidation
Proceeds Account shall be an asset of the Lower-Tier REMIC.

            "Excess Rate": With respect to each ARD Loan after the related
Anticipated Repayment Date, the excess of (i) the applicable Revised Rate over
(ii) the applicable Mortgage Rate, each as initially set forth in the Mortgage
Loan Schedule.

            "Excess Servicing Strip": The excess of the Master Servicing Fee
Rate over 0.005% (0.50 basis points) per annum, subject to reduction by the
Trustee pursuant to Section 3.11(a).

            "Exchange Act": The Securities Exchange Act of 1934, as amended from
time to time.

            "Exchange Act Report": The monthly Statement to Certificateholders
to be filed with the Commission, under cover of the related form required by the
Exchange Act.

            "Fair Value": As defined in Section 3.18(b).

            "FDIC": Federal Deposit Insurance Corporation or any successor.

            "FHLMC": Federal Home Loan Mortgage Corporation or any successor.

            "Final Recovery Determination": A determination by the Special
Servicer with respect to any Defaulted Loan or REO Property that there has been
a recovery of all Insurance and Condemnation Proceeds, Liquidation Proceeds and
other payments or recoveries that, in the Special Servicer's reasonable good
faith judgment, exercised without regard to any obligation of the Special
Servicer to make payments from its own funds pursuant to Section 3.07(b), will
ultimately be recoverable.

            "Fiscal Agent": ABN AMRO Bank N.V., a banking association organized
under the laws of the Netherlands and its permitted successors and assigns.

            "Fiscal Agent Termination Event": As defined in Section 4.08.

            "Fitch": Fitch Ratings or its successor in interest.

            "FNMA": Federal National Mortgage Association or any successor
thereto.

            "Hazardous Materials": Any dangerous, toxic or hazardous pollutants,
chemicals, wastes or substances, including, without limitation, those so
identified pursuant to CERCLA or any other federal, state or local environmental
related laws and regulations, and specifically including, without limitation,
asbestos and asbestos-containing materials, polychlorinated biphenyls, radon
gas, petroleum and petroleum products, urea formaldehyde and any substances
classified as being "in inventory," "usable work in process" or similar
classification which would, if classified as unusable, be included in the
foregoing definition.

            "I/O Split Rate": With respect to any Distribution Date, the rate
per annum corresponding to the related Distribution Date as set forth on
Schedule I hereto.

            "Independent": When used with respect to any specified Person, any
such Person that (i) is in fact independent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee, the Fiscal Agent and any and all
Affiliates thereof, (ii) does not have any material direct financial interest in
or any material indirect financial interest in any of the Depositor, the Master
Servicer, the Special Servicer or any Affiliate thereof and (iii) is not
connected with the Depositor, the Master Servicer, the Special Servicer or any
Affiliate thereof as an officer, employee, promoter, underwriter, trustee,
partner, director or Person performing similar functions; provided, however,
that a Person shall not fail to be Independent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee, the Fiscal Agent or any Affiliate
thereof merely because such Person is the beneficial owner of 1% or less of any
Class of debt or equity securities issued by the Depositor, the Master Servicer,
the Special Servicer, the Trustee, the Fiscal Agent or any Affiliate thereof, as
the case may be.

            "Independent Contractor": Either (i) any Person that would be an
"independent contractor" with respect to the Trust Fund within the meaning of
Section 856(d)(3) of the Code if the Trust Fund were a real estate investment
trust (except that the ownership test set forth in that Section shall be
considered to be met by any Person that owns, directly or indirectly, 35% or
more of any Class of Certificates, or such other interest in any Class of
Certificates as is set forth in an Opinion of Counsel, which shall be at no
expense to the Trustee, the Master Servicer or the Trust, delivered to the
Trustee and the Master Servicer), so long as the Trust Fund does not receive or
derive any income from such Person and provided that the relationship between
such Person and the Trust Fund is at arm's length, all within the meaning of
Treasury Regulations Section 1.856-4(b)(5) (except that the Master Servicer or
the Special Servicer shall not be considered to be an Independent Contractor
under the definition in this clause (i) unless an Opinion of Counsel (at the
expense of the party seeking to be deemed an Independent Contractor) has been
delivered to the Trustee to that effect or (ii) any other Person (including the
Master Servicer and the Special Servicer) upon receipt by the Trustee and the
Master Servicer of an Opinion of Counsel (at the expense of the party seeking to
be deemed an Independent Contractor), to the effect that the taking of any
action in respect of any REO Property by such Person, subject to any conditions
therein specified, that is otherwise herein contemplated to be taken by an
Independent Contractor will not cause such REO Property to cease to qualify as
"foreclosure property" within the meaning of Section 860G(a)(8) of the Code or
cause any income realized in respect of such REO Property to fail to qualify as
Rents from Real Property (provided that such income would otherwise so qualify).

            "Independent Director: A duly appointed member of the board of
directors of the relevant entity who shall not have been, at the time of such
appointment, at any time after appointment, or at any time in the preceding five
(5) years, (i) a direct or indirect legal or beneficial owner in such entity or
any of its affiliates, (ii) a creditor, supplier, employee, officer, director,
manager or contractor of such entity or any of its affiliates, (iii) a person
who controls such entity or any of its affiliates, or (iv) a member of the
immediate family of a person defined in (i), (ii) or (iii) above.

            "Ineligible Class V Owner": Any Borrower, or any entity that owns an
ownership interest in a Borrower, other than, in each case, the CSFB Mortgage
Loan Seller or an affiliate thereof.

            "Initial Purchaser": Credit Suisse First Boston Corporation, as
initial purchaser of the Private Certificates.

            "Initial Resolution Period": As defined in Section 2.03(b).

            "Initial Review Period": As defined in Section 3.21(e).

            "Institutional Accredited Investor": As defined in Section 5.02(b).

            "Institutional Lender/Owner": One or more of the following: (i) a
bank, saving and loan association, investment bank, insurance company, real
estate investment trust, trust company, commercial credit corporation, pension
plan, pension fund or pension advisory firm, mutual fund, government entity or
plan, (ii) an investment company, money management firm or "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act of
1933, as amended, which is regularly engaged in the business of making or owning
mezzanine loans of similar types to the mezzanine loan in the question, (iii) a
trustee in connection with a securitization of the mezzanine loan, so long as
such trustee or the servicer therefor is an entity that otherwise would be an
Institutional Lender/Owner, (iv) an institution substantially similar to any of
the foregoing, in each case of clauses (i), (ii), (iii) or (iv) of this
definition, which (A) has total assets (in name or under management) in excess
of $600,000,000 and (except with respect to a pension advisory firm or similar
fiduciary) capital/statutory surplus or shareholder's equity of $200,000,000 and
(B) is regularly engaged in the business of making or owning commercial loans or
(v) an entity Controlled (as defined below) by the Underwriters or any of the
entities described in clause (i) above. For purposes of this definition only,
"Control" means the ownership, directly or indirectly, in the aggregate of more
than fifty percent (50%) of the beneficial ownership interests of an entity and
the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of an entity, whether through the
ability to exercise voting power, by contract or otherwise ("Controlled" has the
meaning correlative thereto). The Special Servicer shall obtain from the
proposed transferee, and shall be entitled to rely on, (i) an officer's
certificate of a proposed transferee that such transferee satisfies the
requirements of this definition and (ii) in the case of any proposed transferee
that is an entity described in and meeting the criteria in clauses (i)-(iv) of
the immediately preceding sentence, the most recent financial statements of such
transferee.

            "Insurance and Condemnation Proceeds": All proceeds (net of expenses
of collection) paid under any Insurance Policy or in connection with the full or
partial condemnation of a Mortgaged Property, in either case, to the extent such
proceeds are not applied to the restoration of the related Mortgaged Property or
released to the Borrower, in either case, in accordance with the Servicing
Standard.

            "Insurance Policy": With respect to any Loan, any hazard insurance
policy, flood insurance policy, title policy or other insurance policy that is
maintained from time to time in respect of such Loan or the related Mortgaged
Property.

            "Insured Environmental Event": As defined in Section 3.07.

            "Intercreditor Agreement": The A/B Mortgage Loan Intercreditor
Agreement and/or the Westfarms Mall A Note Intercreditor Agreement, as the case
may be.

            "Interest Accrual Period": With respect to any Class of Regular
Certificates or Uncertificated Lower-Tier Interests and any Distribution Date,
the calendar month preceding the month in which such Distribution Date occurs.
Each Interest Accrual Period shall be deemed for purposes of this definition to
consist of 30 days.

            "Interest Reserve Account": The account created and maintained by
the Trustee, which may be a subaccount of the Distribution Account, pursuant to
Section 3.28, which shall be entitled "LaSalle Bank National Association, as
Trustee, in trust for Holders of Credit Suisse First Boston Mortgage Securities
Corp., Commercial Mortgage Pass-Through Certificates, Series 2002-CP3, Interest
Reserve Account," which shall be an Eligible Account or a subaccount of an
Eligible Account.

            "Interest Shortfall Amount": As to any Distribution Date and any
Class of Regular Certificates, the amount, if any, by which the amount
distributed on such Class on such Distribution Date in respect of interest is
less than the related Optimal Interest Distribution Amount.

            "Interested Person": The Depositor, the Master Servicer, the Special
Servicer, any Independent Contractor engaged by the Special Servicer, any Holder
of a Certificate or any Affiliate of any such Person.

            "Investment Account": As defined in Section 3.06(a).

            "Issue Price": With respect to each Class of Certificates, the
"issue price" as defined in the REMIC Provisions.

            "KeyBank": KeyBank National Association, a national banking
association, and its successors in interest.

            "KRECM": KeyCorp Real Estate Capital Markets, Inc., an Ohio
corporation, and its successors in interest.

            "KRECM Serviced Loans": Loans identified on Exhibit K hereto, to be
serviced by KRECM as Primary Servicer pursuant to the Primary Servicing
Agreement between the Master Servicer and KRECM.

            "Late Collections": With respect to any Loan, Companion Loan or B
Note, all amounts (except Penalty Charges) received thereon during any Due
Period, whether as payments, Insurance and Condemnation Proceeds, Liquidation
Proceeds or otherwise, which represent late payments or collections of principal
or interest due in respect of such Loan, Companion Loan or B Note (without
regard to any acceleration of amounts due thereunder by reason of default) on a
Due Date in a previous Due Period and not previously received. With respect to
any REO Loan, all amounts (except Penalty Charges) received in connection with
the related REO Property during any Due Period, whether as Insurance and
Condemnation Proceeds, Liquidation Proceeds, REO Revenues or otherwise, which
represent late collections of principal or interest due or deemed due in respect
of such REO Loan or the predecessor Loan (or predecessor Companion Loan or B
Note, as the case may be) (without regard to any acceleration of amounts due
under the predecessor Loan by reason of default) on a Due Date in a previous Due
Period and not previously received.

            "Liquidation Event": With respect to any Loan or REO Property, any
of the following events: (i) payment in full of such Loan; (ii) the making of a
Final Recovery Determination with respect to such Loan or REO Property; (iii)
the repurchase of such Loan by the related Mortgage Loan Seller pursuant to
Section 7 of the related Mortgage Loan Purchase Agreement; (iv) the purchase of
such Loan or REO Property by the Directing Certificateholder or the Special
Servicer pursuant to Section 3.18; or (v) the purchase of such Loan or REO
Property by the Holders of more than 50% of the Percentage Interests in the
Controlling Class, the Special Servicer or the Master Servicer pursuant to
Section 9.01.

            "Liquidation Fee": A fee payable to the Special Servicer with
respect to each Specially Serviced Loan or REO Loan as to which the Special
Servicer receives a full or discounted payoff with respect thereto from the
related Borrower or any Liquidation Proceeds with respect thereto, equal to the
product of the Liquidation Fee Rate and the proceeds of such full or discounted
payoff or the net Liquidation Proceeds (net of the related costs and expenses
associated with the related liquidation) related to such liquidated Specially
Serviced Loan or REO Loan, as the case may be; provided, however, that no
Liquidation Fee shall be payable with respect to clauses (iii) (but only as it
relates to a sale to the Special Servicer), (iv) (so long as such repurchase
occurs within the applicable cure period set forth in the related Mortgage Loan
Purchase Agreement, as extended), or (v) of the definition of Liquidation
Proceeds or in connection with the purchase of a Specially Serviced Loan by the
Special Servicer. In the case of the Westfarms Mall Total Loan, such fee will
not be payable if the holder of the related B Note, within 15 days after receipt
of notice that a Servicing Transfer Event has occurred with respect to the
related A Note or the B Note, exercises its option to purchase the A Note
pursuant to the A/B Mortgage Loan Intercreditor Agreement; provided, that this
sentence shall not be applicable if the holder of the related B Note has
exercised its right to cure three consecutive monetary defaults (but no more
than five defaults in any twelve month period) under the A/B Mortgage Loan
Intercreditor Agreement and a monetary default occurs in the following month.

            "Liquidation Fee Rate": As defined in Section 3.11.

            "Liquidation Proceeds": Cash amounts (other than Insurance and
Condemnation Proceeds and REO Revenues) received by the Master Servicer or
Special Servicer, net of expenses, in connection with: (i) the liquidation of a
Mortgaged Property or other collateral constituting security for a Defaulted
Loan, through trustee's sale, foreclosure sale, REO Disposition or otherwise,
exclusive of any portion thereof required to be released to the related
Borrower; (ii) the realization upon any deficiency judgment obtained against a
Borrower; (iii) the purchase of a Defaulted Loan by the Directing
Certificateholder or the Special Servicer pursuant to Section 3.18; (iv) the
repurchase of a Loan by any Mortgage Loan Seller pursuant to Section 7 of the
related Mortgage Loan Purchase Agreement; or (v) the purchase of all Loans by
Holders of more than 50% of the Percentage Interests in the Controlling Class,
the Special Servicer or the Master Servicer pursuant to Section 9.01.

            "Loan": Each of the mortgage loans transferred and assigned to the
Trustee pursuant to Section 2.01, and from time to time held in the Trust Fund,
including any Loan that becomes a Specially Serviced Loan, which does not
include the B Note or the Companion Loan. As used herein, the term "Loan"
includes the related Note, Mortgage and other documents contained in the related
Mortgage File and any related agreements.

            "Loan Agreement": With respect to any Loan, Companion Loan or B
Note, the loan agreement, if any, between the related Mortgage Loan Originator
and the Borrower, pursuant to which such Loan was made.

            "Loan Documents": With respect to each Loan, Companion Loan or B
Note, to the extent applicable, the Loan Agreement, the Mortgage, the Note, the
Assignment of Leases (if separate from the Mortgage), the Security Agreement,
any cash management agreement, any ground lease, any letters of credit, escrow
or reserve account information relating to the Additional Collateral Loans, any
UCC Financing Statements, the title insurance policy, all surveys, all insurance
policies, any environmental liability agreements, any escrow agreements for
improvements or lease-up, any guaranties related to such Loan, Companion Loan or
B Note, any prior assignments of mortgage in the event that the originator is
not the originator of record, any collateral assignments of property management
agreements and other services agreements required by the applicable commitment
and other loan documents, any preferred equity and mezzanine loan documents and
all modification, consolidation and extension agreements, if any.

            "Loan Pair": The Westfarms Mall Loan and the Companion Loan,
collectively.

            "Loan-to-Value Ratio": With respect to any Loan, as of any date of
determination, the fraction, expressed as a percentage, the numerator of which
is the principal balance of such Loan at the time of determination, and the
denominator of which is the Original Value of the related Mortgaged Property.

            "Lock-Box Account": With respect to any Mortgaged Property, the
account, if any, created pursuant to any documents relating to a Loan to receive
revenues therefrom. Any Lock-Box Account shall be beneficially owned for federal
income tax purposes by the Person who is entitled to receive the reinvestment
income or gain thereon in accordance with the terms and provisions of the
related Loan and Section 3.06, which Person shall be taxed on all reinvestment
income or gain thereon. The Master Servicer shall be permitted to make
withdrawals therefrom for deposit into the related Cash Collateral Accounts.

            "Lock-Box Agreement": With respect to any Loan, the lock-box
agreement, if any, between the applicable Mortgage Loan Originator or the
applicable Mortgage Loan Seller and the related Borrower, pursuant to which the
related Lock-Box Account may have been established.

            "Lower-Tier Distribution Account": The account, accounts or
sub-accounts created and maintained by the Trustee, pursuant to Section 3.04(b),
in trust for the Certificateholders. Any such account or accounts shall be an
Eligible Account or a sub-account of an Eligible Account.

            "Lower-Tier Distribution Amount": As defined in Section 4.01(b).

            "Lower-Tier Principal Amount": With respect to any Class of
Uncertificated Lower-Tier Interests, (i) on or prior to the first Distribution
Date, an amount equal to the Original Lower-Tier Principal Amount of such Class
as specified in the Preliminary Statement hereto, and (ii) as of any date of
determination after the first Distribution Date, an amount equal to the
Certificate Balance of the Class of Related Certificates on the Distribution
Date immediately prior to such date of determination (determined as adjusted
pursuant to Section 1.02(iii)); provided that (i) the Lower-Tier Principal
Amount for the Class LA-3-1 Uncertificated Interest shall be the Certificate
Balance of the Class A-3 Certificates minus $465,918,000, (ii) the Lower-Tier
Principal Amount for the Class LA-3-2 Uncertificated Interest shall be the
lesser of $465,918,000 and the Certificate Balance of the Class A-3 Certificates
minus $424,421,000 and (iii) the Lower-Tier Principal Amount for the Class
LA-3-3 Uncertificated Interest shall be the lesser of $424,421,000 and the
Certificate Balance of the Class A-3 Certificates.

            "Lower-Tier REMIC": One of two separate REMICs comprising the Trust
Fund, the assets of which consist of the Loans (exclusive of any Excess
Interest), any REO Property with respect thereto, such amounts as shall from
time to time be held in the Collection Account, the Interest Reserve Account,
the REO Account, if any, and the Lower-Tier Distribution Account, and except as
otherwise provided in this Agreement, all other property included in the Trust
Fund that is not in the Upper-Tier REMIC or designated as a grantor trust asset
in the Preliminary Statement hereto.

            "MAI": Member of the Appraisal Institute.

            "Management Agreement": With respect to any Loan, the Management
Agreement, if any, by and between the Manager and the related Borrower, or any
successor Management Agreement between such parties.

            "Manager": With respect to any Loan, any property manager for the
related Mortgaged Property or Mortgaged Properties.

            "Master Servicer": Midland Loan Services, Inc. and its successors in
interest and assigns, or any successor master servicer appointed as herein
provided.

            "Master Servicer Remittance Date": With respect to any Distribution
Date, the Business Day preceding such Distribution Date commencing in August,
2002.

            "Master Servicer Remittance Report": A report prepared by the Master
Servicer in CMSA Loan Periodic Update File format containing such information
regarding the Loans as will permit the Trustee to calculate the amounts to be
distributed pursuant to Section 4.01 and to furnish statements to
Certificateholders pursuant to Section 4.02, including information on the
outstanding principal balances of each Loan specified therein, and containing
such additional information as the Master Servicer, the Special Servicer and the
Trustee may from time to time agree.

            "Master Servicing Fee": With respect to each Loan and REO Loan, the
fee payable to the Master Servicer pursuant to the first paragraph of Section
3.11(a).

            "Master Servicing Fee Rate": With respect to the Master Servicer and
each Loan, Specially Serviced Loan, and REO Loan, a rate equal to 0.02% per
annum computed on the same basis and in the same manner as interest is computed
on the related Loan.

            "Material Breach": As defined in Section 2.03(b).

            "Material Document Defect": As defined in Section 2.03(b).

            "Maturity Date": With respect to any Loan, Companion Loan or B Note
as of any date of determination, the date on which the last payment of principal
is due and payable under the related Note, after taking into account all
Principal Prepayments received prior to such date of determination, but without
giving effect to (i) any acceleration of the principal of such Loan, Companion
Loan or B Note by reason of default thereunder, (ii) any grace period permitted
by the related Note or (iii) any modification, waiver or amendment of such Loan,
Companion Loan or B Note granted or agreed to by the Master Servicer or the
Special Servicer pursuant to Section 3.20 occurring prior to such date of
determination.

            "Mezzanine Loan": Any loan constituting "Mezzanine Debt" or a
"Mezzanine Loan," as identified in Exhibit E.

            "Mezzanine Loan Collateral": With respect to any Mezzanine Loan, any
stock, partnership interests, membership interests or other equity interest in
the related Borrower that has been pledged pursuant to such Mezzanine Loan.

            "Mezzanine Loan Holder": With respect to any Mezzanine Loan, the
Holder or obligee thereof.

            "Midland": Midland Loan Services, Inc.

            "Moody's": Moody's Investors Service, Inc. or its successor in
interest. If neither such rating agency nor any successor remains in existence,
"Moody's" shall be deemed to refer to such other nationally recognized
statistical rating agency or other comparable Person designated by the
Depositor, notice of which designation shall be given to the other parties
hereto, and specific ratings of Moody's Investors Service, Inc. herein
referenced shall be deemed to refer to the equivalent ratings of the party so
designated. References herein to "applicable rating category" (other than such
references to "highest applicable rating category") shall, in the case of
Moody's, be deemed to refer to such applicable rating category of Moody's,
without regard to any plus or minus or other comparable rating qualification.

            "Monthly Interest Distribution Amount": As to any Distribution Date
and any Class of Regular Certificates, the Accrued Certificate Interest Amount
for such Class for such Distribution Date.

            "Monthly Payment": With respect to any Loan (other than any REO
Loan) and any Due Date, the scheduled monthly payment of principal, if any, and
interest at the Mortgage Rate, excluding any Balloon Payment, which is payable
by the related Borrower on such Due Date under the related Note (as such terms
may be changed or modified in connection with a bankruptcy or similar proceeding
involving the related Borrower or by reason of a modification, waiver or
amendment of such Loan granted or agreed to by the Master Servicer or Special
Servicer pursuant to Section 3.20), without regard to any acceleration of
principal of such Loan by reason of a default thereunder. With respect to an REO
Loan, the monthly payment that would otherwise have been payable on the related
Due Date had the related Note not been discharged, determined as set forth in
the preceding sentence and on the assumption that all other amounts, if any, due
thereunder are paid when due.

            "Mortgage": With respect to any Loan, the mortgage, deed of trust,
deed to secure debt or other instrument securing a Note and creating a lien on
the related Mortgaged Property.

            "Mortgage File": With respect to any Loan, the following documents:

                  (i) the original Note (or a lost note affidavit with a
            customary indemnification provision), bearing, or accompanied by,
            all prior and intervening endorsements or assignments showing a
            complete chain of endorsement or assignment from the applicable
            Mortgage Loan Originator either in blank or to the applicable
            Mortgage Loan Seller, and further endorsed (at the direction of the
            Depositor given pursuant to the related Mortgage Loan Purchase
            Agreement) by the applicable Mortgage Loan Seller, on its face or by
            allonge attached thereto, without recourse, to the order of the
            Trustee in the following form: "Pay to the order of LaSalle Bank
            National Association, as trustee for the registered Holders of
            Credit Suisse First Boston Mortgage Securities Corp., Commercial
            Mortgage Pass-Through Certificates, Series 2002-CP3, without
            recourse, representation or warranty, express or implied";

                  (ii) a duplicate original Mortgage or a counterpart thereof,
            or if such Mortgage has been returned by the related recording
            office, (A) an original, (B) a certified copy or (C) a copy thereof
            from the applicable recording office and originals or counterparts
            (or originals or copies of certified copies from the applicable
            recording office) of any intervening assignments thereof from the
            related Mortgage Loan Originator to the applicable Mortgage Loan
            Seller, in each case in the form submitted for recording or, if
            recorded, with evidence of recording indicated thereon;

                  (iii) an original assignment of the Mortgage, in recordable
            form, either in blank or from the applicable Mortgage Loan Seller
            (or the Mortgage Loan Originator) to "LaSalle Bank National
            Association, as trustee for the registered Holders of Credit Suisse
            First Boston Mortgage Securities Corp., Commercial Mortgage
            Pass-Through Certificates, Series 2002-CP3";

                  (iv) an original, counterpart or copy of any related
            Assignment of Leases (if such item is a document separate from the
            Mortgage) and the originals, counterparts or copies of any
            intervening assignments thereof from the applicable Mortgage Loan
            Originator of the Loan to the applicable Mortgage Loan Seller, in
            each case in the form submitted for recording or, if recorded, with
            evidence of recording thereon;

                  (v) an original assignment of any related Assignment of Leases
            (if such item is a document separate from the Mortgage), in
            recordable form, either in blank or from the Mortgage Loan Seller
            (or the Mortgage Loan Originator) to "LaSalle Bank National
            Association, as trustee for the registered Holders of Credit Suisse
            First Boston Mortgage Securities Corp., Commercial Mortgage
            Pass-Through Certificates, Series 2002-CP3";

                  (vi) an original or copy of any related Security Agreement (if
            such item is a document separate from the Mortgage) and the
            originals or copies of any intervening assignments thereof from the
            applicable Mortgage Loan Originator of the Loan to the applicable
            Mortgage Loan Seller;

                  (vii) an original assignment of any related Security Agreement
            (if such item is a document separate from the Mortgage), either in
            blank or from the Mortgage Loan Seller or the applicable Mortgage
            Loan Originator to "LaSalle Bank National Association, as trustee
            for the registered Holders of Credit Suisse First Boston Mortgage
            Securities Corp., Commercial Mortgage Pass-Through Certificates,
            Series 2002-CP3," which assignment may be included as part of an
            omnibus assignment covering other documents relating to the Loan
            provided that such omnibus assignment is effective under applicable
            law;

                  (viii) originals or copies of all (A) assumption agreements,
            (B) modifications, (C) written assurance agreements and (D)
            substitution agreements, together with any evidence of recording
            thereon or in the form submitted for recording, in those instances
            where the terms or provisions of the Mortgage, Note or any related
            security document have been modified or the Loan has been assumed;

                  (ix) the original lender's title insurance policy or a copy
            thereof (together with all endorsements or riders that were issued
            with or subsequent to the issuance of such policy), or if the policy
            has not yet been issued, a binding written commitment (which may be
            a pro forma or specimen title insurance policy which has been
            accepted or approved in writing by the related title insurance
            company), relating to such Loan;

                  (x) the original or a counterpart of any guaranty of the
            obligations of the Borrower under the Loan;

                  (xi) certified or other copies of all UCC Financing Statements
            and continuation statements which show the filing or recording
            thereof or copies thereof in the form submitted for filing or
            recording sufficient to perfect (and maintain the perfection of) the
            security interest held by the originator of the Loan (and each
            assignee prior to the Trustee) in and to the personalty of the
            Borrower at the Mortgaged Property, and original UCC assignments in
            a form suitable for filing or recording, sufficient to transfer such
            security interest to the Trustee;

                  (xii) the original or copy of the power of attorney (with
            evidence of recording thereon) granted by the Borrower if the
            Mortgage, Note or other document or instrument referred to above was
            not signed by the Borrower;

                  (xiii) with respect to any debt of a Borrower permitted under
            the related Loan, an original or copy of a subordination agreement,
            standstill agreement or other intercreditor agreement relating to
            such other debt, if any, including any mezzanine loan documents or
            preferred equity documents;

                  (xiv) if any related Lock-Box Agreement or Cash Collateral
            Agreement is separate from the Mortgage or Loan Agreement, a copy
            thereof; with respect to the Cash Collateral Accounts and Lock-Box
            Accounts, if any, a copy of the UCC-1 financing statements, if any,
            submitted for filing with respect to the Mortgage Loan Seller's
            security interest in the Cash Collateral Accounts and Lock-Box
            Accounts and all funds contained therein (and UCC-3 financing
            statement assignments assigning such security interest to the
            Trustee on behalf of the Certificateholders);

                  (xv) an original or counterpart of any Loan Agreement;

                  (xvi) the originals and copies of letters of credit, if any,
            relating to the Loans and amendments thereto which entitle the Trust
            Fund to draw thereon; provided that in connection with the delivery
            of the Mortgage File to the Trust, such originals shall be delivered
            to the Master Servicer and such copies shall be delivered to the
            Trustee;

                  (xvii) any environmental insurance policies and any
            environmental guaranty or indemnity agreements or copies thereof;

                  (xviii) the original ground lease, ground lease estoppels and
            any amendments thereto, if any, or a certified copy thereof;

                  (xix) a copy of any Intercreditor Agreement and a copy of the
            mortgage note evidencing the related Companion Loan or the B Note,
            if related to the Loan;

                  (xx) the original or copy of any property management
            agreement;

                  (xxi) copies of franchise agreements and franchisor comfort
            letters, if any, for hospitality properties; and

                  (xxii) any additional documents required to be added to the
            Mortgage File pursuant to Section 3.20(i).

            Whenever the term "Mortgage File" is used to refer to documents
actually received by the Trustee, such term shall not be deemed to include such
documents and instruments required to be included therein unless they are
actually so received.

            "Mortgage Interest Accrual Period": With respect to any Loan, the
period during which interest accrues pursuant to the related Note.

            "Mortgage Loan Originator": Any institution that originated a Loan.

            "Mortgage Loan Purchase Agreement": Any of the CSFB Mortgage Loan
Purchase Agreement or the PNC Mortgage Loan Purchase Agreement.

            "Mortgage Loan Schedule": The list of Loans transferred on the
Closing Date to the Trustee as part of the Trust Fund, attached hereto as
Exhibit B, which list sets forth the following information with respect to each
Loan:

                  (i) the loan number (as specified in Annex A to the Prospectus
            Supplement);

                  (ii) the property name;

                  (iii) the street address (including city, state and zip code)
            of the related Mortgaged Property;

                  (iv) the Mortgage Rate in effect at the Cut-off Date;

                  (v) the Net Mortgage Rate in effect at the Cut-off Date;

                  (vi) the original principal balance;

                  (vii) the Cut-off Date Principal Balance;

                  (viii) the (a) remaining term to stated maturity, (b) Maturity
            Date and (c) with respect to each ARD Loan, the Anticipated
            Repayment Date;

                  (ix) the original and remaining amortization terms;

                  (x) the amount of the Monthly Payment due on the first Due
            Date following the Cut-off Date;

                  (xi) the number of units, pads, rooms or square footage with
            respect to the Mortgaged Property;

                  (xii) the Loan interest accrual method;

                  (xiii) the applicable Primary Servicing Fee Rate, Master
            Servicing Fee Rate, and Trustee Fee Rate;

                  (xiv) the Due Date;

                  (xv) whether such loan is an ARD Loan;

                  (xvi) whether the Loan is subject to lockout/defeasance;

                  (xvii) whether the related Mortgaged Property was covered by
            earthquake insurance at the time of origination, or if the loan
            documents require such insurance;

                  (xviii) whether such Loan has the benefit of an Environmental
            Insurance Policy;

                  (xix) whether such Loan is secured by the related Borrower's
            interest in ground leases; and

                  (xx) whether such Loan is secured by a letter of credit.

            Such Mortgage Loan Schedule also shall set forth the aggregate of
the amounts described under clause (vii) above for all of the Loans. Such list
may be in the form of more than one list, collectively setting forth all of the
information required.

            "Mortgage Loan Seller": Either of (i) the CSFB Mortgage Loan Seller
or (ii) the PNC Mortgage Loan Seller.

            "Mortgage Rate": With respect to: (i) any Loan, Companion Loan or B
Note on or prior to its Maturity Date, the annual rate at which interest is
scheduled (in the absence of a default and without giving effect to any Revised
Rate) to accrue on such Loan, Companion Loan or B Note from time to time in
accordance with the related Note and applicable law; (ii) any Loan, Companion
Loan or B Note after its Maturity Date, the annualized rate described in clause
(i) above determined without regard to the passage of such Maturity Date; and
(iii) any REO Loan, the annualized rate described in clause (i) or (ii), as
applicable, above, determined as if the predecessor Loan (or predecessor
Companion Loan or B Note, as the case may be) had remained outstanding. For
purposes of calculating the Net Mortgage Rate and the Weighted Average Net
Mortgage Rate, the Mortgage Rate for any Loan whose interest rate is reduced
will be the Mortgage Rate of such Loan without taking into account any reduction
in the interest rate by a bankruptcy court pursuant to a plan of reorganization
or pursuant to any of its equitable powers or any reduction in the interest rate
resulting from a work-out or modification by the Special Servicer or the Master
Servicer, if applicable.

            "Mortgaged Property": The underlying real property (including any
REO Property) that secures a Loan, in each case consisting of a parcel or
parcels of land improved by a commercial and/or multifamily building or
facility, together with any personal property (to the extent the same are owned
by the Borrower and necessary in connection with the operation of the related
property), fixtures, leases and other property or rights pertaining thereto and,
in the case of Westfarms Mall Total Loan, the related B Note and, in the case of
a Loan Pair, the related Companion Loan.

            "Net Investment Earnings": With respect to any of the Collection
Account, any Lock-Box Account, any Cash Collateral Account, any Servicing
Account or the REO Account, for any period beginning on a Distribution Date and
ending on the following P&I Advance Date, the amount, if any, by which the
aggregate of all interest and other income realized during such period on funds
relating to the Trust Fund held in such account (and which is not required to be
paid to the related Borrower) exceeds the aggregate of all losses, if any,
incurred during such period in connection with the investment of such funds in
accordance with Section 3.06.

            "Net Investment Loss": With respect to any of the Collection
Account, any Lock-Box Account, any Cash Collateral Account, any Servicing
Account or the REO Account for any period beginning on a Distribution Date and
ending on the following P&I Advance Date, the amount, if any, by which the
aggregate of all losses, if any, incurred during such period in connection with
the investment of funds relating to the Trust Fund held in such account (and
which investment is not directed by the related Borrower) in accordance with
Section 3.06 exceeds the aggregate of all interest and other income realized
during such period on such funds.

            "Net Mortgage Pass-Through Rate":

            (A) With respect to any Loan that accrues interest on a 30/360
      Basis, an annual rate equal to the mortgage interest rate in effect for
      that mortgage loan as of its due date in July 2002, minus the sum of the
      Master Servicing Fee Rate, the Primary Servicing Fee Rate and the Trustee
      Fee Rate; and

            (B) With respect to any Loan that accrues interest on an Actual /360
      Basis, an annual rate generally equal to twelve times a fraction,
      expressed as a percentage:

                  (i) the numerator of which fraction is, subject to adjustment
            as described below in this definition, an amount of interest equal
            to the product of (a) the number of days in the related Interest
            Accrual Period, multiplied by (b) the Stated Principal Balance of
            that Loan immediately preceding that Distribution Date, multiplied
            by (c) 1/360, multiplied by (d) a rate per annum equal to the Net
            Mortgage Rate; and

                  (ii) the denominator of which is the Stated Principal Balance
            of that Loan immediately preceding that Distribution Date.

            Notwithstanding the foregoing, if the subject Distribution Date
occurs during January, except during a leap year, or February, then the amount
of interest referred to in the fractional numerator described in clause (i)
above will be decreased to reflect any Withheld Amounts with respect to the
subject Loan. Furthermore, if the subject Distribution Date occurs during March,
then the amount of interest referred to in the fractional numerator described in
clause (i) above will be increased to reflect any Withheld Amounts with respect
to the subject Loan.

            "Net Mortgage Rate": With respect to any Interest Accrual Period and
any Loan, a per annum rate equal to the Mortgage Rate for such Loan as of the
date of the Closing Date minus the sum of the related Master Servicing Fee Rate,
the related Primary Servicing Fee Rate (if any)and the Trustee Fee Rate.

            "Net Operating Income": With respect to any Mortgaged Property, for
any Borrower's fiscal year end, the total operating revenues derived from such
Mortgaged Property during such period, minus the total operating expenses
incurred in respect of such Mortgaged Property during such period, other than
(i) non-cash items such as depreciation, (ii) amortization, (iii) actual capital
expenditures and (iv) debt service on the related Loan.

            "New Lease": Any lease of REO Property entered into at the direction
of the Special Servicer on behalf of the Trust, including any lease renewed,
modified or extended on behalf of the Trust, if the Trust Fund has the right to
renegotiate the terms of such lease.

            "Non-U.S. Person": Any person (A) other than a U.S. Person, unless,
with respect to the Transfer of a Residual Certificate, (i) such person holds
such Residual Certificate in connection with the conduct of a trade or business
within the United States and furnishes the Transferor and the Trustee with an
effective Internal Revenue Service Form W-8ECI (or successor form) or (ii) the
Transferee delivers to both the Transferor and the Trustee an opinion of tax
counsel to the effect that such Transfer is in accordance with the requirements
of the Code and the regulations promulgated thereunder and that such Transfer of
the Residual Certificate will not be disregarded for federal income tax purposes
or (B) that is a U.S. Person with respect to whom income from the Residual
Certificate is attributable to a foreign permanent establishment or a fixed
base, within the meaning of an applicable income tax treaty, of such U.S. person
or any other person.

            "Nonrecoverable Advance": Any Nonrecoverable P&I Advance or
Nonrecoverable Servicing Advance or any portion thereof.

            "Nonrecoverable P&I Advance": The portion of any P&I Advance
(including interest accrued thereon at the Reimbursement Rate) previously made
or proposed to be made in respect of a Loan, Companion Loan or REO Loan which,
in the judgment (in accordance with the Servicing Standard in the case of
judgment by the Master Servicer or the Special Servicer) of the Master Servicer,
the Special Servicer, the Trustee or the Fiscal Agent, as applicable, will not
be ultimately recoverable, together with any accrued and unpaid interest
thereon, from Late Collections or any other recovery on or in respect of such
Loan, Companion Loan or REO Loan. The determination by the Master Servicer, the
Special Servicer, the Trustee or the Fiscal Agent, as applicable, that it has
made (or, in the case of a determination made by the Special Servicer, that the
Master Servicer has made) a Nonrecoverable P&I Advance or that any proposed P&I
Advance, if made, would constitute a Nonrecoverable P&I Advance, shall be
evidenced by an Officer's Certificate delivered (i) to the Trustee, the Fiscal
Agent and the Depositor, in the case of the Master Servicer, (ii) to the Master
Servicer in the case of the Special Servicer, (iii) to the Depositor and the
Master Servicer, in the case of the Trustee or Fiscal Agent, and (iv) in each
case, to the Directing Certificateholder and any Requesting Subordinate
Certificateholder (at the expense of such requesting Holder) setting forth such
determination of nonrecoverability and the considerations of the Master
Servicer, the Special Servicer, the Trustee or the Fiscal Agent, as applicable,
forming the basis of such determination (which shall include but shall not be
limited to information, to the extent available, such as related income and
expense statements, rent rolls, occupancy status, property inspections, and
shall include an Appraisal (provided that if an Appraisal has been obtained
within the past 12 months, no new Appraisal is required) of the related Loan,
Companion Loan or Mortgaged Property, the cost of which Appraisal shall be
advanced by the Master Servicer as a Servicing Advance). The Trustee or Fiscal
Agent, as applicable, shall be entitled to conclusively rely on the Master
Servicer's determination that a P&I Advance is nonrecoverable. The Master
Servicer, the Trustee and the Fiscal Agent shall be entitled to conclusively
rely on the Special Servicer's determination that a P&I Advance is
nonrecoverable.

            "Nonrecoverable Servicing Advance": The portion of any Servicing
Advance (including interest accrued thereon at the Reimbursement Rate)
previously made or proposed to be made in respect of a Loan or REO Property
which, in the judgment (in accordance with the Servicing Standard in the case of
judgment by the Master Servicer or the Special Servicer) of the Master Servicer,
the Special Servicer, the Trustee or the Fiscal Agent, as the case may be, will
not be ultimately recoverable, together with any accrued and unpaid interest
thereon, from Late Collections or any other recovery on or in respect of such
Loan or REO Property. The determination by the Master Servicer, the Special
Servicer, the Trustee or the Fiscal Agent, as the case may be, that it has made
(or, in the case of a determination made by the Special Servicer, that the
Master Servicer has made) a Nonrecoverable Servicing Advance or that any
proposed Servicing Advance, if made, would constitute a Nonrecoverable Servicing
Advance, shall be evidenced by an Officer's Certificate delivered (i) to the
Trustee, Fiscal Agent and the Depositor, in the case of the Master Servicer,
(ii) to the Master Servicer in the case of the Special Servicer, (iii) to the
Depositor and the Master Servicer, in the case of the Trustee or the Fiscal
Agent, and (iv) and in each case, to the Directing Certificateholder and any
Requesting Subordinate Certificateholder (at the expense of such requesting
Holder). The Officer's Certificate shall set forth such determination of
nonrecoverability and the considerations of the Master Servicer, the Special
Servicer, the Trustee or Fiscal Agent, as applicable, forming the basis of such
determination (which shall include but shall not be limited to information, to
the extent available, such as related income and expense statements, rent rolls,
occupancy status and property inspections, and shall include an Appraisal
(provided that if an Appraisal has been obtained within the past 12 months, no
new Appraisal is required) of the related Loan or Mortgaged Property, the cost
of which Appraisal shall be advanced by the Master Servicer as a Servicing
Advance). The Trustee and Fiscal Agent will be entitled to conclusively rely on
the Master Servicer's determination that a Servicing Advance is nonrecoverable.
The Master Servicer, the Trustee and the Fiscal Agent shall be entitled to
conclusively rely on the Special Servicer's determination that a Servicing
Advance is a Nonrecoverable Servicing Advance.

            "Note": The original executed note evidencing the indebtedness of a
Borrower under a Loan, together with any rider, addendum or amendment thereto.

            "Notional Balance":  For any date of determination,  the Class A-X
Notional Amount or the Class A-SP Notional Amount, as applicable.

            "NRSRO":  Nationally  recognized  statistical rating  organization
as the term is used in federal securities laws.

            "Officer's Certificate": A certificate signed by a Servicing Officer
of the Master Servicer or the Special Servicer, as the case may be, or a
Responsible Officer of the Trustee or the Fiscal Agent.

            "Opinion of Counsel": A written opinion of counsel, who may be
salaried counsel for the Depositor, the Master Servicer or the Special Servicer,
acceptable in form and delivered to the Trustee, except that any opinion of
counsel relating to (a) the qualification of any Trust REMIC as a REMIC, (b)
compliance with the REMIC Provisions or (c) the resignation of the Depositor,
the Master Servicer or the Special Servicer pursuant to Section 6.04 must be an
opinion of counsel that is in fact Independent of the Depositor, the Master
Servicer or the Special Servicer, as applicable.

            "Optimal Interest Distribution Amount": As to any Distribution Date
and any Class of Regular Certificates, the sum of the Monthly Interest
Distribution Amount and the Unpaid Interest Shortfall Amount for such Class for
such Distribution Date.

            "Original Certificate Balance": With respect to any Class of Regular
Certificates (other than the Class A-X and Class A-SP Certificates), the initial
aggregate principal amount thereof as of the Closing Date, in each case as
specified in the Preliminary Statement hereto.

            "Original Lower-Tier Principal Amount": With respect to any Class of
Uncertificated Lower-Tier Interests, the principal amount thereof as of the
Closing Date, in each case as specified in the Preliminary Statement hereto.

            "Original Value": The Appraised Value of a Mortgaged Property based
upon the Appraisal conducted in connection with the origination of the related
Loan.

            "Origination Required Insurance Amounts": As defined in Section
3.07(h).

            "OTS": The Office of Thrift Supervision or any successor thereto.

            "Ownership Interest": As to any Certificate, any ownership or
security interest in such Certificate as the Holder thereof and any other
interest therein, whether direct or indirect, legal or beneficial, as owner or
as pledgee.

            "P&I Advance": As to any Loan, Companion Loan or REO Loan, any
advance made by the Master Servicer, KRECM, the Trustee or the Fiscal Agent, as
applicable, pursuant to Section 4.03 or Section 7.05.

            "P&I Advance Date": The Business Day immediately prior to each
Distribution Date.

            "P&I Advance Determination Date": With respect to any Distribution
Date, the second Business Day immediately prior thereto.

            "Pari Passu Mortgage": The Mortgage securing the Westfarms Mall
Loan, the Companion Loan and the B Note.

            "Pass-Through Rate": With respect to each Class of Certificates, the
respective per annum rate listed below:

            Class A-1:        Class A-1 Pass-Through Rate
            Class A-2:        Class A-2 Pass-Through Rate
            Class A-3:        Class A-3 Pass-Through Rate
            Class A-X:        Class A-X Pass-Through Rate
            Class A-SP:       Class A-SP Pass-Through Rate
            Class B:          Class B Pass-Through Rate
            Class C:          Class C Pass-Through Rate
            Class D:          Class D Pass-Through Rate
            Class E:          Class E Pass-Through Rate
            Class F:          Class F Pass-Through Rate
            Class G:          Class G Pass-Through Rate
            Class H:          Class H Pass-Through Rate
            Class J:          Class J Pass-Through Rate
            Class K:          Class K Pass-Through Rate
            Class L:          Class L Pass-Through Rate
            Class M:          Class M Pass-Through Rate
            Class N:          Class N Pass-Through Rate
            Class O:          Class O Pass-Through Rate

            "Penalty Charges": With respect to any Loan or REO Loan, any amounts
actually collected thereon from the Borrower that represent late payment charges
or Default Interest, other than a Yield Maintenance Charge.

            "Percentage Interest": As to any Certificate, the percentage
interest evidenced thereby in distributions required to be made with respect to
the related Class. With respect to any Regular Certificate, the percentage
interest equal to the Denomination of such Certificate divided by the initial
Certificate Balance (or, in the case of the Class A-X and Class A-SP
Certificates, the Notional Balance) of such Class of Certificates as of the
Closing Date. With respect to a Class V or Residual Certificate, the percentage
interest as set forth on the face thereof.

            "Permitted Investments": Any one or more of the following
obligations or securities, regardless whether issued by the Depositor, the
Master Servicer, the Special Servicer, the Trustee or any of their respective
Affiliates and having the required ratings, if any, provided for in this
definition:

                  (i) direct obligations of, and obligations fully guaranteed as
            to timely payment of principal and interest by, the United States of
            America, FNMA, FHLMC or any agency or instrumentality of the United
            States of America, provided such obligations have a remaining term
            to maturity of one year or less from the date of acquisition and
            which are backed by the full faith and credit of the United States
            of America; provided that any obligation of, or guarantee by, FNMA
            or FHLMC, other than an unsecured senior debt obligation of FNMA or
            FHLMC, shall be a Permitted Investment only if such investment would
            not result in the downgrading, withdrawal or qualification of the
            then-current rating assigned by each Rating Agency to any
            Certificate as confirmed in writing;

                  (ii) time deposits, unsecured certificates of deposit or
            bankers' acceptances that mature in one year or less after the date
            of issuance and are issued or held by any depository institution or
            trust company incorporated or organized under the laws of the United
            States of America or any State thereof and subject to supervision
            and examination by federal or state banking authorities, so long as
            the commercial paper or other short-term debt obligations of such
            depository institution or trust company are rated in the highest
            short-term debt rating category of each Rating Agency or such other
            ratings as will not result in the downgrading, withdrawal or
            qualification of the then-current rating assigned by each Rating
            Agency to any Certificate, as confirmed in writing by such Rating
            Agency;

                  (iii) repurchase agreements or obligations with respect to any
            security described in clause (i) above where such security has a
            remaining maturity of one year or less and where such repurchase
            obligation has been entered into with a depository institution or
            trust company (acting as principal) described in clause (ii) above;

                  (iv) debt obligations maturing in one year or less from the
            date of acquisition bearing interest or sold at a discount issued by
            any corporation incorporated under the laws of the United States of
            America or any state thereof, which securities have (i) ratings in
            the highest long-term unsecured debt rating category of each Rating
            Agency or (ii) such other ratings (as confirmed by the applicable
            Rating Agency in writing) as will not result in a downgrade,
            qualification or withdrawal of the then-current rating of the
            Certificates that are currently being rated by such Rating Agency;
            provided, however, that securities issued by any particular
            corporation will not be Permitted Investments to the extent that
            investment therein will cause the then outstanding principal amount
            of securities issued by such corporation and held in the accounts
            established hereunder to exceed 10% of the sum of the aggregate
            principal balance and the aggregate principal amount of all
            Permitted Investments in such accounts;

                  (v) commercial paper (including both non-interest-bearing
            discount obligations and interest-bearing obligations) payable on
            demand or on a specified date maturing in one year or less after the
            date of issuance thereof and which is rated in the highest
            short-term unsecured debt rating category of each Rating Agency;

                  (vi) units of investment funds that maintain a constant net
            asset value and money market funds having the highest rating from
            each Rating Agency for money market funds; and

                  (vii) any other demand, money market or time deposit,
            obligation, security or investment, with respect to which each
            Rating Agency shall have confirmed in writing that such investment
            will not result in a downgrade, qualification or withdrawal of the
            then-current rating of the Certificates that are currently being
            rated by such Rating Agency;

provided that such instrument or security qualifies as a "cashflow investment"
pursuant to Section 860G(a)(6) of the Code; interest on any variable rate
instrument shall be tied to a single interest rate index plus a single fixed
spread (if any) and move proportionally with that index; and, if rated by S&P,
the obligation must not have an "r" highlighter affixed to its rating, and must
have a predetermined fixed dollar of principal due at maturity that cannot vary
or change.

            "Permitted Mezzanine Loan Holder": With respect to any Mezzanine
Loan, the related Mortgage Loan Seller, any Institutional Lender/Owner or any
other Mezzanine Loan Holder with respect to which each Rating Agency has
confirmed in writing to the Special Servicer and the Trustee that the holding of
such Mezzanine Loan by such Person would not cause a qualification, downgrade or
withdrawal of any of such Rating Agency's then-current ratings on the
Certificates.

            "Person": Any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.

            "Plan": As defined in Section 5.02(e).

            "PNC": PNC Bank, National Association.

            "PNC Loans": Collectively, the Loans transferred to the Depositor
pursuant to the PNC Mortgage Loan Purchase Agreement and the Loans transferred
to the Depositor pursuant to the CSFB Mortgage Loan Purchase Agreement and
identified on Schedule II-B thereto.

            "PNC Mortgage Loan Purchase Agreement": With respect to certain PNC
Loans, which are identified therein, the agreement between the Depositor and the
PNC Mortgage Loan Seller, dated as of July 1, 2002, relating to the transfer of
the PNC Mortgage Loan Seller's right, title and interest in and to the PNC Loans
identified therein.

            "PNC Mortgage Loan Seller": PNC Bank, National Association, a
national banking association and its successors in interest.

            "Prepayment Assumption": With respect to all Loans other than the
ARD Loans, the assumption that all payments required to be made on such Loans
according to their contractual terms (including repayment in full on their
respective maturity dates) are so made. With respect to all ARD Loans, the
assumption that the ARD Loans will be fully prepaid on their related Anticipated
Repayment Dates.

            "Prepayment Date": With respect to any Principal Prepayment, the
date on which such Principal Prepayment is to be made.

            "Prepayment Interest Excess": With respect to any Distribution Date,
the aggregate amount, with respect to all Loans that were subject to Principal
Prepayment in full or in part, or as to which Insurance and Condemnation
Proceeds were received by the Master Servicer or Special Servicer for
application to such Loans, in each case after the Due Date in the month of such
Distribution Date and on or prior to the related Determination Date, the amount
of interest accrued at the Mortgage Rate for such Loans on the amount of such
Principal Prepayments or Insurance and Condemnation Proceeds after the Mortgage
Interest Accrual Period relating to such Due Date and accruing in the manner set
forth in the Loan Documents relating to such Loans, to the extent such interest
is collected by the Master Servicer or the Special Servicer.

            "Prepayment Interest Shortfall": With respect to any Distribution
Date, for each Loan that was subject to a Principal Prepayment in full or in
part, or as to which Insurance and Condemnation Proceeds were received by the
Master Servicer or Special Servicer for application to such Loan, in each case
after the Determination Date in the calendar month preceding such Distribution
Date but prior to the Due Date in the related Due Period, the amount of interest
that would have accrued at the Net Mortgage Pass-Through Rate for such Loan on
the amount of such Principal Prepayment or Insurance and Condemnation Proceeds
during the period commencing on the date as of which such Principal Prepayment
or Insurance and Condemnation Proceeds were applied to the unpaid principal
balance of the Loan and ending on (and including) the day immediately preceding
such Due Date.

            "Primary Servicer": Northmarq Capital, Inc., NCB,FSB, KRECM or
Midland in its capacity as a primary servicer, or any successors thereto.

            "Primary Servicing Agreement": Each of the Sub-servicing Agreements
dated as of July 1, 2002, by and between either the Master Servicer and
Northmarq Capital, Inc., NCB,FSB or KRECM, as applicable, as Primary Servicer.

            "Primary Servicing Fee": With respect to each Loan, the fee payable
to the related Primary Servicer under the Primary Servicing Agreement or to the
Master Servicer pursuant to Section 3.11(a), based on the Primary Servicing Fee
Rate.

            "Primary Servicing Fee Rate": With respect to each Loan, a rate as
set forth in the Mortgage Loan Schedule attached hereto as Exhibit B under the
column heading "Servicing and Trustee Fees," net of the Trustee Fee Rate and the
Master Servicing Fee Rate; each computed on the same basis and in the same
manner as interest is computed on the related Loan.

            "Principal Distribution Amount": As to any Distribution Date, an
amount equal to the total, without duplication, of the following: (i) all
payments of principal, including voluntary Principal Prepayments, received by or
on behalf of the Trust Fund with respect to the Loans (but not in respect of the
Westfarms Mall Companion Loan or B Note) during the related Due Period,
exclusive of any of those payments that represents a late collection of
principal for which an Advance was previously made for a prior Distribution Date
or that represents a Monthly Payment of principal due on or before the due date
for the related Loan in July 2002 or on a due date for the related Loan
subsequent to the end of the related Due Period, (ii) all Monthly Payments of
principal received by or on behalf of the Trust Fund with respect to the Loans
prior to, but that are due during, the related Due Period, (iii) all other
collections, including Liquidation Proceeds and Insurance and Condemnation
Proceeds, that were received by or on behalf of the Trust Fund with respect to
any of the Loans (but not in respect of any Westfarms Mall Companion Loan or B
Note) or any related REO Properties during the related Due Period and that were
identified and applied by the Master Servicer as recoveries of principal of the
subject Loan (but not in respect of any Westfarms Mall Companion Loan or B Note)
or, in the case of an REO Property, of the related Loan, in each case net of any
portion of the particular collection that represents a late collection of
principal for which an Advance of principal was previously made for a prior
Distribution Date or that represents a Monthly Payment of principal due on or
before the Due Date for the related mortgage in July 2002, and (iv) all Advances
of principal made with respect to the Loans for that Distribution Date. For the
final Distribution Date, an amount equal to the total Stated Principal Balance
of the mortgage pool outstanding immediately prior to that final Distribution
Date.

            "Principal Prepayment": Any payment of principal made by the
Borrower on a Loan that is received in advance of its scheduled Due Date and
which is not accompanied by an amount of interest representing scheduled
interest due on any date or dates in any month or months subsequent to the month
of prepayment, other than any amount paid in connection with the release of the
related Mortgaged Property through defeasance.

            "Private Certificate": Any Class A-X, Class A-SP, Class E, Class F,
Class G, Class H, Class J, Class K, Class L, Class M, Class N and Class O
Certificate.

            "Private Definitive Certificate": Any Private Certificate other than
a Private Global Certificate.

            "Private Global Certificates": Any Class A-X Book-Entry Certificate,
Class A-SP Book-Entry Certificate, Class E Book-Entry Certificate, Class F
Book-Entry Certificate, Class G Book-Entry Certificate, Class H Book-Entry
Certificate, Class J Book-Entry Certificate, Class K Book-Entry Certificate,
Class L Book-Entry Certificate, Class M Book-Entry Certificate, Class N
Book-Entry Certificate or Class O Book-Entry Certificate, so long as such
Certificates are in book-entry form.

            "Privileged Person": Each holder of a Certificate, each of the
parties to this Agreement, each of the Rating Agencies, each of the
Underwriters, any Person identified to the Trustee as a Certificate Owner or
prospective purchaser of a Certificate upon receipt from such Certificate Owner
or prospective purchaser of an investor certification (which may be in
electronic form), the form of which is attached hereto as Exhibit I, and any
other Person designated by the Depositor. The Trustee shall provide all
Privileged Persons with access to certain restricted information on the Website
(in the case of any Certificate Owner or prospective purchaser, upon receipt of
such investor certification) through the use of a restricted mechanism on its
Website.

            "Prospectus": The Prospectus dated July 18, 2002, as supplemented by
the Prospectus Supplement.

            "Prospectus Supplement": The Prospectus Supplement dated July 18,
2002, relating to the offering of the Public Certificates.

            "Public Certificate": Any Class A-1, Class A-2, Class A-3, Class B,
Class C or Class D Certificate.

            "Purchase Price": With respect to any Loan to be purchased by (a) a
Mortgage Loan Seller pursuant to Section 7 of the related Mortgage Loan Purchase
Agreement, (b) the Directing Certificateholder pursuant to Section 3.18(b), the
Special Servicer pursuant to Section 3.18(c), or an assignee of either thereof,
in any case, pending determination of Fair Value or (c) the holders of more than
50% of the Percentage Interests in the Controlling Class, the Special Servicer
or the Master Servicer pursuant to Section 9.01, a price equal to the sum of the
following:

                  (i) the outstanding principal balance of such Loan as of the
            date of purchase;

                  (ii) all accrued and unpaid interest on such Loan at the
            related Mortgage Rate in effect from time to time to but not
            including the Due Date in the Due Period of purchase (which includes
            unpaid Master Servicing Fees and Primary Servicing Fees) and all
            related Special Servicing Fees;

                  (iii) all related unreimbursed Servicing Advances (or such
            Advances reimbursed by the Trust Fund) plus accrued and unpaid
            interest on related Advances at the Reimbursement Rate;

                  (iv) if such Loan is being repurchased by a Mortgage Loan
            Seller pursuant to Section 7 of the related Mortgage Loan Purchase
            Agreement following the expiration of the applicable cure period (as
            it may be extended), the amount of the Liquidation Fee payable to
            the Special Servicer; and

                  (v) if such Loan is being purchased by a Mortgage Loan Seller
            pursuant to Section 7 of the related Mortgage Loan Purchase
            Agreement, all reasonable out-of-pocket expenses reasonably incurred
            or to be incurred by the Master Servicer, the Special Servicer, the
            Depositor, the Trustee and the Fiscal Agent in respect of the Breach
            or Defect giving rise to the repurchase obligation, including any
            expenses arising out of the enforcement of the repurchase obligation
            and any realized losses and Trust Fund expenses incurred prior to
            such purchase date with respect to such Loan and/or (if applicable)
            its related Companion Loan or B Note.

With respect to any Defaulted Loan to be purchased by the Directing
Certificateholder (or any assignee thereof) or Special Servicer pursuant to
Section 3.18(b) or 3.18(c) following determination of Fair Value, the Purchase
Price will equal the Fair Value of such Defaulted Loan. With respect to any REO
Property to be sold pursuant to Section 3.18(e), the amount calculated in
accordance with the second preceding sentence in respect of the related REO
Loan.

            "QIB Investment Representation Letter": As defined in Section
5.02(b).

            "Qualified Institutional Buyer": As defined in Section 5.02(b).

            "Qualified Insurer": (i) With respect to any Loan, Companion Loan, B
Note, REO Loan or REO Property, an insurance company or security or bonding
company qualified to write the related Insurance Policy in the relevant
jurisdiction and a minimum claims paying ability rating of at least "A" by Fitch
and "A2" by Moody's if then rated by Moody's (and with respect to the Westfarms
Mall Total Loan, a rating of at least "A" by S&P), (ii) with respect to the
fidelity bond and errors and omissions Insurance Policy required to be
maintained pursuant to Section 3.07(c), an insurance company that has a claims
paying ability rated no lower than two ratings below the rating assigned to the
then highest rated outstanding Certificate, but in no event lower than "A3" by
Moody's if then rated by Moody's, "A" by Fitch and "A-" S&P or, in the case of
clauses (i) and (ii), such other rating as each Rating Agency shall have
confirmed in writing will not cause such Rating Agency to downgrade, qualify or
withdraw the then-current rating assigned to any of the Certificates that are
then currently being rated by such Rating Agency.

            "Qualified Substitute Mortgage Loan": A mortgage loan which must, on
the date of substitution: (i) have an outstanding principal balance, after
application of all scheduled payments of principal and interest due during or
prior to the month of substitution, not in excess of the Stated Principal
Balance of the deleted Loan as of the Due Date in the calendar month during
which the substitution occurs; (ii) have a Mortgage Rate not less than the
Mortgage Rate of the deleted Loan; (iii) have the same Due Date as the deleted
Loan; (iv) accrue interest on the same basis as the deleted Loan (for example,
on the basis of a 360-day year and the actual number of days elapsed); (v) have
a remaining term to stated maturity not greater than, and not more than two
years less than, the remaining term to stated maturity of the deleted Loan; (vi)
have an original Loan-to-Value Ratio not higher than that of the deleted Loan
and a current Loan-to-Value Ratio not higher than the then current Loan-to-Value
Ratio of the deleted Loan; (vii) materially comply as of the date of
substitution with all of the representations and warranties set forth in the
applicable Mortgage Loan Purchase Agreement; (viii) have an Environmental
Assessment that indicates no material adverse environmental conditions with
respect to the related Mortgaged Property and which will be delivered as a part
of the related Mortgage File; (ix) have an original Debt Service Coverage Ratio
of not less than the original Debt Service Coverage Ratio of the deleted Loan
and a current Debt Service Coverage Ratio of not less than the current Debt
Service Coverage Ratio of the deleted Loan; (x) be determined by an Opinion of
Counsel (at the applicable Mortgage Loan Seller's expense) to be a "qualified
replacement mortgage" within the meaning of Section 860G(a)(4) of the Code; (xi)
not have a maturity date after the date two years prior to the Rated Final
Distribution Date; (xii) not be substituted for a deleted Loan unless the
Trustee has received prior confirmation in writing by each Rating Agency that
such substitution will not result in the withdrawal, downgrade, or qualification
of the rating assigned by the Rating Agency to any Class of Certificates then
rated by the Rating Agency (the cost, if any, of obtaining such confirmation to
be paid by the applicable Mortgage Loan Seller); (xiii) have been approved by
the Directing Certificateholder in its sole discretion; (xiv) prohibit
defeasance within two years of the Closing Date and (xv) not be substituted for
a deleted Loan if it would result in the termination of the REMIC status of any
Trust REMIC established under this Agreement or the imposition of tax on any
such Trust REMIC other than a tax on income expressly permitted or contemplated
to be received by the terms of this Agreement, as determined by an Opinion of
Counsel. In the event that one or more mortgage loans are substituted for one or
more deleted Loans, then the amounts described in clause (i) shall be determined
on the basis of aggregate principal balances and the rates described in clause
(ii) above (provided, that no Net Mortgage Rate shall be less than the
Pass-Through Rate of any class of Sequential Pay Certificates then outstanding)
and the remaining term to stated maturity referred to in clause (v) above shall
be determined on a weighted average basis; provided that no interest rate on any
individual Qualified Substitute Mortgage Loan, less the Master Servicing Fee
Rate, Primary Servicing Fee Rate and the Trustee Fee Rate, may be less than the
lowest Pass-Through Rate (other than the Class A-X Pass-Through Rate or the
Class A-SP Pass-Through Rate). When a Qualified Substitute Mortgage Loan is
substituted for a deleted Loan, the applicable Mortgage Loan Seller shall
certify that the Loan meets all of the requirements of the above definition and
shall send such certification to the Trustee.

            "Rated Final Distribution Date": As to each Class of Certificates,
other than the Class O Certificates, the Distribution Date occurring in July
2035.

            "Rating Agency": Each of Moody's and Fitch, (and, solely with
respect to matters concerning the Westfarms Mall Total Loan, if S&P is rating
the certificates issued pursuant to a securitization which contains the
Companion Loan, S&P) or their successors in interest. If any of such rating
agencies or any successor thereto ceases to remain in existence, "Rating Agency"
shall be deemed to refer to any other NRSRO, or other comparable Person,
designated by the Depositor to replace the rating agency that has ceased to
exist. Notice of such designation shall be given to the Trustee and the Master
Servicer, and the specific ratings of Fitch and Moody's herein referenced shall
be deemed to refer to the equivalent ratings of the party so designated. Any
reference to a written confirmation from such Rating Agency with respect to S&P
shall refer to the ratings assigned to certificates issued pursuant to a
securitization which contains the Companion Loan.

            "Record Date": With respect to any Distribution Date other than the
first Distribution Date, the last Business Day of the month immediately
preceding the month in which such Distribution Date occurs and, with respect to
the first Distribution Date, the Closing Date.

            "Registrar Office":  As defined in Section 5.02(a).

            "Regular Certificate": Any Public Certificate or Private
Certificate.

            "Regulation S Global Certificate": As defined in Section 5.01(a).

            "Regulation S Investment Representation Letter": As defined in
Section 5.02(b).

            "Reimbursement Rate": The rate per annum applicable to the accrual
of interest on Servicing Advances in accordance with Section 3.03(d) and P&I
Advances in accordance with Section 4.03(d), which rate per annum shall equal
the "Prime Rate" published in the "Money Rates" Section of The Wall Street
Journal (or, if such Section or publication is no longer available, such other
comparable publication as is determined by the Trustee in its sole discretion)
as may be in effect from time to time, or, if the "Prime Rate" no longer exists,
such other comparable rate (as determined by the Trustee in its reasonable
discretion) as may be in effect from time to time.

            "Remaining Principal Distribution Amount": As to any Distribution
Date and any Class of Subordinate Certificates, the amount, if any, by which the
Principal Distribution Amount for such Distribution Date exceeds the aggregate
amount distributed in respect of Principal Distribution Amounts on such
Distribution Date to all Classes senior to such Class.

            "REMIC": A "real estate mortgage investment conduit" as defined in
Section 860D of the Code (or any successor thereto).

            "REMIC Provisions": Provisions of the federal income tax law
relating to real estate mortgage investment conduits, which appear at Sections
860A through 860G of Subchapter M of Chapter 1 of Subtitle A of the Code, and
related provisions, and temporary and final regulations and, to the extent not
inconsistent with such temporary and final regulations, proposed regulations,
and published rulings, notices and announcements promulgated thereunder, as the
foregoing may be in effect from time to time.

            "Rents from Real Property": With respect to any REO Property, gross
income of the character described in Section 856(d) of the Code, which income,
subject to the terms and conditions of that Section of the Code in its present
form, does not include:

                  (i) except as provided in Section 856(d)(4) or (6) of the
            Code, any amount received or accrued, directly or indirectly, with
            respect to such REO Property, if the determination of such amount
            depends in whole or in part on the income or profits derived by any
            Person from such property (unless such amount is a fixed percentage
            or percentages of receipts or sales and otherwise constitutes Rents
            from Real Property);

                  (ii) any amount received or accrued, directly or indirectly,
            from any Person if the Trust Fund owns directly or indirectly
            (including by attribution) a ten percent or greater interest in such
            Person determined in accordance with Sections 856(d)(2)(B) and
            (d)(5) of the Code;

                  (iii) any amount received or accrued, directly or indirectly,
            with respect to such REO Property if any Person Directly Operates
            such REO Property;

                  (iv) any amount charged for services that are not customarily
            furnished in connection with the rental of property to tenants in
            buildings of a similar Class in the same geographic market as such
            REO Property within the meaning of Treasury Regulations Section
            1.856-4(b)(1) (whether or not such charges are separately stated);
            and

                  (v) rent attributable to personal property unless such
            personal property is leased under, or in connection with, the lease
            of such REO Property and, for any taxable year of the Trust Fund,
            such rent is no greater than 15 percent of the total rent received
            or accrued under, or in connection with, the lease.

            "REO Account": A segregated custodial account or accounts created
and maintained by the Special Servicer pursuant to Section 3.16 on behalf of the
Trustee in trust for the Certificateholders and the holder of any related B Note
if in connection the Westfarms Mall Total Loan and the holder of the related
Companion Loan if in connection with a Loan Pair, which shall be entitled
"Clarion Partners, LLC, as Special Servicer, in trust for LaSalle Bank National
Association, as Trustee, for Holders of Credit Suisse First Boston Mortgage
Securities Corp. Commercial Mortgage Pass-Through Certificates and the holder of
any related B Note or Companion Loan, as their interests may appear, Series
2002-CP3 REO Account." Any such account or accounts shall be an Eligible
Account.

            "REO Acquisition": With respect to any Loan, the acquisition by the
Trust Fund of REO Property related to such Loan.

            "REO Acquisition Date": The date of the Trust Fund's acquisition for
federal income tax purposes of any REO Property pursuant to Section 3.09.

            "REO Disposition": The sale or other disposition of the REO Property
pursuant to Section 3.18(e).

            "REO Extension":  As defined in Section 3.16(a).

            "REO Loan": The Loan, Companion Loan or B Note deemed to be
outstanding with respect to each REO Property. Each REO Loan shall be deemed to
be outstanding for so long as the related REO Property remains part of the Trust
Fund, and shall be deemed to provide for Assumed Scheduled Payments on each Due
Date therefor and otherwise have the same terms and conditions as its
predecessor Loan, Companion Loan or B Note, including, without limitation, with
respect to the calculation of the Mortgage Rate in effect from time to time
(such terms and conditions to be applied without regard to the default on such
predecessor Loan, Companion Loan or B Note). Each REO Loan shall be deemed to
have an initial outstanding principal balance and Stated Principal Balance equal
to the outstanding principal balance and Stated Principal Balance, respectively,
of its predecessor Loan as of the related REO Acquisition Date. All amounts due
and owing in respect of the predecessor Loan, Companion Loan or B Note as of the
related REO Acquisition Date, including, without limitation, accrued and unpaid
interest, shall continue to be due and owing in respect of an REO Loan. All
amounts payable or reimbursable to the Master Servicer, the Special Servicer,
the Trustee or the Fiscal Agent, as applicable, in respect of the predecessor
Loan, Companion Loan or B Note as of the related REO Acquisition Date,
including, without limitation, any unpaid Special Servicing Fees and Master
Servicing Fees and any unreimbursed Advances, together with any interest accrued
and payable to the Master Servicer, the Trustee or the Fiscal Agent in respect
of such Advances in accordance with Section 3.03(d) or Section 4.03(d), shall
continue to be payable or reimbursable to the Master Servicer, the Trustee, or
the Fiscal Agent in respect of an REO Loan. Collections in respect of each REO
Loan (exclusive of amounts to be applied to the payment of, or to be reimbursed
to the Master Servicer or the Special Servicer for the payment of, the costs of
operating, managing and maintaining the related REO Property) shall be treated:
first, as a recovery of accrued and unpaid Advances, Primary Servicing Fees and
Master Servicing Fees and related interest due the Master Servicer, the Trustee
or the Fiscal Agent, as applicable; second, as a recovery of accrued and unpaid
interest on such REO Loan at the related Mortgage Rate to but not including the
Due Date in the Due Period of receipt; third, as a recovery of principal of such
REO Loan to the extent of its entire unpaid principal balance; and fourth, in
accordance with the Servicing Standard of the Master Servicer, as a recovery of
any other amounts due and owing in respect of such REO Loan, including, without
limitation, Yield Maintenance Charges and Penalty Charges.

            "REO Property": A Mortgaged Property (or an interest therein, if the
Mortgaged Property securing the Westfarms Mall Total Loan has been acquired by
the Trust) acquired by the Special Servicer on behalf of and in the name of the
Trustee (or its nominee) for the benefit of the Certificateholders through
foreclosure, acceptance of a deed in lieu of foreclosure or otherwise in
accordance with applicable law in connection with the default or imminent
default of a Loan.

            "REO Revenues": All income, rents and profits derived from the
ownership, operation or leasing of any REO Property. With respect to an REO
Property that had been security for the Westfarms Mall Total Loan, the portion
of the amounts described above received with respect to such REO Property and
allocable to the related A-1 Note pursuant to the related Intercreditor
Agreement.

            "Request for Release": A release signed by a Servicing Officer of
the Master Servicer or the Special Servicer, as applicable, in the form of
Exhibit F attached hereto.

            "Requesting Subordinate Certificateholder": The Holder of any of the
Class L, Class M, Class N or Class O Certificates, that delivers notice to the
Trustee, the Master Servicer and the Special Servicer indicating that such
Holder is a "Requesting Subordinate Certificateholder."

            "Residual  Certificate":  Any  Class R  Certificate  or  Class  LR
Certificate issued, authenticated and delivered hereunder.

            "Responsible Officer": When used with respect to the initial Trustee
or Fiscal Agent, any Vice President, Assistant Vice President or trust officer
of the Trustee or Fiscal Agent having direct responsibility for the
administration of this Agreement, and with respect to any successor trustee or
fiscal agent, any officer or assistant officer in the asset-backed securities
trust services group of the Trustee or Fiscal Agent or any other officer of the
Trustee or Fiscal Agent customarily performing functions similar to those
performed by any of the above designated officers to whom a particular matter is
referred by the Trustee or Fiscal Agent because of such officer's knowledge of
and familiarity with the particular subject.

            "Restricted Master Servicer Reports": Collectively, the CMSA
Comparative Financial Status Report, the CMSA Servicer Watch List, the CMSA
Operating Statement Analysis Report, the Asset Status Report and CMSA NOI
Adjustment Worksheet.

            "Revised Rate": With respect to the ARD Loans, the increased
interest rate after the Anticipated Repayment Date (in the absence of a default)
for each applicable ARD Loan, as calculated and as set forth in the related ARD
Loan.

            "Rule 144A Global Certificate":  As defined in Section 5.01(a).

            "S&P":  Standard & Poor's  Ratings  Services,  a  division  of The
McGraw-Hill Companies, Inc., and its successors in interest.

            "Securities Act":  The Securities Act of 1933, as amended.

            "Security Agreement": With respect to any Loan, any security
agreement or equivalent instrument, whether contained in the related Mortgage or
executed separately, creating in favor of the holder of such Mortgage a security
interest in the personal property constituting security for repayment of such
Loan.

            "Security   Position   Listing":   A  listing   prepared   by  the
Depository  of the  holdings of  Depository  Participants  with respect to the
Certificates.

            "Sequential Pay Certificates": Any of the Class A-1, Class A-2,
Class A-3, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class
J, Class K, Class L, Class M, Class N or Class O Certificates.

            "Servicing   Account":   The  account  or  accounts   created  and
maintained pursuant to Section 3.03.

            "Servicing Advances": All customary, reasonable and necessary
"out-of-pocket" costs and expenses, including attorneys' fees and expenses and
fees of real estate brokers, paid or to be paid, as the context requires, out of
its own funds, by the Master Servicer or the Special Servicer (or, if
applicable, KRECM, the Trustee or Fiscal Agent) in connection with the servicing
of a Loan and/or (if applicable) the related Companion Loan, after a default,
delinquency or other unanticipated event has occurred or is reasonably
foreseeable, or in connection with the administration of any REO Property,
including (1) any such costs and expenses associated with (a) compliance with
the obligations of the Master Servicer and/or the Special Servicer set forth in
Sections 2.03, 3.03(c) and 3.09, (b) the preservation, insurance, restoration,
protection and management of a Mortgaged Property, including the cost of any
"force placed" insurance policy purchased by the Master Servicer or the Special
Servicer to the extent such cost is allocable to a particular Mortgaged Property
that the Master Servicer or the Special Servicer is required to cause to be
insured pursuant to Section 3.07, (c) obtaining any Insurance and Condemnation
Proceeds or Liquidation Proceeds in respect of any such Loan, Companion Loan or
any REO Property, (d) any enforcement or judicial proceedings with respect to
any such Loan and/or (if applicable) the related Companion Loan or B Note,
including foreclosures and similar proceedings, (e) the operation, leasing,
management, maintenance and liquidation of any REO Property, (f) obtaining any
Appraisal required to be obtained hereunder, and (g) UCC filings (to the extent
that the costs thereof are not reimbursed by the related Borrower), (2) the
reasonable and direct out-of-pocket travel expenses incurred by the Special
Servicer in connection with performing inspections pursuant to Section 3.19, and
(3) any other expenditure which is expressly designated as a Servicing Advance
herein.

            "Servicing File": Any documents, certificates, opinions and reports
(other than documents required to be part of the related Mortgage File)
delivered by the related Borrower in connection with or relating to the
origination and servicing of any Loan or Companion Loan or which are reasonably
required for the ongoing administration of the Loan or Companion Loan, including
appraisals, surveys, engineering reports, environmental reports, financial
statements, leases, rent rolls and tenant estoppels, together with copies of
documents required to be part of the related Mortgage File.

            "Servicing Officer": Any officer and/or employee of the Master
Servicer or the Special Servicer involved in, or responsible for, the
administration and servicing of the Loans, whose name and specimen signature
appear on a list of servicing officers furnished by the Master Servicer to the
Trustee and the Depositor on the Closing Date as such list may be amended from
time to time thereafter.

            "Servicing Standard":  As defined in Section 3.01(a).

            "Servicing Transfer Event": With respect to any Loan, Companion Loan
or B Note, as applicable, the occurrence of any of the following events:

                  (i) a payment default shall have occurred on such Loan,
            Companion Loan or B Note at its Maturity Date (except, if (a) the
            Borrower is making its Assumed Scheduled Payment, (b) the Borrower
            notifies the Master Servicer of its intent to refinance such Loan
            prior to the Maturity Date of the Loan, Companion Loan or B Note,
            (c) the Borrower delivers a firm commitment to refinance acceptable
            to the Directing Certificateholder within 45 days after the Maturity
            Date, and (d) such refinancing occurs within 90 days of such
            default, which 90 day period may be extended to 150 days at the
            Directing Certificateholder's discretion); or

                  (ii) any Monthly Payment (other than a Balloon Payment) is 60
            days or more delinquent; or

                  (iii) the Master Servicer, Directing Certificateholder or the
            Special Servicer determines that a payment default has occurred or
            is imminent and is not likely to be cured within 60 days; or

                  (iv) 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 or the appointment of a conservator or receiver or
            liquidator in any insolvency, readjustment of debt, marshaling of
            assets and liabilities or similar proceedings, or for the winding-up
            or liquidation of its affairs is entered against the related
            Borrower; provided that if such decree or order is discharged or
            stayed within 60 days of being entered, such Loan, Companion Loan or
            B Note shall not be a Specially Serviced Loan (and no Special
            Servicing Fees, Workout Fees or Liquidation Fees will be payable
            with respect thereto); or

                  (v) the related Borrower shall file for or consent to the
            appointment of a conservator or receiver or liquidator in any
            insolvency, readjustment of debt, marshaling of assets and
            liabilities or similar proceedings of or relating to such Borrower
            or of or relating to all or substantially all of its property; or

                  (vi) the related Borrower shall admit in writing its inability
            to pay its debts generally as they become due, file a petition to
            take advantage of any applicable insolvency or reorganization
            statute, make an assignment for the benefit of its creditors, or
            voluntarily suspend payment of its obligations; or

                  (vii) the Master Servicer has received notice of the
            foreclosure or proposed foreclosure of any lien on the related
            Mortgaged Property; or

                  (viii) with respect to the Westfarms Mall Total Loan, if the
            holder of the B Note has exercised its right to cure three
            consecutive monetary defaults or five cures of monetary defaults
            within any 12 month period and a monetary default occurs in the
            following month, then servicing of such Loan shall be transferred to
            the related Special Servicer at the expiration of the Mortgagor's
            grace period for the current monetary default; or

                  (ix) any other default has occurred which has materially and
            adversely affected the value of the related Loan, Companion Loan or
            B Note and has continued unremedied for the applicable grace period
            specified in the related Mortgage, provided that the failure of the
            related Borrower to obtain all-risk casualty insurance which does
            not contain any carve-out for terrorist or similar act (other than
            such amounts as are specifically required by the related Loan
            Agreement) shall not apply with respect to this clause if the
            Special Servicer has determined in accordance with the Servicing
            Standard that either (a) such insurance is not available at
            commercially reasonable rates and that such hazards are not at the
            time commonly insured against for properties similar to the
            Mortgaged Property and located in or around the region in which such
            Mortgaged Property is located or (b) such insurance is not available
            at any rate.

            If a default occurs under the Westfarms Mall Total Loan, which the
holder of the B Note has the option to cure pursuant to the A/B Mortgage Loan
Intercreditor Agreement, then a Servicing Transfer Event will not be deemed to
have occurred with respect to the Westfarms Mall Total Loan and the Westfarms
Mall Total Loan will not be considered a Specially Serviced Loan unless and
until the holder of the B Note does not exercise its option to cure prior to the
expiration of the applicable cure period as described in such A/B Mortgage Loan
Intercreditor Agreement.

            "Significant Loan": At any time, (a) any Loan (i) whose principal
balance is $20,000,000 or more at such time or (ii) that is (x) a Loan, (y) part
of a group of Crossed Loans or (z) part of a group of Loans made to affiliated
Borrowers that, in each case, in the aggregate, represents 5% or more of the
aggregate outstanding principal balance of all of the Loans at such time or (b)
any one of the ten largest Loans, (which for the purposes of this definition
shall include groups of Crossed Loans and groups of Loans made to affiliated
Borrowers) by outstanding principal balance at such time.

            "Similar Law": As defined in Section 5.02(e).

            "Single-Purpose Entity" or "SPE": A person, other than an
individual, whose organizational documents provide (with such exceptions as may
be approved by the Master Servicer or Special Servicer in their respective
discretion, in each case in accordance with the Servicing Standard) that it is
formed solely for the purpose of owning and pledging Defeasance Collateral
relating to one or more Defeasance Loans; shall not engage in any business
unrelated to such Defeasance Collateral; shall not have any assets other than
those related to its interest in the Defeasance Collateral and may not incur any
indebtedness other than as required to assume the defeased obligations under the
related Note or Notes that have been defeased; shall maintain its own books,
records and accounts, in each case which are separate and apart from the books,
records and accounts of any other Person; shall hold regular meetings, as
appropriate, to conduct its business, and shall observe all entity level
formalities and recordkeeping; shall conduct business in its own name and use
separate stationery, invoices and checks; may not guarantee or assume the debts
or obligations of any other Person; shall not commingle its assets or funds with
those of any other Person; shall pay its obligations and expenses and the
salaries of its own employees from its own funds and allocate and charge
reasonably and fairly any common employees or overhead shared with Affiliates;
shall prepare separate tax returns and financial statements or, if part of a
consolidated group, shall be shown as a separate member of such group; shall
transact business with Affiliates on an arm's-length basis pursuant to written
agreements; shall hold itself out as being a legal entity, separate and apart
from any other Person; if such entity is a limited partnership, shall have as
its only general partners, general partners which are Single-Purpose Entities
which are corporations; if such entity is a corporation, at all relevant times,
has and will have at least one Independent Director; the board of directors of
such entity shall not take any action requiring the unanimous affirmative vote
of 100% of the members of the board of directors unless all of the directors,
including without limitation all Independent Directors, shall have participated
in such vote; shall not fail to correct any known misunderstanding regarding the
separate identity of such entity; if such entity is a limited liability company,
shall have at least one member that is a Single-Purpose Entity which is a
corporation, and such corporation shall be the managing member of such limited
liability company; shall hold its assets in its own name; except for the pledge
of such Defeasance Collateral, shall not pledge its assets for the benefit of
any other person or entity; shall not make loans or advances to any person or
entity; shall not identify its partners, members or shareholders, or any
affiliates of any of them as a division or part of it; if such entity is a
limited liability company, such entity shall dissolve only upon the bankruptcy
of the managing member, and such entity's articles of organization, certificate
of formation and/or operating agreement, as applicable, shall contain such
provision; if such entity is a limited liability company or limited partnership,
and such entity has one or more managing members or general partners, as
applicable, then such entity shall continue (and not dissolve) for so long as a
solvent managing member or general partner, as applicable, exists and such
entity's organizational documents shall contain such provision. The SPE's
organizational documents shall further prohibit any dissolution and winding up
and provide that any insolvency filing for such entity requires the unanimous
consent of all partners, directors (including without limitation all Independent
Directors) or members, as applicable, and that such documents may not be amended
with respect to the Single-Purpose Entity requirements so long as any
Certificates are outstanding.

            "Sole Certificateholder": Any Holder (or Holders provided they act
in unanimity) holding 100% of the then outstanding Class A-X, Class A-SP, Class
J, Class K, Class L, Class M, Class N and Class O Certificates or an assignment
of the voting rights thereof; provided, however, that the Certificate Balances
of the Class A-1, Class A-2, Class A-3, Class B, Class C, Class D, Class E,
Class F, Class G and Class H Certificates have been reduced to zero.

            "Special Servicer": Clarion Partners, LLC and its successors in
interest and assigns, or any successor special servicer appointed as herein
provided.

            "Special Servicing Fee": With respect to each Specially Serviced
Loan and REO Loan, the fee payable to the Special Servicer pursuant to the first
paragraph of Section 3.11(b).

            "Special Servicing Fee Rate": With respect to each Specially
Serviced Loan and each REO Loan, 0.35% per annum computed on the basis of the
Stated Principal Balance of the related Loan and for the same period for which
any related interest payment on the related Specially Serviced Loan is computed,
as more particularly described in Section 3.11; provided, however, that, such
fee shall at least equal $4,000 per month with respect to each Specially
Serviced Loan, and provided, further, that such minimum amount may be reduced by
the Directing Certificateholder.

            "Specially Serviced Loan": As defined in Section 3.01(a).

            "Startup Day":  The Closing Date.

            "State Tax Laws": The state and local tax laws of any state, the
applicability of which to the Trust Fund or the Trust REMICs shall have been
confirmed to the Trustee in writing either by the delivery to the Trustee of an
Opinion of Counsel to such effect (which Opinion of Counsel shall not be at the
expense of the Trustee), or by the delivery to the Trustee of a written
notification to such effect by the taxing authority of such state.

            "Stated Principal Balance": With respect to any Loan, Companion Loan
or B Note (other than an REO Loan), as of any date of determination, an amount
equal to (x) the Cut-off Date Principal Balance of such Loan, Companion Loan or
B Note minus (y) the sum of:

                  (i) the principal portion of each Monthly Payment due on such
            Loan, Companion Loan or B Note after the Cut-off Date, to the extent
            received from the Borrower or advanced by the Master Servicer,
            Trustee or Fiscal Agent, as applicable, and distributed to
            Certificateholders, the holder of the A-2 Note or the holder of the
            B Note on or before such date of determination;

                  (ii) all Principal Prepayments received with respect to such
            Loan, Companion Loan or B Note after the Cut-off Date, to the extent
            distributed to Certificateholders, the holder of the A-2 Note or the
            holder of the B Note on or before such date of determination;

                  (iii) the principal portion of all Insurance and Condemnation
            Proceeds and Liquidation Proceeds received with respect to such
            Loan, Companion Loan or B Note after the Cut-off Date, to the extent
            distributed to Certificateholders on or before such date of
            determination;

                  (iv) any reduction in the outstanding principal balance of
            such Loan, Companion Loan or B Note resulting from a Deficient
            Valuation that occurred prior to the end of the Due Period for the
            most recent Distribution Date; and

                  (v) any reduction in the outstanding principal balance of such
            Loan, Companion Loan or B Note due to a modification by the Special
            Servicer pursuant to Section 3.20(d).

            With respect to any REO Loan, as of any date of determination, an
amount equal to (x) the Stated Principal Balance of the predecessor Loan as of
the related REO Acquisition Date, minus (y) the sum of:

                  (i) the principal portion of any P&I Advance made with respect
            to an REO Loan on or after the related REO Acquisition Date, to the
            extent distributed to Certificateholders on or before such date of
            determination; and

                  (ii) the principal portion of all Insurance and Condemnation
            Proceeds, Liquidation Proceeds and REO Revenues received with
            respect to such REO Loan, to the extent distributed to
            Certificateholders on or before such date of determination.

            A Loan or an REO Loan shall be deemed to be part of the Trust Fund
and to have an outstanding Stated Principal Balance until the Distribution Date
on which the payments or other proceeds, if any, received in connection with a
Liquidation Event in respect thereof are to be distributed to
Certificateholders.

            The Stated Principal Balance of any Loan as to which there has been
a Final Recovery Determination shall be, following the application of all
amounts received in received in connection with such Loan in accordance with the
terms hereof, zero.

            "Statement to Certificateholders": As defined in Section 4.02(a).

            "Sub-Servicer": Any Person with which the Master Servicer or the
Special Servicer has entered into a Sub-Servicing Agreement, including any
Primary Servicer.

            "Sub-Servicing Agreement": The subservicing agreements between the
Master Servicer or the Special Servicer, as the case may be, and any
Sub-Servicer relating to servicing and administration of Loans by such
Sub-Servicer as provided in Section 3.22, including any Primary Servicing
Agreement.

            "Subordinate Certificate": Any Class B, Class C, Class D, Class E,
Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N or Class
O Certificate.

            "Substitution Shortfall Amount": With respect to a substitution
pursuant to Section 2.03(b) hereof, an amount equal to the excess, if any, of
the Purchase Price of the Loan being replaced calculated as of the date of
substitution over the Stated Principal Balance of the related Qualified
Substitute Mortgage Loan as of the date of substitution. In the event that one
or more Qualified Substitute Mortgage Loans are substituted (at the same time)
for one or more deleted Loans, the Substitution Shortfall Amount shall be
determined as provided in the preceding sentence on the basis of the aggregate
Purchase Prices of the Loan or Loans being replaced and the aggregate Stated
Principal Balances of the related Qualified Substitute Mortgage Loan or Loans.

            "Successor Manager":  As defined in Section 3.19(c).

            "Tax Returns": The federal income tax returns on Internal Revenue
Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax
Return, including Schedule Q thereto, Quarterly Notice to Residual Interest
Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms,
to be filed on behalf of each of the Upper-Tier REMIC and the Lower-Tier REMIC
created hereunder due to its classification as a REMIC under the REMIC
Provisions, and Forms 1041 for the portions of the Trust Fund intended to be
treated as a grantor trust for federal income tax purposes, together with any
and all other information, reports or returns that may be required to be
furnished to the Certificateholders or filed with the Internal Revenue Service
or any other governmental taxing authority under any applicable provisions of
federal or State Tax Laws.

            "Termination Notice":  As defined in Section 7.01(b).

