Document:

EXHIBIT 4.1

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              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.,
                                  as Depositor,

                              CAPMARK FINANCE INC.,
                               as Master Servicer,

                          MIDLAND LOAN SERVICES, INC.,
                              as Special Servicer,

                                       and

                             WELLS FARGO BANK, N.A.,
                                   as Trustee,

                         POOLING AND SERVICING AGREEMENT

                            Dated as of March 1, 2007

                                 $3,371,478,040

                  Commercial Mortgage Pass-Through Certificates
                                 Series 2007-C1

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<PAGE>

                                TABLE OF CONTENTS

Section

                                    ARTICLE I

              DEFINITIONS; GENERAL INTERPRETIVE PRINCIPLES; CERTAIN
                  CALCULATIONS IN RESPECT OF THE MORTGAGE POOL

Section 1.01    Defined Terms...................................................
Section 1.02    General Interpretive Principles.................................
Section 1.03    Certain Calculations in Respect of the
                Mortgage Pool...................................................
Section 1.04    Cross-Collateralized Mortgage Loans.............................
Section 1.05    Certain Adjustments to the Principal
                Distributions on the Certificates...............................

                                   ARTICLE II

                CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND
           WARRANTIES; ORIGINAL ISSUANCE OF UNCERTIFICATED LOWER-TIER
                      INTERESTS; EXECUTION OF CERTIFICATES

Section 2.01    Conveyance of Mortgage Loans....................................
Section 2.02    Acceptance of Mortgage Assets by Trustee........................
Section 2.03    Certain Repurchases and Substitutions of
                Mortgage Loans by the Mortgage Loan Sellers
                and the Column Performance Guarantor; the
                Purchase Price Security Deposit Account and
                the Special Reserve Account.....................................
Section 2.04    Representations and Warranties of the
                Depositor.......................................................
Section 2.05    Representations and Warranties of the
                Master Servicer.................................................
Section 2.06    Representations and Warranties of the
                Special Servicer................................................
Section 2.07    Reserved........................................................
Section 2.08    Reserved........................................................
Section 2.09    Representations, Warranties and Covenants
                of the Trustee..................................................
Section 2.10    Issuance of Uncertificated Lower-Tier
                Interests; Execution of Certificates............................
Section 2.11    Acceptance of Grantor Trust by Trustee;
                Issuance of the ClassV and Class A-MFL
                Certificates....................................................

                                   ARTICLE III

                 ADMINISTRATION AND SERVICING OF THE TRUST FUND

Section 3.01    Administration of the Mortgage Loans............................
Section 3.02    Collection of Mortgage Loan Payments............................
Section 3.03    Collection of Taxes, Assessments and
                Similar Items; Servicing Accounts; Reserve
                Accounts........................................................
Section 3.04    Collection Accounts, Distribution Account,
                Interest Reserve Account, Excess
                Liquidation Proceeds Account, Post-ARD
                Additional Interest Distribution Account
                and the Floating Rate Account...................................
Section 3.05    Permitted Withdrawals From the Collection
                Account, the Distribution Account, the
                Interest Reserve Account, the Excess
                Liquidation Proceeds Account, the Post-ARD
                Additional Interest Distribution Account
                and the Floating Rate Account...................................
Section 3.06    Investment of Funds in the Collection
                Account, Servicing Accounts, Reserve
                Accounts, Distribution Account, Interest
                Reserve Account, Excess Liquidation
                Proceeds Account, Post-ARD Additional
                Interest Distribution Account, Floating
                Rate Account and the REO Account................................
Section 3.07    Maintenance of Insurance Policies; Errors
                and Omissions and Fidelity Coverage.............................
Section 3.08    Enforcement of Alienation Clauses...............................
Section 3.09    Realization Upon Defaulted Mortgage Loans.......................
Section 3.10    Trustee to Cooperate; Release of Mortgage
                Files...........................................................
Section 3.11    Master Servicing and Special Servicing
                Compensation; Interest on and Reimbursement
                of Servicing Advances; Payment of Certain
                Expenses; Obligations of the Trustee
                Regarding Back-up Servicing Advances............................
Section 3.12    Property Inspections; Collection of
                Financial Statements; Delivery of Certain
                Reports.........................................................
Section 3.13    [Reserved]......................................................
Section 3.14    [Reserved]......................................................
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    Fair Value Purchase Option; Sale of REO
                Properties......................................................
Section 3.19    Additional Obligations of Master Servicer.......................
Section 3.20    Modifications, Waivers, Amendments and
                Consents........................................................
Section 3.21    Transfer of Servicing Between Master
                Servicer and Special Servicer; Record
                Keeping.........................................................
Section 3.22    Sub-Servicing Agreements........................................
Section 3.23    Controlling ClassRepresentative................................
Section 3.24    Certain Rights and Powers of the
                Controlling ClassRepresentative................................
Section 3.25    Replacement of Special Servicer.................................
Section 3.26    Application of Default Charges..................................
Section 3.27    Authenticating Agent............................................
Section 3.28    Swap Agreement..................................................

                                   ARTICLE IV

                         PAYMENTS TO CERTIFICATEHOLDERS

Section 4.01    Distributions...................................................
Section 4.02    Trustee Report; Certain Other Reports...........................
Section 4.03    P&I Advances....................................................
Section 4.04    Allocation of Realized Losses and
                Additional Trust Fund Expenses..................................
Section 4.05    Calculations....................................................
Section 4.06    Grantor Trust Reporting.........................................
Section 4.07    Compliance with Withholding Requirements........................

                                    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    Certification by Certificateholders and
                Certificate Owners..............................................
Section 5.07    Appointment of Paying Agent.....................................

                                   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    Resignation of the Master Servicer or the
                Special Servicer................................................
Section 6.05    Rights of the Depositor and the Trustee in
                Respect of the Master Servicer and the
                Special Servicer................................................
Section 6.06    Master Servicer or Special Servicer as
                Owner of a Certificate..........................................

                                   ARTICLE VII

                                     DEFAULT

Section 7.01    Events of Default...............................................
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

                                   THE TRUSTEE

Section 8.01    Duties of Trustee...............................................
Section 8.02    Certain Matters Affecting the Trustee...........................
Section 8.03    Trustee Not Liable for Validity or
                Sufficiency of Certificates or Mortgage
                Loans...........................................................
Section 8.04    Trustee May Own Certificates....................................
Section 8.05    Fees and Expenses of Trustee;
                Indemnification of and by Trustee...............................
Section 8.06    Eligibility Requirements for Trustee............................
Section 8.07    Resignation and Removal of Trustee..............................
Section 8.08    Successor Trustee...............................................
Section 8.09    Merger or Consolidation of Trustee..............................
Section 8.10    Appointment of Co-Trustee or Separate
                Trustee.........................................................
Section 8.11    Appointment of Custodians.......................................
Section 8.12    Access to Certain Information...................................

                                   ARTICLE IX

                                   TERMINATION

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

                                    ARTICLE X

                            ADDITIONAL TAX PROVISIONS

Section 10.01   Tax Administration..............................................
Section 10.02   Depositor, Master Servicer and Special
                Servicer to Cooperate with Trustee..............................

                                   ARTICLE XI

                            MISCELLANEOUS PROVISIONS

Section 11.01   Amendment.......................................................
Section 11.02   Recordation of Agreement; Counterparts..........................
Section 11.03   Limitation on Rights of Certificateholders
                and B Loan Holders..............................................
Section 11.04   Governing Law...................................................
Section 11.05   Notices.........................................................
Section 11.06   Severability of Provisions......................................
Section 11.07   Successors and Assigns; Beneficiaries...........................
Section 11.08   Article and Section Headings....................................
Section 11.09   Notices to and from the Rating Agencies and
                the Depositor...................................................
Section 11.10   Notices to Controlling ClassRepresentative.....................
Section 11.11   Complete Agreement..............................................
Section 11.12   Grant of a Security Interest....................................

                                   ARTICLE XII

               EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

Section 12.01   Intent of the Parties; Reasonableness...........................
Section 12.02   Reserved........................................................
Section 12.03   Information to be Provided by the Master
                Servicer, the Special Servicer, the Trustee
                and each Servicing Function Participant.........................
Section 12.04   Reserved........................................................
Section 12.05   Filing Obligations..............................................
Section 12.06   Form 10-D Filings...............................................
Section 12.07   Form 10-K Filings...............................................
Section 12.08   Sarbanes-Oxley Certification....................................
Section 12.09   Form 8-K Filings................................................
Section 12.10   Form 15 Filing; Incomplete Exchange Act
                Filings; Amendments to Exchange Act Reports.....................
Section 12.11   Annual Compliance Statements....................................
Section 12.12   Annual Reports on Assessment of Compliance
                with Servicing Criteria.........................................
Section 12.13   Annual Independent Public Accountants'
                Attestation.....................................................
Section 12.14   Exchange Act Reporting Indemnification..........................
Section 12.15   Amendments......................................................
Section 12.16   Exchange Act Report Signatures; Delivery of
                Notices; Interpretation of Grace Periods........................
Section 12.17   Termination of the Trustee......................................

                                    EXHIBITS

EXHIBIT A-1    Form of Class A-SP and Class  A-X Certificates
EXHIBIT A-2    Form of Class A-1, Class A-2, Class A-AB, Class A-3, Class
               A-1-A, Class A-M and Class A-J Certificates
EXHIBIT A-3    Form of Class B, Class C, Class D, Class E, Class F, Class G,
               Class H, Class J, Class K, Class L and Class M, Class N, Class O,
               Class P, Class Q, Class S and Class T Certificates
EXHIBIT A-4    Form of Class A-MFL Certificates
EXHIBIT A-5    Form of Class V Certificates
EXHIBIT A-6    Form of Class R and Class LR Certificates
EXHIBIT B-1A   Schedule of Original Column Mortgage Loans
EXHIBIT B-1B   Schedule of Original Capmark Mortgage Loans
EXHIBIT B-2    Schedule of Exceptions to Mortgage File Delivery
EXHIBIT B-3    Form of Custodial Certification
EXHIBIT B-4    Schedule of Mortgage Loans Covered by
               Environmental Insurance
EXHIBIT C      [Reserved]
EXHIBIT D-1    Form of Master Servicer Request for Release
EXHIBIT D-2    Form of Special Servicer Request for Release
EXHIBIT E      Form of Trustee Report
EXHIBIT F-1A   Form I of Transferor Certificate for Transfers of
               Non-Registered Certificates
EXHIBIT F-1B   Form II of Transferor Certificate for Transfers of
               Non-Registered Certificates
EXHIBIT F-1C   Form I of Transferor Certificate for Transfers of Interests
               in Global Certificates for Classes of Non-Registered Certificates
EXHIBIT F-1D   Form II of Transferor Certificate for Transfers of Interests
               in Global Certificates for Classes of Non-Registered Certificates
EXHIBIT F-2A   Form I of Transferee Certificate for Transfers of
               Non-Registered Certificates Held in Physical Form
EXHIBIT F-2B   Form II of Transferee Certificate for Transfers of
               Non-Registered Certificates Held in Physical Form
EXHIBIT F-2C   Form I of Transferee Certificate for Transfers of Interests
               in Non-Registered Certificates Held in Book-Entry Form
EXHIBIT F-2D   Form II of Transferee Certificate for Transfers of Interests
               in Non-Registered Certificates Held in Book-Entry Form
EXHIBIT G-1    Form of Transferee Certificate in Connection with ERISA
               (Non-Registered Certificates and Non-Investment Grade
               Certificates Held in Fully-Registered, Certificated Form)
EXHIBIT G-2    Form of Transferee Certificate in Connection with ERISA
               (Non-Registered Certificates Held in Book-Entry Form)
EXHIBIT H-1    Form of Residual Transfer Affidavit for Transfers of Class R
               and Class LR Certificates
EXHIBIT H-2    Form of Transferor Certificate for Transfers of Class R and
               Class LR Certificates
EXHIBIT I-1    Form of Notice and Acknowledgment Concerning
               Replacement of Special Servicer
EXHIBIT I-2    Form of Acknowledgment of Proposed Special Servicer
EXHIBIT J      Schedule of Reference Rates
EXHIBIT K-1    Form of Information Request from Certificateholder
               or Certificate Owner
EXHIBIT K-2    Form of Information Request from Prospective
               Investor
EXHIBIT L      Schedule of Designated Sub-Servicers
EXHIBIT M      Form of Sarbanes-Oxley Certification
EXHIBIT N      [Reserved]
EXHIBIT O      [Reserved]
EXHIBIT P      Class A-AB Targeted Principal Balance Table
EXHIBIT R      [Reserved]
EXHIBIT S      [Reserved]
EXHIBIT T      [Reserved]
EXHIBIT U      Relevant Servicing Criteria
EXHIBIT V      Additional Form 10-D Disclosure
EXHIBIT W      Additional Form 10-K Disclosure
EXHIBIT X      Form 8-K Disclosure
EXHIBIT Y      Additional Notification Disclosure

<PAGE>

            This Pooling and Servicing Agreement is dated and effective
as of March 1, 2007, among CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP., as Depositor, CAPMARK FINANCE INC., as Master
Servicer, MIDLAND LOAN SERVICES, INC., as Special Servicer, and WELLS
FARGO BANK, N.A., as Trustee.

                             PRELIMINARY STATEMENT:

            Column Financial, Inc. (together with its successors in interest,
"Column") has sold to Credit Suisse First Boston Mortgage Securities Corp.
(together with its successors in interest, the "Depositor"), pursuant to the
Mortgage Loan Purchase Agreement dated as of March 1, 2007 (as such may from
time to time hereafter be amended, modified, supplemented and/or restated, the
"Column Mortgage Loan Purchase Agreement"), between Column as seller (in such
capacity, the "Column Mortgage Loan Seller") and the Depositor as purchaser,
those mortgage loans initially identified on the schedule attached hereto as
Exhibit B-1A (such mortgage loans, the "Original Column Mortgage Loans").

            Capmark Finance Inc. (together with its successors in interest,
"Capmark") has sold to the Depositor, pursuant to the Mortgage Loan Purchase
Agreement dated as of March 1, 2007 (as such may from time to time hereafter be
amended, modified, supplemented and/or restated, the "Capmark Mortgage Loan
Purchase Agreement"), between Capmark as seller (in such capacity, the "Capmark
Mortgage Loan Seller") and the Depositor as purchaser, those mortgage loans
initially identified on the schedule attached hereto as Exhibit B-1B (such
mortgage loans, the "Original Capmark Mortgage Loans").

            The Depositor desires, among other things, to: (i) establish a trust
fund, consisting primarily of the Original Column Mortgage Loans and the
Original Capmark Mortgage Loans (collectively, the "Original Mortgage Loans")
and certain related rights, funds and property; (ii) cause the issuance of
mortgage pass-through certificates in multiple classes, which certificates will,
in the aggregate, evidence the entire beneficial ownership interest in such
trust fund; and (iii) provide for the servicing and administration of the
mortgage loans, including the Original Mortgage Loans, and the other assets that
from time to time constitute part of such trust fund.

            Wells Fargo Bank, N.A. (together with its successors in interest,
"Wells Fargo") desires to act as trustee hereunder (in such capacity, the
"Trustee"); Capmark desires to act as master servicer hereunder (in such
capacity, the "Master Servicer"); Midland Loan Services, Inc. (together with its
successors in interest, "Midland") desires to act as special servicer hereunder
(in such capacity, the "Special Servicer").

            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
(as defined herein) be treated for federal income tax purposes as a "real estate
mortgage investment conduit" (a "REMIC").

            As provided herein, the Trustee will elect to treat the segregated
pool of assets consisting of the Mortgage Loans 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-1-1, Class LA-1-2, Class LA-2-1, Class LA-2-2, Class LA-2-3, Class
LA-AB-1, Class LA-AB-2, Class LA-AB-3, Class LA-AB-4, Class LA-3-1, Class
LA-3-2, Class LA-3-3, Class LA-3-4, Class LA-3-5, Class LA-1-A-1, Class
LA-1-A-2, Class LA-1-A-3, Class LA-1-A-4, Class LA-1-A-5, Class LA-1-A-6, Class
LA-1-A-7, Class LA-1-A-8, Class LA-M, Class LA-MFL, Class LA-J, Class LB, Class
LC-1, Class LC-2, Class LD-1, Class LD-2, Class LE, Class LF-1, Class LF-2,
Class LG, Class LH, Class LJ, Class LK, Class LL, Class LM, Class LN, Class LO,
Class LP, Class LQ, Class LS and Class LT 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.

            As further provided herein, the Trustee will elect to treat the
segregated pool of assets consisting of the Uncertificated Lower-Tier Interests
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 "Upper-Tier REMIC." The Class A-1, Class A-2, Class A-AB,
Class A-3, Class A-1-A, Class A-SP, Class A-X, Class A-M, Class A-J, Class B,
Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L,
Class M, Class N, Class O, Class P, Class Q, Class S, and Class T Certificates
and the Class A-MFL Regular Interest 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 portion of the Trust Fund representing Post-ARD Additional
Interest and the Post-ARD Additional Interest Distribution Account shall be
treated as a grantor trust under subpart E, Part I of subchapter J of the Code.
The portion of the Trust Fund representing the Class A-MFL Regular Interest, the
Swap Agreement and the Floating Rate Account shall be treated as 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 Post-ARD Additional Interest and the Post-ARD Additional
Interest Distribution Account. The Class A-MFL Certificates will represent
undivided beneficial interests in the Class A-MFL Regular Interest, the Swap
Agreement and the Floating Rate Account. Additionally, the Trust Fund shall not
include any B Loan, any interest of the holders of any B Loan or any A/B Loan
Pair Custodial Account.

            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 Class
Notional Amount"), 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
                Initial           case of the Class A-X           Initial
Class         Pass-Through        Certificates, Original        Ratings(1)
Designation       Rate            Class Notional Amount)       Moody's/Fitch
-----------   ------------        ----------------------       -------------
Class A-1           5.2270%                  $40,000,000          Aaa/AAA
Class A-2           5.2680%                 $139,000,000          Aaa/AAA
Class A-AB          5.3360%                  $98,301,000          Aaa/AAA
Class A-3           5.3830%                 $758,000,000          Aaa/AAA
Class A-1-A         5.3610%               $1,324,733,000          Aaa/AAA
Class A-M           5.4160%                 $212,148,000          Aaa/AAA
Class A-MFL         5.4160%(2)              $125,000,000(3)       Aaa/AAA
Class A-J           5.4570%(4)              $286,576,000          Aaa/AAA
Class A-SP          0.6211%(5)            $3,158,284,000(6)       Aaa/AAA
Class A-X           0.0580%(7)            $3,371,478,040(6)       Aaa/AAA
Class B             5.4870%(8)               $25,286,000          Aa1/AA+
Class C             5.5170%(9)               $37,929,000          Aa2/AA
Class D             5.5460%(10)              $33,715,000          Aa3/AA-
Class E             5.5760%(11)              $21,071,000           A1/A+
Class F             5.5960%(12)              $29,501,000           A2/A
Class G             5.6250%(13)              $33,715,000           A3/A-
Class H             6.0369%(14)              $37,929,000         Baa1/BBB+
Class J             6.0369%(14)              $33,714,000         Baa2/BBB
Class K             6.0369%(14)              $37,930,000         Baa3/BBB-
Class L             5.0500%                   $8,428,000          Ba1/BB+
Class M             5.0500%                  $12,643,000          Ba2/BB
Class N             5.0500%                   $8,429,000          Ba3/BB-
Class O             5.0500%                   $8,429,000           B1/B+
Class P             5.0500%                   $8,428,000           B2/B
Class Q             5.0500%                   $8,429,000           B3/B-
Class S             5.0500%                  $12,643,000         Caa2/CCC
Class T             5.0500%                  $29,501,040           NR/NR
Class R         None(15)                 None(15)                  NR/NR

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

(2)   See definition of "Class A-MFL Regular Interest Pass-Through Rate" herein.

(3)   The lesser of 5.4570% and the Weighted Average Net Mortgage Rate.

(4)   The Class A-MFL Certificate Balance will equal the Class A-MFL Regular
      Interest balance.

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

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

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

(8)   The lesser of 5.4870% and the Weighted Average Net Mortgage Rate.

(9)   The lesser of 5.5170% and the Weighted Average Net Mortgage Rate.

(10)  The lesser of 5.5460% and the Weighted Average Net Mortgage Rate.

(11)  The lesser of 5.5760% and the Weighted Average Net Mortgage Rate.

(12)  The lesser of 5.5960% and the Weighted Average Net Mortgage Rate.

(13)  The lesser of 5.6250% and the Weighted Average Net Mortgage Rate.

(14)  The Weighted Average Net Mortgage Rate.

(15)  The Class R Certificates will not have a Class Principal Balance or Class
      Notional Amount, will not bear interest and will not be entitled to
      distributions of Yield Maintenance Charges. Any Available Distribution
      Amounts 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 owners of the residual interests in the Upper-Tier REMIC.

            The following table sets forth the original Lower-Tier Principal
Amounts or original Class Notional Amounts, as applicable, and per annum rates
of interest for the Uncertificated Lower-Tier Interests and the Class LR
Certificates:

             LOWER-TIER REMIC

Class of                    Original Lower-Tier
Uncertificated              Principal Amount or
Lower-Tier       Interest     Original Class
Interests          Rate       Notional Amount
--------------   --------   -------------------
Class LA-1-1       (1)               $5,287,000
Class LA-1-2       (1)              $34,713,000
Class LA-2-1       (1)              $44,834,000
Class LA-2-2       (1)              $83,489,000
Class LA-2-3       (1)              $10,677,000
Class LA-AB-1      (1)                 $291,000
Class LA-AB-2      (1)              $16,907,000
Class LA-AB-3      (1)              $40,527,000
Class LA-AB-4      (1)              $40,576,000
Class LA-3-1       (1)              $69,870,000
Class LA-3-2       (1)             $176,516,000
Class LA-3-3       (1)              $54,120,000
Class LA-3-4       (1)              $47,303,000
Class LA-3-5       (1)             $410,191,000
Class LA-1-A-1     (1)               $1,404,000
Class LA-1-A-2     (1)              $49,059,000
Class LA-1-A-3     (1)              $50,598,000
Class LA-1-A-4     (1)              $48,421,000
Class LA-1-A-5     (1)             $235,310,000
Class LA-1-A-6     (1)              $40,358,000
Class LA-1-A-7     (1)             $189,167,000
Class LA-1-A-8     (1)             $710,416,000
Class LA-M         (1)             $212,148,000
Class LA-MFL       (1)             $125,000,000
Class LA-J         (1)             $286,576,000
Class LB           (1)              $25,286,000
Class LC-1         (1)              $26,667,000
Class LC-2         (1)              $11,262,000
Class LD-1         (1)              $15,156,000
Class LD-2         (1)              $18,559,000
Class LE           (1)              $21,071,000
Class LF-1         (1)              $12,489,000
Class LF-2         (1)              $17,012,000
Class LG           (1)              $33,715,000
Class LH           (1)              $37,929,000
Class LJ           (1)              $33,714,000
Class LK           (1)              $37,930,000
Class LL           (1)               $8,428,000
Class LM           (1)              $12,643,000
Class LN           (1)               $8,429,000
Class LO           (1)               $8,429,000
Class LP           (1)               $8,428,000
Class LQ           (1)               $8,429,000
Class LS           (1)              $12,643,000
Class LT           (1)              $29,501,040
Class LR          N/A(2)          N/A(2)

------

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

(2)   The Class LR Certificates will not have a Class Principal Balance or Class
      Notional Amount, will not bear interest and will not be entitled to
      distributions of Yield Maintenance Charges. Any Available Distribution
      Amounts 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.

            In consideration of the mutual agreements herein contained, the
parties hereto agree as follows:

                                    ARTICLE I

              DEFINITIONS; GENERAL INTERPRETIVE PRINCIPLES; CERTAIN
                  CALCULATIONS IN RESPECT OF THE MORTGAGE POOL

            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
Section 1.01, subject to modification in accordance with Section 1.04.

            "30/360 Basis" shall mean the accrual of interest calculated on the
basis of a 360-day year consisting of twelve 30-day months.

            "30/360 Mortgage Loan" shall mean a Mortgage Loan that accrues
interest on a 30/360 Basis.

            "A Loan" shall mean, any of the Mortgage Loans secured by the
Mortgaged Properties identified on the Mortgage Loan Schedule as Parkwood II,
Crescent Oaks Apartments, Forest Estates Apartments and Timmaron Apartments,
respectively.

            "A Note" shall mean, with respect to any A Loan, the Mortgage Note
included in the Trust, which is senior in right of payment to the related B
Loan, if any, to the extent set forth in the related A/B Intercreditor
Agreement.

            "A/B Intercreditor Agreement" shall mean, with respect to each A/B
Loan Pair, the related intercreditor agreement to be entered into by and between
the holders of the related A Loan and the B Loan Holder relating to the relative
rights of such holders of the respective A Loan and B Loan, as the same may be
further amended from time to time in accordance with the terms thereof.

            "A/B Loan Pair" shall mean, any A Loan, together with the related B
Loan.

            "A/B Loan Pair Custodial Account" shall mean, 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 B Loan Holder. Any such sub-account(s) shall be maintained as a
sub-account of an Eligible Account.

            "A/B Material Default" shall mean, with respect to any A/B Loan
Pair, a "Material Default" under, and within the meaning of, the related A/B
Intercreditor Agreement.

            "Acquisition Date" shall mean, with respect to any REO Property, the
first day on which such REO Property is considered to be acquired on behalf of
the Trust and the Lower-Tier REMIC (and, if applicable, the holder of any
related B Loans) 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 the Trust's interest in such REO Property for federal income tax
purposes.

            "Actual/360 Basis" shall mean the accrual of interest calculated on
the basis of the actual number of days elapsed during any calendar month (or
other applicable recurring accrual period) in a year assumed to consist of 360
days.

            "Actual/360 Mortgage Loan" shall mean a Mortgage Loan that accrues
interest on an Actual/360 Basis.

            "Additional Collateral" shall mean any non-real property collateral
(including any Letter of Credit) pledged and/or delivered by or on behalf of the
related Borrower and held by the related Mortgagee to secure payment on any
Mortgage Loan.

            "Additional Disclosure Notification" shall mean the form of
notification to be included with any Additional Form 10-D Disclosure, Additional
Form 10-K Disclosure or Form 8-K Disclosure Information which is attached hereto
as Exhibit Y.

            "Additional Form 10-D Disclosure" shall have the meaning assigned
thereto in Section 12.06.

            "Additional Form 10-K Disclosure" shall have the meaning assigned
thereto in Section 12.07.

            "Additional Master Servicing Compensation" shall have the meaning
assigned thereto in Section 3.11(b).

            "Additional Servicer" shall mean, individually or collectively, (x)
each Affiliate of any party as described by Section 1108(a)(2)(ii) of Regulation
AB that Services any of the Mortgage Loans and (y) each Person who is not an
Affiliate of any party as described by Section 1108(a)(2)(iii) of Regulation AB,
other than the Master Servicer, the Special Servicer and the Trustee, who
Services 10% or more of the Mortgage Loans (calculated by Stated Principal
Balance).

            "Additional Special Servicing Compensation" shall have the meaning
assigned thereto in Section 3.11(d).

            "Additional Trust Fund Expense" shall mean any expense of the Trust
Fund that (i) arises out of a default on a Mortgage Loan or an A/B Loan Pair,
(ii) arises out of an otherwise unanticipated event, (iii) is not covered by a
Servicing Advance or a corresponding collection from the related Borrower and
(iv) does not represent a loss on a Mortgage Loan arising from the inability of
the Master Servicer and/or the Special Servicer to collect all amounts due and
owing under the Mortgage 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.

            "Administrative Fee Rate" shall mean, with respect to each Mortgage
Loan (and any successor REO Mortgage Loan), the sum of the related Master
Servicing Fee Rate, plus the Trustee Fee Rate.

            "Advance" shall mean any P&I Advance or Servicing Advance.

            "Advance Interest" shall mean the interest accrued on any Advance at
the Reimbursement Rate, which is payable to the party hereto that made that
Advance, all in accordance with Section 3.11(g) or Section 4.03(d), as
applicable.

            "Adverse Grantor Trust Event" shall mean either: (i) any impairment
of the status of the Grantor Trust as a "grantor trust"; or (ii) the imposition
of a tax upon the Grantor Trust Pool or any of its assets or transactions.

            "Adverse Rating Event" shall mean, with respect to any Class of
Rated Certificates and each Rating Agency that has assigned a rating thereto, as
of any date of determination, the qualification, downgrade or withdrawal of the
rating then assigned to such Class of Rated Certificates by such Rating Agency
(or the placing of such Class of Rated Certificates on "negative credit watch"
status in contemplation of any such action with respect thereto).

            "Adverse REMIC Event" shall mean either: (i) any impairment of the
status of either the Upper-Tier REMIC or Lower-Tier REMIC as a REMIC; or (ii)
except as permitted by Section 3.17(a), the imposition of a tax upon either the
Upper-Tier REMIC or Lower-Tier REMIC or any of its assets or transactions
(including the tax on prohibited transactions as defined in Section 860F(a)(2)
of the Code and the tax on contributions set forth in Section 860G(d) of the
Code).

            "Affiliate" shall mean, 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.

            "Agreement" shall mean this Pooling and Servicing Agreement, as it
may be amended, modified, supplemented or restated following the Closing Date.

            "A.M. Best" shall mean A.M. Best Company or its successor in
interest.

            "Anthracite" shall mean Anthracite Capital, Inc., the
initial Controlling Class Representative.

            "Anticipated Repayment Date" shall mean, with respect to any ARD
Mortgage Loan, the date specified in the related Mortgage Note, as of which
Post-ARD Additional Interest shall begin to accrue on such Mortgage Loan, which
date is prior to the Stated Maturity Date for such Mortgage Loan.

            "Appraisal" shall mean, with respect to any Mortgaged Property or
REO Property as to which an appraisal is required to be performed pursuant to
the terms of this Agreement, a narrative appraisal complying with USPAP (or, in
the case of a Mortgage Loan or an REO Mortgage Loan with a Stated Principal
Balance as of the date of such appraisal of $2,000,000 or less, unless the
Controlling Class Representative permits a narrative appraisal, either a limited
appraisal, a summary report or an internal valuation prepared by the Special
Servicer) that (i) indicates the "market value" of the subject property (within
the meaning of 12 C.F.R. ss. 225.62(g)) and (ii) is conducted by a Qualified
Appraiser (except that, in the case of a Mortgage Loan or an REO Mortgage Loan
with a Stated Principal Balance as of the date of such appraisal of $2,000,000
or less, unless the Controlling Class Representative permits the use of a
Qualified Appraiser, the Person performing such limited appraisal, summary
report or internal valuation may be an employee of the Special Servicer, which
employee need not be a Qualified Appraiser but shall have experience in
commercial and/or multifamily properties, as the case may be, and possess
sufficient knowledge to value such a property).

            "Appraisal Reduction Amount" shall mean, for any Distribution Date,
with respect to any Required Appraisal Loan, an amount calculated by the Special
Servicer equal to the excess, if any, of:

            (1) the sum of (a) the Stated Principal Balance of such Required
      Appraisal Loan as of such Determination Date, (b) to the extent not
      previously advanced by or on behalf of the Master Servicer or the Trustee,
      all unpaid interest (net of Default Interest and, in the case of an ARD
      Mortgage Loan after its Anticipated Repayment Date, Post-ARD Additional
      Interest) accrued on such Required Appraisal Loan through the most recent
      Due Date prior to such Determination Date, (c) all accrued but unpaid
      Special Servicing Fees accrued with respect to such Required Appraisal
      Loan, (d) all related unreimbursed Advances (or any Advances reimbursed by
      the Trust Fund out of general collections on the Mortgage Pool) made by or
      on behalf of the Master Servicer, the Special Servicer or the Trustee with
      respect to such Required Appraisal Loan, together with all unpaid Advance
      Interest accrued on such Advances, and (e) all currently due but unpaid
      real estate taxes and assessments, insurance premiums and, if applicable,
      ground rents in respect of the related Mortgaged Property or REO Property,
      as applicable; over

            (2) the sum of (x) the excess, if any, of (i) 90% of the Appraised
      Value (subject to such downward adjustment as the Special Servicer deems
      appropriate in accordance with the Servicing Standard, without implying
      any obligation to do so) of the related Mortgaged Property or REO
      Property, as applicable, as determined by the most recent relevant
      Appraisal acceptable for purposes of Section 3.19(c) hereof, over (ii) the
      amount of any obligation(s) secured by any liens on such Mortgaged
      Property or REO Property, as applicable, that are prior to the lien of
      such Required Appraisal Loan, and (y) any Escrow Payments, Reserve Funds
      and/or Letters of Credit held by the Master Servicer or the Special
      Servicer with respect to such Required Appraisal Loan, the related
      Mortgaged Property or any related REO Property (exclusive of any such
      Escrow Payments and Reserve Funds, the application of which was assumed in
      determining the Appraised Value of the related Mortgaged Property or REO
      Property, as applicable, referred to in clause (2)(x)(i) of this
      definition).

            Notwithstanding the foregoing, if (i) an Appraisal Trigger Event
occurs with respect to any Mortgage Loan, (ii) either (A) no Appraisal has been
obtained or conducted, as applicable in accordance with Section 3.19(c), with
respect to the related Mortgaged Property during the 12-month period prior to
the date of such Appraisal Trigger Event or (B) there shall have occurred since
the date of the most recent Appraisal a material change in the circumstances
surrounding the related Mortgaged Property that would, in the Special Servicer's
judgment, materially affect the value of the property as reflected in such
Appraisal, and (iii) no new Appraisal is obtained or conducted, as applicable in
accordance with Section 3.19(c), within 60 days after such Appraisal Trigger
Event, then (x) until such new Appraisal is obtained or conducted, as applicable
in accordance with Section 3.19(c), the Appraisal Reduction Amount shall equal
25% of the Stated Principal Balance of such Required Appraisal Loan, and (y)
upon receipt or performance, as applicable in accordance with Section 3.19(c),
of such new Appraisal by the Special Servicer, the Appraisal Reduction Amount
for such Required Appraisal Loan will be recalculated in accordance with the
preceding sentence of this definition.

            Notwithstanding the foregoing, in the case of any A Loan (or any
successor REO Mortgage Loan with respect thereto), any Appraisal Reduction
Amount will be calculated in respect of the subject A/B Loan Pair (or any
successor REO Mortgage Loans with respect thereto), as if it were a single
underlying mortgage loan, and then allocated, first, to the related B Loan (or
any successor REO Mortgage Loan with respect thereto), up to the amount of its
unpaid principal balance, and second, to the subject A Loan (or any successor
REO Mortgage Loan with respect thereto).

            "Appraisal Trigger Event" shall mean, with respect to any Mortgage
Loan, any of the following events:

            (i)   such Mortgage Loan becomes a Modified Mortgage Loan (other
                  than solely as a result of an extension of the maturity date
                  for less than six months);

            (ii)  any Monthly Payment with respect to such Mortgage Loan remains
                  unpaid for 60 days past the Due Date for such payment (or,
                  with respect to a Balloon Payment, 90 days past the Due Date
                  or, if the related Borrower has delivered to the Master
                  Servicer a refinancing commitment reasonably acceptable to the
                  Special Servicer and continues to pay the Assumed Monthly
                  Payment, for such longer period (not to exceed 150 days past
                  the Due Date for such Balloon Payment) during which such
                  refinancing would occur);

            (iii) the passage of 60 days after the Special Servicer receives
                  notice that the Borrower under such Mortgage Loan has become
                  the subject of bankruptcy, insolvency or similar proceedings,
                  which proceedings remain undischarged and undismissed at the
                  end of such 60-day period;

            (iv)  the passage of 60 days after the Special Servicer receives
                  notice that a receiver or similar official has been appointed
                  with respect to the related Mortgaged Property (provided that
                  such receiver or similar official continues in that capacity
                  at the end of such 60-day period); or

            (v)   the related Mortgaged Property becomes an REO Property.

            "Appraised Value" shall mean with respect to each Mortgaged Property
or REO Property, the appraised value thereof (as is) based upon the most recent
Appraisal obtained or conducted, as appropriate, pursuant to this Agreement or
obtained in connection with the origination of the related Mortgage Loan.

            "ARD Mortgage Loan" shall mean a Mortgage Loan that provides for the
accrual of Post-ARD Additional Interest thereon if such Mortgage Loan is not
paid in full on or prior to its Anticipated Repayment Date.

            "Assignment of Leases" shall mean, with respect to any Mortgaged
Property, any assignment of leases, rents and profits or similar document or
instrument executed by the related Borrower in connection with the origination
of the related Mortgage Loan, as such assignment may be amended, modified,
renewed or extended through the date hereof and from time to time hereafter.

            "Assumed Monthly Payment" shall mean:

            (a) with respect to any Balloon Mortgage Loan delinquent in respect
      of its Balloon Payment beyond the Determination Date immediately following
      its scheduled maturity date (as such date may be extended in connection
      with a bankruptcy, insolvency or similar proceeding involving the related
      Borrower or by reason of a modification, waiver or amendment granted or
      agreed to by the Master Servicer or the Special Servicer pursuant to
      Section 3.20), for that scheduled maturity date and for each subsequent
      Due Date as of which such Mortgage Loan remains outstanding and part of
      the Trust Fund, the scheduled monthly payment of principal and/or interest
      deemed to be due with respect to such Mortgage Loan on such Due Date equal
      to the amount that would have been due in respect thereof on such Due Date
      (other than any Default Interest) if such Mortgage Loan had been required
      to continue to accrue interest in accordance with its terms, and to pay
      principal in accordance with the amortization schedule (if any), in effect
      immediately prior to, and without regard to the occurrence of, such
      maturity date; and

            (b) with respect to any REO Mortgage Loan, for any Due Date as of
      which the related REO Property remains part of the Trust Fund, the
      scheduled monthly payment of principal and/or interest deemed to be due in
      respect thereof on such Due Date equal to the Monthly Payment (or, in the
      case of a Balloon Mortgage Loan described in clause (a) of this
      definition, the Assumed Monthly Payment) that was due (or deemed due) with
      respect to the related Mortgage Loan on the last Due Date prior to its
      becoming an REO Mortgage Loan.

            "ASTM" shall mean the American Society for Testing and Materials.

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

            (a) the aggregate amount received on the Mortgage Loans (and any
      related REO Properties) and on deposit in the Collection Account as of the
      close of business on the Business Day preceding the related 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 Collection Period;

            (ii)    all Principal Prepayments, Balloon Payments, Liquidation
                    Proceeds, Insurance Proceeds or Condemnation Proceeds, all
                    amounts paid in connection with Mortgage Loan repurchases
                    pursuant to Section 2.03(b), and all other unscheduled
                    recoveries 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 (xxvii), inclusive, of Section 3.05(a);

            (iv)    all amounts that are payable or reimbursable to any Person
                    pursuant to clauses (ii) through (vi), 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 in Permitted
                    Investments in which such funds may be invested;

            (viii)  with respect to those Mortgage Loans that are Actual/360
                    Mortgage Loans and any Distribution Date relating to each
                    Interest Accrual Period ending in each February and in any
                    January in a year which is not a leap year (unless, in
                    either case, the related Distribution Date is the Final
                    Distribution Date), an amount equal to the Interest Reserve
                    Amount to the extent such amount is to be deposited in the
                    Interest Reserve Account and held for future distribution
                    pursuant to Section 3.04;

            (ix)    in the case of each REO Property related to an A Loan and
                    during an A/B Material Default, all amounts received with
                    respect to the A Loan that are required to be paid to the B
                    Loan Holder pursuant to the terms of the related B Loan and
                    the related A/B Intercreditor Agreement (which amounts will
                    be deposited into the related A/B Loan Pair Custodial
                    Account pursuant to Section 3.04 and withdrawn from such
                    accounts pursuant to Section 3.05); and

            (x)     Post-ARD Additional Interest;

            (b) if and to the extent not already included in clause (a) hereof,
      the aggregate amount transferred with respect to the Mortgage 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
      Mortgage Loans by the Master Servicer or the Trustee, as applicable, for
      such Distribution Date pursuant to Section 4.03 or Section 7.05 (which P&I
      Advances shall not include any related Servicing Fees or Workout Fees);

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

            (e) if and to the extent not already included in clause (a) hereof,
      any Cure Payment (except for any portion thereof payable or reimbursable
      to the Master Servicer or Special Servicer), made by any B Loan Holder
      pursuant to the terms of the related Intercreditor Agreement during the
      related Collection Period and allocable to principal or interest with
      respect to the related Mortgage Loan; and

            (f) all funds released from the Excess Liquidation Proceeds Account
      for distribution on such Distribution Date.

            "B Loan" shall mean, with respect to each A Loan, the other mortgage
loan that (i) is not included in the Trust Fund, (ii) is subordinate in right of
payment to such A Loan to the extent set forth in the related A/B Intercreditor
Agreement and (iii) is secured by the same Mortgage on the same Mortgaged
Property as such A Loan.

            "B Loan Holder" shall mean, with respect to any B Loan,
CBA-Mezzanine Capital Finance, LLC, or its successors and assigns, as the holder
of such B Loan.