            "Transfer": Any direct or indirect transfer, sale, pledge,
hypothecation, or other form of assignment of any Ownership Interest in a
Certificate.

            "Transfer Affidavit": As defined in Section 5.02(g)(i)(B).

            "Transferee": Any Person who is acquiring by Transfer any Ownership
Interest in a Certificate.

            "Transferor": Any Person who is disposing by Transfer any Ownership
Interest in a Certificate.

            "Transferor Letter": As defined in Section 5.02(g)(i)(D).

            "Treasury Rate": With respect to any Principal Prepayment made on a
Loan, the yield calculated by the linear interpolation of the yields reported in
Federal Reserve Statistical Release H.15 Selected Interest Rates (the "Release")
under the heading "U.S. government securities" and the subheading "Treasury
constant maturities" for the week ending immediately before the related
Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one
longer and one shorter) most nearly approximating the Maturity Date of such Loan
(or, if such Loan is an ARD Loan, the related Anticipated Repayment Date). If
the Release is no longer published, the Master Servicer shall select a
comparable publication to determine the Treasury Rate in its reasonable
discretion.

            "Trust": As defined in the Preliminary Statement.

            "Trust Fund": The segregated pool of assets subject hereto,
constituting the Trust, consisting of: (i) the Loans subject to this Agreement
and all interest and principal received or receivable on or with respect to the
Loans (other than payments of principal and interest due and payable on the
Loans on or before the Cut-off Date and Principal Prepayments paid on or before
the Cut-off Date), together with all documents included in the related Mortgage
Files; (ii) such funds or assets as from time to time are deposited in the
Collection Account, the Distribution Account, the Excess Liquidation Proceeds
Account, the Excess Interest Distribution Account, the Interest Reserve Account
and, if established, the REO Account; (iii) any REO Property; (iv) the rights of
the mortgagee under all Insurance Policies with respect to the Loans; (v) the
Uncertificated Lower-Tier Interests; and (viii) the rights of the Depositor
under the Mortgage Loan Purchase Agreements.

            "Trust REMIC": The Upper-Tier REMIC or the Lower-Tier REMIC.

            "Trustee": LaSalle Bank National Association, a national banking
association, in its capacity as trustee and its successors in interest, or any
successor trustee appointed as herein provided.

            "Trustee Exception Report": As defined in Section 2.02(e).

            "Trustee Fee": The fee to be paid to the Trustee as compensation for
the Trustee's activities under this Agreement.

            "Trustee Fee Rate": A rate equal to 0.0025% per annum computed on
the same basis and in the same manner as interest is computed on the related
Loan or REO Loan.

            "UCC": The Uniform Commercial Code, as enacted in each applicable
state.

            "UCC Financing Statement": A financing statement filed or to be
filed pursuant to the UCC, as in effect in the relevant jurisdiction.

            "Uncertificated Lower-Tier Interests": Any of the Class LA-1, Class
LA-2, Class LA-3-1, Class LA-3-2, Class LA-3-3, Class LB, Class LC, Class LD,
Class LE, Class LF, Class LG, Class LH, Class LJ, Class LK, Class LL, Class LM,
Class LN and Class LO Uncertificated Interests.

            "Uncovered Prepayment Interest Shortfall": As to any Distribution
Date and any Loan as to which a Principal Prepayment is made, the excess, if
any, of (i) the Prepayment Interest Shortfall relating to a Principal
Prepayment, if any, for such Loan as of such Distribution Date, over (ii) the
deposits made by the Master Servicer to the Trustee pursuant to Section 3.02(d).

            "Uncovered Prepayment Interest Shortfall Amount": As to any
Distribution Date, the amount, if any, by which (i) the sum of the Uncovered
Prepayment Interest Shortfalls, if any, for such Distribution Date exceeds (ii)
the aggregate amount of Prepayment Interest Excesses, if any, on all Loans for
such Distribution Date.

            "Underwriters": Collectively, Credit Suisse First Boston
Corporation, Morgan Stanley & Co., Incorporated and PNC Capital Markets, Inc.

            "Unpaid Interest Shortfall Amount": As to the first Distribution
Date and any Class of Regular Certificates, zero. As to any Distribution Date
after the first Distribution Date and any Class of Regular Certificates, the
amount, if any, by which the sum of the Interest Shortfall Amounts for such
Class for prior Distribution Dates exceeds the sum of the amounts distributed on
such Class on prior Distribution Dates in respect of such Interest Shortfall
Amounts.

            "Unrestricted Master Servicer Reports": Collectively, the CMSA
Delinquent Loan Status Report, CMSA Historical Loan Modification Report, CMSA
Historical Liquidation Report and CMSA REO Status Report.

            "Upper-Tier Distribution Account": The account, accounts or
sub-account created and maintained by the Trustee, pursuant to Section 3.04(b)
in trust for the Certificateholders. Any such account or accounts shall be an
Eligible Account or a subaccount of an Eligible Account.

            "Upper-Tier REMIC": One of the two separate REMICs comprising the
Trust Fund, the assets of which consist of the Uncertificated Lower-Tier
Interests and such amounts as shall from time to time be held in the Upper-Tier
Distribution Account.

            "U.S. Person": A citizen or resident of the United States, a
corporation or partnership (including an entity treated as a corporation or
partnership for federal income tax purposes) created or organized in, or under
the laws of, the United States or any State thereof or the District of Columbia
(other than a partnership that is not treated as a U.S. Person under any
applicable Treasury regulations), an estate whose income is subject to United
States federal income tax purposes regardless of its source, or a trust if a
court within the United States is able to exercise primary supervision over the
administration of the trust and one or more U.S. Persons have authority to
control all substantial decisions of the trust. Notwithstanding the preceding
sentence, to the extent provided in Treasury Regulations, certain trusts in
existence on August 20, 1996 and treated as United States persons prior to such
date that elect to continue to be so treated also shall be considered U.S.
Persons.

            "Voting Rights": The portion of the voting rights of all of the
Certificates, which is allocated to any Certificate. At all times during the
term of this Agreement and for any date of determination, the Voting Rights
shall be allocated among the various Classes of Certificateholders as follows:
(i) 1% in the case of the Class A-X and Class A-SP Certificates, (based on the
respective Notional Balance of each Class related to the aggregate Notional
Balance of the two Classes) and (ii) in the case of any other Class of Regular
Certificates a percentage equal to the product of 99% and a fraction, the
numerator of which is equal to the aggregate Certificate Balance of such Class,
in each case, determined as of the Distribution Date immediately preceding such
date of determination, and the denominator of which is equal to the aggregate
Certificate Balance of the Regular Certificates (other than the Class A-X and
Class A-SP Certificates), each determined as of the Distribution Date
immediately preceding such date of determination. None of the Class V, Class LR
or Class R Certificates will be entitled to any Voting Rights. For purposes of
determining Voting Rights, the Certificate Balance of any Class shall be deemed
to be reduced by allocation of the Collateral Support Deficit to such Class, but
not by Appraisal Reductions allocated to such Class. Voting Rights allocated to
a Class of Certificateholders shall be allocated among such Certificateholders
in proportion to the Percentage Interests evidenced by their respective
Certificates.

            "Website": The internet website maintained by the Trustee initially
located at "www.etrustee.net" or the internet website of the Master Servicer
initially located at "www.midlandls.com."

            "Weighted Average Net Mortgage Rate": As to any Distribution Date,
the average, as of such Distribution Date, of the Net Mortgage Pass-Through
Rates of the Loans, as applicable, weighted by the Stated Principal Balances
thereof.

            "Westfarms Mall A Note Intercreditor Agreement": With respect to the
Loan Pair, the related intercreditor agreement by and between the holders of the
Westfarms Mall Loan and the related Companion Loan relating to the relative
rights of such holders of the respective Westfarms Mall Loan and Companion Loan,
as the same may be further amended from time to time in accordance with the
terms thereof.

            "Westfarms Mall Loan": The A-1 Note, which is secured by the Pari
Passu Mortgage on a pari passu basis with the Companion Loan. The Westfarms Mall
Loan is a "Loan."

            "Westfarms Mall Total Loan": That loan identified as Mortgage Loan
No. 1 on the Mortgage Loan Schedule. References herein to the Westfarms Mall
Total Loan shall be construed to refer to the aggregate indebtedness under the
related A Note and the related B Note.

            "Withheld Amounts": As defined in Section 3.29(a).

            "Workout Fee": The fee paid to the Special Servicer with respect to
each Corrected Loan.

            "Workout Fee Rate": As defined in Section 3.11(b).

            "Yield Maintenance Charge": With respect to any Loan, the yield
maintenance charge set forth in the related Loan, including but not limited to a
yield maintenance charge which is based on the amount of Defeasance Collateral.
If a Yield Maintenance Charge becomes due for any particular Loan, the Master
Servicer shall be required to follow the terms and provisions contained in the
applicable Loan Documents; provided, however, that if the related Loan Documents
do not specify which U.S. Treasury obligations are to be used in determining the
discount rate or the reinvestment yield to be applied in such calculation, or if
the related Loan Documents are ambiguous, the Master Servicer shall be required
to use those U.S. Treasury obligations that will generate the lowest discount
rate or reinvestment yield for the purposes thereof. Accordingly, if either no
U.S. Treasury obligation, or more than one U.S. Treasury obligation, coincides
with the term over which the Yield Maintenance Charge is to be calculated
(which, depending on the applicable Loan Documents, is based on the remaining
average life of the Loan or the actual term remaining through the Maturity
Date), the Master Servicer shall use the U.S. Treasury obligations that mature
closest to but not exceeding the month in which the term over which the Yield
Maintenance Charge is to be calculated ends, and whose reinvestment yield is the
lowest, with such yield being based on the bid price for such issue as published
in the Treasury Bonds, Notes and Bills section of The Wall Street Journal on the
date that is fourteen (14) days prior to the date that the Yield Maintenance
Charge becomes due and payable (or, if such bid price is not published on that
date, the first preceding date on which such bid price is so published) and
converted to a monthly compounded nominal yield. The monthly compounded nominal
yield ("MEY") is derived from the reinvestment yield or discount rate and shall
be defined as MEY = (12 x [{(1+BEY/2)1/6}-1]) x 100 where BEY is defined as the
U.S. Treasury Reinvestment Yield in decimal, not percentage, form, and 1/6 is
the exponential power to which a portion of the equation is raised. For example,
using a BEY of 5.50%, the MEY = (12 x [{(1 + 0.055/2) 0.16667}-1]) x 100, where
0.055 is the decimal version of the percentage 5.50%, and 0.16667 is the decimal
version of the exponential power. (The MEY calculated in the above example is
5.438%.)

            "Yield Rate": With respect to any Loan, a rate equal to a per annum
rate calculated by the linear interpolation of the yields, as reported in the
most recent "Federal Reserve Statistical Release H.15 - Selected Interest Rates"
under the heading U.S. Government Securities/Treasury constant maturities
published prior to the date of the relevant prepayment of any Loan, of U.S.
Treasury constant maturities with maturity dates (one longer, one shorter) most
nearly approximating the maturity date (or, with respect to ARD Loans, the
Anticipated Repayment Date) of the Loan being prepaid or the monthly equivalent
of such rate. If Federal Reserve Statistical Release H.15 - Selected Interest
Rates is no longer published, the Master Servicer, on behalf of the Trustee,
will select a comparable publication to determine the Yield Rate.

            Section 1.02 Certain Calculations. Unless otherwise specified
herein, for purposes of determining amounts with respect to the Certificates and
the rights and obligations of the parties hereto, the following provisions shall
apply:

                  (i) All calculations of interest with respect to the Loans,
            Companion Loan or B Note and of interest earned on Advances provided
            for herein shall be made on the basis of a 360-day year consisting
            of twelve 30-day months.

                  (ii) Any Loan payment (including any Companion Loan or B Note
            payment) is deemed to be received on the date such payment is
            actually received by the Master Servicer or the Special Servicer;
            provided, however, that for purposes of calculating distributions on
            the Certificates, (i) any voluntary Principal Prepayment made on a
            date other than the related Due Date and in connection with which
            the Master Servicer has collected interest thereon through the end
            of the related Mortgage Interest Accrual Period shall be deemed to
            have been made, and the Master Servicer shall apply such Principal
            Prepayment to reduce the outstanding principal balance of the
            related Loan as if such Principal Prepayment had been received, on
            the following Due Date and (ii) all other Principal Prepayments with
            respect to any Loan are deemed to be received on the date they are
            applied to reduce the outstanding principal balance of such Loan.

                  (iii) Any reference to the Certificate Balance of any Class of
            Certificates on or as of a Distribution Date shall refer to the
            Certificate Balance of such Class of Certificates on such
            Distribution Date after giving effect to (a) any distributions made
            on such Distribution Date pursuant to Section 4.01(a) and (b) any
            Collateral Support Deficit allocated to such Class on such
            Distribution Date pursuant to Section 4.04.

            Section 1.03 Loan Identification Convention.

            Loans shall be identified in this Agreement by reference to their
respective loan numbers, as set forth under the column heading "Loan #" in
Exhibit A-1 to the Prospectus Supplement.

            Section 1.04 Certain Matters with respect to the Westfarms Mall
Total Loan.

            (a) The parties hereto acknowledge that, pursuant to Section 4 of
the A/B Mortgage Loan Intercreditor Agreement, if the A-1 Note is no longer part
of the Trust, the holder of the A-2 Note, if such A-2 Note is part of a rated
securitization, shall automatically become the lead lender and the A-1 Note and
B Note shall be serviced pursuant to the servicing agreement governing the
securitization containing such A-2 Note.

            (b)  The parties hereto acknowledge that, pursuant to Section 4 of
the A/B Mortgage Loan Intercreditor Agreement, if the A-1 Note is no longer part
of the Trust and the A-2 Note is not part of any rated securitization, the new
holder of the A-1 Note shall negotiate one or more new servicing agreements with
KRECM, the Master Servicer or the Special Servicer.

            (c)  For the avoidance of doubt, and subject to subsection (a)
above, the parties acknowledge that the rights and duties of each of the Master
Servicer and the Special Servicer under this Agreement and the obligation of the
Master Servicer, the Trustee or the Fiscal Agent to make Advances, insofar as
such rights, duties and obligations relate to the Westfarms Mall Total Loan
(including the B Note) or the Loan Pair, shall terminate upon the earliest to
occur of the following with respect to the Westfarms Mall Total Loan: (i) any
repurchase of or substitution for the Westfarms Mall Loan by the Mortgage Loan
Seller of the Westfarms Mall Total Loan, (ii) any purchase of the A-1 Note by
the owner of the B Note pursuant to the terms of the related A/B Mortgage Loan
Intercreditor Agreement and (iii) any payment in full of any and all amounts due
(or deemed due) under the Westfarms Mall Loan (or its successor REO Mortgage
Loan) (including amounts to which the holder of the Westfarms Mall Loan is
entitled under the related Intercreditor Agreement); provided, however, that
this statement shall not limit (A) the duty of the Master Servicer or Special
Servicer to deliver or make available the reports otherwise required of it
hereunder with respect to the period in which such event occurs or (B) the
rights of the Master Servicer or such Special Servicer that may otherwise accrue
or arise in connection with the performance of its duties hereunder with respect
to the Westfarms Mall Total Loan prior to the date on which such event occurs.

            (d)  In connection with any purchase described in clause (ii) of
subsection (c) or an event described in clause (iii) of subsection (c), the
Trustee, the Master Servicer and the Special Servicer shall each tender to (in
the case of a purchase under such clause (ii)) the related purchaser (provided
that the related purchaser shall have paid the full amount of the applicable
purchase price) or (in the case of such clause (iii)) to the holder of the
related Companion Loan or B Note (if then still outstanding), upon delivery to
them of a receipt executed by such purchaser or holder, all portions of the
Mortgage File possessed by the Trustee and other documents pertaining to the
Westfarms Mall Total Loan, possessed by the Trustee, and each document that
constitutes a part of the Mortgage File shall be endorsed or assigned by the
Trustee to the extent necessary or appropriate to such purchaser or holder (or
the designee of such purchaser or holder) in the same manner, and pursuant to
appropriate forms of assignment prepared by the Master Servicer, substantially
similar to the manner and forms pursuant to which documents were previously
assigned to the Trustee by the CSFB Mortgage Loan Seller, but in any event,
without recourse, representation or warranty; provided that such tender by the
Trustee shall be conditioned upon its receipt from the Master Servicer of a
Request for Release in the form of Exhibit F hereto. The Master Servicer shall,
and is also hereby authorized and empowered by the Trustee to, convey to such
purchaser or such holder any deposits then held in an Escrow Account relating to
the Westfarms Mall Total Loan. If the Westfarms Mall Loan and the related
Companion Loan or the B Note are then REO Loans, then the Special Servicer
shall, and is also hereby authorized and empowered by the Trustee to, convey to
such purchaser or such holder, in each case, to the extent not needed to pay or
reimburse the Master Servicer, the Special Servicer, the Trustee or the Fiscal
Agent in accordance with this Agreement, deposits then held in the REO Account
insofar as they relate to the related REO Property.

            (e)  Notwithstanding any provision of the Agreement to the
contrary, prior to the date, if any, on which the Companion Loan is included in
a rated securitization (the terms of which rated securitization shall provide
for reimbursements of Advances with a priority substantially similar to that set
forth herein and shall provide for a distribution date no earlier than the
fifteenth of each month), none of the Master Servicer, the Trustee or the Fiscal
Agent shall be required to make P&I Advances as to such Companion Loan (but this
sentence shall not be construed to limit the obligation of each of the Master
Servicer, the Trustee or the Fiscal Agent to make any P&I Advances as to the
Westfarms Mall Loan as may otherwise be required hereunder, and any related
Appraisal Reductions shall be allocated in accordance with this Agreement as if
P&I Advances were required as to such Companion Loan). None of the Master
Servicer, the Trustee or the Fiscal Agent shall be required to make P&I Advances
as to the B Note.

<PAGE>

                                   ARTICLE II

                              CONVEYANCE OF LOANS;
                        ORIGINAL ISSUANCE OF CERTIFICATES

            Section 2.01 Conveyance of Loans.

            (a) The Depositor, concurrently with the execution and delivery
hereof, does hereby assign, sell, transfer, set over and otherwise convey to the
Trustee, without recourse, for the benefit of the Certificateholders all the
right, title and interest of the Depositor, including any security interest
therein for the benefit of the Depositor, in, to and under (i) the Loans
identified on the Mortgage Loan Schedule, (ii) the Mortgage Loan Purchase
Agreements and (iii) all other assets included or to be included in the Trust
Fund. Such assignment includes all interest and principal received or receivable
on or with respect to the Loans (other than payments of principal and interest
due and payable on the Loans on or before the Cut-off Date and Principal
Prepayments paid on or before the Cut-off Date). The transfer of the Loans and
the related rights and property accomplished hereby is absolute and,
notwithstanding Section 10.07, is intended by the parties to constitute a sale.

            (b) In connection with the Depositor's assignment pursuant to
subsection (a) above, the Depositor shall direct, and hereby represents and
warrants that it has directed each Mortgage Loan Seller pursuant to the related
Mortgage Loan Purchase Agreement to deliver to and deposit with, or cause to be
delivered to and deposited with the Trustee (with a copy to the Master Servicer
and the Special Servicer), on or before the Closing Date, the Mortgage File
(except item (xvi) in the definition of Mortgage File, which shall be delivered
to and deposited with the Master Servicer with a copy to the Trustee) for each
Loan so assigned. If a Mortgage Loan Seller cannot deliver, or cause to be
delivered as to any Loan, the original Note, such Mortgage Loan Seller shall
deliver a copy or duplicate original of such Note, together with an affidavit
and customary indemnification substantially in the form attached as Exhibit H
hereto, certifying that the original thereof has been lost or destroyed.

            If the applicable Mortgage Loan Seller cannot deliver, or cause to
be delivered, as to any Loan, any of the documents and/or instruments referred
to in clauses (ii), (iv), (viii), (xi), (xii) and (xiv) of the definition of
"Mortgage File," with evidence of recording or filing thereon, solely because of
a delay caused by the public recording or filing office where such document or
instrument has been delivered for recordation or filing, the delivery
requirements of the related Mortgage Loan Purchase Agreement and this Section
2.01(b) shall be deemed to have been satisfied and such non-delivered document
or instrument shall be deemed to have been included in the Mortgage File,
provided that a photocopy of such non-delivered document or instrument
(certified by the applicable public recording or filing office, the applicable
title insurance company or such Mortgage Loan Seller to be a true and complete
copy of the original thereof submitted for recording or filing) is delivered to
the Trustee, and the Master Servicer on or before the Closing Date, and either
the original of such non-delivered document or instrument, or a photocopy
thereof (certified by the appropriate public recording or filing office to be a
true and complete copy of the original thereof submitted for recording or
filing), with evidence of recording or filing thereon, is delivered to the
Trustee within 120 days of the Closing Date, which period may be extended up to
two times, in each case for an additional period of 45 days provided that such
Mortgage Loan Seller, as certified in writing to the Trustee prior to each such
45-day extension, is in good faith attempting to obtain from the appropriate
county recorder's office such original or photocopy.

            If the applicable Mortgage Loan Seller cannot deliver, or cause to
be delivered, as to any Loan, Companion Loan or B Note any of the documents
and/or instruments referred to in clauses (ii), (iv), (viii), (xi), (xii) and
(xiv) of the definition of "Mortgage File," with evidence of recording or filing
thereon, for any other reason, including, without limitation, that such
non-delivered document or instrument has been lost, the delivery requirements of
the related Mortgage Loan Purchase Agreement and this Section 2.01(b) shall be
deemed to have been satisfied and such non-delivered document or instrument
shall be deemed to have been included in the Mortgage File if a photocopy of
such non-delivered document or instrument (with evidence of recording or filing
thereon and certified by the appropriate recording or filing office to be a true
and complete copy of the original thereof submitted for recording or filing) is
delivered to the Trustee and to the Master Servicer on or before the Closing
Date.

            Neither the Trustee, Fiscal Agent nor the Master Servicer shall be
liable for any failure by any Mortgage Loan Seller or the Depositor to comply
with the delivery requirements of the related Mortgage Loan Purchase Agreement
and this Section 2.01(b). Notwithstanding the foregoing, if any Mortgage Loan
Seller fails to deliver a UCC-3 assignment on or before the Closing Date as
required above solely because the related UCC-1 Financing Statement has not been
returned to such Mortgage Loan Seller by the applicable filing office, such
Mortgage Loan Seller shall not be in breach of its obligations with respect to
such delivery, provided that the Mortgage Loan Seller promptly forwards such
UCC-1 Financing Statement to the Trustee (with a copy to the Master Servicer)
upon its return, together with the related original UCC-3 assignment in a form
appropriate for filing.

            (c) Notwithstanding the foregoing, at the expense of the related
Mortgage Loan Seller, the Trustee (directly or through its designee) shall, as
to each Loan, use its best efforts to promptly (and in any event no later than
the later of (i) 120 days after the Closing Date and (ii) 60 days from receipt
of documents in form suitable for recording or filing, as applicable, including,
without limitation, all necessary recording and filing information) cause to be
submitted for recording or filing, as the case may be, each assignment referred
to in clauses (iii) and (v) of the definition of "Mortgage File" and each UCC-3
assignment to the Trustee referred to in clause (xi) of the definition of
"Mortgage File." Unless otherwise indicated on any documents provided to the
Trustee, the Trustee shall file each such UCC-3 assignment in the state of
incorporation or organization of the related Borrower; provided that the related
Mortgage Loan Seller shall have filed, if necessary, an initial UCC Financing
Statement under the Revised Article 9 in lieu of continuation in such
jurisdiction. Each such assignment shall reflect that it should be returned by
the public recording office to the Trustee following recording, and each such
UCC-3 assignment shall reflect that the file copy thereof should be returned to
the Trustee following filing. If any such document or instrument is lost or
returned unrecorded or unfiled because of a defect therein, the Trustee shall
prepare or cause to be prepared a substitute therefor or cure such defect, as
the case may be, and thereafter the Trustee shall upon receipt thereof cause the
same to be duly recorded or filed, as appropriate. Within 30 days following
request for reimbursement, the Depositor shall reimburse the Trustee for all of
its costs and expenses incurred in performing its obligation under this Section
2.01(c).

            Notwithstanding the foregoing, any Mortgage Loan Seller may elect,
at its sole cost and expense, to engage a third party contractor to prepare or
complete in proper form for filing and recording any and all of the assignments
described in the immediately preceding paragraph, together with each UCC-3
assignment to the Trustee referred to in clause (xiv) of the definition of
"Mortgage File," with respect to the Loans conveyed by it to the Depositor under
the applicable Mortgage Loan Purchase Agreement, to submit such assignments for
filing and recording, as the case may be, in the applicable public filing and
recording offices and to deliver such assignments to the Trustee or its designee
as such assignments (or certified copies thereof) are received from the
applicable filing and recording offices with evidence of such filing or
recording indicated thereon. It is hereby acknowledged that the PNC Mortgage
Loan Seller has elected to engage such a third party contractor for the
preparation, filing and recording and delivery of such assignments to the
Trustee in respect of PNC Loans. The Trustee shall have no duties or obligations
described in the immediately preceding paragraph in respect of the PNC Loans.

            (d) All documents and records in the Depositor's or the applicable
Mortgage Loan Seller's possession relating to the Loans (including reserve and
escrow agreements, cash management agreements, lockbox agreements, financial
statements, operating statements and any other information provided by the
respective Borrower from time to time and any other documents in the related
Servicing File, but excluding any documents and other writings not enumerated in
this parenthetical that have been prepared by the applicable Mortgage Loan
Seller or any of its Affiliates solely for internal communication) that are not
required to be a part of a Mortgage File in accordance with the definition
thereof, together with copies of all instruments and documents which are
required to be a part of the related Mortgage File in accordance with the
definition thereof, shall be delivered by the Depositor (or the Depositor shall
cause them to be delivered) to the Master Servicer within ten (10) Business Days
after the Closing Date and shall be held by the Master Servicer on behalf of the
Trustee in trust for the benefit of the Certificateholders (and as holder of the
Uncertificated Lower-Tier Interests).

            (e) In connection with the Depositor's assignment pursuant to
subsection (a) above, the Depositor shall deliver, and hereby represents and
warrants that it has delivered, to the Trustee and the Master Servicer, on or
before the Closing Date, a fully executed original counterpart of each of the
Mortgage Loan Purchase Agreements, as in full force and effect, without
amendment or modification, on the Closing Date.

            (f) The Depositor shall use its best efforts to require that,
promptly after the Closing Date, but in all events within three Business Days
after the Closing Date, each of the Mortgage Loan Sellers shall cause all funds
on deposit in escrow accounts maintained with respect to the Loans in the name
of such Mortgage Loan Seller or any other name to be transferred to the Master
Servicer (or a Sub-Servicer at the direction of the Master Servicer) for deposit
into Servicing Accounts.

            (g) For purposes of this Section 2.01, and notwithstanding any
contrary provision hereof or of the definition of "Mortgage File", if there
exists with respect to any group of Crossed Loans only one original or certified
copy of any document or instrument described in the definition of "Mortgage
File" which pertains to all of the Crossed Loans in such group of Crossed Loans,
the inclusion of the original or certified copy of such document or instrument
in the Mortgage File for any of such Crossed Loans and the inclusion of a copy
of such original or certified copy in each of the Mortgage Files for the other
Crossed Loans in such group of Crossed Loans shall be deemed the inclusion of
such original or certified copy in the Mortgage Files for each such Crossed
Loan.

            (h) Notwithstanding anything to the contrary in this Agreement, the
Depositor shall deliver to the Master Servicer any original letters of credit
relating to the Mortgage Loans and the Master Servicer shall hold such letters
of credit on behalf of the Trustee.

            Section 2.02 Acceptance by Trustee.

            (a) The Trustee, by the execution and delivery of this Agreement,
acknowledges receipt by it, subject to the provisions of Sections 2.01 and
2.02(d), to any exceptions noted on the Trustee Exception Report, and to the
further review provided for in Section 2.02(b), of the Notes, fully executed
original counterparts of the Mortgage Loan Purchase Agreements, copies of all
Letters of Credit and of all other assets included in the Trust Fund, in good
faith and without notice of any adverse claim, and declares that it holds and
will hold such documents and any other documents delivered or caused to be
delivered by the Mortgage Loan Sellers constituting the Mortgage Files, and that
it holds and will hold such other assets included in the Trust Fund, in trust
for the exclusive use and benefit of all present and future Certificateholders.
All references to the "Mortgage File" herein when used in connection with the
duties or obligations of the Trustee to hold or certify as to such Mortgage
File, shall mean in respect of clause (xvi) of the definition thereof, a copy
thereof. To the extent that the contents of the Mortgage File for any A-1 Note
relate to the corresponding B Note, the Trustee will also hold such Mortgage
File in trust for the benefit of the holder of the related B Note. To the extent
that the contents of the Mortgage File for the Westfarms Mall Loan relate to the
corresponding Companion Loan, the Trustee will also hold such Mortgage File in
trust for the benefit of the holder of the related Companion Loan.

            (b) Within 60 days of the Closing Date, the Trustee shall review
and, subject to Sections 2.01 and 2.02(d), certify in writing to each of the
Depositor, the Master Servicer, the Special Servicer and the applicable Mortgage
Loan Seller that, as to each Loan listed in the Mortgage Loan Schedule (other
than any Loan paid in full and any Loan specifically identified in any exception
report annexed thereto as not being covered by such certification), (i) all
documents specified in clauses (i) through (v), (ix) (without regard to the
parenthetical clause), (xi), (xii), (xvi) and (xviii) of the definition of
"Mortgage File" are in its possession, and (ii) all documents delivered or
caused to be delivered by such Mortgage Loan Seller constituting the Mortgage
Files have been received, appear to have been executed, appear to be what they
purport to be, purport to be recorded or filed (if recordation or filing is
specified for such document in the definition of "Mortgage File") and have not
been torn, mutilated or otherwise defaced, and that such documents appear to
relate to the Loans identified on the Mortgage Loan Schedule. Notwithstanding
the foregoing, each Mortgage Loan Seller shall deliver copies or originals of
the documents referred to in clauses (ii), (ix), and (xviii) of the definition
of "Mortgage File" to the Trustee and the original letters of credit referenced
in clause (xvi) of the definition of "Mortgage File" to the Master Servicer,
each within 30 days after the Closing Date. If such documents are not delivered
within 30 days, Mortgage Loan Seller shall have an additional 30 days to deliver
such document or shall cure such failure in accordance with Section 2.03.

            (c) The Trustee shall review each of the Loan Documents received
after the Closing Date; and, on or about 90 days following the Closing Date, 180
days following the Closing Date, the first anniversary of the Closing Date, 180
days following the first anniversary of the Closing Date, 270 days following the
first anniversary of the Closing Date and on the second anniversary of the
Closing Date, the Trustee shall, subject to Sections 2.01 and 2.02(d), certify
in writing to each of the Depositor, the Master Servicer, the Special Servicer
and the Mortgage Loan Seller that, as to each Loan listed on the Mortgage Loan
Schedule (excluding any Loan as to which a Liquidation Event has occurred or any
Loan specifically identified in any exception report annexed thereto as not
being covered by such certification), (i) all documents specified in clauses (i)
through (v), (ix) (without regard to the parenthetical clause), (xi) and (xii)
of the definition of "Mortgage File" are in its possession, (ii) it has received
either a recorded original of each of the assignments specified in clause (iii)
and clause (v) of the definition of "Mortgage File," or, insofar as an
unrecorded original thereof had been delivered or caused to be delivered by the
applicable Mortgage Loan Seller, a copy of such recorded original certified by
the applicable public recording office to be true and complete, and (iii) all
such Loan Documents have been received, have been executed, appear to be what
they purport to be, purport to be recorded or filed (if recordation or filing is
specified for such document in the definition of "Mortgage File") and have not
been torn, mutilated or otherwise defaced, and that such documents relate to the
Loans identified on the Mortgage Loan Schedule. The Trustee shall, upon request,
provide the Master Servicer with recording and filing information as to recorded
Mortgages, Assignments of Lease and UCC Financing Statements to the extent that
the Trustee receives them from the related recording offices.

            (d) It is herein acknowledged that the Trustee is not under any duty
or obligation (i) to determine whether any of the documents specified in clauses
(vi), (vii), (viii), (x), (xiii) through (xxii) of the definition of "Mortgage
File" exist or are required to be delivered by the Depositor, a Mortgage Loan
Seller or any other Person other than to the extent identified on the related
Mortgage Loan Schedule, (ii) to inspect, review or examine any of the documents,
instruments, certificates or other papers relating to the Loans delivered to it
to determine that the same are valid, legal, effective, in recordable form,
genuine, enforceable, sufficient or appropriate for the represented purpose or
that they are other than what they purport to be on their face or (iii) to
determine whether any omnibus assignment specified in clause (vii) of the
definition of "Mortgage File" is effective under applicable law. The Trustee may
assume for purposes of certification pursuant to Section 2.02(b), that each
Mortgage File should include one state level UCC Financing Statement filing for
each Loan.

            (e) If, in the process of reviewing the Mortgage Files or at any
time thereafter, the Trustee finds that (a) any document required to be included
in the Mortgage File is not in its possession within the time required under the
applicable Mortgage Loan Purchase Agreement or (b) such document has not been
properly executed or is otherwise defective on its face (each, a "Defect" in the
related Mortgage File), the Trustee shall promptly so notify the Depositor, the
Master Servicer, the Special Servicer and the applicable Mortgage Loan Seller
(and, solely with respect to the Westfarms Mall Total Loan, the holder of the B
Note and the holder of the Companion Loan), by providing a written report (the
"Trustee Exception Report") setting forth for each affected Loan, with
particularity, the nature of such Defect. The Trustee shall not be required to
verify the conformity of any document with the Mortgage Loan Schedule, except
that such documents have been properly executed or received, have been recorded
or filed (if recordation is specified for such document in the definition of
"Mortgage File"), appear to be related to the Loans identified on the Mortgage
Loan Schedule, appear to be what they purport to be, or have not been torn,
mutilated or otherwise defaced.

            (f) On each anniversary of the Closing Date until all exceptions
have been eliminated, the Trustee shall deliver an exception report as to any
remaining Defects or required Loan Documents that are not in its possession and
that it was required to review pursuant to Section 2.02(c).

            Section 2.03 Representations, Warranties and Covenants of the
Depositor; Repurchase of Loans by the Mortgage Loan Sellers for Defects in
Mortgage Files and Breaches of Representations and Warranties.

            (a) The Depositor hereby represents and warrants that:

                  (i) The Depositor is a corporation duly organized, validly
            existing and in good standing under the laws of the State of
            Delaware, and the Depositor has taken all necessary corporate action
            to authorize the execution, delivery and performance of this
            Agreement by it, and has the power and authority to execute, deliver
            and perform this Agreement and all the transactions contemplated
            hereby, including, but not limited to, the power and authority to
            sell, assign and transfer the Loans in accordance with this
            Agreement; the Depositor has duly authorized the execution, delivery
            and performance of this Agreement, and has duly executed and
            delivered this Agreement;

                  (ii) Assuming the due authorization, execution and delivery of
            this Agreement by each other party hereto, this Agreement and all of
            the obligations of the Depositor hereunder are the legal, valid and
            binding obligations of the Depositor, enforceable against the
            Depositor in accordance with the terms of this Agreement, except as
            such enforcement may be limited by bankruptcy, insolvency,
            reorganization or other similar laws affecting the enforcement of
            creditors' rights generally, and by general principles of equity
            (regardless of whether such enforceability is considered in a
            proceeding in equity or at law);

                  (iii) The execution and delivery of this Agreement and the
            performance of its obligations hereunder by the Depositor will not
            conflict with any provisions of any law or regulations to which the
            Depositor is subject, or conflict with, result in a breach of or
            constitute a default under any of the terms, conditions or
            provisions of the certificate of incorporation or the by-laws of the
            Depositor or any indenture, agreement or instrument to which the
            Depositor is a party or by which it is bound, or any order or decree
            applicable to the Depositor, or result in the creation or imposition
            of any lien on any of the Depositor's assets or property, which
            would materially and adversely affect the ability of the Depositor
            to carry out the transactions contemplated by this Agreement; the
            Depositor has obtained any consent, approval, authorization or order
            of any court or governmental agency or body required for the
            execution, delivery and performance by the Depositor of this
            Agreement;

                  (iv) There is no action, suit or proceeding pending or, to the
            Depositor's knowledge, threatened against the Depositor in any court
            or by or before any other governmental agency or instrumentality
            which would materially and adversely affect the validity of the
            Loans or the ability of the Depositor to carry out the transactions
            contemplated by this Agreement;

                  (v) The Depositor is the lawful owner of the Loans free and
            clear of any liens, pledges, charges or security interests of any
            nature encumbering such Loan with the full right to transfer the
            Loans to the Trust Fund and upon the assignment of the Loans to the
            Trust, the Loans will be validly transferred to the Trust; and

                  (vi) Following consummation of the conveyance of the Loans by
            the Depositor to the Trustee, the Depositor shall take no action
            inconsistent with the Trust Fund's ownership of the Loans, and if a
            third party, including a potential purchaser of the Loans, should
            inquire, the Depositor shall promptly indicate that the Loans have
            been sold and shall claim no ownership interest therein.

            (b) If any Certificateholder, the Master Servicer, the Special
Servicer or the Trustee discovers or receives notice of a Defect or a breach of
any representation or warranty made, or required to be made, with respect to a
Loan by any Mortgage Loan Seller pursuant to the related Mortgage Loan Purchase
Agreement (a "Breach"), it shall give notice to the Master Servicer, the Special
Servicer and the Trustee. If the Master Servicer or the Special Servicer
determines that such Defect or Breach materially and adversely affects the value
of any Loan or REO Loan or the interests of the Holders of any Class of
Certificates (any such Defect or Breach, a "Material Document Defect" or a
"Material Breach", respectively), it shall give prompt written notice of such
Defect or Breach to the Depositor, the Trustee, the Master Servicer, the Special
Servicer and the applicable Mortgage Loan Seller and shall request that (A) such
Mortgage Loan Seller or (B) in the event the CSFB Mortgage Loan Seller shall
fail to act, Credit Suisse First Boston, acting through the Cayman Branch, not
later than the earlier of 90 days from the receipt by the applicable Mortgage
Loan Seller of such notice or discovery by such Mortgage Loan Seller of such
Defect or Breach (subject to the second succeeding paragraph, the "Initial
Resolution Period"), (i) cure such Defect or Breach in all material respects
(ii) repurchase the affected Loan at the applicable Purchase Price in conformity
with the related Mortgage Loan Purchase Agreement or (iii) substitute a
Qualified Substitute Mortgage Loan for such affected Loan (provided that in no
event shall such substitution occur later than the second anniversary of the
Closing Date) and pay to the Master Servicer for deposit into the Collection
Account any Substitution Shortfall Amount in connection therewith in conformity
with the related Mortgage Loan Purchase Agreement; provided, however, that if
(i) such Material Document Defect or Material Breach is capable of being cured
but not within the Initial Resolution Period, (ii) such Material Document Defect
or Material Breach is not related to any Loan's not being a "qualified mortgage"
within the meaning of the REMIC Provisions and (iii) the Mortgage Loan Seller
has commenced and is diligently proceeding with the cure of such Material
Document Defect or Material Breach within the Initial Resolution Period, then
the Mortgage Loan Seller shall have an additional 90 days to cure such Material
Document Defect or Material Breach, provided that the Mortgage Loan Seller has
delivered to the Master Servicer, the Rating Agencies and the Trustee an
officer's certificate from an officer of the Mortgage Loan Seller that describes
the reasons that the cure was not effected within the Initial Resolution Period
and the actions that it proposes to take to effect the cure and that states that
it anticipates that the cure will be effected within the additional 90-day
period. Notwithstanding the foregoing, if there exists a Breach of any
representation or warranty with respect to a Loan on the part of a Mortgage Loan
Seller set forth in, or made pursuant to, Section 6(a) or, if applicable, 6(b)
of the related Mortgage Loan Purchase Agreement relating to whether or not the
Mortgage Loan Documents or any particular Mortgage Loan Document requires the
related Borrower to bear the costs and expenses associated with any particular
action or matter under such Mortgage Loan Document(s), then such Mortgage Loan
Seller shall cure such Breach within the Initial Resolution Period by
reimbursing the Trust Fund by wire transfer to the Collection Account the
reasonable amount of any such costs and expenses incurred by the Master
Servicer, the Special Servicer, the Trustee or the Trust Fund that are the basis
of such Breach and have not been reimbursed by the related Borrower, provided,
however, that in the event any such costs and expenses exceed $10,000, the
Mortgage Loan Seller shall have the option to either repurchase such Loan at the
applicable Purchase Price or pay such costs. Except as provided in the proviso
to the immediately preceding sentence, the Mortgage Loan Seller shall make such
deposit and upon its making such deposit, the related Mortgage Loan Seller shall
be deemed to have cured such Breach in all respects. Provided such payment is
made, the second preceding sentence describes the sole remedy available to the
Certificateholders and the Trustee on their behalf regarding any such Breach,
and neither the related Mortgage Loan Seller nor, if the affected Loan is a CSFB
Loan, Credit Suisse First Boston, acting through the Cayman Branch shall be
obligated to repurchase, substitute or otherwise cure such Breach under any
circumstances.

            Any of the following will cause a document in the Mortgage File to
be deemed to have a "Defect" and to be conclusively presumed to materially and
adversely affect the interests of the Holders of a Class of Certificates and the
value of a Loan or REO Loan: (a) the absence from the Mortgage File of the
original signed Note, unless the Mortgage File contains a signed lost note
affidavit and indemnity; (b) the absence from the Mortgage File of the original
signed Mortgage, unless there is included in the Mortgage File a certified copy
of the Mortgage as recorded or as sent for recordation, together with a
certificate stating that the original signed Mortgage was sent for recordation
or a copy of the Mortgage and the related recording information; (c) the absence
from the Mortgage File of the item called for by paragraph (ix) of the
definition of Mortgage File; (d) the absence from the Mortgage File of any
intervening assignment required to create an effective assignment to the Trustee
on behalf of the Trust, unless there is included in the Mortgage File a
certified copy of the intervening assignment as recorded or as sent for
recordation, together with a certificate stating that the original intervening
assignment was sent for recordation; (e) the absence from the Servicing File of
any required original letter of credit (as required in the parenthetical
exception in the first paragraph of Section 2.01(b)), provided that such Defect
may be cured by the provision of a substitute letter of credit or a cash
reserve; or (f) the absence from the Mortgage File of any required ground lease.

            Any Defect or Breach which causes any Loan not to be a "qualified
mortgage" (within the meaning of Section 860G(a)(3) of the Code) shall be deemed
to materially and adversely affect the interests of the Holders of a Class of
Certificates. If the affected Loan is to be repurchased, the Master Servicer
shall designate the Collection Account as the account into which funds in the
amount of the Purchase Price are to be deposited by wire transfer.

            If (x) a Loan is to be repurchased or substituted for as
contemplated above, (y) such Loan is a Crossed Loan and (z) the applicable
Defect or Breach does not otherwise constitute a Material Document Defect or a
Material Breach, as the case may be, as to any related Crossed Loan, then the
applicable Defect or Breach shall be deemed to constitute a Material Document
Defect or a Material Breach as to any related Crossed Loan for purposes of the
above provisions, and the Mortgage Loan Seller shall be required to repurchase
or substitute for any related Crossed Loan in accordance with the provisions
above unless the Crossed Loan Repurchase Criteria would be satisfied if the
Mortgage Loan Seller were to repurchase or substitute for only the affected
Crossed Loans as to which a Material Document Defect or Material Breach had
occurred without regard to this paragraph, and in the case of either such
repurchase or substitution, all of the other requirements set forth in this
Section 2.03 applicable to a repurchase or substitution, as the case may be,
would be satisfied. In the event that the Crossed Loan Repurchase Criteria would
be so satisfied, the Mortgage Loan Seller may elect either to repurchase or
substitute for only the affected Crossed Loan as to which the Material Document
Defect or Material Breach exists or to repurchase or substitute for the
aggregated Crossed Loans. The determination of the Special Servicer as to
whether the Crossed Loan Repurchase Criteria have been satisfied shall be
conclusive and binding in the absence of manifest error. The Special Servicer
will be entitled to cause to be delivered, or direct the Mortgage Loan Seller to
(in which case the Mortgage Loan Seller shall) cause to be delivered to the
Master Servicer, an Appraisal of any or all of the related Mortgaged Properties
for purposes of determining whether clause (ii) of the definition of Crossed
Loan Repurchase Criteria has been satisfied, in each case at the expense of the
Mortgage Loan Seller if the scope and cost of the Appraisal is approved by the
Mortgage Loan Seller (such approval not to be unreasonably withheld).

            With respect to any Crossed Loan conveyed hereunder, to the extent
that the Mortgage Loan Seller repurchases an affected Crossed Loan in the manner
prescribed above while the Trustee continues to hold any related Crossed Loans,
the Mortgage Loan Seller and the Depositor have agreed in the Mortgage Loan
Purchase Agreement to modify, upon such repurchase or substitution, the related
Loan Documents in a manner such that such affected Crossed Loan repurchased or
substituted by the related Mortgage Loan Seller, on the one hand, and any
related Crossed Loans held by the Trustee, on the other, would no longer be
cross-defaulted or cross-collateralized with one another; provided, that the
Mortgage Loan Seller shall have furnished the Trustee, at its expense, with an
Opinion of Counsel that such modification shall not cause an Adverse REMIC
Event; provided, further, that if such Opinion cannot be furnished, the Mortgage
Loan Seller and the Depositor have agreed in the Mortgage Loan Purchase
Agreement that such repurchase or substitution of only the affected Crossed
Loan, notwithstanding anything to the contrary herein, shall not be permitted.
Any reserve or other cash collateral or letters of credit securing the Crossed
Loans shall be allocated between such Loans in accordance with the Loan
Documents. All other terms of the Loans shall remain in full force and effect,
without any modification thereof.

            In connection with any repurchase of or substitution for a Loan
contemplated by this Section 2.03, the Trustee, the Master Servicer and the
Special Servicer shall each tender to the related Mortgage Loan Seller (in the
event of a repurchase or substitution by a Mortgage Loan Seller) upon delivery
to each of the Trustee, the Master Servicer and the Special Servicer of a trust
receipt executed by such Mortgage Loan Seller, all portions of the Mortgage
File, the Servicing File and other documents pertaining to such Loan possessed
by it, and each document that constitutes a part of the Mortgage File that was
endorsed or assigned to the Trustee, shall be endorsed or assigned, as the case
may be, to such Mortgage Loan Seller in the same manner as provided in Section 7
of the related Mortgage Loan Purchase Agreement.

            Notwithstanding the foregoing, if there is a Material Breach or
Material Document Defect with respect to one or more Mortgaged Properties (but
not all of the Mortgaged Properties) with respect to a Loan, the applicable
Mortgage Loan Seller will not be obligated to repurchase or substitute for the
Loan if the affected Mortgaged Property may be released pursuant to the terms of
any partial release provisions in the related Loan Documents and the remaining
Mortgaged Property(ies) satisfy the requirements, if any, set forth in the Loan
Documents and (i) the Mortgage Loan Seller provides an Opinion of Counsel to the
effect that such partial release would not cause an Adverse REMIC Event to
occur, (ii) such Mortgage Loan Seller pays (or causes to be paid) the applicable
release price required under the Loan Documents, and to the extent not covered
by such release price, together with any additional amounts necessary to cover
all reasonable out-of-pocket expenses reasonably incurred by the Master
Servicer, the Special Servicer, the Trustee, the Fiscal Agent or the Trust Fund
and (iii) such cure by release of such Mortgaged Property is effected within the
time periods specified for cures of Material Breach or Material Defect in this
Section 2.03(b).

            Section 7 of the Mortgage Loan Purchase Agreements provides the sole
remedy available to the Certificateholders, or the Trustee on behalf of the
Certificateholders, respecting any Breach. Section 7 of the Mortgage Loan
Purchase Agreements provides the sole remedy available to the
Certificateholders, or the Trustee on behalf of the Certificateholders,
respecting any Defect.

            If a Mortgage Loan Seller defaults on its obligations to repurchase
any Loan as contemplated by Section 2.03(b), the Trustee shall promptly notify
the Certificateholders, the Rating Agencies, the Master Servicer and the Special
Servicer of such default. The Trustee shall enforce the obligations of the
Mortgage Loan Sellers under Section 7 of the related Mortgage Loan Purchase
Agreement. Such enforcement, including, without limitation, the legal
prosecution of claims, shall be carried out in such form, to such extent and at
such time as if it were, in its individual capacity, the owner of the affected
Loan(s). The Trustee shall be reimbursed for the reasonable costs of such
enforcement: first, from a specific recovery of costs, expenses or attorneys'
fees against the defaulting Mortgage Loan Seller; second, pursuant to Section
3.05(a)(viii) out of the related Purchase Price, to the extent that such
expenses are a specific component thereof; and third, if at the conclusion of
such enforcement action it is determined that the amounts described in clauses
first and second are insufficient, then pursuant to Section 3.05(a)(ix) out of
general collections on the Loans on deposit in the Collection Account.

            If the applicable Mortgage Loan Seller incurs any expense in
connection with the curing of a Breach which also constitutes a default under
the related Loan, such Mortgage Loan Seller shall have a right, and shall be
subrogated to the rights of the Trustee, as successor to the mortgagee, to
recover the amount of such expenses from the related Borrower; provided,
however, that such Mortgage Loan Seller's rights pursuant to this paragraph
shall be junior, subject and subordinate to the rights of the Trust Fund to
recover amounts owed by the related Borrower under the terms of such Loan,
including, without limitation, the rights to recover unreimbursed Advances,
accrued and unpaid interest on Advances at the Reimbursement Rate and unpaid or
unreimbursed expenses of the Trust Fund allocable to such Loan; provided,
further, that in the event and to the extent that such expenses of such Mortgage
Loan Seller in connection with any Loan exceed five percent of the then
outstanding principal balance of such Loan, then such Mortgage Loan Seller's
rights to reimbursement pursuant to this paragraph with respect to such Loan and
such excess expenses shall not be exercised until the payment in full of such
Loan (as such Loan may be amended or modified pursuant to the terms of this
Agreement). Notwithstanding any other provision of this Agreement to the
contrary, the Master Servicer shall not have any obligation pursuant to this
Agreement to collect such reimbursable amounts on behalf of such Mortgage Loan
Seller; provided, however, that the preceding clause shall not operate to
prevent the Master Servicer from using reasonable efforts, exercised in the
Master Servicer's sole discretion, to collect such amounts to the extent
consistent with the Servicing Standard. The Mortgage Loan Seller may pursue its
rights to reimbursement of such expenses directly against the Borrower, by suit
or otherwise, provided that (a) the Master Servicer or, with respect to a
Specially Serviced Loan, the Special Servicer determines in the exercise of its
sole discretion consistent with the Servicing Standard that such actions by the
Mortgage Loan Seller will not impair the Master Servicer's and/or the Special
Servicer's collection or recovery of principal, interest and other sums due with
respect to the related Loan and Companion Loan which would otherwise be payable
to the Master Servicer, the Special Servicer, the Trustee, the Fiscal Agent and
the Certificateholders and the holder of the A-2 Note pursuant to the terms of
this Agreement, (b) such actions will not include an involuntary bankruptcy,
receivership or insolvency proceeding against the Borrower, (c) such actions
will not include the foreclosure or enforcement of any lien or security interest
under the related Mortgage or other Loan Documents and (d) such actions will not
result in the imposition of an additional lien against the Mortgaged Property.

            Section 2.04 Execution of Certificates.

            Subject to Sections 2.01 and 2.02, the Trustee hereby acknowledges
the assignment to it of the Loans and the delivery of the Mortgage Files and
fully executed original counterparts of the Mortgage Loan Purchase Agreements,
together with the assignment to it of all other assets included in the Trust
Fund. Concurrently with such assignment and delivery, the Trustee (i) hereby
declares that it holds the Loans, exclusive of Excess Interest thereon, on
behalf of the Lower-Tier REMIC and the Holders of the Certificates, (ii)
acknowledges the issuance of the Uncertificated Lower-Tier Interests and,
pursuant to the written request of the Depositor executed by an officer of the
Depositor acknowledges that it has caused the Authenticating Agent to
authenticate and to deliver to or upon the order of the Depositor the Class LR
Certificates, in exchange for the Loans, exclusive of Excess Interest thereon,
receipt of which is hereby acknowledged, and (iii) pursuant to the written
request of the Depositor executed by an officer of the Depositor, acknowledges
that (A) it has executed and caused the Authenticating Agent to authenticate and
to deliver to or upon the order of the Depositor, in exchange for the
Uncertificated Lower-Tier Interests, the Regular Certificates and the Class R
Certificates and (B) it has executed and caused the Authenticating Agent to
authenticate and to deliver to or upon the order of the Depositor, in exchange
for the Excess Interest, the Class V Certificates, and the Depositor hereby
acknowledges the receipt by it or its designees, of all such Certificates.

<PAGE>

                                   ARTICLE III

                               ADMINISTRATION AND
                           SERVICING OF THE TRUST FUND

            Section 3.01 Master Servicer to Act as Master Servicer; Special
Servicer to Act as Special Servicer; Administration of the Loans.

            (a) Each of the Master Servicer and the Special Servicer shall
diligently service and administer the Loans (and the Westfarms Mall Total Loan)
(and, with respect to the Special Servicer, any REO Properties) that it is
obligated to service and administer pursuant to this Agreement on behalf of the
Trustee and in the best interests of and for the benefit of the
Certificateholders (and in the case of any Companion Loan or B Note, the related
holder of the Companion Loan or B Note, as applicable, taken as a collective
whole) (as determined by the Master Servicer or the Special Servicer, as the
case may be, in its reasonable judgment), in accordance with applicable law, the
terms of the respective Loans, any Companion Loan, any B Note or Specially
Serviced Loans, (and, in the case of any Loan Pair, A Note and B Note, the
related Intercreditor Agreement) and, to the extent consistent with the
foregoing, further as follows (the "Servicing Standard"):

                  (i) the same manner in which, and with the same care, skill,
            prudence and diligence with which the Master Servicer or the Special
            Servicer, as the case may be, services and administers similar
            mortgage loans for other third-party portfolios or securitization
            trusts, giving due consideration to the customary and usual
            standards of practice of prudent institutional commercial and
            multifamily mortgage loan servicers servicing mortgage loans for
            third parties, and (ii) the same care, skill, prudence and diligence
            with which the Master Servicer or the Special Servicer, as the case
            may be, services and administers commercial and multifamily mortgage
            loans, if any, owned by the Master Servicer or the Special Servicer,
            as the case may be, whichever standard is higher;

                  (ii) with a view to the maximization of timely recovery of
            principal and interest on a net present value basis on the mortgage
            loans, any Companion Loan and any B Note or, if a Loan, any
            Companion Loan or any B Note that comes into and continues in
            default and if, in the good faith and reasonable judgment of the
            Special Servicer, no satisfactory arrangements can be made for the
            collection of the delinquent payments, the maximization of the
            recovery on such Loan to the Trust and Certificateholders (as a
            collective whole) (or in the case of the Westfarms Mall Total Loan
            and its related B Note or any Loan Pair, the maximization of
            recovery on the Westfarms Mall Total Loan, in the best interests of
            the Certificateholders and the holder of the related B Note or
            Companion Loan, as applicable, all taken as a collective whole) on a
            present value basis; and

                  (iii) without regard to--

            (A) any relationship that the Master Servicer or the Special
      Servicer, as the case may be, or any affiliate thereof may have with the
      related Borrower, any Mortgage Loan Seller or any other party to the
      Pooling and Servicing Agreement,

            (B) the ownership of any Certificate by the Master Servicer or the
      Special Servicer, as the case may be, or by any Affiliate thereof,

            (C) the Master Servicer's obligation to make Advances,

            (D) the Special Servicer's obligation to request that the Master
      Servicer make Servicing Advances,

            (E) the right of the Master Servicer (or any affiliate thereof) or
      the Special Servicer (or any affiliate thereof), as the case may be, to
      receive reimbursement of costs, or the sufficiency of any compensation
      payable to it, or with respect to any particular transaction,

            (F) the ownership, servicing or management for others of any other
      mortgage loans or mortgaged properties by the Master Servicer or Special
      Servicer or any affiliate of the Master Servicer or Special Servicer, as
      applicable,

            (G) any obligation of the Master Servicer or any of its affiliates
      (in their capacity as a Mortgage Loan Seller) to cure a breach of a
      representation or warranty or repurchase the mortgage loan, or

            (H) any debt that the Master Servicer or Special Servicer or any
      affiliate of the Master Servicer or Special Servicer, as applicable, has
      extended to any Borrower.

            Without limiting the foregoing, subject to Section 3.21, the Special
Servicer shall be obligated to service and administer (i) any Loans, Companion
Loan or B Note as to which a Servicing Transfer Event has occurred and is
continuing (the "Specially Serviced Loans"), and (ii) any REO Properties.
Notwithstanding the foregoing, the Master Servicer shall continue to make all
calculations, and prepare, and deliver to the Trustee, all reports required to
be prepared by the Master Servicer hereunder with respect to the Specially
Serviced Loans as if no Servicing Transfer Event had occurred and with respect
to the REO Properties (and the related REO Loans) as if no REO Acquisition had
occurred, and to render such incidental services with respect to such Specially
Serviced Loan and REO Properties as are specifically provided for herein;
provided, however, that the Master Servicer shall not be liable for failure to
comply with such duties insofar as such failure results from a failure of the
Special Servicer to provide sufficient information to the Master Servicer to
comply with such duties or a failure of the Special Servicer to prepare and
deliver to the Master Servicer reports required hereunder to be delivered by the
Special Servicer to the Master Servicer. Each Loan that becomes a Specially
Serviced Loan shall continue as such until satisfaction of the conditions
specified in Section 3.21(a). Without limiting the foregoing, subject to Section
3.21, the Master Servicer shall be obligated to service and administer all Loans
which are not Specially Serviced Loans; provided, however, that the Master
Servicer shall provide the Special Servicer with notice of any communication by
the Borrower with respect to the letter of credit provided by the related
Borrower under the loan identified as Lincoln Towers Garage on the Mortgage Loan
Schedule, and the Special Servicer, subject to the consent of the Directing
Certificateholder, shall have the exclusive right to approve any draw down of
funds under such letter of credit, and to approve any modification, amendment,
alteration or renewal of such letter of credit.

            (b) Subject only to the Servicing Standard and the terms of this
Agreement and of the respective Loans (and the Westfarms Mall Total Loan), the
Master Servicer and, with respect to the Specially Serviced Loans, the Special
Servicer each shall have full power and authority, acting alone, to do or cause
to be done any and all things in connection with such servicing and
administration which it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Master Servicer and Special Servicer, each in
its own name, is hereby authorized and empowered by the Trustee and obligated to
execute and deliver, on behalf of the Certificateholders and the Trustee or any
of them, with respect to each Loan it is obligated to service under this
Agreement, any and all financing statements, continuation statements and other
documents or instruments necessary to maintain the lien created by the related
Mortgage or other security document in the related Mortgage File on the related
Mortgaged Property and related collateral; subject to Section 3.20, any and all
modifications, waivers, amendments or consents to or with respect to any
documents contained in the related Mortgage File; and any and all instruments of
satisfaction or cancellation, or of partial or full release or discharge, and
all other comparable instruments. Subject to Section 3.10, the Trustee shall
execute and furnish to the Master Servicer and Special Servicer any limited
powers of attorney and other documents prepared by the Master Servicer or
Special Servicer, as applicable, necessary or appropriate to enable the Master
Servicer or the Special Servicer, as the case may be, to carry out its servicing
and administrative duties hereunder; provided, however, that the Trustee shall
not be held liable for any negligence with respect to, or misuse of, any such
power of attorney by the Master Servicer or Special Servicer; provided, further,
notwithstanding anything contained herein to the contrary, neither the Master
Servicer nor the Special Servicer shall, without the Trustee's written consent:
(i) initiate any action, suit or proceeding solely under the Trustee's name
without indicating the Master Servicer's or Special Servicer's, as applicable,
representative capacity; or (ii) take any action with the intent to cause, and
that actually causes, the Trustee to be registered to do business in any state.

            (c) The relationship of the Master Servicer and Special Servicer to
the Trustee under this Agreement is intended by the parties to be that of an
independent contractor and not that of a joint venturer, partner or, except as
specifically set forth herein, agent.

            (d) Pursuant to the A/B Mortgage Loan Intercreditor Agreement, the
owner of the B Note has agreed that the Master Servicer and the related Special
Servicer are authorized and obligated to service and administer the B Note
pursuant to this Agreement. The Master Servicer shall be entitled, during any
period when the A Note and B Note under the Westfarms Mall Total Loan do not
constitute Specially Serviced Mortgage Loans, to exercise the rights and powers
granted under the related A/B Mortgage Loan Intercreditor Agreement to the
["Lead Lender" and/or the "Master Servicer" referred to therein subject to the
limitations of such A/B Mortgage Loan Intercreditor Agreement and to the rights
and powers of the holder of Note B under such A/B Mortgage Loan Intercreditor
Agreement. For the avoidance of doubt, the parties acknowledge that neither the
Master Servicer nor the related Special Servicer shall be entitled or required
to exercise the rights and powers granted to the "Co-Lender" as defined under
the A/B Mortgage Loan Intercreditor Agreement.

            (e) Pursuant to the Westfarms Mall A Note Intercreditor Agreement,
the owner of the related Companion Loan has agreed that the Master Servicer and
the related Special Servicer are authorized and obligated to service and
administer the Companion Loan pursuant to this Agreement.

            Section 3.02 Collection of Loan Payments.

            (a) The Master Servicer and Special Servicer shall make reasonable
efforts to collect all payments called for under the terms and provisions of the
Loans (including the Westfarms Mall Total Loan) it is obligated to service
hereunder, and shall follow such collection procedures as are consistent with
this Agreement (including, without limitation, the Servicing Standard).
Consistent with the foregoing, the Master Servicer or Special Servicer may in
its discretion waive any Penalty Charge in connection with any delinquent
payment on a Loan (including the Westfarms Mall Total Loan) it is obligated to
service hereunder.

            (b) All amounts collected on any Loan, Companion Loan or B Note in
the form of payments from Borrowers, Insurance and Condemnation Proceeds or
Liquidation Proceeds shall be applied to amounts due and owing under the related
Note and Mortgage (including any modifications to either of them) in accordance
with the express provisions of such Note and Mortgage (unless a payment default
exists under such Loan and the related Note and Mortgage permit application in
the order and priority determined by the lender) and, in the absence of such
express provisions (and, in the case of the Westfarms Mall Total Loan, subject
to the terms of the Westfarms Mall A Note Intercreditor Agreement and the A/B
Mortgage Loan Intercreditor Agreement), shall be applied (after payment to the
Master Servicer, the holder of the Excess Servicing Strip, any Primary Servicer,
the Special Servicer, and/or the Trustee for any related Master Servicing Fees
(net of the Excess Servicing Strip), the Excess Servicing Strip, Primary
Servicing Fees, Special Servicing Fees and Trustee Fees and the application to
any P&I Advances, Servicing Advances and interest on Advances from such Loan or
Companion Loan): first, as a recovery of accrued and unpaid interest on such
Loan, Companion Loan and B Note at the related Mortgage Rate (less portions
thereof payable to the Master Servicer, Special Servicer, Trustee, Fiscal Agent
or, if applicable, the related Primary Servicer) in effect from time to time to
but not including the Due Date in the Due Period of receipt; second, as a
recovery of principal of such Loan, Companion Loan and B Note; and third, to the
payment of Yield Maintenance Charges. Notwithstanding the terms of any Loan,
Companion Loan or B Note, the Master Servicer shall not be entitled to the
payment of any Penalty Charge in excess of outstanding interest on Advances made
with respect to such Loan or Companion Loan, except to the extent that (i) all
reserves required to be established with the Master Servicer and then required
to be funded pursuant to the terms of such Loan, Companion Loan or B Note have
been so funded, (ii) all payments of principal and interest then due on such
Loan, Companion Loan or B Note have been paid and (iii) all related operating
expenses, if applicable, have been paid to the related Lock-Box or reserved for
pursuant to the related Lock-Box Agreement. In no event shall any collections on
any ARD Loan be allocated to the payment of Excess Interest until all principal
and interest (other than Excess Interest) due, or to become due, under such ARD
Loan have been paid in full and any Advances related to such ARD Loan (together
with interest thereon) are reimbursed. Amounts collected on any REO Loan shall
be deemed to be applied in accordance with the definition thereof.

            (c) If the Master Servicer or Special Servicer receives, or receives
notice from the related Borrower that it will be receiving, Excess Interest in
any Due Period, the Master Servicer or Special Servicer, as applicable, shall
promptly notify the Trustee in writing.

            (d) The Master Servicer shall not accept a Principal Prepayment of
any Loan by the related Borrower on any date other than a Due Date if accepting
such payment would cause a Prepayment Interest Shortfall, unless the Borrower is
permitted to make such prepayment pursuant to the terms of the related Loan
Documents. If the Master Servicer accepts a Principal Prepayment of any Loan by
the Borrower on any date other than a Due Date which causes a Prepayment
Interest Shortfall (unless such Principal Prepayment is in respect of (i) a
Specially Serviced Loan, (ii) a payment of insurance proceeds or condemnation
proceeds, (iii) a payment subsequent to a default under the related Loan
Documents (provided the Master Servicer reasonably believes that acceptance of
such payment is consistent with the Servicing Standard and the Master Servicer
has obtained the consent of the Special Servicer), (iv) a payment pursuant to
applicable law or court order, (v) a payment the related Borrower is permitted
to make under the terms of the related Loan Documents or (vi) a payment accepted
by the Master Servicer at the request of or with the consent of the Directing
Certificateholder), the Master Servicer shall remit to the Trustee on or before
1:00 p.m., New York City time, on the related Master Servicer Remittance Date
for deposit in the Lower-Tier Distribution Account, in an amount equal to any
Prepayment Interest Shortfall resulting from such Principal Prepayment.

            Section 3.03 Collection of Taxes, Assessments and Similar Items;
Servicing Accounts.

            (a) The Master Servicer shall establish and maintain one or more
accounts (the "Servicing Accounts"), into which all Escrow Payments shall be
deposited and retained, and shall administer such Servicing Accounts in
accordance with the related Loan Documents and the terms of the A/B Mortgage
Loan Intercreditor Agreement and the Westfarms Mall A Note Intercreditor
Agreement. Each Servicing Account shall be maintained in accordance, or not
inconsistent, with the requirements of the related Loan, Companion Loan or B
Note and in accordance with the Servicing Standard in an Eligible Account. Funds
on deposit in the Servicing Accounts may be invested in Permitted Investments in
accordance with the provisions of Section 3.06. Withdrawals of amounts so
deposited from a Servicing Account may be made only to: (i) effect payment of
real estate taxes, assessments, Insurance Policy premiums, ground rents (if
applicable) and other items for which funds have been escrowed in the Servicing
Accounts; (ii) reimburse the Master Servicer, the Trustee or the Fiscal Agent
for any Servicing Advances and interest thereon; (iii) refund to Borrowers any
sums as may be determined to be overages; (iv) pay interest to Borrowers on
balances in the Servicing Account, if required by applicable law or the terms of
the related Loan and as described below or, if not so required, to the Master
Servicer pursuant to clause (vii) below; (v) withdraw amounts deposited in
error; (vi) clear and terminate the Servicing Accounts at the termination of
this Agreement in accordance with Section 9.01; and (vii) pay the Master
Servicer, as additional servicing compensation in accordance with Section
3.11(a), interest and investment income earned in respect of amounts relating to
the Trust Fund held in the Servicing Accounts as provided in Section 3.06(b)
(but only to the extent of the Net Investment Earnings with respect to the
Servicing Accounts maintained by the Master Servicer for the relevant period and
to the extent not required by law or the terms of the related Loan, Companion
Loan or B Note to be paid to the Borrowers).

            (b) The Special Servicer, in the case of REO Loans and the Master
Servicer, in the case of all other Loans, shall maintain accurate records with
respect to each related REO Property or Mortgaged Property, as applicable,
reflecting the status of real estate taxes, assessments and other similar items
that are or may become a lien thereon (including related penalty or interest
charges) and the status of Insurance Policy premiums and any ground rents
payable in respect thereof and the status of any letters of credit. The Special
Servicer, in the case of REO Loans, and the Master Servicer, in the case of all
other Loans, shall obtain all bills for the payment of such items (including
renewal premiums) and shall effect payment thereof from the REO Account or the
Servicing Accounts, as applicable, and, if such amounts are insufficient to pay
such items in full, the Master Servicer shall make a Servicing Advance prior to
the applicable penalty or termination date, as allowed under the terms of the
related Loan and, in any event, consistent with the Servicing Standard.
Notwithstanding anything to the contrary in the preceding sentence, with respect
to Loans that do not provide for escrows for the payment taxes and assessments,
the Master Servicer shall make a Servicing Advance for the payment of such items
upon the earlier of (i) five Business Days after the Master Servicer has
received confirmation that such item has not been paid and (ii) the earlier of
(A) 30 days after the date such payments first become due and (B) five Business
Days before the scheduled date of foreclosure of any lien arising from
nonpayment of such items. In no event shall the Master Servicer or Special
Servicer be required to make any such Servicing Advance that would, if made, be
a Nonrecoverable Servicing Advance. To the extent that a Loan does not require a
Borrower to escrow for the payment of real estate taxes, assessments, Insurance
Policy premiums, ground rents (if applicable) and similar items, the Special
Servicer, in the case of REO Loans, and the Master Servicer, in the case of all
other Loans, shall use reasonable efforts consistent with the Servicing Standard
to require that payments in respect of such items be made by the Borrower at the
time they first become due.

            (c) In accordance with the Servicing Standard and for all Loans, the
Master Servicer shall make a Servicing Advance with respect to each related
Mortgaged Property (including any REO Property) of all such funds as are
necessary for the purpose of effecting the payment of (without duplication) (i)
ground rents (if applicable), (ii) premiums on Insurance Policies, (iii)
operating, leasing, managing and liquidation expenses for REO Properties, (iv)
environmental inspections, (v) real estate taxes, assessments and other similar
items that are or may become a lien thereon and (vi) any other amount
specifically required to be paid as a Servicing Advance hereunder, if and to the
extent monies in the Servicing Accounts are insufficient to pay such item when
due and the related Borrower has failed to pay such item on a timely basis,
provided that the Master Servicer shall not be required to make any such Advance
that would, if made, constitute a Nonrecoverable Servicing Advance.

            The Special Servicer shall give the Master Servicer, the Trustee and
the Fiscal Agent not less than five Business Days' notice before the date on
which the Master Servicer is required to make any Servicing Advance with respect
to a given Loan that it is required to service or related REO Property;
provided, however, that only two Business Days' notice shall be required in
respect of Servicing Advances required to be made on an urgent or emergency
basis; provided, further, that the Special Servicer shall not be entitled to
make such a request (other than for Servicing Advances required to be made on an
urgent or emergency basis) more frequently than once per calendar month
(although such request may relate to more than one Servicing Advance). The
Master Servicer may pay the aggregate amount of such Servicing Advances listed
on a monthly request to the Special Servicer, in which case the Special Servicer
shall remit such Servicing Advances to the ultimate payees. In addition, the
Special Servicer shall provide the Master Servicer, the Trustee and the Fiscal
Agent with such information in its possession as the Master Servicer, the
Trustee or the Fiscal Agent, as applicable, may reasonably request to enable the
Master Servicer, the Trustee or the Fiscal Agent, as applicable, to determine
whether a requested Servicing Advance would constitute a Nonrecoverable
Servicing Advance. Any request by the Special Servicer that the Master Servicer
make a Servicing Advance shall be deemed to be a determination by the Special
Servicer that such requested Servicing Advance is not a Nonrecoverable Servicing
Advance, and the Master Servicer shall be entitled to conclusively rely on such
determination, provided that such determination shall not be binding upon the
Master Servicer. On the fourth Business Day before each Distribution Date, the
Special Servicer shall report to the Master Servicer the Special Servicer's
determination as to whether any Servicing Advance previously made with respect
to a Specially Serviced Loan or REO Loan is a Nonrecoverable Servicing Advance.
The Master Servicer shall be entitled to conclusively rely on such a
determination, provided that such determination shall not be binding upon the
Master Servicer.

            Notwithstanding anything to the contrary set forth herein, the
Master Servicer shall (at the direction of the Special Servicer if a Specially
Serviced Loan is involved) pay directly out of the Collection Account any
servicing expense that, if paid by the Master Servicer or the Special Servicer,
would constitute a Nonrecoverable Servicing Advance; provided that such payment
shall be made only if the Master Servicer (or the Special Servicer, if a
Specially Serviced Loan is involved) has determined in accordance with the
Servicing Standard that making such payment is in the best interests of the
Certificateholders (as a collective whole) (and in the case of any Companion
Loan or B Note, the related holder of the Companion Loan or B Note, as
applicable, taken as a collective whole), as evidenced by an Officer's
Certificate delivered promptly to the Trustee, the Depositor, each Rating
Agency, the Directing Certificateholder and any Requesting Subordinate
Certificateholder, setting forth the basis for such determination and
accompanied by any information that the Master Servicer or the Special Servicer
may have obtained that supports such determination.

            All such Servicing Advances and interest thereon shall be
reimbursable in the first instance from related collections from the Borrowers
and further as provided in Section 3.05. No costs incurred by the Master
Servicer or Special Servicer in effecting the payment of real estate taxes,
assessments and, if applicable, ground rents on or in respect of the Mortgaged
Properties shall, for purposes of calculating monthly distributions to
Certificateholders, be added to the unpaid principal balances of the related
Loans, notwithstanding that the terms of such Loans so permit. If the Master
Servicer fails to make any required Servicing Advance as and when due to the
extent a Responsible Officer of the Trustee or Fiscal Agent, as applicable, has
been notified of such failure in writing by the Master Servicer, the Special
Servicer or Depositor, the Trustee or the Fiscal Agent, as applicable, shall
make such Servicing Advance pursuant to Section 7.05.

            (d) In connection with its recovery of any Servicing Advance out of
a Collection Account pursuant to clauses (v) or (vi) of Section 3.05(a) or from
a Servicing Account pursuant to Section 3.03(a)(ii), the Master Servicer, the
Trustee and the Fiscal Agent, as the case may be, shall be entitled to receive,
out of any amounts then on deposit in such Collection Account, interest at the
Reimbursement Rate in effect from time to time, accrued on the amount of such
Servicing Advance from and including the date made to, but not including, the
date of reimbursement. The Master Servicer shall reimburse itself, the Trustee
or the Fiscal Agent, as the case may be, for any outstanding Servicing Advance
made by the Master Servicer, the Trustee or the Fiscal Agent as soon as
practically possible after funds available for such purpose are deposited in the
Collection Account.

            (e) To the extent an operations and maintenance plan is required to
be established and executed pursuant to the terms of a Loan, the Master Servicer
or, with respect to Specially Serviced Loans, the Special Servicer shall request
from the Borrower written confirmation thereof within a reasonable time after
the later of the Closing Date and the date as of which such plan is required to
be established or completed. To the extent any repairs, capital improvements,
actions or remediations are required to have been taken or completed pursuant to
the terms of the Loan, the Master Servicer or, with respect to Specially
Serviced Loans, the Special Servicer shall request from the Borrower written
confirmation of such actions and remediations within a reasonable time after the
later of the Closing Date and the date as of which such action or remediations
are required to be or to have been taken or completed. To the extent a Borrower
fails to promptly respond to any inquiry described in this Section 3.03(e), the
Master Servicer (with respect to Loans that are not Specially Serviced Loans)
shall determine whether the related Borrower has failed to perform its
obligations under the Loan and report any such failure to the Special Servicer
within a reasonable time after the date as of which such operations and
maintenance plan is required to be established or executed or the date as of
which such actions or remediations are required to be or to have been taken or
completed.

            Section 3.04 The Collection Account, Distribution Account and Excess
Interest Distribution Account.

            (a) The Master Servicer shall establish and maintain, or cause to be
established and maintained, a Collection Account, into which the Master Servicer
shall deposit or cause to be deposited on a daily basis (and in no event later
than the Business Day following receipt of available funds), except as otherwise
specifically provided herein, the following payments and collections received
after the Cut-off Date (other than payments of principal and interest on the
Loans, Companion Loan or B Note due and payable on or before the Cut-off Date)
and payments (other than Principal Prepayments) received by it on or prior to
the Cut-off Date but allocable to a period subsequent thereto:

                  (i) all payments on account of principal, including Principal
            Prepayments, on such Loans, Companion Loan and B Note; and

                  (ii) all payments on account of interest on such Loans (net of
            the Master Servicing Fees and Primary Servicing Fees), any Companion
            Loan and any B Note and Penalty Charges (net of any amount thereof
            utilized to offset interest on Advances, including (with respect to
            Penalty Charges received on the Westfarms Mall Total Loan) interest
            on Advances made by the holder (or any servicer) of the Companion
            Loan for the Westfarms Mall Total Loan); and

                  (iii) all Insurance and Condemnation Proceeds and Liquidation
            Proceeds received in respect of any such Loan, Companion Loan or B
            Note or related REO Property (other than Liquidation Proceeds that
            are to be deposited in the Lower-Tier Distribution Account pursuant
            to Section 9.01); and

                  (iv) any amounts required to be transferred from the REO
            Account pursuant to Section 3.16(c); and

                  (v) any amounts required to be deposited by the Master
            Servicer pursuant to Section 3.06 in connection with losses incurred
            with respect to Permitted Investments of funds held in the
            Collection Account; and

                  (vi) any amounts required to be deposited by the Master
            Servicer or the Special Servicer pursuant to Section 3.07(b) in
            connection with losses resulting from a deductible clause in a
            blanket hazard policy or master single interest policy.

            The foregoing requirements for deposit by the Master Servicer in the
Collection Account shall be exclusive, it being understood and agreed that
actual payments from Borrowers in the nature of Escrow Payments, charges for
beneficiary statements or demands, assumption fees, modification fees, extension
fees, amounts collected for Borrower checks returned for insufficient funds or
other amounts that the Master Servicer or the Special Servicer is entitled to
retain as additional servicing compensation pursuant to Section 3.11 need not be
deposited by the Master Servicer in the Collection Account. If the Master
Servicer shall deposit in the Collection Account any amount not required to be
deposited therein, it may at any time withdraw such amount from the Collection
Account.

            With respect to the Westfarms Mall Total Loan, the Master Servicer
shall establish and maintain one or more sub-accounts of the Collection Account
(each an "A/B Loan Custodial Account") into which the Master Servicer shall
deposit from the Collection Account any amounts described above that are
required to be paid to the holder of the related B Note pursuant to the terms of
the related A/B Mortgage Loan Intercreditor Agreement, in each case on the same
day as the deposit thereof into the Collection Account. Any A/B Loan Custodial
Account shall be held in trust for the benefit of the holder of the related B
Note and shall not be part of any REMIC.

            With respect to any Loan Pair, the Master Servicer shall establish
and maintain one or more sub-accounts of the Collection Account (each a
"Companion Loan Custodial Account") into which the Master Servicer shall deposit
from the Collection Account any amounts described above that are required to be
paid to the holder of the related Companion Loan pursuant to the terms of the
Westfarms Mall A Note Intercreditor Agreement, in each case on the same day as
the deposit thereof into the Collection Account. Each Companion Loan Custodial
Account shall be held in trust for the benefit of the holder of the related
Companion Loan and shall not be part of any REMIC.

            Within one Business Day of receipt of any of the foregoing amounts
with respect to any Specially Serviced Loan, the Special Servicer shall remit
such amounts to the Master Servicer for deposit into the Collection Account. Any
amounts received by the Special Servicer with respect to an REO Property shall
be deposited into the REO Account and remitted to the Master Servicer for
deposit into the Collection Account pursuant to Section 3.16(c).

            (b) The Trustee shall establish and maintain the Distribution
Account in trust for the benefit of the Certificateholders. The Trustee shall
make or be deemed to have made deposits in and withdrawals from the Distribution
Account in accordance with the terms of this Agreement. The Master Servicer
shall deliver to the Trustee each month on or before 1:00 p.m., New York City
time, on the Master Servicer Remittance Date, for deposit in the Lower-Tier
Distribution Account, that portion of the Available Distribution Amount
(calculated without regard to clauses (a)(v), (a)(viii), (c), (d) and (e) of the
definition thereof) for the related Distribution Date then on deposit in the
Collection Account maintained by the Master Servicer.

            Subject to Section 3.05, the Master Servicer shall, as and when
required hereunder, deliver to the Trustee for deposit in the Lower-Tier
Distribution Account:

                  (i) any P&I Advances (other than with respect to the Companion
            Loan) required to be made by the Master Servicer in accordance with
            Section 4.03 (or, if the Trustee or Fiscal Agent succeeds to the
            Master Servicer's obligations hereunder, Section 7.05);

                  (ii) any Liquidation Proceeds (other than with respect to the
            Companion Loan) paid by the Master Servicer in connection with the
            purchase of all of the Loans and any REO Properties in the Trust
            Fund pursuant to Section 9.01 (exclusive of that portion thereof
            required to be deposited in the Collection Account or the Excess
            Interest Distribution Account pursuant to Section 9.01);

                  (iii) any Yield Maintenance Charges (other than with respect
            to the Companion Loan);

                  (iv) any payments required to be made by the Master Servicer
            pursuant to Section 3.02(d).

                  (v) any other amounts required to be so delivered by the
            Master Servicer for deposit in the Lower-Tier Distribution Account
            pursuant to any provision of this Agreement.

            The Trustee shall, upon receipt, deposit in the Lower-Tier
Distribution Account any and all amounts received by the Trustee that are
required by the terms of this Agreement to be deposited therein (including the
withdrawal amount from the Interest Reserve Account pursuant to Section 3.28(b)
and such amount from the Excess Liquidation Proceeds Account as required
pursuant to Section 3.04(d)). To the extent the Master Servicer has not
delivered to the Trustee for deposit in the Lower-Tier Distribution Account such
amounts as are required to be delivered on the Master Servicer Remittance Date,
the Master Servicer shall pay interest thereon to the Trustee at an interest
rate equal to the Reimbursement Rate then in effect for the period from and
including the Master Servicer Remittance Date to and excluding the date such
amounts are received for deposit by the Trustee.

            On each Distribution Date, the Trustee shall deposit or be deemed to
have deposited in the Upper-Tier Distribution Account an aggregate amount of
immediately available funds equal to the Available Distribution Amount and the
amount of any Yield Maintenance Charges for such Distribution Date allocated in
payment of the Uncertificated Lower-Tier Interests as specified in Sections
4.01(b) and 4.01(d), respectively.

            (c) Prior to the Master Servicer Remittance Date relating to any Due
Period in which Excess Interest is received, the Trustee shall establish and
maintain the Excess Interest Distribution Account in the name of the Trustee for
the benefit of the Holders of the Class V Certificates. The Excess Interest
Distribution Account shall be established and maintained as an Eligible Account
or a subaccount of an Eligible Account. On or before each Master Servicer
Remittance Date, the Master Servicer shall remit to the Trustee for deposit in
the Excess Interest Distribution Account an amount equal to the Excess Interest
received during the related Due Period. On each Distribution Date, the Trustee
shall withdraw the Excess Interest from the Excess Interest Distribution Account
for distribution pursuant to Section 4.01(f). Following the distribution of
Excess Interest to Holders of the Class V Certificates on the first Distribution
Date after which no Loans remain outstanding that pursuant to their terms could
pay Excess Interest, the Trustee shall terminate the Excess Interest
Distribution Account.

            (d)  If any Excess Liquidation Proceeds are received, the Trustee
shall establish and maintain one or more accounts (collectively, the "Excess
Liquidation Proceeds Account") to be held in trust for the benefit of the
Certificateholders. Each account that constitutes the Excess Liquidation
Proceeds Account shall be an Eligible Account or a sub-account of an Eligible
Account and may be a sub-account of the Distribution Account. By 1:00 p.m. on
each Master Servicer Remittance Date, the Master Servicer shall withdraw from
the Collection Account and remit to the Trustee for deposit in the Excess
Liquidation Proceeds Account all Excess Liquidation Proceeds received during the
Due Period ending on the Determination Date immediately prior to such Master
Servicer Remittance Date.

            On the Business Day prior to each Distribution Date, the Trustee
shall withdraw from the Excess Liquidation Proceeds Account and deposit in the
Lower-Tier Distribution Account, for distribution on such Distribution Date, an
amount equal to the lesser of (i) the entire amount, if any, then on deposit in
the Excess Liquidation Proceeds Account and (ii) the excess, if any, of the
aggregate amount distributable with respect to the Regular Certificates on such
Distribution Date pursuant to Section 4.01(a), over the Available Distribution
Amount for such Distribution Date (calculated without regard to such transfer
from the Excess Liquidation Proceeds Account to the Distribution Account);
provided that on the Business Day prior to the Final Distribution Date, the
Trustee shall withdraw from the Excess Liquidation Proceeds Account and deposit
in the Lower-Tier Distribution Account, for distribution on such Distribution
Date, any and all amounts then on deposit in the Excess Liquidation Proceeds
Account.

            (e) Funds on deposit in a Collection Account (including any A/B Loan
Custodial Accounts and Companion Loan Custodial Accounts) may be invested only
in Permitted Investments in accordance with the provisions of Section 3.06.
Funds on deposit in the Interest Reserve Account, Excess Interest Distribution
Account, Excess Liquidation Proceeds and Distribution Account shall remain
uninvested. The Master Servicer shall give notice to the Trustee, the Special
Servicer, the Rating Agencies and the Depositor of any new location of the
Collection Account prior to any change thereof. As of the Closing Date (or the
date such account is established, if later), the Distribution Account, the
Excess Liquidation Proceeds Account and the Excess Interest Distribution Account
shall be located at the offices of the Trustee. The Trustee shall give notice to
the Master Servicer and the Depositor of any new location of the Distribution
Account, the Excess Liquidation Proceeds Account or the Excess Interest
Distribution Account, prior to any change thereof.

            Section 3.05 Permitted Withdrawals from the Collection Account and
the Distribution Account.

            (a) The Master Servicer may, from time to time, make withdrawals
from the Collection Account maintained by it for any of the following purposes:

                  (i) to remit to the Trustee for deposit in the Lower-Tier
            Distribution Account the amount required to be remitted pursuant to
            the first paragraph of Section 3.04(b) and clause (iii) of the
            second paragraph of Section 3.04(b) and the amount to be applied to
            make P&I Advances by the Master Servicer pursuant to Section
            4.03(a);

                  (ii) to pay Excess Interest to the Excess Interest
            Distribution Account pursuant to Section 3.04(c);

                  (iii) to pay (x) to itself or the holder of the Excess
            Servicing Strip (subject to Section 3.11(a)), unpaid Master
            Servicing Fees (net of any such amounts required to offset
            Prepayment Interest Shortfalls pursuant to Section 3.11(a)) and any
            Primary Servicing Fees to which it or such holder is entitled
            pursuant to Section 3.11(a), (y) to any Primary Servicer entitled
            thereto, the related Primary Servicing Fee, and (z) to the Special
            Servicer, unpaid Special Servicing Fees, Liquidation Fees and
            Workout Fees in respect of each Loan, Companion Loan and B Note,
            related Specially Serviced Loan and related REO Loan, as applicable,
            the Master Servicer's rights, any Primary Servicer's rights and the
            Special Servicer's rights to payment pursuant to this clause (iii)
            with respect to any Loan, Companion Loan or REO Loan, as applicable,
            being limited to amounts received on or in respect of such Loan,
            such Companion Loan (whether in the form of payments, Liquidation
            Proceeds or Insurance and Condemnation Proceeds) or such REO Loan
            (whether in the form of REO Revenues, Liquidation Proceeds or
            Insurance and Condemnation Proceeds) that are allocable as a
            recovery of interest thereon;

                  (iv) to reimburse itself, KRECM, the Trustee or the Fiscal
            Agent, as applicable, for unreimbursed P&I Advances the Master
            Servicer's, KRECM's, the Trustee's or the Fiscal Agent's right to
            receive payment pursuant to this clause (iv) being limited to
            amounts received which represent Late Collections of interest (net
            of the related Master Servicing Fees) on and principal of the
            particular Loans, Companion Loan and REO Loans with respect to which
            such P&I Advances were made;

                  (v) to reimburse itself, KRECM, the Trustee or the Fiscal
            Agent, as applicable, for unreimbursed Servicing Advances, the
            Master Servicer's, KRECM's, the Trustee's or the Fiscal Agent's
            respective rights to receive payment pursuant to this clause (v)
            with respect to any Loan, Companion Loan, B Note or REO Property
            being limited to, as applicable, related payments, Liquidation
            Proceeds, Insurance and Condemnation Proceeds and REO Revenues;

                  (vi) to reimburse itself, KRECM, the Trustee or the Fiscal
            Agent, as applicable, for Nonrecoverable Advances out of general
            collections on the Loans, Companion Loan, B Note and REO Properties;

                  (vii) at such time as it reimburses itself, KRECM, the Trustee
            or the Fiscal Agent, as applicable, for (a) any unreimbursed P&I
            Advance pursuant to clause (iv) above, to pay itself, KRECM, the
            Trustee or the Fiscal Agent, as applicable, any interest accrued and
            payable thereon in accordance with Section 4.03(d), (b) any
            unreimbursed Servicing Advances pursuant to clause (v) above or
            pursuant to Section 3.03(a)(ii), to pay itself, KRECM, the Trustee
            or the Fiscal Agent, as the case may be, any interest accrued and
            payable thereon in accordance with Section 3.03(d) or (c) any
            Nonrecoverable Advances pursuant to clause (vi) above, to pay
            itself, KRECM, the Trustee or the Fiscal Agent, as the case may be,
            any interest accrued and payable thereon;

                  (viii) to reimburse itself, the Special Servicer, the
            Depositor, the Trustee or the Fiscal Agent, as the case may be, for
            any unreimbursed expenses reasonably incurred by such Person in
            respect of any Breach or Defect relating to a Loan, Companion Loan
            or B Note required to be serviced by the Master Servicer and giving
            rise to a repurchase obligation of any Mortgage Loan Seller under
            Section 7 of the related Mortgage Loan Purchase Agreement,
            including, without limitation, any expenses arising out of the
            enforcement of the repurchase obligation, each such Person's right
            to reimbursement pursuant to this clause (viii) with respect to any
            Loan being limited to that portion of the Purchase Price paid for
            such Loan that represents such expense in accordance with clause (v)
            of the definition of Purchase Price;

                  (ix) Subject to Section 2.03(b), to reimburse itself, the
            Trustee, the Fiscal Agent or the Special Servicer, as the case may
            be, out of general collections on the Loans and REO Properties for
            any unreimbursed expense reasonably incurred by such Person relating
            to a Loan required to be serviced by the Master Servicer in
            connection with the enforcement of any Mortgage Loan Seller's
            obligations under Section 7 of the related Mortgage Loan Purchase
            Agreement, but only to the extent that such expenses are not
            reimbursable pursuant to clause (viii) above or otherwise;

                  (x) to pay itself, as additional servicing compensation all
            amounts specified in the fourth and fifth paragraphs of Section
            3.11(a); and to pay the Special Servicer, as additional servicing
            compensation all amounts specified in the last paragraph of Section
            3.11(b);

                  (xi) to recoup any amounts deposited in the Collection Account
            maintained by the Master Servicer in error;

                  (xii) to pay itself, the Special Servicer, the Depositor or
            any of their respective directors, officers, employees and agents,
            as the case may be, any amounts payable to any such Person pursuant
            to Sections 6.03(a) or 6.03(b);

                  (xiii) to pay for (a) the cost of any Opinion of Counsel
            contemplated by Sections 10.01(a) or 10.01(c) in connection with an
            amendment to this Agreement requested by the Trustee or the Master
            Servicer, which amendment is in furtherance of the rights and
            interests of Certificateholders and (b) the cost of obtaining the
            REO Extension contemplated by Section 3.16(a) (the amounts
            contemplated by this clause may be paid from the Collection
            Account);

                  (xiv) to pay out of general collections on the Loans and REO
            Properties any and all federal, state and local taxes imposed on any
            Trust REMIC created hereunder or any of their assets or
            transactions, together with all incidental costs and expenses, to
            the extent that none of the Master Servicer, the Special Servicer,
            the Trustee or the Fiscal Agent is liable therefor;

                  (xv) to reimburse the Master Servicer and the Special Servicer
            out of general collections on the Loans (and with respect to the
            Westfarms Mall Total Loan, the Companion Loan and B Note) and REO
            Properties for expenses incurred by and reimbursable to them by the
            Trust Fund;

                  (xvi) to pay itself, the Special Servicer or a Mortgage Loan
            Seller, as the case may be, with respect to each Loan, Companion
            Loan and B Note if any, previously purchased by such Person pursuant
            to this Agreement, all amounts received thereon subsequent to the
            date of purchase;

                  (xvii) to reimburse the Special Servicer for the cost of any
            environmental testing performed at the Special Servicer's direction
            pursuant to the last sentence of Section 3.09(c);

                  (xviii) to transfer the Excess Liquidation Proceeds to the
            Excess Liquidation Proceeds Account in accordance with Section
            3.04(d); and

                  (xix) to clear and terminate the Collection Account at the
            termination of this Agreement pursuant to Section 9.01;

            provided, however, that in the case of the B Note:

            (A) the Master Servicer shall be entitled to make transfers from
      time to time, from the related A/B Loan Custodial Account to the portion
      of the Collection Account that does not constitute the A/B Loan Custodial
      Account, of amounts necessary for the payments or reimbursement of amounts
      described in any one or more of clauses (i), (ii), (iii), (iv), (v), (vi),
      (vii), (viii), (ix), (xi), (xv), (xvi) and (xvii) above, but only insofar
      as the payment or reimbursement described therein arises from or is
      related solely to the Westfarms Mall Total Loan, is allocable to the
      Westfarms Mall Total Loan pursuant to this Agreement and is allocable to
      the B Note pursuant to the A/B Mortgage Loan Intercreditor Agreement, and
      the Master Servicer shall also be entitled to make transfers from time to
      time, from the related A/B Loan Custodial Account to the portion of the
      Collection Account that does not constitute the A/B Loan Custodial
      Account, of amounts transferred to such related A/B Loan Custodial Account
      in error, and amounts necessary for the clearing and termination of the
      Collection Account pursuant to Section 9.01.

            (B) the Master Servicer shall be entitled to make transfers from
      time to time, from the related A/B Loan Custodial Account to the portion
      of the Collection Account that does not constitute the A/B Loan Custodial
      Account, of amounts not otherwise described in clause (A) above to which
      the holder of an A Note is entitled under the Westfarms Mall Total Loan
      and the related A/B Mortgage Loan Intercreditor Agreement (including in
      respect of interest, principal and Prepayment Premiums due in respect of
      the A Note (whether or not by operation of any provision of the related
      A/B Mortgage Loan Intercreditor Agreement that entitles the holder of such
      A Note to receive remittances in amounts calculated without regard to any
      modification, waiver or amendment of the economic terms of such A Note));

            (C) the Master Servicer (or KRECM with respect to the Westfarms Mall
      Loan) shall on the Business Day following receipt of payment from the
      related Borrower, remit to the holder of the related B Note any amounts on
      deposit in such A/B Loan Custodial Account (net of amounts permitted or
      required to be transferred therefrom as described in clauses (A) and/or
      (B) above), to the extent that the holder of such B Note is entitled
      thereto under the related A/B Mortgage Loan Intercreditor Agreement
      (including by way of the operation of any provision of the related A/B
      Mortgage Loan Intercreditor Agreement that entitles the holder of the B
      Note to reimbursement of cure payments made by it);

            and provided further, however, that in the case of any Companion
      Loan:

            (A) the Master Servicer shall be entitled to make transfers from
      time to time, from the related Companion Loan Custodial Account to the
      portion of the Collection Account that does not constitute any Companion
      Loan Custodial Account, of amounts necessary for the payments or
      reimbursement of amounts described in any one or more of clauses (i) (as
      such clause relates to Section 4.03), (ii), (iii), (iv), (v), (vi), (vii),
      (xi), (xv), (xvi) and (xvii) above, but only insofar as the payment or
      reimbursement described therein arises from or is related solely to such
      Loan Pair and is allocable to the Companion Loan, and the Master Servicer
      shall also be entitled to make transfers from time to time, from the
      related Companion Loan Custodial Account to the portion of the Collection
      Account that does not constitute any Companion Loan Custodial Account, of
      amounts transferred to such related Companion Loan Custodial Account in
      error, and amounts necessary for the clearing and termination of the
      Collection Account pursuant to Section 9.01;

            (B) the Master Servicer shall be entitled to make transfers from
      time to time, from the related Companion Loan Custodial Account to the
      portion of the Collection Account that does not constitute any Companion
      Loan Custodial Account, of amounts not otherwise described in clause (A)
      above to which the holder of either A Note is entitled under the Westfarms
      Mall A Note Intercreditor Agreement (including in respect of interest,
      principal and Prepayment Premiums); and

            (C) the Master Servicer (or KRECM with respect to the Westfarms Mall
      Loan) shall on each Master Servicer Remittance Date remit to the holder of
      the related Companion Loan or its designee all amounts on deposit in such
      Companion Loan Custodial Account (net of amounts permitted or required to
      be transferred therefrom as described in clauses (A) and/or (B) above), to
      the extent that the holder of such Companion Loan is entitled thereto
      under the Westfarms Mall A Note Intercreditor Agreement or under the
      Companion Loan loan documents.

            Expenses incurred with respect to the Westfarms Mall Total Loan
shall be allocated in accordance with the A/B Mortgage Loan Intercreditor
Agreement and the Westfarms Mall A Note Intercreditor Agreement. The Master
Servicer shall keep and maintain a separate accounting for each Loan and B Note
for the purpose of justifying any withdrawal or transfer from the Collection
Account and any A/B Loan Custodial Account. The Master Servicer shall not be
permitted to withdraw any funds from the portion of the Collection Account or
Companion Loan Custodial Account that does not constitute the A/B Loan Custodial
Account unless there are no remaining funds in the related A/B Loan Custodial
Account available and amounts are required to be paid in accordance with the
related A/B Mortgage Loan Intercreditor Agreement. If the Master Servicer is
entitled to make any payment or reimbursement described above and such payment
or reimbursement relates to a B Note but is not limited to a specific source of
funds (other than the requirement that it must be made by withdrawal from the
A/B Loan Custodial Account insofar as it relates to a B Note and is permitted
pursuant to the A/B Mortgage Loan Intercreditor Agreement), the Master Servicer
shall, if funds on deposit in such A/B Loan Custodial Account are insufficient
therefor, request the holder of the B Note to make such payment or reimbursement
to the extent the holder of the B Note is obligated to make such payment or
reimbursement pursuant to the A/B Mortgage Loan Intercreditor Agreement. If the
holder of the B Note fails to make such payment or reimbursement that it is
obligated to make within three (3) Business Days following such request, the
Master Servicer shall be entitled to make such payment or reimbursement from the
Collection Account. If such payment or reimbursement is subsequently recovered
from the holder of the B Note, to the extent that any amounts were previously
taken by the Master Servicer from the Collection Account, the amount recovered
shall be deposited into the Collection Account and shall not be deposited into
the A/B Loan Custodial Account.

            Expenses incurred with respect to the Loan Pair shall be allocated
in accordance with the Westfarms Mall A Note Intercreditor Agreement. The Master
Servicer shall keep and maintain a separate accounting for the Westfarms Mall
Loan and the Companion Loan for the purpose of justifying any withdrawal or
transfer from the Collection Account and each Companion Loan Custodial Account.
If the Master Servicer is entitled to make any payment or reimbursement
described above and such payment or reimbursement relates to the Companion Loan
but is not limited to a specific source of funds (other than the requirement
that it must be made by withdrawal from the Companion Loan Custodial Account
insofar as it relates to a Companion Loan), the Master Servicer shall, if funds
on deposit in such Companion Loan Custodial Account are insufficient therefor,
request the holder of the Companion Loan to make such payment or reimbursement.
If the holder of the Companion Loan fails to make such payment or reimbursement
within three (3) Business Days following such request, the Master Servicer shall
be entitled to make such payment or reimbursement from the Collection Account
unless such payment or reimbursement represents a P&I Advance that was
previously made and constitutes a Nonrecoverable Advance or accrued and unpaid
interest on such P&I Advance. If such payment or reimbursement is subsequently
recovered from the holder of the Companion Loan, the amount recovered shall be
deposited into the Collection Account and shall not be deposited into the
Companion Loan Custodial Account. If the Master Servicer is entitled to make any
payment or reimbursement described above and such payment or reimbursement
represents a P&I Advance that was previously made and constitutes a
Nonrecoverable Advance or accrued and unpaid Advance Interest on such P&I
Advance, the Master Servicer shall not be entitled to make such payment or
reimbursement by withdrawal from the Collection Account and the Trust shall
thereupon be deemed, without any further action or notice, to have transferred
to the Master Servicer and the Master Servicer shall thereupon be deemed to own
(and to be entitled to enforce for the Master Servicer's own account) the
obligation of the holder of the Companion Loan to make such reimbursement or
payment under the Westfarms Mall A Note Intercreditor Agreement.

            The Master 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 from the Collection Account. Any
amounts withdrawn from the Collection Account pursuant to clauses (iii) through
(xvii) above shall be allocated to the Lower-Tier REMIC.

            (b) The Trustee, may, from time to time, make or be deemed to make
withdrawals from the Lower-Tier Distribution Account for any of the following
purposes:

                  (i) to make deemed distributions of the Lower-Tier
            Distribution Amount pursuant to Section 4.01(a) and the amount of
            any Yield Maintenance Charges distributable pursuant to Section
            4.01(c) to the Upper-Tier Distribution Account;

                  (ii) to make distributions in respect of the Class LR
            Certificates pursuant to Section 4.01(a);

                  (iii) to pay the Trustee accrued but unpaid Trustee Fees;

                  (iv) to pay to the Trustee, the Fiscal Agent or any of their
            Affiliates, directors, officers, employees and agents, as the case
            may be, any amounts payable or reimbursable to any such Person
            hereunder, including pursuant to Section 3.26(e), 3.30(o), 4.12,
            6.03(a), 6.03(b), 8.05(c) or 8.05(d);

                  (v) to pay for the cost of the Opinion of Counsel contemplated
            by Section 10.01(c) in connection with any amendment to this
            Agreement requested by the Trustee;

                  (vi) to clear and terminate the Lower-Tier Distribution
            Account at the termination of this Agreement pursuant to Section
            9.01;

                  (vii) to transfer amounts required to be transferred to the
            Interest Reserve Account pursuant to Section 3.28(a); and

                  (viii) to recoup any amounts deposited in the Lower-Tier
            Distribution Account in error.

            (c) The Trustee may make withdrawals from the Upper-Tier
Distribution Account for any of the following purposes:

                  (i) to make distributions to Certificateholders (other than
            Holders of the Class LR and Class V Certificates) on each
            Distribution Date pursuant to Section 4.01 or 9.01, as applicable;

                  (ii) to clear and terminate the Upper-Tier Distribution
            Account at the termination of this Agreement pursuant to Section
            9.01; and

                  (iii) to recoup any amounts deposited in the Upper-Tier
            Distribution Account in error.

            (d) Notwithstanding anything herein to the contrary, with respect to
any Loan, (i) if amounts on deposit in the Collection Account and the Lower-Tier
Distribution Account are not sufficient to pay the full amount of the Master
Servicing Fee listed in Section 3.05(a)(ii) and the Trustee Fee listed in
Section 3.05(b)(ii), then the Trustee Fee shall be paid in full prior to the
payment of any Master Servicing Fees payable under Section 3.05(a)(ii) and (ii)
if amounts on deposit in the Collection Account are not sufficient to reimburse
the full amount of Advances listed in Sections 3.05(a)(iv), (v), (vi) and (vii),
then reimbursements shall be paid first to the Fiscal Agent, second, to the
Trustee, and then to the Master Servicer.

            Section 3.06 Investment of Funds in the Collection Account,
Servicing Accounts, Cash Collateral Accounts, Lock-Box Accounts and the REO
Account.

            (a) (i) The Master Servicer may direct any depository institution
maintaining for the Master Servicer a Collection Account, any Servicing Account,
any Cash Collateral Account and any Lock-Box Account (any of the foregoing
accounts listed in this clause (i) for purposes of this Section 3.06, a
"Servicing Account"), and (ii) the Special Servicer may direct any depository
institution maintaining the REO Account (any of the Servicing Accounts or the
REO Account, for purposes of this Section 3.06, an "Investment Account"), to
invest (or if such depository institution is the Master Servicer or Special
Servicer, as applicable, it may itself invest) the funds held therein solely in
one or more Permitted Investments bearing interest or sold at a discount, and
maturing, unless payable on demand, (A) no later than the Business Day
immediately preceding the next succeeding date on which such funds are required
to be withdrawn from such account pursuant to this Agreement, if a Person other
than the depository institution maintaining such account is the obligor thereon
and (B) no later than the date on which such funds are required to be withdrawn
from such account pursuant to this Agreement, if the depository institution
maintaining such account is the obligor thereon. All such Permitted Investments
shall be held to maturity, unless payable on demand. Any investment of funds in
an Investment Account shall be made in the name of the Trustee (in its capacity
as such).

            The Master Servicer (in the case of any Master Servicer Account) or
the Special Servicer (in the case of the REO Account), on behalf of the Trustee,
shall maintain continuous possession of any Permitted Investment of amounts in
such accounts that is either (i) a "certificated security," as such term is
defined in the UCC or (ii) other property in which a secured party may perfect
its security interest by possession under the UCC or any other applicable law.
Possession of any such Permitted Investment by the Master Servicer or Special
Servicer shall constitute possession by the Trustee, as secured party, for
purposes of Section 9-313 of the UCC and any other applicable law. In the event
amounts on deposit in an Investment Account are at any time invested in a
Permitted Investment payable on demand, the Master Servicer (in the case of any
Master Servicer Account) or the Special Servicer (in the case of the REO
Account) shall:

                  (i) consistent with any notice required to be given
            thereunder, demand that payment thereon be made on the last day such
            Permitted Investment may otherwise mature hereunder in an amount
            equal to the lesser of (a) all amounts then payable thereunder and
            (b) the amount required to be withdrawn on such date; and

                  (ii) demand payment of all amounts due thereunder promptly
            upon determination by the Master Servicer, Special Servicer or the
            Trustee, as the case may be, that such Permitted Investment would
            not constitute a Permitted Investment in respect of funds thereafter
            on deposit in the Investment Account.

            (b) Interest and investment income realized on funds and deposited
in each of the Master Servicer Accounts to the extent of the Net Investment
Earnings, if any, with respect to such account for each period from any
Distribution Date to the immediately succeeding P&I Advance Date shall be for
the sole and exclusive benefit of the Master Servicer to the extent not required
to be paid to the related Borrower and shall be subject to its withdrawal, or
withdrawal at its direction, in accordance with Section 3.03(a), 3.05(a),
3.05(b) or 3.05(c), as the case may be. Interest and investment income realized
on funds deposited in the REO Account, to the extent of the Net Investment
Earnings, if any, with respect to such account for each period from any
Distribution Date to the immediately succeeding P&I Advance Date, shall be for
the sole and exclusive benefit of the Trust Fund, but shall be subject to
withdrawal in accordance with Section 3.16(c). If any loss shall be incurred in
respect of any Permitted Investment directed to be made by the Master Servicer
or Special Servicer, as applicable, in connection with funds on deposit in any
of the Servicing Accounts (in the case of the Master Servicer) or the REO
Account (in the case of the Special Servicer), then the Master Servicer or the
Special Servicer, as applicable, shall deposit therein (solely to the extent
that the loss is of an amount credited to an A/B Loan Custodial Account or
Companion Loan Custodial Account, deposit to the related A/B Loan Custodial
Account or Companion Loan Custodial Account, as the case may be), no later than
the P&I Advance Date, without right of reimbursement, the amount of the Net
Investment Loss, if any, with respect to such account for the period from the
immediately preceding Distribution Date to such P&I Advance Date.

            (c) Except as otherwise expressly provided in this Agreement, if any
default occurs in the making of a payment due under any Permitted Investment, or
if a default occurs in any other performance required under any Permitted
Investment, the Trustee may and, subject to Section 8.02, upon the request of
Holders of Certificates entitled to a majority of the Voting Rights allocated to
any Class shall, take such action as may be appropriate to enforce such payment
or performance, including the institution and prosecution of appropriate
proceedings.

            Notwithstanding the investment of funds held in a Collection Account
pursuant to this Section 3.06, for purposes of calculating the Available
Distribution Amount, the amounts so invested shall be deemed to remain on
deposit in such account.

            Section 3.07 Maintenance of Insurance Policies; Errors and Omissions
and Fidelity Coverage.

            (a) The Master Servicer shall use its reasonable efforts to cause
the Borrower to maintain, to the extent required by the terms of the related
Note and Mortgage, or if the Borrower does not so maintain, shall itself
maintain, for each Loan any Insurance Policy coverage as is required under the
related Mortgage (to the extent the Trustee as mortgagee has an insurable
interest in the related Mortgaged Property and to the extent such Insurance
Policy coverage is available at commercially reasonable rates, as determined by
the Master Servicer in accordance with the Servicing Standard); provided,
however, that, subject to Section 3.07(f), if any Mortgage permits the holder
thereof to dictate to the Borrower the Insurance Policy coverage to be
maintained on such Mortgaged Property, the Master Servicer or Special Servicer,
as applicable, shall impose such insurance requirements as are consistent with
the Servicing Standard. The Master Servicer shall use its reasonable efforts to
cause the Borrower to maintain, and if the Borrower does not so maintain, the
Master Servicer shall maintain, all-risk casualty insurance which does not
contain any carve-out for terrorist or similar act to the extent not prohibited
by the terms of the related Loan Documents. The Master Servicer shall not be
required to call a default under a Loan if the related Borrower fails to
maintain such insurance, and the Master Servicer shall not be required to
maintain such insurance, if, in each case, the Special Servicer consents, after
receiving the Master Servicer's recommendation (including a summary of Master
Servicer's efforts and research with respect to such insurance, along with other
information the Special Servicer may reasonably request), to the Master
Servicer's determination based upon information reasonably available to the
Master Servicer after due inquiry in accordance with the Servicing Standard that
either (a) such insurance is not available at commercially reasonable rates and
that such hazards are not at the time commonly insured against for properties
similar to the Mortgaged Property and located in or around the region in which
such Mortgaged Property is located or (b) such insurance is not available at any
rate, provided, however, Master Servicer shall enforce any specific provisions
of the related Loan documents requiring the related Borrower to obtain policies
at certain predetermined costs, and any related costs and expenses shall be paid
by the Master Servicer as an Advance. Subject to Section 3.17(a), the Special
Servicer shall maintain for each REO Property no less Insurance Policy coverage
than was previously required of the Borrower under the related Loan or, at
Special Servicer's election, coverage satisfying insurance requirements
consistent with the Servicing Standard, provided that such coverage is available
at commercially reasonable rates.

            All such Insurance Policies shall (i) contain a "standard" mortgagee
clause, with loss payable to the Master Servicer on behalf of the Trustee (in
the case of insurance maintained in respect of Loans other than REO Properties)
or the Special Servicer on behalf of the Trustee (in the case of insurance
maintained in respect of REO Properties), (ii) include coverage in an amount not
less than the lesser of the full replacement cost of the improvements which are
a part of the Mortgaged Property or the outstanding principal balance owing on
the related Loan, but in any case in such an amount so as to avoid the
application of any co-insurance clause, (iii) include a replacement cost
endorsement providing no deduction for depreciation (unless such endorsement is
not permitted under the related Loan Documents) and (iv) be issued by either (x)
a Qualified Insurer or (y) for any Insurance Policy being maintained by the
related Borrower, an insurance carrier meeting the requirements of the related
Mortgage, provided that such Qualified Insurer or other insurance carrier is
authorized under applicable law to issue such Insurance Policies. Any amounts
collected by the Master Servicer or Special Servicer under any such Insurance
Policies (other than amounts to be applied to the restoration or repair of the
related Mortgaged Property or REO Property or amounts to be released to the
related Borrower, in each case in accordance with the Servicing Standard and the
provisions of the related Loan) shall be deposited in the Collection Account
maintained by the Master Servicer, subject to withdrawal pursuant to Section
3.05(a).

            Any costs incurred by the Master Servicer in maintaining any such
Insurance Policies in respect of Loans (other than with respect to REO
Properties) if the Borrower defaults on its obligation to maintain such
Insurance Policies shall be advanced by the Master Servicer as a Servicing
Advance. The amounts so advanced shall not, for purposes of calculating monthly
distributions to Certificateholders, be added to the unpaid principal balance of
the related Loan, notwithstanding that the terms of such Loan so permit. Any
cost incurred by the Special Servicer in maintaining any such Insurance Policies
with respect to REO Properties shall be an expense of the Trust Fund payable out
of the related REO Account pursuant to Section 3.16(c) or, if the amount on
deposit therein is insufficient therefor, advanced by the Master Servicer as a
Servicing Advance.

            If the Master Servicer or Special Servicer obtains and maintains a
blanket Insurance Policy with a Qualified Insurer insuring against fire and
hazard losses on all of the Loans or REO Properties, as the case may be,
required to be serviced and administered by it hereunder, and such Insurance
Policy provides protection equivalent to the individual policies otherwise
required, then the Master Servicer or Special Servicer, as the case may be,
shall conclusively be deemed to have satisfied its obligation to cause fire and
hazard insurance to be maintained on the related Mortgaged Properties or REO
Properties. Such blanket Insurance Policy may contain a deductible clause, in
which case if there shall not have been maintained on the related Mortgaged
Property or REO Property a fire and hazard Insurance Policy complying with the
requirements of Section 3.07(a), and there shall have been one or more losses
which would have been covered by such Insurance Policy, the Master Servicer or
the Special Servicer shall promptly deposit into the Collection Account
maintained by it from its own funds the portion of such loss or losses that
would have been covered under the individual policy (giving effect to any
deductible limitation or, in the absence of such deductible limitation, the
deductible limitation that is consistent with the Servicing Standard) but is not
covered under the blanket Insurance Policy because of such deductible clause. In
connection with its activities as administrator and servicer of the Loans, the
Master Servicer agrees to prepare and present, on behalf of itself, the Trustee
and Certificateholders, claims under any such blanket Insurance Policy in a
timely fashion in accordance with the terms of such policy. The Special
Servicer, to the extent consistent with the Servicing Standard, may maintain
earthquake insurance on REO Properties, provided coverage is available at
commercially reasonable rates.

            (b) If the Master Servicer or Special Servicer causes any Mortgaged
Property to be covered by a master single interest Insurance Policy with a
Qualified Insurer naming the Master Servicer or Special Servicer as the loss
payee, then to the extent such Insurance Policy provides protection equivalent
to the individual policies otherwise required, the Master Servicer or Special
Servicer shall conclusively be deemed to have satisfied its obligation to cause
such insurance to be maintained on the related Mortgage Properties. If the
Master Servicer or Special Servicer, as applicable, causes any Mortgaged
Property or REO Property to be covered by such master single interest Insurance
Policy, the incremental costs of such insurance applicable to such Mortgaged
Property (i.e., other than any minimum or standby premium payable for such
policy whether or not any Mortgaged Property is covered thereby) shall be paid
by the Master Servicer as a Servicing Advance. Such master single interest
Insurance Policy may contain a deductible clause, in which case the Master
Servicer or the Special Servicer, as applicable, shall, if (A) there shall not
have been maintained on the related Mortgaged Property or REO Property a policy
otherwise complying with the provisions of Section 3.07(a) and (B) there shall
have been one or more losses which would have been covered by such policy had it
been maintained, deposit into the Collection Account maintained by the Master
Servicer from its own funds the amount not otherwise payable under the master
single interest Insurance Policy because of such deductible clause, to the
extent that any such deductible exceeds the deductible limitation that pertained
to the related Loan, or, in the absence of any such deductible limitation, the
deductible limitation which is consistent with the Servicing Standard.

            (c) The Master Servicer and Special Servicer, respectively, shall
maintain with responsible companies, at their own expense, a blanket fidelity
bond (a "Fidelity Bond") and an errors and omissions insurance policy with a
Qualified Insurer, with broad coverage on all of its officers or employees
acting in any capacity requiring such persons to handle funds, money, documents
or paper relating to the Loans ("Master Servicer Employees," in the case of the
Master Servicer, and "Special Servicer Employees," in the case of the Special
Servicer). Any such Fidelity Bond and errors and omissions insurance shall
protect and insure the Master Servicer or Special Servicer, as applicable,
against losses, including forgery, theft, embezzlement, fraud, errors and
omissions, failure to maintain any insurance policies required pursuant to the
Agreement and negligent acts of the Master Servicer Employees or Special
Servicer Employees, as applicable. The errors and omissions policy of the Master
Servicer or Special Servicer, as applicable, shall also protect and insure the
Master Servicer or Special Servicer, as applicable, against losses in connection
with the release or satisfaction of a Loan without having obtained payment in
full of the indebtedness secured thereby. No provision of this Section requiring
such Fidelity Bond and errors and omissions insurance shall diminish or relieve
the Master Servicer or Special Servicer from its duties and obligations as set
forth in this Agreement.

            The minimum coverage under any such Fidelity Bond and errors and
omissions insurance policy shall be at least equal to the greater of (i) the
amount necessary for the Master Servicer or Special Servicer, as applicable, to
qualify as a FNMA or FHLMC servicer or in an amount that would meet the
requirements of prudent institutional commercial mortgage loan servicers for
similar transactions, and (ii) $1,000,000. Notwithstanding the foregoing, so
long as the long-term debt or the deposit obligations or claims-paying ability
of the Master Servicer or Special Servicer (or its immediate or remote parent)
is rated at least "AA" by Fitch and S&P and "A2" by Moody's, the Master Servicer
or Special Servicer, respectively, shall be allowed to provide self-insurance
with respect to a Fidelity Bond and such errors and omissions policy; provided
that if such ratings requirement is satisfied by the ratings of the immediate or
remote parent of the Master Servicer or Special Servicer, as applicable, such
parent entity shall provide a written guarantee of the obligations of the Master
Servicer or the Special Servicer, as applicable, in connection with such
self-insurance. Coverage of the Master Servicer or the Special Servicer under a
policy or bond obtained by an Affiliate of the Master Servicer or the Special
Servicer and providing the coverage required by this Section 3.07(c) shall
satisfy the requirements of this Section 3.07(c).

            The Special Servicer and the Master Servicer will promptly report in
writing to the Trustee any material changes that may occur in their respective
Fidelity Bonds, if any, and/or their respective errors and omissions Insurance
Policies, as the case may be, and will furnish to the Trustee copies of all
binders and policies or certificates evidencing that such bonds, if any, and
insurance policies are in full force and effect.

            (d) With respect to the Loans that (i) require earthquake insurance,
or (ii) (A) at the date of origination were secured by Mortgaged Properties on
which the related Borrower maintained earthquake insurance and (B) have
provisions which enable the Master Servicer to continue to require the related
Borrower to maintain earthquake insurance, the Master Servicer shall require the
related Borrower to maintain such insurance in the amount, in the case of clause
(i), required by the Loan and in the amount, in the case of clause (ii),
maintained at origination, in each case, to the extent such amounts are
available at commercially reasonable rates. Any determination by the Master
Servicer that such insurance is not available at commercially reasonable rates
with respect to a Loan for which any related Mortgaged Property has a "Probable
Maximum Loss," bounded on the basis of 50 years, in excess of 20% shall be
subject to confirmation by the Rating Agencies that such determination not to
purchase such insurance will, in and of itself, not result in a downgrade,
qualification or withdrawal of the then-current ratings assigned to the
Certificates rated by such Rating Agency. The Master Servicer shall use
reasonable efforts to cause the related Borrower to pay the costs of such
confirmation, otherwise, such costs shall be a Trust Fund expense.

            (e) The Master Servicer and Special Servicer shall review and be
familiar with the terms and conditions relating to enforcing claims and shall
monitor the dates by which any claim or action is required to be taken under
each insurance policy to realize the full value of such policy for the benefit
of Certificateholders.

            (f) If, as of the Closing Date, a Mortgaged Property (other than an
REO Property) shall be in a federally designated special flood hazard area (if
flood insurance has been made available), or if the Master Servicer becomes
aware, in performing its duties under this Agreement, that a Mortgaged Property
becomes located in such area by virtue of remapping conducted by the Federal
Emergency Management Agency, the Master Servicer will use its reasonable efforts
to cause the related Borrower (in accordance with applicable law and the terms
of the Loan Documents) to maintain, and, if the related Borrower shall default
in any such obligation to so maintain, the Master Servicer shall itself
maintain, to the extent available at commercially reasonable rates (as
determined by the Master Servicer in accordance with the Servicing Standard) and
the Trustee as Mortgagee has an insurable interest in the related Mortgaged
Property, flood insurance in respect thereof, but only to the extent the related
Loan permits the mortgagee to require such coverage and the maintenance of such
coverage is consistent with the Servicing Standard. Such flood insurance shall
be in an amount equal to the least of (i) the unpaid principal balance of the
related Loan, (ii) the maximum amount of insurance which is available under the
Flood Disaster Protection Act of 1973, as amended, and (iii) the amount required
by the Loan. If the cost of any insurance described above is not borne by the
Borrower, the Master Servicer shall promptly make a Servicing Advance for such
costs, subject to Section 3.03(c).

            (g) During all such times as any REO Property shall be located in a
federally designated special flood hazard area, the Special Servicer will cause
to be maintained, to the extent available at commercially reasonable rates (as
determined by the Special Servicer in accordance with the Servicing Standard), a
flood insurance policy meeting the requirements of the current guidelines of the
Federal Insurance Administration in an amount equal to the least of (i) the
unpaid principal balance of the related Loan, (ii) the maximum amount of
insurance which is available under the Flood Disaster Protection Act of 1973, as
amended, and (iii) the amount required by the Loan. The cost of any such flood
insurance with respect to an REO Property shall be an expense of the Trust Fund
payable out of the related REO Account pursuant to Section 3.16(c) or, if the
amount on deposit therein is insufficient therefor, paid by the Master Servicer
as a Servicing Advance.

            (h) Notwithstanding the provisions of the related Mortgage and any
other provision of this Agreement, but otherwise in accordance with the
Servicing Standard, the Master Servicer shall not require any Borrower to obtain
insurance in excess of the amounts of coverage and deductibles heretofore
required by the applicable Mortgage Loan Seller in connection with the
origination of the related Loan (such amounts, with respect to each Loan, the
"Origination Required Insurance Amounts"), unless the Master Servicer
determines, in accordance with the Servicing Standard, that such Origination
Required Insurance Amounts would not be prudent for property of the same type as
the related Mortgaged Property. The Master Servicer shall require that each
policy of business income insurance maintained by a Borrower have a minimum term
of at least twelve months. The Depositor shall provide evidence to the Master
Servicer of the Origination Required Insurance Amounts for each Mortgaged
Property.

            (i) Within 45 days after the Closing Date, the Master Servicer shall
notify each Environmental Insurer that (A) both the Master Servicer and the
Special Servicer shall be sent notices under the Environmental Insurance Policy
and (B) the Trustee, on behalf of the Trust, shall be the loss payee under the
Environmental Insurance Policy. The Master Servicer and the Special Servicer
shall abide by the terms and conditions precedent to payment of claims under the
Environmental Insurance Policy and shall take all such action as may be required
to comply with the terms and provisions of such policy in order to maintain, in
full force and effect, such policy.

            (j) In the event the Master Servicer has actual knowledge of any
event (an "Insured Environmental Event") giving rise to a claim under any
Environmental Insurance Policy in respect of any Loan covered thereby, the
Master Servicer shall, in accordance with the terms of such Environmental
Insurance Policy and the Servicing Standards, timely make a claim thereunder
with the appropriate insurer and shall take such other actions in accordance
with the Servicing Standards which are necessary under such Environmental
Insurance Policy in order to realize the full value thereof for the benefit of
the Certificateholders. Any legal fees, premiums or other out-of-pocket costs
incurred in accordance with the Servicing Standards under an Environmental
Insurance Policy shall be paid by the Master Servicer and shall be reimbursable
to it as a Servicing Advance.

            In the event that the Master Servicer receives notice of any
termination of any Environmental Insurance Policy that relates to one or more of
the Loans, the Master Servicer shall, within three Business Days after receipt
of such notice, notify the Special Servicer, the Directing Certificateholder,
the Rating Agencies and the Trustee of such termination in writing. Upon receipt
of such notice, the Master Servicer or Special Servicer shall address such
termination in accordance with Section 3.07(a) in the same manner as it would
the termination of any other Insurance Policy required under the related Loan
documents.

            Section 3.08 Enforcement of Due-On-Sale and Due-On-Encumbrance
Clauses; Assumption Agreements; Defeasance Provisions; Other Provisions.

            (a) (i) As to each Loan which contains a provision in the nature of
a "due-on-sale" clause, which by its terms:

            (A) provides that such Loan shall (or may at the mortgagee's option)
      become due and payable upon the sale or other transfer of an interest in
      the related Mortgaged Property or the related Borrower or

            (B) provides that such Loan may not be assumed without the consent
      of the mortgagee in connection with any such sale or other transfer,

the Master Servicer shall provide notice to the Special Servicer of any request
for a waiver thereof, and the Master Servicer or the Special Servicer, as
applicable, shall enforce such due-on-sale clause, unless the Master Servicer or
the Special Servicer, as applicable, determines, in accordance with the
Servicing Standard, and with the consent of the Directing Certificateholder,
that (1) not declaring an Event of Default (as defined in the related Mortgage)
or (2) granting such consent would be likely to result in a greater recovery (or
an equal recovery, provided the other conditions for an assumption or waiver of
a due-on-sale clause are met), on a present value basis (discounting at the
related Mortgage Rate), than would enforcement of such clause or the failure to
grant such consent. If the Master Servicer or the Special Servicer, as
applicable, determines that (1) not declaring an Event of Default (as defined in
the related Mortgage) or (2) granting such consent would be likely to result in
a greater recovery (or an equal recovery, provided the other conditions for an
assumption or waiver of a due-on-sale clause are met), the Master Servicer or
the Special Servicer, as applicable, shall take or enter into an assumption
agreement from or with the proposed transferee as obligor thereon, provided that
(x) the credit status of the prospective transferee is in compliance with the
Servicing Standard and the terms of the related Mortgage and (y) with respect to
any Loan which is a Significant Loan, the Master Servicer or the Special
Servicer, as applicable, shall have received written confirmation from each of
the Rating Agencies that such assumption would not, in and of itself, cause a
downgrade, qualification or withdrawal of any of the then-current ratings
assigned to the Certificates or, if such Loan is the Westfarms Mall Loan, the
certificates issued pursuant to the securitization containing the Companion
Loan. The Master Servicer or the Special Servicer, as applicable, shall use
reasonable efforts to cause the related Borrower to pay the costs of such
confirmation, otherwise, such costs shall be a Trust Fund expense.

                  (ii) Neither the Master Servicer nor the Special Servicer
            shall (x) consent to the foreclosure of any Mezzanine Loan other
            than by a Permitted Mezzanine Loan Holder or (y) consent to the
            transfer of any Mezzanine Loan except to a Permitted Mezzanine Loan
            Holder, except, in each case, as otherwise provided in Section
            3.08(a)(i). Neither the consent of the Master Servicer nor the
            consent of the Special Servicer shall be required for the
            foreclosure by a Permitted Mezzanine Loan Holder if an event of
            default has been declared under the related Loan (and each Rating
            Agency has been notified of such event of default), if so provided
            in the related intercreditor agreement.

            (b) As to each Loan which contains a provision in the nature of a
"due-on-encumbrance" clause, which by its terms:

                  (i) provides that such Loan shall (or, at the mortgagee's
            option, may) become due and payable upon the creation of any
            additional lien or other encumbrance on the related Mortgaged
            Property or

                  (ii) requires the consent of the mortgagee to the creation of
            any such additional lien or other encumbrance on the related
            Mortgaged Property,

the Master Servicer shall provide notice to the Special Servicer of any request
for a waiver thereof, and the Master Servicer or the Special Servicer, as
applicable, shall enforce such due-on-encumbrance clause and in connection
therewith shall (i) accelerate payments thereon or (ii) withhold its consent to
such lien or encumbrance unless the Master Servicer or the Special Servicer, as
applicable, (x) determines, in accordance with the Servicing Standard, and with
the consent of the Directing Certificateholder, that (1) not accelerating
payments on such Loan or (2) granting such consent would result in a greater
recovery on a present value basis (discounting at the related Mortgage Rate)
than would enforcement of such clause or the failure to grant such consent and
(y) with respect to any Loan which is a Significant Loan, receives prior written
confirmation from each of the Rating Agencies that (1) not accelerating such
payments or (2) granting such consent would not, in and of itself, cause a
downgrade, qualification or withdrawal of any of the then-current ratings
assigned to the Certificates. To the extent permitted by the Loan Documents, the
Master Servicer or the Special Servicer, as applicable, will require Borrower to
pay the costs associated with such Rating Agency confirmation, otherwise it is
considered a Trust Fund expense.

            (c) Notwithstanding the foregoing subsections (a) and (b), the
Master Servicer shall not waive any rights under a "due-on-sale" or
"due-on-encumbrance" clause with respect to any Mortgage Loan unless (i) the
Master Servicer shall have notified the Special Servicer of such waiver, (ii)
the Master Servicer shall have submitted the Master Servicer's written
recommendation and analysis to the Special Servicer, (iii) the Master Servicer
shall have submitted to the Special Servicer the documents within the possession
of the Master Servicer that are reasonably requested by the Special Servicer,
(iv) the Special Servicer shall have approved such waiver (which approval shall
be deemed granted if not denied within 15 Business Days of its receipt of the
Master Servicer's recommendation and any additional documents and information
that the Special Servicer may reasonably request), notified the Directing
Certificateholder of the request for the waiver and of its own approval and
submitted to the Directing Certificateholder each of the documents submitted to
the Special Servicer by the Master Servicer and (v) the Directing
Certificateholder shall have informed the Special Servicer that it has approved
such waiver; provided, however, that the Special Servicer shall advise the
Directing Certificateholder of its approval (if any) of such waiver promptly
(but in no case to exceed 10 Business Days) following its receipt of such
notice, recommendations, analysis, and reasonably requested documents from the
Master Servicer; and, provided, further, that if the Directing Certificateholder
does not reject such recommendation within 5 Business Days of its receipt of the
Special Servicer's recommendation and any additional documents and information
that the Directing Certificateholder may reasonably request, then the waiver
shall be deemed approved.

            (d) Nothing in this Section 3.08 shall constitute a waiver of the
Trustee's right, as the mortgagee of record, to receive notice of any assumption
of a Loan, any sale or other transfer of the related Mortgaged Property or the
creation of any additional lien or other encumbrance with respect to such
Mortgaged Property.

            (e) Except as otherwise permitted by Section 3.20, the Special
Servicer shall not agree to modify, waive or amend any term of any Loan in
connection with the taking of, or the failure to take, any action pursuant to
this Section 3.08.

            (f) Notwithstanding any other provisions of this Section 3.08, the
Master Servicer may grant a Borrower's request for consent to subject the
related Mortgaged Property to an easement or right-of-way for utilities, access,
parking, public improvements or another purpose and may consent to subordination
of the related Loan to such easement or right-of-way, provided that the Master
Servicer shall have determined (i) in accordance with the Servicing Standard
that such easement or right-of-way will not materially interfere with the
then-current use of the related Mortgaged Property or the security intended to
be provided by such Mortgage and will not materially or adversely affect the
value of such Mortgaged Property and (ii) that no Trust REMIC will fail to
qualify as a REMIC as a result thereof and that no tax on "prohibited
transactions" or "contributions" after the Closing Date would be imposed on any
Trust REMIC as a result thereof, provided further that the Master Servicer shall
cause the Borrower to pay the costs (including attorneys' fees and expenses)
associated with the determination described in clause (ii).

            (g) With respect to any Loan, Companion Loan or B Note which permits
release of Mortgaged Properties through defeasance (each, a "Defeasance Loan"),
to the extent permitted under the related Loan Documents:

                  (i) The Master Servicer shall effect such defeasance only
            through the purchase of direct, non-callable U.S. government
            obligations satisfying the REMIC Provisions ("Defeasance
            Collateral") which purchase shall be made in accordance with the
            terms of such Defeasance Loan (except that the Master Servicer is
            authorized to accept Defeasance Collateral meeting the foregoing
            requirements in spite of more restrictive requirements of the
            related Loan Documents); provided, however, that the Master Servicer
            shall not accept the amounts paid by the related Borrower to effect
            defeasance until such Defeasance Collateral has been identified and
            provided, further, that no defeasance shall be accepted within two
            years after the Closing Date.

                  (ii) If such Loan, Companion Loan or B Note permits the
            assumption of the obligations of the related Borrower by a successor
            Borrower, the Master Servicer shall cause the Borrower or such
            successor Borrower to pay all expenses incurred in connection with
            the establishment of a successor Borrower that shall be a
            Single-Purpose Entity and to cause an assumption by such successor
            Borrower of the defeased obligations under the related Note. At
            Borrower's expense, the Master Servicer shall be permitted to
            establish a single Single-Purpose Entity to assume the defeased
            obligations under all of the Loans, Companion Loan or B Note that
            have been defeased.

                  (iii) The Master Servicer shall cause to be delivered an
            Opinion of Counsel, at such Borrower's expense, to the effect that
            the assignment of the Defeasance Collateral to the Trustee is valid
            and enforceable (subject to certain customary limitations).

                  (iv) The Master Servicer shall obtain, at the related
            Borrower's expense, a certificate from an Independent certified
            public accountant certifying that the Defeasance Collateral is
            sufficient to make all scheduled payments under the related Note.

                  (v) Prior to permitting release of any Mortgaged Property
            through defeasance, if such defeasance is a partial defeasance or
            such Mortgaged Property relates to (A) a Loan, Companion Loan or B
            Note that is (x) a Loan, Companion Loan or B Note, (y) part of a
            group of Crossed Loans or (z) part of a group of Loans made to
            affiliated Borrowers that, in each case, in the aggregate,
            represents one of the ten largest loans (which for the purposes of
            this definition shall include groups of Crossed Loans and groups of
            Loans made to affiliated Borrowers), the Master Servicer shall
            obtain, at the expense of the related Borrower, written confirmation
            from Moody's that such defeasance would not, in and of itself,
            result in a downgrade, qualification or withdrawal of any of the
            then-current ratings assigned to the Certificates, (B) any Loan,
            Companion Loan or B Note, the Master Servicer shall obtain, at the
            expense of the related Borrower, written confirmation from Fitch
            that such defeasance would not, in and of itself, result in a
            downgrade, qualification or withdrawal of any of the then-current
            ratings assigned to the Certificates and (C) the Westfarms Mall
            Total Loan, the Master Servicer shall obtain, at the expense of the
            related Borrower, written confirmation from S&P that such defeasance
            would not, in and of itself, result in a downgrade, qualification or
            withdrawal of any of the then-current ratings assigned to the
            certificates issued pursuant to the securitization containing the
            Companion Loan.

                  (vi) Neither the Master Servicer nor the Special Servicer
            shall permit the release of any Mortgaged Property through
            defeasance unless the related Borrower establishes to the
            satisfaction of the Master Servicer or the Special Servicer that the
            lien on such Mortgaged Property will be released to facilitate the
            disposition thereof or to facilitate any other customary commercial
            transaction.

                  (vii) Prior to permitting release of any Mortgaged Property
            through defeasance, if the related Loan so requires and provides for
            the related Borrower to pay the cost thereof, the Master Servicer
            shall require such Borrower to deliver or cause to be delivered an
            Opinion of Counsel to the effect that such release will not cause
            any Trust REMIC to fail to qualify as a REMIC at any time that any
            Certificates are outstanding or cause a tax to be imposed on the
            Trust Fund or any Trust REMIC or any REMIC formed under the
            securitization which contains the Companion Loan under the REMIC
            Provisions.

                  (viii) Neither the Master Servicer nor the Special Servicer
            shall permit a partial defeasance with respect to any Loan,
            Companion Loan or B Note unless the value of the Defeasance
            Collateral is at least the amount required pursuant to the related
            Loan Documents with respect to such partial defeasance.

To the extent not prohibited under the related Loan Documents, any costs to the
Master Servicer of obtaining legal advice to make the determinations required to
be made by it pursuant to this Section 3.08(g), or obtaining the Rating Agency
confirmations required by this Section 3.08(g), shall be borne by the related
Borrower as a condition to the Master Servicer's obligation to effect the
defeasance of the related Loan, Companion Loan or B Note or advanced as a
Servicing Advance by the Master Servicer, and otherwise shall be a Trust Fund
expense. The Master Servicer shall deliver all documents relating to the
defeasance of the related Loan to the Trustee for inclusion in the related
Mortgage File.

            (h) [Reserved].

            (i) With respect to any Loan that permits the related Borrower to
incur subordinate indebtedness secured by the related Mortgaged Property, the
Special Servicer shall enforce the rights of the lender, if any, under the Loan
Documents to require such Borrower to require the lender of such subordinate
indebtedness to enter into a subordination and standstill agreement with the
lender. The Master Servicer shall receive any such request from Borrower, and
shall forward its analysis and recommendation to the Special Servicer. The
Special Servicer shall approve any such recommendation (which approval shall be
deemed granted if not denied within 15 Business Days of its receipt of the
Master Servicer's recommendation and any additional documents and information
that the Special Servicer may reasonably request) and promptly (in any event,
within not more than 10 Business Days of its receipt of the Master Servicer's
recommendation and any additional documents and information that the Special
Servicer may reasonably request) forward such analysis and recommendation to
Directing Certificateholder, who shall approve or reject such recommendation.
The Directing Certificateholder shall be deemed to have approved such
recommendation if not denied within 5 Business Days of its receipt of the
Special Servicer's recommendation and any additional documents and information
that the Directing Certificateholder may reasonably request. The Master Servicer
shall then process such documentation.

            (j) With respect to any Loan or Companion Loan, subject to the
related Loan Documents, neither the Master Servicer nor the Special Servicer
shall permit the related Borrower to substitute any real property, any rights
with respect to real property, or any other property interest whatsoever for the
Mortgaged Property securing such Loan as of the Closing Date without receipt of
an Opinion of Counsel, at the expense of the Borrower, to the effect that the
substitution will not cause the related Loan or Companion Loan, as applicable,
to fail to qualify as a "qualified mortgage" as defined under Section 860G(a)(3)
of the Code while such Loan is owned by the Lower-Tier REMIC or while the
Companion Loan is owned by a REMIC.

            Section 3.09 Realization Upon Defaulted Loans.

            (a) The Special Servicer shall, subject to subsections (b) through
(d) of this Section 3.09, exercise reasonable efforts, consistent with the
Servicing Standard, to foreclose upon or otherwise comparably convert (which may
include an REO Acquisition) the ownership of any property securing such Loans,
the Companion Loan or the B Note as come into and continue in default as to
which no satisfactory arrangements can be made for collection of delinquent
payments, and which are not released from the Trust Fund pursuant to any other
provision hereof. In any case in which a Mortgaged Property shall have suffered
damage such that the complete restoration of such property is not fully
reimbursable by the hazard insurance policies or flood insurance policies
required to be maintained pursuant to Section 3.07, the Master Servicer shall
not be required to make a Servicing Advance and expend funds toward the
restoration of such property unless the Special Servicer has determined in its
reasonable judgment in accordance with the Servicing Standard that such
restoration will increase the net proceeds of liquidation of such Mortgaged
Property to Certificateholders (and the holder of the related B Note if in
connection with the Westfarms Mall Total Loan and the holder of the related
Companion Loan if in connection with a Loan Pair, taken as a collective whole)
after reimbursement to the Master Servicer for such Servicing Advance and
interest thereon and the Master Servicer has determined that such Servicing
Advance together with accrued and unpaid interest thereon will be recoverable by
the Master Servicer out of the proceeds of liquidation of such Mortgaged
Property, as contemplated in Section 3.05(a)(v). The Master Servicer shall be
responsible for all costs and expenses incurred by the Special Servicer in any
such proceedings (such costs and expenses to be advanced by the Master Servicer
to the Special Servicer and recoverable by the Master Servicer as a Servicing
Advance), provided that, in each case, such cost or expense would not, if
incurred, constitute a Nonrecoverable Servicing Advance. The Master Servicer may
pay out of the Collection Account as an expense of the Trust Fund costs or
expenses that would otherwise be determined to be a Nonrecoverable Servicing
Advance if it determines in accordance with the Servicing Standard (or at the
request of the Special Servicer, who has determined in accordance with the
Servicing Standard and upon which determination the Master Servicer may rely)
that expending such funds would be in the best interests of and for the benefit
of the Certificateholders (and in the case of any Companion Loan or B Note, the
related holder of the Companion Loan or B Note, as applicable, taken as a
collective whole, provided that such holder of the Companion Loan and B Note
agree to reimburse their pro rata share of such payment).

            Nothing contained in this Section 3.09 shall be construed to require
the Special Servicer, on behalf of the Trust Fund, to make a bid on any
Mortgaged Property at a foreclosure sale or similar proceeding that is in excess
of the fair market value of such property, as determined by the Special Servicer
in its reasonable judgment taking into account, as applicable, among other
factors, the period and amount of any delinquency on the affected Loan, the
occupancy level and physical condition of the Mortgaged Property or REO
Property, the state of the local economy, the obligation to dispose of any REO
Property within the time period specified in Section 3.16(a) and the results of
any Appraisal obtained pursuant to the following sentence, all such bids to be
made in a manner consistent with the Servicing Standard. If and when the Special
Servicer deems it necessary and prudent for purposes of establishing the fair
market value of any Mortgaged Property securing a Defaulted Loan, whether for
purposes of bidding at foreclosure or otherwise, the Special Servicer is
authorized to have an Appraisal performed with respect to such property, the
cost of which Appraisal shall be paid by the Master Servicer as a Servicing
Advance.

            (b) The Special Servicer shall not acquire any personal property
pursuant to this Section 3.09 unless either:

                  (i) such personal property is incident to real property
            (within the meaning of Section 856(e)(1) of the Code) so acquired by
            the Special Servicer; or

                  (ii) the Special Servicer shall have obtained an Opinion of
            Counsel (the cost of which shall be a Servicing Advance) to the
            effect that the holding of such personal property by the Trust Fund
            will not cause the imposition of a tax on any Trust REMIC under the
            REMIC Provisions or cause any Trust REMIC to fail to qualify as a
            REMIC at any time that any Uncertificated Lower-Tier Interest or
            Certificate is outstanding.

            (c) Notwithstanding the foregoing provisions of this Section 3.09,
the Special Servicer shall not, on behalf of the Trustee, obtain title to a
Mortgaged Property in lieu of foreclosure or otherwise, or take any other action
with respect to any Mortgaged Property, if, as a result of any such action, the
Trustee, on behalf of the Certificateholders, would be considered to hold title
to, to be a "mortgagee-in-possession" of, or to be an "owner" or "operator" of
such Mortgaged Property within the meaning of CERCLA or any comparable law,
unless (as evidenced by an Officer's Certificate to such effect delivered to the
Trustee) the Special Servicer has previously determined in accordance with the
Servicing Standard, based on an Environmental Assessment of such Mortgaged
Property performed within the preceding 12 months by an Independent Person who
regularly conducts Environmental Assessments and/or the existence of an
Environmental Insurance Policy covering such Mortgaged Property, that:

                  (i) the Mortgaged Property is in compliance with applicable
            environmental laws and regulations or, if not, that taking such
            actions as are necessary to bring the Mortgaged Property in
            compliance therewith is reasonably likely to produce a greater
            recovery on a present value basis than not taking such actions; and

                  (ii) there are no circumstances or conditions present at the
            Mortgaged Property relating to the use, management or disposal of
            Hazardous Materials for which investigation, testing, monitoring,
            containment, clean-up or remediation could be required under any
            applicable environmental laws and regulations or, if such
            circumstances or conditions are present for which any such action
            could be required, that taking such actions with respect to such
            Mortgaged Property is reasonably likely to produce a greater
            recovery on a present value basis than not taking such actions.

            The cost of any such Environmental Assessment and the cost of any
remedial, corrective or other further action contemplated by clause (i) and/or
clause (ii) of the preceding sentence shall be paid by the Master Servicer as a
Servicing Advance. If any such Environmental Assessment so warrants, the Special
Servicer shall, at the expense of the Trust Fund, perform such additional
environmental testing as it deems necessary and prudent to determine whether the
conditions described in clauses (i) and (ii) of the second preceding sentence
have been satisfied.

            (d) If (i) the environmental testing contemplated by subsection (c)
above establishes that either of the conditions set forth in clauses (i) and
(ii) of the first sentence thereof has not been satisfied with respect to any
Mortgaged Property securing a Defaulted Loan and (ii) there has been no breach
of any of the representations and warranties set forth in or required to be made
pursuant to Section 6 of the related Mortgage Loan Purchase Agreement for which
the related Mortgage Loan Seller could be required to repurchase such Defaulted
Loan pursuant to Section 7 of the related Mortgage Loan Purchase Agreement, then
the Special Servicer shall take such action as it deems to be in the best
economic interest of the Trust Fund (and the holder of the related B Note if in
connection with the Westfarms Mall Total Loan and the holder of the related
Companion Loan if in connection with a Loan Pair, taken as a collective whole)
and consistent with the Servicing Standard (other than proceeding to acquire
title to the Mortgaged Property) and is hereby authorized at such time as it
deems appropriate to release such Mortgaged Property from the lien of the
related Mortgage.

            (e) The Special Servicer shall provide written reports and a copy of
any Environmental Assessments to the Trustee, the Master Servicer and the
Directing Certificateholder and any Requesting Subordinate Certificateholder (at
the expense of such requesting Holder) monthly regarding any actions taken by
the Special Servicer with respect to any Mortgaged Property securing a Defaulted
Loan as to which the environmental testing contemplated in subsection (c) above
has revealed that either of the conditions set forth in clauses (i) and (ii) of
the first sentence thereof has not been satisfied, in each case until the
earlier to occur of satisfaction of both such conditions, repurchase of the
related Loan by the related Mortgage Loan Seller or release of the lien of the
related Mortgage on such Mortgaged Property. The Trustee shall, upon request,
forward all such reports to the Certificateholders (at the expense of the
requesting party) and each Rating Agency.

            (f) The Master Servicer shall report to the Internal Revenue Service
and the related Borrower, in the manner required by applicable law, the
information required to be reported regarding any Mortgaged Property related to
a Loan that it is required to service and which is abandoned or foreclosed, the
receipt of mortgage interests received in a trade or business and the
forgiveness of indebtedness with respect to any mortgaged property required by
Sections 6050J, 6050H and 6050P, respectively, of the Code. The Special Servicer
shall provide the Master Servicer with such information or reports as the Master
Servicer deems necessary to fulfill its obligations under this Section 3.09(f)
promptly upon the Master Servicer's request therefor. The Master Servicer shall
deliver a copy of any such report to the Trustee and the Special Servicer.

            (g) The Special Servicer shall have the right to determine, in
accordance with the Servicing Standard, the advisability of the maintenance of
an action to obtain a deficiency judgment if the state in which the Mortgaged
Property is located and the terms of the Loan permit such an action.

            (h) The Special Servicer shall maintain accurate records, prepared
by one of its Servicing Officers, of each Final Recovery Determination in
respect of a Defaulted Loan or REO Property and the basis thereof. Each Final
Recovery Determination shall be evidenced by an Officer's Certificate delivered
to the Trustee and the Master Servicer no later than the next succeeding P&I
Advance Determination Date.

            Section 3.10 Trustee to Cooperate; Release of Mortgage Files.

            (a) Upon the payment in full of any Loan, the purchase of an A Note
by the holder of a B Note pursuant to the A/B Mortgage Loan Intercreditor
Agreement, or the receipt by the Master Servicer or the Special Servicer, as the
case may be, of a notification that payment in full shall be escrowed in a
manner customary for such purposes, the Master Servicer or Special Servicer, as
the case may be, will immediately notify the Trustee and request delivery of the
related Mortgage File. Any such notice and request shall be in the form of a
Request for Release (and shall include two copies) signed by a Servicing Officer
(or in a mutually agreeable electronic format that will, in lieu of a signature
on its face, originate from a Servicing Officer) and shall include a statement
to the effect that all amounts received or to be received in connection with
such payment which are required to be deposited in the Collection Account
pursuant to Section 3.04(a) or remitted to the Master Servicer to enable such
deposit, have been or will be so deposited. Within six Business Days (or within
such shorter period as release can reasonably be accomplished if the Master
Servicer notifies the Trustee of an exigency) of receipt of such notice and
request, the Trustee (or, to the extent provided in Section 3.01(b), the Master
Servicer or the Special Servicer, as applicable) shall execute such instruments
of satisfaction, deeds of reconveyance and other documents as shall have been
furnished to it by the Master Servicer, and the Trustee shall release and
deliver the related Mortgage File to the Master Servicer or Special Servicer, as
the case may be. No expenses incurred in connection with any instrument of
satisfaction or deed of reconveyance shall be chargeable to the Collection
Account.

            (b) From time to time as is appropriate for servicing or foreclosure
of any Loan, Companion Loan or B Note, the Master Servicer or the Special
Servicer shall deliver to the Trustee two copies of a Request for Release signed
by a Servicing Officer (or in a mutually agreeable electronic format that will,
in lieu of a signature on its face, originate from a Servicing Officer). Upon
receipt of the foregoing, the Trustee shall deliver the Mortgage File or any
document therein to the Master Servicer or the Special Servicer (or a designee),
as the case may be. Upon return of the Mortgage File to the Trustee, the Trustee
shall execute an acknowledgment of receipt.

            (c) Within seven Business Days (or within such shorter period as
delivery can reasonably be accomplished if the Special Servicer notifies the
Trustee of an exigency) of receipt thereof, the Trustee shall execute and
deliver to the Special Servicer any court pleadings, requests for trustee's sale
or other documents necessary to the release of a Loan, Companion Loan, B Note or
REO Loan, or to foreclosure or trustee's sale in respect of a Mortgaged Property
or to any legal action brought to obtain judgment against any Borrower on the
Note or Mortgage or to obtain a deficiency judgment, or to enforce any other
remedies or rights provided by the Note or Mortgage or otherwise available at
law or in equity. The Special Servicer shall be responsible for the preparation
of all such documents and pleadings. When submitted to the Trustee for
signature, such documents or pleadings shall be accompanied by a certificate of
a Servicing Officer requesting that such pleadings or documents be executed by
the Trustee and certifying as to the reason such documents or pleadings are
required, that the proposed action is in the best interest of the
Certificateholders (and the holder of the related B Note if in connection with
the Westfarms Mall Total Loan and the holder of the related Companion Loan if in
connection with a Loan Pair) and that the execution and delivery thereof by the
Trustee will not invalidate or otherwise affect the lien of the Mortgage, except
for the termination of such a lien upon completion of the foreclosure or
trustee's sale.

            Section 3.11 Servicing Compensation.

            (a) As compensation for its activities hereunder, the Master
Servicer shall be entitled to receive the Master Servicing Fee (subject to the
third and last paragraphs of this Section 3.11(a)) with respect to each Loan and
REO Loan (including Specially Serviced Loans, Defeasance Loans and Additional
Collateral Loans) required to be serviced by it at the applicable Master
Servicing Fee Rate. The Master Servicing Fee with respect to any Loan or REO
Loan shall cease to accrue if a Liquidation Event occurs in respect thereof. The
Master Servicing Fee shall be payable monthly, on a loan-by-loan basis, from
payments of interest on each Loan and REO Revenues allocable as interest on each
REO Loan. In no event will the Master Servicer or any Primary Servicer be
entitled to retain a servicing fee from the amount of any P&I Advance,
regardless of whether the related Borrower is obligated to reimburse Master
Servicing Fees or Primary Servicing Fees.

            The Master Servicer, on behalf of itself, the holder of the Excess
Servicing Strip and the Assignable Primary Servicing Fee and any Primary
Servicer, shall be entitled to recover unpaid Master Servicing Fees and Primary
Servicing Fees in respect of any Loan, Companion Loan or REO Loan (including any
Specially Serviced Loan, Defeasance Loan or Additional Collateral Loan) required
to be serviced by it out of that portion of related payments, Insurance and
Condemnation Proceeds, Liquidation Proceeds and REO Revenues (in the case of an
REO Loan) allocable as recoveries of interest, to the extent permitted by
Section 3.05(a). Subject to the third, sixth and last paragraphs of this Section
3.11(a), the right to receive the Master Servicing Fee (and, except to the
extent set forth in the Primary Servicing Agreement with respect to a Primary
Servicer and except as set forth in this Section 3.11(a), the related Primary
Servicing Fee) may not be transferred in whole or in part except in connection
with the transfer of all of the Master Servicer's responsibilities and
obligations under this Agreement. The parties hereto acknowledge that the annual
fees of each Rating Agency allocable to the CSFB Loans and the PNC Loans have
been paid on or prior to the Closing Date by the CSFB Mortgage Loan Seller.

            Notwithstanding anything herein to the contrary, Midland (and its
successors and assigns) may at its option assign or pledge to any third party or
retain for itself the Excess Servicing Strip and the Assignable Primary
Servicing Fee; provided, however, that in the event of any resignation or
termination of Midland, all or any portion of the Excess Servicing Strip and/or
the Assignable Primary Servicing Fee may be reduced by the Trustee to the extent
reasonably necessary (in the sole discretion of the Trustee) for the Trustee to
obtain a qualified successor Master Servicer and Primary Servicer with respect
to the Loans being primarily serviced by Midland (which successor may include
the Trustee) that meets the requirements of Section 6.4 and that requires market
rate servicing compensation that accrues at a per annum rate in excess of 0.005%
(0.50 basis points). The Master Servicer shall pay the Excess Servicing Strip
and the Assignable Primary Servicing Fee to the holder of the Excess Servicing
Strip and the Assignable Primary Servicing Fee (i.e., Midland or any such third
party) at such time and to the extent the Master Servicer is entitled to receive
payment of its Master Servicing Fees hereunder, notwithstanding any resignation
or termination of Midland hereunder (subject to reduction pursuant to the
preceding sentence).

            Additional servicing compensation ("Additional Servicing
Compensation") in the form of (i) 100% of all assumption application fees and
50% of all assumption fees paid by the Borrowers on all Loans and the Westfarms
Mall Total Loan that are not Specially Serviced Loans (but only to the extent
that all amounts then due and payable with respect to such Loans have been
paid), (ii) all Penalty Charges actually collected on each Loan and the
Companion Loan (other than Specially Serviced Loans) but only to the extent that
(a) all amounts then due and payable with respect to such Loan or Companion Loan
(including outstanding interest on all Advances accrued with respect to such
Loan or Companion Loan (including, with respect to Penalty Charges collected on
the Westfarms Mall Total Loan, interest on Advances made by the holder (or any
servicer) of the Companion Loan for the Westfarms Mall Total Loan)) have been
paid, (b) the Trust Fund has been reimbursed with respect to any Advances made
with respect to such Loan or Companion Loan, together with interest thereon if
such interest was paid to the Master Servicer, the holder (or any servicer) of
the Companion Loan, the Trustee or the Fiscal Agent, as applicable, from a
source of funds other than Penalty Charges collected on such Loan or Companion
Loan, and (c) the Trust Fund has been reimbursed for any Additional Trust Fund
Expenses incurred since the Closing Date with respect to such Loan or Companion
Loan and previously paid from a source other than Penalty Charges on such Loan
or Companion Loan, (iii) charges for beneficiary statements or demands and
amounts collected for checks returned for insufficient funds, (iv) all
commercially reasonable fees actually collected on or with respect to Loan or
Companion Loan modifications for which the Master Servicer is responsible
pursuant to Section 3.20 (but only to the extent that all amounts then due and
payable after giving effect to any modification with respect to the related Loan
or Companion Loan have been paid), (v) reasonable and customary consent fees and
fees in connection with defeasance, if any, and (vi) other customary charges, in
each case only to the extent actually paid by the related Borrower, shall be
retained by the Master Servicer and shall not be required to be deposited in the
Collection Account maintained by the Master Servicer pursuant to Section
3.04(a). Notwithstanding anything to the contrary in clause (ii) of the first
sentence of this paragraph or in the last paragraph of Section 3.11(b), (x) the
Master Servicer shall be entitled to that portion, if any, of a Penalty Charge
collected on a Specially Serviced Loan that accrued prior to the related
Servicing Transfer Event and (y) if the Special Servicer has partially waived
any Penalty Charge part of which accrued prior to the related Servicing Transfer
Event, any collections in respect of such Penalty Charge shall be shared pro
rata by the Master Servicer and the Special Servicer based on the respective
portions of such Penalty Charge to which they would otherwise have been
entitled. With respect to Loans which are not Specially Serviced Loans, any fees
payable by the related Borrower with respect to the servicing activities set
forth in Sections 3.08(a), 3.08(b), 3.08(i), 3.20(a)(ii) and 3.29(d), shall be
considered Additional Servicing Compensation, and such fees that are in the
nature of an application fee shall be payable entirely to the Master Servicer
and any fee payable by the Borrower upon the completion of the servicing
activities set forth in such section shall be shared equally by the Master
Servicer and the Special Servicer.

            The Master Servicer also shall be entitled to additional servicing
compensation in the form of: (i) interest or other income earned on deposits
relating to the Trust Fund in the Collection Account, maintained by the Master
Servicer in accordance with Section 3.06(b) (but only to the extent of the Net
Investment Earnings, if any, with respect to each such account); (ii) interest
earned on deposits in any Cash Collateral Account, any Lockbox Account and the
Servicing Accounts maintained by the Master Servicer that is not required by
applicable law or the related Loan to be paid to the Borrower; and (iii)
collections representing Prepayment Interest Excess for any Distribution Date
(except to the extent necessary to offset Prepayment Interest Shortfalls for
such Distribution Date).

            Midland (and its successors and assigns) shall also be entitled to
receive all Primary Servicing Fees on any Loan, Companion Loan and REO Loan
(including any Specially Serviced Loan, Additional Collateral Loan and
Defeasance Loan) which is not serviced by a Primary Servicer, computed on the
basis of the related Stated Principal Balance and for the same period and in the
same manner respecting which any related interest payment due (or deemed to be
due) on the related Loan or Companion Loan is computed. The right of Midland
(and its successors and assigns) to receive such Primary Servicing Fees in
accordance with the provisions hereof shall not be terminated under any
circumstance, including transfer of the servicing or subservicing of the Loans
to another entity or the termination of the Master Servicer, except to the
extent that any portion of such Primary Servicing Fee is needed (as determined
by the Trustee in its discretion) to compensate any replacement primary servicer
for assuming the duties of Midland as Primary Servicer under this Agreement.
Midland (and its successors and assigns) shall be permitted to assign such
Primary Servicing Fees to any party without restriction, subject to the
exception in the immediately preceding sentence. Notwithstanding the foregoing,
each Primary Servicer shall be entitled to all Primary Servicing Fees on all
Loans serviced under the applicable Primary Servicing Agreement, whether or not
any of such Loans shall become Specially Serviced Loans.

            Except as specifically provided herein, the Master Servicer shall be
required to pay out of its own funds all expenses incurred by it in connection
with its servicing activities hereunder (including, without limitation, payment
of any amounts due for premiums for any blanket Insurance Policy insuring
against hazard losses pursuant to Section 3.07), if and to the extent such
expenses are not payable directly out of the Collection Account, and the Master
Servicer shall not be entitled to reimbursement therefor except as expressly
provided in this Agreement.

            In the event that Midland is terminated or resigns as Master
Servicer, it (and its successors and assigns) will be entitled to retain the
Excess Servicing Strip and the Assignable Primary Servicing Fee, except to the
extent that any portion of such Excess Servicing Strip or the Assignable Primary
Servicing Fee is needed (as determined by the Trustee in its discretion) to
compensate any replacement Master Servicer for assuming the duties of Midland
under this Agreement.

            (b) As compensation for its activities hereunder, the Special
Servicer shall be entitled to receive the Special Servicing Fee with respect to
each Specially Serviced Loan and REO Loan. As to each such Specially Serviced
Loan and REO Loan, the Special Servicing Fee shall accrue at the Special
Servicing Fee Rate (in accordance with the same terms of the related Note as are
applicable to the accrual of interest at the Mortgage Rate) and shall be
computed on the basis of the Stated Principal Balance of such Specially Serviced
Loan and for the same period respecting which any related interest payment due
on such Specially Serviced Loan or deemed to be due on such REO Loan is
computed. The Special Servicing Fee with respect to any Specially Serviced Loan
or REO Loan shall cease to accrue if a Liquidation Event occurs in respect
thereof. The Special Servicing Fee shall be payable monthly, on a loan-by-loan
basis, to the extent permitted by Section 3.05(a). The right to receive the
Special Servicing Fee may not be transferred in whole or in part except in
connection with the transfer of all of the Special Servicer's responsibilities
and obligations under this Agreement.

            Additional servicing compensation in the form of (i) all assumption
application and assumption fees on all Specially Serviced Loans, (ii) one-half
of all assumption fees on any Loans other than Specially Serviced Loans and
(iii) all commercially reasonable extension fees and all fees received on or
with respect to Loan modifications for which the Special Servicer is responsible
pursuant to Section 3.20(a), but only to the extent actually collected from the
related Borrower and only to the extent that all amounts then due and payable
after giving effect to any modification with respect to the related Loan
(including those payable to the Master Servicer pursuant to Section 3.11(a))
have been paid, shall be promptly paid to the Special Servicer by the Master
Servicer and shall not be required to be deposited in the Collection Account
pursuant to Section 3.04(a).

            The Special Servicer shall also be entitled to additional servicing
compensation in the form of a Workout Fee with respect to each Corrected Loan at
the Workout Fee Rate. The "Workout Fee Rate" means 1.0% applied to each
collection of interest and principal (including scheduled payments, prepayments,
Balloon Payments, payments at maturity and payments received with respect to a
partial condemnation of a Mortgaged Property securing a Specially Serviced Loan)
received on such Loan for so long as it remains a Corrected Loan. The Workout
Fee with respect to any Corrected Loan will cease to be payable if such Loan
again becomes a Specially Serviced Loan; provided that a new Workout Fee will
become payable if and when such Loan again becomes a Corrected Loan. If the
Special Servicer is terminated (other than for cause or by resignation), it
shall retain the right to receive any and all Workout Fees payable with respect
to Loans that became Corrected Loans during the period that it acted as Special
Servicer and were Corrected Loans at the time of such termination (and the
successor Special Servicer shall not be entitled to any portion of such Workout
Fees), in each case until the Workout Fee for any such loan ceases to be payable
in accordance with the terms hereof.

            A Liquidation Fee will be payable to the Special Servicer with
respect to each Specially Serviced Loan or REO Loan as to which the Special
Servicer receives any Liquidation Proceeds subject to the exceptions set forth
in the definition of Liquidation Fee. As to each Specially Serviced Loan or REO
Loan, the Liquidation Fee will be payable out of, and will be calculated by
application of a "Liquidation Fee Rate" of 1.0% of net liquidation proceeds
received with respect to such Specially Serviced Loan or REO Loan.

            Notwithstanding anything to the contrary described above, no
Liquidation Fee will be payable under the circumstances provided in the proviso
to the definition of Liquidation Fee. If, however, Liquidation Proceeds are
received with respect to any Corrected Loan and the Special Servicer is properly
entitled to a Workout Fee, such Workout Fee will be payable based on and out of
the portion of such Liquidation Proceeds that constitute principal and/or
interest on such Loan.

            The Special Servicer will also be entitled to additional fees in the
form of Penalty Charges on each Specially Serviced Loan (but only to the extent
actually collected from the related Borrower and to the extent that all amounts
then due and payable with respect to such Specially Serviced Loan (including
outstanding interest on all Advances accrued with respect to such Specially
Serviced Loan (including, with respect to Penalty Charges collected on the
Westfarms Mall Total Loan, interest on Advances made by the holder (or any
servicer) of the Companion Loan for the Westfarms Mall Total Loan) have been
paid. The Special Servicer shall be required to pay out of its own funds all
expenses incurred by it in connection with its servicing activities hereunder
(including, without limitation, payment of any amounts, other than management
fees in respect of REO Properties, due and owing to any of its Sub-Servicers and
the premiums for any blanket Insurance Policy obtained by it insuring against
hazard losses pursuant to Section 3.07), if and to the extent such expenses are
not payable directly out of the Collection Account or the REO Account, and the
Special Servicer shall not be entitled to reimbursement therefor except as
expressly provided in this Agreement.

            Section 3.12 Reports to the Trustee; Collection Account Statements.

            (a) The Master Servicer shall deliver to the Trustee and the Special
Servicer, no later than 1:00 p.m. New York City time on the second Business Day
prior to each Distribution Date beginning in August 2002, the CMSA Loan Periodic
Update File with respect to the related Distribution Date (which shall include,
without limitation, the Available Distribution Amount for its respective Loans)
including the anticipated P&I Advances and Servicing Advances for the related
Distribution Date and any accrued but unpaid interest on Advances. The Master
Servicer shall contemporaneously provide a copy of such report as it relates to
the Westfarms Mall Total Loan to the holder of the Companion Loan and the holder
of the B Note. As to each Loan, the Master Servicer shall provide to the Special
Servicer, by the close of business on each Distribution Date and in a mutually
agreeable electronic format, the amount of each outstanding Advance and the
interest accrued thereon as of such Distribution Date. The Master Servicer's
responsibilities under this Section 3.12(a) with respect to Specially Serviced
Loans and REO Loans shall be subject to the satisfaction of the Special
Servicer's obligations under Section 3.21.

            (b) For so long as the Master Servicer makes deposits into and
withdrawals from the Collection Account maintained by it, not later than 30 days
after each Distribution Date, the Master Servicer shall forward to the Trustee a
statement setting forth the status of its Collection Account (and, shall deliver
to each holder of a B Note and Companion Loan a statement setting forth the
status of the related A/B Loan Custodial Account and Companion Loan Custodial
Account) as of the close of business on the last Business Day of the related Due
Period showing the aggregate amount of deposits into and withdrawals from such
Collection Account (or, in the case of the Westfarms Mall Total Loan, the
aggregate amount of deposits into and withdrawals from the A/B Loan Custodial
Account and Companion Loan Custodial Account, respectively) of each category of
deposit specified in Section 3.04 and each category of withdrawal specified in
Section 3.05 for the related Due Period.

            (c) No later than 1:00 p.m. New York City time on each Master
Servicer Remittance Date beginning in October 2002, the Master Servicer shall
deliver or cause to be delivered to the Trustee the following reports (and, if
applicable, the related REO Properties, providing the required information as of
the related Determination Date): (i) a CMSA Comparative Financial Status Report,
(ii) a CMSA Delinquent Loan Status Report; (iii) a CMSA Historical Loan
Modification Report; (iv) a CMSA Historical Liquidation Report; (v) a CMSA REO
Status Report; and (vi) a CMSA Financial File. Such reports shall be in CMSA
format (as in effect from time to time) and shall be in an electronic format
reasonably acceptable to both the Trustee and the Master Servicer. The Master
Servicer and Special Servicer shall also deliver or cause to be delivered to the
Trustee and the Master Servicer on the Master Servicer Remittance Date, the CMSA
Property File. The Master Servicer shall contemporaneously provide a copy of
such reports as they relate to the Westfarms Mall Total Loan to the holder of
the Companion Loan.

            The reporting obligations of the Master Servicer in connection with
the Westfarms Mall Total Loan shall be construed to require the Master Servicer
to only provide information regarding the related A-1 Note only, but whenever
the Master Servicer remits funds to the holder of the related B Note or the
holder of the Companion Loan, it shall thereupon deliver to such holder a
remittance report identifying the amounts in such remittance. The Master
Servicer shall contemporaneously with any related delivery to the Trustee or the
Special Servicer, as applicable, provide any such reports which contain
information related to the Westfarms Mall Mortgaged Property or financial
information regarding the Westfarms Mall borrower to the holder of the Companion
Loan and the holder of the B Note.

            On the next Business Day succeeding the date received by the Master
Servicer from the Depositor, the Master Servicer shall deliver to the Trustee
the CMSA Loan Setup File.

            The information that pertains to Specially Serviced Loans and REO
Properties reflected in such reports shall be based solely upon the reports
delivered by the Special Servicer to the Master Servicer in writing and on a
computer readable medium reasonably acceptable to the Master Servicer and the
Special Servicer by 4:00 p.m. New York City time on the fourth Business Day
prior to the Master Servicer Remittance Date in CMSA format (as in effect from
time to time) or shall be provided by means of such reports so delivered by the
Special Servicer to the Master Servicer in the form so required. The Master
Servicer's responsibilities under this Section 3.12(c) with respect to REO Loans
and Specially Serviced Loans shall be subject to the satisfaction of the Special
Servicer's obligations under Section 3.12(f). In the absence of manifest error,
the Master Servicer shall be entitled to conclusively rely upon, without
investigation or inquiry, the information and reports delivered to it by the
Special Servicer, and the Trustee shall be entitled to conclusively rely upon
the Master Servicer's reports and the Special Servicer's reports without any
duty or obligation to recompute, verify or recalculate any of the amounts and
other information stated therein.

            (d)  The Master Servicer shall deliver or cause to be delivered to
the Trustee the following materials (and shall contemporaneously provide a copy
of such materials and related reports as they relate to the Westfarms Mall Total
Loan to the holder of the Companion Loan and the holder of the B Note), in each
case to the extent that such materials or the information on which they are
based are required to be delivered pursuant to the Loan Documents and have been
received by the Master Servicer:

                  (i) At least annually by May 31, commencing May 31, 2003, with
            respect to each Loan and REO Loan (to the extent prepared by and
            timely received from the Special Servicer in the case of any
            Specially Serviced Loan or REO Loan), a CMSA Operating Statement
            Analysis Report and CMSA NOI Adjustment Worksheet for the related
            Mortgaged Property or REO Property as of the end of the preceding
            fiscal year, together with copies of the operating statements and
            rent rolls (but only to the extent the related Borrower delivers
            such information to the Master Servicer and, with respect to
            operating statements and rent rolls for Specially Serviced Loans and
            REO Properties, to the extent timely delivered by the Special
            Servicer to the Master Servicer), for the related Mortgaged Property
            or REO Property as of the end of the preceding fiscal year.

            The Master Servicer shall use its reasonable efforts (but shall not
be required to institute litigation) to obtain quarterly and annual operating
statements, rent rolls with respect to each of such Loans, other than Specially
Serviced Loans or REO Loans, which efforts shall include sending a letter to the
related Borrower each quarter (followed up with telephone calls) requesting such
quarterly and annual operating statements, rent rolls and maintenance schedules
by no later than 60 days after such quarter, to the extent such action is
consistent with applicable law, the terms of such Loans and the Servicing
Standard. The Master Servicer shall deliver copies of all of the foregoing items
so collected to the Special Servicer, the Directing Certificateholder and any
Requesting Certificateholder (at the expense of such requesting Holder), and
upon request, the Trustee and the Depositor, (x) in the case of quarterly
operating statements and rent rolls, within the later of (A) 60 days after such
quarter and (B) 45 days following receipt of such operating statements and rent
rolls, and (y) in the case of annual operating statements and rent rolls, not
later than the later of (A) May 31 of each calendar year and (B) 45 days
following receipt of such operating statements and rent rolls

                  (ii) The Master Servicer shall maintain a CMSA Operating
            Statement Analysis Report for each Mortgaged Property securing each
            Loan (other than any such Mortgaged Property which is REO Property
            or constitutes security for a Specially Serviced Loan) that shall be
            updated by the Master Servicer and delivered to the Trustee within
            30 days after receipt by the Master Servicer of updated operating
            statements for such Mortgaged Property beginning in June 2002,
            provided that the Master Servicer shall not be required to update
            the CMSA Operating Statement Analysis Reports more often than
            quarterly or such other longer period as operating statements are
            required to be delivered to the lender by the Borrower pursuant to
            the Loan Documents.

            The Special Servicer will be required pursuant to Section 3.12(f) to
deliver in a reasonable electronic format to the Master Servicer the information
required pursuant to this Section 3.12(d) with respect to Specially Serviced
Loans and REO Loans on or before April 30 of each year, commencing on April 30,
2003, and within ten days after its receipt of any operating statement for any
related Mortgaged Property or REO Property.

            (e) No later than 1:00 p.m. New York City time on each Master
Servicer Remittance Date, the Master Servicer shall prepare and deliver to the
Trustee (and solely with respect to the Westfarms Mall Total Loan if it is
listed on the CMSA Servicer Watch List, the holder of the B Note and the holder
of the Companion Loan), the Rating Agencies and the Special Servicer, a CMSA
Servicer Watch List.

            The Special Servicer shall report to the Master Servicer any events
affecting, or which may affect, the most recent CMSA Servicer Watch List
promptly upon the Special Servicer having knowledge of such event. In addition,
in connection with their servicing of the Loans, the Master Servicer and the
Special Servicer shall provide to each other and to the Trustee (and solely with
respect to the Westfarms Mall Total Loan if it is listed on the CMSA Servicer
Watch List, the holder of the B Note and the holder of the Companion Loan)
written notice of any event that comes to their knowledge with respect to a
Loan, Companion Loan, B Note or REO Property that the Master Servicer or the
Special Servicer, respectively, determines, in accordance with Servicing
Standard, would have a material adverse effect on such Loan or REO Property,
which notice shall include an explanation as to the reason for such material
adverse effect.

            (f) The Special Servicer shall deliver or cause to be delivered to
the Master Servicer and, upon the request of the Trustee, the Depositor, the
holders of the Companion Loan and the B Note or any Rating Agency, to any such
requesting party, the following materials, in each case to the extent that such
materials or the information on which they are based are required to be
delivered by the Borrower pursuant to the Loan Documents and have been received
by the Special Servicer:

                  (i) Annually, on or before April 30 of each year, commencing
            in April 30, 2003, with respect to each Specially Serviced Loan and
            REO Loan, a CMSA Operating Statement Analysis Report and CMSA NOI
            Adjustment Worksheet, both in written form and in electronic format
            reasonably acceptable to the Master Servicer, the Special Servicer
            and the Trustee for the related Mortgaged Property or REO Property
            as of the end of the preceding calendar year (but only to the extent
            the Special Servicer has received such information from the Master
            Servicer at the time of the servicing transfer pursuant to Section
            3.21 necessary to prepare the related CMSA Operating Statement
            Analysis Report and CMSA NOI Adjustment Worksheet on a prospective
            basis), together with copies of the operating statements and rent
            rolls for the related Mortgaged Property or REO Property as of the
            end of the preceding calendar year.

            The Special Servicer shall use its reasonable efforts (but shall not
be required to institute litigation) to obtain quarterly and annual operating
statements and rent rolls with respect to each Mortgaged Property constituting
security for a Specially Serviced Loan and each REO Property, which efforts
shall include sending a letter to the related Borrower or other appropriate
party each quarter (followed up with telephone calls) requesting such annual
operating statements and rent rolls by no later than 60 days after such quarter.
The Special Servicer shall deliver copies of all of the foregoing items so
collected to the Master Servicer, the holders of the Companion Loan and the B
Note, the Directing Certificateholder and any Requesting Certificateholder (at
the expense of such requesting Holder), and upon request, the Trustee and the
Depositor, (x) in the case of quarterly operating statements and rent rolls,
within the later of (A) 60 days after such quarter and (B) 45 days following
receipt of such operating statements and rent rolls, and (y) in the case of
annual operating statements and rent rolls, not later than the later of (A)
April 30 of each calendar year and (B) 45 days following receipt of such
operating statements and rent rolls.

                  (ii) The Special Servicer shall maintain a CMSA Operating
            Statement Analysis Report, both in written form and in electronic
            format reasonably acceptable to the Master Servicer, the Special
            Servicer and the Trustee, for each Mortgaged Property which
            constitutes security for a Specially Serviced Loan or is a REO
            Property that shall be updated by the Special Servicer and delivered
            to the Master Servicer, the holders of the Companion Loan and the B
            Note within 10 days after receipt by the Special Servicer of updated
            operating statements for each such Mortgaged Property, provided,
            that the Special Servicer shall not be required to update the CMSA
            Operating Statement Analysis Reports more often than quarterly.

            (g) The Master Servicer and the Special Servicer hereby agree to
deliver to each Rating Agency any information such Rating Agency (and S&P with
respect to the Westfarms Mall Total Loan) may reasonably request. The Trustee
shall be entitled to rely conclusively on and shall not be responsible for the
content or accuracy of any information provided to it by the Master Servicer or
the Special Servicer pursuant to this Agreement.

            (h) If the Master Servicer or the Special Servicer is required to
deliver any statement, report or information under any provision of this
Agreement, the Master Servicer or the Special Servicer, as the case may be, may
satisfy such obligation by (x) physically delivering a paper copy of such
statement, report or information, (y) delivering such statement, report or
information in a commonly used electronic format or (z) making such statement,
report or information available on the Master Servicer's internet website,
unless this Agreement expressly specifies a particular method of delivery;
provided, that all reports required to be delivered to the Trustee shall be
delivered in accordance with clause (x) or (y), as appropriate.

            Section 3.13 Annual Statement as to Compliance.

            The Master Servicer and the Special Servicer shall each deliver to
the Trustee and to the Rating Agencies, the Depositor, the Directing
Certificateholder, any Requesting Subordinate Certificateholder (at the expense
of such requesting Holder), the holder of the Companion Loan (at its expense)
and the holder of the B Note (at its expense) on or before April 15 of each
year, beginning April 15, 2003, an officer's certificate of the Master Servicer
or Special Servicer stating that, among other things, to the best of such
officer's knowledge, the Master Servicer or Special Servicer has fulfilled its
obligations under the Pooling and Servicing Agreement in all material respects
throughout the preceding year (or such shorter period) or, if there has been a
material default, specifying each material default known to such officer, the
nature and status of such default and the action proposed to be taken with
respect thereto, and whether it has received any notice regarding qualification,
or challenging the status, of any Trust REMIC as a REMIC from the IRS or any
other governmental agency or body. The Trustee shall deliver such Officer's
Certificate, upon request, to any Certificateholder. If the same entity acts as
Master Servicer and Special Servicer, the foregoing may be delivered as a single
certificate.

            Section 3.14 Reports by Independent Public Accountants.

            On or before April 15 of each year, beginning with April 15, 2003,
the Master Servicer and the Special Servicer (the "reporting person"), each at
the reporting person's expense, shall cause a firm of nationally recognized
Independent public accountants (who may also render other services to the
reporting person) which is a member of the American Institute of Certified
Public Accountants ("AICPA") to furnish a statement (an "Accountant's
Statement") to the Trustee, the Depositor and the Rating Agencies, the Directing
Certificateholder and any Requesting Subordinate Certificateholder (at the
expense of such requesting Holder) to the effect that such firm has examined
certain documents and records relating to the servicing of similar mortgage
loans under similar agreements and that, on the basis of such examination
conducted substantially in compliance with generally accepted auditing standards
and the Uniform Single Attestation Program for Mortgage Bankers or the Audit
Program for Mortgages serviced for FHLMC, such servicing has been conducted in
compliance with similar agreements except for such significant exceptions or
errors in records that, in the opinion of such firm, generally accepted auditing
standards and the Uniform Single Attestation Program for Mortgage Bankers or the
Audit Program for Mortgages serviced for FHLMC require it to report, in which
case such exceptions and errors shall be so reported.

            Each reporting person shall obtain from the related accountants, or
shall prepare, an electronic version of each Accountant's Statement and provide
such electronic version to the Trustee for filing in accordance with the
procedures set forth in Section 3.27 hereof. In rendering such statement, such
firm may rely, as to matters relating to direct servicing of mortgage loans by
Sub-Servicers, upon comparable statements for examinations conducted
substantially in compliance with the Uniform Single Attestation Program for
Mortgage Bankers (rendered within one year of such statement) of independent
public accountants with respect to the related Sub-Servicer.

            Section 3.15 Access to Certain Information.