            "Balloon Mortgage Loan" shall mean any Mortgage Loan that by its
original terms or by virtue of any modification entered into as of the Closing
Date (or, in the case of a Replacement Mortgage Loan, as of the related date of
substitution) provides for an amortization schedule extending beyond its Stated
Maturity Date and as to which, in accordance with such terms, a Balloon Payment
is due on its Stated Maturity Date.

            "Balloon Payment" shall mean any Monthly Payment payable on a
Mortgage Loan at scheduled maturity that is at least six times as large as the
normal Monthly Payment due on such Mortgage Loan.

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

            "Base Interest Fraction" shall mean, with respect to any Principal
Prepayment on any Mortgage Loan and any of the Class A-1, Class A-2, Class A-AB,
Class A-3, Class A-1-A, Class A-M, Class A-J, Class B, Class C, Class D, Class
E, Class F, Class G, Class H, Class, J and Class K Certificates and the Class
A-MFL Regular Interest, 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 or the Class A-MFL Regular Interest 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 Mortgage 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 Mortgage
Loan and (y) the Pass-Through Rate described in clause (a)(i) above, then the
Base Interest Fraction shall be zero.

            "Base Prospectus" shall mean that certain prospectus dated October
30, 2006, relating to trust funds established by the Depositor and publicly
offered mortgage pass-through certificates evidencing interests therein.

            "Book-Entry Certificate" shall mean any Certificate registered in
the name of the Depository or its nominee.

            "Book-Entry Non-Registered Certificate" shall mean any
Non-Registered Certificate that constitutes a Book-Entry Certificate.

            "Borrower" shall mean, individually and collectively, as the context
may require, the obligor or obligors under a Mortgage Loan, including any Person
that has not signed the related Mortgage Note but owns an interest in the
related Mortgaged Property, which interest has been encumbered to secure such
Mortgage Loan.

            "Breach" shall mean, with respect to any Mortgage Loan, any breach
of representation or warranty made by a Mortgage Loan Seller pursuant to Section
4(b) or 4(d) of the related Mortgage Loan Purchase Agreement.

            "Business Day" shall mean any day other than a Saturday, a Sunday or
a day on which banking institutions in New York, New York, Minneapolis,
Minnesota, Pittsburgh, Pennsylvania, the city or cities in which the Primary
Servicing Offices of the Master Servicer and the Special Servicer are located or
the city in which the Corporate Trust Office of the Trustee is located, are
authorized or obligated by law or executive order to remain closed.

            "Capmark" shall mean Capmark Finance Inc., and its
successors in interest.

            "Capmark Mortgage Loan Purchase Agreement" shall have the meaning
assigned thereto in the Preliminary Statement.

            "Capmark Mortgage Loan Seller" shall mean Capmark, in its capacity
as mortgage loan seller with respect to the Original Capmark Mortgage Loans.

            "CERCLA" shall mean the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended.

            "Certificate" shall mean any one of the Depositor's Series 2007-C1
Commercial Mortgage Pass-Through Certificates, as executed by the Trustee and
authenticated and delivered hereunder by the Certificate Registrar.

            "Certificate Factor" shall mean, with respect to any Class of
Regular Certificates or the Class A-MFL Regular Interest, as of any date of
determination, a fraction, expressed as a decimal carried to eight places, the
numerator of which is the related Class Principal Balance or Class Notional
Amount, as the case may be, then outstanding, and the denominator of which is
the related Class Principal Balance or Class Notional Amount, as the case may
be, outstanding as of the Closing Date.

            "Certificateholder" or "Holder" shall mean the Person in whose name
a Certificate is registered in the Certificate Register, provided, however,
that: (i) neither a Disqualified Organization nor a Non-United States Tax Person
shall be a "Holder" of, or a "Certificateholder" with respect to, a Class R or
Class LR Certificate for any purpose hereof; and (ii) solely for purposes of
giving any consent, approval, direction or waiver pursuant to this Agreement
that specifically relates to the rights, duties and/or obligations hereunder of
the Depositor, the Master Servicer, the Special Servicer or the Trustee in its
respective capacity as such (other than any consent, approval or waiver
contemplated by any of Sections 3.23, 3.24 and 3.25), any Certificate registered
in the name of such party or in the name of any Affiliate thereof 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 that
specifically relates to such party has been obtained. The Certificate Registrar
shall be entitled to request and conclusively rely upon a certificate of the
Depositor, 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 "Certificateholders" or "Holders" shall reflect the rights
of Certificate Owners only insofar as they may indirectly exercise such rights
through the Depository and the Depository Participants (except as otherwise
specified herein), it being herein acknowledged and agreed that the parties
hereto shall be required to recognize as a "Certificateholder" or "Holder" only
the Person in whose name a Certificate is registered in the Certificate
Register.

            "Certificateholder Reports" shall mean, collectively, the Trustee
Report and the CMSA Investor Reporting Package.

            "Certificate Notional Amount" shall mean, with respect to any
Interest Only Certificate, as of any date of determination, the then notional
principal amount on which such Certificate accrues interest, equal to the
product of (a) the then Certificate Factor for the Class of Interest Only
Certificates to which such Certificate belongs, multiplied by (b) the amount
specified on the face of such Certificate as the initial Certificate Notional
Amount thereof.

            "Certificate Owner" shall mean, with respect to any 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 Principal Balance" shall mean, with respect to any
Principal Balance Certificate or the Class A-MFL Regular Interest, as of any
date of determination, the then outstanding principal amount of such Certificate
or the Class A-MFL Regular Interest, as applicable, equal to the product of (a)
the then Certificate Factor for the Class of Principal Balance Certificates or
the Class A-MFL Regular Interest, as applicable, to which such Certificate
belongs, multiplied by (b) the amount specified on the face of such Certificate
as the initial Certificate Principal Balance thereof.

            "Certificate Register" and "Certificate Registrar" shall mean the
register maintained and the registrar appointed pursuant to Section 5.02.

            "Certification Parties" shall have the meaning assigned thereto in
Section 12.08.

            "Certifying Person" shall have the meaning assigned thereto in
Section 12.08.

            "Certifying Servicer" shall have the meaning assigned thereto in
Section 12.11.

            "Class" shall mean, collectively, all of the Certificates bearing
the same alphabetic and, if applicable, numeric class designation and each
designation of Uncertificated Lower-Tier Interests having the same payment terms
or the Class A-MFL Regular Interest. The respective Classes of Certificates are
designated in Section 5.01(a).

            "Class A-1" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-1 Certificates.

            "Class A-1 Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-1."

            "Class A-1 Pass-Through Rate" shall mean 5.2270% per annum.

            "Class A-1-A" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A 1 A Certificates.

            "Class A-1-A Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation "A
1 A."

            "Class A-1-A Pass-Through Rate" shall mean 5.3610% per annum.

            "Class A-2" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-2 Certificates.

            "Class A-2 Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-2."

            "Class A-2 Pass-Through Rate" shall mean 5.2680% per annum.

            "Class A-3" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-3 Certificates.

            "Class A-3 Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-3."

            "Class A-3 Pass-Through Rate" shall mean 5.3830% per annum.

            "Class A-AB" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-AB Certificates.

            "Class A-AB Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-AB."

            "Class A-AB Pass-Through Rate" shall mean 5.3360% per annum.

            "Class A-M" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-M Certificates.

            "Class A-M Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-M."

            "Class A-M Pass-Through Rate" shall mean 5.4160% per annum.

            "Class A-MFL Available Funds" shall mean with respect to any
Distribution Date, an amount equal to (a) the sum of (i) the total amount of all
principal and/or interest distributions, as well as all distributions of Yield
Maintenance Charges, on or in respect of the Class A-MFL Regular Interest with
respect to such Distribution Date and (ii) the amounts, if any, received from
the Swap Counterparty pursuant to the Swap Agreement for such Distribution Date,
less (b) with respect to interest amounts and Yield Maintenance Charges, the sum
of (i) all regularly scheduled interest amounts, Yield Maintenance Charges
required to be paid to the Swap Counterparty pursuant to the Swap Agreement for
such Distribution Date, (ii) any amount payable to the Trustee as Net Investment
Earnings earned on funds held in the Floating Rate Account and (iii) any amounts
deposited in the Floating Rate Account in error.

            "Class A-MFL Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-MFL."

            "Class A-MFL Distribution Conversion" shall mean with respect to any
Distribution Date (i) immediately upon and during the continuation of a Swap
Default of the nature described in clause (i) of the definition of "Swap
Default" while the Trustee is pursuing remedies under the Swap Agreement
pursuant to Section 3.28, or (ii) immediately upon and following the termination
of the Swap Agreement, the conversion of distributions to the Class A-MFL
Certificates from distributions based, in part, on floating interest payments
from the Swap Counterparty under the Swap Agreement to distributions based
solely on fixed interest distributions in respect of the Class A-MFL Regular
Interest, as specified in Section 4.01.

            "Class A-MFL Fixed Swap Payment" shall mean with respect to any
Distribution Date, the fixed interest amount required to be paid to the Swap
Counterparty by the Trust under the Swap Agreement (prior to any netting against
amounts due from the Swap Counterparty to the Trust) in respect of that
Distribution Date.

            "Class A-MFL Floating Swap Payment" shall mean with respect to any
Distribution Date, the floating interest amount required to be paid to the Trust
by the Swap Counterparty under the Swap Agreement (prior to any netting against
amounts due from the Trust to the Swap Counterparty) in respect of that
Distribution Date.

            "Class A-MFL Interest Distribution Amount" shall mean with respect
to any Distribution Date, an amount equal to (a) the sum of (i) the Optimal
Interest Distribution Amount with respect to the Class A-MFL Regular Interest
for such Distribution Date, (ii) the Class A-MFL Floating Swap Payment received
from the Swap Counterparty with respect to such Distribution Date and (iii) if
the Swap Agreement is terminated and a replacement Swap Agreement is not
obtained, any Swap Termination Payment collected during the related Collection
Period, less (b) the Class A-MFL Fixed Swap Payment made to the Swap
Counterparty with respect to such Distribution Date.

            "Class A-MFL Net Fixed Swap Payment" shall mean with respect to any
Distribution Date, the excess, if any of (i) the Class A-MFL Fixed Swap Payment
for that Distribution Date over (ii) the Class A-MFL Floating Swap Payment in
respect of that Distribution Date.

            "Class A-MFL Net Floating Swap Payment" shall mean with respect to
any Distribution Date, the excess, if any of (i) the Class A-MFL Floating Swap
Payment for that Distribution Date over (ii) the Class A-MFL Fixed Swap Payment
in respect of that Distribution Date.

            "Class A-MFL Pass-Through Rate" shall mean with respect to any
Distribution Date for so long as no Class A-MFL Distribution Conversion has
occurred, LIBOR plus 0.1900%; except that (I) if (a) the total amount of
interest distributions with respect to the Class A-MFL Regular Interest for any
distribution date required (or deemed) to be deposited in the Floating Rate
Account is less than (b) 1/12th of the product of (i) 5.4160%, multiplied by
(ii) the Class Principal Balance of the Class A-MFL Certificates as of the last
day of the calendar month immediately prior to that Distribution Date, then
there will be a proportionate reduction to the amount of interest distributable
on the Class A-MFL Certificates, as provided in the Swap Agreement and (II) if
(a) the total amount of interest distributions with respect to the Class A-MFL
Regular Interest for any distribution date required (or deemed) to be deposited
in the Floating Rate Account exceeds (b) 1/12th of the product of (i) 5.4160%,
multiplied by (ii) the Class Principal Balance of the Class A-MFL Certificates
as of the last day of the calendar month immediately prior to that Distribution
Date, then there will be a proportional increase to the amount of interest
distributable on the Class A-MFL Certificates, as provided in the Swap
Agreement. With respect to any Distribution Date on or after which a Class A-MFL
Distribution Conversion has occurred, "Class A-MFL Pass-Through Rate" shall mean
the Class A-MFL Regular Interest Pass-Through Rate.

            "Class A-MFL Principal Distribution Amount" shall mean with respect
to any Distribution Date, an amount equal to the amount of principal allocated
pursuant to Section 4.01 in respect of the Class A-MFL Regular Interest on such
Distribution Date.

            "Class A-MFL Regular Interest" shall mean the uncertificated
interest in the Upper-Tier REMIC, designated as "Class A-MFL," constituting a
"regular interest" in the Upper-Tier REMIC for purposes of the REMIC Provisions
and having the characteristics attributable thereto in this Agreement.

            "Class A-MFL Regular Interest Pass-Through Rate" shall mean, with
respect to any Distribution Date, 5.4160% per annum.

            "Class A-MFL Swap Payment Date" shall mean, with respect to any
Distribution Date, the Business Day preceding such Distribution Date.

            "Class A-J" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-J Certificates.

            "Class A-J Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphanumeric class designation
"A-J."

            "Class A-J Pass-Through Rate" shall mean the lesser of (i) 5.4570%
per annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class A-P&I Certificates" shall mean, collectively, the Class A-1,
Class A-2, Class A-AB, Class A-3 and Class A-1-A Certificates.

            "Class A-SP" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-SP Certificates.

            "Class A-SP Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation
"A-SP."

            "Class A-SP Component" shall mean each of Component A-1-2, Component
A-2-1, Component A-2-2, Component A-2-3, Component A-AB-1, Component A-AB-2,
Component A-AB-3, Component A-AB-4, Component A-3-1, Component A-3-2, Component
A-3-3, Component A-3-4, Component A-3-5, Component A-1-A-2, Component A-1-A-3,
Component A-1-A-4, Component A-1-A-5, Component A-1-A-6, Component A-1-A-7,
Component A-1-A-8, Component A-M, Component A-MFL, Component A-J, Component B,
Component C-1, Component C-2, Component D-1, Component D-2, Component E,
Component F-1, Component F-2 and Component G.

            "Class A-SP Notional Amount" shall mean, as of any date of
determination, the sum of the then Component Notional Amounts of the Class A-SP
Components that have not reached their Component Crossover Date.

            "Class A-SP Pass-Through Rate" shall mean, 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 Amounts) for such Distribution
Date.

            "Class A-SP Strip Rate" shall mean, 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 Pass-Through Rate
for such Distribution Date and (II) the Reference Rate for such Distribution
Date minus (y) the Pass-Through Rate for the Related 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-X" shall mean, when combined with any other capitalized
term defined in this Agreement, of or relating to the Class A-X Certificates.

            "Class A-X Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation
"A-X."

            "Class A-X Component" shall mean any one of the Components.

            "Class A-X Notional Amount" shall mean, 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" shall mean, as to any Distribution
Date, the per annum rate, expressed as a percentage, equal to the weighted
average of the Class A-X Strip Rates of the Components for such Distribution
Date, weighted on the basis of their respective Component Notional Amounts.

            "Class A-X Strip Rate" shall mean, with respect to any Class A-X
Component (other than a Class A-X Component that is also a Class A-SP Component)
for any Distribution Date, a rate per annum equal to (i) the Weighted Average
Net Mortgage Pass-Through Rate for such Distribution Date, minus (ii) the
Pass-Through Rate for the Related Certificates, and in the case of a Class A-X
Component that is also a Class A-SP Component, (A) for any Distribution Date
occurring on or before the related Component Crossover Date, (x) the Weighted
Average Net Mortgage Pass-Through Rate for such Distribution Date minus (y) the
sum of the Pass-Through Rate for the Related Certificates for such Distribution
Date and the Class A-SP Strip Rate for such Component for such Distribution
Date, and (B) for any Distribution Date occurring after the related Component
Crossover Date, a rate per annum equal to (x) the Weighted Average Net Mortgage
Pass-Through Rate for such Distribution Date, minus (y) the Pass-Through Rate
for the Related Certificates (provided that in no event shall any Class A-X
Strip Rate be less than zero).

            "Class B" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class B Certificates.

            "Class B Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "B."

            "Class B Pass-Through Rate" shall mean the lesser of (i) 5.4870% per
annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class C" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class C Certificates.

            "Class C Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "C."

            "Class C Pass-Through Rate" shall mean the lesser of (i) 5.5170% per
annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class D" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class D Certificates.

            "Class D Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "D."

            "Class D Pass-Through Rate" shall mean the lesser of (i) 5.5460% per
annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class E" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class E Certificates.

            "Class E Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "E."

            "Class E Pass-Through Rate" shall mean the lesser of (i) 5.5760% per
annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class F" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class F Certificates.

            "Class F Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "F."

            "Class F Pass-Through Rate" shall mean the lesser of (i) 5.5960% per
annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class G" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class G Certificates.

            "Class G Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "G."

            "Class G Pass-Through Rate" shall mean the lesser of (i) 5.6250% per
annum and (ii) the Weighted Average Net Mortgage Rate.

            "Class H" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class H Certificates.

            "Class H Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "H."

            "Class H Pass-Through Rate" shall mean a per annum rate equal to the
Weighted Average Net Mortgage Rate.

            "Class J" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class J Certificates.

            "Class J Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "J."

            "Class J Pass-Through Rate" shall mean a per annum rate equal to the
Weighted Average Net Mortgage Rate.

            "Class K" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class K Certificates.

            "Class K Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "K."

            "Class K Pass-Through Rate" shall mean a per annum rate equal to the
Weighted Average Net Mortgage Rate.

            "Class L" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class L Certificates.

            "Class L Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "L."

            "Class L Pass-Through Rate" shall mean 5.0500% per annum.

            "Class LA-1-1 Uncertificated Interest" shall mean 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-1-2 Uncertificated Interest" shall mean 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-1-A-1 Uncertificated Interest" shall mean 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-1-A-2 Uncertificated Interest" shall mean 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-1-A-3 Uncertificated Interest" shall mean 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-1-A-4 Uncertificated Interest" shall mean 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-1-A-5 Uncertificated Interest" shall mean 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-1-A-6 Uncertificated Interest" shall mean 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-1-A-7 Uncertificated Interest" shall mean 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-1-A-8 Uncertificated Interest" shall mean 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-2-1 Uncertificated Interest" shall mean 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-2-2 Uncertificated Interest" shall mean 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-2-3 Uncertificated Interest" shall mean 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" shall mean 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" shall mean 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" shall mean 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-3-4 Uncertificated Interest" shall mean 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-3-5 Uncertificated Interest" shall mean 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-AB-1 Uncertificated Interest" shall mean 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-AB-2 Uncertificated Interest" shall mean 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-AB-3 Uncertificated Interest" shall mean 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-AB-4 Uncertificated Interest" shall mean 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-M Uncertificated Interest" shall mean 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-MFL Uncertificated Interest" shall mean a regular interest
in the Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC, has
the Original Lower-Tier REMIC Principal Amount and per annum rate of interest
set forth in the Preliminary Statement hereto.

            "Class LA-J Uncertificated Interest" shall mean 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" shall mean 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-1 Uncertificated Interest" shall mean 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-2 Uncertificated Interest" shall mean 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-1 Uncertificated Interest" shall mean 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-2 Uncertificated Interest" shall mean 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" shall mean 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-1 Uncertificated Interest" shall mean 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-2 Uncertificated Interest" shall mean 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" shall mean 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" shall mean 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" shall mean 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" shall mean 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" shall mean 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" shall mean 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" shall mean 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" shall mean 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 LP Uncertificated Interest" shall mean 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 LQ Uncertificated Interest" shall mean 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" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class LR Certificates.

            "Class LR Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "LR."

            "Class LS Uncertificated Interest" shall mean 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 LT Uncertificated Interest" shall mean 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 M" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class M Certificates.

            "Class M Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "M."

            "Class M Pass-Through Rate" shall mean 5.0500% per annum.

            "Class N" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class N Certificates.

            "Class N Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "N."

            "Class N Pass-Through Rate" shall mean 5.0500% per annum.

            "Class Notional Amount" shall mean, with respect to any Class of
Interest Only Certificate, the aggregate hypothetical or notional amount on
which such Class of Interest Only Certificate accrues or is deemed to accrue
interest from time to time. The Class Notional Amount, in the case of the Class
A-X Certificates, shall be the Class A-X Notional Amount and, in the case of the
Class A-SP Certificates, shall be the Class A-SP Notional Amount.

            "Class O" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class O Certificates.

            "Class O Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "O."

            "Class O Pass-Through Rate" shall mean 5.0500% per annum.

            "Class P" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class P Certificates.

            "Class P Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "P."

            "Class P Pass-Through Rate" shall mean 5.0500% per annum.

            "Class Principal Balance" shall mean the aggregate principal balance
outstanding from time to time of any Class of Principal Balance Certificates or
of the Class A-MFL Regular Interest, as applicable.

            "Class Q" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class Q Certificates.

            "Class Q Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "Q."

            "Class Q Pass-Through Rate" shall mean 5.0500% per annum.

            "Class R" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class R Certificates.

            "Class R Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "R."

            "Class S" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class S Certificates.

            "Class S Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "S."

            "Class S Pass-Through Rate" shall mean 5.0500% per annum.

             "Class T" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class T Certificates.

            "Class T Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "T."

            "Class T Pass-Through Rate" shall mean 5.0500% per annum.

            "Class V" shall mean, when combined with any other capitalized term
defined in this Agreement, of or relating to the Class V Certificates.

            "Class V Certificate" shall mean any of the Certificates that
collectively constitute the Class bearing the alphabetic class designation "V."

            "Clearstream" shall mean Clearstream Banking, societe anonyme, or
any successor.

            "Closing Date" shall mean March 16, 2007.

            "CMSA" shall mean 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 Special
Servicer and the Controlling Class Representative.

            "CMSA Advance Recovery Report" shall mean a report substantially in
the form of, and containing the information called for in, the downloadable form
of the "Advance Recovery 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-backed securities transactions generally
(unless the Controlling Class Representative and the Rating Agencies otherwise
consent to an alternative form of such report, and written notice of such
alternative form is provided to the Master Servicer and the Special Servicer).

            "CMSA Bond Level File" shall mean a data file 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
Trustee, Controlling Class Representative and the Rating Agencies otherwise
consent to an alternative form of such report and have provided written notice
of such alternative form to the Master Servicer and the Special Servicer).

            "CMSA Collateral Summary File" shall mean a data file 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-backed securities transactions generally
(unless the Trustee, Controlling Class Representative and the Rating Agencies
otherwise consent to an alternative form of such report and have provided
written notice of such alternative form to the Master Servicer and the Special
Servicer).

            "CMSA Comparative Financial Status Report" shall mean 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-backed securities transactions generally (unless the
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

            "CMSA Delinquent Loan Status Report" shall mean 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-backed securities
transactions generally (unless the Controlling Class Representative and the
Rating Agencies otherwise consent to an alternative form of such report, and
written notice of such alternative form is provided to the Master Servicer and
the Special Servicer).

            "CMSA Financial File" shall mean a data file 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-backed securities transactions generally (unless the
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

            "CMSA Historical Loan Modification and Corrected Mortgage Loan
Report" shall mean a report substantially in the form of, and containing the
information called for in, the downloadable form of the "Historical Loan
Modification and Corrected Mortgage Loan 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-backed securities
transactions generally (unless the Controlling Class Representative and the
Rating Agencies otherwise consent to an alternative form of such report, and
written notice of such alternative form is provided to the Master Servicer and
the Special Servicer).

            "CMSA Investor Reporting Package" shall mean, collectively:

            (a) the following seven electronic files: (i) CMSA Loan Setup File,
      (ii) CMSA Loan Periodic Update File, (iii) CMSA Property File, (iv) CMSA
      Bond Level File, (v) CMSA Financial File, (vi) CMSA Collateral Summary
      File and (vii) CMSA Special Servicer Loan File; and

            (b) the following ten supplemental reports: (i) CMSA Delinquent Loan
      Status Report, (ii) CMSA Historical Loan Modification and Corrected
      Mortgage Loan Report, (iii) CMSA Total Loan Report, (iv) CMSA REO Status
      Report, (v) CMSA Operating Statement Analysis Report, (vi) CMSA
      Comparative Financial Status Report, (vii) CMSA Servicer Watch List,
      (viii) CMSA Loan Level Reserve/LOC Report, (ix) CMSA NOI Adjustment
      Worksheets and (x) CMSA Advance Recovery Report; and

            (c) such other reports and data files as CMSA may designate as part
      of the "CMSA Investor Reporting Package" from time to time generally,
      provided that the requirements of any such report or data file shall not
      materially expand the duties of the affected reporting party without such
      party's consent (which consent shall not be unreasonably withheld or
      delayed).

            "CMSA Loan Level Reserve/LOC Report" shall mean a report
substantially in the form of, and containing the information called for in, the
downloadable form of the "Loan Level Reserve/LOC 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 Controlling Class Representative and the
Rating Agencies otherwise consent to an alternative form of such report, and
written notice of such alternative form is provided to the Master Servicer and
the Special Servicer).

            "CMSA Loan Periodic Update File" shall mean a 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-backed securities
transactions generally (unless the Trustee, the Controlling Class Representative
and the Rating Agencies otherwise consent to an alternative form of such report,
and written notice of such alternative form is provided to the Master Servicer
and the Special Servicer).

            "CMSA Loan Setup File" shall mean a report substantially in the form
of, and containing the information called for in, the downloadable form of the
"Mortgage 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-backed securities transactions generally (unless the
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

                  "CMSA NOI Adjustment Worksheet" shall mean 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-backed securities
transactions generally (unless the Controlling Class Representative and the
Rating Agencies otherwise consent to an alternative form of such report, and
written notice of such alternative form is provided to the Master Servicer and
the Special Servicer).

            "CMSA Operating Statement Analysis Report" shall mean 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 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 Controlling Class Representative and the
Rating Agencies otherwise consent to an alternative form of such report, and
written notice of such alternative form is provided to the Master Servicer and
the Special Servicer).

            "CMSA Property File" shall mean 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-backed securities transactions generally (unless the
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

            "CMSA Property Inspection Form" shall mean a form of report
substantially in the form of, and containing the information called for in, the
downloadable "Property Inspection Form" 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 Controlling Class Representative and the Rating Agencies otherwise
consent to an alternative form of such report, and written notice of such
alternative form is provided to the Master Servicer and the Special Servicer).

            "CMSA Realized Loss Report" shall mean a report substantially in the
form of, and containing the information called for in, the downloadable form of
the "Realized Loss 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-backed securities transactions generally (unless the
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

            "CMSA REO Status Report" shall mean 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
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
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

            "CMSA Servicer Watch List" shall mean a report substantially in the
form of, and containing the information called for in, the downloadable form of
"Servicer Watch List" 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
Controlling Class Representative and the Rating Agencies otherwise consent to an
alternative form of such report, and written notice of such alternative form is
provided to the Master Servicer and the Special Servicer).

            "CMSA Special Servicer Loan File" shall mean a report substantially
in the form of, and containing the information called for in, the downloadable
form of the "Special Servicer Loan 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 Controlling Class Representative and the Rating Agencies otherwise
consent to an alternative form of such report, and written notice of such
alternative form is provided to the Master Servicer and the Special Servicer).

            "CMSA Total Loan Report" shall mean monthly report substantially in
the form of, and containing the information called for in, the downloadable form
of the "CMSA Total Loan 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 be recommended by the
CMSA for commercial mortgage-backed securities transactions generally (unless
the Controlling Class Representative and the Rating Agencies otherwise consent
to an alternative form of such report, and written notice of such alternative
form is provided to the Master Servicer and the Special Servicer).

            "CMSA Website" shall mean 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" shall mean the Internal Revenue Code of 1986 and regulations
promulgated thereunder, including proposed regulations to the extent that, by
reason of their proposed effective date, could, as of the date of any
determination or opinion as to the tax consequences of any action or proposed
action or transaction, be applied to the Trust or the Certificates.

            "Collection Account" shall mean the segregated account or accounts
created and maintained by the Master Servicer, pursuant to Section 3.04(a), in
trust for the Certificateholders and, after the occurrence of an A/B Material
Default, any related B Loan Holder, which shall be entitled "[Capmark Finance
Inc.][or the name of any successor Master Servicer, as the Master Servicer, in
trust for the registered holders of Credit Suisse First Boston Mortgage
Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
and the B Loan Holders, as applicable, as their interests may appear, Collection
Account." Any such account or accounts shall be an Eligible Account and shall be
part of the Lower-Tier REMIC other than any funds therein allocable to a B Loan.

            "Collection Period" shall mean, with respect to any Distribution
Date, the period commencing on the date 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.

            "Column" shall mean Column Financial, Inc., together with
its successors in interest.

            "Column Mortgage Loan" shall mean any Mortgage Loan that is either
an Original Column Mortgage Loan or a Replacement Mortgage Loan that was
delivered under the Column Mortgage Loan Purchase Agreement or the Column
Performance Guarantee in substitution for an Original Column Mortgage Loan.

            "Column Mortgage Loan Purchase Agreement" shall have the meaning
assigned thereto in the Preliminary Statement to this Agreement.

            "Column Mortgage Loan Seller" shall mean Column, in its capacity as
mortgage loan seller with respect to the Column Mortgage Loans.

            "Column Performance Guarantee" shall mean the Guarantee dated as of
March 1, 2007, from the Column Performance Guarantor in favor of the Trustee,
relating to the obligations of Column under Section 5 of the Column Mortgage
Loan Purchase Agreement.

            "Column Performance Guarantor" shall mean Credit Suisse
(USA), Inc., its successor in interest or any successor guarantor under
the Column Performance Guarantee.

            "Column Primary Servicer" shall mean Column, in its capacity as
Designated Sub-Servicer with respect to the Column Serviced Loans.

            "Column Serviced Loan" shall mean any Column Mortgage Loan that is
specified on Exhibit L as being primary serviced by the Column Primary Servicer.

            "Commission" shall mean the Securities and Exchange Commission or
any successor thereto.

            "Compensating Interest Payment" shall mean, with respect to any
Distribution Date, any payment made by the Master Servicer pursuant to Section
3.19(a) to cover Prepayment Interest Shortfalls incurred during the related
Collection Period.

            "Component" shall mean each of Component A-1-1, Component A-1-2,
Component A-2-1, Component A-2-2, Component A-2-3, Component A-AB-1, Component
A-AB-2, Component A-AB-3, Component A-AB-4, Component A-3-1, Component A-3-2,
Component A-3-3, Component A-3-4, Component A-3-5, Component A-1-A-1, Component
A-1-A-2, Component A-1-A-3, Component A-1-A-4, Component A-1-A-5, Component
A-1-A-6, Component A-1-A-7, Component A-1-A-8, Component A-M, Component A-MFL,
Component A-J, Component B, Component C-1, Component C-2, Component D-1,
Component D-2, Component E, Component F-1, Component F-2, Component G, Component
H, Component J, Component K, Component L, Component M, Component N, Component O,
Component P, Component Q, Component S and Component T.

            "Component A-1-1" shall mean one of the 45 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-1-1 Uncertificated Interest as of
any date of determination.

            "Component A-1-2" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-2 Uncertificated Interest as of any date of
determination.

            "Component A-1-A-1" shall mean one of the 45 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-A-1 Uncertificated Interest as of
any date of determination.

            "Component A-1-A-2" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-2 Uncertificated Interest as of any date of
determination.

            "Component A-1-A-3" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-3 Uncertificated Interest as of any date of
determination.

            "Component A-1-A-4" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-4 Uncertificated Interest as of any date of
determination.

            "Component A-1-5" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-5 Uncertificated Interest as of any date of
determination.

            "Component A-1-A-6" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-6 Uncertificated Interest as of any date of
determination.

            "Component A-1-A-7" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-7 Uncertificated Interest as of any date of
determination.

            "Component A-1-A-8" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-1-A-8 Uncertificated Interest as of any date of
determination.

            "Component A-2-1 shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-2-1 Uncertificated Interest as of any date of
determination.

            "Component A-2-2 shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-2-2 Uncertificated Interest as of any date of
determination.

            "Component A-2-3 shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-2-3 Uncertificated Interest as of any date of
determination.

            "Component A-3-1" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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 A-3-4" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-3-4 Uncertificated Interest as of any date of
determination.

            "Component A-3-5" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-3-5 Uncertificated Interest as of any date of
determination.

            "Component A-AB-1" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-AB-1 Uncertificated Interest as of any date of
determination.

            "Component A-AB-2" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-AB-2 Uncertificated Interest as of any date of
determination.

            "Component A-AB-3" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-AB-3 Uncertificated Interest as of any date of
determination.

            "Component A-AB-4" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-AB-4 Uncertificated Interest as of any date of
determination.

            "Component A-M" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-M Uncertificated Interest as of any date of
determination.

            "Component A-MFL" shall mean one of the 45 components of the Class
A-X Certificates and one of the 32 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-MFL Uncertificated Interest as of any date of
determination.

            "Component A-J" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-J Uncertificated Interest as of any date of
determination.

            "Component B" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-1" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-1 Uncertificated Interest as of any date of
determination.

            "Component C-2" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-2 Uncertificated Interest as of any date of
determination.

            "Component Crossover Date" shall mean, with respect to each Class
A-SP Component, the related Crossover Date as set forth in the table below:

<TABLE>
<CAPTION>
Class A-SP Component                                              Component Crossover Date
-------------------------------------------------------------   ----------------------------
<S>                                                             <C>
Components A-1-2, A-2-1 and A-1-A-2                             March 2008 Distribution Date
Components A-2-2 and A-1-A-3                                    March 2009 Distribution Date
Components A-2-3, A-3-1 and A-1-A-4                             March 2010 Distribution Date
Components A-AB-1, A-3-2, A-1-A-5, F-1 and G                    March 2011 Distribution Date
Components A-AB-2, A-3-3, A-1-A-6, D-1, E and F-2               March 2012 Distribution Date
Components A-AB-3, A-3-4, A-1-A-7, C-1 and D-2                  March 2013 Distribution Date
Components A-AB-4, A-3-5, A-1-A-8, A-M, A-MFL, A-J, B and C-2   March 2014 Distribution Date
</TABLE>

            "Component D-1" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-1 Uncertificated Interest as of any date of
determination.

            "Component D-2" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-2 Uncertificated Interest as of any date of
determination.

            "Component E" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-1" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-1 Uncertificated Interest as of any date of
determination.

            "Component F-2" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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-2 Uncertificated Interest as of any date of
determination.

            "Component G" shall mean one of the 45 components of the Class A-X
Certificates and one of the 32 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" shall mean one of the 45 components of the Class A-X
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" shall mean one of the 45 components of the Class A-X
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" shall mean one of the 45 components of the Class A-X
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" shall mean one of the 45 components of the Class A-X
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" shall mean one of the 45 components of the Class A-X
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" shall mean one of the 45 components of the Class A-X
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 Notional Amount" shall mean, with respect to each
Component and any date of determination, an amount equal to the then Lower-Tier
Principal Amount of its Related Uncertificated Lower-Tier Interest.

            "Component O" shall mean one of the 45 components of the Class A-X
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 P" shall mean one of the 45 components of the Class A-X
Certificates having a Component Notional Amount equal to the then current
Lower-Tier Principal Amount of the Class LP Uncertificated Interest as of any
date of determination.

            "Component Q" shall mean one of the 45 components of the Class A-X
Certificates having a Component Notional Amount equal to the then current
Lower-Tier Principal Amount of the Class LQ Uncertificated Interest as of any
date of determination.

            "Component S" shall mean one of the 45 components of the Class A-X
Certificates having a Component Notional Amount equal to the then current
Lower-Tier Principal Amount of the Class LS Uncertificated Interest as of any
date of determination.

            "Component T" shall mean one of the 45 components of the Class A-X
Certificates having a Component Notional Amount equal to the then current
Lower-Tier Principal Amount of the Class LT Uncertificated Interest as of any
date of determination.

            "Condemnation Proceeds" shall mean all cash amounts actually
received by the Trust or by the Master Servicer or the Special Servicer on its
behalf in connection with the taking of all or a part of a Mortgaged Property by
exercise of the power of eminent domain or condemnation, exclusive of any
portion thereof required to be released to the related Borrower or any other
third-party in accordance with applicable law and/or the terms and conditions of
the related Mortgage Loan Documents or any other applicable document.

            "Confidential Offering Circular" shall mean the final Confidential
Offering Circular dated March 1, 2007, relating to certain classes of the
Non-Registered Certificates.

            "Controlling Class" shall mean, as of any date of determination, the
eligible Class of Principal Balance Certificates with the lowest payment
priority pursuant to Sections 4.01(a) and 4.01(b), that has a then outstanding
Class Principal Balance that is not less than 25% of its initial Class Principal
Balance; provided that, if no eligible Class of Principal Balance Certificates
has a Class Principal Balance that satisfies the foregoing requirement, then the
Controlling Class shall be the eligible Class of Principal Balance Certificates
with the lowest payment priority pursuant to Sections 4.01(a) and 4.01(b), that
has a then outstanding Class Principal Balance greater than zero. For purposes
of this definition, all of the Class A-P&I Certificates shall be treated as a
single Class and, if appropriate under the terms of this definition, shall
collectively constitute the Controlling Class. As of the Closing Date, the
Controlling Class shall be the Class T Certificates.

            "Controlling Class Certificateholder" shall mean any Holder of
Certificates of the related Controlling Class.

            "Controlling Class Representative" shall have the meaning assigned
thereto in Section 3.23(a).

            "Corporate Trust Office" shall mean the corporate trust office of
the Trustee at which at any particular time its corporate trust business with
respect to this Agreement shall be administered, which office at the date of the
execution of this Agreement is located (i) for Certificate transfer purposes, at
Sixth & Marquette, Minneapolis, Minnesota 55479-0113, Attention: Corporate Trust
Services - Credit Suisse First Boston Mortgage Securities Corp., Commercial
Mortgage Pass-Through Certificates, Series 2007-C1 and (ii) for all other
purposes, at 9062 Old Annapolis Road, Columbia, Maryland 21045-1951, Attention:
Corporate Trust Services - Credit Suisse First Boston Mortgage Securities Corp.,
Commercial Mortgage Pass-Through Certificates, Series 2007-C1.

            "Corrected Mortgage Loan" shall mean any Mortgage Loan that had been
a Specially Serviced Mortgage Loan but as to which all Servicing Transfer Events
have ceased to exist.

            "Credit Suisse" shall mean Credit Suisse Securities (USA) LLC or its
successor in interest.

            "Cross-Collateralized Group" shall mean any group of Mortgage Loans
that is cross-defaulted and cross-collateralized with each other.

            "Cross-Collateralized Mortgage Loan" shall mean any Mortgage Loan,
that is, by its terms, cross-defaulted and cross-collateralized with any other
Mortgage Loan. For the avoidance of doubt, no A Loan or B Loan shall be deemed a
Cross-Collateralized Mortgage Loan under this Agreement.

            "Crossed Mortgage Loan Repurchase Criteria" shall mean (i) the debt
service coverage ratio for any related Cross-Collateralized Mortgage Loans that
remain in the Trust is not less than the debt service coverage ratio for such
Cross-Collateralized Mortgage Loans, including the affected Cross-Collateralized
Mortgage Loan, immediately preceding the repurchase or substitution and (ii) the
loan-to-value ratio for any related Cross-Collateralized Mortgage Loans that
remain in the Trust is not greater than the loan-to-value ratio for such
Cross-Collateralized Mortgage Loans including the affected Cross-Collateralized
Mortgage Loan immediately preceding the repurchase or substitution.

            "Cure Event" shall mean the exercise by any B Loan Holder of the
cure rights, if any, set forth in the related Intercreditor Agreement, in each
case in accordance with the applicable Intercreditor Agreement.

            "Cure Payments" shall mean, with respect to any A/B Loan Pair, as to
which the related Intercreditor Agreement provides that a B Loan Holder shall be
entitled to cure a default under the related Mortgage Loan, the payments that
such B Loan Holder makes to the Master Servicer, Special Servicer or Trustee, as
applicable, which payments shall consist (without duplication) of all actual
costs, expenses, losses, obligations, damages, penalties, and disbursements
imposed on or incurred (whether or not yet paid) by the Master Servicer, Special
Servicer or Trustee, as applicable (including, without limitation, all
unreimbursed Advances (without regard to whether such Advance would be a
Nonrecoverable Advance), and any interest accrued thereon, Default Interest and
any servicing compensation incurred with respect to the related Mortgage Loan)
during the period of time from the expiration of the grace period under such
Mortgage Loan that gave rise to such Cure Event until such Cure Payment is made
or such other cure is otherwise effected.

            "Custodian" shall mean a Person who is at any time appointed by the
Trustee pursuant to Section 8.11 as a document custodian for the Mortgage Files,
which document custodian shall initially be the Trustee.

            "Cut-off Date" shall mean, individually and collectively, the
respective Due Dates for the Original Mortgage Loans in March 2007, except that
in the case of certain of the underlying mortgage loans that have their first
due date in April 2007, the Cut-off Date for those Mortgage Loans will be
considered to be the equivalent day of the month in March 2007 had their first
due date been in March 2007.

            "Cut-off Date Principal Balance" shall mean, with respect to any
Original Mortgage Loan, the outstanding principal balance of such Mortgage Loan
as of its Due Date in March 2007, after application of all payments of principal
due on or before such date, whether or not received.

            "Default Charges" shall mean Default Interest and/or late payment
charges that are paid or payable, as the context may require, in respect of any
Mortgage Loan or REO Mortgage Loan.

            "Defaulted Mortgage Loan" shall mean a Mortgage Loan that is at
least sixty days delinquent in respect of its Monthly Payments, or 90 days
delinquent in respect of its Balloon Payment (or, if the borrower has delivered
a refinancing commitment reasonably acceptable to the Special Servicer, for such
longer period, not to exceed 150 days beyond the date on which that Balloon
Payment was due, during which the refinancing would occur), 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
Mortgage Loan becoming a Specially Serviced Mortgage 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
Mortgage Loan has not been received.