            Each of the Master Servicer and the Special Servicer shall provide
reasonable access during its normal business hours at each of its principal
servicing offices to any Certificateholder or Certificate Owner that is, or is
affiliated with, a federally insured financial institution, the Trustee, the
Depositor, each Rating Agency, to the Master Servicer or to the Special
Servicer, as applicable, and to the OTS, the FDIC, the Federal Reserve Board and
the supervisory agents and examiners of such boards and such corporations, and
any other federal or state banking or insurance regulatory authority that may
exercise authority over any Certificateholder, access to any documentation
regarding the Loans and the Trust Fund within its control which may be required
by this Agreement or by applicable law.

            Such access shall be afforded without charge (except that the Master
Servicer and the Special Servicer may charge a reasonable fee for copies and
out-of-pocket costs to parties other than the Rating Agencies) but only upon
reasonable prior written request and during normal business hours at the offices
of the Master Servicer or the Special Servicer, as the case may be, designated
by it. Nothing in this Section 3.15 shall detract from the obligation of the
Master Servicer and the Special Servicer to observe any applicable law or
agreement prohibiting disclosure of information with respect to the Borrowers,
and the failure of the Master Servicer or the Special Servicer to provide access
as provided in this Section 3.15 as a result of such obligation shall not
constitute a breach of this Section 3.15. Nothing herein shall be deemed to
require the Master Servicer or Special Servicer to confirm, represent or warrant
the accuracy of any other Persons' information or report, included in any
communication from the Master Servicer, the Special Servicer or Borrower.
Notwithstanding the above, the Master Servicer and Special Servicer shall not
have any liability to the Depositor, the Trustee, the Fiscal Agent, any
Certificateholder, any Certificate Owner, the Initial Purchaser, either
Underwriter, any Rating Agency or any Person to whom it delivers information
pursuant to and in accordance with this Section 3.15 or any other provision of
this Agreement for federal, state or other applicable securities law violations
relating to the disclosure of such information. The Master Servicer and the
Special Servicer may each deny any of the foregoing persons access to
confidential information or any intellectual property which the Master Servicer
or the Special Servicer is restricted by license or contract from disclosing.
Notwithstanding the foregoing, the Master Servicer and the Special Servicer
shall maintain separate from such confidential information and intellectual
property, all documentation regarding the Loans that is not confidential.

            Section 3.16 Title to REO Property; REO Account.

            (a) If title to any REO Property is acquired, the deed or
certificate of sale shall be issued to the Trustee (or its nominee) on behalf of
the Certificateholders (and for the benefit of the holder of the A-2 Note and
the holder of the B Note if such REO Property is related to the Westfarms Mall
Total Loan). The Special Servicer, on behalf of the Trust Fund, shall sell any
REO Property in accordance with Section 3.18(d) and, in any event, prior to the
close of the third calendar year beginning after the year in which the Trust
Fund acquires ownership of such REO Property for purposes of Section 860G(a)(8)
of the Code, unless the Special Servicer either (i) is granted an extension of
time (an "REO Extension") by the Internal Revenue Service to sell such REO
Property (a copy of which shall be delivered to the Trustee) or (ii) obtains for
the Trustee and the Master Servicer an Opinion of Counsel (the cost of which
shall be paid as a Servicing Advance), addressed to the Trustee and the Master
Servicer, to the effect that the holding by the Trust Fund of such REO Property
after such period will not result in the imposition of taxes on "prohibited
transactions" of the Trust Fund or any Trust REMIC as defined in Section 860F of
the Code or cause any Trust REMIC to fail to qualify as a REMIC for federal or
applicable state tax purposes at any time that any Uncertificated Lower-Tier
Interests or Certificates are outstanding. If the Special Servicer is granted
the REO Extension or obtains the Opinion of Counsel contemplated by clause (ii)
above, the Special Servicer shall sell such REO Property within such period as
is permitted by such REO Extension or such Opinion of Counsel. Any expense
incurred by the Special Servicer in connection with its being granted the REO
Extension or its obtaining the Opinion of Counsel contemplated by clause (ii)
above shall be an expense of the Trust Fund payable out of the Collection
Account pursuant to Section 3.05(a).

            (b)  The Special Servicer shall segregate and hold all funds
collected and received in connection with any REO Property separate and apart
from its own funds and general assets. If an REO Acquisition shall occur, the
Special Servicer shall establish and maintain one or more REO Accounts, held on
behalf of the Trustee in trust for the benefit of the Certificateholders (and
the holder of the A-2 Note and the holder of the B Note if such REO Property is
related to the Westfarms Mall Total Loan) and the Trustee (as holder of the
Uncertificated Lower-Tier Interests), for the retention of revenues and other
proceeds derived from each REO Property. The REO Account shall be an Eligible
Account. The Special Servicer shall deposit, or cause to be deposited, in the
REO Account, within one Business Day after receipt, all REO Revenues, Insurance
and Condemnation Proceeds and Liquidation Proceeds received in respect of an REO
Property. Funds in the REO Account may be invested only in Permitted Investments
in accordance with Section 3.06. The Special Servicer shall give notice to the
Trustee and the Master Servicer of the location of the REO Account when first
established and of the new location of the REO Account prior to any change
thereof.

            (c) The Special Servicer shall withdraw from the REO Account funds
necessary for the proper operation, management, leasing, maintenance and
disposition of any REO Property, but only to the extent of amounts on deposit in
the REO Account relating to such REO Property. On each Determination Date, the
Special Servicer shall withdraw from the REO Account and deposit into the
Collection Account the aggregate of all amounts received in respect of each REO
Property during the most recently ended Due Period, net of any withdrawals made
out of such amounts pursuant to the preceding sentence; provided, however, that
the Special Servicer may retain in such REO Account, in accordance with the
Servicing Standard, such portion of such balance as may be necessary to maintain
a reasonable reserve for repairs, replacements, leasing, management and tenant
improvements and other related expenses for the related REO Property. In
addition, on each Determination Date, the Special Servicer shall provide the
Master Servicer with a written accounting of amounts deposited in the Collection
Account on such date.

            (d) The Special Servicer shall keep and maintain separate records,
on a property-by-property basis, for the purpose of accounting for all deposits
to, and withdrawals from, the REO Account pursuant to Section 3.16(b) or (c).

            Section 3.17 Management of REO Property.

            (a) If title to any REO Property is acquired, the Special Servicer
shall manage, conserve, protect, operate and lease such REO Property for the
benefit of the Certificateholders (and for the benefit of the holder of the A-2
Note and the holder of the B Note if such REO Property is related to the
Westfarms Mall Total Loan) and the Trustee (as Holder of the Uncertificated
Lower-Tier Interests) solely for the purpose of its timely disposition and sale
in a manner that does not cause such REO Property to fail to qualify as
"foreclosure property" within the meaning of Section 860G(a)(8) of the Code or
result in the receipt by the Trust Fund of any "income from non-permitted
assets" within the meaning of Section 860F(a)(2)(B) of the Code. Subject to the
foregoing, however, the Special Servicer shall have full power and authority to
do any and all things in connection therewith as are in the best interests of
and for the benefit of the Certificateholders (and for the benefit of the holder
of the A-2 Note and the holder of the B Note if such REO Property is related to
the Westfarms Mall Total Loan) and the Trustee (as Holder of the Uncertificated
Lower-Tier Interests) (as determined by the Special Servicer in its good faith
and reasonable judgment) and, consistent therewith, shall withdraw from the REO
Account, to the extent of amounts on deposit therein with respect to such REO
Property, funds necessary for the proper operation, management, leasing and
maintenance of such REO Property, including, without limitation:

                  (i) all Insurance Policy premiums due and payable in respect
            of such REO Property;

                  (ii) all real estate taxes and assessments in respect of such
            REO Property that may result in the imposition of a lien thereon;

                  (iii) any ground rents in respect of such REO Property, if
            applicable; and

                  (iv) all costs and expenses necessary to maintain and lease
            such REO Property.

            To the extent that amounts on deposit in the REO Account in respect
of any REO Property are insufficient for the purposes set forth in clauses (i)
through (iv) above with respect to such REO Property, subject to Section
3.03(c), the Master Servicer shall advance from its own funds, as a Servicing
Advance, such amount as is necessary for such purposes unless (as evidenced by
an Officer's Certificate delivered to the Trustee, the Fiscal Agent and the
Depositor) such advances would, if made, constitute Nonrecoverable Servicing
Advances.

            (b) Without limiting the generality of the foregoing, the Special
Servicer shall not:

                  (i) permit the Trust Fund to enter into, renew or extend any
            New Lease with respect to any REO Property, if the New Lease by its
            terms will give rise to any income that does not constitute Rents
            from Real Property;

                  (ii) permit any amount to be received or accrued under any New
            Lease other than amounts that will constitute Rents from Real
            Property;

                  (iii) authorize or permit any construction on any REO
            Property, other than the repair or maintenance thereof or the
            completion of a building or other improvement thereon, and then only
            if more than 10% of the construction of such building or other
            improvement was completed before default on the related Loan became
            imminent, all within the meaning of Section 856(e)(4)(B) of the
            Code; or

                  (iv) Directly Operate, or allow any other Person, other than
            an Independent Contractor, to Directly Operate, any REO Property on
            any date more than 90 days after its Acquisition Date;

unless, in any such case, the Special Servicer has obtained an Opinion of
Counsel (the cost of which shall be paid by the Master Servicer as a Servicing
Advance unless non-recoverable) to the effect that such action will not cause
such REO Property to fail to qualify as "foreclosure property" within the
meaning of Section 860G(a)(8) of the Code at any time that it is held by the
Trust Fund, in which case the Special Servicer may take such actions as are
specified in such Opinion of Counsel. Except as limited above in this Section
3.17 and by Section 3.17(c), the Special Servicer shall be permitted to cause
the Trust Fund to earn "net income from foreclosure property," subject to the
Servicing Standard.

            (c) The Special Servicer shall contract with any Independent
Contractor for the operation and management of any REO Property within 90 days
of the Acquisition Date thereof, provided that:

                  (i) the terms and conditions of any such contract may not be
            inconsistent herewith and shall reflect an agreement reached at
            arm's length;

                  (ii) the fees of such Independent Contractor (which shall be
            an expense of the Trust Fund) shall be reasonable and customary in
            light of the nature and locality of the Mortgaged Property;

                  (iii) any such contract shall require, or shall be
            administered to require, that the Independent Contractor (A) pay all
            costs and expenses incurred in connection with the operation and
            management of such REO Property, including, without limitation,
            those listed in subsection (a) hereof, and (B) remit all related
            revenues collected (net of its fees and such costs and expenses) to
            the Special Servicer upon receipt;

                  (iv) none of the provisions of this Section 3.17(c) relating
            to any such contract or to actions taken through any such
            Independent Contractor shall be deemed to relieve the Special
            Servicer of any of its duties and obligations hereunder with respect
            to the operation and management of any such REO Property; and

                  (v) the Special Servicer shall be obligated with respect
            thereto to the same extent as if it alone were performing all duties
            and obligations in connection with the operation and management of
            such REO Property.

            The Special Servicer shall be entitled to enter into any agreement
with any Independent Contractor performing services for it related to its duties
and obligations hereunder for indemnification of the Special Servicer by such
Independent Contractor, and nothing in this Agreement shall be deemed to limit
or modify such indemnification.

            (d) When and as necessary, the Special Servicer shall send to the
Trustee and the Master Servicer a statement prepared by the Special Servicer
setting forth the amount of net income or net loss, as determined for federal
income tax purposes, resulting from the operation and management of a trade or
business on, the furnishing or rendering of a non-customary service to the
tenants of, or the receipt of any other amount not constituting Rents from Real
Property in respect of, any REO Property in accordance with Sections 3.17(a) and
3.17(b).

            Section 3.18 Sale of Defaulted Loans and REO Properties.

            (a) Each of the Master Servicer, the Special Servicer or the Trustee
may sell or purchase, or permit the sale or purchase of, a Defaulted Loan or REO
Property only on the terms and subject to the conditions set forth in this
Section 3.18 or as otherwise expressly provided in or contemplated by Section
2.03(b) and Section 9.01.

            (b) If any Loan becomes a Defaulted Loan, then the Master Servicer
shall promptly so notify in writing the Trustee, the Special Servicer and the
Directing Certificateholder, and with respect to the Westfarms Mall Total Loan,
the holder of the B Note and the Companion Loan. The Directing Certificateholder
may, at its option, purchase any Defaulted Loan out of the Trust Fund at a cash
price equal to the applicable Purchase Price. The Directing Certificateholder
may, after receipt of the notice described in the first sentence of this Section
3.18(b), assign its option under the preceding sentence to any party (including,
without limitation, in connection with an A Note, the holder of the related B
Note and in connection with the Westfarms Mall Loan, the holder of the related
Companion Loan), provided that the Directing Certificateholder, in connection
therewith, shall deliver to the Trustee and the Special Servicer a copy of the
related written assignment executed by the Directing Certificateholder,
provided, further, that with respect to the A Note, the option holder's rights
under this Section 3.18(b) are subject to the rights of the holder of the
related B Note to purchase the A Note pursuant to the terms of the A/B Mortgage
Loan Intercreditor Agreement. The option with respect to the A Note shall
terminate upon the purchase of the A Note by the holder of the related B Note
pursuant to the A/B Mortgage Loan Intercreditor Agreement. The Purchase Price
for any Defaulted Loan purchased under this Section 3.18(b) shall be deposited
into the Collection Account, and the Trustee, upon receipt of an Officer's
Certificate from the Master Servicer to the effect that such deposit has been
made, shall release or cause to be released to the Certificateholder(s)
effecting such purchase (or to its or their designee) the related Mortgage File,
and shall execute and deliver such instruments of transfer or assignment, in
each case without recourse, as shall be provided to it and are reasonably
necessary to vest in such Certificateholder(s) ownership of such Loan. In
connection with any such purchase, the Special Servicer shall deliver the
related Servicing File to the Certificateholder(s) effecting such purchase (or
to its or their designee).

            If not exercised sooner, such purchase option with respect to any
Defaulted Loan will automatically terminate upon (i) the related Borrower's cure
of all defaults on the Defaulted Loan, (ii) the acquisition on behalf of the
Trust of title to the related Mortgaged Property by foreclosure or deed in lieu
of foreclosure or (iii) the modification, waiver or pay-off (full or discounted)
of the Defaulted Loan in connection with a workout.

            The purchase price for any Defaulted Loan purchased under this
Section 3.18(b) shall, (i) pending determination of the Fair Value thereof
pursuant to the succeeding sentence, be the Purchase Price calculated in
accordance with the definition of Purchase Price, and (ii) following
determination of the Fair Value pursuant to the succeeding sentence, be the Fair
Value. The Special Servicer shall promptly obtain an Appraisal (unless it has an
Appraisal that is less than 12 months old and has no actual knowledge of, or
notice of, any event which in the Special Servicer's judgment would materially
affect the validity of such Appraisal), and shall, within 60 days following the
date on which a Loan becomes a Defaulted Loan, determine the "Fair Value"
thereof in accordance with the Servicing Standard. In determining the Fair Value
of any Defaulted Loan the Special Servicer shall take into account, among other
factors, the period and amount of the delinquency on such Loan, the occupancy
level and physical condition of the related Mortgaged Property, the state of the
local economy in the area where the Mortgaged Property is located, the value of
such Loan under foreclosure and workout scenarios and the time and expense
associated with a purchaser's foreclosing on the related Mortgaged Property. In
addition, the Special Servicer shall refer to all relevant information contained
in the Servicing File, including the most recent Appraisal obtained or conducted
with respect to the related Mortgaged Property and available objective
third-party information obtained from generally available sources, as well as
information obtained from vendors providing real estate services to the Special
Servicer, concerning the market for distressed real estate loans and the real
estate market for the subject property type in the area where the related
Mortgaged Property is located based on the Appraisal. The Special Servicer must
give prompt written notice of its Fair Value determination to the Trustee, the
Master Servicer and the Directing Certificateholder.

            The Special Servicer shall be required to change from time to time
thereafter, its determination of the Fair Value of a Defaulted Loan based upon
changed circumstances, new information or otherwise, in accordance with the
Servicing Standard. If the most recent Fair Value calculation was made more than
90 days prior to the exercise date of a purchase option (under this Section
3.18(b) or Section 3.18(c)), then the Special Servicer shall confirm or revise
the Fair Value determination, which Fair Value may be higher or lower. In the
event that the Special Servicer or a Directing Certificateholder or assignee
thereof that is an affiliate of the Special Servicer proposes to purchase a
Defaulted Loan, the Master Servicer shall determine whether the Special
Servicer's determination of Fair Value for a Defaulted Loan constitutes a fair
price in its reasonable judgment. The Master Servicer shall be entitled to a fee
of $1,000 in connection with each such Fair Value determination. All reasonable
costs and expenses of the Special Servicer and Master Servicer in connection
with the determination of the Fair Value of a Defaulted Loan will be
reimbursable as Servicing Advances.

            Unless and until the purchase option granted hereunder with respect
to a Defaulted Mortgage Loan is exercised, the Special Servicer will be required
to pursue such other resolution strategies available hereunder, including
workout and foreclosure, consistent with the Servicing Standard, but the Special
Servicer will not be permitted to sell the Defaulted Loan other than pursuant to
the exercise of such purchase option.

            (c) If the Directing Certificateholder or an assignee thereof has
not purchased any Defaulted Loan provided in Section 3.18(b) within 20 days of
such Holders' having received notice of the calculation of Fair Value pursuant
to Section 3.18(b), then the Trustee shall within five days of the end of such
20-day period send notice to the Special Servicer that such Loan was not
purchased by such Directing Certificateholder, and the Special Servicer may, at
its option, within 20 days after receipt of such notice, purchase (or designate
an Affiliate thereof to purchase) such Loan out of the Trust Fund at a cash
price equal to the Purchase Price. The Purchase Price for any such Loan
purchased under this Section 3.18(c) shall be deposited into the Collection
Account, and the Trustee, upon receipt of an Officer's Certificate from the
Master Servicer to the effect that such deposit has been made, shall release or
cause to be released to the Special Servicer (or the designated Affiliate
thereof), as applicable, the related Mortgage File, and shall execute and
deliver such instruments of transfer or assignment, in each case without
recourse, as shall be provided to it and are reasonably necessary to vest in the
Special Servicer (or the designated Affiliate thereof), as applicable, the
ownership of such Loan. Upon the expiration of the right of the Special Servicer
to purchase such Defaulted Loan, the Directing Certificateholder shall have such
option, exclusively.

            (d)  The Special Servicer shall use reasonable efforts to solicit
bids for each REO Property in such manner as will be reasonably likely to
realize a fair price within the time period provided for by Section 3.16(a).
Such solicitation shall be made in a commercially reasonable manner. The Special
Servicer shall accept the highest cash bid received from any Person for such REO
Property in an amount at least equal to the Purchase Price therefor; provided,
however, that in the absence of any such bid, the Special Servicer shall accept
the highest cash bid received from any Person that is determined by the Special
Servicer to be a fair price for such REO Property. If the Special Servicer
reasonably believes that it will be unable to realize a fair price for any REO
Property within the time constraints imposed by Section 3.16(a), then the
Special Servicer shall dispose of such REO Property upon such terms and
conditions as the Special Servicer shall deem necessary and desirable to
maximize the recovery thereon under the circumstances and, in connection
therewith, shall accept the highest outstanding cash bid, regardless of from
whom received. If the Special Servicer determines with respect to any REO
Property that the offers being made with respect thereto are not in the best
interests of the Certificateholders (or the holder of the A-2 Note and the
holder of the B Note if such REO Property is related to the Westfarms Mall Total
Loan) and that the end of the period referred to in Section 3.16(a) with respect
to such REO Property is approaching, the Special Servicer shall seek an
extension of such period in the manner described in Section 3.16(a); provided,
however, that the Special Servicer shall use its best efforts, consistent with
the Servicing Standard, to sell any REO Property prior to three years prior to
the Rated Final Distribution Date.

            The Special Servicer shall give the Trustee and the Master Servicer
not less than three Business Days' prior written notice of its intention to sell
any REO Property. No Interested Person shall be obligated to submit a bid to
purchase any REO Property, and notwithstanding anything to the contrary herein,
neither the Trustee, in its individual capacity, nor any of its Affiliates may
bid for or purchase any REO Property pursuant hereto.

            (e) Whether any cash bid constitutes a fair price for any REO
Property for purposes of Section 3.18(d), shall be determined by the Special
Servicer, if the highest bidder is a Person other than the Special Servicer or
an Affiliate thereof, and by the Master Servicer, if the highest bidder is the
Special Servicer or an Affiliate thereof. In determining whether any bid
received from the Special Servicer or an Affiliate thereof represents a fair
price for any REO Property, the Special Servicer and the Master Servicer shall
obtain and may conclusively rely on the opinion of an Appraiser retained at the
expense of the Trust Fund by (i) the Master Servicer, if the highest bidder is
the Special Servicer or an Affiliate thereof or (ii) the Special Servicer, in
any other case. In determining whether any bid constitutes a fair price for any
REO Property, such Appraiser shall be instructed to take into account, as
applicable, among other factors, the period and amount of any delinquency on the
affected REO Loan, the occupancy level and physical condition of the REO
Property, the state of the local economy and the obligation to dispose of any
REO Property within the time period specified in Section 3.16(a). The Purchase
Price for any REO Property shall in all cases be deemed a fair price.

            Subject to subsections (a) through (d) above, the Special Servicer
shall act on behalf of the Trustee in negotiating and taking any other action
necessary or appropriate in connection with the sale of any REO Property, and
the collection of all amounts payable in connection therewith. Any sale of any
REO Property shall be final and without recourse to the Trustee or the Trust
Fund, except, in the case of the Trust Fund, as shall be customary in deeds of
real property, and if such sale is consummated in accordance with the terms of
this Agreement, neither the Special Servicer nor the Master Servicer shall have
any liability to any Certificateholder with respect to the purchase price
therefor accepted by the Special Servicer or the Master Servicer.

            Section 3.19 Additional Obligations of the Master Servicer and
Special Servicer; Inspections; Appraisals.

            (a) The Master Servicer (or, with respect to each Specially Serviced
Loan and REO Property and each Loan described in Section 3.19(d) below, the
Special Servicer at the expense of the Trust Fund) shall physically inspect or
cause to be physically inspected (which inspection may be conducted by an
independent third party contractor), at its own expense, each Mortgaged Property
with respect to each Loan it services at such times and in such manner as are
consistent with the Servicing Standard, but in any event shall inspect each
Mortgaged Property (A) with a Stated Principal Balance equal to or greater than
$2,500,000 at least once every 12 months and (B) with a Stated Principal Balance
of less than $2,500,000 at least once every 24 months, in each case commencing
in August 2003 (or at such lesser frequency as each Rating Agency shall have
confirmed in writing to the Master Servicer, will not result a downgrade,
qualification or withdrawal of the then-current ratings assigned to any Class of
the Certificates) and (C) if the Loan becomes a Specially Serviced Loan, as soon
as practicable and thereafter at least once every 12 months for so long as such
condition exists. The Master Servicer or Special Servicer, as applicable, shall
send each inspection report (i) to Fitch, within 20 days of completion, (ii) to
Moody's within 20 days of completion, each inspection report for Significant
Loans, (iii) to the Directing Certificateholder and any Requesting Subordinate
Certificateholder (at the expense of such requesting Holder), (iv) to the
Trustee upon request and (v) solely as it relates to the Westfarms Mall Total
Loan, to S&P, the holder of the Companion Loan and the holder of the B Note.

            (b) [Reserved].

            (c)  With respect to each Loan that allows the Special Servicer (on
behalf of the Trust Fund) to terminate, or cause the related Borrower to
terminate, the related Manager upon the occurrence of certain events specified
in such Loan, the Special Servicer may enforce the Trustee's rights with respect
to the Manager under the related Loan and Management Agreement, provided that,
if such right accrues under the related Loan or Management Agreement only
because of the occurrence of the related Anticipated Repayment Date, if any, the
Special Servicer may in its sole discretion, in accordance with the Servicing
Standard, waive such right with respect to such date. If the Special Servicer is
entitled to terminate the Manager, the Special Servicer shall promptly give
notice to the Directing Certificateholder and each Rating Agency. In accordance
with the Servicing Standard, and with the consent of the Directing
Certificateholder, the Special Servicer shall cause the Borrower to terminate
the Manager, and to recommend a Successor Manager (meeting the requirements set
forth below) only if the Special Servicer determines in its reasonable
discretion that such termination is not likely to result in successful
litigation against the Trust Fund by such Manager or the related Borrower, or
create a defense to the enforcement of remedies under such Loan.

            The Special Servicer shall effect such termination only if the
Special Servicer has, in the case of any Specially Serviced Loan that is a
Significant Loan, received a written confirmation from each of the Rating
Agencies, that the appointment of such Successor Manager would not cause such
Rating Agency to withdraw, downgrade or qualify any of the then-current ratings
on the Certificates. If a Manager is otherwise terminated or resigns under the
related Loan or Management Agreement and the related Borrower does not appoint a
Successor Manager, the Special Servicer shall use its best efforts to retain a
Successor Manager (or the recommended Successor Manager, if any) on terms
substantially similar to the Management Agreement or, failing that, on terms as
favorable to the Trust Fund as can reasonably be obtained by the Special
Servicer. For the purposes of this paragraph, a "Successor Manager" shall be a
professional management corporation or business entity reasonably acceptable to
the Special Servicer which (i) manages, and is experienced in managing, other
comparable commercial and/or multifamily properties, (ii) will not result in a
downgrade, qualification or withdrawal of the then-current ratings assigned to
the Certificates by each Rating Agency, as confirmed by such Rating Agency in
writing (if required pursuant to the first sentence of this paragraph), and
(iii) otherwise satisfies any criteria set forth in the Mortgage and related
documents.

            (d)  The Special Servicer shall be required to obtain any Appraisal
(the cost of which shall be paid by the Master Servicer as a Servicing Advance
or, in the event such Servicing Advance would be a Nonrecoverable Advance, an
expense of the Trust Fund) required in connection with an Appraisal Reduction
Event or perform an internal valuation within 60 days after the occurrence of
such Appraisal Reduction Event (provided that in no event shall the period to
receive such Appraisal exceed 120 days from the occurrence of the event that,
with the passage of time, would become such Appraisal Reduction Event). Upon
receipt, the Special Servicer shall send a copy of such Appraisal or internal
valuation to the Certificate Owners of the Controlling Class and any Requesting
Subordinate Certificateholder (at the expense of such requesting Holder);
provided, however, that as to each such Appraisal or internal valuation, if
beneficial ownership of the Controlling Class resides in more than one
Certificate Owner, the Special Servicer shall be responsible only for the
expense of providing the first such copy thereof and shall be entitled to
reimbursement from the Trust Fund for the expense of any additional copies so
provided. If neither a required Appraisal is received, nor an internal valuation
completed, by such date, the Appraisal Reduction Amount for such Loan shall be
conclusively established to be 25% of the Stated Principal Balance of such Loan
as of the date of the related Appraisal Reduction Event; provided that the
obligation of the Special Servicer to obtain such Appraisal or complete such
internal valuation shall continue until such Appraisal is obtained or such
internal valuation is completed. On the first Determination Date occurring on or
after the delivery of such Appraisal or the completion of such internal
valuation, and on each Determination Date thereafter, the Special Servicer shall
calculate and report to the Master Servicer, and the Master Servicer shall
report to the Trustee, the Appraisal Reduction Amount taking into account such
Appraisal or internal valuation. The Master Servicer shall verify the accuracy
of the mathematical computation of the Appraisal Reduction Amount by the Special
Servicer and that the amounts used therein are consistent with the Master
Servicer's records. Subject to this preceding sentence, the Master Servicer may
conclusively rely on any report by the Special Servicer of an Appraisal
Reduction Amount.

            (e) With respect to each Loan as to which an Appraisal Reduction
Event has occurred (unless such Loan has become a Corrected Loan and has
remained current for twelve consecutive Monthly Payments for such purposes,
taking into account any amendment or modification of such Loan) and with respect
to which no other Appraisal Reduction Event has occurred and is continuing, the
Special Servicer shall, within 30 days of each annual anniversary of such
Appraisal Reduction Event, order an Appraisal (which may be an update of a prior
Appraisal), or with respect to any Loan with an outstanding principal balance
less than $2,000,000, perform an internal valuation or obtain an Appraisal
(which may be an update of a prior Appraisal), the cost of which shall be paid
by the Master Servicer as a Servicing Advance. Upon receipt, the Special
Servicer shall send a copy of such Appraisal to the Certificate Owners of the
Controlling Class and any Requesting Subordinate Certificateholder (at the
expense of such requesting Holder); provided, however, that as to each such
Appraisal, if beneficial ownership of the Controlling Class resides in more than
one Certificate Owner, the Special Servicer shall be responsible only for the
expense of providing the first such copy thereof and shall be entitled to
reimbursement from the Trust Fund for the expense of any additional copies so
provided. Such Appraisal or internal valuation or percentage calculation of the
Appraisal Reduction described in the preceding paragraph, as the case may be,
shall be used to determine the amount of the Appraisal Reduction Amount with
respect to such Loan for each Determination Date until the next Appraisal is
required pursuant to this Section 3.19(e), and such redetermined Appraisal
Reduction Amount shall replace the prior Appraisal Reduction Amount with respect
to such Loan. Notwithstanding the foregoing, the Special Servicer will not be
required to obtain an Appraisal or perform an internal valuation, as the case
may be, with respect to a Loan which is the subject of an Appraisal Reduction
Event if the Special Servicer has obtained an Appraisal with respect to the
related Mortgaged Property within the 12-month period immediately prior to the
occurrence of such Appraisal Reduction Event, unless the Special Servicer, in
the exercise of its reasonable judgment, has reason to believe there has been a
material adverse change in the value of the related Mortgaged Property. Instead,
the Special Servicer may use such prior Appraisal in calculating any Appraisal
Reduction Amount with respect to such Loan.

            With respect to each Loan as to which an Appraisal Reduction Event
has occurred and which has become a Corrected Loan and has remained current for
twelve consecutive Monthly Payments, taking into account any amendment or
modification of such Loan, and with respect to which no other Appraisal
Reduction Event has occurred and is continuing, the Special Servicer may within
30 days after the date of such twelfth Monthly Payment, order an Appraisal
(which may be an update of a prior Appraisal), or with respect to any Loan with
an outstanding principal balance less than $2,000,000, perform an internal
valuation or obtain an Appraisal (which may be an update of a prior Appraisal),
the cost of which shall be paid by the Master Servicer as a Servicing Advance.
Based upon such Appraisal or internal valuation, the Special Servicer shall
redetermine and report to the Trustee and the Master Servicer the amount of the
Appraisal Reduction with respect to such Loan and such redetermined Appraisal
Reduction shall replace the prior Appraisal Reduction with respect to such Loan.

            Section 3.20 Modifications, Waivers, Amendments and Consents.

            (a) Subject to the provisions of this Section 3.20, the Master
Servicer and the Special Servicer may, on behalf of the Trustee, agree to any
modification, waiver or amendment of any term of any Loan without the consent of
the Trustee or any Certificateholder.

                  (i) For any Loan, other than a Specially Serviced Loan, and
            subject to the rights of the Special Servicer and Directing
            Certificateholder set forth below, the Master Servicer shall be
            responsible, subject to the other requirements of this Agreement
            with respect thereto, for any request by a Borrower for the consent
            of the mortgagee or a modification, waiver or amendment of any term
            thereof, provided that such consent or modification, waiver or
            amendment would not affect the amount or timing of any of the
            payment terms of such Loan, result in the release of the related
            Borrower from any material term thereunder, waive any rights
            thereunder with respect to any guarantor thereof or relate to the
            release or substitution of any material collateral for such Loan. To
            the extent consistent with the foregoing, the Master Servicer shall
            be responsible for the following (the following items not to be
            considered exclusive):

                  (A) approving routine leasing activity with respect to leases
            for less than the lesser of (a) 30,000 square feet and (b) 20% of
            the related Mortgaged Property;

                  (B) approving annual budgets for the related Mortgaged
            Property, provided that no such budget (1) relates to a fiscal year
            in which an Anticipated Repayment Date occurs, (2) provides for the
            payment of operating expenses in an amount equal to more than 110%
            of the amounts budgeted therefor for the prior year or (3) provides
            for the payment of any material expenses to any affiliate of the
            Borrower (other than the payment of a management fee to any property
            manager if such management fee is no more than the management fee in
            effect on the Cut-off Date);

                  (C) waiving any provision of a Loan not requiring the receipt
            of a rating confirmation if such Loan is not a Significant Loan and
            the related provision of such Loan does not relate to a
            "due-on-sale" or "due-on-encumbrance" clause or defeasance (which
            shall be subject to the terms of Section 3.08 hereof);

                  (D) subject to other restrictions herein regarding Principal
            Prepayments, waiving any provision of a Loan requiring a specified
            number of days notice prior to a Principal Prepayment;

                  (E) releases of non-material parcels of a Mortgaged Property
            (provided that any such releases (1) are related to a pending or
            threatened condemnation action or (2) are releases as to which the
            related Loan Documents expressly require the mortgagee thereunder to
            make such releases upon the satisfaction of certain conditions which
            shall be made as required by the Loan Documents); and

                  (F) grants of easements or rights of way that do not
            materially affect the use or value of a Mortgaged Property or the
            related Borrower's ability to make any payment with respect to the
            related Loan;

      provided, however, that if in the reasonable judgment of the Master
      Servicer any request by a Borrower for consent of the Mortgagee or any
      modification, waiver or amendment is not included within the scope of this
      clause (i), the Special Servicer shall be responsible for such request in
      accordance with clause (ii) below.

                  (ii) The Special Servicer shall be responsible for, and shall
            obtain the consent of the Directing Certificateholder with respect
            to, any request by a Borrower for the consent of the mortgagee and
            any modification, waiver or amendment of any term of any Loan for
            which the Master Servicer is not responsible, as provided above, or
            if such consent, request, modification, waiver or amendment relates
            to a Loan that is on the most recent CMSA Servicer Watch List, has a
            Debt Service Coverage Ratio (based on the most recently received
            financial statements and calculated on a trailing twelve month
            basis) less than the greater of 1.1x or 20% less than the Debt
            Service Coverage Ratio as of the Cut-off Date or with respect to
            which an event of default has occurred in the preceding 12 months.
            The Master Servicer shall receive any such request from Borrower,
            and shall forward its analysis and recommendation to the Special
            Servicer. The Special Servicer shall approve any such recommendation
            (which approval shall be deemed granted if not denied within 15
            Business Days of its receipt of the Master Servicer's recommendation
            and any additional documents and information that the Special
            Servicer may reasonably request) and promptly (in any event, within
            not more than 10 Business Days of its receipt of the Master
            Servicer's recommendation and any additional documents and
            information that the Special Servicer may reasonably request)
            forward such analysis and recommendation to the Directing
            Certificateholder, who shall approve or reject such recommendation.
            The Directing Certificateholder shall be deemed to have approved
            such recommendation if not denied within 5 Business Days of its
            receipt of the Special Servicer's recommendation and any additional
            documents and information that the Directing Certificateholder may
            reasonably request. The Master Servicer shall then process such
            documentation.

            (b) All modifications, waivers or amendments of any Loan shall be
(i) in writing and (ii) effected in accordance with the Servicing Standard.

            (c) Neither the Master Servicer nor the Special Servicer, on behalf
of the Trustee, shall agree or consent to (or consent to a Primary Servicer
performing), any modification, waiver or amendment of any term of any Loan or
Companion Loan that is not a Specially Serviced Loan if such modification,
waiver or amendment would:

                  (i) affect the amount or timing of any related payment of
            principal, interest or other amount (including Yield Maintenance
            Charges, but excluding Penalty Interest and other amounts payable as
            additional servicing compensation) payable thereunder;

                  (ii) affect the obligation of the related Borrower to pay a
            Yield Maintenance Charge or permit a Principal Prepayment during any
            period in which the related Note prohibits Principal Prepayments;

                  (iii) except as expressly contemplated by the related Mortgage
            or pursuant to Section 3.09(e), result in a release of the lien of
            the Mortgage on any material portion of the related Mortgaged
            Property without a corresponding Principal Prepayment in an amount
            not less than the fair market value (as determined by an appraisal
            by an Appraiser delivered at the expense of the related Borrower and
            upon which the Master Servicer and the Special Servicer, as
            applicable, may conclusively rely) of the property to be released;
            or

                  (iv) in the judgment of the Master Servicer or Special
            Servicer, as applicable, otherwise materially impair the security
            for such Loan or reduce the likelihood of timely payment of amounts
            due thereon;

provided, that unless the Loan is in default or default is reasonably
foreseeable, the Special Servicer (or, if applicable, the Master Servicer) has
determined (and may rely upon an Opinion of Counsel in making such
determination) that the modification, waiver or amendment will not be a
"significant modification" of the Loan within the meaning of Treasury
Regulations Section 1.860G-2(b) and provided, further, the Master Servicer or
the Special Servicer, as applicable, may agree to any such modification, waiver
or amendment only if, in the Master Servicer's or Special Servicer's, as
applicable, reasonable judgment, a material default on such Loan has occurred or
is reasonably foreseeable, and such modification, waiver or amendment is
reasonably likely to produce a greater recovery to Certificateholders (and in
the case of the Companion Loan or B Note, the related holder of the Companion
Loan or B Note, as applicable, taken as a collective whole) on a net present
value basis.

            (d) Notwithstanding Sections 3.20(a)(i), 3.20(c)(i) and 3.20(c)(ii),
but subject to Section 3.20(e), the Special Servicer may (i) reduce the amounts
owing under any Specially Serviced Loan by forgiving principal, accrued interest
and/or any Yield Maintenance Charge, (ii) reduce the amount of the Monthly
Payment on any Specially Serviced Loan, including by way of a reduction in the
related Mortgage Rate, (iii) forbear in the enforcement of any right granted
under any Note or Mortgage relating to a Specially Serviced Loan, (iv) waive
Excess Interest if such waiver conforms to the Servicing Standard and/or (v)
accept a Principal Prepayment during any Lockout Period; provided that the
related Borrower is in default with respect to the Specially Serviced Loan or,
in the judgment of the Special Servicer, such default is reasonably foreseeable.

            (e) Neither the Master Servicer nor the Special Servicer shall
consent to, make or permit (i) any modification with respect to any Loan or
Companion Loan that would change the Mortgage Rate, reduce or increase the
principal balance (except for reductions resulting from actual payments of
principal) or change the final Maturity Date of such Loan or Companion Loan
unless both (A) the related Borrower is in default with respect to the Loan or
Companion Loan or, in the judgment of the Special Servicer, such default is
reasonably foreseeable and (B) in the sole good faith judgment of the Special
Servicer and in accordance with the Servicing Standard, such modification would
increase the recovery on the Loan or Companion Loan to Certificateholders (and
in the case of the Companion Loan or B Note, the related holder of the Companion
Loan or B Note, as applicable, taken as a collective whole) on a present value
basis (the relevant discounting of amounts that will be distributable to
Certificateholders, the holder of the Companion Loan or the holder of the B Note
to be performed at the related Mortgage Rate) or (ii) any modification, waiver
or amendment of any term of any Loan or Companion Loan that would either (A)
unless there shall exist a default with respect to the Loan or Companion Loan
(or unless the Special Servicer determines that a default is reasonably
foreseeable), constitute a "significant modification" under Treasury Regulations
Section 1.860G-2(b) or (B) cause any Trust REMIC or REMIC under any
securitization containing the Companion Loan to fail to qualify as a REMIC under
the Code or result in the imposition of any tax on "prohibited transactions" or
"contributions" after the Startup Day under the REMIC Provisions.

            Notwithstanding the foregoing, the Special Servicer shall not extend
the date on which any Balloon Payment is scheduled to be due beyond that
otherwise permitted in Section 3.20(f) unless (x) the Special Servicer has
obtained an Appraisal (at the expense of the Trust Fund, payable as a Servicing
Advance) of the related Mortgaged Property (or, with respect to any related Loan
with an outstanding principal balance less than $2,000,000, has performed an
internal valuation) in connection with such extension, which Appraisal or
internal valuation supports the determination of the Special Servicer
contemplated by clause (i)(B) of the immediately preceding paragraph or (y) the
related Loan or Companion Loan has not been in default at any time during the
twelve-month period preceding the Maturity Date of such Loan or Companion Loan,
in which case the Special Servicer, on one occasion only, may extend the date on
which such Balloon Payment is due to a date not more than 60 days after such
Maturity Date.

            The determination of the Special Servicer contemplated by clause
(i)(B) of the first paragraph of this Section 3.20(e) shall be evidenced by an
Officer's Certificate to such effect delivered to the Trustee and the Master
Servicer and describing in reasonable detail the basis for the Special
Servicer's determination and the considerations of the Special Servicer forming
the basis of such determination (which shall include but shall not be limited to
information, to the extent available, such as related income and expense
statements, rent rolls, occupancy status and property inspections, and shall
include an Appraisal of the related Loan or Companion Loan or Mortgaged
Property, the cost of which Appraisal shall be advanced by the Master Servicer
as a Servicing Advance).

            (f) In no event shall the Special Servicer (i) extend the Maturity
Date of a Loan or Companion Loan beyond a date that is three years prior to the
Rated Final Distribution Date; (ii) extend the Maturity Date of any Loan or
Companion Loan at an interest rate less than the lower of (a) the interest rate
in effect prior to such extension or (b) the then prevailing interest rate for
comparable loans, as determined by the Special Servicer by reference to
available indices for commercial mortgage lending; (iii) if the Loan is secured
by a ground lease, extend the Maturity Date of such Loan beyond a date which is
10 years prior to the expiration of the term of such ground lease; or (iv) defer
interest due on any Loan or Companion Loan in excess of 5% of the Stated
Principal Balance of such Loan or Companion Loan; provided that with respect to
clause (iii) above, the Special Servicer gives due consideration to the term of
such ground lease prior to any extension beyond a date 20 years prior to the
expiration of the term of such ground lease.

            (g) Neither the Master Servicer nor the Special Servicer may permit
or modify a Loan or Companion Loan to permit a voluntary Principal Prepayment of
a Loan or Companion Loan (other than a Specially Serviced Loan) on any day other
than its Due Date, unless (i) the Master Servicer or Special Servicer also
collects interest thereon through the Due Date following the date of such
Principal Prepayment, (ii) otherwise permitted under the related Loan Documents,
(iii) such Principal Prepayment would not result in a Prepayment Interest
Shortfall or (iv) such Principal Prepayment is accepted by the Master Servicer
or the Special Servicer at the request of or with the consent of the Directing
Certificateholder, or if accepted by the Master Servicer, with the consent of
the Special Servicer.

            (h) The Master Servicer and the Special Servicer may, as a condition
to granting any request by a Borrower for consent, modification, waiver or
indulgence or any other matter or thing, the granting of which is within its
discretion pursuant to the terms of the instruments evidencing or securing the
related Loan or Companion Loan and is permitted by the terms of this Agreement,
require that such Borrower pay to it (i) as additional servicing compensation, a
reasonable or customary fee for the additional services performed in connection
with such request (provided, such fee does not constitute a "significant
modification" of such Loan or Companion Loan under Treasury Regulations Section
1.860G-2(b)), and (ii) any related costs and expenses incurred by it. In no
event shall the Special Servicer be entitled to payment for such fees or
expenses unless such payment is collected from the related Borrower.

            (i) The Special Servicer shall notify the Master Servicer, any
related Sub-Servicers and the Trustee, in writing, of any modification, waiver
or amendment of any term of any Loan or Companion Loan (including fees charged
the Borrower) and the date thereof, and shall deliver to the Trustee (with a
copy to the Master Servicer) for deposit in the related Mortgage File, an
original counterpart of the agreement relating to such modification, waiver or
amendment, promptly (and in any event within ten Business Days) following the
execution thereof. The Master Servicer or Special Servicer, as applicable, shall
notify the Rating Agencies of any modification, waiver or amendment of any term
of any Loan or Companion Loan. Copies of each agreement whereby any such
modification, waiver or amendment of any term of any Loan or Companion Loan is
effected shall be made available for review upon prior request during normal
business hours at the offices of the Master Servicer or Special Servicer, as
applicable, pursuant to Section 3.15 hereof. The Master Servicer shall notify
the holder of the B Note and Companion Loan of any modification of the monthly
payments of the Westfarms Mall Total Loan, as the case may be, and such monthly
payments shall be allocated in accordance with the related Intercreditor
Agreements.

            (j) With respect to each Borrower that has been established as a
"bankruptcy-remote entity," the Master Servicer shall not consent to (x) the
amendment by such Borrower of its organizational documents or (y) any action
that would violate any covenant of such Borrower relating to its status as a
separate or bankruptcy-remote entity. The Master Servicer shall promptly forward
to the Special Servicer any request received by the Master Servicer from a
Borrower for any such consent. If a Borrower has been established as a
"bankruptcy-remote entity," the Special Servicer shall not consent to (x) the
amendment by such Borrower of its organizational documents or (y) any action
that would violate any covenant of such Borrower relating to its status as a
separate or bankruptcy-remote entity, unless with respect to a Borrower under
any Loan or Companion Loan, the Special Servicer has obtained written
confirmation from each of the Rating Agencies that such amendment or action
would not result in a downgrade or withdrawal of any rating on a Class of
Certificates rated by such Rating Agency.

            Section 3.21 Transfer of Servicing Between Master Servicer and
Special Servicer; Record Keeping; Asset Status Report.

            (a) Upon determining that a Servicing Transfer Event has occurred
with respect to any Loan or Companion Loan, the Master Servicer shall
immediately give notice thereof to the Special Servicer, the Trustee, each
Rating Agency, the Directing Certificateholder and any Requesting Subordinate
Certificateholder (at the expense of such requesting Holder) (and, solely as it
relates to the Westfarms Mall Total Loan, to the holder of the related B Note
and to the holder of the related Companion Loan, as applicable), shall deliver
copies of the related Mortgage File and Credit File to the Special Servicer and
the Directing Certificateholder and shall use its reasonable efforts to provide
the Special Servicer with all information, documents and records (including
records stored electronically on computer tapes, magnetic discs and the like)
relating to such Loan or Companion Loan that are in the possession of the Master
Servicer or available to the Master Servicer without undue burden or expense,
and reasonably requested by the Special Servicer to enable it to assume its
functions hereunder with respect thereto. The Master Servicer shall use its
reasonable efforts to comply with the preceding sentence within five Business
Days of the occurrence of each related Servicing Transfer Event and in any event
shall continue to act as Master Servicer and administrator of such Loan or
Companion Loan until the Special Servicer has commenced the servicing of such
Loan or Companion Loan. The Trustee shall deliver to the Underwriters, the
Initial Purchasers and each Holder of a Certificate of the Controlling Class, a
copy of the notice of such Servicing Transfer Event provided by the Master
Servicer to the Special Servicer pursuant to this Section.

            Upon determining that a Specially Serviced Loan (other than an REO
Loan) has become a Corrected Loan (provided no additional Servicing Transfer
Event is foreseeable in the reasonable judgment of the Special Servicer) and
that no other Servicing Transfer Event is continuing with respect thereto, the
Special Servicer shall immediately give notice thereof and shall return the
related Mortgage File and Credit File to the Master Servicer and, upon giving
such notice and returning such Mortgage File and Credit File to the Master
Servicer, the Special Servicer's obligation to service such Corrected Loan shall
terminate and the obligations of the Master Servicer to service and administer
such Loan shall re-commence. With respect to the Westfarms Mall Total Loan, in
determining whether such loan has become a Corrected Loan, the related B Note
and the related Companion Loan must also be determined to be Corrected Loans for
the Special Servicer's obligation to terminate for such loans.

            (b) In servicing any Specially Serviced Loan, the Special Servicer
will provide to the Trustee originals of documents included within the
definition of "Mortgage File" for inclusion in the related Mortgage File (with a
copy of each such original to the Master Servicer), and provide the Master
Servicer with copies of any additional related Loan information including
correspondence with the related Borrower.

            (c) No later than the fourth Business Day prior to each
Determination Date, by 4:00 p.m. New York City time, the Special Servicer shall
deliver to the Master Servicer a statement, both written and in computer
readable format reasonably acceptable to the Master Servicer and the Special
Servicer (upon which the Master Servicer may conclusively rely) describing, on a
loan-by-loan and property-by-property basis, (1) the information described in
clause (vii) of Section 4.02(a) with respect to each Specially Serviced Loan and
the information described in clause (viii) of Section 4.02(a) with respect to
each REO Property, (2) the amount of all payments, Insurance and Condemnation
Proceeds and Liquidation Proceeds received with respect to each Specially
Serviced Loan during the related Due Period, and the amount of all REO Revenues,
Insurance and Condemnation Proceeds and Liquidation Proceeds received with
respect to each REO Property during the related Due Period, (3) the amount,
purpose and date of all Servicing Advances made by the Master Servicer with
respect to each Specially Serviced Loan and REO Property during the related Due
Period, (4) the information described in clauses (v), (vii), (viii), (xi), (xvi)
and (xvii) of Section 4.02(a) and (5) such additional information or data
relating to the Specially Serviced Loan and REO Properties as the Master
Servicer reasonably requests to enable it to perform its responsibilities under
this Agreement which is in the Special Servicer's possession or is reasonably
obtainable by the Special Servicer.

            (d) Notwithstanding the provisions of the preceding clause (c), the
Master Servicer shall maintain ongoing payment records with respect to each of
the Specially Serviced Loans and REO Properties and shall provide the Special
Servicer with any information in its possession required by the Special Servicer
to perform its duties under this Agreement.

            (e) No later than 30 days after receipt by the Special Servicer of
the information reasonably required by the Special Servicer after a Servicing
Transfer Event for a Loan or Companion Loan, the Special Servicer shall deliver
to each Rating Agency, the Master Servicer and the Directing Certificateholder a
report (the "Asset Status Report") with respect to such Loan or Companion Loan
and the related Mortgaged Property. Any Asset Status Report with respect to the
Westfarms Mall Loan will also be delivered to the holders of the B Note and the
Westfarms Mall Companion Loan. Such Asset Status Report shall set forth the
following information to the extent reasonably determinable:

                  (i) summary of the status of such Specially Serviced Loan;

                  (ii) a discussion of the legal and environmental
            considerations reasonably known to the Special Servicer, consistent
            with the Servicing Standard, that are applicable to the exercise of
            remedies as aforesaid and to the enforcement of any related
            guaranties or other collateral for the related Loan and whether
            outside legal counsel has been retained;

                  (iii) the most current rent roll and income or operating
            statement available for the related Mortgaged Property;

                  (iv) the Appraised Value of the Mortgaged Property together
            with the assumptions used in the calculation thereof;

                  (v) a recommendation by the Special Servicer as to how such
            Specially Serviced Mortgage Loan might be returned to performing
            status, returned to the Master Servicer for regular servicing or
            otherwise realized upon;

                  (vi) a summary of any proposed actions and an analysis of
            whether or not taking such action is reasonably likely to produce a
            greater recovery on a present value basis than not taking such
            action, setting forth the basis on which the Special Servicer made
            such determination;

                  (vii) a status report on any foreclosure actions or other
            proceedings undertaken with respect to such mortgaged real property,
            any proposed workouts with respect thereto and the status of any
            negotiations with respect to such workouts, and an assessment of the
            likelihood of additional events of default thereon; and

                  (viii) such other information as the Special Servicer deems
            relevant in light of the Servicing Standard.

            With respect to any Loan that becomes a Specially Serviced Loan
(excluding the Westfarms Mall Loan), if within ten Business Days of receiving an
Asset Status Report, the Directing Certificateholder does not disapprove such
Asset Status Report in writing, the Special Servicer shall implement the
recommended action as outlined in such Asset Status Report; provided, however,
that the Special Servicer may not take any action that is contrary to applicable
law or the terms of the applicable Loan Documents. If the Directing
Certificateholder disapproves such Asset Status Report, the Special Servicer
shall revise such Asset Status Report and deliver to the Directing
Certificateholder, the Rating Agencies and the Master Servicer a new Asset
Status Report as soon as practicable, but in no event later than 30 days after
such disapproval.

            The Special Servicer shall revise such Asset Status Report as
described above in this Section 3.21(e) until the earlier of (a) the failure of
the Directing Certificateholder to disapprove such revised Asset Status Report
in writing within 10 Business Days of receiving such revised Asset Status
Report; (b) a determination by the Special Servicer as set forth below or (c)
the passage of 60 days from the date of preparation of the first Asset Status
Report. The Special Servicer shall deliver such finalized Asset Status Report to
the Directing Certificateholder, the Rating Agencies, the Master Servicer and
any Requesting Subordinate Certificateholder (at the expense of such requesting
Holder). The Special Servicer may, from time to time, modify any Asset Status
Report it has previously delivered and implement such report, provided such
report shall have been prepared, reviewed and not rejected pursuant to the terms
of this Section. Notwithstanding the foregoing, the Special Servicer (i) may,
following the occurrence of an extraordinary event with respect to the related
Mortgaged Property, take any action set forth in such Asset Status Report before
the expiration of a ten (10) Business Day period if the Special Servicer has
reasonably determined that failure to take such action would materially and
adversely affect the interests of the Certificateholders and it has made a
reasonable effort to contact the Directing Certificateholder and (ii) in any
case, shall determine whether any affirmative disapproval by the Directing
Certificateholder described in this paragraph is not in the best interest of all
the Certificateholders pursuant to the Servicing Standard.

            In addition to the foregoing, the Special Servicer is required to,
subject to the Servicing Standard, obtain the consent of the Directing
Certificateholder prior to the taking by the Special Servicer of the following
actions: (i) any proposed or actual foreclosure upon or comparable conversion
of, which may include acquisitions of an REO Property, the ownership of the
property or properties securing any Specially Serviced Loans as come into and
continue in default; (ii) any modification, amendment or waiver of a monetary
term (including any change in the timing of payments but excluding the waiver of
Default Interest and late payment charges) or any material non-monetary term
(excluding any waiver of a due-on-sale or due-on-encumbrance clause, which is
covered by clause (viii) below) of a Loan; (iii) any acceptance of a discounted
payoff with respect to a Specially Serviced Loan; (iv) any proposed or actual
sale of an REO Property out of the Trust Fund for less than the outstanding
principal balance of, and accrued interest (other than Default Interest and
Excess Interest) on, the related Loan, except in connection with a termination
of the Trust Fund; (v) any determination to bring an REO Property held by the
Trust Fund into compliance with applicable environmental laws or to otherwise
address hazardous material located at the REO Property; (vi) any release of
material collateral for a Loan, other than in accordance with the specific terms
of, or upon satisfaction of, that Loan; (vii) any acceptance of substitute or
additional collateral for a Specially Serviced Loan, other than in accordance
with the specific terms of that Loan; (vii) any releases of earn-out reserves or
related letters of credit with respect to a Mortgaged Property securing a Loan;
and (viii) any waiver of a due-on-sale or due-on-encumbrance clause in a Loan.

            If any of the previous listed items is set forth as proposed action
in any Asset Status Report, the Special Servicer is required to follow the
consultation procedures set forth above.

            The Special Servicer shall be required to deliver to the holder of
the A-2 Note a copy of its Asset Status Report with respect to the Westfarms
Mall Loan no later than 30 days after the related Servicing Transfer Event. If
the holder of the A-2 Note disagrees with any aspect of the Asset Status Report,
the holder of the A-2 Note shall have the right to consult with the holder of
the A-1 Note and the Special Servicer for the period from the date of receipt of
the Asset Status Report through (but excluding) the tenth (10th) Business Day
following such date of receipt (the "Initial Review Period"). If within ten (10)
Business Days of receiving an Asset Status Report, the holder of the A-2 Note
does not disapprove such Asset Status Report in writing, the Special Servicer
shall (unless it has been directed to do otherwise by the Directing
Certificateholder or has elected another course of action pursuant to
consultation with the holder of the B Note, in which event the Special Servicer
shall advise the holder of the A-2 Note of such alternate course of action)
implement the recommended action as outlined in such Asset Status Report;
provided, however, that the Special Servicer may not take any action that is
contrary to applicable law or the terms of the applicable Loan Documents. In the
event that the holder of the A-2 Note disagrees with any aspect of the Asset
Status Report and, after consulting with the Special Servicer during the Initial
Review Period, is unable to reach agreement on such matters and notifies the
Special Servicer of such disagreement in writing, then the holder of the A-2
Note shall be entitled to an additional period of five Business Days (the
"Additional Review Period") to continue its discussions with the Special
Servicer. In the event that the holder of the A-2 Note and the Directing
Certificateholder agree on a revised course of action within the Initial Review
Period or the Additional Review Period, then the Special Servicer shall revise
the Asset Status Report to reflect such revised course of action and shall
implement such course of action. In the event that the holder of the A-2 Note
and Directing Certificateholder are unable to agree on the appropriate course of
action by the end of the Additional Review Period, then the Special Servicer
shall decide, in accordance with the Servicing Standard, whether to follow the
Directing Certificateholder's preferred course of action, the holder of the A-2
Note's preferred course of action or the course of action outlined in the Asset
Status Report. Following such determination by the Special Servicer, the Special
Servicer will make any necessary revisions to the Asset Status Report and shall
implement such course of action.

            The Special Servicer shall have the authority to meet with the
Borrower for any Specially Serviced Loan and take such actions consistent with
the Servicing Standard and the related Asset Status Report. The Special Servicer
shall not take any action inconsistent with the related Asset Status Report,
unless such action would be required in order to act in accordance with the
Servicing Standard.

            No direction of the Directing Certificateholder (or in the case of
the Westfarms Mall Loan, the holder of the A-1 Note or A-2 Note) shall (a)
require or cause the Special Servicer to violate the terms of a Specially
Serviced Loan, applicable law or any provision of this Agreement, including the
Special Servicer's obligation to act in accordance with the Servicing Standard
and to maintain the REMIC status of each Trust REMIC, or (b) result in the
imposition of a "prohibited transaction" or "prohibited contribution" tax under
the REMIC Provisions, or (c) expose the Master Servicer, the Special Servicer,
the Depositor, either of the Mortgage Loan Sellers, the Trust Fund, the Trustee,
the Fiscal Agent or their Affiliates, officers, directors, employees or agents
to any claim, suit or liability, or (d) materially expand the scope of the
Special Servicer's or the Master Servicer's responsibilities under this
Agreement; and the Special Servicer will neither follow any such direction if
given by the Directing Certificateholder nor initiate any such actions.

            (f) Upon receiving notice of (i) the filing of a case under any
federal or state bankruptcy, insolvency or similar law or the commencing of any
insolvency, readjustment of debt, marshaling of assets and liabilities or
similar proceedings with respect to a Loan or the related Borrower, (ii) the
existence of a material non-payment default or (iii) the request by a Borrower
for the amendment or modification of a Loan required to be handled by the
Special Servicer, the Master Servicer shall promptly give notice thereof, and
shall deliver copies of the related Mortgage File and Credit File to the Special
Servicer and shall use its reasonable efforts to provide the Special Servicer
with all information relating to the Loan and reasonably requested by the
Special Servicer to enable it to negotiate with the related Borrower and prepare
for any such proceedings. The Master Servicer shall use its reasonable efforts
to comply with the preceding sentence within 5 Business Days of the occurrence
of each such event, and upon receiving such documents and information, the
Special Servicer shall use its reasonable efforts to cause the related Borrower
to cure any default and/or remedy any such event, work out or modify the Loan
consistent with the terms of this Agreement, and/or prepare for such
proceedings. Notwithstanding the foregoing, the occurrence of any of the
above-referenced events shall not in and of itself be considered a Servicing
Transfer Event.

            Section 3.22 Sub-Servicing Agreements.

            (a)  The Master Servicer may enter into Sub-Servicing Agreements to
provide for the performance by third parties of any or all of its respective
obligations under this Agreement; provided that the Sub-Servicing Agreement: (i)
is consistent with this Agreement in all material respects and requires the
Sub-Servicer to comply with all of the applicable conditions of this Agreement;
(ii) provides that if the Master Servicer shall for any reason no longer act in
such capacity hereunder (including by reason of an Event of Default), 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 such agreement
or, alternatively, may terminate such Sub-Servicing Agreement without cause and
without payment of any penalty or termination fee (provided, however, that a
Primary Servicing Agreement may not be terminated except for cause pursuant to
such Primary Servicing Agreement); (iii) provides that the Trustee for the
benefit of the Certificateholders shall be a third-party beneficiary under such
Sub-Servicing Agreement, but that (except to the extent the Trustee or its
designee assumes the obligations of the Master Servicer thereunder as
contemplated by the immediately preceding clause (ii), and except with respect
to the obligations of any successor Master Servicer under the Primary Servicing
Agreements) none of the Trust Fund, the Trustee, any successor Master Servicer,
Special Servicer or any Certificateholder shall have any duties under such
Sub-Servicing Agreement or any liabilities arising therefrom; (iv) except with
respect to the Primary Servicing Agreements, permits any purchaser of a Loan or
the Trustee pursuant to this Agreement to terminate such Sub-Servicing Agreement
with respect to such purchased Loan at its option and without penalty; (v) does
not permit the Sub-Servicer any direct rights of indemnification that may be
satisfied out of assets of the Trust Fund except to the extent of its rights of
indemnification, if any, as an agent of the Master Servicer; (vi) does not
permit the Sub-Servicer to foreclose on the related Mortgaged Property or
consent to the modification of any Loan without the prior consent of the Master
Servicer or the Special Servicer, as applicable; (vii) provides that the
Sub-Servicer shall act in accordance with the Servicing Standard; and (viii)
provides that in the event of an act or failure to act by the Sub-Servicer that
causes the Master Servicer to be in default of its obligations under this
Agreement, the Sub-Servicer shall be in default of its obligations under such
Sub-Servicing Agreement. Any successor Master Servicer, upon becoming successor
Master Servicer, shall have the right to be assigned and shall have the right to
assume any Sub-Servicing Agreements from the predecessor Master Servicer. Upon a
termination of the Master Servicer pursuant to this Agreement, the successor to
the Master Servicer (other than the Trustee or its designee) shall automatically
succeed to the rights and obligations of the prior Master Servicer, under the
Primary Servicing Agreement, subject to the termination rights set forth
therein, it being understood that any such succession by the Trustee or its
designee shall not be automatic but shall be in the discretion of the Trustee or
such designee.

            In addition, each Sub-Servicing Agreement entered into by the Master
Servicer may provide that the obligations of the Sub-Servicer thereunder shall
terminate with respect to any Loan serviced thereunder at the time such Loan
becomes a Specially Serviced Loan; provided, however, that the rights and
obligations of a Primary Servicer under a Primary Servicing Agreement shall not
terminate with respect to any Loan that becomes a Specially Serviced Loan. The
Master Servicer shall deliver to the Trustee copies of all Sub-Servicing
Agreements, and any amendments thereto and modifications thereof, entered into
by it promptly upon its execution and delivery of such documents. For purposes
of this Agreement, the Master Servicer shall be deemed to have received any
payment when a Sub-Servicer retained by it receives such payment. The Master
Servicer shall notify the Special Servicer, the Trustee and the Depositor in
writing promptly of the appointment by it of any Sub-Servicer. The Special
Servicer shall notify the Master Servicer, the Trustee and the Depositor in
writing promptly of the appointment by it of any Sub-Servicer.

            It is hereby acknowledged and agreed by all parties hereto that
KRECM shall be a Primary Servicer pursuant to a Primary Servicing Agreement with
the Master Servicer, which agreement shall comply with the provisions of this
Section 3.22(a) (including clause (iv) of the first paragraph of this Section
3.22(a)). Pursuant to the Primary Servicing Agreement between the Master
Servicer and KRECM, KRECM shall perform most or all of the duties of the Master
Servicer with respect to the KRECM Serviced Loans and shall be entitled to
receive a Primary Servicing Fee at the applicable Primary Servicing Fee Rate and
such other additional servicing compensation as provided in such Primary
Servicing Agreement, in accordance with the terms of such Primary Servicing
Agreement. Notwithstanding anything herein to the contrary, the Master Servicer
may delegate to KRECM under such Primary Servicing Agreement its duties and
obligations under Sections 3.03 and 4.03 to make Advances with respect to the
Westfarms Mall Total Loan directly to the Trustee or to any other Person
requiring payment of an Advance, provided, that the Master Servicer shall remain
obligated for any Advance with respect to the Westfarms Mall Loan that KRECM
fails to make. In case of such delegation, KRECM shall have the right under such
Primary Servicing Agreement to seek recovery of such Advances, including
interest thereon.

            (b) Each Sub-Servicer shall be authorized to transact business in
the state or states in which the related Mortgaged Properties it is to service
are situated, if and to the extent required by applicable law.

            (c) As part of its servicing activities hereunder, the Master
Servicer, for the benefit of the Trustee and the Certificateholders, shall (at
no expense to the Trustee, the Certificateholders or the Trust Fund) monitor the
performance and enforce the obligations of each Sub-Servicer under the related
Sub-Servicing Agreement. Such enforcement, including, without limitation, the
legal prosecution of claims, termination of Sub-Servicing Agreements in
accordance with their respective terms and the pursuit of other appropriate
remedies, shall be in such form and carried out to such an extent and at such
time as the Master Servicer would require were it the owner of the Loans. The
Master Servicer shall have the right to remove a Sub-Servicer retained by it in
accordance with the terms of the related Sub-Servicing Agreement upon the events
of default and other termination events specified in the related Sub-Servicing
Agreement.

            (d) If the Trustee or its designee becomes successor Master Servicer
and elects or is required to assume the rights and obligations of the Master
Servicer under any Sub-Servicing Agreement, the Master Servicer, at its expense,
shall deliver to the assuming party all documents and records relating to such
Sub-Servicing Agreement and the Loans then being serviced thereunder and an
accounting of amounts collected and held on behalf of it thereunder, and
otherwise use reasonable efforts to effect the orderly and efficient transfer of
the Sub-Servicing Agreement to the assuming party.

            (e) Notwithstanding the provisions of any Sub-Servicing Agreement,
the Master Servicer represents and warrants that it shall remain obligated and
liable to the Trustee and the Certificateholders for the performance of its
obligations and duties under this Agreement in accordance with the provisions
hereof to the same extent and under the same terms and conditions as if it alone
were servicing and administering the Loans for which it is responsible, and the
Master Servicer shall pay the fees of any Sub-Servicer thereunder from its own
funds or, with respect to the Primary Servicers, shall permit each to retain the
Primary Servicing Fees and any additional servicing compensation payable
pursuant to the related Sub-Servicing Agreement from amounts collected by such
Primary Servicer. Such additional servicing compensation shall not exceed the
Additional Servicing Compensation payable to the Master Servicer under this
Agreement, shall be paid out of such Additional Servicing Compensation and shall
not be paid from any amount otherwise payable to the Special Servicer hereunder.
In no event shall the Trust Fund bear any termination fee required to be paid to
any Sub-Servicer as a result of such Sub-Servicer's termination under any
Sub-Servicing Agreement.

            Section 3.23 Representations, Warranties and Covenants of the Master
Servicer.

            (a) The Master Servicer hereby represents and warrants to the
Trustee and the Fiscal Agent, for its own benefit and the benefit of the
Certificateholders, and to the Depositor and the Special Servicer, as of the
Closing Date, that:

                  (i) The Master Servicer is a corporation, duly organized,
            validly existing and in good standing under the laws of Delaware,
            and the Master Servicer is in compliance with the laws of each State
            in which any Mortgaged Property is located to the extent necessary
            to perform its obligations under this Agreement, except where the
            failure to so qualify or comply would not have a material adverse
            effect on the ability of the Master Servicer to perform its
            obligations hereunder;

                  (ii) The execution and delivery of this Agreement by the
            Master Servicer, and the performance and compliance with the terms
            of this Agreement by the Master Servicer, will not (A) violate the
            Master Servicer's certificate of incorporation and by-laws or (B)
            constitute a default (or an event which, with notice or lapse of
            time, or both, would constitute a default) under, or result in the
            breach of, any material agreement or other instrument to which it is
            a party or by which it is bound, or (C) result in the violation of
            any law, rule, regulation, order, judgment or decree binding on the
            Master Servicer which, in the case of either (B) or (C) is likely to
            materially and adversely affect the Master Servicer's ability to
            perform hereunder;

                  (iii) This Agreement, assuming due authorization, execution
            and delivery by the other parties hereto, constitutes a valid, legal
            and binding obligation of the Master Servicer, enforceable against
            the Master Servicer in accordance with the terms hereof, except as
            such enforcement may be limited by (A) applicable bankruptcy,
            insolvency, reorganization, liquidation, receivership, moratorium
            and other laws relating to or affecting creditors' rights generally,
            and (B) general principles of equity, regardless of whether such
            enforcement is considered in a proceeding in equity or at law;

                  (iv) The Master Servicer is not in violation with respect to
            any law, any order or decree of any court, or any order, regulation
            or demand of any federal, state, municipal or governmental agency,
            which violations are reasonably likely to have consequences that
            would materially and adversely affect the financial condition or
            operations of the Master Servicer or its properties taken as a whole
            or are reasonably likely to have consequences that would materially
            and adversely affect its ability to perform its duties and
            obligations hereunder;

                  (v)  No litigation is pending or, to the best of the Master
            Servicer's knowledge, threatened against the Master Servicer which
            would prohibit the Master Servicer from entering into this Agreement
            or, in the Master Servicer's good faith and reasonable judgment, is
            likely to materially and adversely affect the ability of the Master
            Servicer to perform its obligations under this Agreement;

                  (vi) No consent, approval, authorization or order of any court
            or governmental agency or body is required for the execution,
            delivery and performance by the Master Servicer, or compliance by
            the Master Servicer with, this Agreement or the consummation of the
            Master Servicer's transactions contemplated by this Agreement,
            except for any consent, approval, authorization or order which has
            been obtained or cannot be obtained prior to the actual performance
            by the Master Servicer of its obligations under this Agreement, or
            which, if not obtained would not have a materially adverse effect on
            the ability of the Master Servicer to perform its obligations
            hereunder;

                  (vii) The Master Servicer has full corporate power and
            authority to enter into and perform in accordance with this
            Agreement, has duly authorized the execution, delivery and
            performance of this Agreement, and has duly executed and delivered
            this Agreement;

                  (viii) The Master Servicer has examined each Sub-Servicing
            Agreement to which it is a party, and shall examine each
            Sub-Servicing Agreement to which it intends to become a party, and
            in each such case, the terms of such Sub-Servicing Agreements are
            not, or, in the case of any Sub-Servicing Agreement to be entered
            into by the Master Servicer at a future date, will not be,
            materially inconsistent with the terms of this Agreement; and

                  (ix) Each officer and employee of the Master Servicer that has
            responsibilities concerning the servicing and administration of
            Loans is covered by errors and omissions insurance and the fidelity
            bond in the amounts and with the coverage required by Section
            3.07(c).

            (b) The representations and warranties set forth in paragraph (a)
above shall survive the execution and delivery of the Agreement.

            Section 3.24 Representations, Warranties and Covenants of the
Special Servicer.

            (a) The Special Servicer hereby represents and warrants to the
Trustee and Fiscal Agent, for its own benefit and the benefit of the
Certificateholders, and to the Depositor and the Master Servicer, as of the
Closing Date and as to the Special Servicer, that:

                  (i) The Special Servicer is a limited liability company duly
            organized, validly existing and in good standing under the laws of
            the State of New York, and the Special Servicer is in compliance
            with the laws of each State in which any Mortgaged Property is
            located to the extent necessary to perform its obligations under
            this Agreement;

                  (ii) The execution and delivery of this Agreement by the
            Special Servicer, and the performance and compliance with the terms
            of this Agreement by the Special Servicer, will not violate the
            Special Servicer's charter and by-laws or constitute a default (or
            an event which, with notice or lapse of time, or both, would
            constitute a default) under, or result in the breach of, any
            material agreement or other instrument to which it is a party or
            which is applicable to it or any of its assets, or result in the
            violation of any law, rule, regulation, order, judgment or decree to
            which the Special Servicer or its property is subject;

                  (iii) The Special Servicer has the full power and authority to
            enter into and consummate all transactions contemplated by this
            Agreement, has duly authorized the execution, delivery and
            performance of this Agreement, and has duly executed and delivered
            this Agreement;

                  (iv) This Agreement, assuming due authorization, execution and
            delivery by each of the other parties hereto, constitutes a valid,
            legal and binding obligation of the Special Servicer, enforceable
            against the Special Servicer in accordance with the terms hereof,
            subject to (A) applicable bankruptcy, insolvency, reorganization,
            moratorium and other laws affecting the enforcement of creditors'
            rights generally and (B) general principles of equity, regardless of
            whether such enforcement is considered in a proceeding in equity or
            at law;

                  (v) The Special Servicer is not in violation of, and its
            execution and delivery of this Agreement and its performance and
            compliance with the terms of this Agreement will not constitute a
            violation of, any law, any order or decree of any court or arbiter,
            or any order, regulation or demand of any federal, state or local
            governmental or regulatory authority, which violation, in the
            Special Servicer's good faith and reasonable judgment, is likely to
            affect materially and adversely either the ability of the Special
            Servicer to perform its obligations under this Agreement or the
            financial condition of the Special Servicer;

                  (vi) No litigation is pending or, to the best of the Special
            Servicer's knowledge, threatened against the Special Servicer which
            would prohibit the Special Servicer from entering into this
            Agreement or, in the Special Servicer's good faith and reasonable
            judgment, is likely to materially and adversely affect either the
            ability of the Special Servicer to perform its obligations under
            this Agreement or the financial condition of the Special Servicer;

                  (vii) Each officer, director or employee of the Special
            Servicer that has or, following the occurrence of a Servicing
            Transfer Event, would have responsibilities concerning the servicing
            and administration of Loans is covered by errors and omissions
            insurance and fidelity bond in the amounts and with the coverage
            required by Section 3.07(c). Neither the Special Servicer nor any of
            its officers, directors or employees that is or, following the
            occurrence of a Servicing Transfer Event, would be involved in the
            servicing or administration of Loans has been refused such coverage
            or insurance;

                  (viii) No consent, approval, authorization or order of any
            court or governmental agency or body is required for the execution,
            delivery and performance by the Special Servicer, or compliance by
            the Special Servicer with, this Agreement or the consummation of the
            transactions contemplated by this Agreement, except for any consent,
            approval, authorization or order which has been obtained or cannot
            be obtained prior to the actual performance by the Special Servicer
            of its obligations under this Agreement, or which, if not obtained
            would not have a materially adverse effect on the ability of the
            Special Servicer to perform its obligations hereunder;

                  (ix) The Special Servicing Fee represents reasonable servicing
            compensation; and

                  (x) The Special Servicer has examined each Sub-Servicing
            Agreement to which it is a party, and shall examine each
            Sub-Servicing Agreement to which it intends to become a party, and
            in each such case, the terms of such Sub-Servicing Agreements are
            not, or, in the case of any Sub-Servicing Agreement to be entered
            into by the Special Servicer at a future date, will not, be
            materially inconsistent with the terms of this Agreement.

            (b) The representations and warranties set forth in paragraph (a)
above and the covenant set forth in paragraph (b) above shall survive the
execution and delivery of the Agreement.

            Section 3.25 Limitation on Liability of the Directing
Certificateholder.

            By its acceptance of a Certificate, each Certificateholder confirms
its understanding that the Directing Certificateholder may take actions that
favor the interests of one or more Classes of the Certificates over other
Classes of the Certificates and that the Directing Certificateholder may have
special relationships and interests that conflict with those of Holders of some
Classes of the Certificates and, that the Directing Certificateholder shall have
no liability to any Certificateholder other than a Controlling Class
Certificateholder for any action taken or not taken and shall have no liability
to a Controlling Class Certificateholder absent willful misfeasance, bad faith,
negligence or negligent disregard of obligations or duties on the part of the
Directing Certificateholder, it being acknowledged that actions that favor the
interests of one or more Classes of the Certificates over other Classes of the
Certificates shall be deemed to not constitute willful misfeasance, bad faith,
negligence or negligent disregard of obligations or duties on the part of the
Directing Certificateholder) and each Certificateholder agrees to take no action
against the Directing Certificateholder as a result of such a special
relationship or conflict. Nothing in this section shall relieve Special Servicer
of any liability it may have under this Agreement.

            Section 3.26 Reports to the Securities and Exchange Commission;
Available Information.

            (a) The Trustee shall prepare for filing, and execute, on behalf of
the Trust Fund, and file with the Securities and Exchange Commission, (i) each
Statement to Certificateholders on Form 8-K within 15 days after each
Distribution Date in each month, (ii) prior to July 31, 2003, a Form 10-K in
substance conforming to industry standards, with respect to the Trust Fund, and
(iii) prior to January 31, 2003, a Form 15 Suspension Notification with respect
to the Trust Fund, if applicable. The Depositor hereby grants to the Trustee a
limited power of attorney to execute and file each such document on behalf of
the Depositor. Such power of attorney shall continue until either the earlier of
(i) receipt by the Trustee from the Depositor of written termination of such
power of attorney and (ii) the termination of the Trust Fund. The Depositor
agrees to promptly furnish to the Trustee, from time to time upon request, such
further information, reports and financial statements within its control related
to this Agreement and the Loans as the Trustee reasonably deems appropriate to
prepare and file all necessary reports with the Securities and Exchange
Commission. Upon such filing with the Securities and Exchange Commission, the
Trustee shall upon request deliver to the Depositor and the Master Servicer a
copy of any such executed report, statement or information. The Depositor shall
promptly file, and exercise its reasonable best efforts to obtain a favorable
response to, no-action requests to, or requests for other appropriate exemptive
relief from, the Securities and Exchange Commission regarding the usual and
customary exemption from certain reporting requirements granted to issuers of
securities similar to the Certificates. The Trustee shall have no responsibility
to file any items other than those specified in this section.

            (b) The Master Servicer may, in accordance with such reasonable
rules and procedures as it may adopt, also make available through its Website or
otherwise, any additional information relating to the Loans, the Mortgaged
Properties or the Borrowers, for review by the Depositor, the Rating Agencies
and any other Persons to whom the Master Servicer believes such disclosure is
appropriate, in each case except to the extent doing so is prohibited by
applicable law or by the related Loan.

            (c)  The Master Servicer and the Special Servicer shall make the
following items available at their respective offices during normal business
hours, or shall send such items to any requesting party at the expense of such
requesting party (other than the Rating Agencies, the Depositor and the
Underwriters, and except as otherwise provided in the last sentence of this
paragraph) for review by the Depositor, the Trustee, the Fiscal Agent, the
Rating Agencies, any Certificateholder, any Person identified to the Master
Servicer or the Special Servicer, as applicable, by a Certificateholder as a
prospective transferee of a Certificate and any other Persons to whom the Master
Servicer or the Special Servicer, as applicable, believes such disclosure to be
appropriate: (i) all financial statements, occupancy information, rent rolls,
retail sales information, average daily room rates and similar information
received by the Master Servicer or the Special Servicer, as applicable, from
each Borrower, (ii) the inspection reports prepared by or on behalf of the
Master Servicer or the Special Servicer, as applicable, in connection with the
property inspections pursuant to Section 3.19, (iii) any and all modifications,
waivers and amendments of the terms of a Loan entered into by the Master
Servicer or the Special Servicer, as applicable and (iv) any and all officer's
certificates and other evidence delivered to the Trustee and the Depositor to
support the Master Servicer's determination that any Advance was, or if made
would be, a Nonrecoverable Advance. Copies of any and all of the foregoing items
shall be available from the Master Servicer or the Special Servicer, as
applicable, or the Trustee, upon request. Copies of all such information shall
be delivered by the Master Servicer or the Special Servicer, as applicable, upon
request, not more frequently than quarterly to the Certificate Owners of the
Controlling Class (as identified by the related Depository Participant and for
so long as such Class remains outstanding) at the address specified by such
Certificate Owners; provided, however, that if beneficial ownership of the
Controlling Class resides in more than one Certificate Owner, the Master
Servicer or the Special Servicer, as applicable, shall be responsible only for
the expense of providing the first such copy of such information and shall be
entitled to reimbursement from the Trust Fund for the expense of any additional
copies so provided.

            (d) Notwithstanding the obligations of the Master Servicer set forth
in the preceding provisions of this Section 3.26, the Master Servicer may
withhold any information not yet included in a Form 8-K filed with the
Commission or otherwise made publicly available with respect to which the
Trustee or the Master Servicer has determined that such withholding is
appropriate.

            (e)  Notwithstanding any provisions in this Agreement to the
contrary, the Trustee shall not be required to review the content of any
Exchange Act Report for compliance with applicable securities laws or
regulations, completeness, accuracy or otherwise, and the Trustee shall have no
liability with respect to any Exchange Act Report filed with the Commission or
delivered to Certificateholders. None of the Master Servicer, the Special
Servicer and the Trustee shall be responsible for the accuracy or completeness
of any information supplied by a Borrower or a third party for inclusion in any
Form 8-K, and each of the Master Servicer, the Special Servicer and the Trustee
and their respective Affiliates, agents, directors, officers and employees shall
be indemnified and held harmless by the Trust Fund against any loss, liability
or expense incurred in connection with any legal action relating to any
statement or omission or alleged statement or omission therein. None of the
Trustee, the Fiscal Agent, the Special Servicer and the Master Servicer shall
have any responsibility or liability with respect to any Exchange Act Report
filed by the Depositor, and each of the Master Servicer, the Special Servicer,
the Trustee and the Fiscal Agent and their respective Affiliates, agents,
directors, officers and employees shall be indemnified and held harmless by the
Trust Fund against any loss, liability or expense incurred in connection with
any legal action relating to any statement or omission or alleged statement or
omission therein.

            (f)  Notwithstanding anything to the contrary herein, as a
condition to the Master Servicer or Special Servicer making any report or
information available upon request to any Person other than the parties hereto,
the Master Servicer and Special Servicer may require that the recipient of such
information acknowledge that the Master Servicer and Special Servicer may
contemporaneously provide such information to the Depositor, the Trustee, the
Fiscal Agent, the Initial Purchaser, any Underwriter, any Rating Agency and/or
Certificateholders or Certificate Owners. Each of the Master Servicer and the
Special Servicer shall condition such disclosure upon the recipient entering
into a reasonable and customary confidentiality agreement reasonably acceptable
to such servicer regarding such disclosure to it. In addition, any transmittal
of information by the Master Servicer or Special Servicer to any Person other
than the Trustee, the Fiscal Agent, the Rating Agencies or the Depositor may be
accompanied by a letter from the Master Servicer or Special Servicer containing
the following provision:

            By receiving the information set forth herein, you hereby
            acknowledge and agree that the United States securities laws
            restrict any person who possesses material, non-public information
            regarding the Trust which issued Credit Suisse First Boston Mortgage
            Securities Corp., Commercial Mortgage Pass-Through Certificates,
            Series 2002-CP3 from purchasing or selling such Certificates in
            circumstances where the other party to the transaction is not also
            in possession of such information. You also acknowledge and agree
            that such information is being provided to you for the purposes of,
            and such information may be used only in connection with, evaluation
            by you or another Certificateholder, Certificate Owner or
            prospective purchaser of such Certificates or beneficial interest
            therein.

            The Master Servicer and the Special Servicer may, at its discretion,
make available by hard copy, electronic media, internet website and bulletin
board service certain information and may make available by hard copy,
electronic media, internet website or bulletin board service any reports or
information required by this Agreement that the Master Servicer or the Special
Servicer is required to provide to the Trustee, any of the Rating Agencies, the
Depositor and anyone the Depositor reasonably designates.

            Section 3.27 Lock-Box Accounts and Servicing Accounts.

            (a) The Master Servicer shall administer each Lock-Box Account, Cash
Collateral Account and Servicing Account in accordance with the related Mortgage
or Loan Agreement, Cash Collateral Account Agreement or Lock-Box Agreement, if
any. Each Lock-Box Account, Cash Collateral Account and Servicing Account shall
be an Eligible Account, except to the extent provided in the related Loan
Documents.

            (b) For any Loan that provides that a Lock-Box Account will be
established upon the occurrence of certain events specified in the related Loan
Documents, the Master Servicer shall establish or cause to be established on
behalf of the Trust such Lock-Box Account upon the occurrence of such events
unless the Master Servicer determines, in accordance with the Servicing
Standard, that such Lock-Box Account should not be established. Notwithstanding
the foregoing, the Master Servicer shall establish or cause to be established a
Lock-Box Account for each ARD Loan no later than its Anticipated Repayment Date.

            (c) With respect to each Loan requiring the establishment of a
Lock-Box Account, the Master Servicer, upon receipt of the annual financial
statements of each Borrower, shall compare the gross revenue for the related
Mortgaged Property, as set forth in such financial statements, with the history
of the related Borrower's deposits (on an annual basis) into such Lock-Box
Account and shall report any discrepancies over 10% to the Special Servicer.

            (d) Within 60 days after a Servicing Account has been established on
behalf of a Borrower pursuant to the terms of the related Mortgage, the Master
Servicer (in accordance with the Uniform Commercial Code) shall notify the
financial institution maintaining such account of the Trustee's security
interest in the funds in such account in those jurisdictions where required in
order to perfect or maintain perfection of the related security interest.

            Section 3.28 Interest Reserve Account.

            (a) The Trustee shall establish, on or before the Closing Date, and
maintain the Interest Reserve Account on behalf of the Lower-Tier REMIC. The
Trustee shall give notice to the Master Servicer, the Special Servicer and the
Depositor of the location of the Interest Reserve Account and, prior to any
change thereof, any new location of the Interest Reserve Account. On each
Distribution Date ending in any February and on any Distribution Date ending in
any January which occurs in a year which is not a leap year, the Trustee shall
withdraw from the Lower-Tier Distribution Account and deposit into the Interest
Reserve Account in respect of each Loan accruing interest on an Actual/360
Basis, an amount withheld from the related Monthly Payment or P&I Advance equal
to one day's interest on the Stated Principal Balance of such Loan as of the
Distribution Date occurring in the month preceding the month in which the
Distribution Date occurs at the related Net Mortgage Rate, to the extent a full
Monthly Payment or P&I Advance is made in respect thereof (all amounts so
deposited in any January and, in the case of a leap year, in any February,
"Withheld Amounts").

            (b) On each Distribution Date occurring in March, the Trustee shall
withdraw from the Interest Reserve Account an amount equal to the Withheld
Amounts from the preceding December and January Interest Accrual Periods, if
any, and deposit such amount (excluding any net investment income thereon) into
the Lower-Tier Distribution Account. On each Distribution Date, the Trustee
shall deposit any Net Investment Loss into the Interest Reserve Account and
shall be permitted to withdraw any Net Investment Earnings from the Interest
Reserve Account.

            Section 3.29 Limitations on and Authorizations of the Master
Servicer and Special Servicer with Respect to Certain Loans.

            (a) Prior to taking any action with respect to a Loan secured by any
Mortgaged Properties located in a "one-action" state, the Special Servicer shall
consult with legal counsel, the fees and expenses of which shall be a Servicing
Advance.

            (b) With respect to any Loan which permits the related Borrower,
with the consent or grant of a waiver by the mortgagee, to incur additional
indebtedness (other than as provided in Section 3.08(g)) or to amend or modify
the related Borrower's organizational documents, the Special Servicer may
consent (subject, without limitation, to Section 3.20(e) hereof) to either such
action, or grant a waiver with respect thereto, only if the Special Servicer
determines that such consent or grant of waiver is likely to result in a greater
recovery on a present value basis (discounted at the related Mortgage Rate) than
the withholding of such consent or grant of waiver, and the Special Servicer
first obtains written confirmation from each Rating Agency that such consent or
grant of waiver would not, in and of itself, result in a downgrade,
qualification or withdrawal of any of the then-current ratings assigned to the
Certificates and further obtains the consent of the Directing Certificateholder.
The Master Servicer shall not be entitled or required to consent to, or grant a
waiver with respect to, either action, except in accordance with Section 3.08(g)
hereof.

            (c) With respect to any ARD Loan, so long as no event of default
beyond applicable notice and grace periods has occurred and is continuing, the
Master Servicer and the Special Servicer shall not take any enforcement action
with respect to the payment of Excess Interest or principal in excess of the
principal component of the constant Monthly Payment, other than requests for
collection, until the date on which principal and all accrued interest (other
than Excess Interest) has been paid in full (the failure of the Borrower to pay
Excess Interest shall not be considered an event of default for purposes of this
paragraph). Nothing in this paragraph shall limit the obligation of the Master
Servicer and the Special Servicer to establish a Lock-Box Account pursuant to
Section 3.28.

            (d) The Special Servicer shall not consent to a change of franchise
affiliation with respect to any hotel property that in whole or in part
constitutes the Mortgaged Property securing a Loan unless it obtains written
confirmation from each Rating Agency that such change of franchise affiliation
would not, in and of itself, result in a downgrade, qualification or withdrawal
of the then-current ratings on any Class of Certificates and further obtains the
consent of the Directing Certificateholder. The Master Servicer shall receive
any such request from Borrower, and shall forward its analysis and
recommendation to the Special Servicer. The Special Servicer shall approve any
such recommendation (which approval shall be deemed granted if not denied within
15 Business Days of its receipt of the Master Servicer's recommendation and any
additional documents and information that the Special Servicer may reasonably
request) and promptly (in any event, within not more than 10 Business Days of
its receipt of the Master Servicer's recommendation and any additional documents
and information that the Special Servicer may reasonably request) forward such
analysis and recommendation to the Directing Certificateholder, who shall
approve or reject such recommendation. The Directing Certificateholder shall be
deemed to have approved such recommendation if not denied within 5 Business Days
of its receipt of the Special Servicer's recommendation and any additional
documents and information that the Directing Certificateholder may reasonably
request. The Master Servicer shall then process such documentation. The Special
Servicer shall not be required to obtain such written consent from Fitch if the
then-current principal balance of such Loan is less than 2% of the then-current
aggregate principal balance of the Loans.

            (e) The Depositor shall, as to each Loan which is secured by the
interest of the related Borrower under a ground lease, at its own expense,
promptly (and in any event within 45 days of the Closing Date) notify the
related ground lessor of the transfer of such Loan to the Trust pursuant to this
Agreement and inform such ground lessor that any notices of default under the
related ground lease should thereafter be forwarded to the Trustee.