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

            "Defaulting Party" shall have the meaning assigned thereto in
Section 7.01(b).

            "Defective Mortgage Loan" shall mean any Mortgage Loan as to which
there exists a Material Breach or a Material Document Defect that has not been
cured in all material respects.

            "Definitive Certificate" shall have the meaning assigned thereto in
Section 5.03(a).

            "Deleted Mortgage Loan" shall mean a Mortgage Loan that is purchased
or repurchased, as the case may be, from the Trust or replaced with one or more
Replacement Mortgage Loans, in either case as contemplated by Section 2.03.

            "Depositor" shall have the meaning assigned thereto in the
Preliminary Statement to this Agreement.

            "Depository" shall mean 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" shall mean 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.

            "Designated Sub-Servicer" shall mean any Sub-Servicer set forth on
Exhibit L hereto and any successor thereto under the related Sub-Servicing
Agreement.

            "Designated Sub-Servicer Agreement" shall mean any Sub-Servicing
Agreement between a Designated Sub-Servicer and the Master Servicer.

            "Determination Date" shall mean, with respect to any calendar month,
commencing in April 2007, the 11th day of such calendar month (or, if such 11th
day is not a Business Day, the next succeeding Business Day). Each Determination
Date will relate to the Distribution Date in the same calendar month.

            "Directly Operate" shall mean, with respect to any REO Property, the
furnishing or rendering of services to the tenants thereof that are not (within
the meaning of Treasury Regulations 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" shall mean any of the following: (i) the
United States or a possession thereof, any State or any political subdivision
thereof, or any agency or instrumentality of any of the foregoing (other than an
instrumentality which is a corporation if all of its activities are subject to
tax and, except for Freddie Mac, a majority of its board of directors is not
selected by any such governmental unit), (ii) a foreign government,
international organization, or any agency or instrumentality of either of the
foregoing, (iii) any organization (except certain farmers' cooperatives
described in Section 521 of the Code) which is exempt from the tax imposed by
Chapter 1 of the Code (unless such organization is subject to the tax imposed by
Section 511 of the Code on unrelated business taxable income), (iv) rural
electric and telephone cooperatives described in Section 1381 of the Code or (v)
any other Person so designated by the Trustee, based upon an Opinion of Counsel
delivered to the Trustee to the effect that the holding of an Ownership Interest
in a Class R or Class LR Certificate by such Person may cause (A) either of the
Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or (B)
the Trust 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 Class R or Class LR 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.

            "Disqualified Non-United States Tax Person" shall mean, with respect
to any Class R or Class LR Certificate, any Non-United States Tax Person or
agent thereof other than: (1) a Non-United States Tax Person that (a) holds such
Class R or Class LR Certificate and, for purposes of Treasury Regulations
Section 1.860G-3(a)(3), is subject to tax under Section 882 of the Code, (b)
certifies that it understands that, for purposes of Treasury Regulations Section
1.860E-1(c)(4)(ii), as a holder of such Class R or Class LR Certificate for
United States federal income tax purposes, it may incur tax liabilities in
excess of any cash flows generated by such Class R or Class LR Certificate and
intends to pay taxes associated with holding such Class R or Class LR
Certificate, and (c) has furnished the Transferor and the Trustee with an
effective IRS Form W-8ECI or successor form and has agreed to update such form
as required under the applicable Treasury regulations; or (2) a Non-United
States Tax Person that has delivered to the Transferor, the Trustee and the
Certificate Registrar an opinion of nationally recognized tax counsel to the
effect that (x) the Transfer of such Class R or Class LR Certificate to it is in
accordance with the requirements of the Code and the regulations promulgated
thereunder and (y) such Transfer of such Class R or Class LR Certificate will
not be disregarded for United States federal income tax purposes.

            "Distribution Account" shall mean collectively, the Upper-Tier
Distribution Account, the Lower-Tier Distribution Account and the Post-ARD
Additional Interest Distribution Account, which may be sub-accounts of a single
account.

            "Distribution Date" shall mean, with respect to any calendar month,
commencing in April 2007, the fourth Business Day following the Determination
Date in such calendar month.

            "Document Defect" shall mean, with respect to any Mortgage Loan,
that any document required to be part of the related Mortgage File has not been
properly executed, is missing, contains information that does not conform in any
material respect with the corresponding information set forth in the Mortgage
Loan Schedule (and the terms of such document have not been modified by written
instrument contained in the related Mortgage File), or does not appear to be
regular on its face.

            "Do Not Hire List" shall mean the list, as may be updated at any
time, provided by the Depositor to the Master Servicer, Special Servicer and
Trustee, which lists certain parties identified by the Depositor as having
materially failed to comply with their respective obligations under Article XII
of this Agreement or as having materially failed to comply with any similar
Regulation AB reporting requirements under any pooling and servicing agreement
relating to any other series of certificates offered by the Depositor.

            "Due Date" shall mean with respect to any Mortgage Loan (and any
successor REO Mortgage Loan), the day of the month set forth in the related
Mortgage Note on which each Monthly Payment on such Mortgage Loan is first
scheduled to be due (without regard to any applicable grace period).

            "Earn-Out Reserve Funds" shall mean Reserve Funds as to which any
release thereof to the related Borrower is tied to conditions relating to the
economic performance, value and/or occupancy of the subject Mortgaged Property.

            "EDGAR" shall mean the Electronic Data Gathering, Analysis, and
Retrieval System of the Commission, which is the computer system for the
receipt, acceptance, review and dissemination of documents submitted to the
Commission in electronic format.

            "Eligible Account" shall mean any of (i) an account maintained with
a federal or state chartered depository institution or trust company, the
long-term deposit or long-term unsecured debt obligations of which are rated no
less than "AA-" by Fitch (or "A+" by Fitch if the short term unsecured debt
obligations thereof are rated at least "A-1" by Fitch) and "Aa3" by Moody's (if
the deposits are to be held in the account for more than 30 days), or the
short-term deposit or short-term unsecured debt obligations of which are rated
no less than "P-1" by Moody's and "A-1" by Fitch (if the deposits are to be held
in the account for 30 days or less), in any event at any time funds are on
deposit therein; (ii) a segregated trust account maintained with a federal or
state chartered depository institution or trust company acting in its fiduciary
capacity, which, in the case of a state chartered depository institution or
trust company is subject to regulations regarding fiduciary funds on deposit
therein substantially similar to 12 C.F.R. ss. 9.10(b), and which, in either
case, has a combined capital and surplus of at least $50,000,000 and is subject
to supervision or examination by federal or state authority, and provided
further that either such depository institution or its parent has long-term
unsecured debt obligations which are rated at least "Baa3" by Moody's; (iii) an
account or accounts maintained with PNC (A) so long as PNC's long-term unsecured
debt rating shall be at least "A1" from Moody's and "A" from Fitch and its
short-term unsecured debt rating is at least "A-1" from Fitch (if the deposits
are to be held in the account for more than 30 days) or (B) PNC's short-term
deposit or short-term unsecured debt rating shall be at least "P-1" from Moody's
and "A-1" from Fitch (if the deposits are to be held in the account for 30 days
or less); (iv) for so long as Capmark Finance Inc. is acting as the Master
Servicer, a segregated trust account or accounts maintained at Escrow Bank,
Midvale, Utah ("Escrow Bank"), provided that Escrow Bank has corporate trust
powers, is acting in its fiduciary capacity and is subject to regulations
regarding fiduciary funds on deposit therein substantially similar to 12 C.F.R.
ss. 9.10(b); and (v) any other account that is acceptable to the Rating Agencies
(as evidenced by written confirmation to the Trustee from each Rating Agency
that the use of such account would not, in and of itself, result in an Adverse
Rating Event with respect to any Class of Rated Certificates).

            "Environmental Insurance Policy" shall mean, with respect to any
Mortgaged Property or REO Property, any insurance policy covering pollution
conditions and/or other environmental conditions that is maintained from time to
time in respect of such Mortgaged Property or REO Property, as the case may be,
for the benefit of, among others, the Trustee on behalf of the
Certificateholders.

            "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as amended.

            "Escrow Payment" shall mean any payment received by the Master
Servicer or the Special Servicer for the account of any Borrower for application
toward the payment of real estate taxes, assessments, insurance premiums
(including with respect to any Environmental Insurance Policy), ground rents (if
applicable) and similar items in respect of the related Mortgaged Property.

            "Euroclear" shall mean The Euroclear System.

            "Event of Default" shall have the meaning assigned thereto in
Section 7.01(a).

            "Excess Liquidation Proceeds" shall mean the excess, if any, of (a)
the Net Liquidation Proceeds from the sale or liquidation of a Specially
Serviced Mortgage Loan or REO Property, over (b) the sum of (i) the amount
needed to pay all principal, interest (including Additional Interest (if
applicable) and Default Interest) or Yield Maintenance Charges (as applicable)
and late payment charges payable with respect to such Mortgage Loan or related
REO Loan in full (or if such amount relates to an A/B Loan Pair, the amount
needed to pay off such A/B Loan Pair in full), (ii) any other fees that would
constitute Additional Master Servicing Compensation and/or Additional Special
Servicing Compensation, (iii) any related unreimbursed Servicing Advances, (iv)
all unpaid Advance Interest on any related Advances, and (v) any related
Liquidation Fee and/or Special Servicing Fees paid or payable in respect of such
Mortgage Loan or the related REO Loan and (vi) any other Additional Trust Fund
Expenses paid or payable in respect of such Mortgage Loan.

            "Excess Liquidation Proceeds Account" shall mean the account or
sub-account of the Distribution Account created and maintained by the Trustee
pursuant to Section 3.04(d) in trust for the Certificateholders, which shall be
entitled "Wells Fargo Bank, N.A. [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
2007-C1, Excess Liquidation Proceeds Account." Any such account shall be an
Eligible Account and shall be an asset of the Lower-Tier REMIC.

            "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

            "Exemption-Favored Party" shall mean any of (i) Credit Suisse, (ii)
any Person directly or indirectly, through one or more intermediaries,
controlling, controlled by or under common control with Credit Suisse, and (iii)
any member of any underwriting syndicate or selling group of which any Person
described in clauses (i) and (ii) is a manager or co-manager with respect to a
Class of Certificates (other than the Class R, Class LR and Class V
Certificates) that is investment grade rated by at least one Rating Agency.

            "Fair Value" shall have the meaning assigned thereto in Section
3.18(b).

            "Fannie Mae" shall mean the Federal National Mortgage Association or
any successor.

            "FDIC" shall mean the Federal Deposit Insurance Corporation or any
successor.

            "FHLMC" shall mean the Federal Home Loan Mortgage Corporation or any
successor.

            "Final Distribution Date" shall mean the final Distribution Date on
which any distributions are to be made on the Certificates as contemplated by
Section 9.01.

            "Final Recovery Determination" shall mean a determination made by
the Special Servicer, in its reasonable judgment, with respect to any Specially
Serviced Mortgage Loan or REO Property (other than a Mortgage Loan that is paid
in full and other than a Mortgage Loan or REO Property, as the case may be, that
is repurchased or replaced by a Mortgage Loan Seller pursuant to the related
Mortgage Loan Purchase Agreement, purchased or replaced by the Column
Performance Guarantor pursuant to the Column Performance Guarantee, purchased by
the Master Servicer, the Special Servicer or any Certificateholder(s) of a
Controlling Class pursuant to Section 9.01 or otherwise acquired by the Sole
Certificateholder(s) in exchange for all the Certificates pursuant to Section
9.01), that there has been a recovery of all related Insurance Proceeds,
Condemnation Proceeds, Liquidation Proceeds and other payments or recoveries
that will ultimately be recoverable.

            "Fitch" shall mean Fitch, Inc. or its successor in interest. If
neither such rating agency nor any successor remains in existence, "Fitch" 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
Fitch, Inc. herein referenced shall be deemed to refer to the equivalent ratings
of the party so designated; provided, however, that if such designated party has
not then assigned a rating to a depository institution, insurer or any other
Person or item, then any failure to satisfy a requirement under this Agreement
to meet or maintain such equivalent rating shall not be deemed an Event of
Default or breach of the Servicing Standard solely as a result of such failure.
References herein to "applicable rating category" (other than such references to
"highest applicable rating category") shall, in the case of Fitch, be deemed to
refer to such applicable rating category of Fitch, without regard to any plus or
minus or other comparable rating qualification.

            "Floating Rate Account" shall mean the account, accounts or, subject
to Section 3.04(i), sub-accounts created and maintained by the Trustee, pursuant
to Section 3.04(g), in trust for the Class A-MFL Certificateholders, which,
subject to Section 3.04(i), shall be entitled "Wells Fargo Bank N.A., as
Trustee, for the benefit of registered holders of Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series
2007-C1, Class A-MFL, Floating Rate Account." Any such account or sub-account
shall be an Eligible Account or, subject to Section 3.04(i), a sub-account of an
Eligible Account.

            "FNMA" shall mean the Federal National Mortgage Association or any
successor thereto

            "Form 8-K Disclosure Information" shall have the meaning assigned
thereto in Section 12.09.

            "Freddie Mac" shall mean the Federal Home Loan Mortgage Corporation
or any successor.

            "GAAP" shall mean generally accepted accounting principles in the
United States.

            "Global Certificate" shall mean, with respect to any Class of
Non-Registered Certificates, any related Regulation S Global Certificate or Rule
144A Global Certificate.

            "Grantor Trust" shall mean a grantor trust as defined under subpart
E of Part 1 of subchapter J of the Code.

            "Grantor Trust Pool" shall mean the Grantor Trust Pool designated as
such in Section 2.11.

            "Grantor Trust Provisions" shall mean Sections 671-679 of the Code
(including Treasury Regulations thereunder) and Treasury Regulations Section
301.7701-4(c).

            "Ground Lease" shall mean the ground lease pursuant to which any
Borrower holds a leasehold interest in the related Mortgaged Property, together
with any estoppels or other agreements executed and delivered by the ground
lessor in favor of the lender under the related Mortgage Loans.

            "Group Environmental Insurance Policy" shall mean an Environmental
Insurance Policy that is maintained from time to time in respect of more than
one Mortgaged Property or REO Property.

            "Hazardous Materials" shall mean any dangerous, toxic or hazardous
pollutants, chemicals, wastes, or substances, including those so identified
pursuant to CERCLA or any other federal, state or local environmental related
laws and regulations now existing or hereafter enacted, and specifically
including asbestos and asbestos-containing materials, polychlorinated biphenyls
("PCBs"), 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.

            "Independent" shall mean, when used with respect to any specified
Person, any such Person who (i) is in fact independent of the Depositor, each
Mortgage Loan Seller, the Master Servicer, the Special Servicer, the Trustee,
the Controlling Class Representative and any and all Affiliates thereof, (ii)
does not have any direct financial interest in or any material indirect
financial interest in any of the Depositor, any Mortgage Loan Seller, the Master
Servicer, the Special Servicer, the Trustee, the Controlling Class
Representative or any Affiliate thereof, and (iii) is not connected with the
Depositor, any Mortgage Loan Seller, the Master Servicer, the Special Servicer,
the Trustee, the Controlling Class Representative 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, any Mortgage Loan Seller, the Master Servicer,
the Special Servicer, the Trustee, the Controlling Class Representative 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, such
Mortgage Loan Seller, such Master Servicer, such Special Servicer, the Trustee,
the Controlling Class Representative or any such Affiliate thereof, as the case
may be, provided such ownership constitutes less than 1% of the total assets of
such Person.

            "Independent Contractor" shall mean: (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.

            "Initial Pool Balance" shall mean the aggregate Cut-off Date
Principal Balance of all the Original Mortgage Loans.

            "Initial Purchaser" shall mean Credit Suisse, as initial purchaser
of the Non-Registered Certificates.

            "Initial Resolution Period" shall have the meaning assigned thereto
in Section 2.03(b).

            "Institutional Accredited Investor" or "IAI" shall mean an
"accredited investor" as defined in any of paragraphs (1), (2), (3) and (7) of
Rule 501(a) under the Securities Act or any entity in which all of the equity
owners come within such paragraphs.

            "Insurance Policy" shall mean, with respect to any Mortgage Loan or
REO Property, any hazard insurance policy, flood insurance policy, title
insurance policy, earthquake insurance policy, Environmental Insurance Policy,
business interruption insurance policy or other insurance policy that is
maintained from time to time in respect of such Mortgage Loan (or the related
Mortgaged Property) or such REO Property, as the case may be.

            "Insurance Proceeds" shall mean proceeds paid under any Insurance
Policy, to the extent such proceeds actually received by the Trust are not
applied to the restoration of the related Mortgaged Property or REO Property or
released to the related Borrower or any other third-party in accordance with
applicable law and/or the terms and conditions of the related Mortgage Loan
Documents or any other applicable document.

            "Insured Environmental Event" shall have the meaning assigned
thereto in Section 3.07(c).

            "Interest Accrual Basis" shall mean the basis on which interest
accrues in respect of any Mortgage Loan, any Class of Regular Certificates or
any Uncertificated Lower-Tier Interest, consisting of one of the following: (i)
a 30/360 Basis; or (ii) an Actual/360 Basis.

            "Interest Accrual Period" shall mean, with respect to any Class of
Regular Certificates (other than the Class A-MFL Certificates), the Class A-MFL
Regular Interest or Uncertificated Lower-Tier Interests, for any Distribution
Date, the calendar month immediately preceding the month in which such
Distribution Date occurs. With respect to the Class A-MFL Certificates for any
Distribution Date, the period from and including the Distribution Date in the
month preceding the month in which the related Distribution Date occurs (or, in
the case of the first Distribution Date, from and including the Closing Date)
to, but excluding, the related Distribution Date; except that, if the Swap
Agreement is terminated and not replaced or if there exists a continuing payment
default by the Swap Counterparty under the Swap Agreement, then the Interest
Accrual Period with respect to the Class A-MFL Certificate for any Distribution
Date will be the same as the Interest Accrual Period for the Class A-MFL Regular
Interest. Each Interest Accrual Period with respect to any Class of Regular
Certificates (other than the Class A-MFL Certificates) and the Class A-MFL
Regular Interest shall be deemed for purposes of this definition to consist of
30 days. Each Interest Accrual Period with respect to the Class A-MFL
Certificates shall be based upon the actual number of days in the related
Interest Accrual Period; except that, if the Swap Agreement is terminated and
not replaced or if there exists a continuing payment default by the Swap
Counterparty under the Swap Agreement, then any Interest Accrual Period with
respect to the Class A-MFL Certificates will also be deemed to consist of 30
days.

            "Interest Only Certificates" shall mean the Class A-X and Class A-SP
Certificates.

            "Interest Reserve Account" shall mean the segregated account or
sub-account created and maintained by the Trustee pursuant to Section 3.04(c) in
trust for the Certificateholders, which shall be entitled "Wells Fargo Bank,
N.A. [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 2007-C1, Interest Reserve
Account." The Interest Reserve Account shall be an asset of the Lower-Tier
REMIC.

            "Interest Reserve Amount" shall mean, with respect to each Interest
Reserve Mortgage Loan and each Distribution Date that occurs during the month of
February of 2008 and each year thereafter or during the month of January of 2009
and each year thereafter that is not a leap year (unless, in either case, the
related Distribution Date is the Final Distribution Date), an amount equal to
one day's interest at the related Net Mortgage Rate on the Stated Principal
Balance of such Interest Reserve Mortgage Loan as of the end of the related
Collection Period (but prior to the application of any amounts due on such Due
Date), to the extent that a Monthly Payment is received in respect thereof for
such Due Date on or before the related Master Servicer Remittance Date or a P&I
Advance is made in respect thereof for such Due Date on the related Master
Servicer Remittance Date.

            "Interest Reserve Mortgage Loan" shall mean any Actual/360 Mortgage
Loan (or successor REO Mortgage Loan).

            "Interest Shortfall" shall mean, as to any Distribution Date and any
Class of Regular Certificates, when the amount distributed on such Distribution
Date in respect of interest is less than the Optimal Interest Distribution
Amount.

            "Interest Shortfall Amount" shall mean, as to any Distribution Date
and any Class of Regular Certificates (other than the Class A-MFL Certificates)
or the Class A-MFL Regular Interest, 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" shall mean 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" shall have the meaning assigned thereto in
Section 3.06(a).

            "Investment Company Act" shall mean the Investment Company Act of
1940, as amended.

            "IRS" shall mean the Internal Revenue Service or any successor.

            "Issue Price" shall mean, with respect to each Class of
Certificates, the "issue price" as defined in the REMIC Provisions.

            "Late Collections" shall mean: (a) with respect to any Mortgage
Loan, all amounts (except Default Charges) received by or on behalf of the Trust
thereon during any Collection Period, whether as payments, Insurance Proceeds,
Condemnation Proceeds, Liquidation Proceeds or otherwise, which represent late
collections of the principal and/or interest portions of a Monthly Payment
(other than a Balloon Payment) or an Assumed Monthly Payment in respect of such
Mortgage Loan due or deemed due on a Due Date in a previous Collection Period or
on a Due Date during or prior to March 2007, and not previously recovered; and
(b) with respect to any REO Mortgage Loan, all amounts (except Default Charges)
received by or on behalf of the Trust in connection with the related REO
Property during any Collection Period, whether as Insurance Proceeds,
Condemnation Proceeds, Liquidation Proceeds, REO Revenues or otherwise, which
represent late collections of the principal and/or interest portions of a
Monthly Payment (other than a Balloon Payment) or an Assumed Monthly Payment in
respect of the predecessor Mortgage Loan or late collections of the principal
and/or interest portions of an Assumed Monthly Payment in respect of such REO
Mortgage Loan due or deemed due on a Due Date in a previous Collection Period,
and not previously recovered.

            "Latest Possible Maturity Date" shall mean, with respect to any
Class of Regular Certificates, Uncertificated Lower-Tier Interests or the Class
A-MFL Regular Interest, the date designated as the "latest possible maturity
date" thereof solely for purposes of satisfying Treasury Regulations Section
1.860G-1(a)(4)(iii).
            "Letter of Credit" shall mean, with respect to any Mortgage Loan,
any third-party letter of credit delivered by or at the direction of the
Borrower pursuant to the terms of such Mortgage Loan in lieu of the
establishment of, or deposit otherwise required to be made into, a Reserve Fund.

            "LIBOR" shall mean, with respect to the Class A-MFL Certificates,
the LIBOR rate referred to under the heading "Floating Rate Option" in the Swap
Agreement.

            "Liquidation Event" shall mean: (a) with respect to any Mortgage
Loan, any of the following events-(i) such Mortgage Loan is paid in full, (ii) a
Final Recovery Determination is made with respect to such Mortgage Loan, (iii)
such Mortgage Loan is repurchased or replaced by a Mortgage Loan Seller pursuant
to the related Mortgage Loan Purchase Agreement or purchased or replaced by the
Column Performance Guarantor pursuant to the Column Performance Guarantee, in
each case as contemplated by Section 2.03, (iv) such Mortgage Loan is purchased
by the Special Servicer, any Certificateholder(s) of a Controlling Class or any
assignee of the foregoing pursuant to Section 3.18 or by the Master Servicer,
the Special Servicer or any Certificateholder(s) of the Controlling Class
pursuant to Section 3.18 or Section 9.01, (v) the purchase of the related
Mortgage Loan by the related mezzanine lender pursuant to the related mezzanine
intercreditor agreement, (vi) in the case of any A/B Loan Pair, the purchase of
the related A Loan by the related B Loan Holder pursuant to the related A/B
Intercreditor Agreement, or (vii) such Mortgage Loan is acquired by the Sole
Certificateholder(s) in exchange for all of the Certificates pursuant to Section
9.01; and (b) with respect to any REO Property (and the related REO Mortgage
Loan), any of the following events-(i) a Final Recovery Determination is made
with respect to such REO Property, (ii) such REO Property is purchased by the
Master Servicer, the Special Servicer or any Certificateholder(s) of the
Controlling Class pursuant to Section 9.01, or (iii) such REO Property is
acquired by the Sole Certificateholder(s) in exchange for all of the
Certificates pursuant to Section 9.01.

            "Liquidation Expenses" shall mean all customary, reasonable and
necessary "out-of-pocket" costs and expenses due and owing (but not otherwise
covered by Servicing Advances) in connection with the liquidation of any
Specially Serviced Mortgage Loan or REO Property pursuant to Section 3.09 or
Section 3.18 or final payoff of a Corrected Mortgage Loan (including legal fees
and expenses, committee or referee fees and, if applicable, brokerage
commissions and conveyance taxes, any Liquidation Fee or Workout Fee associated
with a final payoff of a Corrected Mortgage Loan and any other unreimbursed
Additional Trust Fund Expenses associated with such Mortgage Loan).

            "Liquidation Fee" shall mean, with respect to each Specially
Serviced Mortgage Loan or REO Property (other than any Specially Serviced
Mortgage Loan or REO Property that is (i) purchased by the Special Servicer or
any Certificateholder(s) of a Controlling Class or any assignee of the foregoing
pursuant to Section 3.18; provided that if any such party assigns its Purchase
Option to an unaffiliated third party without any consideration therefor (other
than nominal consideration), a Liquidation Fee shall be payable pursuant to
Section 3.11, (ii) purchased by the Master Servicer, the Special Servicer or any
Certificateholder(s) of the Controlling Class pursuant to Section 9.01, (iii)
acquired by the Sole Certificateholder(s) in exchange for all of the
Certificates pursuant to Section 9.01, (iv) purchased by the related B Loan
Holder pursuant to the related A/B Intercreditor Agreement so long as such
Specially Serviced Mortgage Loan or REO Property is purchased within 90 days of
the right to purchase arising (or such shorter time period as may be specified
in such related A/B Intercreditor Agreement), (v) repurchased or replaced no
later than the end of the applicable Initial Resolution Period and any
applicable Resolution Extension Period, as a result of a Material Breach or a
Material Document Defect, by a Mortgage Loan Seller pursuant to the related
Mortgage Loan Purchase Agreement or by the Column Performance Guarantor pursuant
to the Column Performance Guarantee, or (vi) the actual purchase of a Mortgage
Loan by a mezzanine lender pursuant to the terms of any related intercreditor
agreement within 90 days (or, with respect to any such Mortgage Loan, any
shorter time frame as set forth in the related intercreditor agreement) of such
Mortgage Loan becoming specially serviced to the extent not collected from the
related mezzanine lender pursuant to the related intercreditor agreement) the
fee designated as such and payable to the Special Servicer pursuant to the third
paragraph of Section 3.11(c).

            "Liquidation Fee Rate" shall mean, with respect to each Specially
Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable,
1.0% (100 basis points).

            "Liquidation Proceeds" shall mean all cash amounts (other than
Insurance Proceeds, Condemnation Proceeds and REO Revenues) actually received by
the Trust in connection with: (i) the liquidation of a Mortgaged Property or
other collateral constituting security for a defaulted Mortgage Loan, through
trustee's sale, foreclosure sale, REO Disposition or otherwise, exclusive of any
portion thereof required to be released to the related Borrower in accordance
with applicable law and/or the terms and conditions of the related Mortgage Note
and Mortgage; (ii) the realization upon any deficiency judgment obtained against
a Borrower; (iii) the purchase of a Defaulted Mortgage Loan by the Special
Servicer, any Certificateholder(s) of a Controlling Class or any assignee of the
foregoing pursuant to Section 3.18; (iv) the repurchase of a Mortgage Loan by a
Mortgage Loan Seller pursuant to the related Mortgage Loan Purchase Agreement or
the purchase of a Column Mortgage Loan by the Column Performance Guarantor
pursuant to the Column Performance Guarantee; (v) the substitution of one or
more Replacement Mortgage Loans for a Deleted Mortgage Loan by a Mortgage Loan
Seller pursuant to the related Mortgage Loan Purchase Agreement or by the Column
Performance Guarantor pursuant to the Column Performance Guarantee (such cash
amounts being any Substitution Shortfall Amounts); (vi) the purchase of a
Mortgage Loan or REO Property by the Master Servicer, the Special Servicer or
any Certificateholder(s) of the Controlling Class pursuant to Section 9.01;
(vii) the acquisition of any Mortgage Loan or REO Property by the Sole
Certificateholder(s) in exchange for all the Certificates pursuant to Section
9.01; (viii) the purchase of an A Loan by the related B Loan Holder pursuant to
the related A/B Intercreditor Agreement or (ix) the purchase of a Mortgage Loan
by the related mezzanine lender pursuant to the related mezzanine intercreditor
agreement. Except for the purposes of Section 3.11(c), "Liquidation Proceeds"
shall also include any payments to the Trust by a Mortgage Loan Seller or the
Column Performance Guarantor as contemplated by the second paragraph of Section
2.03(b), and any amounts transferred from a Purchase Price Security Deposit
Account to the Collection Account pursuant to Section 2.03(b) and from a Special
Reserve Account to the Collection Account pursuant to Section 2.03(d).

            "Loan Group" shall mean either of Loan Group No. 1 or Loan Group No.
2.

            "Loan Group No. 1" shall mean, collectively, all of the Mortgage
Loans that are identified on the Mortgage Loan Schedule as belonging to Loan
Group No. 1 and any successor REO Mortgage Loans with respect thereto.

            "Loan Group No. 2" shall mean, collectively, all of the
Mortgage Loans that are identified on the Mortgage Loan Schedule as
belonging to Loan Group No. 2 and any successor REO Mortgage Loans with
respect thereto.

            "Loan-to-Value Ratio" shall mean, with respect to any Mortgage Loan,
as of any date of determination, the fraction, expressed as a percentage, the
numerator of which is the principal balance of such Mortgage Loan (or, in the
case of any A Loan, of the A/B Loan Pair) at the time of determination, and the
denominator of which is the Appraised Value of the related Mortgaged Property.

            "LOC Cash Reserve" shall have the meaning assigned thereto in the
definition of "Mortgage File."

            "Lower-Tier Distribution Account" shall mean 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 "Wells
Fargo Bank, N.A., as Trustee, for the benefit of the registered holders of
Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage
Pass-Through Certificates, Series 2007-C1, Lower-Tier Distribution Account." Any
such account or accounts shall be an Eligible Account or a subaccount of an
Eligible Account.

            "Lower-Tier Distribution Amount" shall have the meaning assigned
thereto in Section 4.01.

            "Lower-Tier Principal Amount" shall mean, 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 Class Principal Balance of the Class of Related Certificates on the
Distribution Date immediately prior to such date of determination (determined
after taking into account any distributions made on such Distribution Date
pursuant to Section 4.01(a) and (b) and any Realized Loss allocated to such
Class pursuant to Section 4.04).

            "Lower-Tier REMIC" shall mean, one of two separate REMICs comprising
the Trust Fund, the assets of which consist of the Mortgage Loans (exclusive of
Post-ARD Additional Interest), any REO Property with respect thereto (exclusive
of any interest therein that a B Loan Holder may have), such amounts as shall
from time to time be held in any Collection Account, the Interest Reserve
Account, any REO Account (exclusive of any such amounts that are allocable to a
B Loan), the Excess Liquidation Proceeds Account (exclusive of any such amounts
that are allocable to a B Loan), if any, the Lower-Tier Distribution Account,
any A/B Loan Pair Custodial Account (exclusive of any such amounts that are
allocable to a B Loan) and, except as otherwise provided in this Agreement, all
other property included in the Trust Fund (other than Post-ARD Additional
Interest and the Post-ARD Additional Interest Distribution Account) that is not
in the Upper-Tier REMIC or the Grantor Trust Pool.

            "Majority Controlling Class Certificateholder" shall mean, as of any
date of determination, any single Holder or group of Holders of Certificates
representing a majority of the Voting Rights allocated to the Class of Principal
Balance Certificates that constitutes, or the Classes of Principal Balance
Certificates that constitute, the Controlling Class as of such date of
determination.

            "Master Servicer" shall mean Capmark, in its capacity as master
servicer with respect to the Mortgage Pool and any related REO Properties
hereunder, or any successor master servicer with respect to the Mortgage Pool
and any related REO Properties appointed as provided herein.

            "Master Servicer Remittance Amount" shall mean, with respect to the
Master Servicer for any Master Servicer Remittance Date, an amount equal to (a)
all amounts on deposit in such Master Servicer's Collection Account as of the
commencement of business on such Master Servicer Remittance Date, net of (b) any
portion of the amounts described in clause (a) of this definition that
represents one or more of the following: (i) collected Monthly Payments that are
due on a Due Date following the end of the related Collection Period, (ii) any
payments of principal (including Principal Prepayments) and interest (including
Post-ARD Additional Interest), Insurance Proceeds, Condemnation Proceeds and
Liquidation Proceeds received by or on behalf of the Trust after the end of the
related Collection Period, (iii) any Yield Maintenance Charges received by or on
behalf of the Trust after the end of the related Collection Period, (iv) any
Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any
Person from such Collection Account pursuant to clauses (ii) through (xxii),
(xxiv) and (xxvii) of Section 3.05(a), and (vi) any amounts deposited in such
Collection Account in error; provided that the Master Servicer Remittance
Amount, with respect to the Master Servicer, for the Master Servicer Remittance
Date that occurs in the same calendar month as the anticipated Final
Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii)
and (b)(iii) of this definition.

            "Master Servicer Remittance Date" shall mean the Business Day
preceding each Distribution Date commencing in April 2007.

            "Master Servicing Fee" shall mean, with respect to each Mortgage
Loan and REO Mortgage Loan, the fee designated as such and payable to the Master
Servicer pursuant to Section 3.11(a), which Master Servicing Fee shall include
any Primary Servicing Fee.

            "Master Servicing Fee Rate" shall mean, with respect to each
Mortgage Loan and any successor REO Mortgage Loan, the rate per annum specified
with respect to such Mortgage Loan under the heading "Master Servicing Fee Rate"
in the Mortgage Loan Schedule.

            "Material Breach" shall mean: (a) with respect to any Mortgage Loan,
any Breach that materially and adversely affects the value of, or the interests
of any Certificateholder in, such Mortgage Loan or the value of the related
Mortgaged Property; and (b) with respect to any REO Property, any Breach that
materially and adversely affects the value of, or the interests of any
Certificateholder in, such REO Property.

            "Material Document Defect" shall mean: (a) with respect to any
Mortgage Loan, any Document Defect that materially and adversely affects the
value of, or the interests of any Certificateholder in, such Mortgage Loan or
the value of the related Mortgaged Property; and (b) with respect to any REO
Property, any Document Defect that materially and adversely affects the value
of, or the interests of any Certificateholder in, such REO Property; provided
that, without limiting the generality of the foregoing, the absence of a
Specially Designated Mortgage Loan Document shall automatically be a Material
Document Defect with respect to the affected Mortgage Loan.

            "Midland" shall have the meaning assigned thereto in the Preliminary
Statement to this Agreement.

            "Modified Mortgage Loan" shall mean any Mortgage Loan as to which
any Servicing Transfer Event has occurred and which has been modified by the
Special Servicer pursuant to Section 3.20 in a manner that:

            (a) affects the amount or timing of any payment of principal or
      interest due thereon (other than, or in addition to, bringing Monthly
      Payments current with respect to such Mortgage Loan and/or extending the
      maturity date for the Mortgage Loan for less than six months);

            (b) except as expressly contemplated by the related Mortgage Loan
      Documents, results 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, or the delivery of substitute real
      property collateral with a fair market value (as is), that is not less
      than the fair market value (as is) of the property to be released, as
      determined by an Appraisal delivered to the Special Servicer (at the
      expense of the related Borrower and upon which the Special Servicer may
      conclusively rely); or

            (c) in the reasonable judgment of the Special Servicer, otherwise
      materially impairs the security for such Mortgage Loan or materially
      reduces the likelihood of timely payment of amounts due thereon.

            "Monthly Interest Distribution Amount" shall mean, with respect to
any Distribution Date and any Class of Regular Certificates (other than the
Class A-X and Class A-SP Certificates) and the Class A-MFL Regular Interest, the
amount of interest accrued for the related Interest Accrual Period at the
related Pass-Through Rate on the Class Principal Balance of such Class as of
such Distribution Date, reduced by such Class's pro rata share (based on accrued
interest) of the Net Aggregate Prepayment Interest Shortfall. As to any
Distribution Date and the Class A-X and Class A-SP Certificates, the amount of
interest accrued during the related Interest Accrual Period at the Pass-Through
Rate thereof on the Class Notional Amount thereof as of such Distribution Date,
reduced by such Class's pro rata share (based on accrued interest) of the Net
Aggregate Prepayment Interest Shortfall for such Distribution Date. The Monthly
Interest Distribution Amount for each such Class (other than the Class A-MFL
Certificates) shall be calculated on the basis of a 360-day year composed of
twelve 30-day months. The Monthly Interest Distribution Amount for the Class
A-MFL Certificates for any Distribution Date, for so long as the Swap Agreement
is in effect and no payment default by the Swap Counterparty exists under the
Swap Agreement, shall be calculated on the basis of the actual number of days in
that Interest Accrual Period and the assumption that each year consists of 360
days, except that, if the Swap Agreement is terminated and not replaced or if
there exists a continuing payment default by the Swap Counterparty under the
Swap Agreement, then the calculation with respect to the Class A-MFL
Certificates will be on the same basis as the Class A-MFL Regular Interest.

            "Monthly Payment" shall mean, with respect to any Mortgage Loan as
of any Due Date, the scheduled monthly payment (or, in the case of an ARD
Mortgage Loan after its Anticipated Repayment Date, the minimum required monthly
payment) of principal and/or interest on such Mortgage Loan, including any
Balloon Payment, that is actually payable by the related Borrower from time to
time under the terms of the related Mortgage Note (as such terms may be changed
or modified in connection with a bankruptcy, insolvency or similar proceeding
involving the related Borrower or by reason of a modification, waiver or
amendment granted or agreed to by the Master Servicer or the Special Servicer
pursuant to Section 3.20); provided that the Monthly Payment due in respect of
any ARD Mortgage Loan after its Anticipated Repayment Date shall not include
Post-ARD Additional Interest.

            "Moody's" shall mean 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; provided, however, that if such designated party has not then
assigned a rating to a depository institution, insurer or any other Person or
item, then any failure to satisfy a requirement under this Agreement to meet or
maintain such equivalent rating shall not be deemed an Event of Default or
breach of the Servicing Standard solely as a result of such failure. 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.

            "Mortgage" shall mean, with respect to any Mortgage Loan, separately
and collectively, as the context may require, each mortgage, deed of trust, deed
to secure debt or similar document that secures the related Mortgage Note and
creates a lien on the related Mortgaged Property.