            (f) The Master Servicer or the Special Servicer shall not consent to
a change in the property manager with respect to a property securing the
Westfarms Mall Total Loan or the Northwoods Mall Loan unless it obtains
confirmation from Moody's (and with respect to the Westfarms Mall Total Loan,
from S&P with respect to the certificates issued pursuant to the securitization
containing the Companion Loan) that the appointment of such new property manager
would not, in and of itself, result in a downgrade, qualification or withdrawal
of the then current ratings on any Class of Certificates. The Master Servicer
shall use reasonable efforts to cause the related Borrower to pay the costs of
such confirmation, otherwise, such costs shall be a Trust Fund expense.

            (g) The Master Servicer shall not grant any discretionary consent to
a transfer of the B Note pursuant to Section 16 of the A/B Mortgage Loan
Intercreditor Agreement or to any additional cure beyond those specifically
provided for in Section 8(b) of the A/B Mortgage Loan Intercreditor Agreement
unless it obtains the consent of the Directing Certificateholder (which consent
with respect to the transfer of such B Note shall not be unreasonably withheld,
conditioned or delayed). The Master Servicer shall receive any such request for
a discretionary consent from the holder of the B Note, and shall forward its
analysis and recommendation to the Special Servicer. The Special Servicer shall
approve any such recommendation (which approval shall be deemed granted if not
denied within 15 Business Days of its receipt of the Master Servicer's
recommendation and any additional documents and information that the Special
Servicer may reasonably request) and promptly (in any event, within not more
than 10 Business Days of its receipt of the Master Servicer's recommendation and
any additional documents and information that the Special Servicer may
reasonably request) forward such analysis and recommendation to the Directing
Certificateholder, who shall approve or reject such recommendation. The
Directing Certificateholder shall be deemed to have approved such recommendation
if not denied within 5 Business Days of its receipt of the Special Servicer's
recommendation and any additional documents and information that the Directing
Certificateholder may reasonably request. The Master Servicer shall then process
such documentation. Notwithstanding the foregoing, the Master Servicer shall not
grant any discretionary consent to a transfer of the B Note pursuant to Section
16(b) of the A/B Mortgage Loan Intercreditor Agreement unless it receives the
rating agency confirmation required pursuant to such A/B Mortgage Loan
Intercreditor Agreement.

            Section 3.30 REMIC Administration.

            (a) The Trustee shall make or cause to be made elections to treat
each of the Trust REMICs as a REMIC (except for any portion constituting amounts
allocable to any B Note and any Companion Loan) under the Code and if necessary,
under State Tax Laws. Each such election will be made on Form 1066 or other
appropriate federal tax or information return or any appropriate state return
for the taxable year ending on the last day of the calendar year in which the
Certificates are issued, which in each case shall be signed by the Trustee. The
Trustee shall designate the "regular interests" and the "residual interests,"
within the meaning of the REMIC Provisions, in each Trust REMIC as set forth in
the Preliminary Statement hereto. To the extent the affairs of the Trust Fund
are within their control, the Master Servicer, the Special Servicer and the
Trustee shall not permit the creation of any "interests" (within the meaning of
Section 860G of the Code) in any Trust REMIC other than those interests
outstanding on the Closing Date.

            (b) The Closing Date is hereby designated as the "startup day,"
within the meaning of Section 860G(a)(9) of the Code, of the Lower-Tier REMIC
and the Upper-Tier REMIC.

            (c) The Holder of the largest Percentage Interest of the Class LR
Certificates is hereby designated, and by the acceptance of its Class LR
Certificate agrees to act, as Tax Matters Person for the Lower-Tier REMIC. Any
Holder of a Class LR or Class R Certificate must at all times hold at least a
1.0% Percentage Interest therein. The Holder of the largest Percentage Interest
of the Class R Certificates is hereby designated, and by the acceptance of its
Class R Certificate agrees to act, as Tax Matters Person for the Upper-Tier
REMIC. The Trustee is hereby designated as the agent of the Tax Matters Person
of each Trust REMIC and shall perform all the functions thereof, and the Holders
of the Class LR and Class R Certificates, by their acceptance of such
Certificates, agree to such designation.

            (d) The Trustee shall prepare or cause to be prepared all of the Tax
Returns that it reasonably determines are required with respect to each Trust
REMIC and, as specified in Section 4.07, the grantor trust created hereunder and
shall sign and file or cause to be filed such Tax Returns in a timely manner.
The expenses of preparing such returns shall be borne by the Trustee without any
right of reimbursement therefor.

            (e) The Trustee shall provide (i) upon request by any Transferor of
a Class LR or Class R Certificate, such information to such Transferor and the
IRS as is (x) reasonably necessary for the application of any tax relating to
the transfer of a Class LR or Class R Certificate to any Person who is not a
Disqualified Organization or (y) otherwise required to be provided by Treasury
Regulations Section 1.860E-2 (and in the time and manner required to be provided
to such person under such Regulations), (ii) to the Certificateholders such
information or reports as are required by the Code, the REMIC Provisions or
State Tax Laws including reports relating to interest, original issue discount
and market discount or premium (using the Prepayment Assumption) and (iii)
pursuant to Section 3.31(l), to the Internal Revenue Service the name, title,
address and telephone number of the person who will serve as the representative
of each of the Trust REMICs.

            (f) The Trustee shall take such actions and shall cause the Trust
Fund to take such actions as are reasonably within the Trustee's control and the
scope of its duties more specifically set forth herein as shall be necessary to
maintain the status of each Trust REMIC as a REMIC under the REMIC Provisions
(and the Master Servicer and Special Servicer shall assist the Trustee, to the
extent reasonably requested by the Trustee to do so). None of the Master
Servicer, the Special Servicer or the Trustee shall knowingly or intentionally
take any action, cause the Trust Fund to take any action or fail to take (or
fail to cause to be taken) any action reasonably within its control and the
scope of duties more specifically set forth herein, that, under the REMIC
Provisions, if taken or not taken, as the case may be, could (i) cause any Trust
REMIC to fail to qualify as a REMIC or (ii) result in the imposition of a tax
under the REMIC Provisions upon any Trust REMIC (including but not limited to
the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code
and the tax on contributions to a REMIC set forth in Section 860G(d) of the
Code) (either such event, an "Adverse REMIC Event") unless such party receives
an Opinion of Counsel (at the expense of the party seeking to take such action
or, if such party fails to pay such expense, and such party determines that
taking such action is in the best interest of the Trust Fund and the
Certificateholders, at the expense of the Trust Fund, but in no event at the
expense of such party) to the effect that the contemplated action will not, with
respect to any Trust REMIC, cause any Trust REMIC to fail to qualify as a REMIC
or, unless such party (which is acceptable to the Trustee) determines that the
monetary expense to any Trust REMIC is not material and in its sole discretion
to indemnify (to the extent reasonably acceptable to the Trustee) the Trust Fund
against such tax, result in the imposition of such a tax. Wherever in this
Agreement a contemplated action may not be taken because the timing of such
action might result in the imposition of a tax on the Trust Fund, or may be
taken only pursuant to an Opinion of Counsel that such action would impose a tax
on the Trust Fund, such action may nonetheless be taken so long as (x) the
indemnity given in the preceding sentence with respect to any taxes that might
be imposed on the Trust Fund has been given and (y) all other preconditions to
the taking of such action have been satisfied. The Trustee shall not take any
action (whether or not authorized hereunder) as to which the Master Servicer has
advised it in writing that it has received an Opinion of Counsel to the effect
that an Adverse REMIC Event could occur with respect to such action. In
addition, prior to taking any action with respect to the Trust Fund or its
assets, or causing the Trust Fund to take any action, which is not expressly
permitted under the terms of this Agreement, each of the parties hereto will
consult with the Trustee or its designee, in writing, with respect to whether
such action could cause an Adverse REMIC Event to occur with respect to any
Trust REMIC, and such party shall not take any such action, or cause the Trust
Fund to take any such action, as to which the Trustee has advised it in writing
that an Adverse REMIC Event could occur. The Trustee may consult with counsel to
make such written advice, and the cost of same shall be borne by the party
seeking to take the action not expressly permitted by this Agreement. At all
times as may be required by the Code, the Trustee will to the extent within its
control and the scope of its duties as specifically set forth herein, maintain
substantially all of the assets of the Trust Fund as "qualified mortgages" as
defined in Section 860G(a)(3) of the Code and "permitted investments" as defined
in Section 860G(a)(5) of the Code.

            (g) In the event that any tax is imposed on "prohibited
transactions" of any Trust REMIC as defined in Section 860F(a)(2) of the Code,
on "net income from foreclosure property" of any Trust REMIC as defined in
Section 860G(c) of the Code, or any other tax is imposed by the Code or any
applicable provisions of state or local tax laws, such tax shall be charged (i)
to the Master Servicer, if such tax arises out of or results from a breach,
which breach constitutes negligence or willful misconduct of the Master
Servicer, by the Master Servicer of any of its obligations under this Agreement
and such breach is not caused by the breach of another party, (ii) to the
Trustee, if such tax arises out of or results from a breach by the Trustee of
any of its obligations under this Agreement and such breach is not caused by the
breach of another party, (iii) to a Special Servicer, if such tax arises out of
or results from a breach by the Special Servicer of any of its obligations under
this Agreement and such breach is not caused by the breach of another party and
(iv) otherwise, against amounts on deposit in the Collection Account, and on the
Distribution Date(s) following such reimbursement the aggregate of such taxes
shall be allocated in reduction of the Optimal Interest Distribution Amount on
each Class entitled thereto in the same manner as if such taxes constituted an
Uncovered Prepayment Interest Shortfall Amount.

            (h) The Trustee shall, for federal income tax purposes, maintain
books and records with respect to each of the Trust REMICs on a calendar year
and on an accrual basis or as otherwise may be required by the REMIC Provisions.

            (i) Following the Startup Day, none of the Master Servicer, the
Special Servicer or the Trustee shall accept any contributions of assets to any
Trust REMIC unless the Master Servicer, the Special Servicer and the Trustee
shall have received an Opinion of Counsel (at the expense of the party seeking
to make such contribution) to the effect that the inclusion of such assets in
any Trust REMIC will not cause any Trust REMIC to fail to qualify as a REMIC at
any time that any Certificates are outstanding or subject any Trust REMIC
created hereunder to any tax under the REMIC Provisions or other applicable
provisions of federal, state and local law or ordinances.

            (j) None of the Master Servicer, the Special Servicer or the Trustee
shall enter into any arrangement by which any Trust REMIC created hereunder will
receive a fee or other compensation for services nor, to the extent reasonably
within their control, permit any Trust REMIC to receive any income from assets
other than "qualified mortgages" as defined in Section 860G(a)(3) of the Code or
"permitted investments" as defined in Section 860G(a)(5) of the Code.

            (k) For the purposes of Treasury Regulations Section
1.860G-1(a)(4)(iii), the "latest possible maturity date" of the Uncertificated
Lower-Tier Interests and the Regular Certificates is the Rated Final
Distribution Date.

            (l) Within 30 days after the Closing Date, the Trustee shall prepare
and file with the Internal Revenue Service Form 8811, "Information Return for
Real Estate Mortgage Investment Conduits (REMIC) and Issuers of Collateralized
Debt Obligations" (or applicable successor form) for the Upper-Tier REMIC
created hereunder.

            (m) None of the Trustee, the Master Servicer or the Special Servicer
shall sell or dispose of or substitute for any of the Loans (except in
connection with (i) the default, imminent default or foreclosure of a Loan,
including but not limited to, the acquisition or sale of a Mortgaged Property
acquired by deed in lieu of foreclosure, (ii) the bankruptcy of the Trust Fund,
(iii) the termination of the Trust Fund created hereunder pursuant to Article X
of this Agreement or (iv) a purchase of Loans pursuant to Article II, Section
3.18 or Section 3.32 of this Agreement) nor acquire any assets for the Trust
Fund or any Trust REMIC, nor sell or dispose of any investments in the
Collection Account for gain, nor accept any contributions to any Trust REMIC
after the Closing Date, unless it has received an Opinion of Counsel (which
opinion shall be the expense of the Trust Fund) that such sale or disposition
will not affect adversely the status of any Trust REMIC as a REMIC or cause any
Trust REMIC to be subject to a tax on "prohibited transactions" or
"contributions" pursuant to the REMIC Provisions.

            (n)  The Depositor shall provide or cause to be provided to the
Trustee, within ten (10) days after the Closing Date, and thereafter on an
ongoing basis, all information or data requested by the Trustee that the Trustee
reasonably determines to be relevant for tax purposes as to the valuations and
Issue Prices of the Certificates, including without limitation, the price,
yield, original issue discount, issue premium and projected cash flow of the
Certificates. In addition, the Master Servicer, the Special Servicer and the
Depositor shall provide on a timely basis to the Trustee or its designee such
information with respect to the Trust Fund as is in its possession and
reasonably requested by the Trustee to enable it to perform its obligations
under this Section. The Trustee shall be entitled to rely conclusively upon all
such information so provided to it without recalculation or other investigation.

            (o) The Trustee shall be entitled to reasonable compensation and to
the reimbursement of its reasonable expenses incurred in the performance of its
duties under this Section 3.30 as may be agreed upon by the Trustee and the
Depositor; provided, however, that the Trustee shall pay out of its own funds,
without any right of reimbursement, any and all ordinary expenses of the Trust
Fund incurred in the performance of its duties under this Section but shall be
reimbursed, except as otherwise expressly provided for herein, by the Trust Fund
for any of its extraordinary expenses, including any taxes or tax-related
payments including any expenses involved in any tax examination, audit or
proceeding.

            Section 3.31 Master Servicer and Special Servicer May Own
Certificates.

            (a) The Master Servicer and any agent of the Master Servicer in its
individual or any other capacity may become the owner or pledgee of Certificates
with the same rights it would have if it were not the Master Servicer or such
agent, except with respect to Voting Rights, as set forth in the definition of
"Certificateholder."

            (b) The Special Servicer and any agent of the Special Servicer in
its individual or any other capacity may become the owner or pledgee of
Certificates with the same rights it would have if it were not the Special
Servicer or such agent, except with respect to Voting Rights, as set forth in
the definition of "Certificateholder."

            Section 3.32 Rights of the Holder of the B Note.

            (a) So long as (1) no Monetary Event of Default (as defined in the
A/B Mortgage Loan Intercreditor Agreement) has occurred and is continuing (or if
a Monetary Event of Default has occurred and is continuing but the holder of the
B Note is exercising its cure rights in accordance with the A/B Mortgage Loan
Intercreditor Agreement, then prior to the expiration of the cure period) and
(2) the Westfarms Mall Total Loan is not then a Specially Serviced Loan, the
prior written consent of the holder of the B Note shall be required with respect
to any modification, amendment, consolidation, spreader, restatement or waiver
which would (A) change the aggregate principal amount evidenced by the A Notes
and the B Note, (B) change the interest rate payable under any of the A Notes or
the B Note, (C) modify the maturity date of the Westfarms Mall Total Loan, (D)
provide for the payment of any additional interest, additional fees, kicker or
similar equity feature in respect of the Westfarms Mall Total Loan or (E) change
the amount of any payments required under any of the A Notes or the B Note or
modify any related amortization schedule. Notwithstanding the foregoing, any
amounts funded by either the Master Servicer or the holder of the B Note under
the related Loan Documents as a result of (x) the making of any Advances, or (y)
interest accruals or accretions and any compounding thereof (including default
interest) with respect to any of the A Notes or the B Note shall not at any time
be deemed to contravene this subsection.

            (b) With respect to the Westfarms Mall Total Loan, pursuant to the
related A/B Mortgage Loan Intercreditor Agreement, either the Master Servicer
(if the Westfarms Mall Total Loan is not a Specially Serviced Mortgage Loan) or
the Special Servicer (if the Westfarms Mall Total Loan is a Specially Serviced
Mortgage Loan), as applicable, shall consult with the holder of the B Note
regarding its views (but may, subject to the provisions of Section 3.32(a),
disregard any advice or direction provided) pursuant to Section 4 of the A/B
Mortgage Loan Intercreditor Agreement, and shall provide the holder of the B
Note with any proposals and back-up materials that are used by either the Master
Servicer or the related Special Servicer, as applicable, in developing such
proposals (as reasonably determined by either the Master Servicer or such
Special Servicer, as applicable) at least ten (10) Business Days prior to any of
the following actions being taken:

                  (i) any foreclosure upon or comparable conversion (which may
            include acquisitions of an REO Property) of the ownership of the
            Mortgaged Property or any acquisition of the Mortgaged Property by
            deed-in-lieu of foreclosure;

                  (ii) any modification of, or waiver with respect to, the
            Westfarms Mall Total Loan that would result in the extension of the
            maturity date or extended maturity date thereof, a discounted payoff
            of the Westfarms Mall Total Loan, a reduction in the interest rate
            borne thereby or the monthly debt service payment or a deferral or a
            forgiveness of interest on or principal of the Westfarms Mall Total
            Loan or a modification or waiver of any other monetary term of the
            Westfarms Mall Total Loan relating to the timing or amount of any
            payment of principal or interest (other than default interest) or
            any other material sums due and payable under the Loan Documents or
            a modification or waiver of any provision of the Westfarms Mall
            Total Loan which restricts the Borrower or its equity owners from
            incurring additional indebtedness;

                  (iii) any proposed sale of such Loan if it is a Defaulted
            Mortgaged Loan or REO Property (other than upon termination of the
            Trust pursuant to Article IX);

                  (iv) any determination to bring the related Mortgaged Property
            or the related REO Property into compliance with Environmental Laws;

                  (v) any release of collateral for the related Loan or related
            B Note (other than in accordance with the terms of, or upon
            satisfaction of, such Loan and the related B Note);

                  (vi) any acceptance of substitute or additional collateral for
            the related Loan and the related B Note that is not otherwise
            expressly provided for under the terms of such Loan and the related
            B Note;

                  (vii) any waiver of a "due-on-sale" or "due-on-encumbrance"
            clause; and

                  (viii) any acceptance of an assumption agreement releasing
            such Loan borrower from liability under such Loan or the related B
            Note.

            The holder of the B Note has agreed pursuant to the related A/B
Mortgage Loan Intercreditor Agreement that it will provide the Master Servicer
or the related Special Servicer, as applicable, with its response to any
proposed actions pursuant to this Section 3.32(b) within ten (10) Business Days
after its receipt of any such proposal and any back-up materials and shall be
deemed not to have responded if no response is received within such ten (10)
Business Days.

            Notwithstanding anything to the contrary contained in this Section
3.32(b), the Master Servicer or the Special Servicer, as applicable may in its
sole discretion, reject any advice or consultation provided by the holder of the
B Note, and neither the Master Servicer nor the related Special Servicer, as
applicable, by virtue of this Section 3.32(b), shall be required to take any
action that would (and the Master Servicer and related Special Servicer may
ignore and act without regard to any advice, direction or objection of the
holder of the B Note that the Master Servicer or the related Special Servicer
has determined, in its reasonable, good faith judgment would) violate any
provision of this Agreement, including the obligation to act in accordance with
the Servicing Standard or the REMIC Provisions.

<PAGE>

                                   ARTICLE IV

                         PAYMENTS TO CERTIFICATEHOLDERS

            Section 4.01 Distributions.

            (a) On each Distribution Date prior to the date on which the
Certificate Balance of the last outstanding Class of Subordinate Certificates
has been reduced to zero, to the extent of the Available Distribution Amount for
such Distribution Date, the Trustee shall transfer or be deemed to transfer such
amounts from the Lower-Tier Distribution Account to the Upper-Tier Distribution
Account in the amounts and priorities set forth in Section 4.01(b) with respect
to each Class of Uncertificated Lower-Tier Interests, and immediately
thereafter, shall make distributions in the following order of priority,
satisfying in full, to the extent required and possible, each priority before
making any distribution with respect to any succeeding priority from the
Available Distribution Amount:

                  (i) concurrently, to the Class A-1, Class A-2, Class A-3,
            Class A-X and Class A-SP Certificates, pro rata, up to the Optimal
            Interest Distribution Amounts for each such Class for such
            Distribution Date;

                  (ii) to the Class A-1, Class A-2, and Class A-3 Certificates,
            in reduction of the Certificate Balances thereof, an amount up to
            the Principal Distribution Amount for such Distribution Date, in the
            following order of priority:

                        First, to the Class A-1 Certificates, until the
                  Certificate Balance thereof has been reduced to zero;

                        Second, to the Class A-2 Certificates, until the
                  Certificate Balance thereof has been reduced to zero; and

                        Third, to the Class A-3 Certificates, until the
                  Certificate Balance thereof has been reduced to zero;

                  (iii) to the Class A-1, Class A-2 and Class A-3 Certificates,
            pro rata (based on the aggregate unreimbursed Collateral Support
            Deficit previously allocated to each such Class), until all amounts
            of such Collateral Support Deficit previously allocated to such
            Classes, but not previously reimbursed, have been reimbursed in
            full;

                  (iv) to the Class B Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (v) to the Class B Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (vi) to the Class B Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class B
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (vii) to the Class C Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (viii) to the Class C Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (ix) to the Class C Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class C
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (x) to the Class D Certificates, in respect of interest, up to
            the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xi) to the Class D Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xii) to the Class D Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class D
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xiii) the Class E Certificates, in respect of interest, up to
            the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xiv) to the Class E Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xv) to the Class E Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class E
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xvi) to the Class F Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xvii) to the Class F Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xviii) to the Class F Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class F
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xix) to the Class G Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xx) to the Class G Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxi) to the Class G Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class G
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xxii) to the Class H Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xxiii) to the Class H Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxiv) to the Class H Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class H
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xxv) to the Class J Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xxvi) to the Class J Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxvii) to the Class J Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class J
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xxviii) to the Class K Certificates, in respect of interest,
            up to the Optimal Interest Distribution Amount for such Class for
            such Distribution Date;

                  (xxix) to the Class K Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxx) to the Class K Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class K
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xxxi) to the Class L Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xxxii) to the Class L Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxxiii) to the Class L Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class L
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xxxiv) to the Class M Certificates, in respect of interest,
            up to the Optimal Interest Distribution Amount for such Class for
            such Distribution Date;

                  (xxxv) to the Class M Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxxvi) to the Class M Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class M
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xxxvii) to the Class N Certificates, in respect of interest,
            up to the Optimal Interest Distribution Amount for such Class for
            such Distribution Date;

                  (xxxviii)to the Class N Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xxxix) to the Class N Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class N
            Certificates, but not previously reimbursed, have been reimbursed in
            full;

                  (xl) to the Class O Certificates, in respect of interest, up
            to the Optimal Interest Distribution Amount for such Class for such
            Distribution Date;

                  (xli) to the Class O Certificates, in reduction of the
            Certificate Balance thereof, an amount up to the Remaining Principal
            Distribution Amount for such Distribution Date until such
            Certificate Balance has been reduced to zero;

                  (xlii) to the Class O Certificates, until all amounts of
            Collateral Support Deficit previously allocated to the Class O
            Certificates, but not previously reimbursed, have been reimbursed in
            full; and

                  (xliii) to the Class R Certificates, the amount, if any,
            remaining in the Upper-Tier Distribution Account after all other
            distributions pursuant to this Section 4.01(a) and Section 4.01(e).

            Notwithstanding the foregoing, on each Distribution Date occurring
on or after the date on which the Certificate Balance of the last outstanding
Class of Subordinate Certificates has been reduced to zero, the Trustee shall
apply amounts on deposit in the Upper-Tier Distribution Account in the following
order of priority: (i) concurrently, to the Class A-1, Class A-2, Class A-3,
Class A-X and Class A-SP Certificates, pro rata, in respect of the Optimal
Interest Amount allocable to each such Class; (ii) to the Class A-1, Class A-2
and Class A-3 Certificates, pro rata in reduction of the Certificate Balances
thereof, until the Certificate Balance of each such Class has been reduced to
zero; and (iii) to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata
(based on the aggregate unreimbursed Collateral Support Deficit previously
allocated to such Class) until all amounts of such Collateral Support Deficit
previously allocated to such Classes but not previously reimbursed have been
reimbursed in full.

            (b) On each Distribution Date, each Uncertificated Lower-Tier
Interest shall be deemed to receive distributions from the Lower-Tier
Distribution Account in respect of principal or reimbursement of Collateral
Support Deficit in an amount equal to the amount of principal or reimbursement
of Collateral Support Deficit distributable to such Uncertificated Lower-Tier
Interest's respective Class of Corresponding Certificates as provided in
Sections 4.01(a).

            On each Distribution Date, for so long as the Certificate Balance of
the Class A-3 Certificates is greater than $465,918,000, the Class LA-3-1
Uncertificated Interest shall be deemed to receive distributions from the
Lower-Tier Distribution Account in respect of principal in an amount equal to
the amount of principal distributable to the Class A-3 Certificates as provided
in Sections 4.01(a). On each Distribution Date, for so long as the Certificate
Balance of the Class A-3 Certificates is $465,918,000 or less, but greater than
$424,421,000, the Class LA-3-2 Uncertificated Interest shall be deemed to
receive distributions from the Lower-Tier Distribution Account in respect of
principal in an amount equal to the amount of principal distributable to the
Class A-3 Certificates as provided in Sections 4.01(a). On each Distribution
Date, for so long as the Certificate Balance of the Class A-3 Certificates is
$424,421,000 or less, but greater than zero, the Class LA-3-3 Uncertificated
Interest shall be deemed to receive distributions from the Lower-Tier
Distribution Account in respect of principal in an amount equal to the amount of
principal distributable to the Class A-3 Certificates as provided in Section
4.01(a). On each Distribution Date, the Class LA-3-1 Uncertificated Interest,
the Class LA-3-2 Uncertificated Interest and the Class LA-3-3 Uncertificated
Interest shall be deemed to receive distributions from the Lower-Tier
Distribution Account in respect of reimbursement of Collateral Support Deficit
distributable to the Class A-3 Certificates as provided in Section 4.01(a) on a
pro rata basis (based on the aggregate Collateral Support Deficit previously
allocated to such Uncertificated Lower-Tier Interests).

            During each Interest Accrual Period, each Uncertificated Lower-Tier
Interest shall accrue interest in an amount equal to the product of the
Lower-Tier Principal Amount of each such Uncertificated Lower-Tier Interest and
the Weighted Average Net Mortgage Rate. On each Distribution Date, each
Uncertificated Lower-Tier Interest shall be deemed to receive distributions in
respect of interest in an amount equal to the sum of (i) the amount of interest
that will actually be distributed in respect of such Uncertificated Lower-Tier
Interest's Corresponding Certificates (provided, that the interest distributed
in respect of the Class A-3 Certificates shall be allocated to the Class LA-3-1,
the Class LA-3-2 and Class LA-3-3 Uncertificated Interests, pro rata, based on
interest accrued) and (ii) the amount of interest that will actually be
distributed in respect of such Uncertificated Lower-Tier Interest's
corresponding Class A-X Component and, if applicable, Class A-SP Component. In
all events, the amount accrued in respect of each Uncertificated Lower-Tier
Interest less Uncovered Prepayment Interest Shortfalls allocated thereto
pursuant to Section 4.01(j) and less the amount actually distributed in respect
of such Uncertificated Lower-Tier Interests shall equal the sum of (i) the
Interest Shortfall Amount allocated to such Uncertificated Lower-Tier Interest's
Corresponding Certificates (allocated pro rata in the case of the Class LA-3-1,
Class LA-3-2 and Class LA-3-3 Uncertificated Interests, based on their Interest
Shortfall Amounts) and (ii) the Interest Shortfall Amount allocated to the
Corresponding Components of the Class A-X or Class A-SP Certificates and
attributable to such Uncertificated Lower-Tier Interest. Any amounts remaining
in the Lower-Tier Distribution Account after payment to the Uncertificated
Lower-Tier Interests pursuant to this Section 4.01(b) and Section 4.01(d) and
payment of expenses of the Trust Fund shall be distributed to the Class LR
Certificates.

            As of any date, payments of principal in respect of the Loans and
the Collateral Support Deficit shall be allocated to the Uncertificated
Lower-Tier Interests such that the Lower-Tier Principal Amount after application
of any Collateral Support Deficit of each Uncertificated Lower-Tier Interest
less the cumulative amount of Collateral Support Deficit allocated to such
Uncertificated Lower-Tier Interest equals the Certificate Balance of the
Corresponding Certificates after the application of any Collateral Support
Deficit with respect thereto and the cumulative amount of Collateral Support
Deficit allocated to such Class of Corresponding Certificates; provided, that
the Lower-Tier Principal Amount of the Class LA-3-1 Uncertificated Interest
shall be the Certificate Balance of the Class A-3 Certificates less
$465,918,000, the Lower-Tier Principal Amount of the Class LA-3-2 Uncertificated
Interest shall be the lesser of $41,497,000 and the excess of the Certificate
Balance of the Class A-3 Certificates over $424,421,000 and the Lower-Tier
Principal Amount of the Class LA-3-3 Uncertificated Interest shall be the lesser
of $424,421,000 and the Certificate Balance of the Class A-3 Certificates, in
each case reduced by any Collateral Support Deficit allocated to the Class A-3
Certificates, first, to the Class LA-3-1 Uncertificated Interest, then the Class
LA-3-2 Uncertificated Interest and then the Class LA-3-3 Uncertificated
Interest. The initial Lower-Tier Principal Amount of each Uncertificated
Lower-Tier Interest equals the respective Original Lower-Tier Principal Amount.
The interest rate with respect to each Uncertificated Lower-Tier Interest shall
be the Weighted Average Net Mortgage Rate.

            (c) [Reserved].

            (d) On each Master Servicer Remittance Date, the Master Servicer
shall deposit all Yield Maintenance Charges in the Lower-Tier Distribution
Account for payment to the Uncertificated Lower-Tier Regular Interests. On each
Distribution Date, the Trustee shall withdraw from the Lower-Tier Distribution
Account an aggregate amount equal to all such Yield Maintenance Charges actually
collected on the Loans or any REO Loans during the related Due Period and shall
distribute such amount to the Uncertificated Lower-Tier Regular Interests, pro
rata in proportion to their outstanding Lower-Tier Principal Amounts.

            (e) On each Distribution Date, the Trustee shall withdraw any
amounts on deposit in the Upper-Tier Distribution Account that represent Yield
Maintenance Charges actually collected on Loans or REO Loans during the related
Due Period and remitted in respect of the Uncertificated Lower-Tier Interests
pursuant to Section 4.01(d), and shall distribute such amounts to the Class A-1,
Class A-2, Class A-3, Class B, Class C, Class D, Class E, Class F and Class G
Certificates, in an amount equal to the product of (a) a fraction whose
numerator is the amount distributed as principal to such Class on such
Distribution Date, and whose denominator is the total amount distributed as
principal to the Class A-1, Class A-2, Class A-3, Class B, Class C, Class D,
Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N
and Class O Certificates on such Distribution Date, (b) the Base Interest
Fraction for the related Principal Prepayment and such Class of Certificates and
(c) the aggregate amount of Yield Maintenance Charges collected on such
Principal Prepayment during the related Due Period. Any Yield Maintenance
Charges collected during the related Due Period remaining after such
distributions shall be distributed to the Holders of the Class A-X Certificates.

            Following the reduction of the Certificate Balances of the Class
A-1, Class A-2, Class A-3, Class B, Class C, Class D, Class E, Class F and Class
G Certificates to zero, the Trustee shall distribute to the Class A-X
Certificates all Yield Maintenance Charges actually received during the related
Due Period with respect to the Loans and remitted in respect of Uncertificated
Lower-Tier Interests pursuant to Section 4.01(d).

            (f) On any applicable Distribution Date, (i) any Excess Interest
collected for such Distribution Date shall be distributed from the Excess
Interest Distribution Account to the Class V Certificates.

            (g) All distributions made with respect to each Class on each
Distribution Date shall be allocated pro rata among the outstanding Certificates
in such Class based on their respective Percentage Interests. Except as
otherwise specifically provided in Sections 4.01(h), 4.01(i) and 9.01, all such
distributions with respect to each Class on each Distribution Date shall be made
to the Certificateholders of record of the respective Class at the close of
business on the related Record Date and shall be made by wire transfer of
immediately available funds to the account of any such Certificateholder at a
bank or other entity having appropriate facilities therefor, if such
Certificateholder shall have provided the Trustee with written wiring
instructions prior to the related Record Date (which wiring instructions may be
in the form of a standing order applicable to all subsequent Distribution Dates)
or otherwise by check mailed to the address of such Certificateholder as it
appears in the Certificate Register. The final distribution on each Certificate
(determined without regard to any possible future reimbursement of Collateral
Support Deficit previously allocated to such Certificate) shall be made in like
manner, but only upon presentation and surrender of such Certificate at the
offices of the Trustee or such other location specified in the notice to
Certificateholders of such final distribution.

            Each distribution with respect to a Book-Entry Certificate shall be
paid to the Depository, as Holder thereof, and the Depository shall be
responsible for crediting the amount of such distribution to the accounts of its
Depository Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such distribution to
the Certificate Owners that it represents and to each indirect participating
brokerage firm (a "brokerage firm" or "indirect participating firm") for which
it acts as agent. Each brokerage firm shall be responsible for disbursing funds
to the Certificate Owners that it represents. None of the Trustee, the Fiscal
Agent, the Depositor, the Master Servicer, the Special Servicer, the
Underwriters or the Initial Purchasers shall have any responsibility therefor
except as otherwise provided by this Agreement or applicable law.

            (h) Except as otherwise provided in Section 9.01, whenever the
Trustee expects that the final distribution with respect to any Class of
Certificates (determined without regard to any possible future reimbursement of
any amount of Collateral Support Deficit previously allocated to such Class of
Certificates) will be made on the next Distribution Date, the Trustee shall,
thirty days prior to the final Distribution Date for such Class, post a notice
on the Website to the effect that no interest shall accrue on such Certificates
from and after such Distribution Date.

            Any funds not distributed to any Holder or Holders of Definitive
Certificates of any Class on such Distribution Date because of the failure of
such Holder or Holders to tender their Certificates shall, on such date, be set
aside and held uninvested in trust and credited to the account or accounts of
the appropriate non-tendering Holder or Holders. If any Definitive Certificates
as to which notice has been given pursuant to this Section 4.01(g) shall not
have been surrendered for cancellation within six months after the time
specified in such notice, the Trustee shall mail a second notice to the
remaining non-tendering Definitive Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Definitive
Certificates shall not have been surrendered for cancellation, the Trustee,
directly or through an agent, shall take such steps to contact the remaining
non-tendering Definitive Certificateholders concerning the surrender of their
Certificates as it shall deem appropriate. The costs and expenses of holding
such funds in trust and of contacting such Definitive Certificateholders
following the first anniversary of the delivery of such second notice to the
non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Definitive Certificateholder on any amount
held in trust hereunder by the Trustee as a result of such Definitive
Certificateholder's failure to surrender its Certificate(s) for final payment
thereof in accordance with this Section 4.01(g).

            (i) Distributions in reimbursement of Collateral Support Deficit
previously allocated to the Regular Certificates shall be made in the amounts
and manner specified in Section 4.01(a) to the Holders of the respective Class
otherwise entitled to distributions of interest and principal on such Class on
the relevant Distribution Date; provided, however, that all distributions in
reimbursement of Collateral Support Deficit previously allocated to a Class of
Certificates which has since been retired shall be to the prior Holders that
surrendered the Certificates of such Class upon retirement thereof and shall be
made by check mailed to the address of each such prior Holder last shown in the
Certificate Register, and such amounts shall be deemed to have been distributed
from the Lower-Tier REMIC to the Upper-Tier REMIC in each case as such
Collateral Support Deficit was allocated to the Lower-Tier REMIC pursuant to
Section 4.04(c). Notice of any such distribution to a prior Holder shall be made
in accordance with Section 10.05 at such last address. The amount of the
distribution to each such prior Holder shall be based upon the aggregate
Percentage Interest evidenced by the Certificates surrendered thereby. If the
check mailed to any such prior Holder is returned uncashed, then the amount
thereof shall be set aside and held uninvested in trust for the benefit of such
prior Holder, and the Trustee shall attempt to contact such prior Holder in the
manner contemplated by Section 4.01(h) as if such Holder had failed to surrender
its Certificates.

            (j) Shortfalls in the Available Distribution Amount on any
Distribution Date resulting from Uncovered Prepayment Interest Shortfall Amounts
shall be allocated to each Class of Regular Certificates, pro rata, based on the
Accrued Certificate Interest Amount distributable to each such Class on such
Distribution Date. Uncovered Prepayment Interest Shortfall Amounts so allocated
to the Regular Certificates (in the case of the Class A-X and Class A-SP
Certificates, pro rata, to the related Components based on interest accrued)
shall be allocated to the Corresponding Uncertificated Lower-Tier Interests (and
pro rata to the Class A-3-1, Class A-3-2 and Class A-3-3 Uncertificated
Interests, based on interest accrued). The amount by which the servicing
compensation is to be reduced in connection with Prepayment Interest Shortfalls
pursuant to the last paragraph of Section 3.11(a) shall be deposited by the
Master Servicer into the Collection Account on or prior to the Master Servicer
Remittance Date.

            (k) Shortfalls in the Available Distribution Amount resulting from
unanticipated Trust Fund indemnification expenses incurred pursuant to Section
6.03 and Section 8.05 shall be allocated to the most subordinate Class of
Certificates then outstanding, until the Certificate Balance thereof equals
zero, and then to the next most subordinate Class of Certificate then
outstanding.

            Section 4.02 Statements to Certificateholders; Reports by Trustee;
Other Information Available to the Holders and Others.

            (a) On each Distribution Date, based solely upon the information
regarding the Loans set forth in the Master Servicer Remittance Report prepared
by the Master Servicer, and only to the extent such information is provided to
the Trustee by the Master Servicer, the Trustee shall prepare and make
available, and, upon request, forward, to any interested party, including, but
not limited to, each Holder of a Certificate, with copies to the Depositor, the
Master Servicer, the Special Servicer, the Underwriters, each Rating Agency,
Bloomberg, L.P., the Trepp Group, Charter Research Corporation and Intex
Solutions, Inc. and, if requested, any potential investors in the Certificates,
a written report (a "Statement to Certificateholders") setting forth the
following information:

                  (i) the aggregate amount of the distribution to be made on
            such Distribution Date to the Holders of each Class of Certificates
            applied to reduce the respective Certificate Balance thereof;

                  (ii) the aggregate amount of the distribution to be made on
            such Distribution Date to the Holders of each Class of Certificates
            allocable to (A) such Class's Optimal Interest Distribution Amount
            and, separately stated, the portion thereof representing the Unpaid
            Interest Shortfall Amount for such Class and (B) Yield Maintenance
            Charges;

                  (iii) separately stated, the aggregate amounts of Uncovered
            Prepayment Interest Shortfall Amounts and indemnification expenses
            of the Trust Fund allocable to the Holders of each Class of
            Certificates on such Distribution Date;

                  (iv) the aggregate Certificate Balance or aggregate Notional
            Balance, as the case may be, of each Class of Regular Certificates,
            before and after giving effect to the distributions made on such
            Distribution Date, separately identifying any reduction in the
            aggregate Certificate Balance (or, in the case of the Class A-X and
            Class A-SP Certificates, the aggregate Notional Balance) of each
            such Class due to any Collateral Support Deficit;

                  (v) the Pass-Through Rate for each Class of Certificates
            applicable to such Distribution Date;

                  (vi) the number of outstanding Loans and the aggregate unpaid
            principal balance of the Loans at the close of business on the
            related Determination Date;

                  (vii) the number and aggregate unpaid principal balance of
            Loans (A) delinquent 30 to 59 days, (B) delinquent 60 to 89 days,
            (C) delinquent 90 days or more, (D) that are Specially Serviced
            Loans and not delinquent, (E) as to which foreclosure proceedings
            have been commenced or (F) with respect to which the related
            Borrowers are in bankruptcy;

                  (viii) with respect to any REO Loan as to which the related
            Mortgaged Property became an REO Property during the preceding
            calendar month, the city, state, property type, latest Debt Service
            Coverage Ratio, Stated Principal Balance and the unpaid principal
            balance of such Loan;

                  (ix) as to any Loan repurchased by a Mortgage Loan Seller or
            otherwise liquidated or disposed of during the related Due Period,
            (A) the Loan Number of the related Loan and (B) the amount of
            proceeds of any repurchase of a Loan, Liquidation Proceeds and/or
            other amounts, if any, received thereon during the related Due
            Period and the portion thereof included in the related Available
            Distribution Amount for such Distribution Date;

                  (x) with respect to any REO Property included in the Trust
            Fund at the close of business on the related Due Date (A) the Loan
            Number of the related Loan, (B) the value of such REO Property based
            on the most recent Appraisal or valuation, and (C) the aggregate
            amount of income and other revenues collected by the Special
            Servicer with respect to such REO Property during the related Due
            Period and the portion thereof included in the related Available
            Distribution Amount for such Distribution Date;

                  (xi) with respect to any REO Property sold or otherwise
            disposed of during the related Due Period and for which a Final
            Recovery Determination has been made, (A) the Loan Number of the
            related Loan, (B) the amount of sale proceeds and other amounts, if
            any, received in respect of such REO Property during the related Due
            Period and the portion thereof included in the related Available
            Distribution Amount for such Distribution Date and (C) the date of
            the Final Recovery Determination;

                  (xii) the amount of Principal Prepayments (in the aggregate)
            made during the related Due Period, the amount of any Yield
            Maintenance Charges (in the aggregate) paid during the related Due
            Period and the aggregate amount of any Prepayment Interest
            Shortfalls not covered by the Master Servicer for such Distribution
            Date;

                  (xiii) the amount of Servicing Advances and P&I Advances
            outstanding (net of reimbursed Advances) which have been made by the
            Master Servicer, the Fiscal Agent or the Trustee in the aggregate
            and by Mortgaged Property or Loan, as the case may be;

                  (xiv) the aggregate amount of Master Servicing Fees and
            Primary Servicing Fees retained by or paid to the Master Servicer or
            any Primary Servicer and Special Servicing Fees retained by or paid
            to the Special Servicer during the related Due Period;

                  (xv) the amount of any Appraisal Reduction Amounts allocated
            during the related Due Period on a loan-by-loan basis; the total
            Appraisal Reduction Amounts allocated during the related Due Period;
            and the total Appraisal Reduction Amounts as of such Distribution
            Date on a loan-by-loan basis;

                  (xvi) the amount of the Collateral Support Deficit, if any for
            such Distribution Date;

                  (xvii) Trust Fund expenses incurred during the related Due
            Period; and

                  (xviii) ratings of the Rating Agencies on all applicable
            Classes of Certificates.

            In the case of information furnished pursuant to subclauses (i),
(ii) and (iv) above, the amounts shall be expressed as a dollar amount in the
aggregate for all Certificates of each applicable Class and per $1,000 of
original Certificate Balance or Notional Balance, as the case may be.

            Within a reasonable period of time after the end of each calendar
year, upon request, the Trustee shall make available, and, upon written request,
send to each Person who at any time during the calendar year was a
Certificateholder of record, a report summarizing on an annual basis (if
appropriate) the items provided to Certificateholders pursuant to clauses (i),
(ii) and (iii) above and such other information as may be required to enable
such Certificateholders to prepare their federal income tax returns. Such
information shall include the amount of original issue discount accrued on each
Class of Certificates held by Persons other than Holders exempted from the
reporting requirements and information regarding the expenses of the Trust. Such
requirement shall be deemed to be satisfied to the extent such information is
provided pursuant to applicable requirements of the Code from time to time in
force.

            (b) On or prior to each Distribution Date, based on information
provided in reports prepared by the Master Servicer and the Special Servicer and
delivered to the Trustee in accordance herewith, the Trustee shall make
available via the Website or, upon request, forward to any interested party (i)
the related Statement to Certificateholders, (ii) the CMSA Loan Periodic Update
File, CMSA Loan Setup File, CMSA Bond Level File and CMSA Collateral Summary
File, (iii) the Unrestricted Master Servicer Reports and (iv) as a convenience
for interested parties (and not in furtherance of the distribution thereof under
the securities laws), the CMSA Financial File, the Prospectus Supplement, the
Prospectus and this Agreement; provided, that with respect to the items in
clauses (ii), (iii) and (iv) above, the Trustee shall not be required to make
such items available until the Distribution Date in October 2002.

            In addition, on or prior to each Distribution Date (beginning with
the Distribution Date in October 2002), based on information provided in monthly
reports prepared by the Master Servicer and the Special Servicer and delivered
to the Trustee in accordance herewith, the Trustee shall make available via the
Website or, upon request, forward, solely to Privileged Persons, (i) the
Restricted Master Servicer Reports and (ii) the CMSA Property File.

            No less often than on a monthly basis, each of the Master Servicer
and the Special Servicer shall, without charge, make a knowledgeable Servicing
Officer available to answer questions from the Directing Certificateholder
regarding the performance and servicing of the Loans and/or REO Properties for
which the Master Servicer or the Special Servicer, as the case may be, is
responsible. Each of the Master Servicer and the Special Servicer shall
condition such disclosure upon the Directing Certificateholder entering into a
reasonable and customary confidentiality agreement reasonably acceptable to such
servicer regarding such disclosure to it.

            The Master Servicer and the Special Servicer shall not be required
to confirm, represent or warrant the accuracy or completeness of any other
Person's information or report included in any communication from the Master
Servicer or the Special Servicer under this Agreement.

            The Trustee shall not be liable for the dissemination of information
in accordance with this Section 4.02(b). The Trustee makes no representations or
warranties as to the accuracy or completeness of any report, document,
questions, answer, special event, or other information made available on the
Website and assumes no responsibility therefor. In addition, the Trustee may
disclaim responsibility for any information distributed by the Trustee for which
it is not the original source.

            In connection with providing access to the respective Website, the
Trustee or Master Servicer, as applicable, may require registration and the
acceptance of a disclaimer.

            (c) The Trustee shall make available at its offices, during normal
business hours, upon not less than ten Business Days' prior written notice, for
review by any Certificateholder, any prospective investor in a Certificate, the
Depositor, the Master Servicer, the Special Servicer, the Fiscal Agent, any
Rating Agency and any other Person to whom the Depositor believes such
disclosure is appropriate, originals or copies of documents relating to the
Loans and any related REO Properties to the extent in its possession, including,
without limitation, the following items (except to the extent prohibited by
applicable law or by the terms of any of the Mortgage Documents): (i) this
Agreement and any amendments thereto; (ii) all Statements to Certificateholders
delivered to the Certificateholders since the Closing Date; (iii) all annual
Officers' Certificates and all accountants' reports delivered by the Master
Servicer or Special Servicer to the Trustee since the Closing Date regarding
compliance with the relevant agreements; (iv) any and all Officers' Certificates
and other evidence delivered to or by the Trustee to support the Master
Servicer's, the Trustee's or the Fiscal Agent's, as the case may be,
determination that any Advance, if made, would be a Nonrecoverable Advance; and
(v) any other materials not otherwise required to be provided to a requesting
Certificateholder pursuant to this Agreement, in situations where such
requesting Certificateholder declined to enter into a confidentiality agreement
with the Master Servicer. The Trustee shall make available at its offices,
during normal business hours, upon not less than ten Business Days' prior
written notice, for review by any Certificateholder, any prospective investor in
a Certificate, the Depositor, the Fiscal Agent, the Master Servicer, the Special
Servicer, any Rating Agency and any other Person to whom the Depositor believes
such disclosure is appropriate, originals or copies of any and all
modifications, waivers and amendments of the terms of a Loan entered into by the
Master Servicer and/or the Special Servicer and delivered to the Trustee. The
Master Servicer shall cooperate with the Trustee to make any of the
above-mentioned items available to any Certificateholder upon its request and
payment by it of reasonable costs. Copies of any and all of the foregoing items
will be available from the Trustee upon written request therefor. The Trustee
will be permitted to require payment by the requesting party (other than a
Rating Agency) of a sum sufficient to cover the reasonable costs and expenses of
making such information available and providing any copies thereof. The
Trustee's obligation under this Section 4.02(c) to make available any document
is subject to the Trustee's receipt of such document.

            (d) Notwithstanding the foregoing provisions of this Article 4.02,
the Trustee shall not be required to provide the full reporting provided for in
Sections 4.02(b) and (c) unless and until the Master Servicer provides its
related reporting to the Trustee in CMSA format.

            (e) The Master Servicer and the Special Servicer shall not be
required to conduct research or obtain information that is not available to the
Master Servicer or the Special Servicer, respectively, in the ordinary course of
its servicing activities hereunder. In addition, the Master Servicer and the
Special Servicer shall not be required to (i) answer commercially unreasonable
questions, (ii) answer questions relating to matters that extend beyond the
scope of its duties as Master Servicer or Special Servicer, respectively, (iii)
answer questions that would, in the Master Servicer's or the Special Servicer's
sole discretion, require the Master Servicer or the Special Servicer to devote
an unreasonable amount of time or resources to answer, (iv) disclose information
that would violate the terms of any of the Loan Documents or applicable law or
initiate contact with Borrowers or third parties except in connection with the
ordinary course of its servicing duties hereunder or (v) express opinions or
make recommendations under this Section 4.02(b) (it being understood that the
Master Servicer and the Special Servicer may limit their responses to factual
matters). The provision of information hereunder by the Master Servicer and the
Special Servicer shall be subject to Section 3.27(d) and Section 3.27(f), as
applicable.

            Section 4.03 P&I Advances.

            (a) On or before 3:00 p.m. New York City time on each P&I Advance
Date, the Master Servicer shall (i) remit to the Trustee for deposit into the
Lower-Tier Distribution Account (or, for P&I Advances with respect to the
Companion Loan, if in a separate securitization, to the holder of the Companion
Loan or its designee) from its own funds an amount equal to the aggregate amount
of P&I Advances, if any, to be made in respect of the related Distribution Date,
(ii) apply amounts held in the Collection Account (or, in the case of the
Companion Loan, the related Companion Loan Custodial Account) that are not
required to be part of the Available Distribution Amount for such Distribution
Date or (iii) make P&I Advances in the form of any combination of (i) and (ii)
aggregating the total amount of P&I Advances to be made. Any amounts held in the
Collection Account (or, in the case of the Companion Loan, the related Companion
Loan Custodial Account) not required to be a part of the Available Distribution
Amount for such Distribution Date and so used to make P&I Advances shall be
appropriately reflected in the Master Servicer's records and replaced by the
Master Servicer by deposit in the Collection Account (or, in the case of the
Companion Loan, the related Companion Loan Custodial Account) on or before the
next succeeding P&I Advance Determination Date (to the extent not previously
replaced through the deposit of Late Collections of the delinquent principal
and/or interest in respect of which such P&I Advances were made). To the extent
that the Master Servicer fails to make a P&I Advance required to be made by the
Master Servicer hereunder on the Distribution Date (other than a P&I Advance
that the Master Servicer, Trustee or Fiscal Agent determines is a Nonrecoverable
Advance), the Trustee will advance such P&I Advance unless the Trustee
determines that any such P&I Advance, if made, would be a Nonrecoverable
Advance. To the extent the Trustee is required hereunder to make P&I Advances on
the Loans, it shall deposit the amount thereof in the Lower-Tier Distribution
Account (or, in the case of the Companion Loan, shall remit the applicable
amount to the holder of the Companion Loan or its designee) on or before 11:00
a.m. New York City time on the related Distribution Date. If the Trustee fails
to make a P&I Advance required to be made by it hereunder, the Fiscal Agent
shall make such Advance no later than 1:00 p.m. New York City time on the
related Distribution Date. The making of such Advance by the Fiscal Agent shall
cure the failure by the Trustee to make such Advance.

            (b) Subject to Section 4.03(c) and (e) below, the aggregate amount
of P&I Advances to be made by the Master Servicer with respect to any
Distribution Date shall equal the aggregate of: (i) with respect to the Loans
and Companion Loan, if in a separate securitization, all Monthly Payments (in
each case, net of related Primary Servicing Fees, Master Servicing Fees and
Workout Fees, if any), other than Balloon Payments, that were due during any
related Due Period and delinquent as of the close of business on the
Determination Date preceding the related P&I Advance Date (or not advanced by
any Sub-Servicer on behalf of the Master Servicer); and (ii) with respect to
each Loan and Companion Loan, if in a separate securitization, as to which the
related Balloon Payment was due during or prior to the related Due Period and
was delinquent as of the end of the related Due Period (including any REO Loan
as to which the Balloon Payment would have been past due), an amount equal to
the Assumed Scheduled Payment therefor (in each case, net of related Primary
Servicing Fees, Master Servicing Fees and Workout Fees, if any). All P&I
Advances for any Loans and any Companion Loan that have been modified shall be
calculated on the basis of their terms as modified. Subject to subsection (c)
and (e) below, the obligation of the Master Servicer to make such P&I Advances
is mandatory and, with respect to any Loan or REO Loan, shall continue until the
Distribution Date on which the proceeds, if any, received in connection with a
Liquidation Event with respect thereto are to be distributed.

            (c) Notwithstanding anything herein to the contrary, neither the
Master Servicer, the Trustee nor the Fiscal Agent shall be required to make a
P&I Advance, if the Master Servicer, the Trustee or the Fiscal Agent determines,
in accordance with the definition thereof, that any such P&I Advance would be a
Nonrecoverable Advance. The Trustee and Fiscal Agent may conclusively rely on
any determination of nonrecoverability by the Master Servicer. The Special
Servicer shall not be required to make P&I Advances under this Agreement. On the
fourth Business Day before each Distribution Date, the Special Servicer shall
report to the Master Servicer the Special Servicer's determination as to whether
each P&I Advance made with respect to any previous Distribution Date or required
to be made with respect to such Distribution Date with respect to any Specially
Serviced Loan or REO Loan is a Nonrecoverable P&I Advance. The Master Servicer
shall be entitled to conclusively rely on (but shall not be bound by) such
determination.

            (d) In connection with the recovery of any P&I Advance out of the
Collection Account pursuant to Section 3.05(a), the Master Servicer shall be
entitled to pay itself, the Trustee or the Fiscal Agent, as the case may be, out
of any amounts then on deposit in the Collection Account, interest at the
Reimbursement Rate in effect from time to time, accrued on the amount of such
P&I Advance from the date made to but not including the date of reimbursement;
provided, that such interest shall not accrue on such P&I Advance made in
respect of a delinquent Monthly Payment until after the expiration of any
applicable grace period relating thereto. The Master Servicer shall reimburse
itself, the Trustee or the Fiscal Agent, as the case may be, for any outstanding
P&I Advance as soon as practicably possible after funds available for such
purpose are deposited in the Collection Account. The Master Servicer shall
prepare and make available to Certificateholders, upon request, a report
concerning Advances in the form appearing on the Statement to Certificateholders
in respect of such information.

            (e) Notwithstanding the foregoing, (i) neither the Master Servicer,
the Trustee nor the Fiscal Agent shall be required or permitted to make an
advance for Penalty Charges, Yield Maintenance Charges, Balloon Payments or
Excess Interest, (ii) the amount required to be advanced in respect of the
interest portion of delinquent Monthly Payments and Assumed Scheduled Payments
on any Loan or Companion Loan that has been subject to an Appraisal Reduction
will equal, with respect to any Distribution Date, the amount of interest that
would be required to be advanced by the Master Servicer without giving effect to
the Appraisal Reduction Amount, multiplied by a fraction, the numerator of which
is equal to the Stated Principal Balance of the Loan, net of the Appraisal
Reduction Amount, and the denominator of which is equal to the Stated Principal
Balance of the Loan or Companion Loan, for such Distribution Date, and (iii) if
the monthly payment on any Loan or Companion Loan has been reduced or the final
maturity extended, in connection with a bankruptcy or similar proceeding
involving the related Borrower or a modification, waiver or amendment granted or
agreed to by the Special Servicer pursuant to Section 3.20, and the monthly
payment due and owing during the extension period is less than the amount of the
Monthly Payments prior to such modification, then the Master Servicer shall, as
to such Loan or Companion Loan only, advance only the amount of the Monthly
Payment due and owing after taking into account such reduction (net of related
Primary Servicing Fees, Master Servicing Fees and Workout Fees), in the event of
subsequent delinquencies thereon.

            Section 4.04 Allocation of Collateral Support Deficit.

            (a) On each Distribution Date, immediately following the
distributions to be made on such date pursuant to Section 4.01, the Trustee
shall calculate the amount, if any, by which (i) the aggregate Stated Principal
Balance of the Loans and any REO Loans expected to be outstanding immediately
following such Distribution Date is less than (ii) the then aggregate
Certificate Balance of the Regular Certificates after giving effect to
distributions of principal on such Distribution Date (any such deficit, the
"Collateral Support Deficit"). Any allocation of Collateral Support Deficit to a
Class of Regular Certificates shall be made by reducing the Certificate Balance
thereof by the amount so allocated. Any Collateral Support Deficit allocated to
a Class of Regular Certificates shall be allocated among the respective
Certificates of such Class in proportion to the Percentage Interests evidenced
thereby. The allocation of Collateral Support Deficit shall constitute an
allocation of losses and other shortfalls experienced by the Trust Fund.
Reimbursement of previously allocated Collateral Support Deficit will not
constitute distributions of principal for any purpose and will not result in an
additional reduction in the Certificate Balance of the Class of Certificates in
respect of which any such reimbursement is made.

            (b) On each Distribution Date, the Certificate Balances of the
Regular Certificates will be reduced without distribution to the extent of any
Collateral Support Deficit, if any, allocable to such Certificates with respect
to such Distribution Date. Such reductions shall be allocated among the
respective Certificates as follows: first, to the Class O Certificates, second,
to the Class N Certificates; third, to the Class M Certificates; fourth, to the
Class L Certificates; fifth, to the Class K Certificates; sixth, to the Class J
Certificates; seventh, to the Class H Certificates, eighth, to the Class G
Certificates, ninth, to the Class F Certificates, tenth, to the Class E
Certificates, eleventh, to the Class D Certificates, twelfth, to the Class C
Certificates, thirteenth, to the Class B Certificates, in each case, until the
remaining Certificate Balance of each such Class of Certificates has been
reduced to zero. Following the reduction of the Certificate Balances of all such
Classes to zero, any remaining Collateral Support Deficit shall be allocated
among the Class A-1, Class A-2 and Class A-3 Certificates, pro rata (based upon
the Certificate Balance of each such Class), until the remaining Certificate
Balances of such Classes have been reduced to zero. Any Collateral Support
Deficit allocated to a Class of Certificates will be allocated among respective
Certificates of such Class in proportion to the Percentage Interests evidenced
thereby.

            (c) With respect to any Distribution Date, any Collateral Support
Deficit allocated to a Class of Certificates pursuant to Section 4.04(b) with
respect to such Distribution Date shall reduce the Lower-Tier Principal Amounts
of the Corresponding Uncertificated Lower-Tier Interest as a write-off; provided
that any Collateral Support Deficit allocated to the Class A-3 Certificates
shall be allocated, first, to the Class LA-3-1 Uncertificated Interest until
reduced to zero, second, to the Class LA-3-2 Uncertificated Interest until
reduced to zero and, third, to the Class LA-3-3 Uncertificated Interest until
reduced to zero.

            Section 4.05 [Reserved].

            Section 4.06 [Reserved].

            Section 4.07 Grantor Trust Reporting.

            The parties intend that the portion of the Trust Fund consisting of
Excess Interest, the Excess Interest Distribution Account shall constitute, and
that the affairs of the Trust Fund (exclusive of the Trust REMICs) shall be
conducted so as to qualify such portions as, a "grantor trust" under Subpart E,
Part I of Subchapter J of the Code, and the provisions hereof shall be
interpreted consistently with this intention. In furtherance of such intention,
the Trustee shall furnish or cause to be furnished to Class V Certificateholders
information returns with respect to income relating to their share of Excess
Interest, and such other information as may be required pursuant to the Code,
and shall file or cause to be filed with the Internal Revenue Service, such
information returns, schedules and other information, together with Form 1041 or
such other form as may be applicable, at the time or times and in the manner
required by the Code.

            Section 4.08 Fiscal Agent Termination Event. "Fiscal Agent
Termination Event," wherever used herein, means any one of the following events:

                  (i) Any failure by the Fiscal Agent to remit to the Trustee
            when due any required P&I Advances; or

                  (ii) 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, marshalling of assets and
            liabilities or similar proceedings, or for the winding up or
            liquidation of its affairs, shall have been entered against the
            Fiscal Agent and such decree or order shall have remained in force
            undischarged or unstayed for a period of 60 days; or

                  (iii) The Fiscal Agent shall consent to the appointment of a
            conservator, receiver, liquidator, trustee or similar official in
            any bankruptcy, insolvency, readjustment of debt, marshalling of
            assets and liabilities or similar proceedings or relating to the
            Fiscal Agent or relating to all or substantially all of its
            property; or

                  (iv) The Fiscal Agent 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 obligation, or take any corporate
            action in furtherance of the foregoing; or

                  (v) The long-term unsecured debt of the Fiscal Agent is rated
            below "Aa3" by Moody's or "AA-" by Fitch or S&P (or such other
            rating as will not result in a downgrade or withdrawal of the
            ratings on any Class of Certificates); or

                  (vi) With respect to the initial Fiscal Agent, LaSalle Bank
            National Association resigns or is removed pursuant to Section 7.6
            hereof.

            Section 4.09 Procedure Upon Termination Event. (a) On the date
specified in a written notice of termination given to the Fiscal Agent pursuant
to Section 4.08, all authority, power and rights of the Fiscal Agent under this
Agreement, whether with respect to the Loans or otherwise, shall terminate and a
successor Fiscal Agent, if necessary, shall be appointed by the Trustee, with
the consent of the Depositor; provided that the successor Fiscal Agent meets the
eligibility requirements set forth in Section 8.06. The Fiscal Agent agrees to
cooperate with the Trustee in effecting the termination of the Fiscal Agent's
responsibilities and rights hereunder as Fiscal Agent.

            (b) Notwithstanding the termination of its activities as Fiscal
Agent, the terminated Fiscal Agent shall continue to be entitled to
reimbursement to the extent provided in Section 4.03 but only to the extent such
reimbursement relates to the period up to and including the date on which the
Fiscal Agent's termination is effective. The Fiscal Agent shall be reimbursed
for all amounts owed to it hereunder on or prior to the effective date of its
termination from amounts on deposit in the Collection Account.

            Section 4.10 Merger or Consolidation of Fiscal Agent. Any Person
into which the Fiscal Agent may be merged or consolidated, or any Person
resulting from any merger, conversion, other change in form or consolidation to
which the Fiscal Agent shall be a party, or any Person succeeding to the
business of the Fiscal Agent, shall be the successor of the Fiscal Agent
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 that (i) the successor to the Fiscal Agent or
resulting Person shall have a net worth of not less than $100,000,000, (ii) such
successor or resulting Person shall be satisfactory to the Trustee, (iii) such
successor or resulting Person shall execute and deliver to the Trustee an
agreement, in form and substance satisfactory to the Trustee, which contains an
assumption by such Person of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the Fiscal Agent
under this Agreement from and after the date of such agreement, (iv) the
successor or surviving entity meets the eligibility requirements set forth in
Section 7.5, and (v) the Fiscal Agent shall deliver to the Trustee an Officer's
Certificate and an Opinion of Counsel acceptable to the Trustee (which opinion
shall be at the expense of the Fiscal Agent) stating that all conditions
precedent to such action under this Section 4.10 have been completed and such
action is permitted by and complies with the terms of this Section 4.10.

            Section 4.11 Limitation on Liability of the Fiscal Agent and Others.

            Neither the Fiscal Agent nor any of the directors, officers,
employees, agents or Controlling Persons of the Fiscal Agent shall be under any
liability to the Certificateholders, the Depositor or the Trustee for any action
taken or for refraining from the taking of any action in good faith, and using
reasonable business judgment pursuant to this Agreement, or for errors in
judgment; provided that this provision shall not protect the Fiscal Agent or any
such Person against any liability which would otherwise be imposed by reason of
willful misfeasance, bad faith or negligence in its performance of duties under
this Agreement or negligent disregard of its duties under this Agreement. The
Fiscal Agent and any director, officer, employee or agent of the Fiscal Agent
may rely in good faith on any document of any kind prima facie properly executed
and submitted by any Person respecting any matters arising hereunder. The Fiscal
Agent shall not be under any obligation to appear in, prosecute or defend any
legal action which is not incidental to its obligations under this Agreement. In
such event, all legal expenses and costs of such action shall be expenses and
costs of the Trust, and the Fiscal Agent shall be entitled to be reimbursed
therefor as Servicing Advances as provided by this Agreement. The provisions of
this Section 4.11 shall survive the resignation or removal of the Fiscal Agent
and the termination of this Agreement.

            Section 4.12 Indemnification of Fiscal Agent.

            The Fiscal Agent and each of its directors, officers, employees,
agents and Controlling Persons shall be indemnified by the Trust and held
harmless against any and all claims, losses, penalties, fines, forfeitures,
legal fees and related costs, judgments and any other costs, liabilities, fees
and expenses incurred in connection with this Agreement other than any loss,
liability or expense incurred by reason of the Fiscal Agent's willful
misfeasance, bad faith or negligence in the performance of duties hereunder. The
Depositor shall indemnify and hold harmless the Fiscal Agent, its directors,
officers, employees, agents and Controlling Persons from and against any loss,
claim, damage or liability, joint or several, and any action in respect thereof,
to which the Fiscal Agent, its directors, officers, employees, agents and
Controlling Person may become subject under the 1933 Act, insofar as such loss,
claim, damage, liability or action arises out of, or is based upon any untrue
statement or alleged untrue statement of a material fact contained in the
Confidential Offering Circular, Preliminary Prospectus Supplement, Final
Prospectus Supplement or Prospectus or arises out of, or is based upon the
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein in light of the
circumstances under which they were made, not misleading and shall reimburse the
Fiscal Agent, its directors, officers, employees, agents or Controlling Person
for any legal and other expenses reasonably incurred by the Fiscal Agent or any
such director, officer, employee, agent or Controlling Person in investigating
or defending or preparing to defend against any such loss, claim, damage,
liability or action. The Fiscal Agent shall immediately notify the Depositor,
the Mortgage Loan Sellers, the Special Servicer, the Master Servicer and the
Trustee if a claim is made by a third party with respect to this Section 4.12
entitling the Fiscal Agent, its directors, officers, employees, agents or
Controlling Person to indemnification hereunder, whereupon the Depositor shall
assume the defense of any such claim (with counsel reasonably satisfactory to
the Fiscal Agent) and pay all expenses in connection therewith, including
counsel fees, and promptly pay, discharge and satisfy any judgment or decree
which may be entered against it or them in respect of such claim. Any failure to
so notify the Depositor shall not affect any rights the Fiscal Agent, its
directors, officers, employees, agents or Controlling Person may have to
indemnification under this Section 4.12, unless the Depositor's defense of such
claim is materially prejudiced thereby. The indemnification provided herein
shall survive the termination of this Agreement and the resignation or removal
of the Fiscal Agent.

<PAGE>

                                    ARTICLE V

                                THE CERTIFICATES

            Section 5.01 The Certificates.

            (a) The Class A-X, Class A-SP, Class F, Class G, Class H, Class J,
Class K, Class L, Class M, Class N and Class O Certificates will be offered only
to Qualified Institutional Buyers and Non-U.S. Persons. Interests in the Class
A-X, Class A-SP, Class F, Class G, Class H, Class J, Class K, Class L, Class M,
Class N and Class O Certificates will be offered in the form of beneficial
interests in restricted global certificates in definitive, fully registered form
without interest coupons, deposited with the Trustee, as custodian for DTC, and
registered in the name of Cede & Co. ("Cede"), DTC's nominee.

            Class A-X, Class A-SP, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N and Class O Certificates sold to Qualified
Institutional Buyers will be represented by one or more Private Global
Certificates (each, a "Rule 144A Global Certificate"). Class A-X, Class A-SP,
Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N and Class
O Certificates sold in reliance on Regulation S under the Securities Act will be
represented by one or more Private Global Certificates (each, a "Regulation S
Global Certificate"). Beneficial interests in a Regulation S Global Certificate
may be held only through Euroclear or Clearstream at any time and may not be
held by a U.S. Person at any time.

            (b) The Certificates shall be substantially in the respective forms
annexed hereto as Exhibits A-1 through and including A-8. The Certificates shall
be issuable in registered form only; provided, however, that in accordance with
Section 5.03, beneficial ownership interests in the Regular Certificates (other
than the Private Definitive Certificates) shall initially be held and
transferred through the book-entry facilities of the Depository. The Class V and
Class R Certificates, and all Private Definitive Certificates, shall be issuable
as Definitive Certificates. Each Certificate shall share ratably in all rights
of the related Class.

            The Class A-X and Class A-SP Certificates shall be issuable only in
Denominations of authorized initial Notional Balance of not less than $10,000
and integral multiples of $1 in excess thereof. The Public Certificates will be
issuable only in Denominations of authorized initial Certificate Balance of not
less than $10,000 and integral multiples of $1 in excess thereof. The Private
Certificates (other than the Class L, Class M, Class N, Class O, Class LR and
Class R Certificates) will be issuable only in Denominations of authorized
initial Certificate Balance of not less than $10,000 and integral multiples of
$1 in excess thereof. The Class L, Class M, Class N and Class O Certificates
will be issuable only in Denominations of authorized initial Certificate Balance
of not less than $100,000 and integral multiples of $1 in excess thereof. The
Class V, Class LR and Class R Certificates will be issuable only as one or more
Definitive Certificates in Denominations representing Percentage Interests of
not less than 15%.

            With respect to any Certificate or any beneficial interest in a
Certificate, the "Denomination" thereof shall be (i) the amount set forth on the
face thereof or on a schedule attached thereto, (ii) in the case of any
beneficial interest in a Book-Entry Certificate, the interest of the related
Certificate Owner in the applicable Class of Certificates as reflected on the
books and records of the Depository or related Depository Participants, as
applicable, (iii) expressed in terms of initial Certificate Balance or initial
Notional Balance, as applicable, and (iv) in an authorized Denomination, as set
forth above. The Book-Entry Certificates will be issued as one or more
certificates registered in the name of a nominee designated by the Depository,
and Certificate Owners will hold interests in the Book-Entry Certificates
through the book-entry facilities of the Depository in the minimum Denominations
and aggregate Denominations as set forth above.

            A Certificate Owner of a Private Global Certificate shall be
entitled to receive a Definitive Certificate representing its interest in such
Certificate in accordance with the procedures described in Section 5.03(c). No
Certificate Owner of a Public Certificate of any Class shall be entitled to
receive a Definitive Certificate representing its interest in such Class, except
as provided in Section 5.03(d). Unless and until Definitive Certificates are
issued in respect of a Class of Public Certificates, or in substitution for a
Certificate that is a Private Global Certificate, beneficial ownership interests
in such Class of Certificates, or in such Private Global Certificate, shall be
maintained and transferred on the book-entry records of the Depository and
Depository Participants, and all references to actions by Holders of such Class
of Certificates, or Holders of such Private Global Certificates, shall be
references to actions taken by the Depository upon instructions received from
the related registered Holders of Certificates through the Depository
Participants in accordance with the Depository's procedures and, except as
otherwise set forth herein, all references herein to payments, notices, reports
and statements to Holders of such Class of Certificates, or Holders of Private
Global Certificates, shall be references to payments, notices, reports and
statements to the Depository or its nominee as the registered Holder thereof,
for distribution to the related registered Holders of Certificates through the
Depository Participants in accordance with the Depository's procedures.

            (c) The Certificates shall be executed by manual or facsimile
signature on behalf of the Certificate Registrar by an authorized signatory.
Certificates bearing the manual or facsimile signatures of individuals who were
at any time the authorized signatories of the Certificate Registrar shall be
entitled to all benefits under this Agreement, subject to the following
sentence, notwithstanding that such individuals or any of them have ceased to
hold such offices prior to the authentication and delivery of such Certificates
or did not hold such offices at the date of such Certificates. No Certificate
shall be entitled to any benefit under this Agreement, or be valid for any
purpose, however, unless there appears on such Certificate a certificate of
authentication substantially in the form provided for herein executed by the
Authenticating Agent by manual signature, and such certificate of authentication
upon any Certificate shall be conclusive evidence, and the only evidence, that
such Certificate has been duly authenticated and delivered hereunder. All
Certificates shall be dated the date of their authentication. The Trustee is
hereby initially appointed Authenticating Agent with power to act on the
Trustee's behalf in the authentication and delivery of the Certificates in
connection with transfers and exchanges as herein provided. If the
Authenticating Agent resigns or is terminated, the Trustee shall appoint a
successor Authenticating Agent which may be the Trustee or an Affiliate thereof.

            (d) Any of the Certificates may be issued with appropriate
insertions, omissions, substitutions and variations, and may have imprinted or
otherwise reproduced thereon such legend or legends, not inconsistent with the
provisions of this Agreement, as may be required to comply with any law or with
rules or regulations pursuant thereto, or with the rules of any securities
market in which the Certificates are admitted to trading, or to conform to
general usage.

            (e) If the Trust Fund ceases to be subject to Section 13 or 15(d) of
the Exchange Act, the Trustee shall make available to each Holder of a Class R
or Class LR Certificate, upon request of such a Holder, information
substantially equivalent in scope to the information currently filed by the
Trustee with the Commission pursuant to the Exchange Act, plus such additional
information required to be provided for securities qualifying for resales under
Rule 144A under the Act.

            For so long as the Class R or Class LR Certificates remain
outstanding, neither the Depositor nor the Trustee nor the Certificate Registrar
shall take any action which would cause the Trust Fund to fail to be subject to
Section 15(d) of the Exchange Act.

            Section 5.02 Registration of Transfer and Exchange of Certificates.

            (a) At all times during the term of this Agreement, there shall be
maintained at the office of the Certificate Registrar a Certificate Register in
which, subject to such reasonable regulations as the Certificate Registrar may
prescribe, the Certificate Registrar shall provide for the registration of
Certificates and of transfers and exchanges of Certificates as herein provided.
The Trustee is hereby initially appointed Certificate Registrar for the purpose
of registering Certificates and transfers and exchanges of Certificates as
herein provided. The Certificate Registrar may appoint, by a written instrument
delivered to the Depositor, the Trustee, the Special Servicer and the Master
Servicer, any other bank or trust company to act as Certificate Registrar under
such conditions as the predecessor Certificate Registrar may prescribe, provided
that the predecessor Certificate Registrar shall not be relieved of any of its
duties or responsibilities hereunder by reason of such appointment.

            If LaSalle Bank National Association, resigns as Trustee, the entity
succeeding LaSalle Bank National Association, as Trustee shall immediately
succeed to its predecessor's duties as Certificate Registrar. The Depositor, the
Trustee, the Master Servicer and the Special Servicer shall have the right to
inspect the Certificate Register or to obtain a copy thereof at all reasonable
times, and to rely conclusively upon a certificate of the Certificate Registrar
as to the information set forth in the Certificate Register. The names and
addresses of all Certificateholders and the names and addresses of the
transferees of any Certificates shall be registered in the Certificate Register;
provided, however, in no event shall the Certificate Registrar be required to
maintain in the Certificate Register the names of Certificate Owners. In
addition, upon the request of the Depositor, the Master Servicer or the Special
Servicer (and at such requesting party's expense), the Trustee shall acquire
from DTC (which request may be made to the proxy unit of DTC's reorganization
department) a Security Position Listing and deliver a copy of such Security
Position Listing to such requesting party.

            The Person in whose name any Certificate is so registered shall be
deemed and treated as the sole owner and Holder thereof for all purposes of this
Agreement and the Certificate Registrar, the Master Servicer, the Trustee, the
Special Servicer and any agent of any of them shall not be affected by any
notice or knowledge to the contrary. A Definitive Certificate is transferable or
exchangeable only upon the surrender of such Certificate to the Certificate
Registrar at the Corporate Trust Office (the "Registrar Office") together with
an assignment and transfer (executed by the Holder or his duly authorized
attorney).

            Subject to the requirements of this Section 5.02, the Certificate
Registrar shall execute and authenticate in the name of the designated
transferee or transferees, in the case of a Definitive Certificate being
surrendered in exchange for one or more new Definitive Certificates, one or more
new Certificates in Denominations equal in the aggregate to the Denomination of
the Definitive Certificate being surrendered. Such new Certificates shall be
delivered by the Certificate Registrar in accordance with Section 5.02(h).

            Each Certificate surrendered for registration of transfer shall be
canceled, and the Certificate Registrar shall hold such canceled Certificate in
accordance with its standard procedures.

            (b) No transfer of any Private Certificate shall be made unless that
transfer is made pursuant to an effective registration statement under the
Securities Act, and effective registration or qualification under applicable
state securities laws, or is made in a transaction which does not require such
registration or qualification. If a transfer (other than one by the Depositor to
an Affiliate thereof) of a Private Certificate is to be made in reliance upon an
exemption from the Securities Act, and under the applicable state securities
laws, then:

                  (i) the Certificate Registrar shall require the transferee to
            deliver to the Certificate Registrar an investment representation
            letter substantially in the form of Exhibit C-1 attached hereto (a
            "QIB Investment Representation Letter"), which shall certify, among
            other things, that the transferee is a "qualified institutional
            buyer" as defined in Rule 144A under the Securities Act (a
            "Qualified Institutional Buyer");

                  (ii) the Certificate Registrar shall require the transferee to
            deliver to the Certificate Registrar an investment representation
            letter substantially in the form of Exhibit C-2 attached hereto (a
            "Regulation S Investment Representation Letter"), which will
            certify, among other things, that the transferee is not a "U.S.
            Person" within the meaning of Regulation S under the Securities Act;
            or

                  (iii) the Certificate Registrar shall require the transferee
            to deliver to the Certificate Registrar an investment representation
            letter substantially in the form of Exhibit C-3 attached hereto,
            which shall certify, among other things, that the transferee is an
            institutional "accredited investor" as defined in Rule 501(a)(1),
            (2), (3) or (7) under the Securities Act or an entity in which all
            the equity owners satisfy such requirements (an "Institutional
            Accredited Investor") and is acquiring such Private Certificate for
            investment, either for its own account (and not for the account of
            others) or as a fiduciary or agent for others (which others also are
            Accredited Investors), and not with a view to, or for offer or sale
            in connection with, the public distribution thereof.

            If the certification described in the preceding clause (i), (ii) or
(iii) cannot be provided, (a) the Certificate Registrar shall require an Opinion
of Counsel reasonably satisfactory to the Certificate Registrar and the
Depositor that such transfer may be made pursuant to an exemption, describing
the applicable exemption and the basis therefor, from registration or
qualification under the Securities Act, applicable state securities laws and
other relevant laws, which Opinion of Counsel shall not be at the expense of the
Trust Fund, the Certificate Registrar, the Depositor or the Trustee and (b) the
Certificate Registrar shall require the transferor (other than the initial
Purchasers, in connection with their initial transfer of the Certificate being
transferred) to execute a certification in form and substance satisfactory to
the Certificate Registrar setting forth the facts surrounding such transfer;
provided, however, that a transfer of a Private Certificate of any such Class
may be made to a trust if the transferor provides to the Certificate Registrar
and to the Trustee a certification that interests in such trust may only be
transferred subject to requirements substantially to the effect set forth in
this Section 5.02.

            The Trustee shall furnish, or cause to be furnished, upon the
request of any Holder of a Private Certificate, any such information in the
Trustee's possession as is specified in paragraph (d)(4) of Rule 144A with
respect to the Trust Fund, unless, at the time of such request, the entity with
respect to which such information is to be provided is subject to the reporting
requirements of Section 13 or 15(d) of the Exchange Act. The Master Servicer
will be required to furnish to the Trustee, upon request, any such information
in the possession of the Master Servicer. None of the Depositor, the Trustee,
the Fiscal Agent, the Master Servicer, the Special Servicer or the Certificate
Registrar is obligated to register or qualify any Class of Private Certificates
under the Securities Act or any other securities law or to take any action not
otherwise required under this Agreement to permit the transfer of any Private
Certificate without registration or qualification. Any Holder of a Private
Certificate desiring to effect such a transfer shall, and does hereby agree to,
indemnify the Depositor, the Trustee, the Fiscal Agent, the Master Servicer, the
Special Servicer and the Certificate Registrar against any liability that may
result if the transfer is not so exempt or is not made in accordance with such
federal and state laws. Unless the Certificate Registrar determines otherwise in
accordance with applicable law and the rules and procedures of, or applicable
to, the Depository (the "Depository Rules"), transfers of a beneficial interest
Private Global Certificate that is not rated in one of the top four rating
categories by a nationally recognized statistical rating organization may be
effectuated only by means of an "SRO Rule 144A System" approved for such purpose
by the Commission.

            No Class V Certificate may be transferred to an Ineligible Class V
Owner.

            (c) (i) Unless (with respect to the first two paragraphs) a Class of
Private Global Certificates has been registered under the Securities Act, each
Certificate of such Class shall bear a legend substantially to the following
effect:

            THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
            1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES
            LAWS. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION
            HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
            ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
            REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
            SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

            THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES NOT
            TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN
            ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A)
            PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED
            EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO LONG AS THIS
            CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
            SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE SELLER REASONABLY
            BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE
            144A IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (C) TO
            A PERSON WHO IS NOT A "U.S. PERSON" AS DEFINED IN REGULATION S UNDER
            THE SECURITIES ACT, (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM
            THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT IN EACH
            OF THE FOREGOING CASES TO THE COMPLETION AND DELIVERY BY THE
            TRANSFEROR TO THE CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER
            IN THE FORM APPEARING ON THE LAST PAGE OF THIS CERTIFICATE.

            THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF
            THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST
            HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER
            REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT, AND
            SUCH HOLDER SHALL, AND EACH SUBSEQUENT PURCHASER IS REQUIRED TO
            NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF THE RESALE
            RESTRICTIONS REFERRED TO IN THE IMMEDIATELY PRECEDING PARAGRAPH. A
            TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION
            LETTER SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND
            SERVICING AGREEMENT AND SHALL ALSO BE REQUIRED TO DELIVER AN OPINION
            OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER
            WITHIN THE MEANING OF RULE 144A AND IT IS A U.S. PERSON WITHIN THE
            MEANING OF RULE 902 UNDER REGULATION S.

            WITH RESPECT TO THE CLASS H, CLASS J, CLASS K, CLASS L, CLASS M,
            CLASS N AND CLASS O PARTICIPATION CERTIFICATES: THIS CERTIFICATE
            SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT IS (A) AN EMPLOYEE
            BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN
            INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO
            THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
            ("ERISA"), SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS
            AMENDED (THE "CODE"), OR ANY ESSENTIALLY SIMILAR FEDERAL STATE OR
            LOCAL LAW (A "SIMILAR LAW") (EACH A "PLAN"), OR (B) A COLLECTIVE
            INVESTMENT FUND IN WHICH SUCH PLANS ARE INVESTED, AN INSURANCE
            COMPANY USING ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS WHICH
            INCLUDE ASSETS OF PLANS (OR WHICH ARE DEEMED PURSUANT TO ERISA OR
            ANY SIMILAR LAW TO INCLUDE ASSETS OF PLANS) OR OTHER PERSON ACTING
            ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN,
            OTHER THAN AN INSURANCE COMPANY USING THE ASSETS OF ITS GENERAL
            ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND THE SUBSEQUENT
            HOLDING OF SUCH CERTIFICATE BY SUCH INSURANCE COMPANY WOULD NOT
            CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION WITHIN THE MEANING
            OF SECTION 406 OR 407 OF ERISA, SECTION 4975 OF THE CODE, OR A
            MATERIALLY SIMILAR CHARACTERIZATION UNDER ANY SIMILAR LAW.
            TRANSFEREES OF THIS CERTIFICATE TAKING DELIVERY IN CERTIFICATED FORM
            SHALL BE REQUIRED EITHER (I) TO DELIVER A LETTER IN THE FORM SET
            FORTH IN THE POOLING AND SERVICING AGREEMENT TO SUCH EFFECT OR (II)
            IN THE EVENT THE TRANSFEREE IS SUCH AN ENTITY SPECIFIED IN (A) OR
            (B) ABOVE, SUCH ENTITY SHALL PROVIDE AN OPINION OF COUNSEL IN FORM
            AND SUBSTANCE SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE OR
            HOLDING OF THE CERTIFICATES BY OR ON BEHALF OF A PLAN WILL NOT
            RESULT IN THE ASSETS OF THE TRUST FUND BEING DEEMED TO BE "PLAN
            ASSETS" AND SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF
            ERISA OR THE PROHIBITED TRANSACTION PROVISIONS OF ERISA AND THE CODE
            OR SIMILAR LAW, WILL NOT CONSTITUTE OR RESULT IN A PROHIBITED
            TRANSACTION WITHIN THE MEANING OF SECTION 406 OR 407 OF ERISA OR
            SECTION 4975 OF THE CODE, AND WILL NOT SUBJECT THE SERVICER, THE
            SPECIAL SERVICER, THE DEPOSITOR OR THE TRUSTEE TO ANY OBLIGATION OR
            LIABILITY. THE TRANSFEREE OF A BENEFICIAL INTEREST IN THIS
            CERTIFICATE SHALL BE DEEMED TO REPRESENT THAT IT IS NOT A PLAN OR A
            PERSON ACTING ON BEHALF OF ANY PLAN OR USING THE ASSETS OF ANY PLAN
            TO ACQUIRE SUCH INTEREST, OTHER THAN AN INSURANCE COMPANY USING THE
            ASSETS OF ITS GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH
            PURCHASE AND THE SUBSEQUENT HOLDING OF THIS CERTIFICATE BY SUCH
            INSURANCE COMPANY WOULD NOT CONSTITUTE OR RESULT IN A PROHIBITED
            TRANSACTION WITHIN THE MEANING OF SECTION 406 OR 407 OF ERISA
            SECTION 4975 OF THE CODE, OR A MATERIALLY SIMILAR CHARACTERIZATION
            UNDER ANY SIMILAR LAW.

            (d) (i) Unless (with respect to the first two paragraphs) a Class of
Private Definitive Certificates has been registered under the Securities Act,
each Certificate of such Class shall bear a legend substantially to the
following effect:

            THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
            1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES
            LAWS. NEITHER THIS CERTIFICATE NOR ANY INTEREST PARTICIPATION HEREIN
            MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED
            OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
            UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
            REGISTRATION UNDER THE SECURITIES ACT.

            THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES NOT
            TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN
            ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A)
            PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED
            EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO LONG AS THIS
            CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
            SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE SELLER REASONABLY
            BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE
            144A IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, OR (C)
            PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
            REQUIREMENTS OF THE SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING
            CASES TO THE COMPLETION AND DELIVERY BY THE TRANSFEROR TO THE
            TRUSTEE OF A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE
            LAST PAGE OF THIS CERTIFICATE.

            WITH RESPECT TO THE CLASS V CERTIFICATES ONLY: THE HOLDER OF THIS
            CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES NOT TO OFFER, SELL OR
            OTHERWISE TRANSFER SUCH CERTIFICATE TO ANY PERSON THAT IS AN
            "INELIGIBLE CLASS V OWNER" (AS DEFINED IN THE POOLING AND SERVICING
            AGREEMENT).

            THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF
            THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST
            HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER
            REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT, AND
            SUCH HOLDER SHALL, AND EACH SUBSEQUENT PURCHASER IS REQUIRED TO
            NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF THE RESALE
            RESTRICTIONS REFERRED TO IN THE IMMEDIATELY PRECEDING PARAGRAPH. A
            TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION
            LETTER SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND
            SERVICING AGREEMENT AND SHALL ALSO BE REQUIRED TO DELIVER AN OPINION
            OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER
            WITHIN THE MEANING OF RULE 144A.

            OTHER THAN WITH RESPECT TO ANY CLASS F OR CLASS G CERTIFICATE, THIS
            CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT IS (A) AN
            EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN
            INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO
            THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
            ("ERISA"), SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS
            AMENDED (THE "CODE"), OR ANY ESSENTIALLY SIMILAR FEDERAL STATE OR
            LOCAL LAW (A "SIMILAR LAW") (EACH A "PLAN"), OR (B) A COLLECTIVE
            INVESTMENT FUND IN WHICH SUCH PLANS ARE INVESTED, AN INSURANCE
            COMPANY USING ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS WHICH
            INCLUDE ASSETS OF PLANS (OR WHICH ARE DEEMED PURSUANT TO ERISA OR
            ANY SIMILAR LAW TO INCLUDE ASSETS OF PLANS) OR OTHER PERSON ACTING
            ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN,
            OTHER THAN, EXCEPT IN THE CASE OF THE CLASS V CERTIFICATES OR THE
            RESIDUAL CERTIFICATES, AN INSURANCE COMPANY USING THE ASSETS OF ITS
            GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND THE
            SUBSEQUENT HOLDING OF SUCH CERTIFICATE BY SUCH INSURANCE COMPANY
            WOULD NOT CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION WITHIN
            THE MEANING OF SECTION 406 OR 407 OF ERISA, SECTION 4975 OF THE
            CODE, OR A MATERIALLY SIMILAR CHARACTERIZATION UNDER ANY SIMILAR
            LAW. TRANSFEREES OF THIS CERTIFICATE TAKING DELIVERY IN CERTIFICATED
            FORM SHALL BE REQUIRED EITHER (I) TO DELIVER A LETTER IN THE FORM
            SET FORTH IN THE POOLING AND SERVICING AGREEMENT TO SUCH EFFECT OR
            (II) IN THE EVENT THE TRANSFEREE IS SUCH AN ENTITY SPECIFIED IN (A)
            OR (B) ABOVE, EXCEPT IN THE CASE OF A CLASS V CERTIFICATE OR
            RESIDUAL CERTIFICATE, WHICH MAY NOT BE TRANSFERRED UNLESS THE
            TRANSFEREE REPRESENTS IT IS NOT SUCH AN ENTITY, SUCH ENTITY SHALL
            PROVIDE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO
            THE TRUSTEE THAT THE PURCHASE OR HOLDING OF THE CERTIFICATES BY OR
            ON BEHALF OF A PLAN WILL NOT RESULT IN THE ASSETS OF THE TRUST FUND
            BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO THE FIDUCIARY
            RESPONSIBILITY PROVISIONS OF ERISA OR THE PROHIBITED TRANSACTION
            PROVISIONS OF ERISA AND THE CODE OR SIMILAR LAW, WILL NOT CONSTITUTE
            OR RESULT IN A PROHIBITED TRANSACTION WITHIN THE MEANING OF SECTION
            406 OR 407 OF ERISA OR SECTION 4975 OF THE CODE, AND WILL NOT
            SUBJECT THE SERVICER, THE SPECIAL SERVICER, THE DEPOSITOR, THE
            TRUSTEE OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY. THE
            TRANSFEREE OF A BENEFICIAL INTEREST IN AN OFFERED PRIVATE
            CERTIFICATE SHALL BE DEEMED TO REPRESENT THAT IT IS NOT A PLAN OR A
            PERSON ACTING ON BEHALF OF ANY PLAN OR USING THE ASSETS OF ANY PLAN
            TO ACQUIRE SUCH INTEREST, OTHER THAN, EXCEPT IN THE CASE OF THE
            CLASS V CERTIFICATES OR THE RESIDUAL CERTIFICATES, AN INSURANCE
            COMPANY USING THE ASSETS OF ITS GENERAL ACCOUNT UNDER CIRCUMSTANCES
            WHEREBY SUCH PURCHASE AND THE SUBSEQUENT HOLDING OF SUCH CERTIFICATE
            BY SUCH INSURANCE COMPANY WOULD NOT CONSTITUTE OR RESULT IN A
            PROHIBITED TRANSACTION WITHIN THE MEANING OF SECTION 406 OR 407 OF
            ERISA SECTION 4975 OF THE CODE, OR A MATERIALLY SIMILAR
            CHARACTERIZATION UNDER ANY SIMILAR LAW.