            "Mortgage File" shall mean, with respect to any Mortgage Loan,
subject to Sections 1.04 and 2.01, the following documents on a collective
basis:

            (i)   the original Note (or a lost note affidavit and indemnity),
                  bearing, or accompanied by, all prior and intervening
                  endorsements or assignments showing a complete chain of
                  endorsement, assignment or allonge from the applicable
                  Mortgage Loan Originator either in blank or to the Mortgage
                  Loan Seller, and further endorsed (at the direction of the
                  Depositor given pursuant to the Mortgage Loan Purchase
                  Agreement) by the Mortgage Loan Seller, on its face or by
                  allonge attached thereto, without recourse, in blank or to the
                  order of the Trustee in the following form: "Pay to the order
                  of Wells Fargo Bank, N.A., as trustee for the registered
                  Holders of Credit Suisse First Boston Mortgage Securities
                  Corp., Commercial Mortgage Pass-Through Certificates, Series
                  2007-C1, without recourse";

            (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 Mortgage Loan Seller, in each case in the form
                  submitted for recording or, if recorded, with evidence of
                  recording indicated thereon;

            (iii) an original or a copy of any related Assignment of Leases (if
                  such item is a document separate from the Mortgage) and of any
                  intervening assignments thereof that precede the assignment
                  referred to in clause (v) of this definition, in each case
                  (unless the particular item has not been returned from the
                  applicable recording office) with evidence of recording
                  indicated thereon or certified as to recording by the
                  applicable recording office;

            (iv)  an original executed assignment of the Mortgage, in blank or
                  in favor of Wells Fargo, as trustee for the registered holders
                  of Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  in recordable form (except for any missing recording
                  information with respect to such Mortgage);

            (v)   an original executed assignment of any related Assignment of
                  Leases (if such item is a document separate from the
                  Mortgage), in blank or in favor of Wells Fargo, as trustee for
                  the registered holders of Credit Suisse First Boston Mortgage
                  Securities Corp., Commercial Mortgage Pass-Through
                  Certificates, Series 2007-C1, in recordable form (except for
                  any missing recording information with respect to such
                  Assignment of Leases);

            (vi)  originals or copies of any written assumption, modification,
                  written assurance and substitution agreements in those
                  instances where the terms or provisions of the Mortgage or
                  Mortgage Note have been modified or the Mortgage Loan has been
                  assumed, in each case (unless the particular item has not been
                  returned from the applicable recording office) with evidence
                  of recording indicated thereon or certified as to recording by
                  the applicable recording office if the instrument being
                  modified or assumed is a recordable document;

            (vii) the original or a copy of the policy of lender's title
                  insurance or, if such policy has not yet been issued, a
                  "marked-up" pro forma title policy or commitment for title
                  insurance marked as binding and countersigned by the title
                  insurer or its authorized agent either on its face or by an
                  acknowledged closing instruction or escrow letter with the
                  original title insurance policy delivered by September 30,
                  2008;

            (viii) 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 Mortgage Loan Originator
                  (and each assignee of record prior to the Trustee) in and to
                  the personalty of the Borrower at the Mortgaged Property that
                  is described in the related Mortgage or a separate security
                  agreement, and original UCC Financing Statement assignments in
                  a form suitable for filing or recording, sufficient to
                  transfer such to the Trustee;

            (ix)  an original or copy of any related Loan Agreement (if separate
                  from the related Mortgage) and an original or copy of any
                  related lock-box agreement or cash collateral agreement (if
                  separate from the related Mortgage and Loan Agreement;

            (x)   the original or a copy of any power of attorney, guaranty, or
                  cash management agreement relating to such Mortgage Loan;

            (xi)  any original documents (including any Letter(s) of Credit)
                  evidencing or constituting Additional Collateral and, if
                  applicable, the originals or copies of any amendments or
                  intervening assignments thereof, provided that in connection
                  with the delivery of the Mortgage File to the Trust, the
                  original of each Letter of Credit (and any related amendment
                  or assignment) shall be delivered to the Master Servicer and a
                  copy thereof shall be delivered to the Trustee or a Custodian
                  on its behalf;

            (xii) the original or a copy of any security agreement relating to
                  Additional Collateral and an executed assignment thereof in
                  blank or in favor of Wells Fargo, as trustee, for the
                  registered holders of Credit Suisse First Boston Mortgage
                  Securities Corp., Commercial Pass-Through Certificates, Series
                  2007-C1, in recordable form;

            (xiii) the original or a copy of any intercreditor agreement
                  (including any A/B Intercreditor Agreement), subordination
                  agreement, standstill agreement, co-lender agreement or
                  similar agreement relating to such Mortgage Loan together
                  with, if the Mortgage Loan is an A Loan, a copy of the
                  promissory note for the related B Loan and, with respect to
                  any debt of a Borrower or mezzanine borrower permitted under
                  the Mortgage Loan, copies of any related mezzanine loan
                  documents or preferred equity documents;

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

            (xv)  the original or copy of any Ground Lease, Ground Lease
                  estoppels and any amendments thereto, if any;

            (xvi) the original or copy of any property management agreement
                  (provided that no property management agreement shall be
                  required to be part of the Mortgage File, if an original or
                  copy of such property management agreement is included in the
                  related Servicing File);

            (xvii) copies of franchise agreements and franchisor comfort
                  letters, if any, for hospitality properties and any applicable
                  transfer or assignment documents;

            (xviii) any additional documents required to be added to the
                  Mortgage File pursuant to this Agreement; and

            (xix) the checklist of the related Mortgage Loan Documents, if any,
                  that is included in the Mortgage File for the related Mortgage
                  Loan;

provided that whenever the term "Mortgage File" is used to refer to documents
actually received by the Trustee or by a Custodian or, if applicable, the Master
Servicer on its behalf such term shall be deemed not to include such documents
and instruments required to be included therein unless they are actually so
received; and provided, further, that the Mortgage File for any Mortgage Loan
need not include any Letter of Credit referred to in item (xi) of this
definition if, in lieu thereof, the related Mortgage Loan Seller has, on behalf
of the related Borrower, either (1) delivered to the Trustee a substitute letter
of credit, in the same amount and with the same draw conditions and renewal
rights as, and otherwise substantially similar to, that Letter of Credit and
issued by an obligor that meets any criteria in the related Mortgage Loan
Documents applicable to the issuer of that Letter of Credit or (2) delivered to
the Master Servicer a cash reserve in an amount equal to the amount of that
Letter of Credit (the "LOC Cash Reserve"), which substitute letter of credit can
be drawn on, or which cash reserve can be applied, to cover the same items as
that Letter of Credit was intended to cover. If any B Loan is being serviced and
administered in accordance herewith, the Mortgage File for the related A Loan
shall also constitute the Mortgage File for such B Loan.

            "Mortgage Loan" shall mean each of the Original Mortgage Loans and
Replacement Mortgage Loans that are from time to time held in the Trust Fund,
including any such Original Mortgage Loan or Replacement Mortgage Loan that has
been wholly or partially defeased. As used herein, the term "Mortgage Loan"
includes the related Mortgage Loan Documents.

            "Mortgage Loan Documents" shall mean, with respect to any Mortgage
Loan, the documents included or required to be included, as the context may
require, in the related Mortgage File and Servicing File.

            "Mortgage Loan Purchase Agreement" shall mean any of the Column
Mortgage Loan Purchase Agreement and the Capmark Mortgage Loan Purchase
Agreement.

            "Mortgage Loan Schedule" shall mean, collectively, the two schedules
of Mortgage Loans attached hereto as Exhibit B-1A and Exhibit B-1B,
respectively, as any such schedule may be amended from time to time in
accordance with this Agreement, collectively, which list sets forth the
following information with respect to each Mortgage Loan:

                  (i) the loan number (as specified in Exhibit A-1 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 Mortgage 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 Interest Accrual Period;

                  (xiii) the applicable Master Servicing Fee Rate (and, in the
            case of the Column Mortgage Loans, any applicable Primary Servicing
            Fee Rate);

                  (xiv) the Due Date;

                  (xv) whether such loan is an ARD Mortgage Loan;

                  (xvi) whether the Mortgage 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 related
            Mortgage Loan Documents require such insurance;

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

                  (xix) whether such Mortgage Loan is secured by the related
            Borrower's interest in Ground Leases;

                  (xx) whether such Mortgage Loan is secured by a Letter of
            Credit; and

                  (xxi) which Loan Group includes such Mortgage Loan.

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

            "Mortgage Loan Seller" shall mean the Column Mortgage Loan Seller or
the Capmark Mortgage Loan Seller.

            "Mortgage Note" shall mean the original executed note evidencing the
indebtedness of a Borrower under a Mortgage Loan, together with any rider,
addendum or amendment thereto, or any renewal, substitution or replacement of
such note.

            "Mortgage Pool" shall mean all of the Mortgage Loans and any
successor REO Mortgage Loans, collectively, as of any particular date of
determination.

            "Mortgage Rate" shall mean, with respect to any Mortgage Loan (and
any successor REO Mortgage Loan), the annualized rate at which interest is
scheduled (in the absence of a default) to accrue on such Mortgage Loan from
time to time in accordance with the related Mortgage Note and applicable law, as
such rate may be modified in connection with a bankruptcy, insolvency or similar
proceeding involving the related Borrower or by the Master Servicer or the
Special Servicer in accordance with Section 3.20. In the case of each of the ARD
Mortgage Loans, the related Mortgage Rate will be subject to increase in
accordance with the related Mortgage Note if the particular Mortgage Loan is not
paid in full by its Anticipated Repayment Date.

            "Mortgaged Property" shall mean, individually and collectively, as
the context may require, each real property (together with all improvements and
fixtures thereon) subject to the lien of a Mortgage and constituting collateral
for a Mortgage Loan. With respect to any Cross-Collateralized Mortgage Loan, if
and when the context may require, "Mortgaged Property" shall mean, collectively,
all the mortgaged real properties (together with all improvements and fixtures
thereon) securing the relevant Cross-Collateralized Group.

            "Mortgagee" shall mean the holder of legal title to any Mortgage
Loan, together with any third parties through which such holder takes actions
with respect to such Mortgage Loan.

            "Net Aggregate Prepayment Interest Shortfall" shall mean, with
respect to any Distribution Date, the amount, if any, by which (a) the aggregate
of all Prepayment Interest Shortfalls incurred in connection with the receipt of
Principal Prepayments on the Mortgage Loans during the related Collection
Period, exceeds (b) the amount of any Compensating Interest Payment remitted by
the Master Servicer pursuant to Section 3.19(a) on the Master Servicer
Remittance Date related to such Distribution Date.

            "Net Assumption Application Fee" shall have the meaning assigned
thereto in Section 3.08.

            "Net Assumption Fee" shall have the meaning assigned thereto in
Section 3.08.

            "Net Default Charges" shall mean, with respect to any Mortgage Loan
or REO Mortgage Loan, the Default Charges referred to in clause Fourth of
Section 3.26(a), which are payable to the Master Servicer as Additional Master
Servicing Compensation or the Special Servicer as Additional Special Servicing
Compensation.

            "Net Investment Earnings" shall mean, with respect to any Investment
Account for any Collection Period, the amount, if any, by which the aggregate of
all interest and other income realized during such Collection Period in
connection with the investment of funds held in such Investment Account for the
benefit of the Master Servicer, the Special Servicer or the Trustee, as
applicable, in accordance with Section 3.06, exceeds the aggregate of all
losses, if any, incurred during such Collection Period in connection with the
investment of such funds for the benefit of such Master Servicer, such Special
Servicer or the Trustee, as applicable, in accordance with Section 3.06 (other
than losses of what would otherwise have constituted interest or other income
earned on such funds).

            "Net Investment Loss" shall mean, with respect to any Investment
Account for any Collection Period, the amount by which the aggregate of all
losses, if any, incurred during such Collection Period in connection with the
investment of funds held in such Investment Account for the benefit of the
Master Servicer, the Special Servicer or the Trustee, as applicable, in
accordance with Section 3.06 (other than losses of what would otherwise have
constituted interest or other income earned on such funds), exceeds the
aggregate of all interest and other income realized during such Collection
Period in connection with the investment of such funds for the benefit of such
Master Servicer, such Special Servicer or the Trustee, as applicable, in
accordance with Section 3.06; provided that, in the case of any Investment
Account and any particular investment of funds in such Investment Account, Net
Investment Loss shall not include any loss with respect to such investment which
is incurred solely as a result of the insolvency of the federal or state
chartered depository institution or trust company that holds such Investment
Account, so long as such depository institution or trust company (i) satisfied
the qualifications set forth in the definition of Eligible Account both at the
time such investment was made and also as of a date not more than 30 days prior
to the date of such loss and (ii) was not such Master Servicer, such Special
Servicer, such Trustee or any Affiliate thereof, as applicable.

            "Net Liquidation Proceeds" shall mean the excess, if any, of all
Liquidation Proceeds actually received by the Trust with respect to any
Specially Serviced Mortgage Loan or REO Property, over the amount of all
Liquidation Expenses incurred with respect thereto and all related Servicing
Advances reimbursable therefrom.

            "Net Mortgage Pass-Through Rate" shall mean:

            (A) With respect to any Mortgage Loan (or any successor REO Mortgage
Loan with respect thereto) that accrues interest on a 30/360 Basis, for any
Distribution Date, an annual rate equal to the original Net Mortgage Rate for
such Mortgage Loan; and

            (B) With respect to any Mortgage Loan (or any successor REO Mortgage
Loan with respect thereto) that accrues interest on an Actual/360 Basis, for any
Distribution Date, an annual rate generally equal to twelve times a fraction,
expressed as a percentage:

            (1)   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 (disregarding the last sentence of the
                  definition of Interest Accrual Period), multiplied by (b) the
                  Stated Principal Balance of such Mortgage Loan (or such REO
                  Mortgage Loan) immediately preceding such Distribution Date,
                  multiplied by (c) 1/360, multiplied by (d) the Original Net
                  Mortgage Rate for such Mortgage Loan; and

            (2)   the denominator of which is the Stated Principal Balance of
                  such Mortgage Loan (or such REO Mortgage Loan) immediately
                  preceding that Distribution Date.

            Notwithstanding the foregoing, if the subject Distribution Date
occurs during January, except during a leap year, or February of any year
subsequent to 2007 (unless the Final Distribution Date occurs in such month),
then the amount of interest referred to in the fractional numerator described in
clause (B)(1) above will be decreased to reflect any Withheld Amounts with
respect to the subject Mortgage Loan (or REO Mortgage Loan) transferred from the
Distribution Account to the Interest Reserve Account in such calendar month.
Furthermore, if the subject Distribution Date occurs during March of any year
subsequent to 2007 (or February, if the Final Distribution Date occurs in such
month), then the amount of interest referred to in the fractional numerator
described in clause (B)(1) above will be increased to reflect any Withheld
Amounts with respect to the subject Mortgage Loan (or REO Mortgage Loan)
transferred from the Interest Reserve Account to the Distribution Account for
distribution on such Distribution Date.

            "Net Mortgage Rate" shall mean, with respect to any Mortgage Loan
(or successor REO Mortgage Loan), the rate per annum equal to (a) the related
Mortgage Rate minus (b) (i) the related Administrative Fee Rate and (ii) in the
case of an ARD Mortgage Loan after its Anticipated Repayment Date, the related
Post-ARD Additional Interest Rate.

            "New Lease" shall mean any lease of an 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 Certificateholders, if the
Special Servicer has the right to renegotiate the terms of such lease.

            "Nonrecoverable Advance" shall mean any Nonrecoverable P&I Advance
or Nonrecoverable Servicing Advance.

            "Nonrecoverable P&I Advance" shall mean the portion of any P&I
Advance previously made or proposed to be made in respect of a Mortgage Loan or
an REO Mortgage Loan (including any P&I Advance that constitutes a
Workout-Delayed Reimbursement Amount) 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 or the Trustee,
as applicable, will not be ultimately recoverable, together with any accrued and
unpaid interest thereon (paid at the Reimbursement Rate), from Late Collections
or any other recovery on or in respect of such Mortgage Loan or REO Mortgage
Loan. "Nonrecoverable P&I Advance" shall also include any Workout-Delayed
Reimbursement Amounts when the Person making such determination in accordance
with the procedures specified herein for Nonrecoverable Servicing Advances or
Nonrecoverable P&I Advances, as applicable, has determined that such amounts
constitute Nonrecoverable Advances. The determination by the Master Servicer,
the Special Servicer or the Trustee, as applicable, that it has made (or, in the
case of a determination made by the Special Servicer, that the Master Servicer
or Trustee 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 and the
Special Servicer, in the case of the Master Servicer, (ii) to the Master
Servicer and the Trustee in the case of the Special Servicer, (iii) to the
Depositor, the Master Servicer and the Special Servicer, in the case of the
Trustee, and (iv) in each case, to the Controlling Class Representative, each B
Loan Holder or its designee (if any A/B Loan Pair or any related REO Mortgage
Loan is involved) and to any Requesting Subordinate Certificateholder (at the
expense of such Requesting Subordinate Certificateholder) setting forth such
determination of nonrecoverability and the considerations of the Master
Servicer, the Special Servicer or the Trustee, 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 Mortgaged Property,
the cost of which Appraisal shall, subject to Section 3.03(c), be advanced by
the Master Servicer as a Servicing Advance). Such Officer's Certificate shall be
accompanied by the Appraisal and all other supporting documentation relevant to
the subject parties' nonrecoverability determination. The Trustee shall be
entitled to conclusively rely on the Master Servicer's determination that a P&I
Advance is nonrecoverable. The Master Servicer and the Trustee shall
conclusively rely on the Special Servicer's affirmative determination that a P&I
Advance is nonrecoverable after the Special Servicer provides written notice of
such affirmative determination to such parties. In no event shall a
determination by the Special Servicer that a previously made or proposed P&I
Advance would be recoverable be binding on the Master Servicer or Trustee.

            "Nonrecoverable Servicing Advance" shall mean the portion of any
Servicing Advance previously made or proposed to be made in respect of a
Mortgage Loan or REO Property (including any Servicing Advance that constitutes
a Workout-Delayed Reimbursement Amount) 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 or the
Trustee, as the case may be, will not be ultimately recoverable, together with
any accrued and unpaid interest thereon (paid at the Reimbursement Rate), from
Late Collections or any other recovery on or in respect of such Mortgage Loan or
REO Property. "Nonrecoverable Servicing Advance" shall also include any
Workout-Delayed Reimbursement Amounts when the Person making such determination
in accordance with the procedures specified for Nonrecoverable Servicing
Advances or Nonrecoverable P&I Advances, as applicable, has determined that such
amounts constitute Nonrecoverable Advances. The determination by the Master
Servicer, the Special Servicer or the Trustee, 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, the Special Servicer or the Trustee 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 and the Special Servicer, in
the case of the Master Servicer, (ii) to the Master Servicer and the Trustee in
the case of the Special Servicer, (iii) to the Depositor, the Special Servicer
and the Master Servicer, in the case of the Trustee, and (iv) and in each case,
to the Controlling Class Representative, to each B Loan Holder or its designee
(if any A/B Loan Pair or any related REO Property is involved) and to any
Requesting Subordinate Certificateholder (at the expense of such Requesting
Subordinate Certificateholder). The Officer's Certificate shall set forth such
determination of nonrecoverability and the considerations of the Master
Servicer, the Special Servicer or the Trustee, 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 Mortgaged Property,
the cost of which Appraisal shall, subject to Section 3.03(c), be advanced by
the Master Servicer as a Servicing Advance). Such Officer's Certificate shall be
accompanied by the Appraisal and all other supporting documentation relevant to
the subject parties' nonrecoverability determination. The Trustee shall be
entitled to conclusively rely on the Master Servicer's determination that a
Servicing Advance is nonrecoverable. The Master Servicer and the Trustee shall
conclusively rely on the Special Servicer's affirmative determination that a
Servicing Advance is a Nonrecoverable Servicing Advance after the Special
Servicer provides written notice of such affirmative determination to such
parties. In no event shall a determination by the Special Servicer that a
previously made or proposed Servicing Advance would be recoverable be binding on
the Master Servicer or Trustee.

            "Non-Registered Certificate" shall mean any Certificate that has not
been subject to registration under the Securities Act. As of the Closing Date,
the Class A-X, Class B, Class C, Class D, Class E, Class F, Class G, Class H,
Class J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q, Class S,
Class T, Class V, Class R and Class LR Certificates will constitute
Non-Registered Certificates.

            "Non-United States Tax Person" shall mean any Person other than a
United States Tax Person.

            "Note" shall mean the original executed note (or, if applicable,
multiple notes collectively) evidencing the indebtedness of a Borrower under a
Mortgage Loan, together with any rider, addendum or amendment thereto.

            "NRSRO" shall mean a nationally recognized statistical rating
organization as the term is used in federal securities laws.

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

            "Opinion of Counsel" shall mean a written opinion of counsel (which
counsel, in the case of any such opinion relating to the taxation of the Trust
Fund or any portion thereof or the status of the Upper-Tier REMIC or the
Lower-Tier REMIC as a REMIC or the status of the Grantor Trust Pool as a grantor
trust for federal income tax purposes, shall be Independent of the Depositor,
each Mortgage Loan Seller, the Master Servicer, the Special Servicer and the
Trustee, but which may act as counsel to such Person) acceptable to and
delivered to the addressee(s) thereof and which Opinion of Counsel, except as
provided herein, shall not be at the expense of the Trustee.

            "Optimal Interest Distribution Amount" shall mean, as to any
Distribution Date and any Class of Regular Certificates (other than the Class
A-MFL Certificates) and the Class A-MFL Regular Interest, the sum of the Monthly
Interest Distribution Amount and the Interest Shortfall Amount for such Class
for such Distribution Date. As to any Distribution Date and any Uncertificated
Lower-Tier Interest, the sum of the Monthly Interest Distribution Amount and the
Interest Shortfall Amount for such Uncertificated Lower-Tier Interest for such
Distribution Date.

            "Original Capmark Mortgage Loans" shall have the meaning assigned
thereto in the Preliminary Statement to this Agreement.

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

            "Original Class Notional Amount" shall mean, with respect to the
Class A-SP and Class A-X Certificates, the initial class notional amount thereof
as of the Closing Date, in each case as specified in the Preliminary Statement.

            "Original Column Mortgage Loans" shall have the meaning assigned
thereto in the Preliminary Statement to this Agreement.

            "Original Lower-Tier Principal Amount" shall mean, 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 Mortgage Loans" shall have the meaning assigned thereto in
the Preliminary Statement to this Agreement.

            "OTS" shall mean the Office of Thrift Supervision or any successor
thereto.

            "Ownership Interest" shall mean, in the case of 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" shall mean, with respect to any Mortgage Loan or REO
Mortgage Loan, any advance made by the Master Servicer or the Trustee pursuant
to Section 4.03.

            "Pass-Through Rate" shall mean, with respect to each Class of
Certificates and the Class A-MFL Regular Interest, 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-AB:                     Class A-AB Pass-Through Rate
Class A-3:                      Class A-3 Pass-Through Rate
Class A-1-A:                    Class A-1-A Pass-Through Rate
Class A-SP:                     Class A-SP Pass-Through Rate
Class A-X:                      Class A-X Pass-Through Rate
Class A-M:                      Class A-M Pass-Through Rate
Class A-MFL Regular Interest:   Class A-MFL Regular Interest Pass-Through Rate
Class A-MFL:                    Class A-MFL Pass-Through Rate
Class A-J:                      Class A-J 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
Class P:                        Class P Pass-Through Rate
Class Q:                        Class Q Pass-Through Rate
Class S:                        Class S Pass-Through Rate
Class T:                        Class T Pass-Through Rate

            "Paying Agent" shall have the meaning assigned thereto in Section
5.07.

            "PCAOB" shall mean the Public Company Accounting Oversight Board.

            "Percentage Interest" shall mean (a) with respect to any Regular
Certificate, the portion of the relevant Class evidenced by such Certificate,
expressed as a percentage, the numerator of which is the Certificate Principal
Balance or Certificate Notional Amount, as the case may be, of such Certificate
as of the Closing Date, as specified on the face thereof, and the denominator of
which is the Class Principal Balance or Class Notional Amount, as the case may
be, of the relevant Class as of the Closing Date; and (b) with respect to a
Class V, Class R or Class LR Certificate, the percentage interest in
distributions to be made with respect to the relevant Class, as stated on the
face of such Certificate.

            "Performance Certification" shall have the meaning set forth in
Section 12.08.

            "Performing Mortgage Loan" shall mean, as of any date of
determination, any Mortgage Loan as to which no Servicing Transfer Event then
exists.

            "Performing Party" shall have the meaning assigned thereto in
Section 12.14.

            "Permitted Investments" shall mean any one or more of the following
obligations or securities, regardless whether issued by the Depositor, the
Master Servicer, the Special Servicer or 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 that 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, further, 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 (A) ratings in
            the highest long-term unsecured debt rating category of each Rating
            Agency or (B) 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; and provided (a) it shall have a
predetermined fixed dollar of principal due at maturity that cannot vary or
change and (b) any such investment that provides for a variable rate of interest
must have an interest rate that is tied to a single interest rate index plus a
fixed spread, if any, and move proportionately with such index.

            "Permitted Transferee" shall mean any Transferee of a Class R or
Class LR Certificate other than a Disqualified Organization, a Non-United States
Tax Person or a foreign permanent establishment or fixed base (each within the
meaning of the applicable income tax treaty) of a United States Tax Person;
provided, however, that if a Transferee is classified as a partnership under the
Code, such Transferee shall only be a Permitted Transferee if all of its direct
or indirect (except through a U.S. corporation) beneficial owners are (and must
be, under the applicable partnership agreement) United States Tax Persons and
the governing documents of the Transferee prohibit a transfer of any interest in
the Transferee to any Non-United States Tax Person.

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

            "Phase I Environmental Assessment" shall mean a "Phase I assessment"
as described in and meeting the criteria of the American Society for Testing and
Materials, Designation E-1527.

            "Plan" shall mean any of those retirement plans and other employee
benefit plans, including individual retirement accounts and annuities, Keogh
plans and collective investment funds and separate accounts in which such plans,
accounts or arrangements are invested, including insurance company general
accounts, that are subject to Title I of ERISA, Section 4975 of the Code or
Similar Law.

            "Plurality Class LR Certificateholder" shall mean, as to any taxable
year of the Lower-Tier REMIC, the Holder of Certificates evidencing the largest
Percentage Interest in the Class LR Certificates.

            "Plurality Class R Certificateholder" shall mean, as to any taxable
year of the Upper-Tier REMIC, the Holder of Certificates evidencing the largest
Percentage Interest in the Class R Certificates.

            "PNC" shall mean PNC Bank, National Association.

            "Post-ARD Additional Interest" shall mean, with respect to any ARD
Mortgage Loan after its Anticipated Repayment Date, all interest accrued on the
principal balance of such ARD Mortgage Loan at the Post-ARD Additional Interest
Rate (the payment of which interest shall, under the terms of such Mortgage
Loan, be deferred until the principal balance of such Mortgage Loan has been
paid in full), together with all interest, if any, accrued at the related
Mortgage Rate on such deferred interest.

            "Post-ARD Additional Interest Distribution Account" shall mean 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(b), which shall be entitled "Wells Fargo Bank, N.A., as Trustee, in trust
for the registered holders of Credit Suisse First Boston Mortgage Securities
Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C1, Post-ARD
Additional Interest Distribution Account" and which shall be an Eligible
Account. The Post-ARD Additional Interest Distribution Account shall be an asset
of the Grantor Trust Pool and not an asset of the Lower-Tier REMIC or the
Upper-Tier REMIC.

            "Post-ARD Additional Interest Rate" shall mean, with respect to any
ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase
in the Mortgage Rate for such Mortgage Loan resulting from the passage of such
Anticipated Repayment Date.

            "Prepayment Assumption" shall mean, for purposes of determining the
accrual of original issue discount, market discount and premium, if any, on the
Mortgage Loans and the Certificates for federal income tax purposes, the
assumptions that each ARD Mortgage Loan is paid in its entirety on its
Anticipated Prepayment Date and that no Mortgage Loan is otherwise voluntarily
prepaid prior to its Stated Maturity Date.

            "Prepayment Interest Excess" shall mean, with respect to any
Mortgage Loan that was subject to a Principal Prepayment in full or in part, or
any early collection of principal in the form of Insurance Proceeds or
Condemnation Proceeds received, made after the Due Date for such Mortgage Loan
in any Collection Period, any payment of interest (net of related Master
Servicing Fees and, further, net of any portion of such interest that represents
Default Interest or Post-ARD Additional Interest) actually collected from the
related Borrower or out of such Insurance Proceeds or Condemnation Proceeds, as
the case may be, and intended to cover the period from and after such Due Date
to, but not including, the date of prepayment (exclusive, however, of any
related Yield Maintenance Charge that may have been collected).

            "Prepayment Interest Shortfall" shall mean with respect to any
Mortgage Loan that was subject to a Principal Prepayment in full or in part, or
any early collection of principal in the form of Insurance Proceeds or
Condemnation Proceeds received, made prior to the Due Date for such Mortgage
Loan in any Collection Period, the amount of interest, to the extent not
collected from the related Borrower or out of such Insurance Proceeds or
Condemnation Proceeds, as the case may be (without regard to any Yield
Maintenance Charge that may have been collected), that would have accrued on the
amount of such Principal Prepayment or other early collection of Insurance
Proceeds or Condemnation Proceeds during the period from the date of prepayment
to, but not including, such Due Date (less the amount of related Master
Servicing Fees and, if applicable, exclusive of Default Interest and Post-ARD
Additional Interest).

            "Primary Servicing Fee" shall mean any primary servicing fee payable
to a Designated Sub-Servicer pursuant to a Designated Sub-Servicer Agreement.

            "Primary Servicing Fee Rate" shall mean, with respect to each
Mortgage Loan and any successor REO Mortgage Loan, the rate per annum specified
with respect to such Mortgage Loan under the heading "Primary Servicing Fee
Rate" in the Mortgage Loan Schedule.

            "Primary Servicing Office" shall mean the office of the Master
Servicer or the Special Servicer, as the context may require, that is primarily
responsible for such party's servicing obligations hereunder.

            "Prime Rate" shall mean the "prime rate" published in the "Money
Rates" section of The Wall Street Journal, as such "prime rate" may change from
time to time. If The Wall Street Journal ceases to publish the "prime rate,"
then the Trustee, in its sole discretion, shall select an equivalent publication
that publishes such "prime rate"; and if such "prime rate" is no longer
generally published or is limited, regulated or administered by a governmental
or quasi- governmental body, then the Trustee shall select a comparable interest
rate index. In either case, such selection shall be made by the Trustee in its
sole discretion and the Trustee shall notify the Master Servicer and the Special
Servicer in writing of its selection.

            "Principal Balance Certificates" shall mean, collectively, the Class
A-P&I Certificates and the Subordinate Principal Balance Certificates.

            "Principal Distribution Adjustment Amount" shall mean, as to any
Distribution Date, the sum of (i) the amount of any Nonrecoverable Advance that
was reimbursed to the Master Servicer, Special Servicer or Trustee and that was
deemed to have been reimbursed out of the Principal Distribution Amount, in each
case, with interest on such Advance (accrued at the Reimbursement Rate), during
the period since the preceding Distribution Date, (ii) any Workout-Delayed
Reimbursement Amount that was reimbursed to the Master Servicer, Special
Servicer or Trustee and that was deemed to have been reimbursed out of the
Principal Distribution Amount, in each case, with interest on such Advance
(accrued at the Reimbursement Rate), during the period since the preceding
Distribution Date and (iii) if any Insurance Proceeds, Condemnation Proceeds or
Liquidation Proceeds were received with respect to any Mortgage Loan or REO
Property, and/or any Mortgage Loan or REO Property is otherwise liquidated
(including by means of a Final Recovery Determination or the receipt of full,
partial, or discounted payoff), during the related Collection Period, an amount
equal to any Workout Fees and/or Liquidation Fees payable in connection
therewith

            "Principal Distribution Amount" shall mean:

            (a) with respect to any Distribution Date prior to the Final
      Distribution Date, an amount equal to the aggregate (without duplication)
      of the following-

            (i)   all payments of principal (including Principal Prepayments)
                  received by or on behalf of the Trust with respect to the
                  Mortgage Loans during the related Collection Period, in each
                  case net of any portion of the particular payment that
                  represents a Late Collection of principal for which a P&I
                  Advance was previously made for a prior Distribution Date or
                  that represents the principal portion of a Monthly Payment due
                  on or before the related Due Date in March 2007 or on a Due
                  Date subsequent to the end of the related Collection Period,

            (ii)  all scheduled payments of principal due in respect of the
                  Mortgage Loans for their respective Due Dates occurring during
                  the related Collection Period that were received by or on
                  behalf of the Trust (other than as part of a Principal
                  Prepayment) prior to the related Collection Period,

            (iii) all Insurance Proceeds, Condemnation Proceeds, Liquidation
                  Proceeds and proceeds of any purchase or repurchase of a
                  Mortgage Loan pursuant to this Agreement or any A/B
                  Intercreditor Agreement, received by or on behalf of the Trust
                  with respect to any of the Mortgage Loans during the related
                  Collection Period that were identified and applied as
                  recoveries of principal of such Mortgage Loans in accordance
                  with Section 1.03, in each case net of any portion of such
                  proceeds that represents a Late Collection of principal due on
                  or before the related Due Date in March 2007 or for which a
                  P&I Advance was previously made for a prior Distribution Date,

            (iv)  all Insurance Proceeds, Condemnation Proceeds, Liquidation
                  Proceeds and REO Revenues received by or on behalf of the
                  Trust in respect of any REO Properties during the related
                  Collection Period that were identified and applied as
                  recoveries of principal of the related REO Mortgage Loans in
                  accordance with Section 1.03, in each case net of any portion
                  of such proceeds and/or revenues that represents a Late
                  Collection of principal due on or before the related Due Date
                  in March 2007 or for which a P&I Advance was previously made
                  for a prior Distribution Date, and

            (v)   the respective principal portions of all P&I Advances made in
                  respect of the Mortgage Loans and any REO Mortgage Loans with
                  respect to such Distribution Date; and

      with respect to the Final Distribution Date, an amount equal to the
      aggregate Stated Principal Balance of the entire Mortgage Pool outstanding
      immediately prior to the Final Distribution Date.

            Notwithstanding the foregoing, (i) the Principal Distribution Amount
      will be reduced for any Loan Group as to which funds were used therefrom
      to reimburse Nonrecoverable Advances or Workout-Delayed Reimbursement
      Amounts (as described in Section 1.05) on any Distribution Date by an
      amount equal to the Principal Distribution Adjustment Amount calculated
      with respect to such Distribution Date and (ii) the Principal Distribution
      Amount will be increased for any Loan Group as to which funds were used
      therefrom to reimburse Nonrecoverable Advances or Workout-Delayed
      Reimbursement Amounts on any Distribution Date by the amount of any
      recovery occurring during the related Collection Period of an amount that
      was previously advanced with respect to a Mortgage Loan if such
      Nonrecoverable Advance or any Workout-Delayed Reimbursement Amount was
      previously reimbursed from Principal Distribution Amounts from such Loan
      Group in a manner that resulted in a Principal Distribution Adjustment
      Amount for such Loan Group on a prior Distribution Date.

            "Principal Prepayment" shall mean any voluntary payment of principal
made by the Borrower on a Mortgage Loan that is received in advance of its
scheduled Due Date and that is not accompanied by an amount of interest (without
regard to any Yield Maintenance Charge and/or Post-ARD Additional Interest that
may have been collected) representing scheduled interest due on any date or
dates in any month or months subsequent to the month of prepayment; provided
that "Principal Prepayment" shall not include any such payment of principal made
out of Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds.

            "Private Certificate" shall mean any Class A-X, Class B, Class C,
Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M,
Class N, Class O, Class P, Class Q, Class S, Class T or Class V Certificate.

            "Privileged Persons" shall mean the Depositor and any designee
thereof, the Master Servicer, the Special Servicer, the Underwriters, the Rating
Agencies, the Controlling Class Representative, each Certificateholder, each
Mortgage Loan Seller, to the extent that the Trustee has in accordance with
Section 5.06(b) confirmed the Ownership Interest in the Certificates held
thereby, each Certificate Owner and any prospective transferee provided such
party provides the Trustee with a certification substantially in the form of
Exhibit K-2 hereto.

            "Prohibited Party" shall mean any party that (i) is listed on the
Depositor's Do Not Hire List or (ii) is a proposed Servicing Function
Participant for which the Master Servicer, the Special Servicer or the Trustee
that seeks to retain such Servicing Function Participant has actual knowledge
that such party at any point prior to such hiring, assignment or transfer failed
to comply in all material respects with such proposed Servicing Function
Participant's obligations under Regulation AB with respect to any other
securitization.

            "Proposed Plan" shall have the meaning assigned thereto in Section
3.17(a).

            "Prospectus" shall mean the Base Prospectus and the Prospectus
Supplement, together.

            "Prospectus Supplement" shall mean that certain prospectus
supplement dated March 1, 2007, relating to the Registered Certificates, that is
a supplement to the Base Prospectus.

            "PTE" shall mean a prohibited transaction exemption, as issued by
the United States Department of Labor.

            "Public Certificate" shall mean any Class A-1, Class A-2, Class
A-AB, Class A-3, Class A-1-A, Class A-M, Class A-MFL, Class A-J or Class A-SP
Certificate.

            "Purchase Price" shall mean, with respect to any Mortgage Loan (or
REO Property), a cash price equal to the aggregate of (a) the outstanding
principal balance of such Mortgage Loan (or the related REO Mortgage Loan) as of
the date of purchase, (b) all accrued and unpaid interest on such Mortgage Loan
(or the related REO Mortgage Loan) at the related Mortgage Rate (exclusive of
any portion of such interest that represents Post-ARD Additional Interest) to,
but not including, the Due Date occurring in the Collection Period during which
the applicable purchase or repurchase occurs, (c) all related unreimbursed
Servicing Advances (or such Servicing Advance reimbursed by the Trust Fund from
general collections on the Mortgage Pool), (d) all accrued and unpaid Advance
Interest with respect to any related Advances (including any Advance Interest
reimbursed from general collections on the Mortgage Pool), and (e) solely in the
case of a repurchase or substitution by a Mortgage Loan Seller pursuant to the
related Mortgage Loan Purchase Agreement or by the Column Performance Guarantor
pursuant to the Column Performance Guarantee, (i) all related Special Servicing
Fees, Workout Fees (only if (x) such repurchase or substitution occurs after the
expiration of the applicable Initial Resolution Period and any applicable
Resolution Extension Period and (y) no Liquidation Fee is also payable in
connection with such repurchase or substitution by the Mortgage Loan Seller or
the Column Performance Guarantor, as applicable), Liquidation Fees (only if such
repurchase or substitution occurs after the expiration of the applicable Initial
Resolution Period and any applicable Resolution Extension Period), Advance
Interest (to the extent not otherwise included in the amount described in clause
(d) of this definition) and other related Additional Trust Fund Expenses (to the
extent not otherwise included in the amount described in clause (c) or clause
(d) of this definition), whether paid or then owing that have not been offset by
Default Charges related to such Mortgage Loan (or any successor REO Loan) or by
any Additional Master Servicing Compensation or Additional Special Servicer
Compensation related to such Mortgage Loan (or any successor REO Loan), and (ii)
to the extent not otherwise included in the amount described in clause (c),
clause (d) or clause (e)(i) of this definition, any costs and expenses incurred
by the Master Servicer, the Special Servicer or the Trustee (on behalf of the
Trust) in enforcing the obligation of such Person to repurchase or replace such
Mortgage Loan or REO Property.

            With respect to any Defaulted Mortgage Loan to be purchased by the
Controlling Class Representative (or any assignee thereof) or the Special
Servicer (or any Affiliate thereof) 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 Mortgage Loan (which shall include a Liquidation Fee if
the purchase option has been assigned without consideration to an unaffiliated
third party and such third party is exercising the purchase option). With
respect to any REO Property to be sold pursuant to Section 3.18(e), the Purchase
Price will equal the amount calculated in accordance with the second preceding
sentence in respect of the related REO Mortgage Loan (or, if such REO Property
relates to any A/B Loan Pair, in respect of all of the related REO Mortgage
Loans and treating the B Loans as if they were Mortgage Loans).

            "Purchase Price Security Deposit" shall have the meaning assigned
thereto in Section 2.03(b).

            "Purchase Price Security Deposit Account" shall mean a segregated
custodial account or accounts created by and maintained by the Master Servicer,
pursuant to Section 2.03(b), on behalf of the Trustee in trust for the
Certificateholders and the related Mortgage Loan Seller, which shall be entitled
"Capmark Finance Inc., as the Master Servicer, in trust for the registered
holders of Credit Suisse First Boston Mortgage Securities Corp., Commercial
Mortgage Pass-Through Certificates, Series 2007-C1, and [name of the related
Mortgage Loan Seller], Purchase Price Security Deposit Account."

            "Qualified Appraiser" shall mean, in connection with the appraisal
of any Mortgaged Property or REO Property, an Independent MAI-designated
appraiser with at least five years of experience in respect of the relevant
geographic location and property type.

            "Qualified Institutional Buyer" or "QIB" shall mean a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act.

            "Qualified Insurer" shall mean (i) with respect to any Mortgage
Loan, Mortgaged Property or REO Property, an insurance company or security or
bonding company qualified to write the related Insurance Policy in the relevant
jurisdiction and that has a claims paying ability that is rated (or is
guaranteed or backed in writing by an entity with long-term unsecured debt that
is rated) at least "A" by Fitch and "A2" by Moody's (if then rated by Moody's),
(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 that is rated (or is guaranteed or backed by an
entity with long-term unsecured debt that is rated) no lower than two ratings
(without regard to pluses and minuses (in the case of Fitch) or numerical
designations (in the case of Moody's)) 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) and "A" by Fitch 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.

            "Qualifying Substitute Mortgage Loan" shall mean, in connection with
the replacement of a Defective Mortgage Loan as contemplated by Section 2.03,
any other mortgage loan which, on the date of substitution, (i) has a principal
balance, after deduction of the principal portion of any unpaid Monthly Payment
due on or before the date of substitution, not in excess of the Stated Principal
Balance of the Defective Mortgage Loan; (ii) is accruing interest at a fixed
rate of interest at least equal to, and not more than one percentage point in
excess of, that of the Defective Mortgage Loan; (iii) has the same Due Date as,
and a grace period for delinquent Monthly Payments that is no longer than, the
Due Date and grace period, respectively, of the Defective Mortgage Loan; (iv) is
accruing interest on the same Interest Accrual Basis as the Defective Mortgage
Loan; (v) has a remaining term to stated maturity not greater than, and not more
than one year less than, that of the Defective Mortgage Loan and, in any event,
has a Stated Maturity Date not later than two years prior to the Rated Final
Distribution Date; (vi) has a then current loan-to-value ratio not higher than,
and a then current debt service coverage ratio not lower than, the loan-to-value
ratio and debt service coverage ratio, respectively, of the Defective Mortgage
Loan as of the Closing Date; (vii) has comparable prepayment restrictions to
those of the Defective Mortgage Loan; (viii) will comply (except in a manner
that would not be adverse to the interests of the Certificateholders (as a
collective whole) in or with respect to such mortgage loan), as of the date of
substitution, with all of the representations relating to the Defective Mortgage
Loan set forth in or made pursuant to the related Mortgage Loan Purchase
Agreement; (ix) has a Phase I Environmental Assessment relating to the related
Mortgaged Property in its Servicing File, which Phase I Environmental Assessment
will evidence that there is no material adverse environmental condition or
circumstance at the related Mortgaged Property for which further remedial action
may be required under applicable law; and (x) constitutes a "qualified
replacement mortgage" within the meaning of Section 860G(a)(4) of the Code;
provided, however, that if more than one mortgage loan is to be substituted for
any Defective Mortgage Loan, then all such proposed Replacement Mortgage Loans
shall, in the aggregate, satisfy the requirement specified in clause (i) of this
definition and each such proposed Replacement Mortgage Loan shall, individually,
satisfy each of the requirements specified in clauses (ii) through (x) of this
definition; and provided, further, that no mortgage loan shall be substituted
for a Defective Mortgage Loan unless (x) such prospective Replacement Mortgage
Loan shall be acceptable to the Controlling Class Representative (or, if there
is no such Controlling Class Representative then serving, to the Holders of
Certificates representing a majority of the Voting Rights allocated to the
Controlling Class), in its (or their) absolute sole discretion, and (y) each
Rating Agency shall have confirmed in writing to the Trustee that such
substitution will not in and of itself result in an Adverse Rating Event with
respect to any Class of Rated Certificates (such written confirmation to be
obtained by the party (i.e., the related Mortgage Loan Seller or the Column
Performance Guarantor) effecting the substitution.