            (e) With respect to any ERISA Restricted Certificate, Class V
Certificate or a Residual Certificate, no sale, transfer, pledge or other
disposition by any Holder of any such Certificate shall be made unless the
Certificate Registrar shall have received either (i) a representation letter
from the proposed purchaser or transferee of such Certificate to the effect that
such proposed purchaser or transferee is not (a) an employee benefit plan
subject to the fiduciary responsibility provisions of ERISA or Section 4975 of
the Code, or a governmental plan (as defined in Section 3(32) of ERISA) subject
to any federal, state or local law ("Similar Law") which is, to a material
extent, similar to the foregoing provisions of ERISA or the Code (each, a
"Plan") or (b) a person acting on behalf of or using the assets of any such Plan
(including an entity whose underlying assets include Plan assets by reason of
investment in the entity by such Plan and the application of Department of Labor
Regulation ss. 2510.3-101), other than (except in the case of a Class V
Certificate or Residual Certificate) an insurance company using the assets of
its general account under circumstances whereby the purchase and holding of such
Certificates by such insurance company would be eligible for the exemptive
relief from the prohibited transaction provisions of ERISA and Section 4975 of
the Code that is available under Sections I and III of Prohibited Transaction
Class Exemption 95-60 (it being understood that delivery of a representation
letter containing a representation substantially in the form of paragraph 8 of
Exhibit C-1 attached hereto shall satisfy the requirement of this Section
5.02(d)(i)), or (ii) (except in the case of a Class V Certificate or Residual
Certificate) if such Certificate is presented for registration in the name of a
purchaser or transferee that is any of the foregoing, an Opinion of Counsel in
form and substance satisfactory to the Trustee, the Certificate Registrar and
the Depositor to the effect that the acquisition and holding of such Certificate
by such purchaser or transferee will not constitute or result in a non-exempt
prohibited transaction under ERISA, Section 4975 of the Code or any Similar Law
and will not subject the Trustee, the Fiscal Agent, the Certificate Registrar,
the Master Servicer, the Special Servicer, the Underwriters, the Initial
Purchaser or the Depositor to any obligation or liability (including obligations
or liabilities under ERISA, Section 4975 of the Code or any Similar Law) in
addition to those set forth in the Agreement.

            The Certificate Registrar shall not register the sale, transfer,
pledge or other disposition of any such Certificate unless the Certificate
Registrar has received either the representation letter described in clause (i)
above or the Opinion of Counsel described in clause (ii) above. The costs of any
of the foregoing representation letters or Opinions of Counsel shall not be
borne by any of the Depositor, the Master Servicer, the Special Servicer, the
Certificate Registrar, the Trustee, the Fiscal Agent and the Trust Fund. Each
Certificate Owner of an ERISA Restricted Certificate, a Class V Certificate and
a Residual Certificate shall be deemed to represent that it is not a Person
specified in clauses (i)(a), or (b) above. Any transfer, sale, pledge or other
disposition of any such Certificates that would constitute or result in a
prohibited transaction under ERISA, Section 4975 of the Code or any Similar Law,
or would otherwise violate the provisions of this Section 5.02(e) shall be
deemed absolutely null and void ab initio, to the extent permitted under
applicable law.

            (f) Notwithstanding any provision to the contrary herein, so long as
a Private Global Certificate remains outstanding and is held by or on behalf of
DTC, transfers of a Private Global Certificate, in whole or in part, shall only
be made in accordance with this Article V.

                  (i) Regulation S Global Certificate to Rule 144A Global
            Certificate. If a holder of a beneficial interest in a Regulation S
            Global Certificate deposited with DTC wishes at any time to transfer
            its interest in such Regulation S Global Certificate to a Person who
            wishes to take delivery thereof in the form of a Rule 144A Global
            Certificate, such holder may, subject to the rules and procedures of
            Euroclear, Clearstream or DTC, as the case may be, exchange or cause
            the exchange of such interest for an equivalent beneficial interest
            in a Rule 144A Global Certificate. Upon receipt by the Trustee, as
            custodian for DTC, of (A) instructions from Euroclear, Clearstream
            or DTC, as the case may be, directing the Trustee, as such
            custodian, to cause to be issued a Rule 144A Global Certificate in
            an amount equal to the beneficial interest in such Regulation S
            Global Certificate, but not less than the minimum denomination
            applicable to such holder's Certificates to be exchanged, and (B) a
            certificate in the form of Exhibit C-1 attached hereto given by the
            holder of such beneficial interest and stating, among other things,
            that the Person transferring such beneficial interest in such
            Regulation S Global Certificate reasonably believes that the Person
            acquiring such interest in a Rule 144A Global Certificate is a
            qualified institutional buyer within the meaning of Rule 144A, is
            obtaining such beneficial interest in a transaction meeting the
            requirements of Rule 144A and in accordance with any applicable
            Securities laws of any State of the United States or any other
            applicable jurisdiction and that such Person acquiring such Rule
            144A Global Certificate is a "U.S. person" as defined in Regulation
            S under the Securities Act, then Euroclear or Clearstream or the
            Trustee, as custodian for DTC, as the case may be, will instruct the
            Trustee, as custodian for DTC, to reduce the Regulation S Global
            Certificate by the aggregate principal amount of the Rule 144A
            Global Certificate to be transferred and the Trustee, as such
            custodian, shall authenticate and deliver such Rule 144A Global
            Certificate, concurrently with such reduction, to the Person
            specified in such instructions with an outstanding principal amount
            equal to the reduction in the principal amount of the Regulation S
            Global Certificate.

                  (ii) Rule 144A Global Certificate to Regulation S Global
            Certificate. If a holder of a beneficial interest in one or more
            Rule 144A Global Certificates wishes at any time to exchange its
            interest in such Rule 144A Global Certificate for an interest in a
            Regulation S Global Certificate, or to transfer its interest in such
            Rule 144A Global Certificate to a Person who wishes to take delivery
            thereof in the form of an interest in a Regulation S Global
            Certificate, such holder, provided such holder is not a U.S. Person,
            may exchange or cause the exchange of such interest for an
            equivalent beneficial interest in a Regulation S Global Certificate.
            Upon receipt by the Trustee, as custodian for DTC, of (A) such Rule
            144A Global Certificate properly endorsed for such transfer and
            written instructions from such holder directing the Trustee, as such
            custodian, to cause to be credited a beneficial interest in a
            Regulation S Global Certificate in an amount equal to the beneficial
            interest in the Rule 144A Global Certificate, but not less than the
            minimum denomination applicable to such holder's Certificates held
            through a Regulation S Global Certificate, to be exchanged, (B) a
            written order containing information regarding the Euroclear or
            Clearstream account to be credited with such increase and (C) a
            certificate in the form of Exhibit C-2 attached hereto given by the
            holder of such beneficial interest stating that the exchange or
            transfer of such interest has been made in compliance with the
            transfer restrictions applicable to the Private Global Certificates,
            including that the holder is not a U.S. Person, and pursuant to and
            in accordance with Regulation S under the Securities Act, the
            Trustee, as custodian for DTC, shall record the transfer in the
            Registrar Office and shall increase the principal amount of the
            Regulation S Global Certificate by the outstanding principal amount
            of the beneficial interest in the Rule 144A Global Certificate to be
            exchanged, and to credit, or cause to be credited to the account of
            the Person specified in such instructions, a beneficial interest in
            the Regulation S Global Certificate equal to the amount specified in
            the instructions received pursuant to clause (i) above.

            (g) (i) Each Person who has or who acquires any Ownership Interest
in a Residual Certificate shall be deemed by the acceptance or acquisition of
such Ownership Interest to have agreed to be bound by the following provisions
and to have irrevocably authorized the Trustee under clause (ii) below to
deliver payments to a Person other than such Person. The rights of each Person
acquiring any Ownership Interest in a Residual Certificate are expressly subject
to the following provisions:

                  (A) No Person holding or acquiring any Ownership Interest in a
            Residual Certificate shall be a Disqualified Organization or agent
            thereof (including a nominee, middleman or similar person) (an
            "Agent"), a Plan or a Person acting on behalf of or investing the
            assets of a Plan (such Plan or Person, an "ERISA Prohibited Holder")
            or a Non-U.S. Person and shall promptly notify the Master Servicer,
            the Special Servicer, the Trustee, the Fiscal Agent and the
            Certificate Registrar of any change or impending change to such
            status;

                  (B) In connection with any proposed Transfer of any Ownership
            Interest in a Residual Certificate, the Certificate Registrar shall
            require delivery to it, and no Transfer of any Residual Certificate
            shall be registered until the Certificate Registrar receives, an
            affidavit substantially in the form attached hereto as Exhibit D-1
            (a "Transfer Affidavit") from the proposed Transferee, in form and
            substance satisfactory to the Certificate Registrar, representing
            and warranting, among other things, that such Transferee is not a
            Disqualified Organization or Agent thereof, an ERISA Prohibited
            Holder or a Non-U.S. Person, and that it has reviewed the provisions
            of this Section 5.02(g) and agrees to be bound by them;

                  (C) Notwithstanding the delivery of a Transfer Affidavit by a
            proposed Transferee under clause (B) above, if a Responsible Officer
            of the Certificate Registrar has actual knowledge that the proposed
            Transferee is a Disqualified Organization or Agent thereof, an ERISA
            Prohibited Holder or a Non-U.S. Person, no Transfer of an Ownership
            Interest in a Residual Certificate to such proposed Transferee shall
            be effected;

                  (D) Each Person holding or acquiring any Ownership Interest in
            a Residual Certificate shall agree (1) to require a Transfer
            Affidavit from any prospective Transferee to whom such Person
            attempts to transfer its Ownership Interest in such Residual
            Certificate and (2) not to transfer its Ownership Interest in such
            Residual Certificate unless it provides to the Certificate Registrar
            a letter substantially in the form attached hereto as Exhibit D-2 (a
            "Transferor Letter") certifying that, among other things, it has no
            actual knowledge that such prospective Transferee is a Disqualified
            Organization or Agent thereof, an ERISA Prohibited Holder or a
            Non-U.S. Person and that (if the Transferor is not a U.S. Person)
            such transfer does not have the effect of allowing the Transferor to
            avoid tax on accrued excess inclusions; and

                  (E) In addition, the Certificate Registrar may as a condition
            of the registration of any such transfer require the transferor to
            furnish such other certifications, legal opinions or other
            information (at the transferor's expense) as it may reasonably
            require to confirm that the proposed transfer is being made pursuant
            to an exemption from, or in a transaction not subject to, the
            registration requirements of the Securities Act and other applicable
            laws.

                  (ii) If any purported Transferee shall become a Holder of a
            Residual Certificate in violation of the provisions of this Section
            5.02(g), then the last preceding Holder of such Residual Certificate
            that was in compliance with the provisions of this Section 5.02(g)
            shall be restored, to the extent permitted by law, to all rights as
            Holder thereof retroactive to the date of registration of such
            Transfer of such Residual Certificate. None of the Trustee, the
            Fiscal Agent, the Master Servicer, the Special Servicer, the
            Authenticating Agent and the Certificate Registrar shall be under
            any liability to any Person for any registration of Transfer of a
            Residual Certificate that is in fact not permitted by this Section
            5.02(g) or for making any payments due on such Certificate to the
            Holder thereof or for taking any other action with respect to such
            Holder under the provisions of this Agreement.

                  (iii) The Master Servicer shall make available to the Internal
            Revenue Service and those Persons specified by the REMIC Provisions,
            upon written request of the Trustee, all information in its
            possession and necessary to compute any tax imposed as a result of
            the Transfer of an Ownership Interest in a Residual Certificate to
            any Person who is a Disqualified Organization or Agent thereof,
            including the information described in Treasury Regulations Sections
            1.860D-1(b)(5) and 1.860E-2(a)(5) with respect to the "excess
            inclusions" of such Residual Certificate.

            (h) Subject to the restrictions on transfer and exchange set forth
in this Section 5.02, the Holder of any Definitive Certificate may transfer or
exchange the same in whole or in part (with a Denomination equal to any
authorized denomination) by surrendering such Certificate at the Registrar
Office or at the office of any successor Certificate Registrar or transfer agent
appointed by the Certificate Registrar, together with an instrument of
assignment or transfer (executed by the Holder or its duly authorized attorney),
in the case of transfer, and a written request for exchange in the case of
exchange.

            Following a proper request for transfer or exchange, the Certificate
Registrar shall, within five Business Days of such request if made at such
Registrar Office, or within 10 Business Days if made at the office of a transfer
agent (other than the Certificate Registrar), execute and deliver at such
Registrar Office or at the office of such transfer agent, as the case may be, to
the transferee (in the case of transfer) or Holder (in the case of exchange) or
send by first-class mail (at the risk of the transferee in the case of transfer
or Holder in the case of exchange) to such address as the transferee or Holder,
as applicable, may request in writing, a Definitive Certificate or Certificates,
as the case may require, for a like aggregate Denomination and in such
Denomination or Denominations as may be requested. The Certificate Registrar may
decline to accept any request for an exchange or registration of transfer of any
Certificate during the period of 15 days preceding any Distribution Date.

            (i) If a Responsible Officer of the Certificate Registrar becomes
aware that a beneficial interest in a Private Global Certificate is being held
by or for the benefit of a Person who is not an Eligible Investor, or that a
Private Definitive Certificate is being held by or for the benefit of a Person
who is not an Eligible Investor or an Institutional Accredited Investor, or
that, in either case, such holding is unlawful under the laws of a relevant
jurisdiction, then the Certificate Registrar shall have the right, but not the
obligation, to void such transfer, if permitted under applicable law, or to
require the investor to sell (x) such Private Global Certificate to an Eligible
Investor or (y) the beneficial interest in such Private Definitive Certificate
to an Eligible Investor or an Institutional Accredited Investor, within 14 days
after notice of such determination, and each Certificateholder by its acceptance
of a Certificate authorizes the Certificate Registrar to take such action.

            (j) The Certificate Registrar shall provide notice to the Trustee,
the Fiscal Agent, the Master Servicer, the Special Servicer and the Depositor of
the transfer of any Private Definitive Certificate. The Certificate Owner of a
Private Definitive Certificate that wishes to receive the information described
in Section 3.28(c) shall provide notice to the Trustee, the Fiscal Agent, the
Master Servicer, the Special Servicer and the Depositor of the transfer of any
beneficial ownership in such Private Definitive Certificate and of the address
to which such information should be sent. Upon the written request of the
Trustee, the Fiscal Agent, the Master Servicer, the Special Servicer or the
Depositor, the Certificate Registrar shall provide each such Person with an
updated copy of the Certificate Register at the expense of the requesting party.

            (k)  No fee or service charge shall be imposed by the Certificate
Registrar for its services in respect of any registration of transfer or
exchange referred to in this Section 5.02. With respect to any transfer or
exchange of any Certificate, the Certificate Registrar may require payment by
each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

            (l) All Certificates surrendered for transfer and exchange shall be
physically canceled by the Certificate Registrar, and the Certificate Registrar
shall hold such canceled Certificates in accordance with its standard
procedures.

            (m)  Any representation letter, certificate, legal opinion or other
document required to be delivered to the Certificate Registrar pursuant to this
Section 5.02 with respect to transfers of any Class of Private Certificates
shall not be required to be delivered with respect to the initial transfer of
the Class L, Class M, Class N or Class O Certificates by the Initial Purchaser
to Clarion Partners, LLC.

            Section 5.03 Book-Entry Certificates.

            (a) The Regular Certificates initially shall be issued as one or
more Certificates registered in the name of the Depository or its nominee and,
except as provided in subsection (c) below, transfer of such Certificates may
not be registered by the Certificate Registrar unless such transfer is to a
successor Depository that agrees to hold such Certificates for the respective
Certificate Owners with Ownership Interests therein. Such Certificate Owners
shall hold and transfer their respective Ownership Interests in and to such
Certificates through the book-entry facilities of the Depository and, in the
case of the Public Certificates (except as provided in subsection (c) below),
shall not be entitled to Definitive Certificates in respect of such Ownership
Interests. All transfers by Certificate Owners of their respective Ownership
Interests in the Book-Entry Certificates shall be made in accordance with the
procedures established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant shall transfer
the Ownership Interests in the Book-Entry Certificates of Certificate Owners it
represents or of brokerage firms for which it acts as agent only in accordance
with the Depository's normal procedures. Neither the Trustee nor the Certificate
Registrar shall have any responsibility to monitor or restrict the transfer of
any ownership interest in a Book-Entry Certificate transferable through the
book-entry facilities of the Depository.

            (b) The Trustee, the Fiscal Agent, the Master Servicer, the Special
Servicer, the Depositor and the Certificate Registrar may for all purposes,
including the making of payments due on the Book-Entry Certificates, deal with
the Depository as the authorized representative of the Certificate Owners with
respect to such Certificates for the purposes of exercising the rights of
Certificateholders hereunder. The rights of Certificate Owners with respect to
the Book-Entry Certificates shall be limited to those established by law and
agreements between such Certificate Owners and the Depository Participants and
brokerage firms representing such Certificate Owners. Multiple requests and
directions from, and votes of, the Depository as Holder of the Book-Entry
Certificates with respect to any particular matter shall not be deemed
inconsistent if they are made with respect to different Certificate Owners. The
Trustee may establish a reasonable record date in connection with solicitations
of consents from or voting by Certificateholders and shall give notice to the
Depository of such record date.

            (c) Upon the request of any Certificate Owner of Private Global
Certificates, or the transferee of such Certificate Owner, that its interest in
such Private Global Certificates be exchanged for Private Definitive
Certificates, such Certificate Owner or transferee, upon presentation of
appropriate documentation to the Trustee as required by this Article V and
subject to the rules and procedures of the Depository, shall be entitled to be
issued one or more Private Definitive Certificates in denominations authorized
pursuant to Section 5.01(b) equal in the aggregate to the Denomination of such
interest in such Private Global Certificates.

            (d) If (A)(1) the Depositor advises the Trustee and the Certificate
Registrar in writing that the Depository is no longer willing or able to
properly discharge its responsibilities with respect to the Book-Entry
Certificates and (2) the Depositor is unable to locate a qualified successor, or
(B) the Depositor at its option advises the Trustee and the Certificate
Registrar in writing that it elects to terminate the book-entry system through
the Depository with respect to some or all of the Classes, or (C) the Trustee
determines that Definitive Certificates are required in accordance with the
provisions of Section 5.03(f), the Trustee shall notify the affected Certificate
Owners, through the Depository with respect to all Classes, any Class or any
portion of any Class of the Certificates, of the occurrence of any such event
and of the availability of Definitive Certificates to Certificate Owners
requesting the same.

            Upon surrender to the Certificate Registrar of the Book-Entry
Certificates by the Depository or any custodian acting on behalf of the
Depository, accompanied by registration instructions from the Depository for
registration of transfer, the Certificate Registrar shall execute, authenticate
and deliver, within five Business Days of such request if made at the Registrar
Office, or within ten Business Days if made at the office of a transfer agent
(other than the Certificate Registrar), the Definitive Certificates to the
Certificate Owners identified in such instructions. None of the Depositor, the
Master Servicer, the Trustee, the Fiscal Agent, the Special Servicer and the
Certificate Registrar shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected in relying on,
such instructions. Upon the issuance of Definitive Certificates for purposes of
evidencing ownership of any Class of Certificates, the registered Holders of
such Definitive Certificates shall be recognized as Certificateholders hereunder
and, accordingly, shall be entitled directly to receive payments on, to exercise
Voting Rights with respect to, and to transfer and exchange such Definitive
Certificates.

            For purposes of any provision of this Pooling and Servicing
Agreement requiring or permitting actions with the consent of, or at the
direction of, Holders of Certificates evidencing a specified percentage of the
Voting Rights, such consent or direction may be given by a combination of
Certificate Owners (acting through the Depository and the Depository
Participants) owning Book-Entry Certificates, and Certificateholders owning
Definitive Certificates, evidencing in the aggregate such specified percentage
of the Voting Rights.

            (e) The Book-Entry Certificates (i) shall be delivered by the
Certificate Registrar to the Depository, or pursuant to the Depository's
instructions, and shall be registered in the name of Cede & Co. and (ii) shall
bear a legend substantially to the following effect:

            UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
            OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO
            THE CERTIFICATE REGISTRAR OR ITS AGENT FOR REGISTRATION OF TRANSFER,
            EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
            NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
            AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
            CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
            REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
            VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
            REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

            The Book-Entry Certificates may be deposited with such other
Depository as the Certificate Registrar may from time to time designate, and
shall bear such legend as may be appropriate.

            (f) If the Trustee has instituted or has been directed to institute
any judicial proceeding in a court to enforce the rights of the
Certificateholders under the Certificates, and the Trustee has been advised by
counsel that in connection with such proceeding it is necessary or appropriate
for the Trustee to obtain possession of all or any portion of the Certificates
evidenced by Book-Entry Certificates, the Trustee may in its sole discretion
determine that such Certificates shall no longer be represented by such
Book-Entry Certificates. In such event, the Certificate Registrar will execute,
authenticate and deliver, in exchange for such Book-Entry Certificates,
Definitive Certificates in a Denomination equal to the aggregate Denomination of
such Book-Entry Certificates to the party so requesting such Definitive
Certificates. In such event, the Trustee shall notify the affected Certificate
Owners and make appropriate arrangements for the effectuation of the purpose of
this clause.

            (g) Upon acceptance for exchange or transfer of a beneficial
interest in a Book-Entry Certificate for a Definitive Certificate, as provided
herein, the Certificate Registrar shall endorse on a schedule affixed to the
related Book-Entry Certificate (or on a continuation of such schedule affixed to
such Book-Entry Certificate and made a part thereof) an appropriate notation
evidencing the date of such exchange or transfer and a decrease in the
Denomination of such Book-Entry Certificate equal to the Denomination of such
Definitive Certificate issued in exchange therefor or upon transfer thereof.

            (h) If a Holder of a Definitive Certificate wishes at any time to
transfer such Certificate to a Person who wishes to take delivery thereof in the
form of a beneficial interest in the Book-Entry Certificate, such transfer may
be effected only in accordance with Depository Rules and this Section 5.03(h).
Upon receipt by the Certificate Registrar at the Registrar Office of (i) the
Definitive Certificate to be transferred with an assignment and transfer
pursuant to Section 5.02(a), (ii) written instructions given in accordance with
Depository Rules directing the Certificate Registrar to credit or cause to be
credited to another account a beneficial interest in the related Book-Entry
Certificate, in an amount equal to the Denomination of the Definitive
Certificate to be so transferred, (iii) a written order given in accordance with
the Depository Rules containing information regarding the account to be credited
with such beneficial interests (iv) if the affected Certificate is a Private
Certificate, a QIB Investment Representation Letter or a Regulation S Investment
Representation Letter, the Certificate Registrar shall cancel such Definitive
Certificate, execute and deliver a new Definitive Certificate for the
Denomination of the Definitive Certificate not so transferred, registered in the
name of the Holder or the Holder's transferee (as instructed by the Holder), and
the Certificate Registrar shall instruct the Depository or the custodian holding
such Book-Entry Certificate on behalf of the Depository to increase the
Denomination of the related Book-Entry Certificate by the Denomination of the
Definitive Certificate to be so transferred, and to credit or cause to be
credited to the account of the Person specified in such instructions a
corresponding Denomination of such Book-Entry Certificate.

            Section 5.04 Mutilated, Destroyed, Lost or Stolen Certificates.

            If (i) any mutilated Certificate is surrendered to the Certificate
Registrar, or the Certificate Registrar receives evidence to its satisfaction of
the destruction, loss or theft of any Certificate and (ii) there is delivered to
the Trustee and the Certificate Registrar such security or indemnity as may be
required by them to save each of them harmless, then, in the absence of actual
notice to the Trustee or the Certificate Registrar that such Certificate has
been acquired by a bona fide purchaser, the Certificate Registrar shall execute
and authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Certificate, a new Certificate of the same Class and
of like Percentage Interest. Upon the issuance of any new Certificate under this
Section, the Trustee and the Certificate Registrar may require the payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in relation thereto and any other expenses (including the fees and expenses of
the Trustee and the Certificate Registrar) connected therewith. Any replacement
Certificate issued pursuant to this Section shall constitute complete and
indefeasible evidence of ownership in the Trust Fund, as if originally issued,
whether or not the lost, stolen or destroyed Certificate shall be found at any
time.

            Section 5.05 Persons Deemed Owners.

            Prior to due presentation of a Certificate for registration of
transfer, the Depositor, the Master Servicer, the Special Servicer, the Trustee,
the Fiscal Agent, the Certificate Registrar and any agents of any of them may
treat the person in whose name such Certificate is registered as the owner of
such Certificate for the purpose of receiving distributions pursuant to Section
4.01 and for all other purposes whatsoever, except as and to the extent provided
in the definition of "Certificateholder," and none of the Depositor, the Master
Servicer, the Special Servicer, the Trustee, the Fiscal Agent, the Certificate
Registrar and any agent of any of them shall be affected by notice to the
contrary except as provided in Section 5.03(d).

            Section 5.06 Access to Certificateholders' Names and Addresses.

            (a) If any Certificateholder, the Special Servicer or the Master
Servicer (for purposes of this Section 5.06, an "Applicant") applies in writing
to the Certificate Registrar, and such application states that the Applicant
desires to communicate with other Certificateholders, the Certificate Registrar
shall furnish or cause to be furnished to such Applicant a list of the names and
addresses of the Certificateholders as of the most recent Record Date, at the
expense of the Applicant, in the case of any Certificateholder and the expense
of the Trust Fund in the case of the Master Servicer or the Special Servicer.

            (b) Every Certificateholder, by receiving and holding its
Certificate, agrees with the Trustee and the Certificate Registrar that the
Trustee and the Certificate Registrar shall not be held accountable in any way
by reason of the disclosure of any information as to the names and addresses of
the Certificateholders hereunder, regardless of the source from which such
information was derived.

            (c) From time to time, upon the request of and at no expense to the
Trustee, the Certificate Registrar shall deliver to the Trustee the list of
Certificateholders and their addresses as currently reflected in the Certificate
Register.

<PAGE>

                                   ARTICLE VI

                            THE DEPOSITOR, THE MASTER
                        SERVICER AND THE SPECIAL SERVICER

            Section 6.01 Liability of the Depositor, the Master Servicer and the
Special Servicer.

            The Depositor, the Master Servicer and the Special Servicer shall be
liable in accordance herewith only to the extent of the respective obligations
specifically imposed upon and undertaken by the Depositor, the Master Servicer
and the Special Servicer herein.

            Section 6.02 Merger, Consolidation or Conversion of the Depositor,
the Master Servicer or the Special Servicer.

            (a) Subject to subsection (b) below, the Depositor, the Master
Servicer and the Special Servicer each will keep in full effect its existence,
rights and franchises under the laws of the jurisdiction of its incorporation or
organization, and each will obtain and preserve its qualification to do business
as a foreign corporation or limited partnership in each jurisdiction in which
such qualification is or shall be necessary to protect the validity and
enforceability of the Loans and to perform its respective duties under this
Agreement.

            (b) The Depositor, the Master Servicer and the Special Servicer each
may be merged or consolidated with or into any Person (other than the Trustee),
or transfer all or substantially all of its assets to any Person (other than the
Trustee), in which case any Person resulting from any merger or consolidation to
which the Depositor, the Master Servicer or the Special Servicer shall be a
party, or any Person succeeding to the business of the Depositor, the Master
Servicer or the Special Servicer, shall be the successor of the Depositor, the
Master Servicer and the Special Servicer, as the case may be, hereunder, without
the execution or filing of any paper (other than an assumption agreement wherein
the successor shall agree to perform the obligations of and serve as the
Depositor, the Master Servicer or the Special Servicer, as the case may be, in
accordance with the terms of this Agreement) or any further act on the part of
any of the parties hereto, anything herein to the contrary notwithstanding;
provided, however, that such merger, consolidation or succession will not or has
not resulted in a withdrawal, downgrading or qualification of the then-current
ratings of the Classes of Certificates that have been so rated (as evidenced by
a letter to such effect from each Rating Agency).

            Section 6.03 Limitation on Liability of the Trustee, the Depositor,
the Master Servicer, the Special Servicer and Others.

            (a) None of the Depositor, the Trustee, the Master Servicer, the
Special Servicer nor any of the Affiliates, directors, partners, members,
managers, shareholders, officers, employees or agents of any of them shall be
under any liability to the Trust Fund, the Underwriters, the parties hereto, the
Certificateholders, the holder of any B Note, the holder of any Companion Loan
or any other Person 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 Depositor, the
Trustee, the Master Servicer or the Special Servicer against any breach of
warranties or representations made herein or any liability which would otherwise
be imposed by reason of willful misfeasance, bad faith or negligence in the
performance of duties or by reason of negligent disregard of obligations and
duties hereunder. The Depositor, the Master Servicer, the Special Servicer, the
Trustee and any director, officer, employee or agent of the Depositor, the
Trustee, the Master Servicer or the Special Servicer may rely in good faith on
any document of any kind which, prima facie, is properly executed and submitted
by any Person respecting any matters arising hereunder.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee and any Affiliate, director, shareholder, member, partner, manager,
officer, employee or agent of any of the foregoing shall be indemnified and held
harmless by the Trust Fund against any loss, liability or expense incurred in
connection with or relating to this Agreement, the Loans, the Companion Loan, B
Note or the Certificates, other than any loss, liability or expense: (i)
specifically required to be borne thereby pursuant to the terms hereof; (ii)
incurred in connection with any breach of a representation or warranty made by
it herein; (iii) incurred by reason of bad faith, willful misconduct or
negligence in the performance of its obligations or duties hereunder, or by
reason of negligent disregard of such obligations or duties or (iv) in the case
of the Depositor and any of its directors, officers, employees and agents,
incurred in connection with any violation by any of them of any state or federal
securities law.

            (b) None of the Depositor, the Trustee, the Master Servicer or the
Special Servicer shall be under any obligation to appear in, prosecute or defend
any legal or administrative action, proceeding, hearing or examination that is
not incidental to its respective duties under this Agreement and which in its
opinion may involve it in any expense or liability which it is not reasonably
assured of reimbursement thereof by the Trust; provided, however, that the
Depositor, the Master Servicer, the Special Servicer or the Trustee may in its
discretion undertake any such action, proceeding, hearing or examination that it
may deem necessary or desirable in respect to this Agreement and the rights and
duties of the parties hereto and the interests of the Certificateholders
hereunder. In such event, the legal expenses and costs of such action,
proceeding, hearing or examination and any liability resulting therefrom shall
be expenses, costs and liabilities of the Trust Fund, and the Depositor, the
Master Servicer, the Special Servicer and the Trustee shall be entitled to be
reimbursed therefor out of amounts attributable to the Loans on deposit in the
Collection Account as provided by Section 3.05(a).

            (c) Each of the Master Servicer and the Special Servicer agrees to
indemnify the Depositor, the Trust Fund , the Trustee and the Fiscal Agent and
hold it harmless, from and against any and all claims, losses, penalties, fines,
forfeitures, reasonable legal fees and related out-of-pocket costs, judgments,
and any other out-of-pocket costs, liabilities, fees and expenses that any of
them may sustain arising from or as a result of any willful misfeasance, bad
faith or negligence of the Master Servicer or the Special Servicer, as the case
may be, in the performance of its obligations and duties under this Agreement or
by reason of negligent disregard by the Master Servicer or the Special Servicer,
as the case may be, of its duties and obligations hereunder or by reason of
breach of any representations or warranties made by it herein. The Master
Servicer and the Special Servicer may consult with counsel, and any written
advice or Opinion of Counsel shall be full and complete authorization and
protection with respect to any action taken or suffered or omitted by it
hereunder in good faith in accordance with the Servicing Standard and in
accordance with such advice or Opinion of Counsel relating to (i) tax matters,
(ii) any amendment of this Agreement under Article X, (iii) the defeasance of
any Defeasance Loan or (iv) any matter involving legal proceeding with a
Borrower.

            The Trustee shall immediately notify the Master Servicer or the
Special Servicer, as applicable, if a claim is made by a third party with
respect to this Agreement or the Loans entitling the Trust Fund to
indemnification hereunder, whereupon the Master Servicer or Special Servicer, as
the case may be, shall assume the defense of such claim and pay all expenses in
connection therewith, including counsel fees, and promptly pay, discharge and
satisfy any judgment or decree which may be entered against it or them in
respect of such claim. Any failure to so notify the Master Servicer or Special
Servicer, as the case may be, shall not affect any rights of the Trust Fund may
have to indemnification under this Agreement or otherwise, unless the Master
Servicer's or Special Servicer's, as the case may be, defense of such claim is
materially prejudiced thereby. The indemnification provided herein shall survive
the termination of this Agreement and the termination or resignation of the
Master Servicer and the Special Servicer.

            The Depositor agrees to indemnify the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee and any Affiliate, director, officer,
employee or agent thereof, and hold them harmless, from and against any and all
claims, losses, penalties, fines, forfeitures, reasonable legal fees and related
out-of-pocket costs, judgments, and any other out-of-pocket costs, liabilities,
fees and expenses that any of them may sustain arising from or as a result of
any breach of representations and warranties or failure in the performance of
the Depositor's obligations and duties under this Agreement. The Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee shall
immediately notify the Depositor if a claim is made by a third party with
respect to this Agreement or the Loans entitling it to indemnification
hereunder, whereupon the Depositor shall assume the defense of such claim and
pay all expenses in connection therewith, including counsel fees, and promptly
pay, discharge and satisfy any judgment or decree which may be entered against
it or them in respect of such claim. Any failure to so notify the Depositor
shall not affect any rights any of the foregoing Persons may have to
indemnification under this Agreement or otherwise, unless the Depositor's
defense of such claim is materially prejudiced thereby. The indemnification
provided herein shall survive the termination of this Agreement.

            The Trustee agrees to indemnify the Master Servicer, the Special
Servicer, the Fiscal Agent and the Depositor and any Affiliate, director,
officer, employee or agent thereof, and hold them harmless, from and against any
and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and
related out-of-pocket costs, judgments, and any other out-of-pocket costs,
liabilities, fees and expenses that any of them may sustain arising from or as a
result of any breach of representations and warranties made by it herein or as a
result of any willful misfeasance, bad faith or negligence of the Trustee in the
performance of its obligations and duties under this Agreement or the negligent
disregard by the Trustee of its duties and obligations hereunder. The Depositor,
Master Servicer, Fiscal Agent or the Special Servicer shall immediately notify
the Trustee if a claim is made by a third party with respect to this Agreement
or the Loans entitling it to indemnification hereunder, whereupon the Trustee
shall assume the defense of such claim and pay all expenses in connection
therewith, including counsel fees, and promptly pay, discharge and satisfy any
judgment or decree which may be entered against it or them in respect of such
claim. Any failure to so notify the Trustee shall not affect any rights any of
the foregoing Persons may have to indemnification under this Agreement or
otherwise, unless the Trustee's defense of such claim is materially prejudiced
thereby. The indemnification provided herein shall survive the termination of
this Agreement.

            Section 6.04 Master Servicer and Special Servicer Not to Resign.

            Subject to the provisions of Section 6.02, none of the Master
Servicer and the Special Servicer shall resign from their respective obligations
and duties hereby imposed on each of them except upon (a) a determination that
such party's duties hereunder are no longer permissible under applicable law or
(b) in the case of the Master Servicer or Special Servicer, upon the appointment
of, and the acceptance of such appointment by, a successor Master Servicer or
Special Servicer, as applicable and receipt by the Trustee of written
confirmation from each applicable Rating Agency that such resignation and
appointment will not cause such Rating Agency to downgrade, withdraw or qualify
any of then-current ratings assigned by such Rating Agency to any Class of
Certificates. Any such determination permitting the resignation of the Master
Servicer or the Special Servicer pursuant to above clause (a) above shall be
evidenced by an Opinion of Counsel (the cost of which, together with any other
expenses of such resignation, shall be at the expense of the resigning party) to
such effect delivered to the Trustee. No such resignation by the Master Servicer
or the Special Servicer shall become effective until the Trustee or a successor
Master Servicer shall have assumed the Master Servicer's or Special Servicer's,
as applicable, responsibilities and obligations in accordance with Section 7.02.

            Section 6.05 Rights of the Depositor in Respect of the Master
Servicer and the Special Servicer.

            The Depositor may, but is not obligated to, enforce the obligations
of the Master Servicer and the Special Servicer hereunder and may, but is not
obligated to, perform, or cause a designee to perform, any defaulted obligation
of the Master Servicer and the Special Servicer hereunder or exercise the rights
of the Master Servicer or Special Servicer, as applicable, hereunder; provided,
however, that the Master Servicer and the Special Servicer shall not be relieved
of any of their respective obligations hereunder by virtue of such performance
by the Depositor or its designee. The Depositor shall not have any
responsibility or liability for any action or failure to act by the Master
Servicer or the Special Servicer and is not obligated to supervise the
performance of the Master Servicer or the Special Servicer under this Agreement
or otherwise.

<PAGE>

                                   ARTICLE VII

                                     DEFAULT

            Section 7.01 Events of Default; Master Servicer and Special Servicer
Termination.

            (a) "Event of Default," wherever used herein, means any one of the
following events:

                  (i) any failure by the Master Servicer to make (x) any deposit
            or remittance (including a P&I Advance) required to be made by the
            Master Servicer to the Collection Account, Servicing Accounts,
            Excess Interest Distribution Account, Companion Loan Custodial
            Account, Interest Reserve Account or either Distribution Account by
            5:00 p.m. New York City time on the Master Servicer Remittance Date,
            which is not cured by 11:00 a.m. New York City time on the related
            Distribution Date; provided, however, that if the Master Servicer
            fails to make any remittance so required, including any Advance, to
            be made by the Master Servicer on the Master Servicer Remittance
            Date (without regard to any grace period), the Master Servicer shall
            pay to the Trustee, for the account of the Trustee, interest on such
            late remittance at the Prime Rate from and including the Master
            Servicer Remittance Date to but excluding the Distribution Date or
            (y) any Servicing Advance when required to be made pursuant to this
            Agreement, which failure to make a Servicing Advance remains uncured
            for fifteen days (or such shorter time as is necessary to avoid the
            lapse of any required Insurance Policy or the foreclosure of any tax
            lien on the related Mortgaged Property); or

                  (ii) any failure by the Special Servicer to deposit into, or
            to remit to the Master Servicer for deposit into the Collection
            Account, Companion Loan Custodial Account or the REO Account, or to
            deposit into, or to remit to the Trustee for deposit into, the
            Lower-Tier Distribution Account any amount required to be so
            deposited or remitted by the Special Servicer, pursuant to the terms
            of this Agreement which is not cured within two Business Days after
            such payment is due, provided, however, that if the Special Servicer
            fails to make any remittance so required to be made by the Special
            Servicer, and Master Servicer is required to make an Advance for
            such amount, the Special Servicer shall pay to the Master Servicer
            for deposit into the Collection Account, interest on such late
            remittance at the Prime Rate from and including the date such
            payment was due until the date such payment was actually made; or

                  (iii) any failure on the part of the Master Servicer or the
            Special Servicer duly to observe or perform in any material respect
            any other of the covenants or agreements on the part of the Master
            Servicer or the Special Servicer contained in this Agreement which
            continues unremedied for a period of 30 days (15 days in the case of
            a failure to pay the premium for any Insurance Policy required to be
            maintained hereunder) after the date on which written notice of such
            failure, requiring the same to be remedied, shall have been given to
            the Master Servicer or the Special Servicer, as the case may be, by
            any other party hereto, or to the Master Servicer, the Special
            Servicer, the Depositor and the Trustee by the Holders of
            Certificates of any Class evidencing, as to such Class, Percentage
            Interests aggregating not less than 25%; provided, however, that
            with respect to any such failure which is not curable within such
            30-day period or 15-day period, as applicable, the Master Servicer
            or the Special Servicer, as the case may be, shall have an
            additional cure period of 30 days to effect such cure so long as the
            Master Servicer or the Special Servicer, as the case may be, has
            commenced to cure such failure within such initial 30-day period or
            15-day period, as applicable, and has diligently pursued, and is
            continuing to pursue, a full cure; or

                  (iv) any breach on the part of the Master Servicer or the
            Special Servicer of any representation or warranty contained in
            Section 3.23 or Section 3.24, as applicable, which materially and
            adversely affects the interests of any Class of Certificateholders
            and which continues unremedied for a period of 30 days after the
            date on which notice of such breach, requiring the same to be
            remedied, shall have been given to the Master Servicer or the
            Special Servicer, as the case may be, by the Depositor or the
            Trustee, or to the Master Servicer, the Special Servicer, the
            Depositor and the Trustee by the Holders of Certificates of any
            Class evidencing, as to such Class, Percentage Interests aggregating
            not less than 25%; provided, however, that with respect to any such
            breach which is not curable within such 30-day period, the Master
            Servicer or the Special Servicer, as the case may be, shall have an
            additional cure period of 30 days to effect such cure so long as the
            Master Servicer or the Special Servicer, as the case may be, has
            commenced to cure such breach within the initial 30-day period and
            has diligently pursued, and is continuing to pursue, a full cure; or

                  (v) 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
            Master Servicer or the Special Servicer and such decree or order
            shall have remained in force undischarged or unstayed for a period
            of 60 days; or

                  (vi) the Master Servicer or the Special 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 Master Servicer or the Special Servicer or
            relating to all or substantially all of its property; or

                  (vii) the Master Servicer or the Special 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

                  (viii) Moody's places the rating of any Class of Certificates
            on "watchlist" status for possible ratings downgrade or withdrawal
            citing servicing concerns with respect to the Master Servicer or the
            Special Servicer as the sole or a contributory factor in such rating
            action, and Moody's has not removed such rating from "watchlist"
            status within 60 days thereafter or stated that servicing is no
            longer a contributory factor; or

                  (ix) the Trustee shall have received written notice from
            Moody's to the effect that the Master Servicer or the Special
            Servicer, as the case may be, acting in its respective capacity, has
            resulted in a downgrade or withdrawal of any rating assigned by
            Moody's to any Class of Certificates;

                  (x) with respect to the Westfarms Mall Total Loan only, the
            Master Servicer is removed from S&P's approved master servicer list
            or, the Special Servicer is removed from S&P's approved special
            servicer list; or

                  (xi) the Trustee shall have received written notice from Fitch
            that the continuation of the Master Servicer or the Special Servicer
            in that capacity would result, or has resulted, in a downgrade or
            withdrawal of any rating then assigned by Fitch to any Class of
            Certificates.

            (b) If any Event of Default with respect to the Master Servicer or
Special Servicer (in either case, for purposes of this Section 7.01(b), the
"Defaulting Party") shall occur and be continuing, then, and in each and every
such case, so long as such Event of Default shall not have been remedied, the
Trustee may, and at the written direction of the Holders of Certificates
entitled to at least 25% of the Voting Rights, shall, terminate, by notice in
writing to the Defaulting Party (a "Termination Notice"), with a copy of such
notice to the Depositor and the Certificate Registrar, all of the rights and
obligations of the Defaulting Party under this Agreement and in and to the Loans
and Companion Loan and the proceeds thereof; provided, however, that the
Defaulting Party shall be entitled to the payment of accrued and unpaid
compensation and reimbursement through the date of such termination, as well as
amounts due to it thereafter, if any, including with respect to the Excess
Servicing Strip and Assignable Primary Servicing Fees, as provided for under
this Agreement for services rendered and expenses incurred.

            From and after the receipt by the Defaulting Party of such written
notice, all authority and power of the Defaulting Party under this Agreement,
whether with respect to the Certificates (other than as a Holder of any
Certificate) or the Loans, Companion Loan or otherwise, shall pass to and be
vested in the Trustee pursuant to and under this Section, and, without
limitation, the Trustee is hereby authorized and empowered to execute and
deliver, on behalf of and at the expense of the Defaulting Party, 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 Loans, Companion Loan and related documents, or
otherwise.

            The Master Servicer and Special Servicer each agree that if it is
terminated pursuant to this Section 7.01(b), it shall promptly (and in any event
no later than 20 Business Days after its receipt of the notice of termination)
provide the Trustee with all documents and records requested by it to enable the
Trustee to assume the Master Servicer's or the Special Servicer's, as the case
may be, functions hereunder, and shall cooperate with the Trustee in effecting
the termination of the Master Servicer's or the Special Servicer's, as the case
may be, responsibilities and rights hereunder, including, without limitation,
the transfer within five Business Days to the Trustee for administration by it
of all cash amounts which shall at the time be or should have been credited by
the Master Servicer to the Collection Account, or any Servicing Account (if it
is the Defaulting Party) or by the Special Servicer to the REO Account (if it is
the Defaulting Party) or thereafter be received with respect to the Loans,
Companion Loan or any REO Property (provided, however, that the Master Servicer
and Special Servicer each shall, if terminated pursuant to this Section 7.01(b),
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, whether in respect of
Advances (in the case of the Master Servicer) or otherwise, as well as amounts
due to it thereafter, if any, and it and its directors, officers, employees and
agents shall continue to be entitled to the benefits of Section 6.03
notwithstanding any such termination).

            (c) The Holder or Holders of more than 50% of the aggregate
Certificate Balance of the Controlling Class shall be entitled to terminate the
rights and obligations of the Special Servicer under this Agreement, with or
without cause, upon 10 Business Days notice to the Master Servicer, the Special
Servicer and the Trustee, and to appoint a successor Special Servicer; provided,
however, that (i) such successor will meet the requirements set forth in Section
7.02 and (ii) as evidenced in writing by each of the Rating Agencies, the
proposed successor of the Special Servicer will not, in and of itself, result in
a downgrading, withdrawal or qualification of the then-current ratings provided
by the Rating Agencies in respect to any Class of then outstanding Certificates
that is rated. No penalty or fee shall be payable to the Special Servicer with
respect to any termination pursuant to this Section 7.01(c). Any expenses of the
trust as a result of any termination pursuant to this Section 7.01(c) shall be
paid by the Holders who effected such termination.

            (d) If any Event of Default with respect to the Special Servicer
shall occur and be continuing (as determined by the Trustee), which Event of
Default does not relate solely to a mortgage loan other than the Westfarms Mall
Total Loan, then, and in each and every such case, so long as such Event of
Default shall not have been remedied, the holder of the A-2 Note shall have the
right to direct the Trustee to terminate the Special Servicer (with respect to
the Westfarms Mall Total Loan only) in accordance with the provisions of Section
7.01(b) and shall have the right to cause the Trustee to appoint a successor
Special Servicer designated by the holder of the A-2 Note (with respect to the
Westfarms Mall Total Loan only), and the Directing Certificateholder shall
similarly have the right to replace such replacement special servicer upon an
Event of Default (as determined by the Trustee) related solely to the Westfarms
Mall Total Loan; provided, however, that (i) any such successor will meet the
requirements set forth in Section 7.02 and (ii) as evidenced in writing by each
of the Rating Agencies, the proposed successor of the Special Servicer will not,
in and of itself, result in a downgrading, withdrawal or qualification of the
then-current ratings provided by the Rating Agencies in respect to any Class of
then outstanding Certificates that is rated and by S&P with respect to the
certificates issued pursuant to the securitization containing the Companion
Loan.

            (e) The Master Servicer and Special Servicer shall, from time to
time, take all such actions as are required by them in order to maintain their
respective status as an approved servicer and special servicer, as applicable
and as pertains to this transaction, with each of the Rating Agencies.

            Section 7.02 Trustee to Act; Appointment of Successor.

            On and after the time the Master Servicer or the Special Servicer,
as the case may be, either resigns pursuant to clause (a) of the first sentence
of Section 6.04(a) or receives a notice of termination for cause pursuant to
Section 7.01(b), and provided that no acceptable successor has been appointed,
the Trustee shall be and become the successor to the Master Servicer or Special
Servicer, as the case may be, in all respects in its capacity as Master Servicer
or Special Servicer under this Agreement and the transactions set forth or
provided for herein and shall be subject to all the responsibilities, duties,
liabilities and limitations on liability relating thereto and that arise
thereafter placed on or for the benefit of the Master Servicer or Special
Servicer by the terms and provisions hereof; provided, however, that any failure
to perform such duties or responsibilities caused by the terminated party's
failure under Section 7.01 to provide information or moneys required hereunder
shall not be considered a default by such successor hereunder.

            The appointment of a successor Master Servicer shall not affect any
liability of the predecessor Master Servicer which may have arisen prior to its
termination as Master Servicer, and the appointment of a successor Special
Servicer shall not affect any liability of the predecessor Special Servicer
which may have arisen prior to its termination as Special Servicer. The Trustee
in its capacity as successor to the Master Servicer or the Special Servicer, as
the case may be, shall not be liable for any of the representations and
warranties of the Master Servicer or the Special Servicer, respectively, herein
or in any related document or agreement, for any acts or omissions of the
predecessor Master Servicer or Special Servicer or for any losses incurred by
the Master Servicer pursuant to Section 3.06 hereunder, nor shall the Trustee be
required to purchase any Loan hereunder.

            As compensation therefor, the Trustee as successor Master Servicer
shall be entitled to the Master Servicing Fees and all fees relating to the
Loans which the Master Servicer would have been entitled to if the Master
Servicer had continued to act hereunder (subject to Section 3.11(a) with respect
to the Assignable Primary Servicing Fee and the Excess Servicing Strip),
including but not limited to any income or other benefit from any Permitted
Investment pursuant to Section 3.06, and as successor to the Special Servicer
shall be entitled to the Special Servicing Fees to which the Special Servicer
would have been entitled if the Special Servicer had continued to act hereunder.
Should the Trustee succeed to the capacity of the Master Servicer or the Special
Servicer, the Trustee shall be afforded the same standard of care and liability
as the Master Servicer or the Special Servicer, as applicable, hereunder
notwithstanding anything in Section 8.01 to the contrary, but only with respect
to actions taken by it in its role as successor Master Servicer or successor
Special Servicer, as the case may be, and not with respect to its role as
Trustee hereunder. The Trustee shall not be entitled to receive the Assignable
Primary Servicing Fees.

            Notwithstanding the above, the Trustee may, if it shall be unwilling
to act as successor to the Master Servicer or Special Servicer, or shall, if it
is unable to so act, or if the Trustee is not approved as a servicer or special
servicer, as applicable, by each Rating Agency, or if the Holders of
Certificates entitled to at least 51% of the Voting Rights so request in writing
to the Trustee, promptly appoint, or petition a court of competent jurisdiction
to appoint, any established mortgage loan servicing institution which meets the
criteria set forth herein, as the successor to the Master Servicer or the
Special Servicer, as applicable, hereunder in the assumption of all or any part
of the responsibilities, duties or liabilities of the Master Servicer or Special
Servicer hereunder. No appointment of a successor to the Master Servicer or the
Special Servicer under this Section 7.02 shall be effective (i) until each of
the Rating Agencies shall have confirmed in writing that its then-current rating
(if any) of each Class of Certificates will not be qualified (as applicable),
downgraded or withdrawn by reason thereof and (ii) until the assumption in
writing by the successor to the Master Servicer or the Special Servicer of all
its responsibilities, duties and liabilities hereunder that arise thereafter.
Pending appointment of a successor to the Master Servicer or the Special
Servicer hereunder, unless the Trustee shall be prohibited by law from so
acting, the Trustee shall act in such capacity as herein above provided.

            In connection with such appointment and assumption of a successor to
the Master Servicer or Special Servicer as described herein, subject to Section
3.11(a), the Trustee may make such arrangements for the compensation of such
successor out of payments on Loans as it and such successor shall agree;
provided, however, that no such compensation with respect to a successor Master
Servicer or successor Special Servicer, as the case may be, shall be in excess
of that permitted the terminated Master Servicer or Special Servicer, as the
case may be, hereunder, excluding the Assignable Primary Servicing Fee;
provided, further, that if no successor can be obtained for such compensation,
then, subject to approval by the Rating Agencies, additional amounts shall be
paid to such successor and such amounts in excess of that permitted the
terminated Master Servicer or Special Servicer, as the case may be, shall be
treated as Collateral Support Deficit. The Trustee, the Master Servicer or the
Special Servicer (whichever is not the terminated party) and such successor
shall take such action, consistent with this Agreement, as shall be necessary to
effectuate any such succession. Any costs and expenses associated with the
transfer of the servicing function (other than with respect to a termination
without cause) under this Agreement shall be borne by the predecessor Master
Servicer or Special Servicer.

            Section 7.03 Notification to Certificateholders.

            (a) Upon any resignation of the Master Servicer or the Special
Servicer pursuant to Section 6.04, any termination of the Master Servicer or the
Special Servicer pursuant to Section 7.01 or any appointment of a successor to
the Master Servicer or the Special Servicer pursuant to Section 7.02, the
Trustee shall give prompt written notice thereof to Certificateholders at their
respective addresses appearing in the Certificate Register and, to the extent
such information has been made available to the Trustee, to the holder of the
Companion Loan and the holder of the B Note.

            (b) Not later than the later of (i) 60 days after the occurrence of
any event which constitutes or, with notice or lapse of time or both, would
constitute an Event of Default and (ii) 5 days after the Trustee would be deemed
to have notice of the occurrence of such an event in accordance with Section
8.02(vii), the Trustee shall transmit by mail to the Depositor and all
Certificateholders and the Depositor shall send to the holder of the Companion
Loan and the holder of the B Note notice of such occurrence, unless such default
shall have been cured.

            Section 7.04 Waiver of Events of Default.

            The Holders of Certificates representing at least 66 2/3% of the
Voting Rights allocated to each Class of Certificates affected by any Event of
Default hereunder may waive such Event of Default within 20 days of the receipt
of notice from the Trustee of the occurrence of such Event of Default; provided,
however, that an Event of Default under (x) and (y) of clause (i) of Section
7.01(a) may be waived by 100% of the certificateholders of the affected Classes
and the Trustee. Upon any such waiver of an Event of Default and reimbursement
by the party requesting such waiver to the Trustee of all costs and expenses
incurred by it in connection with such Event of Default and prior to its waiver,
such Event of Default shall cease to exist and shall be deemed to have been
remedied for every purpose hereunder. No such waiver shall extend to any
subsequent or other Event of Default or impair any right consequent thereon
except to the extent expressly so waived. Notwithstanding any other provisions
of this Agreement, for purposes of waiving any Event of Default pursuant to this
Section 7.04, Certificates registered in the name of the Depositor or any
Affiliate of the Depositor shall be entitled to the same Voting Rights with
respect to the matters described above as they would if any other Person held
such Certificates.

            Section 7.05 Trustee Advances.

            If the Master Servicer (or KRECM and the Master Servicer, with
respect to the Westfarms Mall Total Loan) fails to fulfill its obligations
hereunder to make any Advances, the Trustee shall perform such obligations (x)
within one Business Day of such failure (a failure only occurring after the
Master Servicer's cure period under Section 7.01(a)(i)(y) has expired) by the
Master Servicer with respect to Servicing Advances to the extent a Responsible
Officer of the Trustee has been notified in writing of such failure with respect
to such Servicing Advances and (y) by 10:00 a.m., New York City time, on the
related Distribution Date with respect to P&I Advances. With respect to any such
Advance made by the Trustee, the Trustee shall succeed to all of the Master
Servicer's rights with respect to Advances hereunder, including, without
limitation, the Master Servicer's rights of reimbursement and interest on each
Advance at the Reimbursement Rate, and rights to determine that a proposed
Advance is a Nonrecoverable P&I Advance or Servicing Advance, as the case may be
(without regard to any impairment of any such rights of reimbursement caused by
the Master Servicer's default in its obligations hereunder); provided, however,
that if Advances made by both the Trustee and the Master Servicer shall at any
time be outstanding, or any interest on any Advance shall be accrued and unpaid,
all amounts available to repay such Advances and the interest thereon hereunder
shall be applied entirely to the Advances outstanding to the Trustee, until such
Advances shall have been repaid in full, together with all interest accrued
thereon, prior to reimbursement of the Master Servicer for such Advances. The
Trustee shall be entitled to conclusively rely on any notice given with respect
to a Nonrecoverable Advance hereunder.

            If the Trustee fails to fulfill its obligations hereunder to make
any Advances, the Fiscal Agent shall perform such obligations (x) within one
Business Day of such failure by the Trustee with respect to Servicing Advances
to the extent a Responsible Officer of the Fiscal Agent has been notified in
writing of such failure with respect to such Servicing Advances and (y) by 1:00
p.m., New York City time, on the related Distribution Date with respect to P&I
Advances. With respect to any such Advance made by the Fiscal Agent, the Fiscal
Agent shall succeed to all of the Trustee's rights with respect to Advances
hereunder, including, without limitation, the Trustee's rights of reimbursement
and interest on each Advance at the Reimbursement Rate, and rights to determine
that a proposed Advance is a Nonrecoverable P&I Advance or Servicing Advance, as
the case may be (without regard to any impairment of any such rights of
reimbursement caused by the Trustee's default in its obligations hereunder);
provided, however, that if Advances made by both the Fiscal Agent and the
Trustee shall at any time be outstanding, or any interest on any Advance shall
be accrued and unpaid, all amounts available to repay such Advances and the
interest thereon hereunder shall be applied entirely to the Advances outstanding
to the Fiscal Agent, until such Advances shall have been repaid in full,
together with all interest accrued thereon, prior to reimbursement of the
Trustee for such Advances. The Fiscal Agent shall be entitled to conclusively
rely on any notice given with respect to a Nonrecoverable Advance hereunder.

<PAGE>

                                  ARTICLE VIII

                             CONCERNING THE TRUSTEE

            Section 8.01 Duties of Trustee and Fiscal Agent.

            (a) The Trustee and Fiscal Agent, prior to the occurrence of an
Event of Default and after the curing or waiving of all Events of Default which
may have occurred, undertakes to perform such duties and only such duties as are
specifically set forth in this Agreement. If an Event of Default occurs and is
continuing, then (subject to Section 8.02(vii) below) the Trustee shall exercise
such of the rights and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise as a prudent man would exercise or
use under the circumstances in the conduct of his own affairs. Any permissive
right of the Trustee or Fiscal Agent contained in this Agreement shall not be
construed as a duty.

            (b) The Trustee and Fiscal Agent, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or other
instruments furnished to the Trustee and Fiscal Agent which are specifically
required to be furnished pursuant to any provision of this Agreement (other than
the Mortgage Files, the review of which is specifically governed by the terms of
Article II), shall examine them to determine whether they conform to the
requirements of this Agreement. If any such instrument is found not to conform
to the requirements of this Agreement in a material manner, the Trustee and
Fiscal Agent shall make a request to the responsible party to have the
instrument corrected. The Trustee or Fiscal Agent shall not be responsible for
the accuracy or content of any resolution, certificate, statement, opinion,
report, document, order or other instrument furnished by the Depositor, the
Master Servicer or the Special Servicer, and accepted by the Trustee or Fiscal
Agent in good faith, pursuant to this Agreement.

            (c) No provision of this Agreement shall be construed to relieve the
Trustee or the Fiscal Agent from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct; provided, however, that:

                  (i) Prior to the occurrence of an Event of Default, and after
            the curing of all such Events of Default which may have occurred,
            the duties and obligations of the Trustee and the Fiscal Agent shall
            be determined solely by the express provisions of this Agreement,
            the Trustee and the Fiscal Agent shall not be liable except for the
            performance of such duties and obligations as are specifically set
            forth in this Agreement, no implied covenants or obligations shall
            be read into this Agreement against the Trustee and Fiscal Agent
            and, in the absence of bad faith on the part of the Trustee or
            Fiscal Agent, the Trustee and Fiscal Agent may conclusively rely, as
            to the truth of the statements and the correctness of the opinions
            expressed therein, upon any certificates or opinions furnished to
            the Trustee and Fiscal Agent and conforming to the requirements of
            this Agreement;

                  (ii) The Trustee or Fiscal Agent shall not be liable for an
            error of judgment made in good faith by a Responsible Officer or
            Responsible Officers of the Trustee and Fiscal Agent, unless it
            shall be proved that the Trustee or Fiscal Agent was negligent in
            ascertaining the pertinent facts;

                  (iii) The Trustee or Fiscal Agent shall not be liable with
            respect to any action taken, suffered or omitted to be taken by it
            in good faith in accordance with the direction of Holders of
            Certificates entitled to at least 25% of the Voting Rights relating
            to the time, method and place of conducting any proceeding for any
            remedy available to the Trustee and Fiscal Agent, or exercising any
            trust or power conferred upon the Trustee or Fiscal Agent, under
            this Agreement (unless a higher percentage of Voting Rights is
            required for such action); and

                  (iv) Subject to the other provisions of this Agreement and
            without limiting the generality of this Section 8.01, the Trustee
            shall have no duty except in the capacity as successor Master
            Servicer or successor Special Servicer (A) to see to any recording,
            filing or depositing of this Agreement or any agreement referred to
            herein or any financing statement or continuation statement
            evidencing a security interest, or to see to the maintenance of any
            such recording or filing or depositing or to any re-recording,
            refiling or redepositing of any thereof, (B) to see to any
            insurance, and (C) to confirm or verify the contents of any reports
            or certificates of the Master Servicer or Special Servicer delivered
            to the Trustee pursuant to this Agreement reasonably believed by the
            Trustee to be genuine and to have been signed or presented by the
            proper party or parties.

            Section 8.02 Certain Matters Affecting the Trustee.

            Except as otherwise provided in Section 8.01:

                  (i) The Trustee and the Fiscal Agent may rely upon and shall
            be protected in acting or refraining from acting upon any
            resolution, Officer's Certificate, certificate of auditors or any
            other certificate, statement, instrument, opinion, report, notice,
            request, consent, order, Appraisal, bond or other paper or document
            reasonably believed by it to be genuine and to have been signed or
            presented by the proper party or parties;

                  (ii) The Trustee and the Fiscal Agent may consult with counsel
            and the written advice of such counsel or any Opinion of Counsel
            shall be full and complete authorization and protection in respect
            of any action taken or suffered or omitted by it hereunder in good
            faith and in accordance therewith;

                  (iii) The Trustee and Fiscal Agent shall be under no
            obligation to exercise any of the trusts or powers vested in it by
            this Agreement or to make any investigation of matters arising
            hereunder or to institute, conduct or defend any litigation
            hereunder or in relation hereto at the request, order or direction
            of any of the Certificateholders, pursuant to the provisions of this
            Agreement, unless, in the Trustee's or Fiscal Agent's reasonable
            opinion, such Certificateholders shall have offered to the Trustee
            or Fiscal Agent reasonable security or indemnity against the costs,
            expenses and liabilities which may be incurred therein or thereby;
            the Trustee and Fiscal Agent shall not be required to expend or risk
            its own funds or otherwise incur any financial liability in the
            performance of any of its duties hereunder, or in the exercise of
            any of its rights or powers, if it shall have reasonable grounds for
            believing that repayment of such funds or adequate indemnity against
            such risk or liability is not reasonably assured to it; nothing
            contained herein shall, however, relieve the Trustee and Fiscal
            Agent of the obligation, upon the occurrence of an Event of Default
            which has not been cured, to exercise such of the rights and powers
            vested in it by this Agreement, and to use the same degree of care
            and skill in their exercise as a prudent man would exercise or use
            under the circumstances in the conduct of his own affairs;

                  (iv) The Trustee and Fiscal Agent shall not be liable for any
            action reasonably taken, suffered or omitted by it in good faith and
            believed by it to be authorized or within the discretion or rights
            or powers conferred upon it by this Agreement;

                  (v) Prior to the occurrence of an Event of Default hereunder
            and after the curing of all Events of Default which may have
            occurred, the Trustee shall not be bound to make any investigation
            into the facts or matters stated in any resolution, certificate,
            statement, instrument, opinion, report, notice, request, consent,
            order, approval, bond or other paper or document, unless requested
            in writing to do so by Holders of Certificates entitled to at least
            50% of the Voting Rights; provided, however, that if the payment
            within a reasonable time to the Trustee of the costs, expenses or
            liabilities likely to be incurred by it in the making of such
            investigation is, in the opinion of the Trustee, not reasonably
            assured to the Trustee by the security afforded to it by the terms
            of this Agreement, the Trustee may require reasonable indemnity
            against such expense or liability as a condition to taking any such
            action. The reasonable expense of every such reasonable examination
            shall be paid by the Master Servicer or, if paid by the Trustee,
            shall be repaid by the Master Servicer upon demand;

                  (vi) The Trustee and the Fiscal Agent may execute any of the
            trusts or powers hereunder or perform any duties hereunder either
            directly or by or through agents or attorneys; provided, however,
            that the appointment of such agents or attorneys shall not relieve
            the Trustee and the Fiscal Agent of its duties or obligations
            hereunder;

                  (vii) For all purposes under this Agreement, the Trustee and
            the Fiscal Agent shall not be required to take any action with
            respect to, or be deemed to have notice or knowledge of any default
            or Event of Default unless a Responsible Officer of the Trustee or
            Fiscal Agent has actual knowledge thereof or shall have received
            written notice thereof. In the absence of receipt of such notice and
            such actual knowledge otherwise obtained, the Trustee and the Fiscal
            Agent may conclusively assume that there is no default or Event of
            Default;

                  (viii) The Trustee shall not be responsible for any act or
            omission of the Master Servicer, the Special Servicer or the
            Directing Certificateholder (unless the Trustee is acting as Master
            Servicer, Special Servicer or the Directing Certificateholder, as
            the case may be) or of the Depositor; and

                  (ix) The Trustee shall not be required to give any bond or
            surety in respect of the execution of the Trust Fund created hereby
            or the power granted hereunder.

            Section 8.03 Trustee Not Liable for Validity or Sufficiency of
Certificates or Loans.

            The recitals contained herein and in the Certificates, other than
the acknowledgments of the Trustee in Section 2.04, shall be taken as the
statements of the Depositor, the Master Servicer or the Special Servicer, as the
case may be, and the Trustee assumes no responsibility for their correctness.
The Trustee does not make any representations as to the validity or sufficiency
of this Agreement or of any Certificate or of any Loan or related document. The
Trustee shall not be accountable for the use or application by the Depositor of
any of the Certificates issued to it or of the proceeds of such Certificates, or
for the use or application of any funds paid to the Depositor in respect of the
assignment of the Loans to the Trust Fund, or any funds deposited in or
withdrawn from the Collection Account or any other account by or on behalf of
the Depositor, the Master Servicer, the Special Servicer or the Trustee. The
Trustee shall not be responsible for the accuracy or content of any resolution,
certificate, statement, opinion, report, document, order or other instrument
furnished by the Depositor, the Master Servicer or the Special Servicer, and
accepted by the Trustee, in good faith, pursuant to this Agreement.

            Section 8.04 Trustee and Fiscal Agent May Own Certificates.

            The Trustee and the Fiscal Agent in its individual capacity and not
as Trustee or Fiscal Agent, may become the owner or pledgee of Certificates, and
may deal with the Depositor, the Master Servicer, the Special Servicer, the
Initial Purchaser and the Underwriters in banking transactions, with the same
rights it would have if it were not Trustee or the Fiscal Agent.

            Section 8.05 Fees and Expenses of Trustee; Indemnification of
Trustee.

            (a) As compensation for the performance of its duties, the Trustee
shall be paid the Trustee Fee, equal to one month's interest at the Trustee Fee
Rate on the Stated Principal Balance of each Loan or REO Loan, which shall cover
recurring and otherwise reasonably anticipated expenses of the Trustee. The
Trustee Fee (which shall not be limited to any provision of law in regard to the
compensation of a trustee of an express trust) shall constitute the Trustee's
sole form of compensation for all services rendered by it in the execution of
the trusts hereby created and in the exercise and performance of any of the
powers and duties of the Trustee hereunder.

            (b) [Reserved].

            (c) The Trustee shall be paid or reimbursed by the Trust Fund upon
its request for all reasonable expenses and disbursements incurred by the
Trustee pursuant to and in accordance with any of the provisions of this
Agreement (including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in its employ) to
the extent such payments are "unanticipated expenses incurred by the REMIC"
within the meaning of Treasury Regulations Section 1.860G-1(b)(iii) except any
such expense, disbursement or advance as may arise from its negligence, bad
faith or willful misconduct; provided, however, that subject to Section
8.02(iii) and 8.14(b), respectively, the Trustee shall not refuse to perform any
of its duties hereunder solely as a result of the failure to be paid the Trustee
Fee or the Trustee's expenses.

            (d) The Trustee and any Affiliate, director, officer, employee or
agent of the Trustee shall be indemnified and held harmless by the Trust Fund
against any loss, liability or expense (including, without limitation, costs and
expenses of litigation, and of investigation, counsel fees, damages, judgments
and amounts paid in settlement, and expenses incurred in becoming successor
servicer, to the extent not otherwise paid hereunder) arising out of, or
incurred in connection with, this Agreement, the Loans, the Certificates or any
act or omission of the Trustee relating to the exercise and performance of any
of the powers and duties of the Trustee hereunder; provided, however, that
neither the Trustee nor any of the other above specified Persons shall be
entitled to indemnification pursuant to this Section 8.05(d) for (i) allocable
overhead, (ii) routine expenses or disbursements incurred or made by or on
behalf of the Trustee in the normal course of the Trustee's performing its
duties in accordance with any of the provisions hereof, which are not
"unanticipated expenses of the REMIC" within the meaning of Treasury Regulations
Section 1.860G-1(b)(3)(ii), (iii) any expense or liability specifically required
to be borne thereby pursuant to the terms hereof or (iv) any loss, liability or
expense incurred by reason of willful misfeasance, bad faith or negligence in
the performance of the Trustee's obligations and duties hereunder, or by reason
of negligent disregard of such obligations or duties, or as may arise from a
breach of any representation or warranty of the Trustee made herein. The
provisions of this Section 8.05(d) shall survive any resignation or removal of
the Trustee and appointment of a successor thereto. The foregoing indemnity
shall also apply to the Trustee in its capacity as Authenticating Agent, Paying
Agent and Certificate Registrar.

            Section 8.06 Eligibility Requirements for Trustee and the Fiscal
Agent.

            The Trustee hereunder shall at all times be, and will be required to
resign if it fails to be, (i) a corporation, national bank or national banking
association, organized and doing business under the laws of any state or the
United States of America, authorized under such laws to exercise corporate trust
powers and to accept the trust conferred under this Agreement, having a combined
capital and surplus of at least $50,000,000 and subject to supervision or
examination by federal or state authority and shall not be an Affiliate of the
Master Servicer or the Special Servicer (except during any period when the
Trustee is acting as, or has become successor to, the Master Servicer or the
Special Servicer, as the case may be, pursuant to Section 7.02), (ii) an
institution insured by the Federal Deposit Insurance Corporation and (iii) an
institution whose long-term senior unsecured debt is rated "AA-" or higher by
Fitch and S&P (or investment grade so long as a Fiscal Agent is appointed that
has a long-term unsecured rating that is at least equal to "AA-" by Fitch and
S&P), "Aa3" or higher by Moody's (or investment grade so long as a Fiscal Agent
is appointed that has a long-term unsecured rating that is at least equal to
"Aa3" by Moody's) (or such entity as would not, as evidenced in writing by such
Rating Agency, result in the qualification (as applicable), downgrading or
withdrawal of any of the then-current ratings then assigned thereby to the
Certificates).

            If such corporation, national bank or national banking association
publishes reports of condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section the combined capital and surplus of such corporation,
national bank or national banking association shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so
published. In the event the place of business from which the Trustee administers
the Trust REMICs is in a state or local jurisdiction that imposes a tax on the
Trust Fund on the net income of a REMIC (other than a tax corresponding to a tax
imposed under the REMIC Provisions), the Trustee shall elect either to (i)
resign immediately in the manner and with the effect specified in Section 8.07,
(ii) pay such tax at no expense to the Trust Fund or (iii) administer the Trust
REMICs from a state and local jurisdiction that does not impose such a tax.

            Section 8.07 Resignation and Removal of the Trustee and the Paying
Agent.

            (a) The Trustee or Fiscal Agent may at any time resign and be
discharged from the trusts hereby created by giving written notice thereof to
the Depositor, the Master Servicer, the Special Servicer and to all
Certificateholders. Upon receiving such notice of resignation, the Depositor
shall promptly appoint a successor trustee or fiscal agent, as applicable,
acceptable to the Master Servicer and the Rating Agencies (as evidenced in
writing by such Rating Agency that such appointment would not result in the
qualification (as applicable), downgrading or withdrawal of any of then-current
ratings then assigned thereby to the Certificates) by written instrument, in
duplicate, which instrument shall be delivered to the resigning Trustee or
Fiscal Agent, as applicable and to the successor trustee or successor fiscal
agent, as applicable. A copy of such instrument shall be delivered to the Master
Servicer, the Special Servicer and the Certificateholders by the Depositor. If
no successor trustee or fiscal agent shall have been so appointed and have
accepted appointment within 30 days after the giving of such notice of
resignation, the resigning Trustee or Fiscal Agent may petition any court of
competent jurisdiction for the appointment of a successor trustee or fiscal
agent. The resigning Trustee or Fiscal Agent shall be responsible for the
payment of all reasonable expenses incurred in connection with such resignation
and discharge and the appointment of a successor trustee

            (b) If at any time the Trustee or Fiscal Agent shall cease to be
eligible in accordance with the provisions of Section 8.06 or if the Depositor
has received notice from the Rating Agencies that failure to remove the Trustee
or Fiscal Agent will result in a downgrade or withdrawal of the then-current
rating assigned to any Class of Certificates, and shall fail to resign after
written request therefor by the Depositor or the Master Servicer, or if at any
time the Trustee or Fiscal Agent shall become incapable of acting, or shall be
adjudged bankrupt or insolvent, or a receiver of the Trustee or Fiscal Agent or
of its property shall be appointed, or any public officer shall take charge or
control of the Trustee or Fiscal Agent or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then the Depositor may
remove the Trustee or Fiscal Agent and appoint a successor trustee acceptable to
the Master Servicer and the Rating Agencies (as evidenced in writing by such
Rating Agency that such removal and appointment would not result in the
qualification (as applicable), downgrading or withdrawal of any of then-current
ratings then assigned thereby to the Certificates), by written instrument, in
duplicate, which instrument shall be delivered to the Trustee or Fiscal Agent so
removed and to the successor trustee or successor fiscal agent. A copy of such
instrument shall be delivered to the Master Servicer, the Special Servicer and
the Certificateholders by the Depositor.

            (c) The Holders of Certificates entitled to at least 51% of the
Voting Rights may at any time remove the Trustee or Fiscal Agent and appoint a
successor trustee by written instrument or instruments, in triplicate, signed by
such Holders or their attorneys-in-fact duly authorized, one complete set of
which instruments shall be delivered to the Master Servicer, one complete set to
the Trustee or Fiscal Agent, as the case may be, so removed and one complete set
to the successor so appointed. A copy of such instrument shall be delivered to
the Depositor, the Special Servicer and the remaining Certificateholders by the
Master Servicer. The Trustee and Fiscal Agent shall be reimbursed for all costs
and expenses incurred by it in connection with such removal within 30 days of
demand therefor from amounts on deposit in the Lower-Tier Distribution Account
(provided the Trustee or Fiscal Agent is removed without cause).

            Any resignation or removal of the Trustee or Fiscal Agent and
appointment of a successor Trustee or successor Fiscal Agent pursuant to any of
the provisions of this Section 8.07 shall not become effective until acceptance
of appointment by the successor Trustee or successor Fiscal Agent as provided in
Section 8.08.

            Any resignation or removal of the Trustee shall be a simultaneous
removal of the Fiscal Agent hereunder.

            Within 30 days following any succession of the Trustee or Fiscal
Agent under this Agreement, the predecessor Trustee or Fiscal Agent shall be
paid all accrued and unpaid compensation and reimbursement as provided for under
this Agreement for services rendered and expenses incurred. No Trustee or Fiscal
Agent shall be liable for any action or omission of any successor Trustee or
successor Fiscal Agent.

            Section 8.08 Successor Trustee or Fiscal Agent.

            (a) Any successor Trustee or successor Fiscal Agent appointed as
provided in Section 8.07 shall execute, acknowledge and deliver to the
Depositor, the Master Servicer, the Special Servicer and to its predecessor
Trustee or predecessor Fiscal Agent, an instrument accepting such appointment
hereunder, and thereupon the resignation or removal of the predecessor Trustee
or predecessor Fiscal Agent, shall become effective and such successor Trustee
or successor Fiscal Agent, without any further act, deed or conveyance, shall
become fully vested with all the rights, powers, duties and obligations of its
predecessor hereunder, with the like effect as if originally named as Trustee or
Fiscal Agent herein. The predecessor Trustee or shall deliver to the successor
trustee all Mortgage Files and related documents and statements held by it
hereunder, and the Depositor, the Master Servicer, the Special Servicer and the
predecessor Trustee shall execute and deliver such instruments and do such other
things as may reasonably be required to more fully and certainly vest and
confirm in the successor Trustee all such rights, powers, duties and
obligations, and to enable the successor Trustee to perform its obligations
hereunder.

            (b) No successor Trustee or successor Fiscal Agent shall accept
appointment as provided in this Section 8.08 unless at the time of such
acceptance such successor trustee or such successor fiscal agent shall be
eligible under the provisions of Section 8.06.

            (c) Upon acceptance of appointment by a successor Trustee or
successor Fiscal Agent as provided in this Section 8.08, the Master Servicer
shall mail notice of the succession of such Trustee or such Fiscal Agent
hereunder to the Depositor and the Certificateholders and to the holder of the
A-2 Note. If the Master Servicer fails to mail such notice within 10 days after
acceptance of appointment by the successor Trustee or successor Fiscal Agent,
such successor Trustee or successor Fiscal Agent shall cause such notice to be
mailed at the expense of the Master Servicer.

            Section 8.09 Merger or Consolidation of Trustee.

            Any Person into which the Trustee may be merged or converted or with
which it may be consolidated or any Person resulting from any merger, conversion
or consolidation to which the Trustee shall be a party, or any Person succeeding
to all or substantially all of the corporate trust business of the Trustee,
shall be the successor of the Trustee, hereunder; provided, that, in the case of
the Trustee, such successor Person shall be eligible under the provisions of
Section 8.06, 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.

            Section 8.10 Appointment of Co-Trustee or Separate Trustee.

            (a) Notwithstanding any other provisions hereof, at any time, for
the purpose of meeting any legal requirements of any jurisdiction in which any
part of the Trust Fund or property securing the same may at the time be located,
the Master Servicer and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more Persons
approved by the Trustee to act as co-trustee or co-trustees, jointly with the
Trustee, or separate trustee or separate trustees, of all or any part of the
Trust Fund, and to vest in such Person or Persons, in such capacity, such title
to the Trust Fund, or any part thereof, and, subject to the other provisions of
this Section 8.10, such powers, duties, obligations, rights and trusts as the
Master Servicer and the Trustee may consider necessary or desirable. If the
Master Servicer shall not have joined in such appointment within 15 days after
the receipt by it of a request to do so, or in case an Event of Default shall
have occurred and be continuing, the Trustee alone shall have the power to make
such appointment. No co-trustee or separate trustee hereunder shall be required
to meet the terms of eligibility as a successor trustee under Section 8.06
hereunder and no notice to Holders of Certificates of the appointment of
co-trustee(s) or separate trustee(s) shall be required under Section 8.08
hereof.

            (b) In the case of any appointment of a co-trustee or separate
trustee pursuant to this Section 8.10, all rights, powers, duties and
obligations conferred or imposed upon the Trustee shall be conferred or imposed
upon and exercised or performed by the Trustee and such separate trustee or
co-trustee jointly, except to the extent that under any law of any jurisdiction
in which any particular act or acts are to be performed (whether as Trustee
hereunder or as successor to the Master Servicer or the Special Servicer
hereunder), the Trustee shall be incompetent or unqualified to perform such act
or acts, in which event such rights, powers, duties and obligations (including
the holding of title to the Trust Fund or any portion thereof in any such
jurisdiction) shall be exercised and performed by such separate trustee or
co-trustee at the direction of the Trustee.

            (c) Any notice, request or other writing given to the Trustee shall
be deemed to have been given to each of the then-separate trustees and
co-trustees, as effectively as if given to each of them. Every instrument
appointing any separate trustee or co-trustee shall refer to this Agreement and
the conditions of this Article VIII. Each separate trustee and co-trustee, upon
its acceptance of the trusts conferred, shall be vested with the estates or
property specified in its instrument of appointment, either jointly with the
Trustee or separately, as may be provided therein, subject to all the provisions
of this Agreement, specifically including every provision of this Agreement
relating to the conduct of, affecting the liability of, or affording protection
to, the Trustee. Every such instrument shall be filed with the Trustee.

            (d) Any separate trustee or co-trustee may, at any time, constitute
the Trustee, its agent or attorney-in-fact, with full power and authority, to
the extent not prohibited by law, to do any lawful act under or in respect of
this Agreement on its behalf and in its name. If any separate trustee or
co-trustee shall die, become incapable of acting, resign or be removed, all of
its estates, properties, rights, remedies and trusts shall vest in and be
exercised by the Trustee, to the extent permitted by law, without the
appointment of a new or successor trustee.

            (e) The appointment of a co-trustee or separate trustee under this
Section 8.10 shall not relieve the Trustee of its duties and responsibilities
hereunder.

            Section 8.11 [Reserved].

            Section 8.12 Access to Certain Information.

            (a) On or prior to the date of the first sale of any Private
Certificate to an Independent third party, the Depositor shall provide to the
Trustee a copy of any private placement memorandum or other disclosure document
used by the Depositor or its Affiliate in connection with the offer and sale of
the Class of Certificates to which such Private Certificate relates. In
addition, if any such private placement memorandum or disclosure document is
revised, amended or supplemented at any time following the delivery thereof to
the Trustee, the Depositor promptly shall inform the Trustee of such event and
shall deliver to the Trustee a copy of the private placement memorandum or
disclosure document, as revised, amended or supplemented.

            The Trustee shall maintain at its offices primarily responsible for
administering the Trust Fund and shall, upon reasonable advance written notice,
make available during normal business hours for review by any Holder of a
Certificate, the Depositor, the Master Servicer, the Special Servicer, the
Directing Certificateholder, any Rating Agency, the Underwriters or any other
Person to whom the Trustee believes such disclosure is appropriate, originals or
copies of the following items to the extent such documents have been delivered
to the Trustee: (i) in the case of a Holder or prospective transferee of a
Private Certificate, any private placement memorandum or other disclosure
document relating to the Class of Certificates to which such Private Certificate
belongs, in the form most recently provided to the Trustee and (ii) in all
cases, (A) this Agreement and any amendments hereto entered into pursuant to
Section 10.01, (B) all statements required to be delivered to Certificateholders
of the relevant Class pursuant to Section 4.02 since the Closing Date, (C) all
Officer's Certificates delivered to the Trustee since the Closing Date pursuant
to Section 3.13, (D) all accountants' reports delivered to the Trustee since the
Closing Date pursuant to Section 3.14, (E) any and all notices, reports and
Environmental Assessments delivered to the Trustee with respect to any Mortgaged
Property securing a Defaulted Loan as to which the environmental testing
contemplated by Section 3.09(c) revealed that either of the conditions set forth
in clauses (i) and (ii) of the first sentence thereof was not satisfied (but
only for so long as such Mortgaged Property or the related Loan are part of the
Trust Fund), (F) any and all modifications, waivers and amendments of the terms
of a Loan entered into by the Master Servicer or the Special Servicer and
delivered to the Trustee pursuant to Section 3.20 (but only for so long as the
affected Loan is part of the Trust Fund), (G) any and all Officer's Certificates
delivered to the Trustee to support the Master Servicer's determination that any
P&I Advance or Servicing Advance was or, if made, would be a Nonrecoverable P&I
Advance or Nonrecoverable Servicing Advance, as the case may be, (H) any and all
of the Loan Documents contained in the Mortgage File, (I) any and all Appraisals
obtained pursuant to the definition of "Appraisal Reduction" herein, (J)
information provided to the Trustee regarding the occurrence of Servicing
Transfer Events as to the Loans and (K) any and all Sub-Servicing Agreements
provided to the Trustee and any amendments thereto and modifications thereof.

            Copies of any and all of the foregoing items will be available from
the Trustee upon written request; provided, however, that the Trustee shall be
permitted to require payment of a sum sufficient to cover the reasonable costs
and expenses of providing such copies, except in the case of copies provided to
the Rating Agencies, which shall be free of charge. In addition, without
limiting the generality of the foregoing, any Requesting Subordinate
Certificateholder may upon written request from the Trustee obtain a copy of any
report delivered to the Rating Agencies under this Agreement.

            (b) Notwithstanding anything to the contrary herein, in addition to
the reports and information made available and distributed pursuant to the terms
of this Agreement (including the information set forth in Section 8.12(a)), the
Master Servicer and the Trustee shall, in accordance with such reasonable rules
and procedures as each may adopt (which may include the requirement that an
agreement that provides that such information shall be kept confidential and
used solely for purposes of evaluating the investment characteristics of the
Certificates be executed), also make the reports available to Certificateholders
pursuant to Section 4.02, as well as certain additional information received by
the Master Servicer or the Trustee, as the case may be, to any
Certificateholder, the Underwriters, the Initial Purchasers, any Certificate
Owner or any prospective investor identified as such by a Certificate Owner or
the Underwriters or Initial Purchasers, that requests such reports or
information; provided that the Master Servicer or the Trustee, as the case may
be, shall be permitted to require payment of a sum sufficient to cover the
reasonable costs and expenses of providing copies of such reports or
information.

            (c) With respect to any information furnished by the Trustee or the
Master Servicer pursuant to this Section 8.12, the Trustee or Master Servicer,
as the case may be, shall be entitled to indicate the source of such information
and the Trustee or Master Servicer, as applicable, may affix thereto any
disclaimer it deems appropriate in its discretion. The Trustee or the Master
Servicer, as applicable, shall notify Certificateholders of the availability of
any such information in any manner as it, in its sole discretion, may determine.
In connection with providing access to or copies of the items described in this
Section 8.12, the Trustee or the Master Servicer, as the case may be, may
require (a) in the case of Certificate Owners, a confirmation executed by the
requesting Person substantially in form and substance reasonably acceptable to
the Master Servicer or Trustee, as applicable, generally to the effect that such
Person is a beneficial holder of Certificates or an investment advisor
representing such Person and is requesting the information solely for use in
evaluating such Person's investment in the Certificates and will otherwise keep
such information confidential and (b) in the case of a prospective purchaser or
an investment advisor representing such Person, confirmation executed by the
requesting Person in form and substance reasonably acceptable to the Trustee or
the Master Servicer, as the case may be, generally to the effect that such
Person is a prospective purchaser of a Certificate or an interest therein or an
investment advisor representing such Person, and is requesting the information
solely for use in evaluating a possible investment in Certificates and will
otherwise keep such information confidential. Neither the Master Servicer nor
the Trustee shall be liable for the dissemination of information in accordance
with this Agreement.

            Section 8.13 Representations, Warranties and Covenants of the
Trustee and Fiscal Agent.

            (a) The Trustee hereby represents and warrants to the Depositor, the
Master Servicer and the Special Servicer and for the benefit of the
Certificateholders, as of the Closing Date, that:

                  (i) The Trustee is a national banking association, duly
            organized, validly existing and in good standing under the laws of
            the United States;

                  (ii) The execution and delivery of this Agreement by the
            Trustee, and the performance and compliance with the terms of this
            Agreement by the Trustee, will not violate the Trustee's
            organizational documents or constitute a default (or an event which,
            with notice or lapse of time, or both, would constitute a default)
            under, or result in the breach of, any material agreement or other
            instrument to which it is a party or which is applicable to it or
            any of its assets;

                  (iii) The Trustee has the full power and authority to enter
            into and consummate all transactions contemplated by this Agreement,
            has duly authorized the execution, delivery and performance of this
            Agreement, and has duly executed and delivered this Agreement;

                  (iv) This Agreement, assuming due authorization, execution and
            delivery by each of the other parties hereto, constitutes a valid,
            legal and binding obligation of the Trustee, enforceable against the
            Trustee in accordance with the terms hereof, subject to (a)
            applicable bankruptcy, insolvency, reorganization, moratorium and
            other laws affecting the enforcement of creditors' rights generally
            and the rights of creditors of banks specifically and (b) general
            principles of equity, regardless of whether such enforcement is
            considered in a proceeding in equity or at law;

                  (v) The Trustee is not in violation of, and its execution and
            delivery of this Agreement and its performance and compliance with
            the terms of this Agreement will not constitute a violation of, any
            law, any order or decree of any court or arbiter, or any order,
            regulation or demand of any federal, state or local governmental or
            regulatory authority, which violation, in the Trustee's good faith
            and reasonable judgment, is likely to affect materially and
            adversely the ability of the Trustee to perform its obligations
            under this Agreement;

                  (vi) No litigation is pending or, to the best of the Trustee's
            knowledge, threatened against the Trustee which would prohibit the
            Trustee from entering into this Agreement or, in the Trustee's good
            faith and reasonable judgment, is likely to materially and adversely
            affect the ability of the Trustee to perform its obligations under
            this Agreement; and

                  (vii) No consent, approval, authorization or order of any
            court or governmental agency or body is required for the execution,
            delivery and performance by the Trustee, or compliance by the
            Trustee with, this Agreement or the consummation of the transactions
            contemplated by this Agreement, except for any consent, approval,
            authorization or order which has not been obtained or cannot be
            obtained prior to the actual performance by the Trustee of its
            obligations under this Agreement, and which, if not obtained would
            not have a materially adverse effect on the ability of the Trustee
            to perform its obligations hereunder.