            "Rated Certificate" shall mean any of the Certificates to which a
rating has been assigned by either Rating Agency at the request of the
Depositor.

            "Rated Final Distribution Date" shall mean the Distribution Date
occurring in February 2040.

            "Rating Agency" shall mean either of Moody's and Fitch.

            "Realized Loss" shall mean:

            (1) with respect to each defaulted Mortgage Loan as to which a Final
      Recovery Determination has been made, or with respect to any successor REO
      Mortgage Loan as to which a Final Recovery Determination has been made as
      to the related REO Property, an amount (not less than zero) equal to (a)
      the unpaid principal balance of such Mortgage Loan or REO Mortgage Loan,
      as the case may be, as of the commencement of the Collection Period in
      which the Final Recovery Determination was made, plus (b) without taking
      into account the amount described in subclause (1)(c) of this definition,
      all unpaid interest accrued in respect of such Mortgage Loan or REO
      Mortgage Loan, as the case may be, to but not including the related Due
      Date in the Collection Period in which the Final Recovery Determination
      was made, exclusive, however, of any portion of such unpaid interest that
      constitutes Default Interest or, in the case of an ARD Mortgage Loan after
      its Anticipated Repayment Date, Post-ARD Additional Interest, all Special
      Servicing Fees, Workout Fees, Advance Interest or other fees, expenses or
      items with respect to such Mortgage Loan or REO Mortgage Loan that cause
      an Interest Shortfall to occur in any prior Interest Accrual Period, minus
      (c) all payments and proceeds, if any, received in respect of such
      Mortgage Loan or REO Mortgage Loan, as the case may be, during the
      Collection Period in which such Final Recovery Determination was made (net
      of any related Servicing Advances reimbursed therefrom and any related
      Liquidation Expenses paid therefrom);

            (2) with respect to each defaulted Mortgage Loan as to which any
      portion of the principal or past due interest payable thereunder was
      canceled in connection with a bankruptcy, insolvency or similar proceeding
      involving the related Borrower or a modification, waiver or amendment of
      such Mortgage Loan granted or agreed to by the Master Servicer or the
      Special Servicer pursuant to Section 3.20, the amount of such principal or
      past due interest (other than any Default Interest and, in the case of an
      ARD Mortgage Loan after its Anticipated Repayment Date, Post-ARD
      Additional Interest) so canceled; and

            (3) with respect to each defaulted Mortgage Loan as to which the
      Mortgage Rate thereon has been permanently reduced and not recaptured for
      any period in connection with a bankruptcy, insolvency or similar
      proceeding involving the related Borrower or a modification, waiver or
      amendment of such Mortgage Loan granted or agreed to by the Master
      Servicer or the Special Servicer pursuant to Section 3.20, the amount of
      any consequent reduction in the interest portion of each successive
      Monthly Payment due thereon (each such Realized Loss to be deemed to have
      been incurred on the Due Date for each affected Monthly Payment).

            "Record Date" shall mean, with respect to any Distribution Date, the
last Business Day of the month immediately preceding the month in which such
Distribution Date occurs.

            "Recording Omission" shall mean, with respect to any Mortgage Loan,
any Material Document Defect that exists, as of any date coinciding with or
following September 30, 2008, as a result of the omission from the Mortgage File
for such Mortgage Loan of the original or a copy of any document referred to in
clause (ii), clause (iii), clause (iv), clause (v) or, in the case of a
Mortgaged Property operated as a hospitality property, clause (viii) of the
definition of "Mortgage File," with evidence of recording or filing thereon or a
receipt or other certification evidencing recording or filing, because such
document (i) was not delivered by or on behalf of the related Mortgage Loan
Seller either as a recorded or filed document or in proper form for recording or
filing in the appropriate recording or filing office or (ii) was returned
unrecorded or unfiled as a result of an actual or purported defect therein.

            "Recording Omission Credit" shall mean, with respect to any Mortgage
Loan as to which there exists a Recording Omission as of September 30, 2008, a
letter of credit in the amount of 25% of the then outstanding principal amount
of such Mortgage Loan and otherwise satisfying the criteria set forth in the
related Mortgage Loan Purchase Agreement.

            "Recording Omission Reserve" shall mean, with respect to any
Mortgage Loan as to which there exists a Recording Omission as of September 30,
2008, a cash deposit in the amount of 25% of the then outstanding principal
amount of such Mortgage Loan.

            "Reference Rate" shall mean, with respect to any Distribution Date
from and including the April 2007 Distribution Date to and including the March
2014 Distribution Date, the corresponding rate per annum set forth on Exhibit J
hereto.

            "Registered Certificate" shall mean any Certificate that has been
subject to registration under the Securities Act. As of the Closing Date, the
Class A-1, Class A-2, Class A-AB, Class A-3, Class A-1-A, Class A-M, Class
A-MFL, Class A-J and Class A-SP Certificates constitute Registered Certificates.

            "Regular Certificates" shall mean any Public Certificates
or Private Certificates.

            "Regulation AB" shall mean Subpart 229.1100 - Asset Backed
Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100 - 229.1123, as such may be
amended from time to time, and subject to such clarification and interpretation
as have been provided by the Commission in the adopting release (Asset-Backed
Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506 - 1,631 (Jan.
7, 2005)) or by the staff of the Commission, or as may be provided by the
Commission or its staff from time to time.

            "Regulation S" shall mean Regulation S under the Securities Act.

            "Regulation S Global Certificate" shall mean, with respect to any
Class of Book-Entry Non-Registered Certificates offered and sold outside of the
United States in reliance on Regulation S, a single temporary global
Certificate, in definitive, fully registered form without interest coupon, which
Certificate bears a Regulation S Legend.

            "Regulation S Legend" shall mean, with respect to any Class of
Book-Entry Non-Registered Certificates offered and sold outside the United
States in reliance on Regulation S, a legend generally to the effect that such
Certificates may not be offered, sold, pledged or otherwise transferred in the
United States or to a United States Securities Person prior to the Release Date
except pursuant to an exemption from the registration requirements of the
Securities Act.

            "Reimbursement Rate" shall mean the rate per annum applicable to the
accrual of Advance Interest, which rate per annum is equal to the Prime Rate.

            "Related Certificates," "Related Uncertificated Lower-Tier Interest"
and "Related Component" shall mean, for the following Classes of Uncertificated
Lower-Tier Interests and Components, the related Class of Certificates or Class
A-MFL Regular Interest set forth below; for the following Classes of
Certificates or Class A-MFL Regular Interest, the related Class or Classes of
Uncertificated Lower-Tier Interests and Components set forth below; and for the
following Components, the related Class of Certificates, Class A-MFL Regular
Interest or Class of Uncertificated Lower-Tier Interests set forth below:

<TABLE>
<CAPTION>
                                                                             Related
                                                                            Component
                                                                             of Class
                                         Related Uncertificated            A-X and A-SP
Related Certificates                     Lower-Tier Interest(1)          Certificates(1)
----------------------------   --------------------------------------   ----------------
<S>                            <C>                                      <C>

Class A-1 Certificate          Class LA-1-1 Uncertificated Interest     Component A-1-1
                               Class LA-1-2 Uncertificated Interest     Component A-1-2
Class A-2 Certificate          Class LA-2-1 Uncertificated Interest     Component A-2-1
                               Class LA-2-2 Uncertificated Interest     Component A-2-2
                               Class LA-2-3 Uncertificated Interest     Component A-2-3
Class A-AB Certificate         Class LA-AB-1 Uncertificated Interest    Component A-AB-1
                               Class LA-AB-2 Uncertificated Interest    Component A-AB-2
                               Class LA-AB-3 Uncertificated Interest    Component A-AB-3
                               Class LA-AB-4 Uncertificated Interest    Component A-AB-4
Class A-3 Certificate          Class LA-3-1 Uncertificated Interest     Component A-3-1
                               Class LA-3-2 Uncertificated Interest     Component A-3-2
                               Class LA-3-3 Uncertificated Interest     Component A-3-3
                               Class LA-3-4 Uncertificated Interest     Component A-3-4
                               Class LA-3-5 Uncertificated Interest     Component A-3-5
Class A-1-A Certificate        Class LA-1-A-1 Uncertificated Interest   Component A-1-A-1
                               Class LA-1-A-2 Uncertificated Interest   Component A-1-A-2
                               Class LA-1-A-3 Uncertificated Interest   Component A-1-A-3
                               Class LA-1-A-4 Uncertificated Interest   Component A-1-A-4
                               Class LA-1-A-5 Uncertificated Interest   Component A-1-A-5
                               Class LA-1-A-6 Uncertificated Interest   Component A-1-A-6
                               Class LA-1-A-7 Uncertificated Interest   Component A-1-A-7
                               Class LA-1-A-8 Uncertificated Interest   Component A-1-A-8
Class A-M Certificate          Class LA-M Uncertificated Interest       Component A-M
Class A-MFL Regular Interest   Class LA-MFL Uncertificated Interest     Component A-MFL
Class A-J Certificate          Class LA-J Uncertificated Interest       Component A-J
Class B Certificate            Class LB Uncertificated Interest         Component B
Class C Certificate            Class LC-1 Uncertificated Interest       Component C-1
                               Class LC-2 Uncertificated Interest       Component C-2
Class D Certificate            Class LD-1 Uncertificated Interest       Component D-1
                               Class LD-2 Uncertificated Interest       Component D-2
Class E Certificate            Class LE Uncertificated Interest         Component E
Class F Certificate            Class LF-1 Uncertificated Interest       Component F-1
                               Class LF-2 Uncertificated Interest       Component F-2
Class G Certificate            Class LG Uncertificated Interest         Component G
Class H Certificate            Class LH Uncertificated Interest         Component H
Class J Certificate            Class LJ Uncertificated Interest         Component J
Class K Certificate            Class LK Uncertificated Interest         Component K
Class L Certificate            Class LL Uncertificated Interest         Component L
Class M Certificate            Class LM Uncertificated Interest         Component M
Class N Certificate            Class LN Uncertificated Interest         Component N
Class O Certificate            Class LO Uncertificated Interest         Component O
Class P Certificate            Class LP Uncertificated Interest         Component P
Class Q Certificate            Class LQ Uncertificated Interest         Component Q
Class S Certificate            Class LS Uncertificated Interest         Component S
Class T Certificate            Class LT Uncertificated Interest         Component T
</TABLE>

----------
(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
      Certificates or the Class A-MFL Regular Interest set forth in the table
      above also correspond to each other and, accordingly, constitute the
      "Related Uncertificated Lower-Tier Interests" and the "Related
      Components," respectively, with respect to each other.

            "Release Date" shall mean, with respect to any Class of
Non-Registered Certificates (other than the Class R, Class LR and Class V
Certificates), the date that is 40 days following the later of (i) the
commencement of the offering of such Non-Registered Certificates to Persons
other than distributors in reliance upon Regulation S under the Securities Act
and (ii) the date of closing of such offering.

            "Relevant Servicing Criteria" shall mean the Servicing Criteria
applicable to each Reporting Servicer (as set forth, with respect to the Master
Servicer, the Special Servicer and the Trustee, on Exhibit U attached hereto).
For clarification purposes, multiple Reporting Servicers can have responsibility
for the same Relevant Servicing Criteria, and some of the Servicing Criteria
will not be applicable to certain Reporting Servicers. With respect to a
Servicing Function Participant engaged by the Trustee, the Master Servicer or
the Special Servicer, the term "Relevant Servicing Criteria" refers to the items
of the Relevant Servicing Criteria applicable to the Trustee, the Master
Servicer or the Special Servicer that engaged such Servicing Function
Participant that are applicable to such Servicing Function Participant based on
the functions it has been engaged to perform.

            "Remaining Principal Distribution Amount" shall mean, 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" shall mean a "real estate mortgage investment conduit" as
defined in Section 860D of the Code.

            "REMIC Provisions" shall mean the 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 proposed, temporary and final Treasury
regulations and any published rulings, notices and announcements promulgated
thereunder, as the foregoing may be in effect from time to time.

            "Rents from Real Property" shall mean, with respect to any REO
Property, gross income of the character described in Section 856(d) of the Code.

            "REO Account" shall mean a segregated custodial account or accounts
created and maintained by the Special Servicer, pursuant to Section 3.16(b), on
behalf of the Trustee in trust for the Certificateholders and the related B Loan
Holder in connection with an A/B Loan Pair, which shall be entitled "Midland
Loan Services, Inc. [or the name of any successor Special Servicer], as Special
Servicer, on behalf of Wells Fargo Bank, N.A. [or the name of any successor
Trustee], in trust for the registered holders of Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass Through Certificates and the
related B Loan Holder, Series 2007-C1, REO Account."

            "REO Acquisition" shall mean the acquisition of any REO Property
pursuant to Section 3.09.

            "REO Disposition" shall mean the sale or other disposition of any
REO Property pursuant to Section 3.18.

            "REO Extension" shall have the meaning assigned thereto in Section
3.16(a).

            "REO Mortgage Loan" shall mean the mortgage loan deemed for purposes
hereof to be outstanding with respect to each REO Property. Each REO Mortgage
Loan shall be deemed to provide for monthly payments of principal and/or
interest equal to its Assumed Monthly Payment and otherwise to have the same
terms and conditions as its predecessor Mortgage Loan (such terms and conditions
to be applied without regard to the default on such predecessor Mortgage Loan or
the Trust's acquisition of the subject REO Property). Each REO Mortgage Loan
shall be deemed to have an initial unpaid principal balance and Stated Principal
Balance equal to the unpaid principal balance and Stated Principal Balance,
respectively, of its predecessor Mortgage Loan as of the date of the related REO
Acquisition. All Monthly Payments (other than any Balloon Payment), Assumed
Monthly Payments (in the case of a Balloon Mortgage Loan delinquent in respect
of its Balloon Payment) and other amounts due and owing, or deemed to be due and
owing, in respect of the predecessor Mortgage Loan as of the date of the related
REO Acquisition (including, without limitation, those Nonrecoverable Advances
and Workout Delayed Reimbursement Amounts and interest thereon that were
reimbursed from collections of principal on the Mortgage Pool), shall be deemed
to continue to be due and owing in respect of an REO Mortgage Loan. In addition,
all amounts payable or reimbursable to the Master Servicer, the Special Servicer
or the Trustee in respect of the predecessor Mortgage Loan as of the date of the
related REO Acquisition, including any unpaid or unreimbursed Servicing Fees and
Advances (together with any related unpaid Advance Interest), shall continue to
be payable or reimbursable in the same priority and manner pursuant to Section
3.05(a) to such Master Servicer, such Special Servicer or the Trustee, as the
case may be, in respect of an REO Mortgage Loan.

            "REO Property" shall mean a Mortgaged Property acquired by or
otherwise on behalf of the Trust for the benefit of the Certificateholders and,
if such property relates to an A/B Loan Pair, the related B Loan Holder, 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 Mortgage Loan.

            "REO Revenues" shall mean all income, rents, profits and proceeds
derived from the ownership, operation or leasing of any REO Property. With
respect to an REO Property that had been security for an A Loan, the portion of
the amounts described above received with respect to such REO Property and
allocable to the related A Note pursuant to the related A/B Intercreditor
Agreement.

            "REO Tax" shall have the meaning assigned thereto in Section
3.17(a).

            "Replacement Mortgage Loan" shall mean any mortgage loan that is
substituted by a Mortgage Loan Seller or the Column Performance Guarantor for a
Defective Mortgage Loan as contemplated by Section 2.03.

            "Reportable Event" shall have the meaning assigned thereto in
Section 12.09.

            "Reporting Servicer" shall mean the Master Servicer, the Special
Servicer, the Trustee and any Servicing Function Participant, as the case may
be.

            "Request for Release" shall mean a request signed by a Servicing
Officer of, as applicable, the Master Servicer in the form of Exhibit D-1
attached hereto or the Special Servicer in the form of Exhibit D-2 attached
hereto.

            "Requesting Subordinate Certificateholder" shall mean the Holder of
any of the Class L, Class M, Class N, Class O, Class P, Class Q, Class S or
Class T Certificates, that delivers notice to the Trustee, the Master Servicer
and the Special Servicer indicating that such Holder is a "Requesting
Subordinate Certificateholder."

            "Required Appraisal Loan" shall mean any Mortgage Loan (and any
successor REO Mortgage Loan) as to which an Appraisal Trigger Event has
occurred; provided that a Mortgage Loan shall cease to be a Required Appraisal
Loan if and when, following the occurrence of the most recent Appraisal Trigger
Event with respect thereto, such Mortgage Loan has become a Corrected Mortgage
Loan and no other Servicing Transfer Event or Appraisal Trigger Event has
occurred with respect thereto during the preceding three months.

            "Reserve Account" shall mean any of the accounts established and
maintained pursuant to Section 3.03(e).

            "Reserve Funds" shall mean, with respect to any Mortgage Loan, any
amounts delivered by the related Borrower to be held in escrow by or on behalf
of the mortgagee representing: (i) reserves for repairs, replacements, capital
improvements and/or environmental testing and remediation with respect to the
related Mortgaged Property; (ii) reserves for tenant improvements and leasing
commissions; (iii) reserves for debt service; or (iv) amounts to be applied as a
Principal Prepayment on such Mortgage Loan or held as Additional Collateral in
the event that certain leasing or other economic criteria in respect of the
related Mortgaged Property are not met.

            "Residual Transfer Affidavit" shall have the meaning assigned
thereto in Section 5.02(d).

            "Resolution Extension Period" shall have the meaning assigned
thereto in Section 2.03(b).

            "Responsible Officer" shall mean (i) any officer of the Global
Securitization Trust Services Group of the Trustee (and, in the event that the
Trustee is the Certificate Registrar or the Paying Agent, of the Certificate
Registrar or the Paying Agent, as applicable) and (ii) when used with respect to
the initial Trustee, any Vice President, Assistant Vice President, corporate
trust officer or assistant corporate trust officer of the Trustee having direct
responsibility for the administration of this Agreement, and with respect to any
successor Trustee, any officer or assistant officer in the corporate trust
department of the Trustee or any other officer of the Trustee customarily
performing functions similar to those performed by any of the above designated
officers to whom a particular matter is referred by the Trustee because of such
officer's knowledge of and familiarity with the particular subject.

            "Restricted Servicer Reports" shall mean collectively, to the extent
not filed with the Commission, each of the CMSA Servicer Watch List, the CMSA
Operating Statement Analysis Report, the CMSA NOI Adjustment Worksheet, CMSA
Financial File and the CMSA Comparative Financial Status Report.

            "Rule 144A Global Certificate" shall mean, with respect to any Class
of Book-Entry Non-Registered Certificates, a single global Certificate
registered in the name of the Depository or its nominee, in definitive, fully
registered form without interest coupons, which Certificate bears a Qualified
Institutional Buyer CUSIP number and does not bear a Regulation S Legend.
            "Sarbanes-Oxley Act" shall mean the Sarbanes-Oxley Act of 2002 and
the rules and regulations of the Commission promulgated thereunder (including
any interpretations thereof by the Commission's staff).

            "Sarbanes-Oxley Certification" shall have the meaning set forth in
Section 12.08.

            "Securities Act" shall mean the Securities Act of 1933, as amended,
and the rules and regulations thereunder.

            "Security Agreement" shall mean, with respect to any Mortgage 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 Mortgage Loan.

            "Security Position Listing" shall mean a listing prepared by the
Depository of the holdings of Depository Participants with respect to the
Certificates.

            "Senior Certificates" shall mean, collectively, the Class A-1, Class
A-2, Class A-AB, Class A-3, Class A-1-A, Class A-SP and Class A-X Certificates.

            "Senior Principal Distribution Cross-Over Date" shall mean the first
Distribution Date as of which the aggregate of the Class Principal Balances of
the Class A-1, Class A-2, Class A-AB, Class A-3 and Class A-1-A Certificates
outstanding immediately prior thereto equals or exceeds the sum of (a) the
aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding
immediately following such Distribution Date, plus (b) the lesser of (i) the
Principal Distribution Amount for such Distribution Date and (ii) the portion of
the Available Distribution Amount for such Distribution Date that will remain
after all distributions of interest to be made on the Senior Certificates on
such Distribution Date pursuant to Section 4.01(a) have been so made.

            "Servicer" shall have the meaning set forth in Section 12.03.

            "Service(s)(ing)" shall mean, in accordance with Regulation AB, the
act of servicing and administering the Mortgage Loans or any other assets of the
Trust by an entity that meets the definition of "servicer' set forth in Item
1101 of Regulation AB and is subject to the disclosure requirements set forth in
1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence
of this term shall have the meaning commonly understood by participants in the
commercial mortgage-backed securitization market.

            "Servicing Account" shall mean any of the accounts established and
maintained pursuant to Section 3.03(a).

            "Servicing Advances" shall mean all customary, reasonable and
necessary "out-of-pocket" costs and expenses, including attorneys' fees and
expenses, 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, the Trustee) in
connection with the servicing of a Mortgage Loan as to which 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(a), (c) obtaining any Insurance Proceeds,
Condemnation Proceeds or Liquidation Proceeds in respect of any such Mortgage
Loan or any REO Property, (d) any enforcement or judicial proceedings with
respect to any such Mortgage Loan, including foreclosures and similar
proceedings, (e) the operation, leasing, management, maintenance and liquidation
of any REO Property, (f) obtaining any Appraisal or environmental report
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 3.12(a), and (3) any
other expenditure which is expressly designated as a Servicing Advance herein;
provided that, notwithstanding anything to the contrary, "Servicing Advances"
shall not include (A) allocable overhead of the Master Servicer or the Special
Servicer, such as costs for office space, office equipment, supplies and related
expenses, employee salaries and related expenses and similar internal costs and
expenses, (B) costs incurred by either such party or any Affiliate thereof in
connection with its purchase of any Mortgage Loan or REO Property pursuant to
any provision of this Agreement or (C) costs or expenses expressly required
under this Agreement to be borne by the Master Servicer or the Special Servicer.

            "Servicing Criteria" shall mean the criteria set forth in paragraph
(d) of Item 1122 of Regulation AB as such may be amended from time to time.

            "Servicing Fees" shall mean, with respect to any Mortgage Loan or
REO Mortgage Loan, the Master Servicing Fee and the Special Servicing Fee.

            "Servicing File" shall mean 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 Mortgage Loan or B Loan or which are reasonably
required for the ongoing administration of such Mortgage Loan or B Loan, as the
case may be, including property management agreements, appraisals, surveys,
engineering reports, environmental reports, financial statements, leases, rent
rolls and tenant estoppels, but excluding any other documents and writings that
have been prepared by the related Mortgage Loan Seller or any of its Affiliates
solely for internal credit analysis or other internal uses or any
attorney-client privileged communication, together with copies of documents
required to be part of the related Mortgage File.

            "Servicing Function Participant" shall mean any Person, other than
the Master Servicer, the Special Servicer and the Trustee, that is
"participating in the servicing function" within the meaning of Item 1122 of
Regulation AB, unless such Person's activities relate only to 5% or less of the
Mortgage Loans (calculated by Stated Principal Balance) or unless such Person is
not viewed, for the purposes of Exchange Act reporting requirements, as a party
participating in the servicing function separate and apart from the Master
Servicer, the Special Servicer or the Trustee, as the case may be, pursuant to
applicable SEC guidance.

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

            "Servicing Return Date" shall mean, with respect to any Corrected
Mortgage Loan, the date that servicing thereof is returned by the Special
Servicer to the Master Servicer pursuant to Section 3.21(a).

            "Servicing Standard-General" shall mean, with respect to the Special
Servicer and each servicer other than the Master Servicer (including without
limitation any Sub-Servicer), to service and administer the Mortgage Loans and
REO Properties for which it is responsible hereunder: (a) with the same care,
skill, prudence and diligence as is normal and usual in its general mortgage
servicing and REO property management activities on behalf of third parties or
on behalf of itself, whichever is higher, with respect to mortgage loans and REO
properties that are comparable to those for which it is responsible hereunder,
giving due consideration to customary and usual standards of practice of prudent
institutional commercial mortgage loan servicers used with respect to mortgage
loans and REO properties comparable to those for which it is responsible
hereunder; (b) with a view to the timely collection of all scheduled payments of
principal and interest under the Mortgage Loans and any B Loan, the full
collection of all Yield Maintenance Charges that may become payable under the
Mortgage Loans and, in the case of the Special Servicer, if a Mortgage Loan or
any B Loan 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 (including payments of Yield
Maintenance Charges), the maximization of the recovery on such Mortgage Loan to
the Certificateholders (as a collective whole) (or in the case of any A/B Loan
Pair and its related B Loan, if any, the maximization of recovery on the A/B
Loan Pair to the Certificateholders and the B Loan Holder, as applicable, all
taken as a collective whole and taking into account the subordination of the B
Loan) on a present value basis (the relevant discounting of anticipated
collections that will be distributable to Certificateholders to be performed at
the related Net Mortgage Rate) as determined by the Special Servicer or Master
Servicer, as the case may be, in its reasonable judgment; and (c) without regard
to: (i) any relationship that the Master Servicer (or any Affiliate thereof) or
the Special Servicer (or any Affiliate thereof), as the case may be, may have
with the related Borrower or with any other party to this Agreement; (ii) the
ownership of any Certificate by the Master Servicer (or any Affiliate thereof)
or the Special Servicer (or any Affiliate thereof), as the case may be; (iii)
the obligation of the Master Servicer to make Advances, (iv) the obligation of
the Special Servicer to make, or direct the Master Servicer to make, Servicing
Advances; (v) 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,
hereunder or with respect to any particular transaction; (vi) any obligation
that the Master Servicer or Special Servicer, as the case may be, or any of its
affiliates, may have to cure a Breach or a Document Defect or to repurchase or
replace a Defective Mortgage Loan; (vii) any ownership, servicing and/or
management by the Master Servicer (or any Affiliate thereof) or the Special
Servicer (or any Affiliate thereof), as the case may be, of any other mortgage
loans or real property; or (viii) the ownership by the Master Servicer or
Special Servicer, as the case may be, or any of its Affiliates of any other debt
owed by, or secured by ownership interests in, any of the Borrowers or any
Affiliate of a Borrower.

            "Servicing Standard-Capmark" shall mean, with respect to the Master
Servicer, to service and administer the Mortgage Loans hereunder in accordance
with applicable law, the terms of this Agreement, the respective terms of the
Mortgage Loans and, to the extent not inconsistent with the foregoing, further
as follows: (a) with the same care, skill and diligence as is normal and usual
in Capmark's (as a master servicer) mortgage servicing activities on behalf of
third parties or on behalf of itself, whichever is higher, with respect to
mortgage loans that are comparable to the Mortgage Loans; (b) with a view to the
timely collection of all scheduled payments of principal and interest under the
Mortgage Loans and the maximization of the recovery on the Mortgage Loans to the
Certificateholders (as a collective whole) (or in the case of any A/B Loan Pair
and its related B Loan, if any, the maximization of recovery on the A/B Loan
Pair to the Certificateholders and the B Loan Holder, as applicable, all taken
as a collective whole and taking into account the subordination of the B Loan)
on a net present value basis; and (c) without regard to- (i) any relationship
that the Master Servicer, or any Affiliate thereof, may have with the related
Borrower, (ii) the ownership of any certificate, Mezzanine Loan or any B Loans
by the Master Servicer, or by any Affiliate thereof, (iii) the Master Servicer's
obligation to make advances, (iv) the right of the Master Servicer, or any
Affiliate thereof, to receive reimbursement of costs, or the sufficiency of any
compensation payable to it, hereunder or with respect to any particular
transaction, or (v) 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.

            "Servicing Standard" shall mean, with respect to the Master
Servicer, the Servicing Standard-Capmark and, with respect to any other servicer
(including without limitation the Special Servicer and any Sub-Servicer), the
Servicing Standard-General.

            "Servicing Transfer Event" shall mean, with respect to any Mortgage
Loan, any of the following events:

            (a) the related Borrower has failed to make when due any Monthly
      Payment (including a Balloon Payment) or any other payment required under
      the related Mortgage Loan Documents (including, in the case of an A/B Loan
      Pair, any scheduled payment of principal or interest on any B Loan), which
      failure continues, or the Master Servicer determines, in its reasonable
      judgment, will continue, unremedied for the following time periods-(i)
      except in the case of a delinquent Balloon Payment, for 60 days beyond the
      date on which the subject payment was due and (ii) solely in the case of a
      delinquent Balloon Payment, for 90 days beyond the related maturity date
      or, if the related Borrower has delivered to the Master Servicer a
      refinancing commitment reasonably acceptable to the Special Servicer and
      continues to pay the Assumed Monthly Payment, for such longer period, not
      to exceed 150 days beyond the related maturity date, during which the
      refinancing would occur; or

            (b) the Master Servicer has determined, in its reasonable judgment,
      that a default in making a Monthly Payment (including a Balloon Payment)
      or any other material payment required under the related Mortgage Loan
      Documents is likely to occur within 30 days and either (i) the related
      Borrower has requested a material modification of the payment terms of the
      related Mortgage Loan, or (ii) such default is likely to remain unremedied
      for at least the period contemplated by clause (a) of this definition; or

            (c) the Master Servicer or Special Servicer (with the consent of the
      Controlling Class Representative in the case of a determination by the
      Special Servicer) has determined, in its reasonable judgment, that a
      default, other than as described in clause (a) or (b) of this definition,
      has occurred that may materially impair the value of the related Mortgaged
      Property as security for the Mortgage Loan, which default has continued
      unremedied for the applicable cure period under the terms of the Mortgage
      Loan (or, if no cure period is specified, for 60 days), 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 acts (other
      than such amounts as are specifically allowed by the related Loan
      Agreement) shall not apply with respect to this clause if the Master
      Servicer has determined (which determination shall be subject to the
      approval of the Controlling Class Representative and the limitations of
      Section 3.24(b); provided that the Controlling Class Representative's
      failure to respond to a request for such approval within five (5) Business
      Days of such request shall be deemed approval) in accordance with the
      Servicing Standard that either (a) such insurance is not available at
      commercially reasonable rates or 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; or

            (d) a decree or order of a court or agency or supervisory authority
      having jurisdiction in the premises in an involuntary action against the
      related Borrower under any present or future federal or state bankruptcy,
      insolvency or similar law or the appointment of a conservator, receiver or
      liquidator in any insolvency, readjustment of debt, marshalling of assets
      and liabilities or similar proceeding, or for the winding-up or
      liquidation of its affairs, shall have been entered against the related
      Borrower and such decree or order shall have remained in force
      undismissed, undischarged or unstayed for a period of 60 days; or

            (e) the related Borrower shall have consented to the appointment of
      a conservator, receiver or liquidator in any insolvency, readjustment of
      debt, marshalling of assets and liabilities or similar proceeding of or
      relating to such Borrower or of or relating to all or substantially all of
      its property; or

            (f) the related Borrower shall have admitted in writing its
      inability to pay its debts generally as they become due, filed a petition
      to take advantage of any applicable insolvency or reorganization statute,
      made an assignment for the benefit of its creditors, or voluntarily
      suspended payment of its obligations; or

            (g) the Master Servicer shall have received notice of the
      commencement of foreclosure or similar proceedings with respect to the
      related Mortgaged Property.

A Servicing Transfer Event with respect to any Mortgage Loan shall cease to
exist:

      (w)   in the case of the circumstances described in clause (a)
            above, if and when the related Borrower has made three
            consecutive full and timely Monthly Payments under the
            terms of such Mortgage Loan and any related B Loan (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 granted or agreed to by the Master Servicer or
            the Special Servicer pursuant to Section 3.20);

      (x)   in the case of the circumstances described in clauses (b), (d), (e)
            and (f) above, if and when such circumstances cease to exist in the
            reasonable judgment of the Special Servicer;

      (y)   in the case of the circumstances described in clause (c) above, if
            and when such default is cured in the reasonable judgment of the
            Special Servicer; and

      (z)   in the case of the circumstances described in clause (g) above, if
            and when such proceedings are terminated.

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

            "Similar Law" shall mean any federal, state or local law materially
similar to the provisions of Title I of ERISA or Section 4975 of the Code.

            "Sole Certificateholder(s)" shall mean any Holder or group of
Holders, as the case may be, of 100% of the then outstanding Certificates (other
than the Class R and Class V Certificates).

            "Special Reserve Account" shall mean a segregated custodial account
or accounts created and maintained by the Master Servicer, pursuant to Section
2.03(d), on behalf of the Trustee in trust for the Certificateholders and the
related Mortgage Loan Seller, which shall be entitled "Capmark Finance Inc., as
the Master Servicer, in trust for the registered holders of Credit Suisse First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series 2007-C1, and [name of the related Mortgage Loan Seller], Special Reserve
Account."

            "Special Servicer" shall mean Midland, in its capacity as special
servicer with respect to the Mortgage Pool and any related REO Properties
hereunder, or any successor special servicer with respect to the Mortgage Pool
and any related REO Properties appointed as provided herein.

            "Special Servicing Fee" shall mean, with respect to each Specially
Serviced Mortgage Loan and each REO Mortgage Loan, the fee designated as such
and payable to the Special Servicer pursuant to the first paragraph of Section
3.11(c).

            "Special Servicing Fee Rate" shall mean, with respect to each
Specially Serviced Mortgage Loan and each REO Mortgage Loan, 0.25% (25 basis
points) per annum.

            "Specially Designated Mortgage Loan Documents" shall mean, with
respect to any Mortgage Loan, subject to Sections 1.04 and 2.01, the following
documents on a collective basis:

            (i)   the original executed Mortgage Note or, alternatively, if the
                  original executed Mortgage Note has been lost, a lost note
                  affidavit and indemnity with a copy of such Mortgage Note;

            (ii)  an original or a copy of the Mortgage (with or without
                  recording information);

            (iii) the original or a copy of the policy of lender's title
                  insurance or, if such policy has not yet been issued, a
                  "marked-up" pro forma title policy or commitment for title
                  insurance marked as binding and countersigned or evidenced as
                  binding by escrow letter or closing instructions;

            (iv)  an original or copy of any Ground Lease; and

            (v)   any original Letter of Credit constituting Additional
                  Collateral and originals or copies of related amendment,
                  assignment or transfer documents; provided that in connection
                  with the delivery of the Mortgage File to the Trust, the
                  original of each Letter of Credit (and any related amendment,
                  assignment or transfer document) shall be delivered to the
                  Master Servicer and a copy thereof shall be delivered to the
                  Trustee or a Custodian on its behalf;

provided that whenever the term "Specially Designated Mortgage Loan Documents"
is used to refer to documents actually received by the Trustee or by a Custodian
on its behalf such term shall not be deemed to include such documents and
instruments referred to in items (i) through (v) of this definition unless they
are actually so received; and provided, further, that the Specially Designated
Mortgage Loan Documents for any Mortgage Loan need not include any Letter of
Credit referred to in item (v) of this definition if, in lieu thereof, the
related Mortgage Loan Seller has, on behalf of the related Borrower, either (1)
delivered to the Trustee a substitute letter of credit, in the same amount and
with the same draw conditions and renewal rights as, and otherwise substantially
similar to, that Letter of Credit and issued by an obligor that meets any
criteria in the related Mortgage Loan Documents applicable to the issuer of that
Letter of Credit or (2) delivered to the Master Servicer a cash reserve in an
amount equal to the amount of that Letter of Credit, which substitute letter of
credit can be drawn on, or which cash reserve can be applied, to cover the same
items as that Letter of Credit was intended to cover.

            "Specially Serviced Mortgage Loan" shall mean any Mortgage Loan as
to which there then exists a Servicing Transfer Event. Upon the occurrence of a
Servicing Transfer Event with respect to any Mortgage Loan, such Mortgage Loan
shall remain a Specially Serviced Mortgage Loan until the earliest of (i) its
removal from the Trust Fund, (ii) an REO Acquisition with respect to the related
Mortgaged Property, and (iii) the cessation of all existing Servicing Transfer
Events with respect to such Mortgage Loan.

            "Startup Day" shall mean the Closing Date.

            "State Tax Laws" shall mean the state and local tax laws of the
state in which the office of the Trustee from which the Trust is administered is
located, and any other 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 Maturity Date" shall mean, with respect to any Mortgage
Loan, the Due Date specified in the related Mortgage Note (as in effect on the
Closing Date or, in the case of a Replacement Mortgage Loan, on the related date
of substitution) on which the last payment of principal is due and payable under
the terms of such Mortgage Note, without regard to any change in or modification
of such terms in connection with a bankruptcy or similar proceeding involving
the related Borrower or a modification, waiver or amendment of such Mortgage
Loan granted or agreed to by the Master Servicer or the Special Servicer
pursuant to Section 3.20 and, in the case of an ARD Mortgage Loan, without
regard to its Anticipated Repayment Date.

            "Stated Principal Balance" shall mean, with respect to any Mortgage
Loan (and any successor REO Mortgage Loan), a principal balance which (a)
initially shall equal the unpaid principal balance thereof as of the related Due
Date in March 2007 or, in the case of any Replacement Mortgage Loan, as of the
related date of substitution, in any event after application of all payments of
principal due thereon on or before such date, whether or not received, and (b)
shall be permanently reduced on each subsequent Distribution Date (to not less
than zero) by (i) that portion, if any, of the Principal Distribution Amount for
such Distribution Date attributable to such Mortgage Loan (or successor REO
Mortgage Loan), and (ii) the principal portion of any Realized Loss incurred in
respect of such Mortgage Loan (or successor REO Mortgage Loan) during the
related Collection Period; provided that, if a Liquidation Event occurs in
respect of any Mortgage Loan or REO Property, then the "Stated Principal
Balance" of such Mortgage Loan or of the related REO Mortgage Loan, as the case
may be, shall be zero commencing as of the Distribution Date in the Collection
Period next following the Collection Period in which such Liquidation Event
occurred.

            "Subordinate Certificates" shall mean, collectively, the Class A-M,
Class A-MFL (through the Class A-MFL Regular Interest), Class A-J, Class B,
Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L,
Class M, Class N, Class O, Class P, Class Q, Class S, Class T, Class R and Class
LR Certificates.

            "Subordinate Principal Balance Certificates" shall mean,
collectively, all of the Subordinate Certificates other than the Class R and
Class LR Certificates.

            "Sub-Servicer" shall mean any Person with which the Master Servicer
or the Special Servicer has entered into a Sub-Servicing Agreement.

            "Sub-Servicing Agreement" shall mean any sub-servicing agreement or
primary servicing agreement (including any Designated Sub-Servicer Agreement)
between the Master Servicer or the Special Servicer, on the one hand, and any
Sub-Servicer, on the other hand, relating to servicing and administration of
Mortgage Loans as provided in Section 3.22.

            "Substitution Shortfall Amount" shall mean, in connection with the
substitution of one or more Replacement Mortgage Loans for any Defective
Mortgage Loan, the amount, if any, by which the Purchase Price for such
Defective Mortgage Loan (calculated as if it were to be repurchased, instead of
replaced, on the relevant date of substitution), exceeds the Stated Principal
Balance or the aggregate Stated Principal Balance, as the case may be, of such
Replacement Mortgage Loan(s) as of the date of substitution.

            "Swap Agreement" shall mean the 1992 ISDA (Multi-Currency
Cross-Border) Master Agreement together with the related schedule, confirmation
and any annexes thereto, dated as of March 16, 2007, by and among the Swap
Counterparty and the Trustee, solely in its capacity as Trustee, on behalf of
the Trust, or any replacement interest rate swap agreement entered into by the
Trustee in accordance with the terms of Section 3.28.

            "Swap Counterparty" shall mean Credit Suisse International and its
successors in interest or any swap counterparty under a replacement Swap
Agreement.

            "Swap Default" shall mean any failure on the part of the Swap
Counterparty to (i) make a required payment under the Swap Agreement as and when
due thereunder, (ii) post acceptable collateral, find an acceptable replacement
Swap Counterparty or find a guarantor acceptable to the Rating Agencies that
will guarantee the Swap Counterparty's obligations under the Swap Agreement
after a Collateralization Event (as defined in the Swap Agreement) has occurred
as required by Part 5, paragraph (b)(1) of the Schedule to the Master Agreement
in the related Swap Agreement or (iii) find an acceptable replacement Swap
Counterparty (or, with respect to Moody's, find a guarantor acceptable to
Moody's that will guarantee the Swap Counterparty's obligations under the Swap
Agreement) after a Rating Agency Trigger Event has occurred as required by Part
5, paragraph (b)(2) of the Schedule to the Master Agreement in the related Swap
Agreement.

            "Swap Upfront Payment" shall mean any payment made by the Swap
Counterparty to the Trustee (on behalf of the Depositor) on the Closing Date,
representing amounts due from the Swap Counterparty to the Depositor.

            "Swap Termination Fees" shall mean any fees, costs or expenses
payable by the Swap Counterparty to the Trust in connection with a Swap Default,
termination of the Swap Agreement or liquidation of the Swap Agreement, as
specified in the Swap Agreement

            "Tax Matters Person" shall mean, with respect to the Upper-Tier or
the Lower-Tier REMIC, the Person designated as the "tax matters person" of such
REMIC in the manner provided under Treasury Regulations Section 1.860F-4(d) and
Temporary Treasury Regulations Section 301.6231(a)(7)-1T, which Person shall,
pursuant to Section 10.01(b), be the Plurality Class R Certificateholder or the
Plurality Class LR Certificateholder, respectively.

            "Tax Returns" shall mean the federal income tax return on IRS Form
1066, U.S. Real Estate Mortgage Investment Conduit Income (REMIC) Tax Return,
including Schedule Q thereto, Quarterly Notice to Residual Interest Holder 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 due to its
classification as a REMIC under the REMIC Provisions, and the federal income tax
return on IRS Form 1041 or such other form required under the Grantor Trust
Provisions to be filed on behalf of the Grantor Trust Pool, together with any
and all other information, reports or returns that may be required to be
furnished to the Certificateholders or filed with the IRS under any applicable
provisions of federal tax law or any other governmental taxing authority under
applicable state or local tax laws.

            "Termination Price" shall have the meaning assigned thereto in
Section 9.01(a).

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

            "Transferee" shall mean any Person who is acquiring by Transfer any
Ownership Interest in a Certificate.

            "Transferor" shall mean any Person who is disposing by Transfer of
any Ownership Interest in a Certificate.

            "Trust" shall mean the trust created hereby.

            "Trust Assets" shall mean the assets comprising the Trust Fund.

            "Trust Fund" shall mean, collectively, all of the assets of the
Upper-Tier REMIC, the Lower-Tier REMIC and Grantor Trust Pool, together with the
Purchase Price Security Deposit Accounts, the Special Reserve Accounts and any
Recording Omission Reserves and Recording Omission Credits delivered by any
Mortgage Loan Seller or the Column Performance Guarantor to the Master Servicer
as contemplated by Section 2.03.

            "Trust REMIC" shall mean the Lower-Tier REMIC or the Upper-Tier
REMIC.

            "Trustee" shall mean Wells Fargo, in its capacity as trustee
hereunder, or any successor trustee appointed as provided herein.

            "Trustee Fee" shall mean, with respect to any Mortgage Loan or REO
Mortgage Loan, the fee designated as such and payable to the Trustee pursuant to
Section 8.05(a).

            "Trustee Fee Rate" shall mean 0.00066% per annum.

            "Trustee Report" shall have the meaning assigned thereto in Section
4.02(a).

            "UCC" shall mean the Uniform Commercial Code in effect in the
applicable jurisdiction.

            "UCC Financing Statement" shall mean a financing statement executed
and filed pursuant to the Uniform Commercial Code, as in effect in any relevant
jurisdiction.

            "Uncertificated Lower-Tier Interests" shall mean any of the Class
LA-1-1, Class LA-1-2, Class LA-2-1, Class LA-2-2, Class LA-2-3, Class LA-AB-1,
Class LA-AB-2, Class LA-AB-3, Class LA-AB-4, Class LA-3-1, Class LA-3-2, Class
LA-3-3, Class LA-3-4, Class LA-3-5, Class LA-1-A-1, Class LA-1-A-2, Class
LA-1-A-3, Class LA-1-A-4, Class LA-1-A-5, Class LA-1-A-6, Class LA-1-A-7, Class
LA-1-A-8, Class LA-M, Class LA-MFL, Class LA-J, Class LB, Class LC-1, Class
LC-2, Class LD-1, Class LD-2, Class LE, Class LF-1, Class LF-2, Class LG, Class
LH, Class LJ, Class LK, Class LL, Class LM, Class LN, Class LO, Class LP, Class
LQ, Class LS and Class LT Uncertificated Interests.

            "Underwriters" shall mean, collectively, Credit Suisse,
Capmark Securities Inc., California Fina Group, Inc. (DBA: Finacorp
Securities), Greenwich Capital Markets, Inc. and Wachovia Capital
Markets, LLC.

            "Underwriter Exemption" shall mean PTE 89-90, as amended by PTE
97-34, PTE 2000-58 and PTE 2002-41, and as may be subsequently amended following
the Closing Date.

            "United States Securities Person" shall mean any "U.S. person" as
defined in Rule 902(k) of Regulation S.

            "United States Tax Person" shall mean a citizen or resident of the
United States, a corporation, partnership (except to the extent provided in
applicable Treasury regulations), or other entity (including any entity treated
as a corporation or partnership for federal income tax purposes) created or
organized in, or under the laws of, the United States, any State thereof or the
District of Columbia, or an estate whose income from sources outside the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States, 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 United States Tax Persons have the authority to control all substantial
decisions of the trust, all within the meaning of Section 7701(a)(30) of the
Code (including certain trusts in existence on August 20, 1996 that are eligible
to elect to be treated as United States Tax Persons).

            "Unrestricted Servicer Reports" shall mean, collectively, any
reports and files that are included in the CMSA Investor Reporting Package and
do not constitute Restricted Master Servicer Reports.

            "Upper-Tier Distribution Account" shall mean the account, accounts
or sub-account created and maintained by the Trustee, pursuant to Section
3.04(b) in trust for the Certificateholders, which shall be entitled "Wells
Fargo Bank, N.A., as Trustee, for the registered holders of Credit Suisse First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series 2007-C1, Upper-Tier Distribution Account." Any such account or accounts
shall be an Eligible Account or a subaccount of an Eligible Account.

            "Upper-Tier REMIC" shall mean one of 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.

            "USAP" shall mean the Uniform Single Attestation Program for
Mortgage Bankers established by the Mortgage Bankers Association of America.

            "USPAP" shall mean the Uniform Standards of Professional Appraisal
Practices.

            "Voting Rights" shall mean the voting rights evidenced by the
respective Certificates. At all times during the term of this Agreement, (i)
99.0% of the Voting Rights shall be allocated among all the Holders of the
various Classes of Principal Balance Certificates (so long as any such Class of
Certificates has been transferred by the Initial Purchaser or an Affiliate
thereof as part of the initial offering of the Certificates and therefore such
Class of Certificates is not part of the Initial Purchaser's unsold allotment),
in proportion to the respective Class Principal Balances of such Classes, (ii)
1.0% of the Voting Rights shall be allocated between the Holders of the Class
A-X and Class A-SP Certificates, in proportion to the respective Class Notional
Amounts of such Classes and (iii) 0% for any Class of Principal Balance
Certificates for as long as any such Class of Certificates has not been
transferred by the Initial Purchaser or an Affiliate thereof as part of the
initial offering of the Certificates (which Class of Certificates is therefore
part of the Initial Purchaser's unsold allotment), in each case, determined as
of the Distribution Date immediately preceding such date of determination.
Voting Rights allocated to a particular Class of Certificateholders shall be
allocated among such Certificateholders in proportion to the respective
Percentage Interests evidenced by their respective Certificates. No Voting
Rights shall be allocated to the Class R, Class LR or Class V Certificates.

            "Website" shall mean the internet website maintained by the Trustee
initially located at "www.ctslink.com," or the internet website of the Master
Servicer initially located at "www.capmark.com."

            "Weighted Average Net Mortgage Rate" shall mean, as to any
Distribution Date, the average, as of such Distribution Date, of the Net
Mortgage Pass-Through Rates of the Mortgage Loans weighted by the Stated
Principal Balances thereof; provided that such rate shall not take into account
any modification of the Mortgage Rate after the Closing Date or any modification
of the Mortgage Rate in connection with a bankruptcy, insolvency or similar
proceeding involving the related Borrower.

            "Wells Fargo" shall have the meaning assigned thereto in the
Preliminary Statement to this Agreement.

            "Workout-Delayed Reimbursement Amount" shall mean, with respect to
any Mortgage Loan, the amount of any Advance made with respect to such Mortgage
Loan on or before the date such Mortgage Loan becomes a Corrected Mortgage Loan,
together with (to the extent accrued and unpaid) interest on such Advances, to
the extent that (i) such Advance is not reimbursed to the Person who made such
Advance on or before the date, if any, on which such Mortgage Loan becomes a
Corrected Mortgage Loan and (ii) the amount of such Advance becomes an
obligation of the Borrower to pay such amount under the terms of the modified
Loan Documents. The fact that any amount constitutes all or a portion of any
Workout-Delayed Reimbursement Amount shall not in any manner limit the right of
any Person hereunder to determine that such amount instead constitutes a
Nonrecoverable Advance.

            "Workout Fee" shall mean, with respect to each Corrected Mortgage
Loan, the fee designated as such and payable to the Special Servicer pursuant to
the second paragraph of Section 3.11(c).

            "Workout Fee Rate" shall mean, with respect to each Corrected
Mortgage Loan, 1.0% (100 basis points).

            "Yield Maintenance Certificates" shall mean the Class A-1, Class
A-2, Class A-AB, Class A-3, Class, A-1-A, Class A-M, Class A-J, Class B, Class
C, Class D, Class E, Class F, Class G, Class H, Class J and Class K
Certificates.

            "Yield Maintenance Charge" shall mean, with respect to any Mortgage
Loan, any premium, fee or other additional amount paid or payable, as the
context requires, by a Borrower in connection with a Principal Prepayment on, or
other early collection of principal of, a Mortgage Loan, calculated, in whole or
in part, pursuant to a yield maintenance formula or otherwise pursuant to a
formula that reflects the lost interest, including a Yield Maintenance Minimum
Amount.

            "Yield Maintenance Minimum Amount" shall mean, with respect to a
Mortgage Loan that provides for a Yield Maintenance Charge to be paid in
connection with any Principal Prepayment thereon or other early collection of
principal thereof, any specified amount or specified percentage of the amount
prepaid which constitutes the minimum amount that such Yield Maintenance Charge
may be.

            "Yield Rate" shall mean, with respect to any Mortgage Loan, subject
to Section 2.01(d)(i), 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 Mortgage 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 General Interpretive Principles

            For purposes of this Agreement, except as otherwise expressly
provided or unless the context otherwise requires:

            (i) the terms defined in this Agreement have the meanings assigned
      to them in this Agreement and include the plural as well as the singular,
      and the use of any gender herein shall be deemed to include the other
      gender;

            (ii) accounting terms not otherwise defined herein have the meanings
      assigned to them in accordance with GAAP as in effect from time to time;

            (iii) references herein to "Articles," "Sections," "Subsections,"
      "Paragraphs" and other subdivisions without reference to a document are to
      designated Articles, Sections, Subsections, Paragraphs and other
      subdivisions of this Agreement;

            (iv) a reference to a Subsection without further reference to a
      Section is a reference to such Subsection as contained in the same Section
      in which the reference appears, and this rule shall also apply to
      Paragraphs and other subdivisions;

            (v) the words "herein," "hereof," "hereunder," "hereto," "hereby"
      and other words of similar import refer to this Agreement as a whole and
      not to any particular provision; and

            (vi) the terms "include" and "including" shall mean without
      limitation by reason of enumeration.

            Section 1.03 Certain Calculations in Respect of the Mortgage Pool

            (a) All amounts collected by or on behalf of the Trust in respect of
any Cross-Collateralized Group in the form of payments from Borrowers, Insurance
Proceeds, Condemnation Proceeds and Liquidation Proceeds, shall be applied among
the Mortgage Loans constituting such Cross-Collateralized Group in accordance
with the express provisions of the related Mortgage Loan Documents and, in the
absence of such express provisions, in accordance with the Servicing Standard.
All amounts collected by or on behalf of the Trust in respect of or allocable to
any particular Mortgage Loan (whether or not such Mortgage Loan constitutes part
of a Cross-Collateralized Group) in the form of payments from Borrowers,
Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds shall be
applied to amounts due and owing under the related Mortgage Note and Mortgage
(including for principal and accrued and unpaid interest) in accordance with the
express provisions of the related Mortgage Loan Documents and, in the absence of
such express provisions or if and to the extent that such terms authorize the
lender to use its discretion, shall be applied: first, as a recovery of any
related and unreimbursed Servicing Advances, if applicable, unpaid Liquidation
Expenses and, to the extent not covered by Liquidation Expenses, Additional
Trust Fund Expenses and other fees and expenses payable to the Master Servicer,
the Special Servicer or the Trustee and attributable to such Mortgage Loan;
second, as a recovery of any related Nonrecoverable Advances and Workout-Delayed
Reimbursement Amounts (and Advance Interest thereon) that were paid from
collections of principal on the Mortgage Loans, third, as a recovery of accrued
and unpaid interest on such Mortgage Loan to, but not including, the date of
receipt by or on behalf of the Trust (or, in the case of a full Monthly Payment
from any Borrower, through the related Due Date), exclusive, however, of any
portion of such accrued and unpaid interest that constitutes Default Interest
or, in the case of an ARD Mortgage Loan after its Anticipated Repayment Date,
that constitutes Post-ARD Additional Interest; fourth as a recovery of principal
of such Mortgage Loan then due and owing, including by reason of acceleration of
the Mortgage Loan following a default thereunder (or, if a Liquidation Event has
occurred in respect of such Mortgage Loan, as a recovery of principal to the
extent of its entire remaining unpaid principal balance); fifth, unless a
Liquidation Event has occurred in respect of such Mortgage Loan, as a recovery
of amounts to be currently applied to the payment of, or escrowed for the future
payment of, real estate taxes, assessments, insurance premiums, ground rents (if
applicable) and similar items; sixth, unless a Liquidation Event has occurred in
respect of such Mortgage Loan, as a recovery of Reserve Funds to the extent then
required to be held in escrow; seventh, as a recovery of any Yield Maintenance
Charge then due and owing under such Mortgage Loan; eighth, as a recovery of any
Default Charges then due and owing under such Mortgage Loan; ninth, as a
recovery of any assumption fees and modification fees then due and owing under
such Mortgage Loan; tenth, as a recovery of any other amounts then due and owing
under such Mortgage Loan other than remaining unpaid principal and, in the case
of an ARD Mortgage Loan after its Anticipated Repayment Date, other than
Post-ARD Additional Interest; eleventh, as a recovery of any remaining principal
of such Mortgage Loan to the extent of its entire remaining unpaid principal
balance; and, twelfth, in the case of an ARD Mortgage Loan after its Anticipated
Repayment Date, as a recovery of accrued and unpaid Post-ARD Additional Interest
on such ARD Mortgage Loan to but not including the date of receipt by or on
behalf of the Trust.

            (b) Collections by or on behalf of the Trust in respect of each REO
Property (exclusive of amounts to be applied to the payment of the costs of
operating, managing, maintaining and disposing of such REO Property) shall be
treated: first, as a recovery of any related and unreimbursed Servicing Advances
and, if applicable, unpaid Liquidation Expenses and, to the extent not covered
by Liquidation Expenses, Additional Trust Fund Expenses or other fees and
expenses payable to the Master Servicer, the Special Servicer or the Trustee and
attributable to such REO Property or the related REO Mortgage Loan; second, as a
recovery of any related Nonrecoverable Advances (and Advance Interest thereon)
and Workout-Delayed Reimbursement Amounts that were paid from collections of
principal on the Mortgage Loan; third, as a recovery of accrued and unpaid
interest on the related REO Mortgage Loan to, but not including, the Due Date in
the Collection Period of receipt, by or on behalf of the Trust exclusive,
however, of any portion of such accrued and unpaid interest that constitutes
Default Interest or, in the case of an REO Mortgage Loan that relates to an ARD
Mortgage Loan after its Anticipated Repayment Date, that constitutes Post-ARD
Additional Interest; fourth as a recovery of principal of the related REO
Mortgage Loan to the extent of its entire unpaid principal balance; fifth, as a
recovery of any Yield Maintenance Charge deemed to be due and owing in respect
of the related REO Mortgage Loan; sixth, as a recovery of any Default Charges
deemed to be due and owing in respect of the related REO Mortgage Loan; seventh,
as a recovery of any other amounts deemed to be due and owing in respect of the
related REO Mortgage Loan (other than, in the case of an REO Mortgage Loan that
relates to an ARD Mortgage Loan after its Anticipated Repayment Date, accrued
and unpaid Post-ARD Additional Interest); and eighth, in the case of an REO
Mortgage Loan that relates to an ARD Mortgage Loan after its Anticipated
Repayment Date, as a recovery of any accrued and unpaid Post-ARD Additional
Interest on such REO Mortgage Loan to but not including the date of receipt by
or on behalf of the Trust.

            (c) For the purposes of this Agreement, Post-ARD Additional Interest
on an ARD Mortgage Loan or a successor REO Mortgage Loan shall be deemed not to
constitute principal or any portion thereof and shall not be added to the unpaid
principal balance or Stated Principal Balance of such ARD Mortgage Loan or
successor REO Mortgage Loan, notwithstanding that the terms of the related
Mortgage Loan Documents so permit. To the extent any Post-ARD Additional
Interest is not paid on a current basis, it shall be deemed to be deferred
interest.

            (d) Insofar as amounts received in respect of any Mortgage Loan or
REO Property and allocable to shared fees and shared charges owing in respect of
such Mortgage Loan or the related REO Mortgage Loan, as the case may be, that
constitute Additional Master Servicing Compensation payable to the Master
Servicer and/or Additional Special Servicing Compensation payable to the Special
Servicer, are insufficient to cover the full amount of such fees and charges,
such amounts shall be allocated between such of those fees and charges as are
payable to the Master Servicer, on the one hand, and such of those fees and
charges as are payable to the Special Servicer, on the other, pro rata in
accordance with their respective entitlements.

            (e) The foregoing applications of amounts received in respect of any
Mortgage Loan or REO Property shall be determined by the Master Servicer and
reflected in the appropriate monthly report from such Master Servicer and in the
appropriate monthly Trustee Report as provided in Section 4.02.

            Section 1.04 Cross-Collateralized Mortgage Loans

            Notwithstanding anything herein to the contrary, it is hereby
acknowledged that the groups of Mortgage Loans identified on the Mortgage Loan
Schedule as being cross-collateralized with each other are, in the case of each
such particular group of Mortgage Loans, by their terms, cross-defaulted and
cross-collateralized with each other. For purposes of reference only in this
Agreement, and without in any way limiting the servicing rights and powers of
the Master Servicer and/or the Special Servicer, with respect to any
Cross-Collateralized Mortgage Loan (or successor REO Mortgage Loan), the
Mortgaged Property (or REO Property) that relates or corresponds thereto shall
be the property identified in the Mortgage Loan Schedule as corresponding
thereto. The provisions of this Agreement, including each of the defined terms
set forth in Section 1.01, shall be interpreted in a manner consistent with this
Section 1.04; provided that, if there exists with respect to any
Cross-Collateralized Group only one original or certified copy of any document
referred to in the definition of "Mortgage File" covering all the Mortgage Loans
in such Cross-Collateralized Group, then the inclusion of the original or
certified copy of such document in the Mortgage File for any of the Mortgage
Loans constituting such Cross-Collateralized Group shall be deemed an inclusion
of such original or certified copy in the Mortgage File for each such Mortgage
Loan.

            Section 1.05 Certain Adjustments to the Principal Distributions on
                         the Certificates

            (a) If, in accordance with the provisions of this Agreement, any
party hereto is reimbursed out of general collections (but solely collections of
principal with respect to Workout-Delayed Reimbursement Amounts unless it has
been determined in accordance with this Agreement that such Workout-Delayed
Reimbursement Amounts are Nonrecoverable Advances) on the Mortgage Pool on
deposit in the Collection Account for any Nonrecoverable Advance or any
Workout-Delayed Reimbursement Amount (in each case, together with interest
accrued and payable thereon), then (for purposes of calculating distributions on
the Certificates) such reimbursement and/or such payment of interest shall be
deemed to have been made:

            first, out of any amounts then on deposit in the Collection Account
representing payments or other collections of principal received by the Trust
with respect to the Loan Group to which such Mortgage Loan generating the
Nonrecoverable Advance or Workout-Delayed Reimbursement Amount belongs that, but
for their application to reimburse a Nonrecoverable Advance or Workout-Delayed
Reimbursement Amount, as applicable, and/or to pay interest thereon, would be
included in the Available Distribution Amount for any subsequent Distribution
Date;

            second, out of any amounts (but solely collections of principal with
respect to Workout-Delayed Reimbursement Amounts unless it has been determined
in accordance with this Agreement that such Workout-Delayed Reimbursement
Amounts are Nonrecoverable Advances) representing payments or other collections
of principal received by the Trust with respect to the Loan Group to which such
Mortgage Loan generating the Nonrecoverable Advance or Workout-Delayed
Reimbursement Amount belongs that, but for their application to reimburse a
Nonrecoverable Advance or Workout-Delayed Reimbursement Amount, as applicable,
and/or to pay interest thereon, would be included in the Available Distribution
Amount for any subsequent Distribution Date; and

            third, out of any other amounts (but solely collections of principal
with respect to Workout-Delayed Reimbursement Amounts unless it has been
determined in accordance with this Agreement that such Workout-Delayed
Reimbursement Amounts are Nonrecoverable Advances) representing payments or
other collections of principal received by the Trust with respect to the Loan
Group to which such Mortgage Loan generating the Nonrecoverable Advance or
Workout-Delayed Reimbursement Amount belongs that may be available in the
Collection Account to reimburse the subject Nonrecoverable Advance or
Workout-Delayed Reimbursement Amount, as applicable, and/or to pay interest
thereon.

            (b) If and to the extent that any payment or other collection of
principal of any Mortgage Loan or REO Mortgage Loan is deemed to be applied in
accordance with clauses first and/or second of the preceding paragraph to
reimburse a Nonrecoverable Advance or Workout-Delayed Reimbursement Amount, as
applicable, or in each case, to pay interest thereon, (and further if and to the
extent that such payment or other collection of principal constitutes part of
the Total Principal Distribution Amount for any Distribution Date, then the
Principal Distribution Amount for such Distribution Date shall be reduced by the
portion, if any, of such payment or other collection of principal that, but for
the application of this paragraph, would have been included as part of such
Principal Distribution Amount) then (for purposes of calculating distributions
on the Certificates) such reimbursement and/or such payment of interest shall be
deemed to have been made out of any amounts then on deposit in the Distribution
Account that represent payments or other collections of principal received by
the Trust first, from such principal payments or collections that are allocated
to the Loan Group to which such Mortgage Loan generating the Nonrecoverable
Advance or Workout-Delayed Reimbursement Amount belongs and second, from such
principal payments or collections allocated to the other Loan Group, that in
either case, but for their application to reimburse a Nonrecoverable Advance or
Workout-Delayed Reimbursement Amount and/or to pay interest thereon, would be
included in the Available Distribution Amount for any Distribution Date.

            (c) If and to the extent that any Advance is determined to be a
Nonrecoverable Advance or Workout-Delayed Reimbursement Amount, as applicable,
such Advance and/or interest thereon is reimbursed out of general collections on
the Mortgage Pool as contemplated by Section 1.05(a) above and the particular
item for which such Nonrecoverable Advance or Workout-Delayed Reimbursement
Amount was originally made is subsequently collected out of payments or other
collections in respect of the related Mortgage Loan, then the Principal
Distribution Amount for the Distribution Date that corresponds to the Collection
Period in which such item was recovered shall be increased by an amount equal to
the lesser of (A) the amount of such item and (B) any previous reduction in the
Principal Distribution Amount for a prior Distribution Date pursuant to Section
1.05(b) above resulting from the reimbursement of the subject Advance and/or the
payment of interest thereon.

                                   ARTICLE II

     CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES;
                 ORIGINAL ISSUANCE OF UNCERTIFICATED LOWER-TIER
                      INTERESTS; EXECUTION OF CERTIFICATES

            Section 2.01 Conveyance of Mortgage Loans

            (a) It is the intention of the parties hereto that a common law
trust be established under the laws of the State of New York pursuant to this
Agreement and, further, that such trust be designated as "Credit Suisse
Commercial Mortgage Trust 2007-C1." Wells Fargo is hereby appointed, and does
hereby agree, to act as Trustee hereunder and, in such capacity, to hold the
Trust Fund in trust for the exclusive use and benefit of all present and future
Certificateholders, the Swap Counterparty and B Loan Holders (as their interests
may appear). It is not intended that this Agreement create a partnership or a
joint-stock association.

            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 Original
Mortgage Loans, (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
Original Mortgage Loans (other than payments of principal and interest due and
payable on the Original Mortgage Loans on or before the Cut-off Date and
Principal Prepayments paid on or before the Cut-off Date). The transfer of the
Original Mortgage Loans and the related rights and property accomplished hereby
is absolute and, notwithstanding Section 11.12, is intended by the parties to
constitute a sale.

            Under GAAP, the Depositor shall report and cause all of its records
to reflect: (i) its acquisition of the Original Column Mortgage Loans from
Column, pursuant to the Column Mortgage Loan Purchase Agreement, as a purchase
of such Mortgage Loans from Column, (ii) its acquisition of the Original Capmark
Mortgage Loans (excluding (A) any rights of the lender under the related
Mortgage Loan Documents to establish and/or own a successor borrower in
connection with a defeasance of a such Mortgage Loan and (B) in the case of the
Mortgage Loan identified on the Mortgage Loan Schedule as Woodbrook Lane, any
related exit fees provided for under the related Mortgage Loan Documents) from
the Capmark Mortgage Loan Seller, pursuant to the Capmark Mortgage Loan Purchase
Agreement, as a purchase of such Mortgage Loans from the Capmark Mortgage Loan
Seller and (iii) its transfer of the Original Mortgage Loans to the Trust,
pursuant to this Section 2.01(a), as a sale of such Mortgage Loans to the Trust;
provided that, in the case of the transactions described in clauses (i) and (ii)
of this sentence, the Depositor shall do so only upon the sale of Certificates
representing at least 15% of the aggregate fair value of all the Certificates to
parties that are not Affiliates of the Depositor. Regardless of its treatment of
the transfer of the Original Mortgage Loans to the Trust under GAAP, the
Depositor shall at all times following the Closing Date cause all of its records
and financial statements and any relevant consolidated financial statements of
any direct or indirect parent clearly to reflect that the Original Mortgage
Loans have been transferred to the Trust and are no longer available to satisfy
claims of the Depositor's creditors.

            (b) The conveyance of the Original Mortgage Loans and the related
rights and property accomplished hereby is absolute and is intended by the
parties hereto to constitute an absolute transfer of such Mortgage Loans and
such other related rights and property by the Depositor to the Trustee for the
benefit of the Certificateholders. Furthermore, it is not intended that such
conveyance be a pledge of security for a loan. If such conveyance is determined
to be a pledge of security for a loan, however, the Depositor and the Trustee
intend that the rights and obligations of the parties to such loan shall be
established pursuant to the terms of this Agreement. The Depositor and the
Trustee also intend and agree that, in such event, (i) this Agreement shall
constitute a security agreement under applicable law, (ii) the Depositor shall
be deemed to have granted to the Trustee (in such capacity) a first priority
security interest in all of the Depositor's right, title and interest in and to
the assets constituting the Trust Fund, including the Mortgage Loans subject
hereto from time to time, all principal and interest received on or with respect
to such Mortgage Loans after the Closing Date (other than scheduled payments of
interest and principal due and payable on such Mortgage Loans on or prior to the
related Due Date in March 2007 or, in the case of a Replacement Mortgage Loan,
on or prior to the related date of substitution), all amounts held from time to
time in each Collection Account, the Distribution Account, the Interest Reserve
Account, the Excess Liquidation Proceeds Account and, if established, the REO
Account, each Purchase Price Security Deposit Account and/or each Special
Reserve Account and all reinvestment earnings on such amounts, and all of the
Depositor's right, title and interest under the Mortgage Loan Purchase
Agreements and the Column Performance Guarantee, (iii) the possession by the
Trustee or its agent of the Mortgage Notes with respect to the Mortgage Loans
subject hereto from time to time and such other items of property as constitute
instruments, money, negotiable documents or chattel paper shall be deemed to be
"possession by the secured party" or possession by a purchaser or person
designated by such secured party for the purpose of perfecting such security
interest under applicable law, and (iv) notifications to, and acknowledgments,
receipts or confirmations from, Persons holding such property, shall be deemed
to be notifications to, or acknowledgments, receipts or confirmations from,
securities intermediaries, bailees or agents (as applicable) of the Trustee for
the purpose of perfecting such security interest under applicable law.

            (c) In connection with the Depositor's assignment pursuant to
Section 2.01(b) above, the Depositor hereby represents and warrants that it has
contractually obligated each Mortgage Loan Seller, at such Mortgage Loan
Seller's expense, 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 or a Custodian appointed thereby, on or before the Closing Date, the
Mortgage File and any Additional Collateral (other than Reserve Funds) for each
Original Mortgage Loan acquired by the Depositor from such Mortgage Loan Seller;
provided that in connection with the delivery of the Mortgage File to the Trust,
the original of each Letter of Credit (and any related amendment or assignment)
shall be delivered to the Master Servicer and copy thereof shall be delivered to
the Trustee or the Custodian appointed thereby. The Depositor shall deliver to
the Trustee on or before the Closing Date a fully executed counterpart of each
Mortgage Loan Purchase Agreement and the Column Performance Guarantee.

            Notwithstanding the foregoing, if any Mortgage Loan Seller is unable
to deliver any Letter of Credit constituting Additional Collateral for any of
its Original Mortgage Loans, then that Mortgage Loan Seller may, in lieu
thereof, deliver on behalf of the related Borrower, to be used for the same
purposes as such missing Letter of Credit either: (i) a substitute instrument
substantially comparable to, but in all cases in the same amount and with the
same draw conditions and renewal rights as, that Letter of Credit and issued by
an obligor that meets any criteria in the related Mortgage Loan Documents
applicable to the issuer of that Letter of Credit; or (ii) a LOC Cash Reserve in
an amount equal to the amount of that Letter of Credit. For purposes of the
delivery requirements of this Section 2.01, any such substitute instrument shall
be deemed to be Additional Collateral of the type covered by the prior paragraph
of this Section 2.01(d) and any such LOC Cash Reserve shall be deemed to be
Reserve Funds of the type covered by Section 2.01(f).

            Notwithstanding the foregoing, if the Mortgage Loan Seller cannot
deliver, or cause to be delivered, as to any Mortgage Loan, any of the documents
and/or instruments referred to in clauses (ii), (iii), (viii) (other than
assignments of UCC Financing Statements to be filed in accordance with the
transfer contemplated by the Mortgage Loan Purchase Agreement), (x) and (xii) 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 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: (i)
a photocopy or duplicate original of such non-delivered document or instrument
(certified by the applicable public recording or filing office, the applicable
title insurance company or the Mortgage Loan Seller to be a true and complete
copy of the original thereof submitted for recording or filing) is delivered to
the Trustee, on or before the Closing Date; and (ii) 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 the 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 recording or filing office
such original or photocopy).

            Notwithstanding the foregoing, if the applicable Mortgage Loan
Seller cannot deliver, or cause to be delivered, as to any Mortgage Loan, any of
the documents and/or instruments referred to in clauses (ii), (iii), (viii)
(other than assignments of UCC Financing Statements to be filed in accordance
with the transfer contemplated by the Mortgage Loan Purchase Agreement), (x) and
(xii) 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(c) 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 or
duplicate original 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 (with a copy to the Master
Servicer) on or before the Closing Date.

            Notwithstanding the foregoing, if any Mortgage Loan Seller fails to
deliver a UCC Financing Statement assignment on or before the Closing Date as
required above solely because the related UCC Financing Statement has not been
returned to the Mortgage Loan Seller by the applicable filing office and the
Mortgage Loan Seller has so notified the Trustee, the 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 Financing Statement to the
Trustee upon its return, together with the related original UCC Financing
Statement assignment in a form appropriate for filing.

            None of the Trustee, the Master Servicer or the Special 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(c).

            (d) At the expense of the Mortgage Loan Seller, the Trustee
(directly or through its designee) shall, as to each Mortgage Loan, use its best
efforts to promptly (and in any event no later than the later of (i) 90 days
after the Closing Date (or, in the case of a Replacement Mortgage Loan, the
related date of substitution) 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
(iv) and (v) of the definition of "Mortgage File" and each UCC Financing
Statement assignment to the Trustee referred to in clause (viii) of the
definition of "Mortgage File." Unless otherwise indicated on any documents
provided to the Trustee, the Trustee shall file each such UCC Financing
Statement assignment in the state of incorporation or organization of the
related Borrower; provided that the 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 Financing Statement 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. The respective Mortgage Loan Purchase
Agreements provide for the reimbursement of the Trustee, in each case by the
Mortgage Loan Seller, for the Trustee's 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, including UCC-2 and UCC-3
assignments, with respect to the Original Mortgage Loans conveyed by it to the
Depositor (or, in the case of a Replacement Mortgage Loan, to the Trustee) 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 and
recording indicated thereon.

            (e) In connection with the Depositor's assignment pursuant to
Section 2.01(b) above, the Depositor hereby represents and warrants that it has
contractually obligated each Mortgage Loan Seller, at such Mortgage Loan
Seller's expense, pursuant to the related Mortgage Loan Purchase Agreement, to
deliver to and deposit with, or cause to be delivered to and deposited with, the
Master Servicer within three (3) Business Days after the Closing Date, the
following items (except to the extent any of the following items are to be
retained by a Sub-Servicer that will continue to act on behalf of the Master
Servicer): (i) originals or copies of all financial statements, appraisals,
environmental/engineering reports, leases, rent rolls, third-party underwriting
reports, insurance policies, legal opinions, tenant estoppels and any other
relevant documents that the Master Servicer or Special Servicer reasonably deems
necessary to service the subject Mortgage Loan in the possession or under the
control of such Mortgage Loan Seller that relate to the Original Mortgage Loans
transferred by it to the Depositor, copies of all documents required to be
delivered by such Mortgage Loan Seller to the Trustee or Custodian as a part of
a Mortgage File and, to the extent they are not required to be a part of a
Mortgage File for any such Original Mortgage Loan, originals or copies of all
documents, certificates and opinions in the possession or under the control of
such Mortgage Loan Seller that were delivered by or on behalf of the related
Borrowers in connection with the origination of such Original Mortgage Loans
(provided, however, that such Mortgage Loan Seller shall not be required to
deliver any attorney-client privileged communication or any other documents or
materials prepared by it or its Affiliates solely for internal credit analysis
or other internal uses); and (ii) all unapplied Reserve Funds and Escrow
Payments in the possession or under the control of such Mortgage Loan Seller
that relate to the Original Mortgage Loans transferred by such Mortgage Loan
Seller to the Depositor. The Master Servicer shall hold all such documents,
records and funds that it so receives on behalf of the Trustee in trust for the
benefit of the Certificateholders and, insofar as such items relate to a B Loan,
the related B Loan Holder.

            In addition, with respect to each Mortgage Loan under which any
Additional Collateral is in the form of a Letter of Credit as of the Closing
Date, the Depositor hereby represents and warrants that it has contractually
obligated the related Mortgage Loan Seller to cause to be prepared, executed and
delivered to the issuer of each such Letter of Credit such notices, assignments
and acknowledgments as are required under such Letter of Credit to assign,
without recourse, to (and vest in) the Trustee such party's rights as the
beneficiary thereof and drawing party thereunder, such assignment to be
evidenced by an acknowledgement of the issuer or a reissued letter of credit
delivered to the Master Servicer or the Trustee.

            (f) Also in connection with the Depositor's assignment pursuant to
Section 2.01(b) above, the Depositor shall deliver to and deposit with, or cause
to be delivered to and deposited with, the Master Servicer, on or before the
Closing Date, the original or a copy of any Group Environmental Insurance Policy
(and, if not included in the Servicing File for the subject Mortgage Loan, any
other Environmental Insurance Policy) acquired by the Depositor or an Affiliate
of the Depositor.

            (g) The Depositor shall use reasonable 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 Original Mortgage
Loans in the name of the Mortgage Loan Seller or any other name, to be
transferred to the Master Servicer (or to a Designated Sub-Servicer) for deposit
into Servicing Accounts.

            (h) 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 Mortgage 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 Mortgage Loans in such
group of Crossed Mortgage Loans, the inclusion of the original or certified copy
of such document or instrument in the Mortgage File for any of such Crossed
Mortgage Loans and the inclusion of a copy of such original or certified copy in
each of the Mortgage Files for the other Crossed Mortgage Loans in such group of
Crossed Mortgage Loans shall be deemed the inclusion of such original or
certified copy in the Mortgage Files for each such Crossed Mortgage Loan.

            Section 2.02 Acceptance of Mortgage Assets 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(c), 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 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; provided that to the extent that a
Mortgage File relates to an A Loan, the Trustee shall also hold such Mortgage
File in the trust on behalf of the related B Loan Holders; provided, further,
that the Trustee or any Custodian appointed by the Trustee pursuant to Section
8.12 shall hold any Letter of Credit in a custodial capacity only and shall have
no obligation to maintain, extend the term of, enforce or otherwise pursue any
rights under such Letter of Credit which obligation the Master Servicer hereby
undertakes.

            In connection with the foregoing, the Trustee hereby certifies to
each of the other parties hereto and the Mortgage Loan Sellers that, as to each
Original Mortgage Loan, except as to any LOC Cash Reserve and except as
specifically identified in the Schedule of Exceptions to Mortgage File Delivery
attached hereto as Exhibit B-2, (i) the Specially Designated Mortgage Loan
Documents and all Mortgage Note allonges are in its possession or the possession
of a Custodian on its behalf, and (ii) such Specially Designated Mortgage Loan
Documents, and all Mortgage Note allonges, have been reviewed by it or by such
Custodian on its behalf and (A) appear regular on their face (handwritten
additions, changes or corrections shall not constitute irregularities if
initialed by the Borrower), (B) appear to have been executed and (C) purport to
relate to such Mortgage Loan; provided that with respect to any Letters of
Credit, the Trustee's certification shall be based upon copies of the Letters of
Credit (including related amendment, assignment and transfer documents)
delivered to the Trustee or its Custodian. To the extent that the contents of
the Mortgage File for any A Loan relate to the corresponding B Loan, the Trustee
will also hold such Mortgage File in trust for the benefit of the holder of the
related B Loan.

            (b) On or about the 90th day following the Closing Date (and, if any
exceptions are noted or if the recordation/filing contemplated by Section
2.01(e) has not been completed (based solely on receipt by the Trustee of the
particular documents showing evidence of the recordation/filing), every 90 days
thereafter until the earliest of (i) the date on which such exceptions are
eliminated and such recordation/filing has been completed, and (ii) the date on
which all the affected Mortgage Loans are removed from the Trust Fund), the
Trustee or a Custodian on its behalf shall review the documents delivered to it
or such Custodian with respect to each Original Mortgage Loan, and the Trustee
shall, subject to Sections 1.04, 2.02(c) and 2.02(d), certify in writing
(substantially in the form of Exhibit B-3) to each of the other parties hereto,
the Mortgage Loan Sellers and the Controlling Class Representative that, as to
each Original Mortgage Loan then subject to this Agreement (except as to any LOC
Cash Reserve and except as specifically identified in any exception report
annexed to such certification): (i) the original Mortgage Note specified in
clause (i) of the definition of "Mortgage File" and all allonges thereto, if any
(or a copy of such Mortgage Note, together with a lost note affidavit certifying
that the original of such Mortgage Note has been lost), the original or copy of
documents specified in clauses (ii) through (v), (vii), (ix), (xi), (xii), (xv),
(xvi), (xvii) and (xix) of the definition of "Mortgage File" and, in the case of
a hospitality property, the documents specified in clause (viii) of the
definition of "Mortgage File" (without regard to the parenthetical), and any
other Specially Designated Mortgage Loan Documents, have been received by it or
a Custodian on its behalf; (ii) if such report is due more than 180 days after
the Closing Date, the recordation/filing contemplated by Section 2.01(d) has
been completed (based solely on receipt by the Trustee of the particular
recorded/filed documents or an appropriate receipt of recording/filing
therefor); (iii) all documents received by it or any Custodian with respect to
such Mortgage Loan have been reviewed by it or by such Custodian on its behalf
and (A) appear regular on their face (handwritten additions, changes or
corrections shall not constitute irregularities if initialed by the Borrower),
(B) appear to have been executed and (C) purport to relate to such Mortgage
Loan. Further, with respect to the documents described in clause (viii) of the
definition of "Mortgage File," the Trustee may assume, for purposes of the
certification delivered pursuant to this Section 2.02(b), that the related
Mortgage File should include one state level UCC Financing Statement filing in
the state of incorporation of the related Borrower for each Mortgaged Property,
or, with respect to any Mortgage Loan that has two or more Borrowers, one state
level UCC Financing Statement filing in the state of incorporation of each such
Borrower. 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.