            (b) The Fiscal Agent hereby represents and warrants to the
Depositor, the Master Servicer and the Special Servicer and for the benefit of
the Certificateholders, as of the Closing Date, that:

                  (i) the Fiscal Agent is a foreign banking corporation duly
            organized, validly existing and in good standing under the laws
            governing its creation and existence and has full corporate power
            and authority to own its property, to carry on its business as
            presently conducted, and to enter into and perform its obligations
            under this Agreement;

                  (ii) the execution and delivery by the Fiscal Agent of this
            Agreement have been duly authorized by all necessary corporate
            action on the part of the Fiscal Agent; neither the execution and
            delivery of this Agreement, nor the consummation of the transactions
            contemplated in this Agreement, nor compliance with the provisions
            of this Agreement, will conflict with or result in a breach of, or
            constitute a default under, (i) any of the provisions of any law,
            governmental rule, regulation, judgment, decree or order binding on
            the Fiscal Agent or its properties that would materially and
            adversely affect the Fiscal Agent's ability to perform its
            obligations under this Agreement, (ii) the organizational documents
            of the Fiscal Agent, or (iii) the terms of any material agreement or
            instrument to which the Fiscal Agent is a party or by which it is
            bound; the Fiscal Agent is not in default with respect to any order
            or decree of any court or any order, regulation or demand of any
            federal, state, municipal or other governmental agency, which
            default would materially and adversely affect its performance under
            this Agreement;

                  (iii) the execution, delivery and performance by the Fiscal
            Agent of this Agreement and the consummation of the transactions
            contemplated by this Agreement do not require the consent, approval,
            authorization or order of, the giving of notice to, or the
            registration with, any state, federal or other governmental
            authority or agency, except such as has been obtained, given,
            effected or taken prior to the date hereof;

                  (iv) this Agreement has been duly executed and delivered by
            the Fiscal Agent and, assuming due authorization, execution and
            delivery by the other parties hereto, constitutes a valid and
            binding obligation of the Fiscal Agent, enforceable against the
            Fiscal Agent in accordance with its terms, subject, as to
            enforcement of remedies, to applicable bankruptcy, reorganization,
            insolvency, moratorium and other similar laws affecting creditors'
            rights generally as from time to time in effect, and to general
            principles of equity (regardless of whether such enforceability is
            considered in a proceeding in equity or at law); and

                  (v) no litigation is pending or, to the Fiscal Agent's
            knowledge, threatened, against the Fiscal Agent that, either in any
            one instance or in the aggregate, would draw into question the
            validity of this Agreement, or which would be likely to impair
            materially the ability of the Fiscal Agent to perform under the
            terms of this Agreement.

<PAGE>

                                   ARTICLE IX

                                  TERMINATION

            Section 9.01 Termination Upon Repurchase or Liquidation of All
Loans.

            (a) Subject to Section 9.02, the Trust Fund and the respective
obligations and responsibilities under this Agreement of the Depositor, the
Master Servicer, the Special Servicer, the Fiscal Agent and the Trustee (other
than the obligations of the Trustee to provide for and make payments to
Certificateholders as hereafter set forth) shall terminate upon payment (or
provision for payment) to the Certificateholders of all amounts held by or on
behalf of the Trustee and required hereunder to be so paid on the Distribution
Date following the earliest to occur of (i) the purchase by the Holders of a
majority of the Percentage Interests of the Controlling Class, the Special
Servicer or the Master Servicer of all the Loans and each REO Property remaining
in the Trust Fund at a price equal to (a) the sum of (1) the aggregate Purchase
Price of all the Loans (exclusive of REO Loans) included in the Trust Fund and
(2) the Appraised Value of each REO Property, if any, included in the Trust Fund
(such Appraisals in this subclause (2) to be conducted by an Appraiser selected
and mutually agreed upon by the Master Servicer and the Trustee, and approved by
more than 50% of the Voting Rights of the Classes of Certificates then
outstanding (other than the Controlling Class if the Controlling Class is
exercising such option unless the Controlling Class is the only Class of
Certificates then outstanding)), minus (b) solely in the case where the Master
Servicer is effecting such purchase, the aggregate amount of unreimbursed
Advances, together with any interest accrued and payable to the Master Servicer
in respect of such Advances in accordance with Sections 3.03(d) and 4.03(d) and
any unpaid Master Servicing Fees (including Excess Servicing Strip), and Primary
Servicing Fees, remaining outstanding (which items shall be deemed to have been
paid or reimbursed to the Master Servicer in connection with such purchase),
(ii) the exchange by the Sole Certificateholder pursuant to the terms of
subsection (c), (iii) the Distribution Date in December 2035 and (iv) the final
payment or other liquidation (or any advance with respect thereto) of the last
Loan or REO Property remaining in the Trust Fund; provided, however, that in no
event shall the trust created hereby continue beyond the earlier of (i) the
Rated Final Distribution Date and (ii) expiration of 21 years from the death of
the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the Court of St. James's, living on the date hereof.

            (b) The Holders of a majority of the Percentage Interests of the
Controlling Class may, at their option, elect to purchase all of the Loans and
each REO Property remaining in the Trust Fund as contemplated by clause (i) of
the preceding paragraph by giving written notice to the Trustee and the other
parties hereto within 60 days of the first Distribution Date on which the
aggregate Stated Principal Balances of the Loans and any REO Loans remaining in
the Trust Fund is less than 1.00% of the aggregate Cut-off Date Principal
Balance of the Loans set forth in the Preliminary Statement. If the Holders of a
majority of the Percentage Interests of the Controlling Class do not exercise
such option within 60 days after it becomes exercisable by the Holders of a
majority of the Percentage Interests of the Controlling Class, the Special
Servicer may notify the Holders of a majority of the Percentage Interests in the
Controlling Class and the Trustee of its intention to exercise such option and
if the Holders of a majority of the Percentage Interests of the Controlling
Class do not exercise such option within ten Business Days thereafter, the
Special Servicer shall be entitled to exercise such option. If the Special
Servicer does not exercise such option within 60 days after it becomes
exercisable by it, the Master Servicer may notify the Special Servicer, the
Holders of the Controlling Class and the Trustee of the Master Servicer's
intention to exercise such option, and if none of the Special Servicer or the
Holders of a majority of the Percentage Interests in the Controlling Class
exercise such option within ten Business Days thereafter, the Master Servicer
will be entitled to exercise such option.

            If the Holders of the Controlling Class, the Special Servicer or the
Master Servicer purchases all of the Loans and each REO Property remaining in
the Trust Fund in accordance with the preceding paragraph, the Holders of the
Controlling Class, the Special Servicer or the Master Servicer, as applicable,
shall remit to the Trustee for deposit in the Lower-Tier Distribution Account
not later than the P&I Advance Date relating to the Distribution Date on which
the final distribution on the Certificates is to occur, an amount in immediately
available funds equal to the above-described purchase price (exclusive of (i)
any portion thereof payable to any Person other than the Certificateholders
pursuant to Section 3.05(a), which portion shall be deposited in the Collection
Account and (ii) any portion thereof representing accrued and unpaid Excess
Interest, which shall be deposited in the Excess Interest Distribution Account).
In addition, the Master Servicer shall transfer to the Lower-Tier Distribution
Account all amounts required to be transferred thereto on such P&I Advance Date
from the Collection Account pursuant to the first paragraph of Section 3.04(b),
together with any other amounts on deposit in the Collection Account that would
otherwise be held for future distribution. Upon confirmation that such final
deposits have been made, the Trustee shall release or cause to be released to
the Holders of the Controlling Class, the Special Servicer or the Master
Servicer, as applicable, the Mortgage Files for the remaining Loans, and the
Trustee shall execute all assignments, endorsements and other instruments
furnished to it by the Holders of the Controlling Class, the Special Servicer or
the Master Servicer, as applicable, as shall be necessary to effectuate transfer
of the Loans and REO Properties remaining in the Trust Fund and its rights under
the related Mortgage Loan Purchase Agreement.

            (c) Following the date on which the aggregate Certificate Balance of
the Offered Certificates, Class F Certificates, Class G Certificates and Class H
Certificates is reduced to zero, the Sole Certificateholder shall have the right
to exchange all of its Certificates (other than the Class V and Residual
Certificates) for all of the Loans and each REO Property remaining in the Trust
Fund as contemplated by clause (ii) of Section 9.01(a) by giving written notice
to all the parties hereto no later than 60 days prior to the anticipated date of
exchange. In the event that the Sole Certificateholder elects to exchange all of
its Certificates (other than the Class V and Residual Certificates) for all of
the Loans and each REO Property remaining in the Trust in accordance with the
preceding sentence, such Sole Certificateholder, not later than the Distribution
Date on which the final distribution on the Certificates is to occur, shall
deposit in the Collection Account an amount in immediately available funds equal
to all amounts due and owing to the Depositor, the Master Servicer, the Special
Servicer, the Trustee and the Fiscal Agent hereunder through the date of the
liquidation of the Trust Fund that may be withdrawn from the Collection Account,
or an escrow account acceptable to the respective parties hereto, pursuant to
Section 3.05(a) or that may be withdrawn from the Distribution Accounts pursuant
to Section 3.05(a), but only to the extent that such amounts are not already on
deposit in the Collection Account. In addition, the Master Servicer shall
transfer all amounts required to be transferred to the Lower-Tier Distribution
Account on such P&I Advance Date from the Collection Account pursuant to Section
3.04(b). Upon confirmation that such final deposits have been made and following
the surrender of all its Certificates (other than the Class V and Residual
Certificates) on the Final Distribution Date, the Trustee shall, upon receipt of
a Request for Release from the Master Servicer, release or cause to be released
to the Sole Certificateholder or any designee thereof, the Mortgage Files for
the remaining Loans and shall execute all assignments, endorsements and other
instruments furnished to it by the Sole Certificateholder as shall be necessary
to effectuate transfer of the Loans and REO Properties remaining in the Trust
Fund, and the Trust Fund shall be liquidated in accordance with Section 9.02.
For federal income tax purposes, the Sole Certificateholder shall be deemed to
have purchased the assets of the Lower-Tier REMIC for an amount equal to the
remaining Certificate Balance of its Certificates (other than the Class V and
Residual Certificates), plus accrued, unpaid interest with respect thereto, and
the Trustee shall credit such amount against amounts distributable in respect of
such Certificates. The remaining Loans and REO Properties are deemed distributed
to the Sole Certificateholder in liquidation of the Trust Fund pursuant to
Section 9.02.

            For purposes of this Section 9.01, the Directing Certificateholder,
with the consent of the Holders of the Controlling Class, shall act on behalf of
the Holders of the Controlling Class in purchasing the assets of the Trust Fund
and terminating the Trust.

            (d) Notice of any termination pursuant to this Section 9.01 shall be
given promptly by the Trustee by letter to the Certificateholders and each
Rating Agency and, if not previously notified pursuant to this Section 9.01, to
the other parties hereto mailed (a) in the event such notice is given in
connection with the purchase of all of the Loans and each REO Property remaining
in the Trust Fund, not earlier than the 15th day and not later than the 25th day
of the month next preceding the month of the final distribution on the
Certificates, or (b) otherwise during the month of such final distribution on or
before the P&I Advance Determination Date in such month, in each case specifying
(i) the Distribution Date upon which the Trust Fund will terminate and final
payment of the Certificates will be made, (ii) the amount of any such final
payment and (iii) that the Record Date otherwise applicable to such Distribution
Date is not applicable, payments being made only upon presentation and surrender
of the Certificates at the offices of the Trustee or such other location therein
designated.

            (e) After transferring the Available Distribution Amount and,
without duplication, the amount of any Yield Maintenance Charges distributable
from the Lower-Tier Distribution Account to the Upper-Tier Distribution Account
pursuant to Section 3.04(b) and upon presentation and surrender of the
Certificates by the Certificateholders on the final Distribution Date, the
Trustee shall distribute to each Certificateholder so presenting and
surrendering its Certificates such Certificateholder's Percentage Interest of
that portion of the amounts then on deposit in the Upper-Tier Distribution
Account that are allocable to payments on the Class of Certificates so presented
and surrendered. Amounts transferred from the Lower-Tier Distribution Account to
the Upper-Tier Distribution Account as of the final Distribution Date shall be
allocated for the purposes, in the amounts and in accordance with the priority
set forth in Sections 4.01(a) and 4.01(c) and shall be distributed in
termination and liquidation of the Uncertificated Lower-Tier Interests in
accordance with Section 4.01(b) and Section 4.01(d). Any funds not distributed
on such Distribution Date shall be set aside and held uninvested in trust for
the benefit of Certificateholders not presenting and surrendering their
Certificates in the aforesaid manner and shall be disposed of in accordance with
this Section 9.01 and Section 4.01(g).

            Anything in this Section 9.01 to the contrary notwithstanding, the
Holders of the Class V Certificates shall receive that portion, if any, of the
proceeds of a sale of the assets of the Trust Fund allocable to accrued and
unpaid Excess Interest.

            Section 9.02 Additional Termination Requirements.

            If the Holders of the Controlling Class, the Special Servicer or the
Master Servicer purchases all of the Loans and each REO Property remaining in
the Trust Fund or the Sole Certificateholder causes the distribution of all the
property of the Trust Fund as provided in Section 9.01, the Trust Fund shall be
terminated in accordance with the following additional requirements, which meet
the definition of a "qualified liquidation" of each Trust REMIC, within the
meaning of Section 860F(a)(4) of the Code:

                  (i) the Trustee shall specify the first day in the 90-day
            liquidation period in a statement attached to each of the Trust
            REMIC's final Tax Returns pursuant to Treasury Regulations Section
            1.860F-1;

                  (ii) within such 90-day liquidation period and at or prior to
            the time of the making of the final payment on the Certificates, the
            Trustee shall sell all of the assets of the Lower-Tier REMIC, which
            shall be liquidated to the Holders of the Controlling Class, the
            Special Servicer or the Master Servicer, as the case may be, for
            cash or distribute all of the assets of the Sole Certificateholder
            on the designated exchange date in exchange for its Certificates;
            and

                  (iii) immediately following the making of the final payment on
            the Uncertificated Lower-Tier Interests and the Regular
            Certificates, the Trustee shall distribute or credit, or cause to be
            distributed or credited, all cash on hand in the Trust Fund (other
            than cash retained to meet claims) to the Holders of the Class LR
            Certificates (in the case of the Lower-Tier REMIC) any amounts
            remaining in the Lower-Tier REMIC, and to the Holders of the Class R
            Certificates (in the case of the Upper-Tier REMIC) any amounts
            remaining in the Upper-Tier REMIC, and each Trust REMIC shall
            terminate at that time.

<PAGE>

                                    ARTICLE X

                            MISCELLANEOUS PROVISIONS

            Section 10.01 Amendment.

            (a) This Agreement may be amended from time to time by the parties
hereto, without the consent of any of the Certificateholders:

                  (i) to cure any ambiguity;

                  (ii) to correct or supplement any provisions herein or
            therein, which may be inconsistent with any other provisions herein
            or therein or to correct any error;

                  (iii) to modify, eliminate or add to any of its provisions to
            such extent as shall be necessary to maintain the qualification of
            any Trust REMIC as a REMIC at all times that any Certificate (other
            than the Class V Certificates) is outstanding or to avoid or
            minimize the risk of the imposition of any tax on the Trust Fund or
            any Trust REMIC pursuant to the Code that would be a claim against
            the Trust Fund or any Trust REMIC, provided that the Trustee has
            received an Opinion of Counsel to the effect that (a) such action is
            necessary or desirable to maintain such qualification or to avoid or
            minimize the risk of the imposition of any such tax, (b) such action
            will not adversely affect in any material respect the interests of
            any Certificateholder, and (c) such change shall not result in the
            withdrawal, downgrade or qualification of the then-current rating
            assigned to any Class of Certificates, as evidenced by a letter from
            each Rating Agency to such effect;

                  (iv) to change the timing and/or nature of deposits into the
            Collection Account, the Distribution Account or REO Account or to
            change the name in which the Collection Account is maintained,
            provided that (a) the P&I Advance Date shall in no event be later
            than one day prior to the related Distribution Date, (b) such change
            shall not, as evidenced by an Opinion of Counsel addressed to the
            Trustee, adversely affect in any material respect the interests of
            any Certificateholder and (c) such change shall not result in the
            withdrawal, downgrade or qualification of the then-current rating
            assigned to any Class of Certificates, as evidenced by a letter from
            each Rating Agency to such effect;

                  (v) to modify, eliminate or add to the provisions of Section
            5.02(d) or any other provision hereof restricting transfer of the
            Residual Certificates by virtue of their being the REMIC "residual
            interests," provided that (a) such change shall not result in the
            withdrawal, downgrade or qualification of the then-current rating
            assigned to any Class of Certificates, as evidenced by a letter from
            each Rating Agency to such effect, and (b) such change shall not, as
            evidenced by an Opinion of Counsel addressed to the Trustee (at the
            expense of the requesting party), cause the Trust Fund or any Trust
            REMIC or any of the Certificateholders (other than the Transferor)
            to be subject to a federal tax caused by a Transfer to a Person that
            is a Disqualified Organization or a Non-U.S. Person or a Transfer
            from a Person other than a U.S. Person;

                  (vi) to make any other provisions with respect to matters or
            questions arising under this Agreement which shall not be materially
            inconsistent with the provisions of this Agreement, provided that
            such action shall not, as evidenced by an Opinion of Counsel
            addressed to the Trustee, adversely affect in any material respect
            the interests of any Certificateholder not consenting thereto; and

                  (vii) to amend or supplement any provision hereof to the
            extent necessary to maintain the then-current rating or ratings
            assigned to each Class of Certificates by each Rating Agency as
            confirmed in writing.

            (b) This Agreement may also be amended from time to time by the
parties hereto with the consent of the Holders of Certificates evidencing in the
aggregate not less than 66 2/3% of the Percentage Interests of each Class of
Certificates affected thereby for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Agreement or
of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

                  (i) reduce in any manner the amount of, or delay the timing
            of, payments which are required to be distributed on any Certificate
            without the consent of the Holder of such Certificate; or

                  (ii) reduce the aforesaid percentage of Certificates of any
            Class the Holders of which are required to consent to any such
            amendment, in any such case without the consent of the Holders of
            all Certificates of such Class then outstanding; or

                  (iii) adversely affect the Voting Rights of any Class of
            Certificates without the consent of the Holders of all Certificates
            of such Class then outstanding; or

                  (iv) amend this Section 10.01.

            No amendment of this Agreement may alter the definition of Servicing
Standard in a manner that would materially adversely affect Certificateholders
without written confirmation from each Rating Agency that such amendment will
not result in the withdrawal, downgrade or qualification of the ratings assigned
to the Certificates by such Rating Agencies.

            (c) Notwithstanding the foregoing, the Trustee will not be entitled
to consent to any amendment hereto without having first received an Opinion of
Counsel to the effect that such amendment or the exercise of any power granted
to the Master Servicer, the Depositor, the Special Servicer, the Trustee or any
other specified person in accordance with such amendment will not result in the
imposition of a tax on the Trust Fund or any Trust REMIC or cause any Trust
REMIC to fail to qualify as a REMIC or the remaining portion of the Trust Fund
to fail to quality as a grantor trust.

            (d) Promptly after the execution of any such amendment, the Trustee
shall furnish a copy of such amendment to each Rating Agency and each
Certificateholder.

            (e) It shall not be necessary for the consent of Certificateholders
under this Section 10.01 to approve the particular form of any proposed
amendment, but it shall be sufficient if such consent shall approve the
substance thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders shall be subject to
such reasonable regulations as the Trustee may prescribe.

            (f) The Trustee may, but shall not be obligated to, enter into any
amendment pursuant to this Section that affects its rights, duties and
immunities under this Agreement or otherwise.

            (g) The cost of any Opinion of Counsel to be delivered pursuant to
Section 10.01(a), (b) or (c) shall be borne by the Person seeking the related
amendment, except that if the Master Servicer or the Trustee requests any
amendment of this Agreement in furtherance of the rights and interests of
Certificateholders, the cost of any Opinion of Counsel required in connection
therewith pursuant to Section 10.01(a), (b) or (c) shall be payable out of the
Collection Account.

            (h) Notwithstanding anything to the contrary contained in this
Section 10.01, the parties hereto agree that this Agreement may not be amended
in any manner that is reasonably likely to have a material adverse effect on the
holder of the B Note without first obtaining the written consent of the holder
of the B Note, which consent shall be deemed granted if not denied within 10
Business Days of the receipt by such holder of the proposed amendment. The
Master Servicer may obtain, and may rely upon, an Opinion of Counsel to the
effect that such action will not adversely affect in any material respect the
interests of the holder of the B Note.

            (i) Notwithstanding anything to the contrary contained in this
Section 10.01, the parties hereto agree that this Agreement may not be amended
in any manner that is reasonably likely to have a material adverse effect on the
holder of the Companion Loan without first obtaining the written consent of the
holder of the Companion Loan, which consent shall be deemed granted if not
denied within 10 Business Days of the receipt by such holder of the proposed
amendment. The Master Servicer may obtain, and may rely upon, an Opinion of
Counsel to the effect that such action will not adversely affect in any material
respect the interests of the holder of the Companion Loan.

            Section 10.02 Recordation of Agreement; Counterparts.

            (a) To the extent permitted by applicable law, this Agreement is
subject to recordation in all appropriate public offices for real property
records in all the counties or other comparable jurisdictions in which any or
all of the properties subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such recordation to be
effected by the Master Servicer at the expense of the Depositor on direction by
the Trustee, but only upon direction accompanied by an Opinion of Counsel (the
cost of which shall be paid by the Depositor) to the effect that such
recordation materially and beneficially affects the interests of the
Certificateholders.

            (b) For the purpose of facilitating the recordation of this
Agreement as herein provided and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such counterparts shall
constitute but one and the same instrument.

            Section 10.03 Limitation on Rights of Certificateholders.

            (a) The death or incapacity of any Certificateholder shall not
operate to terminate this Agreement or the Trust Fund, nor entitle such
Certificateholder's legal representatives or heirs to claim an accounting or to
take any action or proceeding in any court for a partition or winding up of the
Trust Fund, nor otherwise affect the rights, obligations and liabilities of the
parties hereto or any of them.

            (b) No Certificateholder shall have any right to vote (except as
expressly provided for herein) or in any manner otherwise control the operation
and management of the Trust Fund, or the obligations of the parties hereto, nor
shall anything herein set forth, or contained in the terms of the Certificates,
be construed so as to constitute the Certificateholders from time to time as
partners or members of an association; nor shall any Certificateholder be under
any liability to any third party by reason of any action taken by the parties to
this Agreement pursuant to any provision hereof.

            (c) No Certificateholder shall have any right by virtue of any
provision of this Agreement to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Agreement or any Loan,
unless, with respect to any suit, action or proceeding upon or under or with
respect to this Agreement, such Holder previously shall have given to the
Trustee a written notice of default hereunder, and of the continuance thereof,
as hereinbefore provided, and unless also (except in the case of a default by
the Trustee) the Holders of Certificates of any Class evidencing not less than
25% of the related Percentage Interests in such Class shall have made written
request upon the Trustee to institute such action, suit or proceeding in its own
name as Trustee hereunder and shall have offered to the Trustee such reasonable
indemnity as it may require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after its receipt of
such notice, request and offer of indemnity, shall have neglected or refused to
institute any such action, suit or proceeding. The Trustee shall be under no
obligation to exercise any of the trusts or powers vested in it hereunder or to
institute, conduct or defend any litigation hereunder or in relation hereto at
the request, order or direction of any of the Holders of Certificates unless
such Holders have offered to the Trustee reasonable security against the costs,
expenses and liabilities which may be incurred therein or hereby.

            It is understood and intended, and expressly covenanted by each
Certificateholder with every other Certificateholder and the Trustee, that no
one or more Holders of Certificates shall have any right in any manner
whatsoever by virtue of any provision of this Agreement to affect, disturb or
prejudice the rights of the Holders of any other of such Certificates, or to
obtain or seek to obtain priority over or preference to any other such Holder,
which priority or preference is not otherwise provided for herein, or to enforce
any right under this Agreement, except in the manner herein provided and for the
equal, ratable and common benefit of all Certificateholders. For the protection
and enforcement of the provisions of this Section 10.03(c), each and every
Certificateholder and the Trustee shall be entitled to such relief as can be
given either at law or in equity.

            Section 10.04 Governing Law.

            This Agreement and the Certificates shall be construed in accordance
with the internal laws of the State of New York applicable to agreements made
and to be performed in said State, and the obligations, rights and remedies of
the parties hereunder shall be determined in accordance with such laws.

            Section 10.05 Notices.

            Any communications provided for or permitted hereunder shall be in
writing and, unless otherwise expressly provided herein, shall be deemed to have
been duly given if personally delivered at or mailed by registered mail, postage
prepaid (except for notices to the Trustee which shall be deemed to have been
duly given only when received), to: (i) (a) in the case of the Depositor, Credit
Suisse First Boston Mortgage Securities Corp., Eleven Madison Avenue, New York,
New York 10010, Attention: Edmund Taylor, with a copy to Pamela McCormack, Esq.,
Compliance Department, telecopy number: (212) 325-8282; (ii) in the case of the
Underwriters and the Initial Purchasers, (a) Credit Suisse First Boston
Corporation, Eleven Madison Avenue, New York, New York 10010, Attention: Edmund
Taylor, with a copy to Pamela McCormack, Esq., Compliance Department, telecopy
number: (212) 325-8282 and (b) if sent to PNC Capital Markets, Inc., shall be
mailed, delivered or telecopied to it at One PNC Plaza, 249 Fifth Avenue,
Pittsburgh, Pennsylvania 15222 Attention: Craig Grenci, Telecopy No.: (412)
762-9124, with a copy to Leonard Ferleger, telecopy number: (412) 705-2148;
(iii) in the case of the Master Servicer, Midland Loan Services, Inc., 10851
Mastin, Suite 300, Overland Park, Kansas 66210 (for deliveries), and P.O. Box
25965, Shawnee Mission, Kansas 66225-5965, (for communications by United States
mail) Attention: President, telecopy number: (913) 253-9001; (iv) in the case of
the Special Servicer, Clarion Partners, LLC, 335 Madison Avenue, New York, New
York 10017, Attention: Michael O'Brien, telecopy number (212) 883-2700; (v) in
the case of the Trustee, Certificate Registrar, Paying Agent and Fiscal Agent,
LaSalle Bank National Association, 135 South LaSalle Street, Suite 1625,
Chicago, IL 60603, Attention: Asset Backed Securities Trust Services Group -
Credit Suisse First Boston Series 2002-CP3, telecopy number: 312-904-2084; (vi)
in the case of the Rating Agencies, (a) Moody's Investors Service Inc., 99
Church Street, New York, New York 10007, Attention: Commercial MBS Monitoring
Department, telecopy number: (212) 553-0300; and (b) Fitch Inc., One State
Street Plaza, 31st Floor, New York, NY, Attention: Commercial Mortgage
Surveillance, telecopy number: (212) 635-0295; (vii) in the case of the CSFB
Mortgage Loan Seller, Column Financial, Inc., 3414 Peachtree Road, N.E., Suite
1140, Atlanta, Georgia 30326-1113, Attention: Robert A. Barnes, telecopy number:
(404) 239-0419; (viii) in the case of the PNC Mortgage Loan Seller, PNC Bank,
National Association, One PNC Plaza, 249 Fifth Avenue, 19th Floor, Pittsburgh,
Pennsylvania 15222, Attention: Kristina Williams, telecopy number: (412)
705-1645, with a copy to Gretchen Kelly, telecopy number: (412) 762-4334; (ix)
in the case of the initial holder of the B Note as specified in the A/B Mortgage
Loan Intercreditor Agreement, Column Financial, Inc., 3414 Peachtree Road, N.E.,
Suite 1140, Atlanta, Georgia 30326-1113, Attention: Robert A. Barnes, telecopy
number: (404) 239-0419, and (x) in the case of the initial Directing
Certificateholder, Clarion Capital, LLC, 335 Madison Avenue, New York, New York
10017, Attention: Stephen Baines, telecopy number 212-883-2851; or as to each
such Person such other address as may hereafter be furnished by such Person to
the parties hereto in writing. Any communication required or permitted to be
delivered to a Certificateholder shall be deemed to have been duly given when
mailed first class, postage prepaid, to the address of such Holder as shown in
the Certificate Register. Any notice so mailed within the time prescribed in
this Agreement shall be conclusively presumed to have been duly given, whether
or not the Certificateholder receives such notice.

            Section 10.06 Severability of Provisions.

            If any one or more of the covenants, agreements, provisions or terms
of this Agreement shall be for any reason whatsoever held invalid, then such
covenants, agreements, provisions or terms shall be deemed severable from the
remaining covenants, agreements, provisions or terms of this Agreement and shall
in no way affect the validity or enforceability of the other provisions of this
Agreement or of the Certificates or the rights of the Holders thereof.

            Section 10.07 Grant of a Security Interest.

            The Depositor intends that the conveyance of the Depositor's right,
title and interest in and to the Loans pursuant to this Agreement shall
constitute a sale and not a pledge of security for a loan. If such conveyance is
deemed to be a pledge of security for a loan, however, the Depositor intends
that the rights and obligations of the parties to such loan shall be established
pursuant to the terms of this Agreement. The Depositor also intends and agrees
that, in such event, (i) the Depositor shall be deemed to have granted to the
Trustee (in such capacity) a first priority security interest in the Depositor's
entire right, title and interest in and to the assets comprising the Trust Fund,
including without limitation, the Loans, all principal and interest received or
receivable with respect to the Loans (other than principal and interest payments
due and payable prior to the Cut-off Date and Principal Prepayments received
prior to the Cut-off Date), all amounts held from time to time in the Collection
Account, the Distribution Account and, if established, the REO Account, and all
reinvestment earnings on such amounts, and all of the Depositor's right, title
and interest in and to the proceeds of any title, hazard or other Insurance
Policies related to such Loans and (ii) this Agreement shall constitute a
security agreement under applicable law. This Section 10.07 shall constitute
notice to the Trustee pursuant to any of the requirements of the applicable UCC.

            Section 10.08 Successors and Assigns; Beneficiaries.

            The provisions of this Agreement shall be binding upon and inure to
the benefit of the respective successors and assigns of the parties hereto, and
all such provisions shall inure to the benefit of the Certificateholders. The
holders of the Companion Loan and B Note are each an intended third-party
beneficiary in respect of the rights afforded it hereunder. No other person,
including, without limitation, any Borrower, shall be entitled to any benefit or
equitable right, remedy or claim under this Agreement.

            Section 10.09 Article and Section Headings.

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

            Section 10.10 Notices to Rating Agencies.

            (a) The Trustee shall use reasonable efforts promptly to provide
notice to each Rating Agency with respect to each of the following of which a
Responsible Officer of the Trustee has actual knowledge:

                  (i) any material change or amendment to this Agreement;

                  (ii) the occurrence of any Event of Default that has not been
            cured;

                  (iii) the resignation or termination of the Master Servicer or
            the Special Servicer;

                  (iv) any change in the location of the Distribution Account,
            the Excess Liquidation Proceeds Account or the Interest Reserve
            Account;

                  (v) the repurchase of Loans by any Mortgage Loan Seller
            pursuant to Section 7 of the related Mortgage Loan Purchase
            Agreement; and

                  (vi) the final payment to any Class of Certificateholders.

            (b) The Master Servicer shall use reasonable efforts promptly to
provide notice to each Rating Agency with respect to each of the following of
which it has actual knowledge:

                  (i) the resignation or removal of the Trustee; and

                  (ii) any change in the location of the Collection Account.

            (c) Each of the Master Servicer and the Special Servicer shall
promptly furnish to each Rating Agency copies of the following:

                  (i) each of its annual statements as to compliance described
            in Section 3.13;

                  (ii) all reports and other items for Loans delivered by each
            of the Master Servicer and Special Servicer pursuant to Section 3.12
            (to the extent requested by such Rating Agency);

                  (iii) each of its annual independent public accountants'
            servicing reports described in Section 3.14;

                  (iv) each waiver and consent provided pursuant to Section 3.08
            for Loans;

                  (v) any officers' certificates delivered by the Master
            Servicer and the Special Servicer to the Trustee;

                  (vi) all site inspections (to the extent requested by such
            Rating Agency);

                  (vii) all operating statements (to the extent requested by
            such Rating Agency);

                  (viii) all rent rolls and sales reports to the extent provided
            by the Borrowers and requested by such Rating Agency;

                  (ix) any proposed no downgrade request;

                  (x) any extension or modification of the Maturity Date of any
            Loan;

                  (xi) any modification, waiver or amendment of any term of any
            Loan; and

                  (xii) any other document that shall be reasonably requested by
            any Rating Agency.

            (d) The Trustee shall promptly after each Distribution Date make
available to each Rating Agency a copy of the related Statement to
Certificateholders.

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have caused their names to be
signed hereto by their respective officers thereunto duly authorized, in each
case as of the day and year first above written.

                                       CREDIT SUISSE FIRST BOSTON
                                          MORTGAGE SECURITIES CORP.
                                          Depositor

                                       By: /s/ Jeffrey Altabef
                                           -------------------------------------
                                           Name:  Jeffrey Altabef
                                           Title: Vice President

                                       MIDLAND LOAN SERVICES, INC.
                                          Master Servicer

                                       By: /s/ Lawrence D. Ashley
                                           -------------------------------------
                                           Name:  Lawrence D. Ashley
                                           Title: Senior Vice President

                                       CLARION PARTNERS, LLC
                                          Special Servicer

                                       By: /s/ J. Michael O'brien
                                           -------------------------------------
                                           Name:  J. Michael O'brien
                                           Title: Authorized Person

                                       LASALLE BANK NATIONAL
                                          ASSOCIATION, as Trustee

                                       By: /s/ Brian D. Ames
                                           -------------------------------------
                                          Name:  Brian D. Ames
                                          Title: Vice President

                                       ABN AMRO Bank N.V., as Fiscal Agent

                                       By: /s/ Cynthia Reis
                                           -------------------------------------
                                           Name:  Cynthia Reis
                                           Title: First Vice President

                                       By: /s/ Brian D. Ames
                                           -------------------------------------
                                           Name:  Brian D. Ames
                                           Title: Vice President

<PAGE>

STATE OF NEW YORK       )
                        ) ss.:
COUNTY OF NEW YORK      )

            On the 25 day of July, 2002 before me, a notary public in and for
said State, personally appeared Jeffrey Altabef known to me to be a Vice
President of Credit Suisse First Boston Mortgage Securities Corp. and a Vice
President of Credit Suisse First Boston Corporation, the corporations that
executed the within instrument, and also known to me to be the person who
executed it on behalf of said corporations, and acknowledged to me that such
corporations executed the within instrument.

            IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written.

                                                      /s/ Alice Russell
                                            ------------------------------------
                                                        Notary Public

<PAGE>

STATE OF KANSAS    )
                   ) ss.:
COUNTY OF JOHNSON  )

            On the 24th day of July, 2002 before me, a notary public in and for
said State, personally appeared Lawrence D. Ashley know to me to be a Senior
Vice President of Midland Loan Services, Inc., a Delaware corporation that
executed the within instrument, and also known to me to be the person who
executed it on behalf of said corporation, and acknowledged to me that such
corporation executed the within instrument.

            IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written.

                                                      /s/ Joyce Mayo
                                            ------------------------------------
                                                       Notary Public

<PAGE>

STATE OF ILLINOIS   )
                    ) ss.:
COUNTY OF COOK      )

            On the 25 day of July, 2002 before me, Kristina Nieto, a notary
public in and for said State, personally appeared Brian D. Ames known to me to
be a Vice President of LaSalle Bank National Association, a national banking
association that executed the within instrument, and also known to me to be the
person who executed it on behalf of said banking association, and acknowledged
to me that such banking association executed the within instrument.

            IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written.

                                                      /s/ Kristina Nieto
                                            ------------------------------------
                                                         Notary Public

<PAGE>

STATE OF ILLINOIS   )
                    ) ss.:
COUNTY OF COOK      )

            On the 25th day of July, 2002 before me, Kristina Nieto, a notary
public in and for said State, personally appeared Cynthia Reis & Brian Ames
known to me to be a First Vice President and Vice President, respectively, of
ABN AMRO Bank N.V., a Netherlands Banking corporation that executed the within
instrument, and also known to me to be the person who executed it on behalf of
said corporation, and acknowledged to me that such corporation executed the
within instrument.

            IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written.

                                                      /s/ Kristina Nieto
                                            ------------------------------------
                                                         Notary Public

<PAGE>

                                   SCHEDULE I

          RATES USED IN DETERMINATION OF CLASS A-SP PASS-THROUGH RATES

Distribution Date       Rate      Distribution Date     Rate
-----------------       ----      -----------------     ----

   August 2002        7.30776       February 2006   7.09109
  September 2002      7.30784        March 2006     7.09174
   October 2002       7.08845        April 2006     7.31126
  November 2002       7.30798         May 2006      7.09129
  December 2002       7.08856         June 2006     7.31144
   January 2003       7.08861         July 2006     7.09144
  February 2003       7.08868        August 2006    7.31162
    March 2003        7.08913      September 2006   7.31031
    April 2003        7.30831       October 2006    7.09033
     May 2003         7.08883       November 2006   7.31186
    June 2003         7.30846       December 2006   7.09183
    July 2003         7.08896       January 2007    7.09190
   August 2003        7.30861       February 2007   7.07885
  September 2003      7.30870        March 2007     7.08672
   October 2003       7.08916        April 2007     7.29794
  November 2003       7.30886         May 2007      7.07906
  December 2003       7.08929         June 2007     7.29814
   January 2004       7.30902         July 2007     7.07922
  February 2004       7.08942        August 2007    7.29834
    March 2004        7.08965      September 2007   7.29845
    April 2004        7.30925       October 2007    7.07947
     May 2004         7.08961       November 2007   7.29865
    June 2004         7.30941       December 2007   7.07964
    July 2004         7.08975       January 2008    7.29885
   August 2004        7.30957       February 2008   7.07980
  September 2004      7.30967        March 2008     7.08012
   October 2004       7.08996        April 2008     7.29914
  November 2004       7.30983         May 2008      7.08005
  December 2004       7.09010         June 2008     7.29935
   January 2005       7.09016         July 2008     7.08022
  February 2005       7.09024        August 2008    7.29956
    March 2005        7.09084      September 2008   7.29968
    April 2005        7.31022       October 2008    7.08048
     May 2005         7.09043       November 2008   7.29989
    June 2005         7.31039       December 2008   7.08066
    July 2005         7.09057       January 2009    7.08074
   August 2005        7.31057       February 2009   7.08083
  September 2005      7.31066        March 2009     7.08169
   October 2005       7.09080        April 2009     7.30040
  November 2005       7.31084         May 2009      7.08107
  December 2005       7.09094         June 2009     7.30062
   January 2006       7.09101         July 2009     7.08125

<PAGE>

                                                                     EXHIBIT A-1

                     FORM OF CLASS A-[1]-[2]-[3] CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                         Class A-[1]-[2]-[3] Certificate

<TABLE>
<CAPTION>
<S>                                  <C>
Pass-Through Rate: [A-1] [3.6830%]   [Initial Class A-1 Certificate Balance: $50,000,000]
Pass-Through Rate: [A-2] [5.2400%]   [Initial Class A-2 Certificate Balance: $127,854,000]
Pass-Through Rate: [A-3] [5.6030%]   [Initial Class A-3 Certificate Balance: $521,910,000]

[CUSIP No. [A-1] 22540V C5 9]        Denomination of this Certificate:  $_________
[CUSIP No. [A-2] 22540V C6 7]
[CUSIP No. [A-3] 22540V C7 5]
                                     Rated Final Distribution Date: July 2035
</TABLE>

No.: A-[1][2][3]-[__]

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR
INTEREST IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN
SELLER, THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE
TRUSTEE, THE FISCAL AGENT OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE
CERTIFICATES NOR THE UNDERLYING LOANS ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

                  Unless and until it is exchanged in whole or in part for
Certificates in definitive form, this Certificate may not be transferred except
as a whole (i) by The Depository Trust Company, a New York corporation ("DTC")
to a nominee of DTC, (ii) by a nominee of DTC to DTC or another nominee of DTC
or (iii) by DTC or any such nominee to a successor depository or a nominee of
such successor depository.

                  Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Certificate Registrar or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.

                  This certifies that CEDE & CO. (the "Certificateholder") is
the registered owner of a beneficial ownership interest in a trust (the "Trust")
created pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2002
(the "Pooling and Servicing Agreement"), by and among Midland Loan Services,
Inc., as master servicer (the "Master Servicer"), Clarion Partners, LLC, as
special servicer (the "Special Servicer"), LaSalle Bank National Association, as
trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal agent (the "Fiscal
Agent"), and Credit Suisse First Boston Mortgage Securities Corp., as depositor
(the "Depositor"). All capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed thereto in the Pooling and Servicing
Agreement. This Certificate is described in the Pooling and Servicing Agreement
and is issued pursuant to and subject to the Pooling and Servicing Agreement. By
acceptance of this Certificate, each Certificateholder assents to and becomes
bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest represented by this Certificate of the amount
required to be distributed to the Certificateholders of this Class on such
Distribution Date pursuant to Section 4.01 of the Pooling and Servicing
Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date; and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates.

                  No sale, transfer or other disposition of this Certificate
shall be permitted other than in accordance with the provisions of Section 5.02
of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION not
                                         in its individual capacity, but solely
                                         as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class A-[1][2][3] Certificates referred to
in the within mentioned Pooling and Servicing Agreement.

                                         LaSalle Bank National Association not
                                         in its individual capacity, but solely
                                         as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory

Dated:_______________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises.

Dated: ______________________            By:____________________________________
                                            Signature
<PAGE>

                                                                     EXHIBIT A-2

                         FORM OF CLASS A-SP CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                             Class A-SP Certificate
                                 (Variable Rate)

<TABLE>
<CAPTION>
<S>                             <C>
Pass-Through Rate:  Variable    Original Class A-SP Notional Balance:  $758,367,000

CUSIP No. [144-A] 22541N BE 8   Notional Denomination of this Certificate:  $______

CUSIP No. [Reg S] U12679 JW 4   Rated Final Distribution Date:  July 2035
</TABLE>

No.:  A-SP-[   ]

                  THIS CERTIFICATE IS AN "INTEREST ONLY" CERTIFICATE AND DOES
NOT HAVE A PRINCIPAL BALANCE. DISTRIBUTIONS WILL BE CALCULATED ON THE "CLASS
A-SP NOTIONAL BALANCE."

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTION 860G (a)(1) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED.

                  THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS.
NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE
WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO
LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE HOLDER REASONABLY BELIEVES IS
A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, (C) TO A PERSON WHO IS NOT A "U.S. PERSON" AS
DEFINED IN REGULATION S UNDER THE SECURITIES ACT, OR (D) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT,
SUBJECT IN EACH OF THE FOREGOING CASES TO THE COMPLETION AND DELIVERY BY THE
TRANSFEROR TO THE CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE LAST PAGE OF THIS CERTIFICATE.

                  THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS
DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT, AND SUCH HOLDER SHALL, AND EACH SUBSEQUENT
PURCHASER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF
THE RESALE RESTRICTIONS REFERRED TO IN THE IMMEDIATELY PRECEDING PARAGRAPH. A
TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER
SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND SERVICING AGREEMENT
IF SUCH TRANSFEREE IS A QUALIFIED INSTITUTIONAL BUYER AND MAY ALSO BE REQUIRED
TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A OR IS A U.S. PERSON WITHIN
THE MEANING OF RULE 902 UNDER REGULATION S.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR
INTEREST IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN
SELLER, THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE
TRUSTEE, THE FISCAL AGENT OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE
CERTIFICATES NOR THE UNDERLYING LOANS ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

                  Unless and until it is exchanged in whole or in part for
Certificates in definitive form, this Certificate may not be transferred except
as a whole (i) by The Depository Trust Company, a New York corporation ("DTC")
to a nominee of DTC, (ii) by a nominee of DTC to DTC or another nominee of DTC
or (iii) by DTC or any such nominee to a successor depository or a nominee of
such successor depository.

                  Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Certificate Registrar or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.

                  This certifies that CEDE & CO. (the "Certificateholder") is
the registered owner of a beneficial ownership interest in a trust (the "Trust")
created pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2002
(the "Pooling and Servicing Agreement"), by and among Midland Loan Services,
Inc., as master servicer (the "Master Servicer"), Clarion Partners, LLC, as
special servicer (the "Special Servicer"), LaSalle Bank National Association, as
trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal agent (the "Fiscal
Agent"), and Credit Suisse First Boston Mortgage Securities Corp., as depositor
(the "Depositor"). All capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed thereto in the Pooling and Servicing
Agreement. This Certificate is described in the Pooling and Servicing Agreement
and is issued pursuant to and subject to the Pooling and Servicing Agreement. By
acceptance of this Certificate, each Certificateholder assents to and becomes
bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest represented by this Certificate of the amount
required to be distributed to the Certificateholders of this Class on such
Distribution Date pursuant to Section 4.01 of the Pooling and Servicing
Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date; and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates. No sale, transfer or other
disposition of this Certificate shall be permitted other than in accordance with
the provisions of Section 5.02 of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class A-SP Certificates referred to in the
within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory

Dated: ___________________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises.

Dated: ______________________            By:____________________________________
                                            Signature

<PAGE>
                                                                     EXHIBIT A-3

                          FORM OF CLASS A-X CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                              Class A-X Certificate
                                 (Variable Rate)

<TABLE>
<CAPTION>
<S>                             <C>
Pass-Through Rate:  Variable    Original Class A-X Notional Balance:  $895,698,612

CUSIP No. [144-A] 22541 BD 0    Notional Denomination of this Certificate:  $______

CUSIP No. [Reg S] U12679 JW 4   Rated Final Distribution Date:  July 2035
</TABLE>

No.:  A-X-[   ]

                  THIS CERTIFICATE IS AN "INTEREST ONLY" CERTIFICATE AND DOES
NOT HAVE A PRINCIPAL BALANCE. DISTRIBUTIONS WILL BE CALCULATED ON THE "CLASS A-X
NOTIONAL BALANCE."

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS860G (a)(1) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED.

                  THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS.
NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE
WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO
LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE HOLDER REASONABLY BELIEVES IS
A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, (C) TO A PERSON WHO IS NOT A "U.S. PERSON" AS
DEFINED IN REGULATION S UNDER THE SECURITIES ACT, OR (D) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT,
SUBJECT IN EACH OF THE FOREGOING CASES TO THE COMPLETION AND DELIVERY BY THE
TRANSFEROR TO THE CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE LAST PAGE OF THIS CERTIFICATE.

                  THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS
DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT, AND SUCH HOLDER SHALL, AND EACH SUBSEQUENT
PURCHASER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF
THE RESALE RESTRICTIONS REFERRED TO IN THE IMMIEDIATELY PRECEDING PARAGRAPH. A
TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER
SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND SERVICING AGREEMENT
IF SUCH TRANSFEREE IS A QUALIFIED INSTITUTIONAL BUYER AND MAY ALSO BE REQUIRED
TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A OR IS A U.S. PERSON WITHIN
THE MEANING OF RULE 902 UNDER REGULATION S.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR
INTEREST IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN
SELLER, THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE
UNDERLYING LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR
INSTRUMENTALITY.

                  Unless and until it is exchanged in whole or in part for
Certificates in definitive form, this Certificate may not be transferred except
as a whole (i) by The Depository Trust Company, a New York corporation ("DTC")
to a nominee of DTC, (ii) by a nominee of DTC to DTC or another nominee of DTC
or (iii) by DTC or any such nominee to a successor depository or a nominee of
such successor depository.

                  Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Certificate Registrar or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.

                  This certifies that CEDE & CO. (the "Certificateholder") is
the registered owner of a beneficial ownership interest in a trust (the "Trust")
created pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2002
(the "Pooling and Servicing Agreement"), by and among Midland Loan Services,
Inc., as master servicer (the "Master Servicer"), Clarion Partners, LLC, as
special servicer (the "Special Servicer"), LaSalle Bank National Association, as
trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal agent (the "Fiscal
Agent"), and Credit Suisse First Boston Mortgage Securities Corp., as depositor
(the "Depositor"). All capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed thereto in the Pooling and Servicing
Agreement. This Certificate is described in the Pooling and Servicing Agreement
and is issued pursuant to and subject to the Pooling and Servicing Agreement. By
acceptance of this Certificate, each Certificateholder assents to and becomes
bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest represented by this Certificate of the amount
required to be distributed to the Certificateholders of this Class on such
Distribution Date pursuant to Section 4.01 of the Pooling and Servicing
Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date; and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates. No sale, transfer or other
disposition of this Certificate shall be permitted other than in accordance with
the provisions of Section 5.02 of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class A-X Certificates referred to in the
within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory

Dated: ___________________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises. Dated: ________________

Dated: ______________________            By:____________________________________
                                            Signature

<PAGE>

                                                                     EXHIBIT A-4

                       FORM OF CLASS [B][C][D] CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                           Class [B][C][D] Certificate

<TABLE>
<CAPTION>
<S>                                       <C>
Pass-Through Rate [Class B]:[5.7200%]     [Initial Class B Certificate Balance:  $34,708,000]

Pass-Through Rate [Class C]:[5.5100%]     [Initial Class C Certificate Balance:  $40,307,000]

Pass-Through Rate [Class D]:[6.0240%]     [Initial Class D Certificate Balance:  $8,957,000]

[CUSIP No. [Class B] 22540V C8 3]

[CUSIP No. [Class C] 22540V C9 1]         Denomination of this Certificate:  $__________

[CUSIP No. [Class D] 22540V D2 5]

                                          Rated Final Distribution Date: July 2035
</TABLE>

No.:  [B][C][D]-[__]

                  THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE
CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-SP AND CLASS A-X [AND CLASS [B] AND
CLASS [C] CERTIFICATES] AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR
INTEREST IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN
SELLER, THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE
TRUSTEE, THE FISCAL AGENT OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE
CERTIFICATES NOR THE UNDERLYING LOANS ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

                  Unless and until it is exchanged in whole or in part for
Certificates in definitive form, this Certificate may not be transferred except
as a whole (i) by The Depository Trust Company, a New York corporation ("DTC")
to a nominee of DTC, (ii) by a nominee of DTC to DTC or another nominee of DTC
or (iii) by DTC or any such nominee to a successor depository or a nominee of
such successor depository.

                  Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Certificate Registrar or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.

                  This certifies that CEDE & CO. (the "Certificateholder") is
the registered owner of a beneficial ownership interest in a trust (the "Trust")
created pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2002
(the "Pooling and Servicing Agreement"), by and among Midland Loan Services,
Inc., as master servicer (the "Master Servicer"), Clarion Partners, LLC, as
special servicer (the "Special Servicer"), LaSalle Bank National Association, as
trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal agent (the "Fiscal
Agent"), and Credit Suisse First Boston Mortgage Securities Corp., as depositor
(the "Depositor"). All capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed thereto in the Pooling and Servicing
Agreement. This Certificate is described in the Pooling and Servicing Agreement
and is issued pursuant to and subject to the Pooling and Servicing Agreement. By
acceptance of this Certificate, each Certificateholder assents to and becomes
bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest represented by this Certificate of the amount
required to be distributed to the Certificateholders of this Class on such
Distribution Date pursuant to Section 4.01 of the Pooling and Servicing
Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date; and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates.

                  No sale, transfer or other disposition of this Certificate
shall be permitted other than in accordance with the provisions of Section 5.02
of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class [B][C][D] Certificates referred to in
the within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory

Dated: ___________________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises.

Dated: ______________________            By:____________________________________
                                            Signature

<PAGE>

                                                                     EXHIBIT A-5

                       FORM OF CLASS [E][F][G] CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                           Class [E][F][G] Certificate

<TABLE>
<CAPTION>
<S>                                          <C>
[Pass-Through Rate [Class E]:  [Variable]    [Initial Class F Certificate Balance:  $10,076,000]

[Pass-Through Rate [Class F]:  [Variable]    [Initial Class G Certificate Balance:  $14,555,000]

[Pass-Through Rate [Class G]: [Variable]     [Initial Class H Certificate Balance:  $15,675,000]

CUSIP No. [Class E] [144-A] 22541N AT 6      Denomination of this Certificate:  $[_________]
CUSIP No. [Class E] [Reg S]  U12679 JK 0
CUSIP No. [Class F] [144-A] 22541N AU 3      Rated Final Distribution Date: July 2035
CUSIP No. [Class F] [Reg S] U12679 JL 8
CUSIP No. [Class G] [144-A] 22541N AV 1
CUSIP No. [Class G] [Reg S] U12679 JM 6
</TABLE>

No.: [E][F][G] -[__]

                  THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE
CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-SP, CLASS A-X, CLASS B,
CLASS C, CLASS D [AND CLASS [E] AND CLASS [F] CERTIFICATES] AS DESCRIBED IN THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

                  THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS.
NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE
WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO
LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS
A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (C) TO A PERSON WHO IS NOT A "U.S.
PERSON" AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT, (D) PURSUANT TO
ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO THE COMPLETION AND DELIVERY BY
THE TRANSFEROR TO THE CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER IN THE
FORM APPEARING ON THE LAST PAGE OF THIS CERTIFICATE.

                  THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS
DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT, AND SUCH HOLDER SHALL, AND EACH SUBSEQUENT
PURCHASER IS REQUIRED TO NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF THE
RESALE RESTRICTIONS REFERRED TO IN THE IMMEDIATELY PRECEDING PARAGRAPH. A
TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER
SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND SERVICING AGREEMENT
AND SHALL ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE
IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A AND IT IS
A U.S. PERSON WITHIN THE MEANING OF RULE 902 UNDER REGULATION S.

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR
INTEREST IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN
SELLER, THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE
TRUSTEE, THE FISCAL AGENT OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE
CERTIFICATES NOR THE UNDERLYING LOANS ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

                  [Legend for Regulation S Global Certificate -- PRIOR TO THE
DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE COMMENCEMENT OF THE OFFERING OF
THE CERTIFICATES AND (B) JULY 29, 2002, THIS CERTIFICATE MAY NOT BE OFFERED,
SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON
EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT OF 1933, AS AMENDED.]

                  Unless and until it is exchanged in whole or in part for
Certificates in definitive form, this Certificate may not be transferred except
as a whole (i) by The Depository Trust Company, a New York corporation ("DTC")
to a nominee of DTC, (ii) by a nominee of DTC to DTC or another nominee of DTC
or (iii) by DTC or any such nominee to a successor depository or a nominee of
such successor depository.

                  Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Certificate Registrar or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.

                  This certifies that CEDE & CO. (the "Certificateholder") is
the registered owner of a beneficial ownership interest in a trust (the "Trust")
created pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2002
(the "Pooling and Servicing Agreement"), by and among Midland Loan Services,
Inc., as master servicer (the "Servicer"), Clarion Partners, LLC, as special
servicer (the "Special Servicer"), LaSalle Bank National Association, as trustee
(the "Trustee"), ABN AMRO Bank N.V., as fiscal agent (the "Fiscal Agent"), and
Credit Suisse First Boston Mortgage Securities Corp., as depositor (the
"Depositor"). All capitalized terms used herein and not otherwise defined herein
shall have the meanings ascribed thereto in the Pooling and Servicing Agreement.
This Certificate is described in the Pooling and Servicing Agreement and is
issued pursuant to and subject to the Pooling and Servicing Agreement. By
acceptance of this Certificate, each Certificateholder assents to and becomes
bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest represented by this Certificate of the amount
required to be distributed to the Certificateholders of this Class on such
Distribution Date pursuant to Section 4.01 of the Pooling and Servicing
Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date; and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates.

                  No sale, transfer or other disposition of this Certificate
shall be permitted other than in accordance with the provisions of Section 5.02
of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class [E][F][G] Certificates referred to in
the within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory

Dated: ___________________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises.

Dated: ______________________            By:____________________________________
                                            Signature

<PAGE>

                                                                     EXHIBIT A-6

                 FORM OF CLASS [H][J][K][L][M][N][O] CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                     Class[H][J][K][L][M][N][O] Certificate

<TABLE>
<CAPTION>
<S>                                          <C>
[Pass-Through Rate [Class H]: 6.0000%]       [Initial Certificate Principal Balance [Class H]:
                                             $11,196,000]

[Pass-Through Rate [Class J]: 6.0000%]       [Initial Certificate Principal Balance [Class J]:
                                             $17,914,000]

[Pass-Through Rate [Class K]:  6.0000%]      [Initial Certificate Principal Balance [Class K]:
                                             $6,718,000]

[Pass-Through Rate [Class L]:  6.0000%]      [Initial Certificate Principal Balance [Class L]:
                                             $4,479,000]

[Pass-Through Rate [Class M]:  6.0000%]      [Initial Certificate Principal Balance [Class M]:
                                             $11,196,000]

[Pass-Through Rate [Class N]:  6.0000%]      [Initial Certificate Principal Balance [Class N]:
                                             $4,478,000]

[Pass-Through Rate [Class O]:  6.0000%]      [Initial Certificate Principal Balance [Class O]:
                                             $15,675,612]

CUSIP No. [Class H 144A] 22541N AW 9
CUSIP No. [Class H Reg S] U12679 JN 4

CUSIP No. [Class J 144A] 22541N AX 7
CUSIP No. [Class J Reg S] U12679 JP 9

CUSIP No. [Class K 144A] 22541N AY 5         Denomination of this Certificate:  $[______]
CUSIP No. [Class K Reg S] U12679 JQ 7        Rated Final Distribution Date: July 2035
CUSIP No. [Class L 144A] 22541N AZ 2
CUSIP No. [Class L Reg S] U12679 JR 5
CUSIP No. [Class M 144A] 22541N BA 6
CUSIP No. [Class M Reg S] U12679 JS 3
CUSIP No. [Class N 144A] 22541N BB 4
CUSIP No. [Class N Reg S] U12679 JT 1
CUSIP No. [Class O 144A] 22541N BC 2
CUSIP No. [Class O Reg S] U12679 JU 8
</TABLE>

No.: [H][J][K][L][M][N][O]-[   ]

                  THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE
CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-X, CLASS A-SP, CLASS B,
CLASS C, CLASS D, CLASS E, CLASS F, CLASS G [AND CLASS [H] AND CLASS [J] AND
CLASS [K] AND CLASS [L] AND CLASS [M] AND CLASS [N] AND CLASS [O] CERTIFICATES]
AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

                  THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS.
NEITHER THIS CERTIFICATE NOR ANY INTEREST PARTICIPATION HEREIN MAY BE REOFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE
WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO
LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS
A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (C) TO A PERSON WHO IS NOT A "U.S.
PERSON" AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT, (D) PURSUANT TO
ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO THE COMPLETION AND DELIVERY BY
THE TRANSFEROR TO THE CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER IN THE
FORM APPEARING ON THE LAST PAGE OF THIS CERTIFICATE.

                  THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS
DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT, AND SUCH HOLDER SHALL, AND EACH SUBSEQUENT
PURCHASER IS REQUIRED TO NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF THE
RESALE RESTRICTIONS REFERRED TO IN THE IMMEDIATELY PRECEDING PARAGRAPH. A
TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER
SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND SERVICING AGREEMENT
AND SHALL ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE
IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A AND IT IS
A U.S. PERSON WITHIN THE MEANING OF RULE 902 UNDER REGULATION S.

                  THIS CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT
IS (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN
INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR ANY ESSENTIALLY
SIMILAR FEDERAL STATE OR LOCAL LAW (A "SIMILAR LAW") (EACH A "PLAN"), OR (B) A
COLLECTIVE INVESTMENT FUND IN WHICH SUCH PLANS ARE INVESTED, AN INSURANCE
COMPANY USING ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS WHICH INCLUDE
ASSETS OF PLANS (OR WHICH ARE DEEMED PURSUANT TO ERISA OR ANY SIMILAR LAW TO
INCLUDE ASSETS OF PLANS) OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR
USING THE ASSETS OF ANY SUCH PLAN, OTHER THAN AN INSURANCE COMPANY USING THE
ASSETS OF ITS GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND THE
SUBSEQUENT HOLDING OF SUCH CERTIFICATE BY SUCH INSURANCE COMPANY WOULD NOT
CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION WITHIN THE MEANING OF SECTION
406 OR 407 OF ERISA, SECTION 4975 OF THE CODE, OR A MATERIALLY SIMILAR
CHARACTERIZATION UNDER ANY SIMILAR LAW. TRANSFEREES OF THIS CERTIFICATE TAKING
DELIVERY IN CERTIFICATED FORM SHALL BE REQUIRED EITHER (i) TO DELIVER A LETTER
IN THE FORM SET FORTH IN THE POOLING AND SERVICING AGREEMENT TO SUCH EFFECT OR
(ii) IN THE EVENT THE TRANSFEREE IS SUCH AN ENTITY SPECIFIED IN (A) OR (B)
ABOVE, SUCH ENTITY SHALL PROVIDE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE OR HOLDING OF THE CERTIFICATES BY
OR ON BEHALF OF A PLAN WILL NOT RESULT IN THE ASSETS OF THE TRUST FUND BEING
DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO THE FIDUCIARY RESPONSIBILITY
PROVISIONS OF ERISA OR THE PROHIBITED TRANSACTION PROVISIONS OF ERISA AND THE
CODE OR SIMILAR LAW, WILL NOT CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION
WITHIN THE MEANING OF SECTION 406 OR 407 OF ERISA OR SECTION 4975 OF THE CODE,
AND WILL NOT SUBJECT THE MASTER SERVICER, THE SPECIAL SERVICER, THE DEPOSITOR OR
THE TRUSTEE TO ANY OBLIGATION OR LIABILITY. THE TRANSFEREE OF A BENEFICIAL
INTEREST IN AN OFFERED PRIVATE CERTIFICATE SHALL BE DEEMED TO REPRESENT THAT IT
IS NOT A PLAN OR A PERSON ACTING ON BEHALF OF ANY PLAN OR USING THE ASSETS OF
ANY PLAN TO ACQUIRE SUCH INTEREST, OTHER THAN, AN INSURANCE COMPANY USING THE
ASSETS OF ITS GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND THE
SUBSEQUENT HOLDING OF SUCH CERTIFICATE BY SUCH INSURANCE COMPANY WOULD NOT
CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION WITHIN THE MEANING OF SECTION
406 OR 407 OF ERISA SECTION 4975 OF THE CODE, OR A MATERIALLY SIMILAR
CHARACTERIZATION UNDER ANY SIMILAR LAW.

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR
INTEREST IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN
SELLER, THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE
TRUSTEE, THE FISCAL AGENT OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE
CERTIFICATES NOR THE UNDERLYING LOANS ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

                  [Legend for Regulation S Global Certificate -- PRIOR TO THE
DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE COMMENCEMENT OF THE OFFERING OF
THE CERTIFICATES AND (B) JULY 29, 2002, THIS CERTIFICATE MAY NOT BE OFFERED,
SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON
EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT OF 1933, AS AMENDED.]

                  Unless and until it is exchanged in whole or in part for
Certificates in definitive form, this Certificate may not be transferred except
as a whole (i) by The Depository Trust Company, a New York corporation ("DTC")
to a nominee of DTC, (ii) by a nominee of DTC to DTC or another nominee of DTC
or (iii) by DTC or any such nominee to a successor depository or a nominee of
such successor depository.

                  Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Certificate Registrar or its agent for registration of transfer, exchange
or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.

                  This certifies that ______________________ (the
"Certificateholder") is the registered owner of a beneficial ownership interest
in a trust (the "Trust") created pursuant to a Pooling and Servicing Agreement,
dated as of July 1, 2002 (the "Pooling and Servicing Agreement"), by and among
Midland Loan Services, Inc., as master servicer (the "Master Servicer"), Clarion
Partners, LLC, as special servicer (the "Special Servicer"), LaSalle Bank
National Association, as trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal
agent (the "Fiscal Agent"), and Credit Suisse First Boston Mortgage Securities
Corp., as depositor (the "Depositor"). All capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed thereto in the Pooling
and Servicing Agreement. This Certificate is described in the Pooling and
Servicing Agreement and is issued pursuant to and subject to the Pooling and
Servicing Agreement. By acceptance of this Certificate, each Certificateholder
assents to and becomes bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest represented by this Certificate of the amount
required to be distributed to the Certificateholders of this Class on such
Distribution Date pursuant to Section 4.01 of the Pooling and Servicing
Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date; and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates.

                  No sale, transfer or other disposition of this Certificate
shall be permitted other than in accordance with the provisions of Section 5.02
of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class [H][J][K][L][M][N][O] Certificates
referred to in the within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory
Dated:_______________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises.

Dated: ______________________            By:____________________________________
                                            Signature

<PAGE>

                                                                     EXHIBIT A-7
                           FORM OF CLASS V CERTIFICATE

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
         COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-CP3
                               Class V Certificate

No.: V-[   ]                                         Percentage Interest: [100%]

                  THIS CERTIFICATE DOES NOT HAVE A PRINCIPAL BALANCE AND IS
ENTITLED TO RECEIVE DISTRIBUTIONS ONLY IN RESPECT OF EXCESS INTEREST, IF ANY.

                  THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS.
NEITHER THIS CERTIFICATE NOR ANY INTEREST PARTICIPATION HEREIN MAY BE REOFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE
WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO
LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS
A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (C) TO A PERSON WHO IS NOT A "U.S.
PERSON" AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT, (D) PURSUANT TO
ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO THE COMPLETION AND DELIVERY BY
THE TRANSFEROR TO THE CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER IN THE
FORM APPEARING ON THE LAST PAGE OF THIS CERTIFICATE.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE TO ANY PERSON THAT IS
AN "INELIGIBLE CLASS V OWNER" (AS DEFINED IN THE POOLING AND SERVICING
AGREEMENT).

                  THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS
DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT, AND SUCH HOLDER SHALL, AND EACH SUBSEQUENT
PURCHASER IS REQUIRED TO NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF THE
RESALE RESTRICTIONS REFERRED TO IN THE IMMEDIATELY PRECEDING PARAGRAPH. A
TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER
SUBSTANTIALLY IN THE FORM OF AN EXHIBIT TO THE POOLING AND SERVICING AGREEMENT
AND SHALL ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE
IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A AND IT IS
A U.S. PERSON WITHIN THE MEANING OF RULE 902 UNDER REGULATION S.

                  THIS CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT
IS (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN
INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR ANY ESSENTIALLY
SIMILAR FEDERAL STATE OR LOCAL LAW (A "SIMILAR LAW") (EACH A "PLAN"), OR (B) A
COLLECTIVE INVESTMENT FUND IN WHICH SUCH PLANS ARE INVESTED, AN INSURANCE
COMPANY USING ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS WHICH INCLUDE
ASSETS OF PLANS (OR WHICH ARE DEEMED PURSUANT TO ERISA OR ANY SIMILAR LAW TO
INCLUDE ASSETS OF PLANS) OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR
USING THE ASSETS OF ANY SUCH PLAN. TRANSFEREES OF THIS CERTIFICATE TAKING
DELIVERY IN CERTIFICATED FORM SHALL BE REQUIRED TO DELIVER A LETTER IN THE FORM
SET FORTH IN THE POOLING AND SERVICING AGREEMENT TO SUCH EFFECT. THE TRANSFEREE
OF A BENEFICIAL INTEREST IN AN OFFERED PRIVATE CERTIFICATE SHALL BE DEEMED TO
REPRESENT THAT IT IS NOT A PLAN OR A PERSON ACTING ON BEHALF OF ANY PLAN OR
USING THE ASSETS OF ANY PLAN TO ACQUIRE SUCH INTEREST.

                  This certifies that _______________________ (the
"Certificateholder") is the registered owner of a beneficial ownership interest
in a trust (the "Trust") created pursuant to a Pooling and Servicing Agreement,
dated as of July 1, 2002 (the "Pooling and Servicing Agreement"), by and among
Midland Loan Services, Inc., as master servicer (the "Master Servicer"), Clarion
Partners, LLC, as special servicer (the "Special Servicer"), LaSalle Bank
National Association, as trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal
agent (the "Fiscal Agent"), and Credit Suisse First Boston Mortgage Securities
Corp., as depositor (the "Depositor"). All capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed thereto in the Pooling
and Servicing Agreement. This Certificate is described in the Pooling and
Servicing Agreement and is issued pursuant to and subject to the Pooling and
Servicing Agreement. By acceptance of this Certificate, each Certificateholder
assents to and becomes bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest set forth above of the amount required to be
distributed to the Certificateholders of this Class on such Distribution Date
pursuant to Section 4.01 of the Pooling and Servicing Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates.

                  No sale, transfer or other disposition of this Certificate
shall be permitted other than in accordance with the provisions of Section 5.02
of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class V Certificates referred to in the
within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory
Dated:_______________

<PAGE>

                                                                     EXHIBIT A-8

                          FORM OF RESIDUAL CERTIFICATE
                            Class [R][LR] CERTIFICATE

No.:  [R]-[LR]                                       Percentage Interest: [   %]

                  THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS.
NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

                  THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES
NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE
WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION
STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (B) FOR SO
LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON WHO THE HOLDER REASONABLY BELIEVES IS
A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, OR (C) PURSUANT TO ANOTHER AVAILABLE EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT IN EACH OF THE
FOREGOING CASES TO THE COMPLETION AND DELIVERY BY THE TRANSFEROR TO THE
CERTIFICATE REGISTRAR OF A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE
LAST PAGE OF THIS CERTIFICATE.

                  THE HOLDER OF THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS
DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT, AND SUCH HOLDER SHALL, AND EACH SUBSEQUENT
PURCHASER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS CERTIFICATE FROM IT OF
THE RESALE RESTRICTIONS REFERRED TO IN THE PREVIOUS PARAGRAPH. A TRANSFEREE IS
ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN
THE FORM OF AN EXHIBIT TO THE POOLING AND SERVICING AGREEMENT IF SUCH TRANSFEREE
IS A QUALIFIED INSTITUTIONAL BUYER AND MAY ALSO BE REQUIRED TO DELIVER AN
OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER
WITHIN THE MEANING OF RULE 144A.

                  THIS CERTIFICATE IS NOT INSURED OR GUARANTEED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL SAVINGS AND LOAN INSURANCE
CORPORATION, THE GOVERNMENT NATIONAL MORTGAGE ASSOCIATION OR ANY OTHER
GOVERNMENTAL AGENCY.

                  THIS CERTIFICATE MAY NOT BE HELD OR TRANSFERRED TO A NON-U.S.
PERSON (AS DEFINED IN THE POOLING AND SERVICING AGREEMENT) OR DISQUALIFIED
ORGANIZATION (AS DEFINED BELOW).

                  FOR FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"RESIDUAL INTEREST" IN ONE "REAL ESTATE MORTGAGE INVESTMENT CONDUITS," AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTION 860G(a)(2) AND 860D OF THE CODE.

                  THIS CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT
IS (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN
INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR ANY ESSENTIALLY
SIMILAR FEDERAL STATE OR LOCAL LAW (A "SIMILAR LAW") (EACH A "PLAN"), OR (B) A
COLLECTIVE INVESTMENT FUND IN WHICH SUCH PLANS ARE INVESTED, AN INSURANCE
COMPANY USING ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS WHICH INCLUDE
ASSETS OF PLANS (OR WHICH ARE DEEMED PURSUANT TO ERISA OR ANY SIMILAR LAW TO
INCLUDE ASSETS OF PLANS) OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR
USING THE ASSETS OF ANY SUCH PLAN. TRANSFEREES OF THIS CERTIFICATE SHALL BE
REQUIRED TO DELIVER A LETTER IN THE FORM SET FORTH IN THE POOLING AND SERVICING
AGREEMENT TO SUCH EFFECT. THE TRANSFEREE OF A BENEFICIAL INTEREST IN AN OFFERED
PRIVATE CERTIFICATE SHALL BE DEEMED TO REPRESENT THAT IT IS NOT A PLAN OR A
PERSON ACTING ON BEHALF OF ANY PLAN OR USING THE ASSETS OF ANY PLAN TO ACQUIRE
SUCH INTEREST.

                  TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS SET FORTH IN THE
POOLING AND SERVICING AGREEMENT. NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO
A "DISQUALIFIED ORGANIZATION" OR A NON-U.S. PERSON (AS DEFINED IN THE POOLING
AND SERVICING AGREEMENT). A DISQUALIFIED ORGANIZATION (AS DEFINED IN THE POOLING
AND SERVICING AGREEMENT) INCLUDES: ANY OF (i) THE UNITED STATES, ANY STATE OR
POLITICAL SUBDIVISION THEREOF, ANY POSSESSION OF THE UNITED STATES OR ANY AGENCY
OR INSTRUMENTALITY OF ANY OF THE FOREGOING (OTHER THAN AN INSTRUMENTALITY THAT
IS A CORPORATION IF ALL OF ITS ACTIVITIES ARE SUBJECT TO TAX AND, EXCEPT FOR
FHLMC, A MAJORITY OF ITS BOARD OF DIRECTORS IS NOT SELECTED BY SUCH GOVERNMENTAL
UNIT), (ii) A FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION OR ANY AGENCY
OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (iii) ANY ORGANIZATION (OTHER THAN
CERTAIN FARMERS' COOPERATIVES DESCRIBED IN SECTION 521 OF THE CODE) THAT IS
EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE (INCLUDING THE TAX IMPOSED
BY SECTION 511 OF THE CODE ON UNRELATED BUSINESS TAXABLE INCOME) AND (iv) RURAL
ELECTRIC AND TELEPHONE COOPERATIVES DESCRIBED IN SECTION 1381(A)(2)(C) OF THE
CODE. NO TRANSFER OF THIS CLASS R CERTIFICATE WILL BE REGISTERED BY THE
CERTIFICATE REGISTRAR UNLESS THE PROPOSED TRANSFEREE HAS DELIVERED AN AFFIDAVIT
AFFIRMING, AMONG OTHER THINGS, THAT THE PROPOSED TRANSFEREE IS NOT A
DISQUALIFIED ORGANIZATION, IS NOT A NON-U.S. PERSON, AND IS NOT ACQUIRING THE
CLASS R CERTIFICATE FOR THE ACCOUNT OF A DISQUALIFIED ORGANIZATION OR A NON-U.S.
PERSON. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY
TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED
ORGANIZATION OR A NON-U.S. PERSON OR ANY AGENT OF A DISQUALIFIED ORGANIZATION OR
A NON U.S. PERSON, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR
EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER
FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF
DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE
OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS
PARAGRAPH. A COPY OF THE FORM OF AFFIDAVIT REQUIRED OF EACH PROPOSED TRANSFEREE
IS ON FILE AND AVAILABLE FROM THE TRUSTEE.

                  A TRANSFER IN VIOLATION OF THE APPLICABLE RESTRICTIONS MAY
GIVE RISE TO A SUBSTANTIAL TAX UPON THE UNAFFILIATED SELLER OR, IN CERTAIN
CASES, UPON AN AGENT ACTING FOR THE TRANSFEREE. A PASS-THROUGH ENTITY THAT HOLDS
THIS CLASS R CERTIFICATE AND THAT HAS A DISQUALIFIED ORGANIZATION AS A RECORD
OWNER IN ANY TAXABLE YEAR GENERALLY WILL BE SUBJECT TO A TAX FOR EACH SUCH YEAR
EQUAL TO THE PRODUCT OF (A) THE AMOUNT OF EXCESS INCLUSIONS WITH RESPECT TO THE
PORTION OF THIS CERTIFICATE OWNED THROUGH SUCH PASS-THROUGH ENTITY BY SUCH
DISQUALIFIED ORGANIZATION, AND (B) THE HIGHEST MARGINAL FEDERAL TAX RATE ON
CORPORATIONS. FOR PURPOSES OF THE PRECEDING SENTENCE, THE TERM "PASS-THROUGH"
ENTITY INCLUDES REGULATED INVESTMENT COMPANIES, REAL ESTATE INVESTMENT TRUSTS,
COMMON TRUST FUNDS, PARTNERSHIPS, TRUSTS, ESTATES, COOPERATIVES TO WHICH PART I
OF SUBCHAPTER T OF THE CODE APPLIES AND, EXCEPT AS PROVIDED IN REGULATIONS,
NOMINEES. ALL INTERESTS IN AN "ELECTING LARGE PARTNERSHIP" WILL BE TREATED AS
HELD BY DISQUALIFIED ORGANIZATIONS FOR PURPOSES OF THIS TAX.

                  THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OR INTEREST
IN THE DEPOSITOR, THE CSFB MORTGAGE LOAN SELLER, THE PNC MORTGAGE LOAN SELLER,
THE FISCAL AGENT, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE OR ANY
OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOT THE UNDERLYING
LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

                  This certifies that ________________________ (the
"Certificateholder") is the registered owner of a beneficial ownership interest
in a trust (the "Trust") created pursuant to a Pooling and Servicing Agreement,
dated as of July 1, 2002 (the "Pooling and Servicing Agreement"), by and among
Midland Loan Services, Inc., as master servicer (the "Master Servicer"), Clarion
Partners, LLC, as special servicer (the "Special Servicer"), LaSalle Bank
National Association, as trustee (the "Trustee"), ABN AMRO Bank N.V., as fiscal
agent (the "Fiscal Agent"), and Credit Suisse First Boston Mortgage Securities
Corp., as depositor (the "Depositor"). All capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed thereto in the Pooling
and Servicing Agreement. This Certificate is described in the Pooling and
Servicing Agreement and is issued pursuant to and subject to the Pooling and
Servicing Agreement. By acceptance of this Certificate, each Certificateholder
assents to and becomes bound by the Pooling and Servicing Agreement.

                  On each Distribution Date, the Trustee shall distribute to the
Person in whose name this Certificate is registered on the last Business Day of
the month immediately preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date, the Closing Date), an amount
equal to the Percentage Interest set forth above of the amount required to be
distributed to the Certificateholders of this Class on such Distribution Date
pursuant to Section 4.01 of the Pooling and Servicing Agreement.

                  All distributions (other than the final distribution) shall be
made to the Persons in whose name the Certificates are registered at the close
of business on each Record Date by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having
appropriate facilities therefor if such Certificateholder shall have so notified
the Trustee in writing prior to the Record Date immediately prior to such
Distribution Date and in all other cases by check mailed to each such
Certificateholder at such Certificateholder's address appearing in the
Certificate Register, in either case without presentation or surrender of any
Certificate held by such Certificateholder or the making of any notation
thereon. Distributions on the final Distribution Date with respect to this
Certificate, however, shall require presentment and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

                  The Pooling and Servicing Agreement permits, with certain
exceptions therein provided, the amendment thereof, and the modification of the
rights and obligations of the Depositor, the Master Servicer, the Special
Servicer, the Fiscal Agent and the Trustee thereunder and the rights of the
Certificateholders thereunder, at any time by the Depositor, the Master
Servicer, the Special Servicer, the Fiscal Agent and the Trustee with the
consent of the Holders of Certificates entitled to at least 66 2/3% of the
Percentage Interests of each Class affected thereby. Any such consent by the
Holder of this Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any Certificate issued upon
the transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent is made upon this Certificate. The Pooling and
Servicing Agreement also permits the amendment thereof, in certain
circumstances, including any amendment necessary to maintain the status of
designated portions of the Trust Fund as a REMIC or grantor trust, without the
consent of the Holders of any of the Certificates.

                  No sale, transfer or other disposition of this Certificate
shall be permitted other than in accordance with the provisions of Section 5.02
of the Pooling and Servicing Agreement.

                  This Certificate does not represent an obligation of, or an
interest in the Master Servicer, the Special Servicer, the Depositor, the Fiscal
Agent or the Trustee, except to the extent described in the Pooling and
Servicing Agreement, or any Affiliate thereof, nor will this Certificate be
insured or guaranteed by any governmental agency. This Certificate is limited in
right of payment to certain collections on the Mortgage Loans, as more
specifically set forth in the Pooling and Servicing Agreement.

                  The Holder hereof, by its acceptance of this Certificate,
agrees to look solely to the assets of the Trust Fund, as provided in the
Pooling and Servicing Agreement, for payment hereunder and that the Trustee in
its individual capacity is not liable to the Holder hereof for any amounts
payable under this Certificate or the Pooling and Servicing Agreement.

                  This Certificate does not purport to summarize the Pooling and
Servicing Agreement and is qualified in its entirety by the Pooling and
Servicing Agreement. Reference is made to the Pooling and Servicing Agreement
for information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and immunities of
the Trustee. Copies of the Pooling and Servicing Agreement and all amendments
thereto may be obtained via the Trustee's internet website located at
http://www.etrustee.net.

<PAGE>

                  IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed by the manual or facsimile signature of the duly authorized
signatory of the Trustee.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Trustee

                                         By:____________________________________
                                         Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class [R][LR] Certificates referred to in
the within mentioned Pooling and Servicing Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION
                                         not in its individual capacity,
                                         but solely as Authenticating Agent

                                         By:____________________________________
                                         Authorized Signatory
Dated:_______________

<PAGE>

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto _______________________________ the within Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass Through Certificate,
Series 2002-CP3, and does hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said Certificate on the
Certificate Register maintained by the Certificate Registrar, with full power of
substitution in the premises.