            If a Mortgage Loan Seller or the Column Performance Guarantor
substitutes a Replacement Mortgage Loan for any Defective Mortgage Loan as
contemplated by Section 2.03, the Trustee or a Custodian on its behalf shall
review the documents delivered to it or such Custodian with respect to such
Replacement Mortgage Loan, and the Trustee shall deliver a certification
comparable to that described in the prior paragraph, in respect of such
Replacement Mortgage Loan, on or about the 30th day following the related date
of substitution (and, if any exceptions are noted, every 90 days thereafter
until the earliest of (i) the date on which such exceptions are eliminated and
all related recording/filing has been completed, and (ii) the date on which such
Replacement Mortgage Loan is removed from the Trust Fund).

            (c) It is herein acknowledged that the Trustee is not under any duty
or obligation (A) to determine whether any of the documents specified in clauses
(vi), (x), (xiii), (xiv), (xvi), (xvii) and (xviii) of the definition of
"Mortgage File" and all documents specified on the Mortgage Loan checklist
referred to in clause (xix) of the definition of "Mortgage File" exist or are
required to be delivered by the Depositor, the Mortgage Loan Seller or any other
Person other than to the extent identified on the related Mortgage Loan
Schedule, or (B) to inspect, review or examine any of the documents,
instruments, certificates or other papers relating to the Mortgage 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. To the extent the Trustee has actual knowledge or is notified of any
fixture or real property UCC Financing Statements, the Trustee shall file an
assignment to the Trust with respect to such UCC Financing Statements in the
appropriate jurisdiction under the UCC at the expense of the Mortgage Loan
Seller.

            (d) If, in the process of reviewing the Mortgage Files or at any
time thereafter, the Trustee finds that a Defect exists with respect to any
Mortgage File, the Trustee shall promptly so notify the Depositor, the Master
Servicer, the Special Servicer and the Mortgage Loan Seller (and, solely with
respect to any A/B Loan Pair, the related B Loan Holder(s), as applicable), by
providing a written report (the "Trustee Exception Report") setting forth for
each affected Mortgage 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
Mortgage Loans identified on the Mortgage Loan Schedule, appear to be what they
purport to be, or have not been torn, mutilated or otherwise defaced.

            Section 2.03  Certain Repurchases and Substitutions of Mortgage
                          Loans by the Mortgage Loan Sellers and the
                          Column Performance Guarantor; the Purchase
                          Price Security Deposit Account and the Special
                          Reserve Account

            (a) If any party hereto discovers, or receives notice from a
non-party, that a Document Defect or Breach exists with respect to any Mortgage
Loan, then such party shall give prompt written notice thereof to the other
parties hereto, including (unless it is the party that discovered the Document
Defect or Breach) the Trustee. Upon the Trustee's discovery or receipt of notice
that a Document Defect or Breach exists with respect to any Mortgage Loan, the
Trustee shall notify the Controlling Class Representative, the Depositor, the
related Mortgage Loan Seller and the Column Performance Guarantor (if a Column
Mortgage Loan is involved).

            If necessary, the Trustee shall request each Mortgage Loan Seller to
comply with the second paragraph of Section 2(c) of the related Mortgage Loan
Purchase Agreement with respect to any Document Defect or other deficiency in a
Mortgage File relating to an Original Mortgage Loan transferred by such Mortgage
Loan Seller to the Depositor. If the Trustee becomes aware of any failure on the
part of any Mortgage Loan Seller to do so, the Trustee shall promptly notify the
Master Servicer and the Special Servicer.

            (b) Promptly upon its becoming aware of any Material Document Defect
or Material Breach with respect to any Mortgage Loan, the Master Servicer shall
(and the Special Servicer may) notify the related Mortgage Loan Seller and, if
the affected Mortgage Loan is a Column Mortgage Loan, the Column Performance
Guarantor, in writing of such Material Document Defect or Material Breach, as
the case may be, and direct the related Mortgage Loan Seller and, if the
affected Mortgage Loan is a Column Mortgage Loan, the Column Performance
Guarantor, that it or they, as the case may be, must, not later than 90 days
(or, in the case of a Material Document Defect that consists of the failure to
deliver a Specially Designated Mortgage Loan Document with respect to any
Mortgage Loan, 15 days) from the receipt by the related Mortgage Loan Seller
and, if the affected Mortgage Loan is a Column Mortgage Loan, the Column
Performance Guarantor, of such notice (or any earlier discovery by the related
Mortgage Loan Seller of the subject Material Document Defect or Material Breach,
as the case may be) (such 90-day (or, if applicable, 15-day) period, the
"Initial Resolution Period"), correct or cure such Material Document Defect or
Material Breach, as the case may be, in all material respects or, subject to the
next paragraph and Section 2.03(d) below, repurchase the affected Mortgage Loan
(as, if and to the extent required by the related Mortgage Loan Purchase
Agreement or the Column Performance Guarantee, as applicable), at the applicable
Purchase Price; provided that if the related Mortgage Loan Seller or,
alternatively, if the affected Mortgage Loan is a Column Mortgage Loan, the
Column Performance Guarantor, certifies to the Trustee in writing (i) that such
Material Document Defect or Material Breach, as the case may be, does not relate
to whether the affected Mortgage Loan is or, as of the Closing Date, was a
"qualified mortgage" within the meaning of Section 860G(a)(3) of the Code, (ii)
that such Material Document Defect or Material Breach, as the case may be, is
capable of being cured but not within the applicable Initial Resolution Period,
(iii) that the related Mortgage Loan Seller or, alternatively, if the affected
Mortgage Loan is a Column Mortgage Loan, the Column Performance Guarantor, has
commenced and is diligently proceeding with the cure of such Material Document
Defect or Material Breach, as the case may be, within the applicable Initial
Resolution Period, (iv) what actions the related Mortgage Loan Seller or,
alternatively, if the affected Mortgage Loan is a Column Mortgage Loan, the
Column Performance Guarantor, is pursuing in connection with the cure of such
Material Document Defect or Material Breach, as the case may be, and (v) that
the related Mortgage Loan Seller or, alternatively, if the affected Mortgage
Loan is a Column Mortgage Loan, the Column Performance Guarantor, anticipates
that such Material Document Defect or Material Breach, as the case may be, will
be cured within an additional period equal to any such applicable Resolution
Extension Period (a copy of which certification shall be delivered by the
Trustee to the Master Servicer, the Special Servicer and the Controlling Class
Representative), then the related Mortgage Loan Seller and, if the affected
Mortgage Loan is a Column Mortgage Loan, the Column Performance Guarantor, shall
have an additional period equal to any such applicable Resolution Extension
Period to complete such correction or cure (or, upon failure to complete such
correction or cure, to repurchase the affected Mortgage Loan); and provided,
further, that, in lieu of effecting any such repurchase (but, in any event, no
later than such repurchase would have to have been completed), the related
Mortgage Loan Seller and, if the affected Mortgage Loan is a Column Mortgage
Loan, the Column Performance Guarantor, shall be permitted, during the
three-month period following the Closing Date (or during the two-year period
following the Closing Date if the affected Mortgage Loan is a "defective
obligation" within the meaning of Section 860G(a)(4)(B)(ii) of the Code and
Treasury Regulations Section 1.860G-2(f)), to replace the affected Mortgage Loan
with one or more Qualifying Substitute Mortgage Loans and to pay a cash amount
equal to the applicable Substitution Shortfall Amount, subject to any other
applicable terms and conditions of the related Mortgage Loan Purchase Agreement
or the Column Performance Guarantee, as applicable, and this Agreement. If any
Mortgage Loan is to be repurchased or replaced as contemplated by this Section
2.03, the Master Servicer shall designate the Collection Account as the account
to which funds in the amount of the applicable Purchase Price or Substitution
Shortfall Amount (as the case may be) are to be wired, and such Master Servicer
shall promptly notify the Trustee when such deposit is made. Any such repurchase
or replacement of a Mortgage Loan shall be on a whole loan, servicing released
basis.

            Notwithstanding the foregoing, if there exists a Breach of any
representation or warranty on the part of a Mortgage Loan Seller set forth in,
or made pursuant to, Section 4(b) or 4(d) of the related Mortgage Loan Purchase
Agreement that 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
the Master Servicer shall (and the Special Servicer may) direct the related
Mortgage Loan Seller in writing to wire transfer to the Collection Account,
within 90 days of such Mortgage Loan Seller's receipt of such direction, the
amount of any such costs and expenses borne by the Trust 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
related Mortgage Loan Seller shall have the option to repurchase such Mortgage
Loan at the applicable Purchase Price, substitute for such Mortgage Loan
(subject to the criteria for substitution) and pay the applicable Substitution
Shortfall Amount or pay such costs and expenses. Except as provided in the
proviso to the immediately preceding sentence, the related Mortgage Loan Seller
shall remit the amount of such costs and expenses 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, this paragraph describes
the sole remedy available to the Certificateholders and the Trustee on their
behalf regarding any such Breach, regardless of whether it constitutes a
Material Breach, and neither the related Mortgage Loan Seller nor, if the
affected Mortgage Loan is a Column Mortgage Loan, the Column Performance
Guarantor, shall be obligated to repurchase or otherwise cure such Breach under
any circumstances. Amounts deposited in the Collection Account pursuant to this
paragraph shall constitute "Liquidation Proceeds" for all purposes of this
Agreement (other than Section 3.11(c)).

            "Resolution Extension Period" shall mean:

            (i) for purposes of remediating a Material Breach with respect to
      any Mortgage Loan, 90 days;

            (ii) for purposes of remediating a Material Document Defect with
      respect to any Mortgage Loan that is and remains a Performing Mortgage
      Loan throughout the applicable Initial Resolution Period, the period
      commencing at the end of the applicable Initial Resolution Period and
      ending on, and including, the earlier of (A) the 90th day following the
      end of such Initial Resolution Period and (B) the 45th day following the
      related Mortgage Loan Seller's receipt of written notice from the Trustee,
      the Master Servicer or the Special Servicer of the occurrence of any
      Servicing Transfer Event with respect to such Mortgage Loan subsequent to
      the end of such Initial Resolution Period;

            (iii) for purposes of remediating a Material Document Defect with
      respect to any Mortgage Loan that is a Performing Mortgage Loan as of the
      commencement of the applicable Initial Resolution Period, but as to which
      a Servicing Transfer Event occurs during such Initial Resolution Period,
      the period commencing at the end of the applicable Initial Resolution
      Period and ending on, and including, the 90th day following the earlier of
      (A) the end of such Initial Resolution Period and (B) the related Mortgage
      Loan Seller's receipt of written notice from the Trustee, the Master
      Servicer or the Special Servicer of the occurrence of such Servicing
      Transfer Event; and

            (iv) for purposes of remediating a Material Document Defect with
      respect to any Mortgage Loan that is a Specially Serviced Mortgage Loan as
      of the commencement of the applicable Initial Resolution Period, zero
      (-0-) days, except that, if the related Mortgage Loan Seller did not
      receive written notice from the Trustee, the Master Servicer or the
      Special Servicer of the relevant Servicing Transfer Event as of the
      commencement of the applicable Initial Resolution Period, then such
      Servicing Transfer Event will be deemed to have occurred during such
      Initial Resolution Period and clause (iii) of this definition will be
      deemed to apply;

provided that, except as otherwise set forth in the following two provisos,
there shall be no Resolution Extension Period in respect of a Material Document
Defect involving a Specially Designated Mortgage Loan Document for any Mortgage
Loan; and provided, further, that if a Material Document Defect exists with
respect to any Mortgage Loan, and if the related Mortgage Loan Seller or the
Column Performance Guarantor, as the case may be, escrows with the Master
Servicer, prior to the end of the Initial Resolution Period and any Resolution
Extension Period otherwise applicable to the remediation of such Material
Document Defect without regard to this proviso, cash in the amount of the then
Purchase Price for such Mortgage Loan and subsequently delivers to the Master
Servicer, on a monthly basis, such additional cash as may be necessary to
maintain a total escrow equal to the Purchase Price for such Mortgage Loan as
such amount may increase over time (the total amount of cash delivered to the
Master Servicer with respect to any Mortgage Loan as contemplated by this
proviso or the immediately following proviso, the "Purchase Price Security
Deposit"), then the Resolution Extension Period applicable to the remediation of
such Material Document Defect shall be extended until the earliest of (i) the
second anniversary of the Closing Date, (ii) the date on which such Mortgage
Loan is no longer outstanding and part of the Trust Fund and (iii) if such
Mortgage Loan becomes a Specially Serviced Mortgage Loan, and if the Special
Servicer determines in its reasonable judgment that such Material Document
Defect will materially interfere with or delay the realization against the
related Mortgaged Property or materially increase the cost thereof, the 30th day
following the related Mortgage Loan Seller's receipt of written notice from the
Special Servicer of the occurrence of the related Servicing Transfer Event and
of such determination; and provided, further, that if the Material Document
Defect referred to in the preceding proviso consists of a failure to deliver a
Specially Designated Mortgage Loan Document with respect to a Mortgage Loan, and
if the related Mortgage Loan Seller or the Column Performance Guarantor, as the
case may be, delivers to the Master Servicer a Purchase Price Security Deposit
equal to 25% of the outstanding principal balance of the subject Mortgage Loan,
then the Resolution Extension Period applicable to the remediation of such
Material Document Defect shall be extended to the 15th day following the end of
the applicable Initial Resolution Period.

            The Master Servicer shall establish, and maintain any Purchase Price
Security Deposit delivered to it with respect to any Mortgage Loan in, one or
more accounts (individually and collectively, a "Purchase Price Security Deposit
Account"), each of which shall be an Eligible Account, and shall be entitled to
make withdrawals from the Purchase Price Security Deposit for any Mortgage Loan
maintained in such account(s) for the following purposes: (i) to cover any costs
and expenses resulting from the applicable Material Document Defect; (ii) upon
any discounted payoff or other liquidation of such Mortgage Loan, to cover any
Realized Loss related thereto; and (iii) if the related Mortgage Loan Seller
(or, if it is the party that delivered the subject Purchase Price Security
Deposit, the Column Performance Guarantor) so directs, or if the balance on
deposit in such Purchase Price Security Deposit Account declines, and for 45
days remains, below the Purchase Price for such Mortgage Loan (except where a
Purchase Price Security Deposit equal to 25% of the outstanding principal
balance of the subject Mortgage Loan is permitted to be delivered in order to
obtain a 15-day Resolution Extension Period with respect to the failure to
deliver a Specially Designated Mortgage Loan Document), or if such Material
Document Defect is not remedied on or before the second anniversary of the
Closing Date, or if such Mortgage Loan becomes a Specially Serviced Mortgage
Loan and the Special Servicer determines, in its reasonable judgment that such
Material Document Defect will materially interfere with or delay the realization
against the related Mortgaged Property or materially increase the cost thereof
and the related Mortgage Loan Seller has received 30 days' prior written notice
from the Special Servicer of the occurrence of the related Servicing Transfer
Event and of such determination, to apply the Purchase Price Security Deposit to
a full or partial, as applicable, payment of the Purchase Price for such
Mortgage Loan. Any amounts withdrawn by the Master Servicer from the Purchase
Price Security Deposit Account for any Mortgage Loan shall be deposited by the
Master Servicer into the Collection Account. Any withdrawals from a Purchase
Price Security Deposit Account shall be deemed to be "Liquidation Proceeds" for
the purposes of this Agreement (other than Section 3.11(c)). Any Purchase Price
Security Deposit Account, and any Purchase Price Security Deposit, shall (a) be
part of the Trust Fund but outside either Trust REMIC or the Grantor Trust Pool
and (b) be an "outside reserve fund" within the meaning of the REMIC Provisions,
beneficially owned by the related Mortgage Loan Seller or the Column Performance
Guarantor, as applicable, for federal income tax purposes, which shall be
taxable on all reinvestment income, if any, thereon. The investment of funds in
the Purchase Price Security Deposit Accounts shall be governed by the terms of
the respective Mortgage Loan Purchase Agreements. The related Mortgage Loan
Seller (or, if it is the party that delivered such amount, the Column
Performance Guarantor) may obtain a release of the Purchase Price Security
Deposit for any Mortgage Loan (net of any amounts payable therefrom as
contemplated by the first sentence of this paragraph) upon such Mortgage Loan's
being paid in full or otherwise satisfied, liquidated or removed from the Trust
Fund or upon the subject Material Document Defect's being remedied in all
material respects. Any such repurchase or replacement of a Mortgage Loan shall
be on a whole loan, servicing released basis.

            If one or more (but not all) of the Mortgage Loans constituting a
Cross-Collateralized Group are to be repurchased or replaced by a Mortgage Loan
Seller or the Column Performance Guarantor, as contemplated by this Section
2.03, then, prior to the subject repurchase or substitution, the Master Servicer
shall use its reasonable efforts, subject to the terms of the affected Mortgage
Loans, to prepare and, to the extent necessary and appropriate, have executed by
the related Borrower and record, such documentation as may be necessary to
terminate the cross-collateralization between the Mortgage Loans in such
Cross-Collateralized Group that are to be repurchased or replaced, on the one
hand, and the remaining Mortgage Loans therein, on the other hand, such that
those two groups of Mortgage Loans are each secured only by the Mortgaged
Properties identified in the Mortgage Loan Schedule as directly corresponding
thereto; provided that no such termination shall be effected unless and until
the related Mortgage Loan Seller or the Column Performance Guarantor, as
applicable, delivers to the Trustee and the Master Servicer (i) an Opinion of
Counsel addressed to the Trustee and the Master Servicer from Independent
counsel to the effect that such termination will not cause an Adverse REMIC
Event to occur with respect to the Upper-Tier REMIC or Lower-Tier REMIC or an
Adverse Grantor Trust Event with respect to the Grantor Trust Pool, (ii) written
confirmation from each Rating Agency that such termination will not cause an
Adverse Rating Event to occur with respect to any Class of Rated Certificates
and (iii) written consent from the Controlling Class Representative (which
consent may be given or withheld in its sole discretion); and provided, further,
that the related Mortgage Loan Seller or the Column Performance Guarantor, as
applicable, may, at its option, repurchase or replace the entire
Cross-Collateralized Group without termination of the cross-collateralization.
If any Mortgage Loan Seller or the Column Performance Guarantor repurchases one
or more (but not all) of the Mortgage Loans constituting a Cross-Collateralized
Group as contemplated in this paragraph, in addition to the satisfaction of the
delivery of the items set forth in the immediately preceding sentence, the
Crossed Mortgage Loan Repurchase Criteria shall have been satisfied. The Master
Servicer shall advance all costs and expenses incurred by the Trustee and the
Master Servicer with respect to any Cross-Collateralized Group pursuant to this
paragraph, and such advances shall (i) constitute and be reimbursable as
Servicing Advances and (ii) be included in the calculation of Purchase Price for
the Mortgage Loan(s) to be repurchased or replaced. Neither the Master Servicer
nor the Special Servicer shall be liable to any Certificateholder or any other
party hereto if the cross-collateralization of any Cross-Collateralized Group
cannot be terminated as contemplated by this paragraph for any reason beyond the
control of the Master Servicer or the Special Servicer, as the case may be.

            If the cross-collateralization of any Cross-Collateralized Group of
Mortgage Loans cannot be terminated as contemplated by the prior paragraph for
any reason (including, but not limited to, the failure of the related Mortgage
Loan Seller or the Column Performance Guarantor, as the case may be, to satisfy
any of the conditions set forth in the first proviso to the first sentence of
the prior paragraph), and if the related Mortgage Loan Seller or the Column
Performance Guarantor, as the case may be, has not elected to purchase the
entire affected Cross-Collateralized Group, then the affected
Cross-Collateralized Group will be treated as a single Mortgage Loan for
purposes of (i) determining whether the subject Breach or Document Defect is a
Material Breach or a Material Document Defect, as the case may be, and (ii)
applying remedies, including repurchase and substitution.

            Whenever one or more mortgage loans are substituted for a Defective
Mortgage Loan by a Mortgage Loan Seller or the Column Performance Guarantor, as
contemplated by this Section 2.03, the Master Servicer shall direct the party
effecting the substitution to deliver the related Mortgage File to the Trustee,
to certify that such substitute mortgage loan satisfies or such substitute
mortgage loans satisfy, as the case may be, all of the requirements of the
definition of "Qualifying Substitute Mortgage Loan" and to send such
certification to the Trustee. No mortgage loan may be substituted for a
Defective Mortgage Loan as contemplated by this Section 2.03 if the Mortgage
Loan to be replaced was itself a Replacement Mortgage Loan, in which case,
absent a cure of the relevant Material Breach or Material Document Defect, the
affected Mortgage Loan will be required to be repurchased as contemplated
hereby. Monthly Payments due with respect to each Replacement Mortgage Loan (if
any) after the related date of substitution, and Monthly Payments due with
respect to each corresponding Deleted Mortgage Loan (if any) after the related
Due Date in March 2007 and received by the Master Servicer or the Special
Servicer on behalf of the Trust on or prior to the related date of substitution,
shall be part of the Trust Fund. Monthly Payments due with respect to each
Replacement Mortgage Loan (if any) on or prior to the related date of
substitution, and Monthly Payments due with respect to each corresponding
Deleted Mortgage Loan (if any) and received by the Master Servicer or the
Special Servicer on behalf of the Trust after the related date of substitution,
shall not be part of the Trust Fund and are to be remitted by the Master
Servicer to the party effecting the related substitution promptly following
receipt.

            If any Mortgage Loan is to be repurchased or replaced by a Mortgage
Loan Seller or the Column Performance Guarantor, as contemplated by this Section
2.03, the Master Servicer shall direct such Mortgage Loan Seller or the Column
Performance Guarantor, as the case may be, to amend the Mortgage Loan Schedule
to reflect the removal of any Deleted Mortgage Loan and, if applicable, the
substitution of the related Replacement Mortgage Loan(s); and, upon its receipt
of such amended Mortgage Loan Schedule, the Master Servicer shall deliver or
cause the delivery of such amended Mortgage Loan Schedule to the other parties
hereto. Upon any substitution of one or more Replacement Mortgage Loans for a
Deleted Mortgage Loan, such Replacement Mortgage Loan(s) shall become part of
the Trust Fund and be subject to the terms of this Agreement in all respects.

            The reasonable "out-of-pocket" costs and expenses incurred by the
Master Servicer, the Special Servicer and/or the Trustee pursuant to this
Section 2.03(b), including reasonable attorney fees and expenses, shall
constitute Servicing Advances to the extent not collected from the related
Mortgage Loan Seller or the Column Performance Guarantor or reimbursed from a
Purchase Price Security Deposit Account or a Special Reserve Account or under a
Recording Omission Credit or directly from the Collection Account.

            (c) Upon receipt of two copies of a Request for Release signed by a
Servicing Officer from the Master Servicer to the effect that the full amount of
the Purchase Price or Substitution Shortfall Amount (as the case may be) for any
Mortgage Loan repurchased or replaced by the related Mortgage Loan Seller or the
Column Performance Guarantor, as contemplated by this Section 2.03, has been
deposited in the Collection Account, and further, if applicable, upon receipt of
the Mortgage File for each Replacement Mortgage Loan (if any) to be substituted
for a Deleted Mortgage Loan, together with any certifications and/or opinions
required pursuant to Section 2.03(b) to be delivered by the party effecting the
repurchase/substitution, the Trustee shall (i) release or cause the release of
the Mortgage File and any Additional Collateral held by or on behalf of the
Trustee for the Deleted Mortgage Loan to the party effecting the
repurchase/substitution or its designee and (ii) execute and deliver such
endorsements and instruments of release, transfer and/or assignment, in each
case without recourse, as shall be provided to it and are reasonably necessary
to vest in the party effecting the repurchase/substitution or its designee the
legal and beneficial ownership of the Deleted Mortgage Loan (including any
property acquired in respect thereof or proceeds of any insurance policy with
respect thereto) and the related Mortgage Loan Documents, and the Master
Servicer shall notify the affected Borrowers of the transfers of the Deleted
Mortgage Loan(s) and any Replacement Mortgage Loan(s). In connection with any
such repurchase or substitution by the related Mortgage Loan Seller or the
Column Performance Guarantor, each of the Master Servicer and the Special
Servicer shall deliver to the party effecting the repurchase/substitution or its
designee any portion of the related Servicing File, together with any Escrow
Payments, Reserve Funds and Additional Collateral, held by or on behalf of the
Master Servicer or the Special Servicer, as the case may be, with respect to the
Deleted Mortgage Loan, in each case at the expense of the party effecting the
repurchase/substitution. The Master Servicer shall notify the related B Loan
Holder of any repurchase regarding an A Loan. The reasonable "out-of-pocket"
costs and expenses, including reasonable attorneys' fees and expenses, incurred
by the Master Servicer, the Special Servicer and/or the Trustee pursuant to this
Section 2.03(c), to the extent not collected from the related Mortgage Loan
Seller or the Column Performance Guarantor or reimbursed from a Purchase Price
Security Deposit Account or a Special Reserve Account or under a Recording
Omission Credit, shall be reimbursable to each of them as Servicing Advances in
respect of the affected Mortgage Loan.

            (d) If, on or after September 30, 2008, any Mortgage Loan Seller or
the Column Performance Guarantor receives notice of a Material Document Defect
with respect to any of its Mortgage Loans, which Material Document Defect
constitutes a Recording Omission, then such Mortgage Loan Seller or the Column
Performance Guarantor, as the case may be, may, with the written consent of the
Controlling Class Representative, which consent may be granted or withheld in
its sole discretion, and written confirmation from each Rating Agency that the
following arrangement will not result in an Adverse Rating Event with respect to
any Class of Rated Certificates, in lieu of repurchasing or replacing such
Mortgage Loan (as and to the extent contemplated by Section 2.03(b) above), but
in no event later than such repurchase would have to have been completed,
establish a Recording Omission Credit or a Recording Omission Reserve with the
Master Servicer; provided that if such Mortgage Loan Seller or the Column
Performance Guarantor, as the case may be, has already established a Purchase
Price Security Deposit with respect to such Mortgage Loan in accordance with
Section 2.03(b) due to a Material Document Defect, which constitutes a Recording
Omission, the outstanding balance of such Purchase Price Security Deposit (when,
if applicable, combined with an additional amount being tendered by such
Mortgage Loan Seller or the Column Performance Guarantor) is not less than the
amount of the required Recording Omission Reserve and the establishment of a
Recording Omission Reserve will not result in an Adverse Rating event with
respect to any Class of Rated Certificates, then the existing Purchase Price
Security Deposit (when, if applicable, combined with an additional amount being
tendered by such Mortgage Loan Seller or the Column Performance Guarantor) shall
constitute the establishment of a Recording Omission Reserve with respect to
such Mortgage Loan for purposes of this Section 2.03(d). In furtherance of the
preceding sentence, (A) the Master Servicer shall establish one or more accounts
(collectively, the "Special Reserve Account") with respect to the subject
Mortgage Loan, each of which shall be an Eligible Account; (B) the Master
Servicer shall deposit any Recording Omission Reserve into the Special Reserve
Account within one Business Day after receipt; and (C) the Master Servicer shall
administer the Special Reserve Account in accordance with the terms of the
related Mortgage Loan Purchase Agreement. In the event that such Master Servicer
is entitled to apply any related Recording Omission Reserve or to draw upon any
related Recording Omission Credit to cover losses or expenses directly incurred
by the Trust as a result of a Recording Omission with respect to any Mortgage
Loan, then prior to making a Servicing Advance or incurring an Additional Trust
Fund Expense to cover any losses or expenses directly resulting from such
Recording Omission, such Master Servicer shall draw upon such related Recording
Omission Reserve (out of the Special Reserve Account) or upon such related
Recording Omission Credit, as the case may be, up to the amount of such losses
or expenses, and shall deposit the funds from such draw into the Collection
Account, and such amounts shall be deemed to be "Liquidation Proceeds" for all
purposes of this Agreement (other than Section 3.11(c)) and shall be applied to
cover such losses or expenses. The Recording Omission Reserve or Recording
Omission Credit (or any unused balance thereof) delivered by any Mortgage Loan
Seller or the Column Performance Guarantor with respect to any Mortgage Loan
shall be released to such Mortgage Loan Seller or the Column Performance
Guarantor, as the case may be, by the Master Servicer upon the earlier of (i)
the curing of all Recording Omissions with respect to such Mortgage Loan and
(ii) the removal of such Mortgage Loan from the Trust Fund. The Special Reserve
Account, and any Recording Omission Reserves and Recording Omission Credits,
shall (a) be part of the Trust Fund but outside either Trust REMIC or the
Grantor Trust Pool and (b) be an "outside reserve fund" within the meaning of
the REMIC Provisions, beneficially owned by the related Mortgage Loan Seller or
the Column Performance Guarantor, as applicable, for federal income tax
purposes, which shall be taxable on all reinvestment income, if any, thereon.
The investment of funds in the Special Reserve Account shall be governed by the
terms of the respective Mortgage Loan Purchase Agreements.

            (e) If the Mortgage Loan Seller disputes that a Material Document
Defect or Material Breach exists with respect to a Mortgage Loan or otherwise
refuses (i) to effect a correction or cure of such Material Document Defect or
Material Breach, (ii) to repurchase the affected Mortgage Loan from the Trust or
(iii) to replace such Mortgage Loan with a Qualifying Substitute Mortgage Loan,
each in accordance with the related Mortgage Loan Purchase Agreement, then
provided that (i) at least the applicable Initial Resolution Period has expired
and (ii) the Mortgage Loan is then in default and is then a Specially Serviced
Mortgage Loan, the Special Servicer may, subject to the Servicing Standard,
modify, work-out or foreclose, sell or otherwise liquidate (or permit the
liquidation of) the Mortgage Loan pursuant to the terms of this Agreement, while
pursuing the repurchase claim, and such action shall not be a defense to the
repurchase claim or alter the applicable Purchase Price (it being understood and
agreed that the foregoing is not intended to otherwise delay the actions of the
Special Servicer with respect to a Specially Serviced Mortgage Loan).

            The related Mortgage Loan Seller shall be notified promptly and in
writing by the Special Servicer of any offer that it receives to purchase an REO
Property as to which there is any alleged Material Document Defect or Material
Breach. Upon the receipt of such notice by the related Mortgage Loan Seller, the
related Mortgage Loan Seller shall then have the right to repurchase such REO
Property from the Trust at a purchase price equal to the amount of such offer.
The related Mortgage Loan Seller shall have three (3) Business Days to purchase
such REO Property from the date that it was notified of such offer. The Special
Servicer shall be obligated to provide the related Mortgage Loan Seller with the
most recent appraisal or other third-party reports relating to such REO Property
within its possession to enable the related Mortgage Loan Seller to evaluate
such REO Property. Any sale of a Mortgage Loan, or foreclosure upon such
Mortgage Loan and sale of an REO Property, to a Person other than the related
Mortgage Loan Seller shall be (i) without recourse of any kind (either expressed
or implied) by such Person against the related Mortgage Loan Seller or, if
applicable, the Column Performance Guarantor and (ii) without representation or
warranty of any kind (either expressed or implied) by the related Mortgage Loan
Seller or, if applicable, the Column Performance Guarantor to or for the benefit
of such person.

            The fact that a Material Document Defect or Material Breach is not
discovered until after foreclosure (but in all instances prior to the sale of
the subject Mortgage Loan or REO Property) shall not prejudice any claim against
the related Mortgage Loan Seller for repurchase of the subject Mortgage Loan or
REO Property. The provisions of this Section 2.03 regarding remedies against the
related Mortgage Loan Seller for a Material Breach or Material Document Defect
with respect to any Mortgage Loan shall also apply to the related REO Property.

            If the related Mortgage Loan Seller fails to correct or cure the
Material Document Defect or Material Breach or purchase the REO Property, then
the provisions above regarding notice of offers related to such REO Property and
the related Mortgage Loan Seller's right to purchase such REO Property shall
apply. If a court of competent jurisdiction issues a final order that the
related Mortgage Loan Seller is or was obligated to repurchase the related
Mortgage Loan or REO Property or the related Mortgage Loan Seller otherwise
accepts liability, then, after the expiration of any applicable appeal period,
but in no event later than the termination of the Trust pursuant to this
Agreement, the related Mortgage Loan Seller will be obligated to pay to the
Trust the amount, if any, by which the applicable Purchase Price exceeds any
Liquidation Proceeds received upon such liquidation (including those arising
from any sale to the related Mortgage Loan Seller); provided that the prevailing
party in such action shall be entitled to recover all costs, fees and expenses
(including reasonable attorneys' fees) related thereto.

            (f) The related Mortgage Loan Purchase Agreement and, in the case of
Column Mortgage Loans, the Column Performance Guarantee, provide the sole
remedies available to the Certificateholders, or the Trustee on their behalf,
respecting any Breach or Document Defect. If, in connection with any unremedied
Material Breach or Material Document Defect, a Mortgage Loan Seller (or, in the
case of a Column Mortgage Loan, each of Column and the Column Performance
Guarantor) defaults on its obligations to repurchase or replace, to post cash or
a letter of credit with respect to, or to reimburse the Trust for certain costs
and expenses relating to, any Mortgage Loan as contemplated by this Section
2.03, the Master Servicer shall (and the Special Servicer may) promptly notify
the Trustee, and the Trustee shall notify the Certificateholders and the Swap
Counterparty. Thereafter, the Master Servicer shall (and the Special Servicer
may) take such actions on behalf of the Trust with respect to the enforcement of
such repurchase/substitution obligations (and if the Master Servicer (or the
Special Servicer) is notified or otherwise becomes aware of a default on the
part of any Mortgage Loan Seller in respect of its obligations under the second
paragraph of Section 2(c) of the related Mortgage Loan Purchase Agreement, the
Master Servicer shall (and the Special Servicer may) also take such actions on
behalf of the Trust with respect to the enforcement of such obligations of such
Mortgage Loan Seller), including the institution and prosecution of appropriate
legal proceedings, as the Master Servicer (or, if applicable, the Special
Servicer) shall determine are in the best interests of the Certificateholders
(taken as a collective whole). Any and all reasonable "out-of-pocket" costs and
expenses incurred by the Master Servicer, the Special Servicer and/or the
Trustee pursuant to this Section 2.03(f), including, reasonable attorney's fees
and expenses, to the extent not collected from the related Mortgage Loan Seller
or the Column Performance Guarantor or reimbursed from a Purchase Price Security
Deposit Account or a Special Reserve Account or under a Recording Omission
Credit, shall constitute Servicing Advances in respect of the affected Mortgage
Loan.

            (g) If the applicable Mortgage Loan Seller or the Column Performance
Guarantor (in the case of a Column Mortgage Loan), incurs any expense in
connection with the curing of any Breach which also constitutes a default under
the related Mortgage Loan, such Mortgage Loan Seller or the Column Performance
Guarantor, as the case may be, shall have a right, and shall be subrogated to
the rights of the Trustee, as the holder of such Mortgage Loan, to recover the
amount of such expenses from the related Borrower; provided, however, that the
rights of such Mortgage Loan Seller or the Column Performance Guarantor, as the
case may be, pursuant to this Section 2.03(g) shall be junior, subject and
subordinate to the rights of the Trust Fund, the Master Servicer and the Special
Servicer to recover amounts owed by the related Borrower under the terms of such
Mortgage 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, the Master Servicer or the
Special Servicer allocable to such Mortgage Loan; provided, further, that if and
to the extent that such expenses of such Mortgage Loan Seller or the Column
Performance Guarantor, as the case may be, in connection with such Mortgage Loan
exceed 5% of the then outstanding principal balance of such Mortgage Loan, then
its rights to reimbursement pursuant to this Section 2.03(g) with respect to
such Mortgage Loan and such excess expenses shall not be exercised until the
payment in full of such Mortgage Loan (as such Mortgage 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 or, with
respect to a Specially Serviced Mortgage Loan, the Special Servicer, shall not
have any obligation pursuant to this Agreement to collect such reimbursable
amounts on behalf of such Mortgage Loan Seller or the Column Performance
Guarantor, as the case may be; provided, however, that the preceding clause
shall not operate to prevent the Master Servicer or, with respect to a Specially
Serviced Mortgage Loan, the Special Servicer, from using reasonable efforts,
exercised in its sole discretion, to collect such amounts to the extent
consistent with the Servicing Standard, so long as the Master Servicer or, with
respect to a Specially Serviced Mortgage Loan, the Special Servicer determines
in the exercise of its sole discretion consistent with the Servicing Standard
that its actions to collect such amounts will not impair the Master Servicer's
and/or the Special Servicer's collection and recovery of principal, interest and
other sums due with respect to the related Mortgage Loan and, if applicable, B
Loan, which would otherwise be payable to the Trust, the Master Servicer, the
Special Servicer, the Trustee or the Certificateholders and, if applicable, the
B Loan Holder, pursuant to the terms of this Agreement, provided, that in no
event will the failure of Borrower to pay such reimbursable amounts result in
the Borrower being called in default under the Mortgage Loan, either the Master
Servicer or the Special Servicer accelerating the Mortgage Loan or taking any
enforcement action beyond making demand for such reimbursable amount but,
provided, further, in the event of the Special Servicer otherwise commencing
enforcement action with respect to a default other than the Borrower's failure
to pay such reimbursable amounts, the Special Servicer may include such
reimbursable amounts in the amount sought from the Borrower in such enforcement
action but payment of any such reimbursable amounts shall be subordinate to the
payment of all other sums owed by the Borrower under the Mortgage Loan and
payable to the Trust, the Master Servicer, the Special Servicer or the Trustee.
Any amounts reimbursed to a Mortgage Loan Seller or the Column Performance
Guarantor from either Trust REMIC with respect to any amounts paid from the
Purchase Price Security Deposit Account, Special Reserve Account or any
Recording Omission Reserve or Recording Omission Credits shall be treated as
distributions from such Trust REMIC to such Mortgage Loan Seller or the Column
Performance Guarantor, as applicable, as beneficial owners of such Purchase
Price Security Deposit Account, Special Reserve Account, Recording Omission
Reserve or Recording Omission Credit, as applicable.

            Section 2.04 Representations and Warranties of the Depositor

            (a) The Depositor hereby represents and warrants to each of the
other parties hereto and for the benefit of the Certificateholders, as of the
Closing Date, that:

            (i) The Depositor is a corporation duly organized, validly existing
      and in good standing under the laws of the State of Delaware.

            (ii) The Depositor's execution and delivery of, performance under,
      and compliance with this Agreement, will not violate the Depositor'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 material
      instrument to which it is a party or by which it is bound, which default
      or breach, in the good faith and reasonable judgment of the Depositor, is
      likely to affect materially and adversely either the ability of the
      Depositor to perform its obligations under this Agreement or the financial
      condition of the Depositor.

            (iii) The Depositor has the full power and authority to own its
      properties, to conduct its business as presently conducted by it and to
      enter into and consummate all transactions involving the Depositor
      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 Depositor, enforceable against the Depositor
      in accordance with the terms hereof, subject to (A) applicable bankruptcy,
      insolvency, reorganization, receivership, 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 Depositor is not in violation of, and its execution and
      delivery of, performance under and compliance with 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 Depositor's
      good faith and reasonable judgment, is likely to affect materially and
      adversely either the ability of the Depositor to perform its obligations
      under this Agreement or the financial condition of the Depositor.

            (vi) No consent, approval, authorization or order of any state or
      federal court or governmental agency or body is required for the
      consummation by the Depositor of the transactions contemplated herein,
      except (A) for those consents, approvals, authorizations or orders that
      previously have been obtained, (B) such as may be required under the blue
      sky laws of any jurisdiction in connection with the purchase and sale of
      the Certificates by the Underwriters, and (C) any recordation of the
      assignments of Mortgage Loan Documents to the Trustee pursuant to Section
      2.01(e), which has not yet been completed.

            (vii) The Depositor's transfer of the Original Mortgage Loans to the
      Trustee as contemplated herein requires no regulatory approval, other than
      any such approvals as have been obtained, and is not subject to any bulk
      transfer or similar law in effect in any applicable jurisdiction.

            (viii) The Depositor is not transferring the Original Mortgage Loans
      to the Trustee with any intent to hinder, delay or defraud its present or
      future creditors.

            (ix) The Depositor has been solvent at all relevant times prior to,
      and will not be rendered insolvent by, its transfer of the Original
      Mortgage Loans to the Trustee, pursuant to Section 2.01(b).

            (x) After giving effect to its transfer of the Original Mortgage
      Loans to the Trustee, pursuant to Section 2.01(b), the value of the
      Depositor's assets, either taken at their present fair saleable value or
      at fair valuation, will exceed the amount of the Depositor's debts and
      obligations, including contingent and unliquidated debts and obligations
      of the Depositor, and the Depositor will not be left with unreasonably
      small assets or capital with which to engage in and conduct its business.

            (xi) The Depositor does not intend to, and does not believe that it
      will, incur debts or obligations beyond its ability to pay such debts and
      obligations as they mature.

            (xii) No proceedings looking toward merger, liquidation, dissolution
      or bankruptcy of the Depositor are pending or contemplated.

            (xiii) No litigation is pending or, to the best of the Depositor's
      knowledge, threatened against the Depositor that, if determined adversely
      to the Depositor, would prohibit the Depositor from entering into this
      Agreement or that, in the Depositor's good faith and reasonable judgment,
      is likely to materially and adversely affect either the ability of the
      Depositor to perform its obligations under this Agreement or the financial
      condition of the Depositor.