Dated: ______________________            By:____________________________________
                                            Signature

<PAGE>
                                                                       EXHIBIT B

CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2002-CP3

<TABLE>
<CAPTION>

 #        CROSSED      PROPERTY NAME                                               ADDRESS
-----------------------------------------------------------------------------------------------------------------------------------
<S>       <C>          <C>                                                <C>
 1                     Westfarms Mall                                     500 Westfarms Mall
 2                     Northwoods Mall                                    2150 Northwoods Boulevard
 3                     1201 North Market Street - Chase Building          1201 North Market Street
 4                     Gannon West Pointe Apartments                      2037 Chablis Drive
 5                     The Mall at Mill Creek                             1-201 Mill Creek Drive
 6                     Riverview Commerce Center                          495 and 515 Woburn Street
 7                     Porter Ranch Town Center                           19759-19931 Rinaldi Street
 8                     Lincoln Towers Garage                              150, 165, 185, and 205 West End Avenue
 9                     Roosevelt Square Shopping Center                   4495 Roosevelt Boulevard
10                     The Bristol Place Apartments                       11245 West Road
11                     University Center East                             9381 Judicial Dr.
12                     Annex of Arlington                                 1-115 West Rand Road
13                     METALDYNE                                          VARIOUS
13A                    Lamons Gasket Co.                                  7300 Airport Boulevard
13B                    Entegra Fastener Corporation                       321 Foster Avenue
13C                    Fulton Performance Products, Inc.                  50 Indianhead Drive
14                     North Coast Health Center                          477 North El Camino Real
15                     Colonial Grand @ Palma Sola                        3900 75TH Street West
16                     River Street Square                                149 Midway Boulevard
17                     McGehee Place Apartments                           3580 McGehee Place Drive S
18                     5440 Corporate Drive Office Building               5440 Corporate Drive
19                     Diversified Carlsbad                               1890 Rutherford Road
20                     North Charleston Center                            5900 Rivers Avenue
21                     One El Paseo Plaza                                 74199 El Paseo & 74225 US Highway 111
22                     Colonial Village                                   8990 North Davis Highway
23                     The Landing @ Arbor Place                          The Landing Drive
24                     WESTPORT PORTFOLIO                                 VARIOUS
24A                    191 Post Rd West                                   191 Post Rd West
24B                    301 Riverside Ave                                  301 Riverside Ave
25                     Sandia Ridge Apartments                            12021 Skyline Road NE
26                     COLLEGE SQUARE PORTFOLIO                           VARIOUS
26A                    College Square Apartments I & II                   725 and 923 Maplewood Drive
26B                    College Square Manor                               3112 Boulder Drive
27                     Ski Lodge Apartments                               4527 18TH Avenue East
28                     1200 East Anderson Lane                            1200 East Anderson Lane
29                     Canyon Crossing I                                  2102 West Loop 289
30                     Sterling Point II                                  6500 Dunlap
31                     Bentwood Apartments                                3201 W Loop 289
32                     Woods Edge Apartments                              2200 East Rose Avenue
33                     2012 Abalone Avenue Building                       2012 Abalone Avenue
34                     Timmaron Ridge Apartments                          9850 Whitehurst Drive
35                     Orange Villa Shopping Center - Phase II            2000-2090 Tustin Street
36                     Fredericksburg Apartments                          10052 Wirt Plaza
37          (A)        Saratoga Springs                                   1830 12th Avenue SE
38          (A)        Willowbrook Apartments                             1846 East Lindsey Avenue
39          (A)        Winshire Square Apartments                         1120 McGee Drive
40          (A)        Hunters Run                                        1301 East Gate Drive
41                     NBR Marketplace                                    3500 53RD Avenue West
42                     500 Post Road                                      500 Post Road East
43                     Woods on the Fairway Apartments                    8311 FM 1960 East
44                     276 Post Rd West                                   276 Post Rd West
45                     EZ Storage - Laurel                                8401 Contee Road
46                     Orange Villa Shopping Center                       2050 AND 2090 Tustin Street
47          (B)        Oakwood Estates Apartments                         900 21st Street East
48          (B)        Waterside Village                                  3600 49th Avenue North
49                     La Ronda Centre                                    14621-14821 and 14646-14820  North Del Webb Boulevard
50                     Foxwood I & II Apartments                          19920 Foxwood Forest
51                     Towne Oaks Apartments                              6310 South Padre Island Drive
52                     EZ Storage - Catonsville                           5525 Baltimore National Pike
53                     Highland Plaza Shopping Center                     10100 West  119TH Street
54                     Ludwell Apartments                                 502 Rolfe Road
55                     Bay Medical Plaza                                  450 Fourth Avenue
56                     Dove Park                                          7501 Seville St
57                     Colonial Village at Cordova Apartments             3500 Creighton Road
58                     Colonial Village at Hillcrest                      1601 Hillcrest Road
59                     Keokuk Apartments                                  2001-2167 Keokuk  Street
60                     The Arbors                                         4035 Kessler Avenue
61                     Reliable Circle Industrial                         1850-2255 Reliable Circle
62                     Aurora Commons                                     300-360 Aurora Commons Circle
63                     BI-LO Lexington                                    135 Lowes Boulevard
64                     EZ Storage - Owings Mills                          11333 Owings Mills Boulevard
65                     Williamsburg Apartments                            3400 Serenity Circle
66                     Texaco/Good Times                                  120 Blue River Parkway
67                     Woodside Place Apartments                          3444 Tivoli Court
68                     Irving Oaks Apartments                             1900 Rock Island Road
69                     Puma Building                                      856 Market Street
70                     Watermark at Lake Highlands                        9763 Audelia Road
71                     Glen Oaks                                          1007 E. Rundberg Lane
72                     2855 Mangum                                        2855 Mangum
73                     Golden Mile Shopping Center                        1046 West Patrick Street
74                     Riverside-Clybourne Office                         4444 Riverside Drive
75                     10101 Harwin                                       10101 Harwin Drive
76                     6666 Harwin                                        6666 Harwin Drive
77                     Takara South Apartments                            1919 West Main Street
78                     Crealde Executive Center                           2431 Aloma Ave
79                     Oak Bluff Condominiums                             4545 Live Oak Street
80                     Woodsmill Apartments                               748 A Jonestown Road
81                     Vollstedt-Alameda Building                         4001 Alameda Avenue
82                     Abbott Acres Apartments                            1505 Hobson Drive
83                     Brea/Imperial Building                             300 East Imperial Highway
84                     Mission Trails Manufactured Housing Community      1515 Mission Road
85                     Brentwood Apartments-FL                            2350 NE 173rd Street
86                     415-17 S. 10th Street/1634-38 Lombard Street       415-17 S. 10th Street/1634-38 Lombard Street
87                     Villas of Loiret Phase III                         9111-9149 Boehm Dr. & 15902-15904 W. 91st Terr.
88                     Shattalon Oaks Mobile Home Park                    North Side of Shattalon Drive
89                     Little Boys Way Apartments                         209 Cuthbert Street
90                     La Villa Apartments                                6305 North Villa Avenue
91                     Sagebrush Apartments                               2604 Manor Road
92                     McCoy's / Desert Estates MHP                       7293 & 7302 West Peoria Avenue
93                     Nicole Gardens                                     1025 West Blancke Street
94                     Rincon Business Park                               529-539 Rincon Street
95                     Norton Apartments                                  1450 S. Greenwood Avenue
96                     2251 E. Division St. Warehouse                     2251 East Division Street
97                     Chapel Ridge-El Dorado Phase II                    301 Moorewood Road
98                     Executive Quarters at Delray                       1030 - 1060 S. Federal Hwy
99                     1912 Spruce Street                                 1912 Spruce Street
100                    Austin Lake Apartments                             549 5th Street Lane
101                    Chapel Ridge-El Dorado Phase I                     301 Moorewood Road
102                    Manchester Leeds Office                            2717 W. Cypress Creek Road
103                    Santa Monica Apts                                  838 15th Street
104                    Marlborough House & Christiana House               1533 North Colonial Terrace and 1505 North Key Boulevard
105                    Pecan Grove Mobile Manor MHP                       Hwy 341 M
106                    Brookstone Park Housing Development                220 - 229 Brad Street
</TABLE>

[TABLE CONTINUED]

<TABLE>
<CAPTION>

                                                                                                              UNITS
                                                                                                              SQ. FT.
                                                                                     ZIP       MORTGAGE       ROOMS/
 #                      CITY                         COUNTY              STATE       CODE    LOAN SELLER       PADS
-----------------------------------------------------------------------------------------------------------------------
<S>       <C>                              <C>                          <C>        <C>          <C>         <C>
 1        Farmington                       Hartford                       CT        06032       Column      1,080,641
 2        North Charleston                 Charleston                     SC        29406       Column        426,545
 3        Wilmington                       New Castle                     DE        19801       Column        439,027
 4        Maryland Heights                 St. Louis                      MO        63146       Column          1,083
 5        Secaucus                         Hudson                         NJ        07094       Column        288,948
 6        Billerica and Tewksbury          Middlesex                      MA        01876       Column        707,222
 7        Porter Ranch                     Los Angeles                    CA        91326       Column        201,572
 8        New York                         New York                       NY        10023       Column          1,339
 9        Jacksonville                     Duval                          FL        32210       Column        291,729
10        Houston                          Harris                         TX        77065        PNC              390
11        San Diego                        San Diego                      CA        92121       Column         97,754
12        Arlington Heights                Cook                           IL        60004       Column        197,328
13        VARIOUS                          VARIOUS                      VARIOUS    VARIOUS      COLUMN        554,406
13A       Houston                          Harris                         TX        77061       Column        223,599
13B       Wood Dale                        Dupage                         IL        60191       Column        137,607
13C       Mosinee                          Marathon                       WI        54455       Column        193,200
14        Encinitas                        San Diego                      CA        92024       Column         93,271
15        Bradenton                        Manatee                        FL        34209       Column            340
16        Elyria                           Lorain                         OH        44035       Column        266,803
17        Montgomery                       Montgomery                     AL        36111        PNC              468
18        Troy                             Oakland                        MI        48098       Column         91,917
19        Carlsbad                         San Diego                      CA        92008       Column        112,585
20        North Charleston                 Charleston                     SC        29406        PNC          229,239
21        Palm Desert                      Riverside                      CA        92260       Column         64,022
22        Pensacola                        Escambia                       FL        32514       Column            176
23        Douglasville                     Douglas                        GA        31305       Column         85,336
24        WESTPORT                         FAIRFIELD                      CT       VARIOUS      COLUMN         47,972
24A       Westport                         Fairfield                      CT        06880       Column         30,000
24B       Westport                         Fairfield                      CT        06880       Column         17,972
25        Albuquerque                      Bernalillo                     NM        87123       Column            272
26        CEDAR FALLS                      BLACK HAWK                     IA       VARIOUS      COLUMN            296
26A       Cedar Falls                      Black Hawk                     IA        50613       Column            216
26B       Cedar Falls                      Black Hawk                     IA        50613       Column             80
27        Tuscaloosa                       Tuscaloosa                     AL        35405        PNC              304
28        Austin                           Travis                         TX        78752       Column         79,104
29        Lubbock                          Lubbock                        TX        79407       Column            232
30        Houston                          Harris                         TX        77074       Column            257
31        Lubbock                          Lubbock                        TX        79407       Column            216
32        Des Moines                       Polk                           IA        50320        PNC              210
33        Torrance                         Los Angeles                    CA        90501        PNC          107,154
34        Dallas                           Dallas                         TX        75243       Column            196
35        Orange                           Orange                         CA        92865        PNC           50,336
36        Omaha                            Douglas                        NE        68154       Column            174
37        Norman                           Oklahoma City                  OK        73071       Column            108
38        Norman                           Cleveland                      OK        73071       Column             76
39        Norman                           Cleveland                      OK        73069       Column             62
40        Norman                           Cleveland                      OK        73071       Column             16
41        Bradenton                        Manatee                        FL        34210        PNC           79,784
42        Westport                         Fairfield                      CT        06880       Column         35,442
43        Atascocita                       Harris                         TX        77346       Column            165
44        Westport                         Fairfield                      CT        06880       Column         32,565
45        Laurel                           Prince George's                MD        20708       Column         73,475
46        Orange                           Orange                         CA        92865        PNC           33,952
47        Palmetto                         Manatee                        FL        34221       Column            120
48        St. Petersburg                   Pinellas                       FL        33714       Column            102
49        Sun City                         Maricopa                       AZ        85351        PNC          107,540
50        Humble                           Harris                         TX        77338       Column            184
51        Corpus Christi                   Nueces                         TX        78412       Column            184
52        Baltimore                        Baltimore                      MD        21229       Column         73,075
53        Overland Park                    Johnson                        KS        66210        PNC           36,912
54        Williamsburg                     Richmond-Petersburg            VA        23185       Column            118
55        Chula Vista                      San Diego                      CA        91910        PNC           36,119
56        Amarillo                         Randall                        TX        79121       Column            160
57        Pensacola                        Escambia                       FL        32504        PNC              152
58        Mobile                           Mobile                         AL        36695        PNC              104
59        Iowa City                        Johnson                        IA        52240       Column            101
60        Savannah                         Chatham                        GA        31408       Column            108
61        Colorado Springs                 El Paso                        CO        80906       Column         82,628
62        Aurora                           Portage                        OH        44202       Column         74,687
63        Lexington                        Davidson                       NC        27292       Column         46,624
64        Owings Mills                     Baltimore                      MD        21117       Column         71,185
65        Lincoln                          Lancaster                      NE        68516       Column            138
66        Silverthorne                     Summit                         CO        80498       Column          4,900
67        Gahanna                          Franklin                       OH        43230       Column            112
68        Irving                           Dallas                         TX        75060       Column            113
69        San Francisco                    San Francisco                  CA        94102       Column         10,970
70        Dallas                           Dallas                         TX        75238       Column            114
71        Austin                           Travis                         TX        78753       Column            112
72        Houston                          Harris                         TX        77092       Column         72,142
73        Frederick                        Frederick                      MD        21703        PNC           13,433
74        Burbank                          Los Angeles                    CA        91505        PNC           25,775
75        Houston                          Harris                         TX        77036       Column         64,158
76        Houston                          Harris                         TX        77036       Column         75,141
77        Houston                          Harris                         TX        77098       Column             77
78        Winter Park                      Orange                         FL        32792       Column         33,934
79        Dallas                           Dallas                         TX        75204       Column             80
80        Winston-Salem                    Forsyth                        NC        27103       Column             88
81        Burbank                          Los Angeles                    CA        91505        PNC           22,723
82        Rantoul                          Champaign                      IL        61866       Column            152
83        Brea                             Orange                         CA        92821        PNC           11,660
84        San Antonio                      Bexar                          TX        78210       Column            196
85        North Miami                      Dade                           FL        33160       Column             50
86        Philadelphia                     Montgomery                     PA        19146       Column             20
87        Lenexa                           Johnson                        KS        66219        PNC               16
88        Winston-Salem                    Forsyth                        NC        27106       Column            144
89        Philadelphia                     Montgomery                     PA        19106       Column             29
90        Oklahoma City                    Oklahoma                       OK        73112        PNC               44
91        Austin                           Travis                         TX        78722       Column             60
92        Peoria                           Maricopa                       AZ        85345       Column             80
93        Linden                           Union                          NJ        07036       Column             21
94        Corona                           Riverside                      CA        92880       Column         41,260
95        Clearwater                       Pinellas                       FL        33756       Column             48
96        Arlington                        Tarrant                        TX        76011       Column         60,500
97        El Dorado                        Union                          AR        71730        PNC               64
98        Delray Beach                     Palm Beach                     FL        33483       Column         20,170
99        Philadelphia                     Montgomery                     PA        19103       Column              7
100       Barberton                        Summit                         OH        44203       Column            128
101       El Dorado                        Union                          AR        71730        PNC               64
102       Fort Lauderdale                  Broward                        FL        33309       Column         11,943
103       Santa Monica                     Los Angeles                    CA        90403       Column              6
104       Arlington                        Arlington                      VA        22209       Column              7
105       Perry                            Houston                        GA        31069       Column             82
106       Edmond                           Oklahoma                       OK        73013        PNC               12
</TABLE>

[TABLE CONTINUED]

<TABLE>
<CAPTION>
            ORIGINAL            CUT-OFF        AMORT.    AMORT.       TERM TO   INTEREST     TRUSTEE     INTEREST
 #          BALANCE           BALANCE (1)      TERM      TERM      MATURITY (7)   RATE        FEES         RATE
------------------------------------------------------------------------------------------------------------------------
<S>       <C>                 <C>               <C>       <C>          <C>       <C>         <C>         <C>
 1        $79,000,000         $79,000,000       360       360          120       5.882%      0.0525%     5.8292%
 2        $65,000,000         $65,000,000       300       300          120       6.510%      0.0525%     6.4575%
 3        $61,125,000         $61,079,180       360       359          119       7.450%      0.0525%     7.3975%
 4        $45,400,000         $45,277,992       360       356          116       7.330%      0.0925%     7.2375%
 5        $35,000,000         $34,948,681       360       358          118       6.950%      0.0525%     6.8975%
 6        $33,200,000         $33,176,473       360       359          119       7.730%      0.0525%     7.6775%
 7        $33,000,000         $32,958,849       360       358          118       7.600%      0.0525%     7.5475%
 8        $24,000,000         $23,940,527       360       356           56       7.650%      0.0525%     7.5975%
 9        $23,000,000         $23,000,000       336       336          118       6.970%      0.0525%     6.9175%
10        $22,200,000         $22,135,143       360       356          116       6.990%      0.1025%     6.8875%
11        $19,300,000         $19,300,000       360       360          120       7.710%      0.1025%     7.6075%
12        $18,250,000         $18,215,885       360       357          117       7.850%      0.0525%     7.7975%
13        $18,000,000         $18,000,000       360       360          120       7.570%      0.0825%     7.4875%
13A
13B
13C
14        $18,000,000         $17,974,926       360       358          118       7.160%      0.0925%     7.0675%
15        $15,950,000         $15,950,000       360       360          117       7.030%      0.0825%     6.9475%
16        $15,000,000         $14,969,608       360       357          117       7.510%      0.0525%     7.4575%
17        $14,900,000         $14,900,000       360       360          119       7.370%      0.1025%     7.2675%
18        $13,000,000         $12,970,652       360       357          117       7.040%      0.0725%     6.9675%
19        $11,500,000         $11,500,000       360       360          120       7.500%      0.1025%     7.3975%
20        $11,212,000         $11,212,000       300       300          120       7.370%      0.1525%     7.2175%
21        $10,150,000         $10,137,473       360       358          118       7.640%      0.0525%     7.5875%
22         $9,550,000         $9,550,000        360       360          118       7.030%      0.0825%     6.9475%
23         $9,200,000         $9,200,000        300       300          120       6.510%      0.0525%     6.4575%
24         $8,700,000         $8,680,625        360       357          117       7.100%      0.0525%     7.0475%
24A
24B
25         $8,700,000         $8,675,011        360       356          116       7.060%      0.0525%     7.0075%
26         $8,000,000         $7,977,133        360       356           56       7.080%      0.0525%     7.0275%
26A
26B
27         $7,640,000         $7,640,000        360       360          119       7.370%      0.1025%     7.2675%
28         $7,250,000         $7,240,701        360       358          118       7.490%      0.0525%     7.4375%
29         $7,025,000         $6,997,981        360       355          115       7.390%      0.0525%     7.3375%
30         $6,700,000         $6,681,128        360       356          116       7.140%      0.0525%     7.0875%
31         $6,550,000         $6,524,808        360       355          115       7.390%      0.0525%     7.3375%
32         $6,420,000         $6,411,470        360       358          118       7.350%      0.0825%     7.2675%
33         $6,300,000         $6,287,765        360       357          117       7.690%      0.1325%     7.5575%
34         $6,200,000         $6,182,149        360       356          116       7.050%      0.0525%     6.9975%
35         $6,128,000         $6,120,859        360       358          118       7.860%      0.0825%     7.7775%
36         $6,050,000         $6,037,713        360       357          117       7.500%      0.0525%     7.4475%
37         $2,500,000         $2,492,234        300       297          117       7.720%      0.0525%     7.6675%
38         $1,600,000         $1,595,030        300       297          117       7.720%      0.0525%     7.6675%
39         $1,200,000         $1,196,272        300       297          117       7.720%      0.0525%     7.6675%
40           $650,000           $647,981        300       297          117       7.720%      0.0525%     7.6675%
41         $5,850,000         $5,821,946        360       354          114       7.000%      0.1125%     6.8875%
42         $5,800,000         $5,787,083        360       357          117       7.100%      0.0525%     7.0475%
43         $5,700,000         $5,688,151        360       357          117       7.400%      0.0525%     7.3475%
44         $5,700,000         $5,687,306        360       357          117       7.100%      0.0525%     7.0475%
45         $5,600,000         $5,583,408        300       297          117       7.980%      0.0825%     7.8975%
46         $5,320,000         $5,313,298        360       358          118       7.560%      0.0825%     7.4775%
47         $2,816,000         $2,812,183        360       358          118       7.270%      0.0525%     7.2175%
48         $2,472,000         $2,468,649        360       358          118       7.270%      0.0525%     7.2175%
49         $5,150,000         $5,139,821        300       298          118       7.760%      0.1325%     7.6275%
50         $5,100,000         $5,089,521        360       357          117       7.450%      0.0525%     7.3975%
51         $5,100,000         $5,089,200        360       357          117       7.320%      0.0525%     7.2675%
52         $5,100,000         $5,084,889        300       297          117       7.980%      0.0825%     7.8975%
53         $5,000,000         $4,989,314        360       357          117       7.280%      0.0825%     7.1975%
54         $5,000,000         $4,988,763        360       357          117       7.060%      0.0525%     7.0075%
55         $4,900,000         $4,896,290        360       359          119       7.400%      0.1325%     7.2675%
56         $4,500,000         $4,486,980        360       356           56       7.030%      0.0525%     6.9775%
57         $4,250,000         $4,250,000        360       360          119       7.370%      0.1025%     7.2675%
58         $4,200,000         $4,200,000        360       360          119       7.370%      0.1025%     7.2675%
59         $4,150,000         $4,140,374        360       357          117       6.920%      0.0525%     6.8675%
60         $4,025,000         $4,019,254        360       358          118       7.060%      0.0525%     7.0075%
61         $4,000,000         $3,994,986        360       358          118       7.580%      0.0525%     7.5275%
62         $4,000,000         $3,989,622        360       356          116       7.470%      0.0525%     7.4175%
63         $3,900,000         $3,884,480        312       308          116       7.260%      0.0525%     7.2075%
64         $3,800,000         $3,788,741        300       297          117       7.980%      0.0825%     7.8975%
65         $3,750,000         $3,742,384        360       357          117       7.500%      0.0525%     7.4475%
66         $3,525,000         $3,518,645        360       357          117       8.000%      0.0525%     7.9475%
67         $3,300,000         $3,300,000        360       360          117       7.070%      0.0525%     7.0175%
68         $3,150,000         $3,137,619        360       355          115       7.280%      0.0525%     7.2275%
69         $3,200,000         $3,110,786        192       182          110       7.250%      0.0525%     7.1975%
70         $3,100,000         $3,091,311        360       356           56       7.160%      0.0525%     7.1075%
71         $3,100,000         $3,090,680        300       297          117       7.900%      0.0525%     7.8475%
72         $2,800,000         $2,796,372        360       358          118       7.450%      0.0525%     7.3975%
73         $2,600,000         $2,584,493        360       352          112       7.250%      0.1325%     7.1175%
74         $2,500,000         $2,498,107        360       359          119       7.400%      0.1025%     7.2975%
75         $2,450,000         $2,446,826        360       358          118       7.450%      0.0525%     7.3975%
76         $2,400,000         $2,396,890        360       358          118       7.450%      0.0525%     7.3975%
77         $2,400,000         $2,393,757        360       356          116       7.460%      0.0525%     7.4075%
78         $2,340,000         $2,330,863        360       354          114       7.960%      0.0525%     7.9075%
79         $2,300,000         $2,294,374        360       356          116       7.700%      0.0525%     7.6475%
80         $2,240,000         $2,234,805        360       357          117       6.920%      0.0525%     6.8675%
81         $2,210,000         $2,208,327        360       359          119       7.400%      0.1025%     7.2975%
82         $2,125,000         $2,121,018        360       357          117       7.840%      0.0525%     7.7875%
83         $2,088,000         $2,088,000        360       360          120       7.480%      0.1125%     7.3675%
84         $1,960,000         $1,954,824        360       356          116       7.400%      0.0525%     7.3475%
85         $1,840,000         $1,836,527        360       357          117       7.810%      0.0525%     7.7575%
86         $1,830,000         $1,827,653        360       358          118       7.490%      0.0525%     7.4375%
87         $1,800,000         $1,798,576        360       359          105       7.180%      0.0825%     7.0975%
88         $1,800,000         $1,794,479        300       297          117       7.790%      0.0525%     7.7375%
89         $1,780,000         $1,773,221        360       355          115       7.440%      0.0525%     7.3875%
90         $1,700,000         $1,700,000        360       360          120       7.360%      0.1825%     7.1775%
91         $1,600,000         $1,593,697        360       354           54       7.920%      0.0525%     7.8675%
92         $1,500,000         $1,492,991        360       353          113       7.680%      0.0525%     7.6275%
93         $1,485,000         $1,481,461        360       356          116       7.800%      0.0525%     7.7475%
94         $1,450,000         $1,447,315        360       357          117       7.890%      0.0525%     7.8375%
95         $1,440,000         $1,438,048        360       358          118       7.270%      0.0525%     7.2175%
96         $1,400,000         $1,398,474        360       358          118       8.110%      0.0525%     8.0575%
97         $1,334,000         $1,334,000        360       360          180       7.400%      0.1325%     7.2675%
98         $1,275,000         $1,272,411        300       298          118       7.620%      0.0525%     7.5675%
99         $1,180,000         $1,178,487        360       358          118       7.490%      0.0525%     7.4375%
100        $1,080,000         $1,074,552        240       237          117       7.790%      0.0525%     7.7375%
101        $1,069,000         $1,069,000        360       360          180       7.400%      0.1325%     7.2675%
102        $1,000,000           $996,261        300       296          116       8.080%      0.0525%     8.0275%
103          $900,000           $899,295        360       359          119       7.230%      0.0525%     7.1775%
104          $850,000           $848,221        360       357          117       7.370%      0.0525%     7.3175%
105          $720,000           $716,947        264       261          117       7.600%      0.0525%     7.5475%
106          $408,000           $406,406        360       355          175       7.310%      0.1325%     7.1775%

          ------------      ------------                                         ------
          $896,962,000      $895,698,613                                         7.186%
          ============      ============                                         ======
</TABLE>

[TABLE CONTINUED]

<TABLE>
<CAPTION>
                                          FIRST
      INTEREST CALCULATION               MONTHLY     PAYMENT     MATURITY                  PREPAYMENT PROVISION
 #    (30/360/ACTUAL/360)                PAYMENT      DATE        DATE       ARD (8)       AS OF ORIGINATION (9)    DEFEASANCE (10)
-----------------------------------------------------------------------------------------------------------------------------------
<S>       <C>                           <C>          <C>         <C>         <C>           <C>                            <C>
 1        Actual/360                    $467,653     8/11/02     7/11/32     7/11/12       Lock/117_0%/3                  Yes
 2          30/360                      $439,291     8/11/02     7/11/12        N/A        Lock/114_0%/6                  Yes
 3        Actual/360                    $425,304     7/11/02     6/11/32     6/11/12       Lock/116_0%/4                  Yes
 4        Actual/360                    $312,175     4/11/02     3/11/32     3/11/12       Lock/117_0%/3                  Yes
 5        Actual/360                    $231,682     6/11/02     5/11/32     5/11/12       Lock/117_0%/3                  Yes
 6        Actual/360                    $237,390     7/11/02     6/11/32     6/11/12       Lock/117_0%/3                  Yes
 7        Actual/360                    $233,005     6/11/02     5/11/32     5/11/12       Lock/117_0%/3                  Yes
 8        Actual/360                    $170,283     4/11/02     3/11/07        N/A        Lock/57_0%/3                   Yes
 9        Actual/360                    $155,856     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
10        Actual/360                    $147,548      4/1/02      3/1/12        N/A        Lock/35_YM1/81_0%/4             No
11        Actual/360                    $137,734      8/1/02      7/1/12        N/A        Lock/113_0%/7                  Yes
12        Actual/360                    $132,009     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
13        ACTUAL/360                    $126,723      8/1/02      7/1/12        N/A        LOCK/116_0%/4                  YES
13A
13B
13C
14        Actual/360                    $121,695      6/1/02      5/1/12        N/A        Lock/116_0%/4                  Yes
15        Actual/360                    $106,437      5/1/02      4/1/12        N/A        Lock/116_0%/4                  Yes
16        Actual/360                    $104,985     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
17        Actual/360                    $102,860      7/1/02      6/1/12        N/A        Lock/116_0%/4                  Yes
18        Actual/360                     $86,839      5/1/02      4/1/12        N/A        Lock/116_0%/4                  Yes
19        Actual/360                     $80,410      8/1/02      7/1/12        N/A        Lock/116_0%/4                  Yes
20        Actual/360                     $81,910      8/1/02      7/1/12        N/A        Lock/116_0%/4                  Yes
21        Actual/360                     $71,946     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
22        Actual/360                     $63,729      6/1/02      5/1/12        N/A        Lock/116_0%/4                  Yes
23          30/360                       $62,177     8/11/02     7/11/12        N/A        Lock/114_0%/6                  Yes
24        ACTUAL/360                     $58,467     5/11/02     4/11/12        N/A        LOCK/117_0%/3                  YES
24A
24B
25        Actual/360                     $58,232     4/11/02     3/11/12        N/A        Lock/117_0%/3                  Yes
26        ACTUAL/360                     $53,655     4/11/02     3/11/07        N/A        LOCK/54_0%/6                   YES
26A
26B
27        Actual/360                     $52,742      7/1/02      6/1/12        N/A        Lock/116_0%/4                  Yes
28        Actual/360                     $50,643     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
29        Actual/360                     $48,592     3/11/02     2/11/12        N/A        Lock/114_0%/6                  Yes
30        Actual/360                     $45,207     4/11/02     3/11/12        N/A        Lock/114_0%/6                  Yes
31        Actual/360                     $45,306     3/11/02     2/11/12        N/A        Lock/114_0%/6                  Yes
32        Actual/360                     $44,232      6/1/02      5/1/12        N/A        Lock/116_0%/4                  Yes
33        Actual/360                     $44,873      5/1/02      4/1/12        N/A        Lock/59_YM1/57_0%/4             No
34        Actual/360                     $41,457     4/11/02     3/11/12        N/A        Lock/117_0%/3                  Yes
35        Actual/360                     $44,368      6/1/02      5/1/12        N/A        Lock/59_YM1/54_0%/7             No
36        Actual/360                     $42,302     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
37        Actual/360                     $18,834     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
38        Actual/360                     $12,054     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
39        Actual/360                      $9,040     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
40        Actual/360                      $4,897     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
41        Actual/360                     $38,920      2/1/02      1/1/12        N/A        Lock/116_0%/4                  Yes
42        Actual/360                     $38,978     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
43        Actual/360                     $39,466     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
44        Actual/360                     $38,306     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
45        Actual/360                     $43,148      5/1/02      4/1/12        N/A        Lock/47_YM1/70_0%/3             No
46        Actual/360                     $37,417      6/1/02      5/1/12        N/A        Lock/59_YM1/54_0%/7             No
47        Actual/360                     $19,248     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
48        Actual/360                     $16,897     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
49        Actual/360                     $38,933      6/1/02      5/1/12        N/A        Lock/116_0%/4                  Yes
50        Actual/360                     $35,485     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
51        Actual/360                     $35,033     5/11/02     4/11/32     4/11/12       Lock/117_0%/3                  Yes
52        Actual/360                     $39,295      5/1/02      4/1/12        N/A        Lock/47_YM1/70_0%/3             No
53        Actual/360                     $34,211      5/1/02      4/1/12        N/A        Lock/116_0%/4                  Yes
54        Actual/360                     $33,467     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
55        Actual/360                     $33,927      7/1/02      6/1/12        N/A        Lock/59_YM1/57_0%/4             No
56        Actual/360                     $30,029     4/11/02     3/11/07        N/A        Lock/54_0%/6                   Yes
57        Actual/360                     $29,339      7/1/02      6/1/12        N/A        Lock/116_0%/4                  Yes
58        Actual/360                     $28,994      7/1/02      6/1/12        N/A        Lock/116_0%/4                  Yes
59        Actual/360                     $27,387     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
60        Actual/360                     $26,941     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
61        Actual/360                     $28,188     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
62        Actual/360                     $27,886     4/11/02     3/11/32     3/11/12       Lock/117_0%/3                  Yes
63        Actual/360                     $27,834     4/11/02     3/11/28     3/11/12       Lock/117_0%/3                  Yes
64        Actual/360                     $29,279      5/1/02      4/1/12        N/A        Lock/47_YM1/70_0%/3             No
65        Actual/360                     $26,221     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
66        Actual/360                     $25,865     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
67        Actual/360                     $22,110     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
68        Actual/360                     $21,553     3/11/02     2/11/12        N/A        Lock/117_0%/3                  Yes
69        Actual/360                     $28,207    10/11/01     9/11/11        N/A        Lock/117_0%/3                  Yes
70        Actual/360                     $20,959     4/11/02     3/11/07        N/A        Lock/54_0%/6                   Yes
71        Actual/360                     $23,721     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
72        Actual/360                     $19,482     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
73        Actual/360                     $17,737     12/1/01     11/1/11        N/A        Lock/116_0%/4                  Yes
74        Actual/360                     $17,310      7/1/02      6/1/12        N/A        Lock/115_0%/5                  Yes
75        Actual/360                     $17,047     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
76        Actual/360                     $16,699     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
77        Actual/360                     $16,715     4/11/02     3/11/12        N/A        Lock/114_0%/6                  Yes
78        Actual/360                     $17,105     2/11/02     1/11/12        N/A        Lock/114_0%/6                  Yes
79        Actual/360                     $16,398     4/11/02     3/11/12        N/A        Lock/114_0%/6                  Yes
80        Actual/360                     $14,783     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
81        Actual/360                     $15,302      7/1/02      6/1/12        N/A        Lock/115_0%/5                  Yes
82        Actual/360                     $15,356     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
83        Actual/360                     $14,571      8/1/02      7/1/12        N/A        Lock/116_0%/4                  Yes
84        Actual/360                     $13,571     4/11/02     3/11/12        N/A        Lock/40_YM1/77_0%/3             No
85        Actual/360                     $13,258     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
86        Actual/360                     $12,783     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
87        Actual/360                     $12,194      7/1/02      4/1/11        N/A        Lock/102_0%/4                  Yes
88        Actual/360                     $13,643     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
89        Actual/360                     $12,373     3/11/02     2/11/12        N/A        Lock/114_0%/6                  Yes
90        Actual/360                     $11,724      8/1/02      7/1/12        N/A        Lock/116_0%/4                  Yes
91        Actual/360                     $11,651     2/11/02     1/11/07        N/A        Lock/54_0%/6                   Yes
92        Actual/360                     $10,674     1/11/02    12/11/11        N/A        Lock/117_0%/3                  Yes
93        Actual/360                     $10,690     4/11/02     3/11/12        N/A        Lock/114_0%/6                  Yes
94        Actual/360                     $10,529     5/11/02     4/11/12        N/A        Lock/117_0%/3                  Yes
95        Actual/360                      $9,843     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
96        Actual/360                     $10,380     6/11/02     5/11/12        N/A        Lock/117_0%/3                  Yes
97        Actual/360                      $9,236      8/1/02      7/1/17        N/A        Lock/176_0%/4                  Yes
98        Actual/360                      $9,522     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
99        Actual/360                      $8,243     6/11/02     5/11/12        N/A        Lock/114_0%/6                  Yes
100       Actual/360                      $8,893     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
101       Actual/360                      $7,402      8/1/02      7/1/17        N/A        Lock/176_0%/4                  Yes
102       Actual/360                      $7,771     4/11/02     3/11/12        N/A        Lock/114_0%/6                  Yes
103       Actual/360                      $6,127     7/11/02     6/11/12        N/A        Lock/114_0%/6                  Yes
104       Actual/360                      $5,868     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
105       Actual/360                      $5,622     5/11/02     4/11/12        N/A        Lock/114_0%/6                  Yes
106       Actual/360                      $2,800      3/1/02      2/1/17        N/A        Lock/176_0%/4                  Yes

                                      ----------
                                      $6,145,086
                                      ==========
</TABLE>

[TABLE CONTINUED]

<TABLE>
<CAPTION>
                                                                           LETTER
            LETTER OF                                                     OF CREDIT
 #           CREDIT                                                      DESCRIPTION
-----------------------------------------------------------------------------------------------------------------------------------
<S>        <C>            <C>
 1             N/A                                                           N/A
 2             N/A                                                           N/A
 3             N/A                                                           N/A
 4             N/A                                                           N/A
 5             N/A                                                           N/A
 6             N/A                                                           N/A
 7             N/A                                                           N/A
 8         $1,500,000           Release upon event of a default by the property manager to remit revenue sharing to borrower.
 9             N/A                                                           N/A
10             N/A                                                           N/A
11             N/A                                                           N/A
12             N/A                                                           N/A
13         $10,848,756                                SECURITY DEPOSIT/TENANT LEASE PAYMENT GUARANTEES
13A
13B
13C
14             N/A                                                           N/A
15             N/A                                                           N/A
16             N/A                                                           N/A
17             N/A                                                           N/A
18             N/A                                                           N/A
19          $500,000                                               Quorex Letter of Credit
20             N/A                                                           N/A
21             N/A                                                           N/A
22             N/A                                                           N/A
23             N/A                                                           N/A
24             N/A                                                           N/A
24A
24B
25             N/A                                                           N/A
26             N/A                                                           N/A
26A
26B
27             N/A                                                           N/A
28             N/A                                                           N/A
29             N/A                                                           N/A
30             N/A                                                           N/A
31             N/A                                                           N/A
32             N/A                                                           N/A
33             N/A                                                           N/A
34             N/A                                                           N/A
35             N/A                                                           N/A
36             N/A                                                           N/A
37             N/A                                                           N/A
38             N/A                                                           N/A
39             N/A                                                           N/A
40             N/A                                                           N/A
41             N/A                                                           N/A
42             N/A                                                           N/A
43             N/A                                                           N/A
44             N/A                                                           N/A
45             N/A                                                           N/A
46             N/A                                                           N/A
47             N/A                                                           N/A
48             N/A                                                           N/A
49             N/A                                                           N/A
50             N/A                                                           N/A
51             N/A                                                           N/A
52             N/A                                                           N/A
53             N/A                                                           N/A
54           $51,250                   Replacement Reserve LOC for $29,500 and Tax & Insurance Reserve LOC for $21,750
55             N/A                                                           N/A
56             N/A                                                           N/A
57             N/A                                                           N/A
58             N/A                                                           N/A
59             N/A                                                           N/A
60             N/A                                                           N/A
61             N/A                                                           N/A
62             N/A                                                           N/A
63             N/A                                                           N/A
64             N/A                                                           N/A
65             N/A                                                           N/A
66           $25,000             To secure tax and insurance direct payment of tax and insurance obligations of the tenants.
67             N/A                                                           N/A
68             N/A                                                           N/A
69             N/A                                                           N/A
70             N/A                                                           N/A
71             N/A                                                           N/A
72             N/A                                                           N/A
73             N/A                                                           N/A
74             N/A                                                           N/A
75             N/A                                                           N/A
76             N/A                                                           N/A
77             N/A                                                           N/A
78             N/A                                                           N/A
79             N/A                                                           N/A
80             N/A                                                           N/A
81             N/A                                                           N/A
82             N/A                                                           N/A
83             N/A                                                           N/A
84             N/A                                                           N/A
85             N/A                                                           N/A
86             N/A                                                           N/A
87             N/A                                                           N/A
88             N/A                                                           N/A
89             N/A                                                           N/A
90             N/A                                                           N/A
91             N/A                                                           N/A
92             N/A                                                           N/A
93             N/A                                                           N/A
94             N/A                                                           N/A
95             N/A                                                           N/A
96             N/A                                                           N/A
97             N/A                                                           N/A
98           $50,000      Released upon achieving (1) an average DSCR of 1.32 and (2) an occupancy of 92% or greater during 2
                                                               consecutive 12-month periods.
99             N/A                                                           N/A
100            N/A                                                           N/A
101            N/A                                                           N/A
102            N/A                                                           N/A
103            N/A                                                           N/A
104            N/A                                                           N/A
105            N/A                                                           N/A
106            N/A                                                           N/A
</TABLE>

[TABLE CONTINUED]

<TABLE>
<CAPTION>
        OWNERSHIP     LOAN            EARTHQUAKE          ENVIRONMENTAL
 #      INTEREST      TYPE       INSURANCE (Y,N,N/A)     INSURANCE (Y/N)
--------------------------------------------------------------------------------
<S>     <C>          <C>                <C>                  <C>
 1         Fee         ARD                N/A                   No
 2         Fee       Balloon              N/A                   No
 3         Fee         ARD                N/A                   No
 4         Fee         ARD                N/A                   No
 5         Fee         ARD                N/A                   No
 6         Fee         ARD                N/A                   No
 7         Fee         ARD                No                    No
 8         Fee       Balloon              N/A                   No
 9         Fee       Balloon              N/A                   No
10         Fee       Balloon              N/A                   No
11         Fee       Balloon              No                    No
12         Fee       Balloon              N/A                   No
13         Fee       Balloon            Various              Various
13A        Fee       Balloon              N/A                   No
13B        Fee       Balloon              N/A                   No
13C        Fee       Balloon              N/A                   No
14         Fee       Balloon              No                    No
15         Fee       Balloon              N/A                   No
16         Fee       Balloon              N/A                   No
17         Fee       Balloon              N/A                   No
18         Fee       Balloon              N/A                   No
19         Fee       Balloon              No                    No
20         Fee       Balloon              N/A                   No
21         Fee       Balloon              No                    No
22         Fee       Balloon              N/A                   No
23         Fee       Balloon              N/A                   No
24         Fee       Balloon              N/A                   No
24A        Fee       Balloon              N/A                   No
24B        Fee       Balloon              N/A                   No
25         Fee       Balloon              N/A                   No
26         Fee       Balloon              N/A                   No
26A        Fee       Balloon              N/A                   No
26B        Fee       Balloon              N/A                   No
27         Fee       Balloon              N/A                   No
28         Fee       Balloon              N/A                   No
29         Fee       Balloon              N/A                   No
30         Fee       Balloon              N/A                   No
31         Fee       Balloon              N/A                   No
32         Fee       Balloon              N/A                   No
33         Fee       Balloon              No                    No
34         Fee       Balloon              N/A                   No
35         Fee       Balloon              No                    No
36         Fee       Balloon              N/A                   No
37         Fee       Balloon              N/A                  Yes
38         Fee       Balloon              N/A                  Yes
39         Fee       Balloon              N/A                  Yes
40         Fee       Balloon              N/A                  Yes
41         Fee       Balloon              N/A                   No
42         Fee       Balloon              N/A                   No
43         Fee       Balloon              N/A                   No
44         Fee       Balloon              N/A                   No
45         Fee       Balloon              N/A                   No
46         Fee       Balloon              No                    No
47         Fee       Balloon              N/A                  Yes
48         Fee       Balloon              N/A                  Yes
49         Fee       Balloon              N/A                   No
50         Fee       Balloon              N/A                   No
51         Fee         ARD                N/A                   No
52         Fee       Balloon              N/A                   No
53         Fee       Balloon              N/A                   No
54         Fee       Balloon              N/A                   No
55         Fee       Balloon              N/A                   No
56         Fee       Balloon              N/A                   No
57         Fee       Balloon              N/A                   No
58         Fee       Balloon              N/A                   No
59         Fee       Balloon              N/A                   No
60         Fee       Balloon              N/A                   No
61         Fee       Balloon              N/A                   No
62         Fee         ARD                N/A                   No
63         Fee         ARD                N/A                   No
64         Fee       Balloon              N/A                   No
65         Fee       Balloon              N/A                   No
66         Fee       Balloon              N/A                  Yes
67         Fee       Balloon              N/A                   No
68         Fee       Balloon              N/A                   No
69         Fee       Balloon              No                    No
70         Fee       Balloon              N/A                   No
71         Fee       Balloon              N/A                  Yes
72         Fee       Balloon              N/A                   No
73         Fee       Balloon              N/A                   No
74         Fee       Balloon              Yes                  Yes
75         Fee       Balloon              N/A                   No
76         Fee       Balloon              N/A                   No
77         Fee       Balloon              N/A                  Yes
78         Fee       Balloon              N/A                  Yes
79         Fee       Balloon              N/A                  Yes
80         Fee       Balloon              N/A                   No
81         Fee       Balloon              Yes                  Yes
82         Fee       Balloon              N/A                  Yes
83         Fee       Balloon              No                   Yes
84         Fee       Balloon              N/A                  Yes
85         Fee       Balloon              N/A                  Yes
86         Fee       Balloon              N/A                  Yes
87         Fee       Balloon              N/A                  Yes
88         Fee       Balloon              N/A                  Yes
89         Fee       Balloon              N/A                  Yes
90         Fee       Balloon              N/A                  Yes
91         Fee       Balloon              N/A                  Yes
92         Fee       Balloon              N/A                   No
93         Fee       Balloon              N/A                  Yes
94         Fee       Balloon              No                    No
95         Fee       Balloon              N/A                  Yes
96         Fee       Balloon              N/A                   No
97         Fee       Balloon              N/A                  Yes
98         Fee       Balloon              N/A                  Yes
99         Fee       Balloon              N/A                  Yes
100        Fee       Balloon              N/A                  Yes
101        Fee       Balloon              N/A                  Yes
102        Fee       Balloon              N/A                  Yes
103        Fee       Balloon              Yes                  Yes
104        Fee       Balloon              N/A                  Yes
105        Fee       Balloon              N/A                  Yes
106        Fee       Balloon              N/A                  Yes
</TABLE>

Total/Weighted Average:

(A)  The Underlying Mortgage Loans secured by Saratoga Springs, Willowbrook
     Apartments, Winshire Square Apartments, and Hunters Run are
     cross-collateralized and cross-defaulted.
(B)  The Underlying Mortgage Loans secured by Oakwood Estates Apartments and
     Waterside Village are cross-collateralized and cross-defaulted.
(1)  Assumes a Cut-off Date in July 2002.
(2)  Does not include the parking garage property.
(3)  In the case of cross-collateralized and cross-defaulted Underlying Mortgage
     Loans, the combined LTV is presented for each and every related Underlying
     Mortgage Loan.
(4)  At maturity with respect to Balloon Loans or at the ARD in the case of ARD
     Loans. There can be no assurance that the value of any particular Mortgaged
     Property will not have declined from the original appraisal value.
(5)  Underwritten NCF reflects the Net Cash Flow after U/W Replacement Reserves,
     U/W LC's and TI's and U/W FF&E.
(6)  U/W DSCR is based on the amount of the monthly payments presented. In the
     case of cross-collateralized and cross-defaulted Underlying Mortgage Loans
     the combined U/W DSCR is presented for each and every related Underlying
     Mortgage Loan
(7)  In the case of the ARD Loans, the anticipated repayment date is assumed to
     be the maturity date for the purposes of the indicated column.
(8)  Anticipated Repayment Date.
(9)  Prepayment Provision as of Origination:
     Lock/(x) = Lockout or Defeasance for (x) payments
     YMA/(y) = Greater of Yield Maintenance Premium and A% Prepayment for
     (y) payments
     0%/(x) = Prepayable at par for (x) payments
(10) "Yes" means that defeasance is permitted notwithstanding the Lockout
     Period.

<PAGE>

                                                                     EXHIBIT C-1

                 FORM OF QIB INVESTMENT REPRESENTATION LETTER --
                          QUALIFIED INSTITUTIONAL BUYER

LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Asset-Backed Securities Trust Services Group-CSFB Series 2002-CP3

Credit Suisse First Boston Mortgage Securities Corp.
Eleven Madison Avenue
New York, New York  10010
Attention:  Real Estate Finance and Securitization Group

     Re:   Transfer of Credit Suisse First Boston Mortgage Securities Corp.
           ----------------------------------------------------------------
           Commercial Mortgage Pass-Through Certificates, Series 2002-CP3
           --------------------------------------------------------------

Ladies and Gentlemen:

                  This letter is delivered pursuant to the Confidential Offering
Circular (the "Offering Circular") dated as of July 18, 2002 and to Section 5.02
of the Pooling and Servicing Agreement dated as of July 1, 2002 (the "Pooling
and Servicing Agreement"), by and among Credit Suisse First Boston Mortgage
Securities Corp., as Depositor, Midland Loan Services Inc., as Master Servicer,
Clarion Partners, LLC, as Special Servicer, ABN AMRO Bank N.V., as Fiscal Agent,
and LaSalle Bank National Association, as Trustee, on behalf of the holders of
Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage
Pass-Through the Certificates, Series 2002-CP3 (the "Certificates") in
connection with the transfer by __________________________________ to the
undersigned (the "Purchaser") of $ aggregate [Certificate Balance] [Notional
Balance] of Class ___ Certificates (the "Certificate"). Capitalized terms used
and not otherwise defined herein shall have the respective meanings assigned to
such terms in the Pooling and Servicing Agreement.

                  In connection with such transfer, unless otherwise directed by
the Depositor, the Purchaser hereby represents and warrants to you and the
addressees hereof as follows:

                  1. The Purchaser is a "qualified institutional buyer" within
the meaning of Rule 144A ("Rule 144A") promulgated under the Securities Act of
1933, as amended (the "Securities Act"). The Purchaser is aware that the
transfer is being made in reliance on Rule 144A, and the Purchaser has had the
opportunity to obtain the information required to be provided pursuant to
paragraph (d)(4)(i) of Rule 144A.

                  2. The Purchaser's intention is to acquire the Certificate (a)
for investment for the Purchaser's own account, (b) for resale to "qualified
institutional buyers" in transactions under Rule 144A or (c) for resale to
persons that are not "U.S. persons" within the meaning of Regulation S under the
Securities Act, and not in any event with the view to, or for resale in
connection with, any distribution thereof. The Purchaser understands that the
Certificate (and any subsequent Certificate) has not been registered under the
Securities Act, by reason of a specified exemption from the registration
provisions of the Securities Act which depends upon, among other things, the
bona fide nature of the Purchaser's investment intent (or intent to resell to
only certain investors in certain exempted transactions), as expressed herein.

                  3. The Purchaser has reviewed the Offering Circular and the
agreements and other materials referred to therein and has had the opportunity
to ask questions and receive answers concerning the terms and conditions of the
transactions contemplated by the Offering Circular.

                  4. The Purchaser acknowledges that the Certificate (and any
Certificate issued on transfer or exchange thereof) has not been registered or
qualified under the Securities Act or the securities laws of any State or any
other jurisdiction, and that the Certificate cannot be resold unless it is
registered or qualified thereunder, or unless an exemption from such
registration or qualification is available.

                  5. The Purchaser hereby undertakes to be bound by the terms
and conditions of the Pooling and Servicing Agreement in its capacity as an
owner of a Certificate or Certificates, as the case may be (each, a
"Certificateholder"), in all respects as if it were a signatory thereto. This
undertaking is made for the benefit of the Trust, the Trustee and all
Certificateholders present and future.

                  6. The Purchaser will not sell or otherwise transfer any
portion of the Certificate or Certificates, except in compliance with Section
5.02 of the Pooling and Servicing Agreement.

                  7. With respect to any Class of Class A-X, Class A-SP, Class
E, Class F or Class G, (so long as such Class is rated at least "BBB-" by either
Rating Agency; and any other Class that is rated at least "BBB-" by either
Rating Agency) being acquired by or on behalf of an employee benefit plan or
other retirement arrangement, including an individual retirement account or a
Keogh plan, which is subject to Title I of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Code, or a
governmental plan (as defined in Section 3(32) of ERISA) that is subject to any
Federal, State or local law (a "Similar Law"), which is, to a material extent,
similar to the foregoing provisions of ERISA or the Code (each, a "Plan"), the
Purchaser is acquiring such Certificates by or on behalf of a Plan in reliance
on Prohibited Transaction Exemption ("PTE") 89-90, as amended by PTE 97-34 and
PTE 2000-58.

                  8. With respect to the purchase of any Class of Class H, Class
J, Class K, Class L, Class M, Class N or Class O Certificates (unless such Class
is then rated at least "BBB-" by either Rating Agency), the Purchaser is not and
will not be a Plan or any person acting on behalf of any such Plan or using the
assets of any such Plan to purchase such classes of Certificates, unless the
Purchaser is an insurance company using assets of its general account and its
acquisition, holding and disposition of such Certificates is exempt by reason of
Sections I and III of Department of Labor Prohibited Transaction Class Exemption
95-60.

                  9. The Purchaser understands that if it is a Person referred
to in 8 above, such Purchaser is required to provide to the Trustee an opinion
of counsel or other certification in form and substance satisfactory to the
Trustee and the Depositor to the effect that the acquisition and holding of such
Certificate by such purchaser or transferee will not constitute or result in a
non-exempt prohibited transaction under ERISA, Section 4975 of the Code or any
Similar Law and will not subject the Trustee, the Master Servicer, the Special
Servicer, the Initial Purchasers or the Depositor to any obligation or liability
(including obligations or liabilities under ERISA, Section 4975 of the Code or
any Similar Law) in addition to those set forth in the Pooling and Servicing
Agreement, which opinion of counsel or certification shall not be at the expense
of the Depositor, the Master Servicer, the Special Servicer, the Trustee or the
Trust Fund.

                  10. In the event that we purchase any of the Certificates, we
will acquire Certificates having a minimum purchase price of not less than
[$10,000] [in the case of the Class N and Class O Certificates, $100,000] for
our own account or for any separate account for which we are acting.

                  11. Check one of the following:

                  _____ We are a "U.S. Person" and we have attached hereto an
Internal Revenue Service ("IRS") Form W-9 (or successor form).

                  _____ We are not a "U.S. Person" and under applicable law in
effect on the date hereof, no Taxes will be required to be withheld by the
Certificate Registrar (or its agent) with respect to distributions to be made on
the Certificates. We have attached hereto either (i) a duly executed IRS Form
W-8BEN (or successor form), which identifies us as the beneficial owner of the
Certificates and states that we are not a U.S. Person or (ii) two duly executed
copies of IRS Form W-8ECI (or successor form), which identify us as the
beneficial owner of the Certificates and state that and interest and original
issue discount on the Certificates is, or is expected to be, effectively
connected with a U.S. trade or business. We agree to provide the Certificate
Registrar updated IRS Forms W-8BEN or IRS Forms W-8ECI, as the case may be, any
applicable successor IRS forms, or such other certifications as the Certificate
Registrar may reasonably request, on or before the date that any such IRS form
or certification expires or becomes obsolete, or promptly after the occurrence
of any event requiring a change in the most recent IRS form or certification
furnished by it to the Certificate Registrar.

                  For this purpose, "U.S. Person" means a citizen or resident of
the United States for U.S. federal income tax purposes, a corporation or
partnership (except to the extent provided in applicable Treasury Regulations)
created or organized in or under the laws of the United States, any state or the
District of Columbia, including any entity treated as a corporation or
partnership for federal income tax purposes, an estate the income of which is
subject to U.S. federal income taxation regardless of its source, or a trust if
a court within the United States is able to exercise primary supervision over
the administration of such trust, and one or more United States fiduciaries have
the authority to control all substantial decisions of such trust (or, to the
extent provided in applicable Treasury Regulations, certain trusts in existence
on August 20, 1996 which are eligible to elect to be treated as U.S. Persons).

<PAGE>

                  IN WITNESS WHEREOF, the Purchaser hereby executes this
Qualified Institutional Buyer Representation Letter on the [_____] day of
[________________, _____].

                                         Very truly yours,

                                         [THE PURCHASER]

                                         By:____________________________________
                                            Name:
                                            Title:

<PAGE>

                                                                     EXHIBIT C-2

            FORM OF REGULATION S INVESTMENT REPRESENTATION LETTER --
                                 NON-U.S. PERSON

LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Asset-Backed Securities Trust Services Group-CSFB Series 2002-CP3

Credit Suisse First Boston Mortgage Securities Corp.
Eleven Madison Avenue
New York, New York  10010
Attention:  Real Estate Finance and Securitization Group

     Re:   Transfer of Credit Suisse First Boston Mortgage Securities Corp.
           ----------------------------------------------------------------
           Commercial Mortgage Pass-Through Certificates, Series 2002-CP3
           --------------------------------------------------------------

Ladies and Gentlemen:

                  This letter is delivered pursuant to the Confidential Offering
Circular (the "Offering Circular") dated as of July 18, 2002 and to Section 5.02
of the Pooling and Servicing Agreement dated as of July 1, 2002 (the "Pooling
and Servicing Agreement"), by and among Credit Suisse First Boston Mortgage
Securities Corp., as Depositor, Midland Loan Services Inc., as Master Servicer,
Clarion Partners, LLC, as Special Servicer, ABN AMRO Bank N.V., as Fiscal Agent,
and LaSalle Bank National Association, as Trustee, on behalf of the holders of
Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage
Pass-Through the Certificates, Series 2002-CP3 (the "Certificates") in
connection with the transfer by ______________________________ to the
undersigned (the "Purchaser") of $ aggregate [Certificate Balance] [Notional
Balance] of Class ___Certificates (the "Certificate"). Capitalized terms used
and not otherwise defined herein shall have the respective meanings assigned to
such terms in the Pooling and Servicing Agreement.

                  In connection with such transfer, unless otherwise directed by
the Depositor, the Purchaser hereby represents and warrants to you and the
addressees hereof as follows:

                  1. The Purchaser is not a "U.S. person" within the meaning of
Regulation S (a "Non-U.S. Person") under the Securities Act of 1933, as amended
(the "Securities Act").

                  2. The Purchaser's intention is to acquire the Certificate (a)
for investment for the Purchaser's own account, (b) for resale to Non-U.S.
Persons in transactions under Regulation S or (c) for resale to "qualified
institutional buyers" in transactions under Rule 144A under the Securities Act,
and not in any event with the view to, or for resale in connection with, any
distribution thereof. The Purchaser understands that the Certificate (and any
subsequent Certificate) has not been registered under the Securities Act, by
reason of a specified exemption from the registration provisions of the
Securities Act which depends upon, among other things, the bona fide nature of
the Purchaser's investment intent (or intent to resell to only certain investors
in certain exempted transactions), as expressed herein.

                  3. The Purchaser has reviewed the Offering Circular and the
agreements and other materials referred to therein and has had the opportunity
to ask questions and receive answers concerning the terms and conditions of the
transactions contemplated by the Offering Circular.

                  4. The Purchaser acknowledges that the Certificate (and any
Certificate issued on transfer or exchange thereof) has not been registered or
qualified under the Securities Act or the securities laws of any State or any
other jurisdiction, and that the Certificate cannot be resold unless it is
registered or qualified thereunder, or unless an exemption from such
registration or qualification is available.

                  5. The Purchaser hereby undertakes to be bound by the terms
and conditions of the Pooling and Servicing Agreement in its capacity as an
owner of a Certificate or Certificates, as the case may be (each, a
"Certificateholder"), in all respects as if it were a signatory thereto. This
undertaking is made for the benefit of the Trust, the Trustee and all
Certificateholders present and future.

                  6. The Purchaser will not sell or otherwise transfer any
portion of the Certificate or Certificates, except in compliance with Section
5.02 of the Pooling and Servicing Agreement.

                  7. The Purchaser is not a U.S. Person and under applicable law
in effect on the date hereof, no taxes will be required to be withheld by the
Trustee (or its agent) with respect to distributions to be made on the
Certificate. The Purchaser has attached hereto either (i) a duly executed IRS
Form W-8BEN (or successor form), which identifies such Purchaser as the
beneficial owner of the Certificate and states that such Purchaser is not a U.S.
Person or (ii) two duly executed copies of IRS Form W-8ECI (or successor form),
which identify such Purchaser as the beneficial owner of the Certificate and
state that interest and original issue discount on the Certificate and Permitted
Investments is, or is expected to be, effectively connected with a U.S. trade or
business. The Purchaser agrees to provide to the Trustee updated IRS Forms
W-8BEN or IRS Forms W-8ECI, as the case may be, any applicable successor IRS
forms, or such other certifications as the Trustee may reasonably request, on or
before the date that any such IRS form or certification expires or becomes
obsolete, or promptly after the occurrence of any event requiring a change in
the most recent IRS form of certification furnished by it to the Trustee.

                  For this purpose, "U.S. Person" means (i) a citizen or
resident of the United States, (ii) a corporation or partnership organized in or
under the laws of the United States, any state thereof or the District of
Columbia, (iii) an estate the income of which is includible in gross income for
United States tax purposes, regardless of its source or (iv) a trust if a court
within the United States is able to exercise primary supervision of the
administration of the trust and one or more United States persons have the
authority to control all substantial decisions of the trust.

                  8. With respect to any Class of Class A-X, Class A-SP, Class
E, Class F or Class G, Certificates (so long as such Class is rated "BBB-" by
either Rating Agency; and any other Class that is rated at least "BBB-" by
either Rating Agency) being acquired by or on behalf of an employee benefit plan
or other retirement arrangement, including an individual retirement account or a
Keogh plan, which is subject to Title I of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Code, or a
governmental plan (as defined in Section 3(32) of ERISA) that is subject to any
Federal, State or local law (a "Similar Law"), which is, to a material extent,
similar to the foregoing provisions of ERISA or the Code (each, a "Plan"), the
Purchaser is acquiring such Certificates by or on behalf of a Plan in reliance
on Prohibited Transaction Exemption ("PTE") 89-90, as amended by PTE 97-34 and
PTE 2000-58.

                  9. With respect to the purchase of any Class of Class H, Class
J, Class K, Class L, Class M, Class N or Class O Certificates (unless such Class
is then rated at least "BBB-" by either Rating Agency), the Purchaser is not and
will not be a Plan or any person acting on behalf of any such Plan or using the
assets of any such Plan to purchase such classes of Certificates, unless the
Purchaser is an insurance company using assets of its general account and its
acquisition, holding and disposition of such Certificates is exempt by reason of
Sections I and III of Department of Labor Prohibited Transaction Class Exemption
95-60.

                  10. The Purchaser understands that if it is a Person referred
to in 9 above, such Purchaser is required to provide to the Trustee an opinion
of counsel or other certification in form and substance satisfactory to the
Trustee and the Depositor to the effect that the acquisition and holding of such
Certificate by such purchaser or transferee will not constitute or result in a
non-exempt prohibited transaction under ERISA, Section 4975 of the Code or any
Similar Law and will not subject the Trustee, the Master Servicer, the Special
Servicer, the Initial Purchasers or the Depositor to any obligation or liability
(including obligations or liabilities under ERISA, Section 4975 of the Code or
any Similar Law) in addition to those set forth in the Pooling and Servicing
Agreement, which opinion of counsel or other certification shall not be at the
expense of the Depositor, the Master Servicer, the Special Servicer, the Trustee
or the Trust Fund.

                  11. In the event that we purchase any of the Certificates, we
will acquire Certificates having a minimum purchase price of not less than
[$10,000] [in the case of Class N or Class O, Certificates, $100,000] for our
own account or for any separate account for which we are acting.

<PAGE>

                  IN WITNESS WHEREOF, the Purchaser hereby executes this
Regulation S Investment Representation Letter on the [_____] day of
[_____________, _____].

                                         Very truly yours,

                                         [THE PURCHASER]

                                         By:
                                            ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                                                     EXHIBIT C-3

                        FORM OF REPRESENTATION LETTER --
                        INSTITUTIONAL ACCREDITED INVESTOR

LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Asset-Backed Securities Trust Services Group-CSFB Series 2002-CP3

Credit Suisse First Boston Mortgage Securities Corp.
Eleven Madison Avenue
New York, New York  10010
Attention:  Real Estate Finance and Securitization Group

     Re:   Transfer of Credit Suisse First Boston Mortgage Securities Corp.
           ----------------------------------------------------------------
           Commercial Mortgage Pass-Through Certificates, Series 2002-CP3
           --------------------------------------------------------------

Ladies and Gentlemen:

                  This letter is delivered pursuant to the Confidential Offering
Circular (the "Offering Circular") dated as of July 18, 2002 and to Section 5.02
of the Pooling and Servicing Agreement dated as of July 1, 2002 (the "Pooling
and Servicing Agreement"), by and among Credit Suisse First Boston Mortgage
Securities Corp., as Depositor, Midland Loan Services Inc., as Master Servicer,
Clarion Partners, LLC, as Special Servicer, ABN AMRO Bank N.V., as Fiscal Agent,
and LaSalle Bank National Association, as Trustee, on behalf of the holders of
Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates, Series 2002-CP3 (the "Certificates") in connection
with the transfer by __________________________ to the undersigned (the
"Purchaser") of $_____________________ aggregate [Certificate Balance] [Notional
Balance] of Class O Certificates (the "Certificate"). Capitalized terms used and
not otherwise defined herein shall have the respective meanings assigned to such
terms in the Pooling and Servicing Agreement.

                  In connection with such transfer, unless otherwise directed by
the Depositor, the Purchaser hereby represents and warrants to you and the
addressees hereof as follows:

                  1. We are an institutional "accredited investor" (as defined
in Rule 501(a)(1), (2) or (3) under the Securities Act of 1933, as amended (the
"Act"), or an entity in which all of the equity owners are accredited investors
within the meaning of Rule 501(a)(1), (2) or (3) under the Act (an "Accredited
Investor") and we are acquiring the Certificates for investment purposes and not
with a view to, or for offer or sale in connection with, any distribution in
violation of the Act, and have such knowledge and experience in financial and
business matters as to be capable of evaluating the merits and risks of our
investment in the Certificates, and we and any accounts for which we are acting
are each able to bear the economic risk of our or their investment.

                  2. (A) any purchase of the Certificate by the Purchaser will
be for its own account or for the account of one or more other accredited
investors or as fiduciary for the account of one or more trusts, each of which
is an "accredited investor" within the meaning of Rule 501(a)(7) under the Act
and for each of which the Purchaser exercises sole investment discretion or (B)
the Purchaser is a "bank," within the meaning of Section 3(a)(2) of the Act, or
a "savings and loan association" or other institution described in Section
3(a)(5)(A) of the Act that is acquiring the Certificate as fiduciary for the
account of one or more institutions for which the Purchaser exercises sole
investment discretion.

                  3. The Purchaser has received and reviewed the Confidential
Offering Circular relating to the Certificate (the "Offering Circular") and the
agreements and other materials referred to therein and has had the opportunity
to ask questions and receive answers concerning the terms and conditions of the
transactions contemplated by the Offering Circular.

                  4. The Purchaser acknowledges that the Certificate (and any
Certificate issued on transfer or exchange thereof) has not been registered or
qualified under the Securities Act or the securities laws of any State or any
other jurisdiction, and that the Certificate cannot be resold unless it is
registered or qualified thereunder or unless an exemption from such registration
or qualification is available.

                  5. The Purchaser hereby undertakes to be bound by the terms
and conditions of the Pooling and Servicing Agreement in its capacity as an
owner of a Certificate or Certificates, as the case may be (each a
"Certificateholder", in all respects as if it were a signatory thereto. This
undertaking is made for the benefit of the Trust, the Trustee and all
Certificateholders present and future.

                  6. The Purchaser will not sell or otherwise transfer any
portion of the Certificate or Certificates, except in compliance with Section
5.02 of the Pooling and Servicing Agreement.

                  7. The Purchaser is not (a) an employee benefit plan subject
to the fiduciary responsibility provisions of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal
Revenue Code of 1986, as amended (the "Code"), or a governmental plan (as
defined in Section 3(32) of ERISA) subject to any federal, state or local law (a
"Similar Law"), which is, to a material extent, similar to the foregoing
provisions of ERISA or the Code (each, a "Plan"), or (b) a person acting on
behalf of or using the assets of any such Plan (including an entity whose
underlying assets include Plan assets by reason of investment in the entity by
such Plan and the application of Department of Labor Regulation Section
2510.3-101), other than an insurance company using the assets of its general
account under circumstances whereby the purchase and holding of the Certificates
by such insurance company would be eligible for the exemptive relief from the
prohibited transaction provisions of ERISA and Section 4975 of the Code that is
available under Sections I and III of Prohibited Transaction Class Exemption
95-60.

                  8. The Purchaser understands that if it is a Person referred
to in 7(a) or (b) above, such Purchaser is required to provide to the Trustee an
opinion of counsel or other certification in form and substance satisfactory to
the Trustee and the Depositor to the effect that the acquisition and holding of
such Certificate by such purchaser or transferee will not constitute or result
in a non-exempt prohibited transaction under ERISA, Section 4975 of the Code or
any Similar Law, and will not subject the Trustee, the Master Servicer, the
Special Servicer, the Initial Purchasers or the Depositor to any obligation or
liability (including obligations or liabilities under ERISA, Section 4975 of the
Code or any Similar Law) in addition to those set forth in the Pooling and
Servicing Agreement, which opinion of counsel or other certification shall not
be at the expense of the Depositor, the Master Servicer, the Special Servicer,
the Trustee or the Trust Fund.

                  9. In the event that we purchase any of the Certificates, we
will acquire Certificates having a minimum purchase price of not less than
[$10,000] [in the case of Class N and Class O, Certificates, $100,000] for our
own account or for any separate account for which we are acting.

                  10. Check one of the following:

                  _____ We are a "U.S. Person" and we have attached hereto an
Internal Revenue Service ("IRS") Form W-9 (or successor form).

                  _____ We are not a "U.S. Person" and under applicable law in
effect on the date hereof, no Taxes will be required to be withheld by the
Certificate Registrar (or its agent) with respect to distributions to be made on
the Certificates. We have attached hereto either (i) a duly executed IRS Form
W-8BEN (or successor form), which identifies us as the beneficial owner of the
Certificates and states that we are not a U.S. Person or (ii) two duly executed
copies of IRS Form W-8ECI (or successor form), which identify us as the
beneficial owner of the Certificates and state that and interest and original
issue discount on the Certificates is, or is expected to be, effectively
connected with a U.S. trade or business. We agree to provide the Certificate
Registrar updated IRS Forms W-8BEN or IRS Forms W-8ECI, as the case may be, any
applicable successor IRS forms, or such other certifications as the Certificate
Registrar may reasonably request, on or before the date that any such IRS form
or certification expires or becomes obsolete, or promptly after the occurrence
of any event requiring a change in the most recent IRS form or certification
furnished by it to the Certificate Registrar.

                  For this purpose, "U.S. Person" means a citizen or resident of
the United States for U.S. federal income tax purposes, a corporation or
partnership (except to the extent provided in applicable Treasury Regulations)
created or organized in or under the laws of the United States, any state or the
District of Columbia, including any entity treated as a corporation or
partnership for federal income tax purposes, an estate the income of which is
subject to U.S. federal income taxation regardless of its source, or a trust if
a court within the United States is able to exercise primary supervision over
the administration of such trust, and one or more United States fiduciaries have
the authority to control all substantial decisions of such trust (or, to the
extent provided in applicable Treasury Regulations, certain trusts in existence
on August 20, 1996 which are eligible to elect to be treated as U.S. Persons).

<PAGE>

                  IN WITNESS WHEREOF, the Purchaser hereby executes this
Accredited Investor Investment Representation Letter on the [______] day of
[___________, _____].

                                         Very truly yours,

                                         [THE PURCHASER]

                                         By:____________________________________
                                            Name:
                                            Title:

<PAGE>

                                                                     EXHIBIT D-1

                           FORM OF TRANSFER AFFIDAVIT

        AFFIDAVIT PURSUANT TO SECTION 860E(e)(4) OF THE INTERNAL REVENUE
                            CODE OF 1986, AS AMENDED

STATE OF               )
                       )  ss:
COUNTY OF              )

                  [Name of Officer], being first duly sworn, deposes and says:

                  1. That [he] [she] is a [Title of Officer] of [Name of
Transferee] (the "Transferee"), a [description of type of entity] duly organized
and existing under the laws of the State [Commonwealth] of [ ], on behalf of
which he makes this affidavit.

                  2. That the Transferee's Taxpayer Identification Number is
[    ].

                  3. That the Transferee of the Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series
2002-CP3, Class R Certificates (the "Class R Certificate") (i) is not a
Disqualified Organization, an ERISA Prohibited Holder, or a Non-U.S. Person (as
defined in Article I of the Pooling and Servicing Agreement, dated as of July 1,
2002, by and among Credit Suisse First Boston Mortgage Securities Corp., as
Depositor, Midland Loan Services, Inc., as Master Servicer, Clarion Partners,
LLC, as Special Servicer, ABN AMRO Bank N.V., as fiscal agent, and LaSalle Bank
National Association, as Trustee (the "Pooling and Servicing Agreement") and
will endeavor to remain other that a Disqualified Organization and other than a
Non-U.S. Person for so long as it retains its ownership interest in the Class R
Certificate, or (ii) is acquiring the Class R Certificate for the account of, or
as agent (including as a broker, nominee, or other middleman) for, a Person
other than a Disqualified Organization or a Non-U.S. Person.

                  4. That the Transferee historically has paid its debts as they
have come due and intends to pay its debts as they come due in the future and
the Transferee intends to pay taxes associated with holding the Class R
Certificate as they become due.

                  5. That the Transferee understands that it may incur tax
liabilities with respect to the Class R Certificate in excess of any cash flow
generated by the Class R Certificate.

                  6. That the Transferee agrees not to transfer the Class R
Certificate to any Person or entity unless (a) the Transferee has received from
such Person or entity an affidavit substantially in the form of this Transfer
Affidavit, and (b) the Transferee provides to the Certificate Registrar a letter
substantially in the form of Exhibit D-2 to the Pooling and Servicing Agreement
certifying that it has no actual knowledge that such Person or entity is a
Disqualified Organization or an Agent thereof, an ERISA Prohibited Holder or a
Non-U.S. Person and that it has no reason to know that such Person or entity
does not satisfy the requirements set forth in paragraph 4 hereof.

                  7. That the Transferee agrees to such amendments of the
Pooling and Servicing Agreement as may be required to further effectuate the
restrictions on transfer of the Class R Certificate to a Disqualified
Organization or an Agent thereof, an ERISA Prohibited Holder or a Non-U.S.
Person. To the extent not defined herein, the capitalized terms used herein
shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

                  8. That, if a "tax matters person" is required to be
designated with respect to any REMIC Pool created under the Pooling and
Servicing Agreement, the Transferee agrees to act as "tax matters person" and to
perform the functions of "tax matters person" of such REMIC Pool pursuant to
Section 10.01(c) of the Pooling and Servicing Agreement, and agrees to the
irrevocable designation of the Master Servicer as the Transferee's agent in
performing the function of "tax matters person."

                  9. The Transferee has reviewed, and agrees to be bound by and
to abide by, the provisions of Section 5.02(d) of the Pooling and Servicing
Agreement concerning registration of the transfer and exchange of Class R
Certificates.

                  10. Select one of the following, if applicable:

                      -- The Transferee will not cause income from the Residual
Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Transferee
or any other person.

                      -- The Transferee has computed any consideration paid to
it to acquire the Class R Certificate in accordance with U.S. Treasury
Regulations Sections 1.860E-1(c)(7) and (8) by computing present values using a
discount rate equal to the short-term Federal rate prescribed by Section 1274(d)
of the Code and the compounding period used by the Transferee.

                      -- The transfer of the Class R Certificate complies with
U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

                      (i)   the Transferee is an "eligible corporation," as
                            defined in U.S. Treasury Regulations Section
                            1.860E-1(c)(6)(i), as to which income from Class R
                            Certificate will only be taxed in the United States;

                      (ii)  at the time of the transfer, and at the close of the
                            Transferee's two fiscal years preceding the year of
                            the transfer, the Transferee had gross assets for
                            financial reporting purposes (excluding any
                            obligation of a person related to the Transferee
                            within the meaning of U.S. Treasury Regulation
                            Section 1.860E-1(c)(c)(ii)) in excess of $100
                            million and net assets in excess of $10 million;

                      (iii) the Transferee will transfer the Class R Certificate
                            only to another "eligible corporation," as defined
                            in U.S. Treasury Regulation Section
                            1.860E-1(c)(6)(i), in a transaction that satisfies
                            the requirements of Sections 1.860E-1(c)(4)(i), (ii)
                            and (iii) and 1.860E-1(c)(5); and

                      (iv)  the Transferee determined the consideration paid to
                            it to acquire the Class R Certificate based on
                            reasonable market assumptions (including, but not
                            limited to, borrowing and investment rates,
                            prepayment and loss assumptions, expense and
                            reinvestment assumptions, tax rates and other
                            factors specific to the Transferee) that it has
                            determined in good faith.

     [Reserved]

<PAGE>

                  IN WITNESS WHEREOF, the Transferee has caused this instrument
to be executed on its behalf, by its [Title of Officer] this ____ of ______,
20__.

                                         [NAME OF TRANSFEREE]

                                         By:____________________________________
                                            [Name of Officer]
                                            [Title of Officer]

                  Personally appeared before me the above-named [Name of
Officer], known or proved to me to be the same person who executed the foregoing
instrument and to be the [Title of Officer] of the Transferee, and acknowledged
to me that [he] [she] executed the same as [his] [her] free act and deed and the
free act and deed of the Transferee.

                  Subscribed and sworn before me this ____ day of ______ 20__.

                  -------------------------------

NOTARY PUBLIC

COUNTY OF
          -------------------------

STATE OF
         ----------------------------

                  My commission expires the ___ day of __________, 20__.

<PAGE>

                                                                     EXHIBIT D-1

                           FORM OF TRANSFER AFFIDAVIT

        AFFIDAVIT PURSUANT TO SECTION 860E(e)(4) OF THE INTERNAL REVENUE
                            CODE OF 1986, AS AMENDED

STATE OF          )
                  )  ss:
COUNTY OF         )

                  [Name of Officer], being first duly sworn, deposes and says:

                  1. That [he] [she] is a [Title of Officer] of [Name of
Transferee] (the "Transferee"), a [description of type of entity] duly organized
and existing under the laws of the State [Commonwealth] of [ ], on behalf of
which he makes this affidavit.

                  2. That the Transferee's Taxpayer Identification Number is [
].

                  3. That the Transferee of the Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series
2002-CP3, Class LR Certificates (the "Class LR Certificate") (i) is not a
Disqualified Organization, an ERISA Prohibited Holder, or a Non-U.S. Person (as
defined in Article I of the Pooling and Servicing Agreement, dated as of July 1,
2002, by and among Credit Suisse First Boston Mortgage Securities Corp., as
Depositor, Midland Loan Services, Inc., as Master Servicer, Clarion Partners,
LLC, as Special Servicer, ABN AMRO Bank N.V., as fiscal agent, and LaSalle Bank
National Association, as Trustee (the "Pooling and Servicing Agreement") and
will endeavor to remain other that a Disqualified Organization and other than a
Non-U.S. Person for so long as it retains its ownership interest in the Class LR
Certificate, or (ii) is acquiring the Class LR Certificate for the account of,
or as agent (including as a broker, nominee, or other middleman) for, a Person
other than a Disqualified Organization or a Non-U.S. Person.

                  4. That the Transferee historically has paid its debts as they
have come due and intends to pay its debts as they come due in the future and
the Transferee intends to pay taxes associated with holding the Class LR
Certificate as they become due.

                  5. That the Transferee understands that it may incur tax
liabilities with respect to the Class LR Certificate in excess of any cash flow
generated by the Class LR Certificate.

                  6. That the Transferee agrees not to transfer the Class LR
Certificate to any Person or entity unless (a) the Transferee has received from
such Person or entity an affidavit substantially in the form of this Transfer
Affidavit, and (b) the Transferee provides to the Certificate Registrar a letter
substantially in the form of Exhibit D-2 to the Pooling and Servicing Agreement
certifying that it has no actual knowledge that such Person or entity is a
Disqualified Organization or an Agent thereof, an ERISA Prohibited Holder or a
Non-U.S. Person and that it has no reason to know that such Person or entity
does not satisfy the requirements set forth in paragraph 4 hereof.

                  7. That the Transferee agrees to such amendments of the
Pooling and Servicing Agreement as may be required to further effectuate the
restrictions on transfer of the Class LR Certificate to a Disqualified
Organization or an Agent thereof, an ERISA Prohibited Holder or a Non-U.S.
Person. To the extent not defined herein, the capitalized terms used herein
shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

                  8. That, if a "tax matters person" is required to be
designated with respect to any REMIC Pool created under the Pooling and
Servicing Agreement, the Transferee agrees to act as "tax matters person" and to
perform the functions of "tax matters person" of such REMIC Pool pursuant to
Section 10.01(c) of the Pooling and Servicing Agreement, and agrees to the
irrevocable designation of the Master Servicer as the Transferee's agent in
performing the function of "tax matters person."

                  9. The Transferee has reviewed, and agrees to be bound by and
to abide by, the provisions of Section 5.02(d) of the Pooling and Servicing
Agreement concerning registration of the transfer and exchange of Class LR
Certificates.

                  10. Select one of the following, if applicable:

                  -- The Transferee will not cause income from the Residual
Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Transferee
or any other person.

                  -- The Transferee has computed any consideration paid to it to
acquire the Class R Certificate in accordance with U.S. Treasury Regulations
Sections 1.860E-1(c)(7) and (8) by computing present values using a discount
rate equal to the short-term Federal rate prescribed by Section 1274(d) of the
Code and the compounding period used by the Transferee.

                  -- The transfer of the Class R Certificate complies with U.S.
Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

                  (i)   the Transferee is an "eligible corporation," as defined
                        in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i),
                        as to which income from Class R Certificate will only be
                        taxed in the United States;

                  (ii)  at the time of the transfer, and at the close of the
                        Transferee's two fiscal years preceding the year of the
                        transfer, the Transferee had gross assets for financial
                        reporting purposes (excluding any obligation of a person
                        related to the Transferee within the meaning of U.S.
                        Treasury Regulation Section 1.860E-1(c)(c)(ii)) in
                        excess of $100 million and net assets in excess of $10
                        million;

                  (iii) the Transferee will transfer the Class R Certificate
                        only to another "eligible corporation," as defined in
                        U.S. Treasury Regulation Section 1.860E-1(c)(6)(i), in a
                        transaction that satisfies the requirements of Sections
                        1.860E-1(c)(4)(i), (ii) and (iii) and 1.860E-1(c)(5);
                        and

                  (iv)  the Transferee determined the consideration paid to it
                        to acquire the Class R Certificate based on reasonable
                        market assumptions (including, but not limited to,
                        borrowing and investment rates, prepayment and loss
                        assumptions, expense and reinvestment assumptions, tax
                        rates and other factors specific to the Transferee) that
                        it has determined in good faith.

    [Reserved]

<PAGE>

                  IN WITNESS WHEREOF, the Transferee has caused this instrument
to be executed on its behalf, by its [Title of Officer] this ____ of ______,
20__.

                                         [NAME OF TRANSFEREE]

                                         By:____________________________________
                                            [Name of Officer]
                                            [Title of Officer]

                  Personally appeared before me the above-named [Name of
Officer], known or proved to me to be the same person who executed the foregoing
instrument and to be the [Title of Officer] of the Transferee, and acknowledged
to me that [he] [she] executed the same as [his] [her] free act and deed and the
free act and deed of the Transferee.

                  Subscribed and sworn before me this ____ day of ______ 20__.

                  ------------------------------

NOTARY PUBLIC

COUNTY OF
          ---------------------------

STATE OF
         ----------------------------

                  My commission expires the ___ day of __________, 20__.

<PAGE>

                                                                     EXHIBIT D-2

                            FORM OF TRANSFEROR LETTER

                                                                          [Date]
LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Asset-Backed Securities Trust Services Group-CSFB Series 2002-CP3

     Re:   Credit Suisse First Boston Mortgage Securities Corp. Commercial
           Mortgage Pass-Through Certificates, Series 2002-CP3
           ---------------------------------------------------------------

Ladies and Gentlemen:

                  [Transferor] has reviewed the attached affidavit of
[Transferee], and, after a reasonable investigation of the financial condition
of the [Transferee], has no actual knowledge that such affidavit is not true and
has no reason to know that the requirements set forth in paragraphs 3, 4 and 10
thereof are not satisfied or that the information contained in paragraphs 3, 4
and thereof is not true.

                                         Very truly yours,

                                         [Transferor]

                                         ---------------------------------------
                                         Name:

<PAGE>

                                                                       EXHIBIT E

                             LIST OF MEZZANINE LOANS

                                      NONE

<PAGE>

                                                                       EXHIBIT F

                           FORM OF REQUEST FOR RELEASE

                                                                          [DATE]

LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Asset-Backed Securities Trust Services Group-CSFB Series 2002-CP3

Credit Suisse First Boston Mortgage Securities Corp.
Eleven Madison Avenue
New York, New York 10010
Attention:  Principal Transactions Group

     Re:   Credit Suisse First Boston Mortgage Securities Corp.
           Commercial Mortgage Pass-Through Certificates, Series 2002-CP3
           REQUEST FOR RELEASE
           --------------------------------------------------------------

Dear _______________,

                  In connection with the administration of the Mortgage Files
held by or on behalf of you as Trustee under a certain Pooling and Servicing
Agreement dated as of July 1, 2002 (the "Pooling and Servicing Agreement"), by
and among Credit Suisse First Boston Mortgage Securities Corp., as Depositor,
Midland Loan Services Inc. [(the undersigned)], as Master Servicer and Clarion
Partners, LLC [(the undersigned)] as Special Servicer, ABN AMRO Bank N.V., as
Fiscal Agent, and you, as Trustee, the undersigned hereby requests a release of
the Mortgage File (or the portion thereof specified below) held by or on behalf
of you as Custodian with respect to the following described Loan for the reason
indicated below.

                  Mortgagor's Name:

                  Address:

                  Loan No.:

                  If only particular documents in the Mortgage File are
requested, please specify which:

                  Reason for requesting file (or portion thereof):

                  _____1. Loan paid in full. The [Servicer] [Special Servicer]
                  hereby certifies that all amounts received in connection with
                  the Loan have been or will be credited to the Collection
                  Account pursuant to the Pooling and Servicing Agreement.

                  _____2. The Loan is being foreclosed.

                  _____3. Other. (Describe)

                  The undersigned acknowledges that the above Mortgage File (or
requested portion thereof) will be held by the undersigned in accordance with
the provisions of the Pooling and Servicing Agreement and will be returned to
you or your designee within ten days of our receipt thereof, unless the Loan has
been paid in full, in which case the Mortgage File (or such portion thereof)
will be retained by us permanently, unless the Loan is being foreclosed, in
which case the Mortgage File (or such portion thereof) will be returned when no
longer required by us for such purpose.

                  Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Pooling and Servicing Agreement.

                                         [MIDLAND LOAN SERVICES INC.]

                                         [CLARION PARTNERS, LLC]

                                         By:____________________________________
                                            Name:
                                            Title:

<PAGE>

                                                                       EXHIBIT G

                                   [RESERVED]

<PAGE>

                                                                       EXHIBIT H

                         FORM OF AFFIDAVIT OF LOST NOTE

STATE OF            )
                    )  ss.:
COUNTY OF           )

                  _____________________, ___________________, being duly sworn,
deposes and says:

                  1. that he/she is an authorized signatory of
_________________________ (the "Noteholder");

                  2. that the Noteholder is the owner and holder of a mortgage
loan in the original principal amount of $_______________ secured by a mortgage
(the "Mortgage") on the premises known as ___________________, located in
__________________________;

                  3. that the Noteholder, after having conducted a diligent
investigation of its records and files, has been unable to locate the following
original note and believes that said original note has been lost, misfiled,
misplaced or destroyed due to a clerical error:

                     a note in the original sum of $_____ made by _____________,
                     to __________________________, under date of (the "Note");

                  4. that the Note is now owned and held by the Noteholder;

                  5. that the Note has not been paid-off, satisfied, assigned,
transferred, encumbered, endorsed, pledged, hypothecated, or otherwise disposed
of and that the original Note has been either lost, misfiled, misplaced or
destroyed;

                  6. that no other person, firm, corporation or other entity has
any right, title, interest or claim in the Note except the Noteholder; and

                  7. upon assignment of the Note by the Noteholder to Credit
Suisse First Boston Mortgage Securities Corp. (the "Depositor" or the
"Purchaser") and subsequent assignment by the Depositor to the Trustee for the
benefit of the holders of the Credit Suisse First Boston Mortgage Securities
Corp. Commercial Mortgage Pass-Through Certificates, Series 2002-CP3 (the
"Trustee") (which assignment may, at the discretion of the Depositor, be made
directly by the Noteholder to the Trustee) the Noteholder covenants and agrees
(a) to promptly deliver to the Trustee the original Note if it is subsequently
found, and (b) to indemnify and hold harmless the Trustee and its successors and
assigns from and against any and all costs, expenses and monetary losses arising
as a result of the Noteholder's or the Depositor's failure to deliver said
original Note to the Trustee.

                               NAME OF NOTEHOLDER

                                         By:____________________________________
                                         Authorized Signatory

Sworn to before me this
_________ day of ____________, 20__

<PAGE>

                                                                       EXHIBIT I

                             INVESTOR CERTIFICATION

                                                                           Date:
LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Asset-Backed Securities Trust Services Group-CSFB Series 2002-CP3

                  In accordance with Section 4.02 of the Pooling and Servicing
Agreement, dated as of July 1, 2002 (the "Agreement"), among Credit Suisse First
Boston Mortgage Securities Corp. as Depositor, Midland Loan Services, Inc., as
Servicer, Clarion Partners, LLC, as Special Servicer, ABN AMRO Bank N.V., as
Fiscal Agent, and you, as Trustee, with respect to the Credit Suisse First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series 2002-CP3 (the "Certificates"), the undersigned hereby certifies and
agrees as follows:

1.    The undersigned is a beneficial owner or prospective purchaser of the
      Class ____ Certificates.

2.    The undersigned is requesting, pursuant to Section 4.02 of the Agreement,
      is requesting access to certain information (the "Information") on the
      Trustee's website and/or is requesting the information identified on the
      schedule attached hereto (also, the "Information") pursuant to Section
      4.02 of the Agreement.

3.    In consideration of the Trustee's disclosure to the undersigned of the
      Information, or providing access in connection therewith, the undersigned
      will keep the Information confidential (except from such outside persons
      as are assisting it in making an evaluation in connection with purchasing
      the related Certificates, from its accountants and attorneys, and
      otherwise from such governmental or banking authorities or agencies to
      which the undersigned is subject), and such Information will not, without
      the prior written consent of the Trustee, be otherwise disclosed by the
      undersigned or by its officers, directors, partners, employees, agents or
      representatives (collectively, the "Representatives") in any manner
      whatsoever, in whole or in part; provided that the undersigned may provide
      all or any part of the Information to any other person or entity that
      holds or is contemplating the purchase of any Certificate or interest
      therein, but only if such person or entity confirms in writing such
      ownership interest or prospective ownership interest and agrees to keep it
      confidential.

4.    The undersigned will not use or disclose the Information in any manner
      which could result in a violation of any provision of the Securities Act
      of 1933, as amended (the "Securities Act"), or the Securities Exchange Act
      of 1934, as amended, or would require registration of any Certificate
      pursuant to Section 5 of the Securities Act.

5.    The undersigned shall be fully liable for any breach of this agreement by
      itself or any of its Representatives and shall indemnify the Depositor,
      the Trustee, the Fiscal Agent and the Trust Fund for any loss, liability
      or expense incurred thereby with respect to any such breach by the
      undersigned or any of its Representatives.

6.    Capitalized terms used but not defined herein shall have the respective
      meanings assigned thereto in the Agreement.

                  IN WITNESS WHEREOF, the undersigned has caused its name to be
signed hereto by its duly authorized signatory, as of the day and year written
above.

                                         ---------------------------------------
                                         Beneficial Owner or Prospective
                                         Purchaser

                                         Name: _________________________________
                                         Title: ________________________________
                                         Company:_______________________________
                                         Phone:_________________________________

<PAGE>

                                                                     EXHIBIT J-1

            FORM OF INTERMEDIATE TRUSTEE (OR CUSTODIAN) CERTIFICATION

                                                      [DATE]

To:  The Parties Listed on Schedule A Attached Hereto.

     Re:   Intermediate Review of Mortgage Files by the Trustee Pursuant to the
           --------------------------------------------------------------------
           Pooling and Servicing Agreement (dated July 1, 2002)
           ----------------------------------------------------

Ladies and Gentlemen:

                  In accordance with Sections 2.02 (b) of the Pooling and
Servicing Agreement, dated July 1, 2002, by and among Credit Suisse First Boston
Mortgage Securities Corp., as Depositor, Midland Loan Services, Inc., as master
servicer and Clarion Partners, LLC as special servicer, ABN AMRO Bank N.V., as
Fiscal Agent, and LaSalle Bank National Association, as Trustee (the
"Agreement"), with respect to the Credit Suisse First Boston Mortgage Securities
Corp., Commercial Mortgage Pass-Through Certificates, Series 2002-CP3, the
undersigned, as Trustee (or Custodian) hereby certifies as to each Mortgage Loan
subject to the Agreement (except as is identified in any attached schedule
hereto or specifically excluded in the paragraph below) that, subject to Section
2.02(d) of the Agreement, for each Mortgage Loan all documents specified in
clauses (i) through (v), (ix), (xi), (xii), (xvi) and (xviii) under the
definition of "Mortgage File" (the "Mortgage File) have been executed and
received, appear to be what they purport to be, have not been torn, mutilated,
damaged, defaced, and relate to the related Mortgage Loan.

                  In completing said review, the Trustee is authorized to rely
on the purported due execution and genuineness of any such document and on the
purported genuineness of any signature thereon and upon the delivery of such
documents to the Title Company as provided for in Section 2.01. The Trustee
shall be under no duty or obligation to inspect, review, or examine any such
documents, instruments or certificates to independently determine that they are
valid, genuine, enforceable, legally sufficient, duly authorized, or appropriate
for the represented purpose, whether the text of any assignment or endorsement
is in proper or recordable form (except to determine if the endorsement conforms
to the requirements of Section 2.01(a)), or whether the recordation of any
document complies with the recordation requirements of any applicable
jurisdiction, nor shall the Trustee be responsible for determining whether there
are any documents which are required to be included in each such Mortgage File
pursuant to the Agreement.

                  Further, with respect to UCC filings, absent actual knowledge
or copies of UCC filings in any such Mortgage File indicating otherwise, the
Trustee shall assume for purposes of the certifications delivered pursuant to
Sections 2.01 and 2.02 of the Agreement, that filings were made for each
Mortgaged Property in the appropriate public recording or filing office(s).

                  Capitalized terms used herein and not otherwise defined shall
have the respective meanings assigned to them in the Agreement.

                                         Respectfully,

                                         LASALLE BANK NATIONAL ASSOCIATION, as
                                         Trustee,

                                         By:__________________________________
                                            Name:
                                            Title:

<PAGE>

                                   SCHEDULE A
                                   ----------

Credit Suisse First Boston Mortgage Securities Corp.
Eleven Madison Avenue
New York, NY  10010

Midland Loan Services, Inc.
[                         ]
[                         ]

LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603

Fitch Ratings, Inc.
One State Street Plaza, 31st Floor
New York, New York  10004

<PAGE>

                                                                     EXHIBIT J-2

               FORM OF FINAL TRUSTEE (OR CUSTODIAN) CERTIFICATION

                                                         [DATE]

To:  The Parties Listed on Schedule A Attached Hereto.

     Re:   Receipt and Final Review of Mortgage Files by the Trustee Pursuant to
           the Pooling and Servicing Agreement (dated July 1, 2002)
           ---------------------------------------------------------------------

Ladies and Gentlemen:

                  In accordance with Section 2.02(c) of the Pooling and
Servicing Agreement, dated July 1, 2002, by and among Credit Suisse First Boston
Mortgage Securities Corp., as Depositor, Midland Loan Services, Inc., as master
servicer and Clarion Partners, LLC as special servicer, ABN AMRO Bank N.V., as
fiscal agent, and LaSalle Bank National Association, as Trustee (the
"Agreement"), with respect to the Credit Suisse First Boston Mortgage Securities
Corp., Commercial Mortgage Pass-Through Certificates, Series 2002-CP3, the
undersigned, as Trustee (or as Custodian), hereby certifies that, subject to
Section 2.02(d), as to each Mortgage Loan subject to the Agreement (excluding
any Loan as to which a Liquidation Event has occurred or any Loan specifically
identified in any exception report annexed hereto, (i) all documents specified
in clauses (i) through (v), (ix) (without regard to the parenthetical clause),
(xi) and (xii) of the definition of "Mortgage File" are in its possession, (ii)
it has received either a recorded original of each of the assignments specified
in clause (iii) and clause (v) of the definition of "Mortgage File," or, insofar
as an unrecorded original thereof had been delivered or caused to be delivered
by the applicable Mortgage Loan Seller, a copy of such recorded original
certified by the applicable public recording office to be true and complete, and
(iii) all such Loan Documents have been received, have been executed, appear to
be what they purport to be, purport to be recorded or filed (if recordation or
filing is specified for such document in the definition of "Mortgage File") and
have not been torn, mutilated or otherwise defaced, and that such documents
relate to the Loans identified on the Mortgage Loan Schedule.

                  Capitalized words and phrases used herein shall have the
respective meanings assigned to them in the Agreement. This Certificate is
qualified in all respects by the terms of the Agreement.

                                         LASALLE BANK NATIONAL ASSOCIATION, as
                                         Trustee,

                                         By:______________________________
                                            Name:
                                            Title:

<PAGE>

                                   SCHEDULE A
                                   ----------

Credit Suisse First Boston Mortgage Securities Corp.
Eleven Madison Avenue
New York, NY  10010

Midland Loan Services, Inc.
[                    ]
[                    ]

LaSalle Bank National Association
135 S. LaSalle Street, Suite 1625
Chicago, Illinois 60603

Fitch Ratings, Inc.
One State Street Plaza, 31st Floor
New York, New York  10004

<PAGE>

                                                                       EXHIBIT K

                              KRECM SERVICED LOANS

--------------------------------------------------------------------------------
                            MORTGAGE        CUT-OFF     SERVICER
                                                          AND
                                                        TRUSTEE
--------------------------------------------------------------------------------
#      PROPERTY NAME      LOAN SELLER       BALANCE       FEES         PRIMARY
                                                                       SERVICER
--------------------------------------------------------------------------------

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