            (xiv) Immediately prior to the transfer of the Original Mortgage
      Loans to the Trustee for the benefit of the Certificateholders pursuant to
      this Agreement, the Depositor had such right, title and interest in and to
      each Original Mortgage Loan as was transferred to it by the related
      Mortgage Loan Seller pursuant to the related Mortgage Loan Purchase
      Agreement. The Depositor has not transferred any of its right, title and
      interest in and to the Original Mortgage Loans to any Person other than
      the Trustee.

            (xv) The Depositor is transferring all of its right, title and
      interest in and to the Original Mortgage Loans to the Trustee for the
      benefit of the Certificateholders free and clear of any and all liens,
      pledges, charges, security interests and other encumbrances created by or
      through the Depositor.

            (xvi) Except for any actions that are the express responsibility of
      another party hereunder or under any Mortgage Loan Purchase Agreement, and
      further except for actions that the Depositor is expressly permitted to
      complete subsequent to the Closing Date, the Depositor has taken all
      actions required under applicable law to effectuate the transfer of all of
      its right, title and interest in and to the Original Mortgage Loans by the
      Depositor to the Trustee.

            (b) The representations and warranties of the Depositor set forth in
Section 2.04(a) shall survive the execution and delivery of this Agreement and
shall inure to the benefit of the Persons for whose benefit they were made for
so long as the Trust remains in existence. Upon discovery by any party hereto of
any breach of any of such representations and warranties that materially and
adversely affects the interests of the Certificateholders or any party hereto,
the party discovering such breach shall give prompt written notice thereof to
the other parties hereto.

            Section 2.05 Representations and Warranties of the Master Servicer

            (a) The Master Servicer hereby represents and warrants to each of
the other parties hereto and for the benefit of the Certificateholders, 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 the State of California,
      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 ensure
      the enforceability of each Mortgage Loan and to perform its obligations
      under this Agreement.

            (ii) The Master Servicer's execution and delivery of, performance
      under and compliance with this Agreement, will not violate the Master
      Servicer'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
      material instrument to which it is a party or by which it is bound, which
      default or breach, in the reasonable judgment of the Master Servicer, is
      likely to affect materially and adversely either the ability of the Master
      Servicer to perform its obligations under this Agreement or the financial
      condition of the Master Servicer.

            (iii) The Master Servicer has the full corporate power and authority
      to enter into and consummate all transactions involving the Master
      Servicer 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 Master Servicer, enforceable against the
      Master Servicer in accordance with the terms hereof, subject to (A)
      applicable bankruptcy, insolvency, reorganization, receivership,
      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 Master Servicer is not in violation of, and its execution
      and delivery of, performance under and compliance with 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 Master
      Servicer's reasonable judgment, is likely to affect materially and
      adversely either the ability of the Master Servicer to perform its
      obligations under this Agreement or the financial condition of the Master
      Servicer.

            (vi) No consent, approval, authorization or order of any state or
      federal court or governmental agency or body is required for the
      consummation by the Master Servicer of the transactions contemplated
      herein, except for those consents, approvals, authorizations or orders
      that previously have been obtained or where the lack of such consent,
      approval, authorization or order would not have a material adverse effect
      on the ability of the Master Servicer to perform its obligations under
      this Agreement.

            (vii) No litigation is pending or, to the best of the Master
      Servicer's knowledge, threatened against the Master Servicer the outcome
      of which, in the Master Servicer's reasonable judgment, would prohibit the
      Master Servicer from entering into this Agreement or that, in the Master
      Servicer's reasonable judgment, is likely to materially and adversely
      affect either the ability of the Master Servicer to perform its
      obligations under this Agreement or the financial condition of the Master
      Servicer.

            (viii) The Master Servicer has errors and omissions insurance in the
      amounts and with the coverage required by Section 3.07(d).

            (ix) The Master Servicer has examined each of the Sub-Servicing
      Agreements entered into by the Master Servicer that will be in effect as
      of the Closing Date with respect to the Mortgage Loans, and each such
      Sub-Servicing Agreement complies with the requirements of Section 3.22(a)
      in all material respects.

            (b) The representations and warranties of the Master Servicer set
forth in Section 2.05(a) shall survive the execution and delivery of this
Agreement and shall inure to the benefit of the Persons for whose benefit they
were made for so long as the Trust remains in existence. Upon discovery by any
party hereto of a breach of any of such representations and warranties that
materially and adversely affects the interests of the Certificateholders or any
party hereto, the party discovering such breach shall give prompt written notice
to each of the other parties hereto.

            (c) Any successor Master Servicer shall be deemed to have made, as
of the date of its succession, each of the representations and warranties set
forth in Section 2.05(a), subject to such appropriate modifications to the
representation and warranty set forth in Section 2.05(a)(i) to accurately
reflect such successor's jurisdiction of organization and whether it is a
corporation, partnership, bank, association or other type of organization.

            Section 2.06 Representations and Warranties of the Special Servicer

            (a) The Special Servicer hereby represents and warrants to each of
the other parties hereto and for the benefit of the Certificateholders, as of
the Closing Date, that:

            (i) The Special Servicer is a corporation duly organized, validly
      existing and in good standing under the laws of the State of Delaware, 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 ensure the
      enforceability of each Mortgage Loan and to perform its obligations under
      this Agreement.

            (ii) The Special Servicer's execution and delivery of, performance
      under and compliance with this Agreement will not violate the Special
      Servicer'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 by which it is bound, which default
      or breach, in the reasonable judgment of the Special Servicer, 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.

            (iii) The Special Servicer has the full corporate power and
      authority to enter into and consummate all transactions involving the
      Special Servicer 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, receivership,
      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, performance under 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 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 consent, approval, authorization or order of any state or
      federal court or governmental agency or body is required for the
      consummation by the Special Servicer of the transactions contemplated
      herein, except for those consents, approvals, authorizations or orders
      that previously have been obtained or where the lack of such consent,
      approval, authorization or order would not have a material adverse effect
      on the ability of the Special Servicer to perform its obligations under
      this Agreement.

            (vii) No litigation is pending or, to the best of the Special
      Servicer's knowledge, threatened against the Special Servicer the outcome
      of which, in the Special Servicer's reasonable judgment, would prohibit
      the Special Servicer from entering into this Agreement or that, in the
      Special Servicer's 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.

            (viii) The Special Servicer has errors and omissions insurance in
      the amounts and with the coverage required by Section 3.07(d).

            (ix) As of the Closing Date, the Special Servicer is not a party to
      any Sub-Servicing Agreement providing for the performance of duties of the
      Special Servicer by any Sub-Servicers with respect to any of the Mortgage
      Loans or REO Properties.

            (b) The representations and warranties of the Special Servicer set
forth in Section 2.06(a) shall survive the execution and delivery of this
Agreement and shall inure to the benefit of the Persons for whose benefit they
were made for so long as the Trust remains in existence. Upon discovery by any
party hereto of a breach of any of such representations and warranties that
materially and adversely affects the interests of the Certificateholders or any
party hereto, the party discovering such breach shall give prompt written notice
to each of the other parties hereto.

            (c) Any successor Special Servicer shall be deemed to have made, as
of the date of its succession, each of the representations and warranties set
forth in Section 2.06(a), subject to such appropriate modifications to the
representation and warranty set forth in Section 2.06(a)(i) to accurately
reflect such successor's jurisdiction of organization and whether it is a
corporation, partnership, bank, association or other type of organization.

            Section 2.07 Reserved.

            Section 2.08 Reserved.

            Section 2.09 Representations, Warranties and Covenants of the
                         Trustee

            The Trustee hereby represents and warrants to the Depositor, the
Master Servicer and the Special Servicer and for the benefit of the
Certificateholders and the B Loan Holders, 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 representations, warranties and covenants of the Trustee set
forth in Section 2.09(a) shall survive the execution and delivery of this
Agreement and shall inure to the benefit of the Persons for whose benefit they
were made for so long as the Trust remains in existence. Upon discovery by any
party hereto of a breach of any such representations, warranties and covenants
that materially and adversely affects the interests of the Certificateholders or
any party hereto, the party discovering such breach shall give prompt written
notice thereof to the other parties hereto.

            (c) Any successor Trustee shall be deemed to have made, as of the
date of its succession, each of the representations and warranties set forth in
Section 2.09(a), subject to such appropriate modifications to the
representation, warranty and covenant set forth in Section 2.09(a)(i) to
accurately reflect such successor's jurisdiction of organization and whether it
is a corporation, partnership, bank, association or other type of organization.

            Section 2.10 Issuance of Uncertificated Lower-Tier Interests;
                         Execution of Certificates

            (a) The Trustee hereby acknowledges the assignment to it of the
Mortgage 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 and in exchange therefor, the
Trustee acknowledges the issuance of the Uncertificated Lower-Tier Interests to
the Depositor and the Class LR and Class V Certificates to or upon the order of
the Depositor, in exchange for the Mortgage Loans, receipt of which is hereby
acknowledged, and immediately thereafter, the Trustee acknowledges that (A)
pursuant to the written request of the Depositor executed by an officer of the
Depositor, it has executed, authenticated and, upon the order of the Depositor,
shall deliver, (i) the Regular Certificates (other than the Class A-MFL
Certificates), the Class A-MFL Regular Interest and the Class R Certificates in
exchange for the Uncertificated Lower-Tier Interests and (ii) the Class V
Certificates in exchange for the right to receive Post-ARD Additional Interest
and (B) it has executed and caused the Certificate Registrar to authenticate and
to deliver to or upon the order of the Depositor, in exchange for the Class
A-MFL Regular Interest and the Swap Agreement, the Class A-MFL Certificates, and
the Depositor hereby acknowledges the receipt by it or its designees, of all
such Certificates.

            Section 2.11 Acceptance of Grantor Trust by Trustee; Issuance of
                         the Class V and Class A-MFL Certificates

            The parties intend that the portions of the Trust Fund consisting of
(i) Post-ARD Additional Interest and the Post-ARD Additional Interest
Distribution Account, beneficially owned by the Holders of the Class V
Certificates and (ii) the Class A-MFL Regular Interest, the Swap Agreement and
the Floating Rate Account, beneficially owned by the Holders of the Class A-MFL
Certificates (the "Grantor Trust Pool") shall constitute, and that the affairs
of such portions of the Trust Fund 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.

                                  ARTICLE III

                 ADMINISTRATION AND SERVICING OF THE TRUST FUND

            Section 3.01 Administration of the Mortgage Loans

            (a) The Master Servicer shall be the Master Servicer with respect to
all the Trust Assets and, as such, subject to Section 3.21, shall service and
administer such of the Trust Assets as constitute Performing Mortgage Loans and
shall continue to collect such information and prepare such reports to the
Trustee, and shall render such other incidental services, as shall be required
of such Master Servicer hereunder with respect to such of the Trust Assets as
constitute Specially Serviced Mortgage Loans and REO Properties. The Special
Servicer shall be the Special Servicer with respect to all the Trust Assets and,
as such, subject to Section 3.21, shall service and administer such of the Trust
Assets as constitute Specially Serviced Mortgage Loans and REO Properties and
shall render such incidental services as are required of such Special Servicer
with respect to such of the Trust Assets as constitute Performing Mortgage
Loans.

            (b) Capmark as Master Servicer shall service and administer the
Mortgage Loans and any REO Properties that it is obligated to service and
administer pursuant to this Agreement in accordance with the Servicing
Standard-Capmark and the REMIC Provisions. The Special Servicer and any
successor Master Servicer shall service and administer the Mortgage Loans and
any REO Properties that it is obligated to service and administer pursuant to
this Agreement, for the benefit of the Certificateholders (as a collective
whole), in accordance with: (i) any and all applicable laws; (ii) the express
terms of this Agreement and the respective Mortgage Loan Documents (and, in the
case of each A/B Loan Pair, the related A/B Intercreditor Agreement); and (iii)
the REMIC Provisions and, to the extent consistent with the foregoing, the
Servicing Standard-General. Subject to the foregoing, the Master Servicer and
Special Servicer shall each have full power and authority, acting alone or
through Sub-Servicers, 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
(with respect to those Performing Mortgage Loans that it is obligated to service
and administer pursuant to this Agreement) and Special Servicer (with respect to
Specially Serviced Mortgage Loans that it is obligated to service and administer
pursuant to this Agreement), in its own name or in the name of the Trustee, is
hereby authorized and empowered by the Trustee and obligated to execute and
deliver, on behalf of the Certificateholders, any affected B Loan Holder and the
Trustee or any of them: (i) any and all financing statements, continuation
statements and other documents or instruments necessary to maintain the lien
created by any Mortgage or other security document in the related Mortgage File
on the related Mortgaged Property and other related collateral; (ii) any and all
instruments of satisfaction or cancellation, or of partial or full release or
discharge, or of partial or full defeasance and all other comparable
instruments; and (iii) subject to Sections 3.08, 3.20 and 3.24, any and all
assumptions, modifications, waivers, substitutions, extensions, amendments and
consents. Subject to Section 3.10, the Trustee shall, at the written request of
a Servicing Officer of the Master Servicer or the Special Servicer, furnish, or
cause to be so furnished, to such Master Servicer or Special Servicer, as
appropriate, any limited powers of attorney and other documents necessary or
appropriate to enable the Master Servicer or 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
the 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 each of the Master Servicer and the Special
Servicer to the Trustee and, unless they are the same Person, each other under
this Agreement is intended by the parties to be that of an independent
contractor and not that of a joint venturer, partner or agent.

            (d) In the event that an A/B Material Default occurs with respect to
any A/B Loan Pair, and for so long as such A/B Material Default is continuing,
the Master Servicer and/or the Special Servicer, as applicable, shall be
obligated to service the related B Loan on behalf of the related B Loan Holder,
subject to the terms and conditions of the related A/B Intercreditor Agreement;
provided that in no event shall the Master Servicer have any obligation to make
any Advance with respect to a B Loan. In such event, all references herein to
"Mortgage Loan" (and, if the related A Loan is a Specially Serviced Mortgage
Loan, all references herein to "Specially Serviced Mortgage Loan"), other than
provisions pertaining to the making of Advances, shall include a B Loan that is
being serviced under this Agreement.

            Section 3.02 Collection of Mortgage Loan Payments

            The Master Servicer (with respect to Performing Mortgage Loans) and
the Special Servicer (with respect to Specially Serviced Mortgage Loans) shall
undertake reasonable efforts to collect all payments called for under the terms
and provisions of the Mortgage Loans and shall follow such collection procedures
as are consistent with applicable law, the express terms of this Agreement, the
related Mortgage Loan Documents, in the case of any B Loan, the related A/B
Intercreditor Agreement and, to the extent consistent with the foregoing, the
Servicing Standard; provided that neither such Master Servicer nor such Special
Servicer shall, with respect to any ARD Mortgage Loan after its Anticipated
Repayment Date, take any enforcement action with respect to the payment of
Post-ARD Additional Interest (other than the making of requests for its
collection), unless (i) the taking of an enforcement action with respect to the
payment of other amounts due under such Mortgage Loan is, in the reasonable
judgment of the Special Servicer, and without regard to such Post-ARD Additional
Interest, also necessary, appropriate and consistent with the Servicing Standard
or (ii) all other amounts due under such Mortgage Loan have been paid, the
payment of such Post-ARD Additional Interest has not been forgiven in accordance
with Section 3.20 and, in the reasonable judgment of the Special Servicer, the
Liquidation Proceeds expected to be recovered in connection with such
enforcement action will cover the anticipated costs of such enforcement action
and, if applicable, any associated Advance Interest. Consistent with the
foregoing, the Master Servicer (as to Performing Mortgage Loans) and the Special
Servicer (as to Specially Serviced Mortgage Loans) each may waive any Default
Charges in connection with any specific delinquent payment on a Mortgage Loan it
is obligated to service hereunder; provided that, to the extent the Master
Servicer (as to Performing Mortgage Loans) and the Special Servicer (as to
Specially Serviced Mortgage Loans) waives any Default Charges, any outstanding
interest on Advances and Additional Trust Fund Expenses with respect to the
related Mortgage Loan that would otherwise have been paid out of such Default
Charges shall be paid out of the Additional Master Servicing Compensation
payable to the Master Servicer or Additional Special Servicing Compensation
payable to such Special Servicer, as the case may be, with respect to that
Mortgage Loan.

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

            (a) The Master Servicer shall establish and maintain one or more
accounts (the "Servicing Accounts"), in which all Escrow Payments received by it
with respect to the Mortgage Loans shall be deposited and retained. The Master
Servicer shall maintain the Servicing Accounts with respect to the Mortgage
Loans (including any such Mortgage Loans that are Specially Serviced Mortgage
Loans). Subject to any terms of the related Mortgage Loan Documents and the
terms of any related A/B Intercreditor Agreement that specify the nature of the
account in which Escrow Payments shall be held, each Servicing Account shall be
an Eligible Account. Withdrawals of amounts so collected in respect of any
Mortgage Loan (and interest earned thereon) from a Servicing Account may be made
only: (i) to effect the payment of real estate taxes, assessments, insurance
premiums (including, premiums on any Environmental Insurance Policy), ground
rents (if applicable) and comparable items in respect of the related Mortgaged
Property; (ii) to reimburse such Master Servicer, such Special Servicer or the
Trustee, as applicable, for any unreimbursed Servicing Advances (together with
Advance Interest Accrued thereon) made thereby with respect to such Mortgage
Loan to cover any of the items described in the immediately preceding clause
(i); (iii) to refund to the related Borrower any sums as may be determined to be
overages; (iv) to pay interest or other income, if required and as described
below, to the related Borrower on balances in the Servicing Account (or, if and
to the extent not payable to the related Borrower to pay such interest or other
income (up to the amount of any Net Investment Earnings in respect of such
Servicing Account for each Collection Period) to the Master Servicer as
Additional Master Servicer Servicing Compensation); (v) to withdraw amounts
deposited in error; (vi) after an event of default, to pay the principal of,
accrued interest on and any other amounts payable with respect to such Mortgage
Loan; or (vi) to clear and terminate the Servicing Account at the termination of
this Agreement in accordance with Section 9.01. The Master Servicer shall pay or
cause to be paid to the Borrowers interest and other income, if any, earned on
the investment of funds in Servicing Accounts maintained thereby, if and to the
extent required by law or the terms of the related Mortgage Loan Documents. If
the Master Servicer shall deposit in a Servicing Account any amount not required
to be deposited therein, it may at any time withdraw such amount from such
Servicing Account, any provision herein to the contrary notwithstanding.
Promptly after any Escrow Payments are received by the Special Servicer from any
Borrower, and in any event within two Business Days after any such receipt, such
Special Servicer shall remit such Escrow Payments to the Master Servicer for
deposit in the applicable Servicing Account(s).

            (b) The Master Servicer shall as to each Mortgage Loan (including
each Specially Serviced Mortgage Loan) (i) maintain accurate records with
respect to the related Mortgaged Property reflecting the status of real estate
taxes, assessments and other similar items that are or may become a lien thereon
and the status of insurance premiums and any ground rents payable in respect
thereof and (ii) use reasonable efforts consistent with the Servicing Standard
to obtain, from time to time, all bills for the payment of such items (including
renewal premiums) and effect payment thereof prior to the applicable penalty or
termination date. For purposes of effecting any such payment, such Master
Servicer shall apply Escrow Payments as allowed under the terms of the related
Mortgage Loan Documents; provided that if such Mortgage Loan does not require
the related Borrower to escrow for the payment of real estate taxes,
assessments, insurance premiums, ground rents (if applicable) and similar items,
each of the Master Servicer and the Special Servicer shall, as to those Mortgage
Loans it is obligated to service hereunder, and subject to and in accordance
with the Servicing Standard, use efforts consistent with the Servicing Standard
to enforce the requirement of the related Mortgage that the Borrower make
payments in respect of such items at the time they first become due.

            (c) In accordance with the Servicing Standard, but subject to
Section 3.11(h), the Master Servicer shall make a Servicing Advance with respect
to each Mortgaged Property (including each Mortgaged Property relating to a
Specially Serviced Mortgage Loan and each Mortgaged Property that secures an A/B
Loan Pair, provided that the Master Servicer shall not be obligated to make such
a Servicing Advance with respect to an A/B Loan Pair after the principal balance
of the related A Loan is zero) all such funds as are necessary for the purpose
of effecting the timely payment of (i) real estate taxes, assessments and other
similar items, (ii) ground rents (if applicable), and (iii) premiums on
Insurance Policies (including, premiums on any Environmental Insurance Policy),
in each instance prior to the applicable penalty or termination date if and to
the extent that (x) Escrow Payments (if any) collected from the related Borrower
are insufficient to pay such item when due, and (y) the related Borrower has
failed to pay such item on a timely basis; provided that, in the case of amounts
described in the preceding clause (i), the Master Servicer shall not make a
Servicing Advance of any such amount if such Master Servicer reasonably
anticipates (in accordance with the Servicing Standard) that such amounts will
be paid by the related Borrower on or before the applicable penalty date, in
which case such Master Servicer shall use its best efforts consistent with the
Servicing Standard to confirm whether such amounts have been paid and shall make
a Servicing Advance of such amounts, if necessary, not later than five Business
Days following confirmation by such Master Servicer that such amounts have not
been paid by the applicable penalty date. All such 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(a). No costs incurred by the
Master Servicer in effecting the payment of real estate taxes, assessments and,
if applicable, ground rents on or in respect of such Mortgaged Properties shall,
for purposes hereof, including calculating monthly distributions to
Certificateholders, be added to the respective unpaid principal balances or
Stated Principal Balances of the related Mortgage Loans, notwithstanding that
the terms of such Mortgage Loans so permit; provided that this sentence shall
not be construed to limit the rights of such Master Servicer on behalf of the
Trust to enforce any obligations of the related Borrower under such Mortgage
Loan.

            If the Master Servicer is required under any provision of this
Agreement to make a Servicing Advance, but it does not do so when such Advance
is required to be made, the Trustee shall, if it has actual knowledge of such
failure on the part of the Master Servicer, give written notice of such failure
to the Master Servicer. If such Servicing Advance is not made by the Master
Servicer within three Business Days after such notice is given to the Master
Servicer, then (subject to Section 7.05) the Trustee shall, within one Business
Day thereafter, make such Servicing Advance.

            (d) In connection with its recovery of any Servicing Advance out of
the Collection Account pursuant to clauses (v) or (vi) of Section 3.05(a), from
an A/B Loan Pair Custodial Account pursuant to Section 3.04 or from a Servicing
Account pursuant to Section 3.03(a)(ii), the Master Servicer, the Special
Servicer and the Trustee shall each be entitled to receive, first out of any
Default Charges with respect to the related Mortgage Loan or REO Mortgage Loan,
and then out of any other 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 Servicing Advance from and including the date made to, but not
including, the date of reimbursement. The Master Servicer shall reimburse
itself, the Special Servicer or the Trustee, as the case may be, for any
outstanding Servicing Advance made by the Master Servicer, the Special Servicer
or the Trustee as soon as practically possible after funds available for such
purpose are deposited in the Collection Account or, if applicable, the related
A/B Loan Pair Custodial Account; provided that, upon a determination that a
previously made Servicing Advance is a Nonrecoverable Servicing Advance with
respect to any Mortgage Loan or REO Mortgage Loan the Master Servicer may
reimburse itself, the Special Servicer or the Trustee, as applicable, for such
Advance (in each case, together with interest accrued at the Reimbursement Rate)
immediately from general collections in the Collection Account (such
reimbursement to be deemed made first out of amounts distributable as
principal). Notwithstanding the foregoing, as contemplated by Section
3.05(a)(vii), instead of obtaining reimbursement out of general collections on
the Mortgage Pool immediately, if and to the extent that there are insufficient
amounts that would otherwise be distributable as principal to fully reimburse
such Nonrecoverable Servicing Advance, the Master Servicer, the Special Servicer
or the Trustee, as applicable, may, in its sole discretion as an accommodation
to the Trust, elect to obtain reimbursement for such Nonrecoverable Servicing
Advance over a period of time (not to exceed 12 months), with interest thereon
at the Reimbursement Rate (except that at any time after such a determination to
obtain reimbursement over time in accordance with this proviso, the Master
Servicer, the Special Servicer or the Trustee, as applicable, may, in its sole
discretion, decide to obtain reimbursement from general collections on the
Mortgage Pool immediately, first from the Loan Group from which the
Nonrecoverable Servicing Advance relates and, then to the extent amounts from
such Loan Group are insufficient, from the other Loan Group), provided, however,
that the Master Servicer, the Special Servicer or the Trustee, as applicable,
must first reimburse itself to the extent of funds in the Collection Account
otherwise distributable as principal. The fact that a decision to recover any
Nonrecoverable Servicing Advance over time, or not to do so, benefits some
Classes of Certificateholders to the detriment of other Classes shall not
constitute a violation of the Servicing Standard by the Master Servicer or the
Special Servicer or a breach of any fiduciary duty owed to the
Certificateholders by the Trustee, or a breach of any other contractual
obligation owed to the Certificateholders by any party to this Agreement.

            (e) The Master Servicer shall establish and maintain, as applicable,
one or more accounts (the "Reserve Accounts"), in which all Reserve Funds, if
any, received by it with respect to the Mortgage Loans shall be deposited and
retained. As and to the extent consistent with the Servicing Standard and the
related Mortgage Loan Documents, the Master Servicer may make withdrawals of
amounts so deposited, and draws under any Letter of Credit delivered in lieu of
Reserve Funds, to pay for, or to reimburse the related Borrower in connection
with, the costs associated with the related tenant improvements, leasing
commissions, repairs, replacements, capital improvements and/or environmental
testing and remediation, litigation and/or other special expenses at or with
respect to the related Mortgaged Property for which such Reserve Funds were
intended or such Letter of Credit was delivered and, in the case of a Reserve
Account constituting debt service reserve accounts, to apply amounts on deposit
therein in respect of principal and interest on the related Mortgage Loan. In
addition, as and to the extent consistent with the Servicing Standard and the
related Mortgage Loan Documents, the Master Servicer may make withdrawals of
amounts so deposited, and draws under any Letter of Credit so delivered, to
prepay the Mortgage Loan in the event certain leasing or other economic criteria
are not satisfied at the related Mortgaged Property (but only if such prepayment
is required by the related Mortgage Loan Documents or continuing to hold such
funds or Letter of Credit as Additional Collateral is not consistent with the
Servicing Standard), to pay amounts due and owing under the Mortgage Loan
following an event of default, or to release such amounts to the related
Borrower or otherwise apply such amounts for any other appropriate purpose in
the event that such criteria are satisfied, and the Master Servicer may return
any Letter of Credit so delivered to the related Borrower; provided that,
notwithstanding the foregoing (unless otherwise required under the related
Mortgage Loan Documents), such Master Servicer shall not release any Earn-Out
Reserve Funds, or return any related Letter of Credit delivered in lieu of
Earn-Out Reserve Funds, to the related Borrower, unless and until: (i) such
Master Servicer has so notified the Special Servicer in writing and has provided
such Special Servicer with any written or electronic information in such Master
Servicer's possession regarding such Mortgage Loan or the related Mortgaged
Property that such Special Servicer may reasonably request within ten Business
Days of receiving such written notice; and (ii) subject to Section 3.24, the
Special Servicer has consented to such release of any such Earn-Out Reserve
Funds or return of any related Letter of Credit (such consent to be given or
withheld in accordance with the Servicing Standard and to be deemed given if the
Special Servicer does not object in writing to such release of any such Earn-Out
Reserve Funds or return of any such Letter of Credit within fifteen (15)
Business Days after receiving such additional information from the Master
Servicer (or, if it did not request additional information, within ten Business
Days after receiving such notice)). Subject to the terms of the related Mortgage
Loan Documents, each Reserve Account shall be an Eligible Account. It is hereby
acknowledged that, subject to the Servicing Standard and the foregoing proviso,
the Master Servicer shall be entitled to conclusively rely on the determination
of the Column Primary Servicer as to the amount of any withdrawal to be made
from the Reserve Accounts (or, any draw under the applicable Letter of Credit,
as the case may be) with respect to the Column Serviced Loans under this Section
3.03(e).

            Interest and other income, if any, earned on funds on deposit in any
Reserve Account held by the Master Servicer (to the extent of any Net Investment
Earnings with respect to such Reserve Account for any Collection Period), shall
be for the benefit of and payable to such Master Servicer, unless otherwise
required to be paid to the related Borrower by law or the terms of the related
Mortgage Loan. If the Master Servicer shall deposit in a Reserve Account
maintained by it any amount not required to be deposited therein, it may at any
time withdraw such amount from such Reserve Account, any provision herein to the
contrary notwithstanding. Any out-of-pocket expenses incurred by the Master
Servicer to enable such Master Servicer to make any draw under any Letter of
Credit shall constitute a Servicing Advance, and such Master Servicer shall make
reasonable efforts to recover such expenses from the related Borrower to the
extent the Borrower is required to pay such expenses under the terms of the
related Mortgage Loan.

            (f) To the extent an operations and maintenance plan is required to
be established and executed pursuant to the terms of a Mortgage Loan, the Master
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 other
action or remediation with respect to environmental matters is required to have
been taken or completed pursuant to the terms of a Mortgage Loan, the Master
Servicer shall request from the Borrower written confirmation of such action 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 have been taken
or completed. To the extent that a Borrower fails to promptly respond to any
inquiry described in this Section 3.03(f), the Master Servicer shall notify the
Trustee, the Special Servicer and the Controlling Class Representative. The
Master Servicer shall promptly notify the Trustee, the Special Servicer and the
Controlling Class Representative if the Master Servicer shall determine that any
Borrower has failed to perform its obligations under the related Mortgage Loan
in respect of environmental matters.

            (g) Subject to applicable law and the terms of the related Mortgage
Loan Documents, funds in the Servicing Accounts and the Reserve Accounts may be
invested only in Permitted Investments in accordance with the provisions of
Section 3.06.

            Section 3.04 Collection Accounts, Distribution Account, Interest
                         Reserve Account, Excess Liquidation Proceeds
                         Account, Post-ARD Additional Interest
                         Distribution Account and the Floating Rate
                         Account

            (a) The Master Servicer shall segregate and hold all funds collected
and received by it in connection with the Mortgage Pool separate and apart from
its own funds and general assets. In connection therewith, the Master Servicer
shall establish and maintain one or more segregated accounts (collectively, the
"Collection Account"), in which the funds described below are to be deposited
and held on behalf of the Trustee in trust for the benefit of the
Certificateholders. Each account that constitutes the Collection Account shall
be an Eligible Account. The Master Servicer shall deposit or cause to be
deposited in the applicable Collection Account, within two Business Days of
receipt by it (in the case of payments by Borrowers or other collections on the
Mortgage Loans) or as otherwise required hereunder, the following payments and
collections received or made by or on behalf of such Master Servicer in respect
of the Mortgage Pool subsequent to the Closing Date (other than in respect of
scheduled payments of principal and interest due and payable on the Mortgage
Loans on or before their respective Due Dates in March 2007 (or, in the case of
a Replacement Mortgage Loan, on or before the related date of substitution),
which payments shall be delivered promptly to the related Mortgage Loan Seller
or its designee, with negotiable instruments endorsed as necessary and
appropriate without recourse):

            (i) all payments, from whatever source, or transfers from a debt
      service reserve account, on account of principal of the Mortgage Loans,
      including Principal Prepayments;

            (ii) all payments, from whatever source, or transfers from a debt
      service reserve account, on account of interest on the Mortgage Loans and
      any B Loan, including Default Interest and Post-ARD Additional Interest;

            (iii) all Yield Maintenance Charges and late payment charges
      received in respect of the Mortgage Loans;

            (iv) all Insurance Proceeds, Condemnation Proceeds and Liquidation
      Proceeds received in respect of the Mortgage Loans together with any
      amounts representing recoveries of Workout-Delayed Reimbursement Amounts
      or Nonrecoverable Advances in respect of the related Mortgage Loans;

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

            (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 or master force placed
      hazard insurance policy (solely to the extent that such losses exceed any
      losses that would have been incurred under a single insurance policy);

            (vii) any amounts required to be transferred from any REO Account
      pursuant to Section 3.16(c) or from an A/B Loan Pair Custodial Account
      pursuant to Section 3.04(f);

            (viii) insofar as they do not constitute Escrow Payments, any
      amounts paid by a Borrower specifically to cover items for which a
      Servicing Advance has been made or that represent a recovery of property
      protection expenses from a Borrower;

            (ix) any amounts received pursuant to Section 3.18 in connection
      with the liquidation of a Defective Mortgage Loan or pursuant to Section
      3.09 in connection with the liquidation of a Defaulted Mortgage Loan;

            (x) any amounts paid by a Mortgage Loan Seller or the Column
      Performance Guarantor, as the case may be, in connection with the
      repurchase or substitution of a Mortgage Loan by such party pursuant to
      Section 2.03;

            (xi) any amounts paid to purchase or otherwise acquire all the
      Mortgage Loans and any REO Properties in connection with the termination
      of the Trust Fund pursuant to Section 9.01; and

            (xii) any amounts paid by the B Loan Holder or mezzanine lender in
      connection with any cure or purchase option exercised pursuant to the
      terms of the A/B Intercreditor Agreement, or related mezzanine
      intercreditor agreement, as applicable.

            The foregoing requirements for deposit in the Collection Account
shall be exclusive. Without limiting the generality of the foregoing, actual
payments from Borrowers in the nature of Escrow Payments, assumption fees,
assumption application fees, defeasance fees, earn-out fees, extension fees,
modification fees, charges for beneficiary statements or demands, amounts
collected for checks returned for insufficient funds and other fees and amounts
collected from Borrowers that constitute Additional Master Servicing
Compensation and/or Additional Special Servicing Compensation, need not be
deposited by the Master Servicer in the Collection Account. The Master Servicer
shall promptly deliver to the Special Servicer any of the foregoing items
received by it, if and to the extent that such items constitute Additional
Special Servicing Compensation. 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 such Master Servicer's Collection Account,
any provision herein to the contrary notwithstanding.

            Upon receipt of any of the amounts described in clauses (i) through
(iv) and (viii) of the first paragraph of this Section 3.04(a) with respect to
any Mortgage Loan, the Special Servicer shall promptly, but in no event later
than one Business Day after receipt, remit such amounts to the Master Servicer
for deposit into the Collection Account, unless such Special Servicer
determines, consistent with the Servicing Standard, that a particular item
should not be deposited because of a restrictive endorsement. With respect to
any such amounts paid by check to the order of such Special Servicer, such
Special Servicer shall endorse such check to the order of the Master Servicer
(in its capacity as such), without recourse, representation or warranty, unless
the Special Servicer determines, consistent with the Servicing Standard, that a
particular item cannot be so endorsed and delivered because of a restrictive
endorsement. Any such amounts received by the Special Servicer with respect to
an REO Property shall be deposited by such Special Servicer into the REO Account
and remitted to the Master Servicer for deposit into such Master Servicer's
Collection Account pursuant to Section 3.16(c) (or, if such REO Property relates
to an A/B Loan Pair, into the related A/B Loan Pair Custodial Account).

            (b) The Trustee shall establish and maintain one or more segregated
accounts (collectively, the "Distribution Account"), to be held in trust for the
benefit of the Certificateholders. Each account that constitutes the
Distribution Account shall be an Eligible Account. By 1:00 p.m. (New York City
time) on each Master Servicer Remittance Date, the Master Servicer shall deliver
to the Trustee, for deposit in the Distribution Account, an aggregate amount of
immediately available funds equal to the Master Servicer's Master Servicer
Remittance Amount for such Master Servicer Remittance Date. Immediately upon
deposit of any Master Servicer Remittance Amount for any Master Servicer
Remittance Date into the Distribution Account, any portion thereof that
represents any Post-ARD Additional Interest related to the ARD Mortgage Loans
shall be deemed to have been deposited into the Post-ARD Additional Interest
Distribution Account, and the remaining portion thereof shall be deemed to have
been deposited into the Lower-Tier Distribution Account. In addition, the Master
Servicer shall, as and when required hereunder, deliver to the Trustee for
deposit in the Lower-Tier Distribution Account any P&I Advances and Compensating
Interest Payments required to be made by such Master Servicer hereunder.
Furthermore, any amounts paid by any party hereto to indemnify the Trust Fund
pursuant to any provision hereof shall be delivered to the Trustee for deposit
in the Lower-Tier Distribution Account. The Trustee shall, upon receipt, deposit
in the Lower-Tier Distribution Account any and all amounts received or, pursuant
to Section 4.03, advanced by the Trustee that are required by the terms of this
Agreement to be deposited therein. As and when required pursuant to Section
3.05(c), the Trustee shall transfer Interest Reserve Amounts in respect of the
Interest Reserve Mortgage Loans from the Interest Reserve Account to the
Lower-Tier Distribution Account. On each Distribution Date, the Trustee shall
deliver to the Swap Counterparty, the Class A-MFL Net Fixed Swap Payment due to
the Swap Counterparty with respect to such Distribution Date that was deposited
in the Floating Rate Account on the preceding Class A-MFL Swap Payment Date
pursuant to Section 3.04(g), and such portion shall be deemed to have been
distributed in respect of the Class LA-MFL Uncertificated Interest and the Class
A-MFL Regular Interest pursuant to the terms of this Agreement. On each
Distribution Date (prior to distributions on the Certificates being made on that
date), the Trustee shall also deposit in the Distribution Account any amounts
required to be deposited by the Trustee pursuant to Section 3.06 in connection
with losses incurred with respect Permitted Investments of funds held in the
Distribution Account. Furthermore, as and when required pursuant to Section
3.05(d), the Trustee shall transfer monies from the Excess Liquidation Proceeds
Account to the Lower-Tier Distribution Account. If the Trustee shall deposit in
the Lower-Tier Distribution Account any amount not required to be deposited
therein, it may at any time withdraw such amount from the Lower-Tier
Distribution Account, any provision herein to the contrary notwithstanding.

            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 Lower-Tier Distribution Amount (with a
credit for any Class A-MFL Net Fixed Swap Payment deemed distributed on the
preceding Class A-MFL Swap Payment Date pursuant to Section 4.01(c)) and the
amount of any Yield Maintenance Charges for such Distribution Date allocated in
payment of the Uncertificated Lower-Tier Interests as specified in Section 4.01.

            (c) The Trustee shall establish and maintain one or more accounts
(collectively, the "Interest Reserve Account") to be held in trust for the
benefit of the Certificateholders. Each account that constitutes the Interest
Reserve Account shall be an Eligible Account. On the Distribution Date in
January (except during a leap year) and February of each calendar year,
commencing in 2008, prior to any distributions being made in respect of the
Certificates on such Distribution Date, the Trustee shall, with respect to each
Interest Reserve Mortgage Loan, withdraw from the Distribution Account and
deposit in the Interest Reserve Account an amount equal to the Interest Reserve
Amount, if any, in respect of such Interest Reserve Mortgage Loan for such
Distribution Date; provided that no such transfer of monies from the
Distribution Account to the Interest Reserve Account shall be made on the Final
Distribution Date. The Trustee shall also deposit in the Interest Reserve
Account any amounts required to be deposited by the Trustee pursuant to Section
3.06 in connection with losses incurred with respect to Permitted Investments of
funds held in the Interest Reserve 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. 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 by it during the Collection Period
ending on the Determination Date immediately prior to such Master Servicer
Remittance Date; provided, however, that if such Excess Liquidation Proceeds
relate to an A/B Loan Pair, the amount allocable to the related B Loan shall be
deposited in the A/B Loan Pair Custodial Account. The Trustee shall also deposit
in the Excess Liquidation Proceeds Account any amounts required to be deposited
by the Trustee pursuant to Section 3.06 in connection with losses incurred with
respect to Permitted Investments of funds held in the Excess Liquidation
Proceeds Account.

            (e) Funds in a Collection Account, the Upper-Tier Distribution
Account, the Lower-Tier Distribution Account, the Interest Reserve Account, the
Floating Rate Account, the Post-ARD Additional Interest Distribution Account and
the Excess Liquidation Proceeds Account may be invested in Permitted Investments
in accordance with the provisions of Section 3.06. The Master Servicer shall
give notice to the other parties hereto of the location of the Collection
Account as of the Closing Date and of the new location of the Collection Account
prior to any change thereof. The Upper-Tier Distribution Account, Lower-Tier
Distribution Account, Interest Reserve Account, Floating Rate Account, Post-ARD
Additional Interest Distribution Account and Excess Liquidation Proceeds Account
shall each be established at the Corporate Trust Office of the Trustee as of the
Closing Date, and the Trustee shall give notice to the other parties hereto of
the new location of each of the Upper-Tier Distribution Account, Lower-Tier
Distribution Account, Interest Reserve Account and Excess Liquidation Proceeds
Account prior to any change thereof.

            (f) If (i) any A/B Material Default occurs and is continuing (and,
as a result, the related B Loan is being serviced hereunder) or (ii) the
Mortgaged Property securing any A/B Loan Pair has become REO Property, the
Master Servicer shall establish and maintain, or cause to be established and
maintained, an A/B Loan Pair Custodial Account (which may be a sub-account of
the 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 the 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 applicable
A/B Loan Pair 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 A/B Loan Pair; and

            (ii) all payments on account of interest, including Post-ARD
      Additional Interest, on such A/B Loan Pair; and

            (iii) all Insurance Proceeds and Condemnation Proceeds received in
      respect of such A/B Loan Pair together with any amounts representing
      recoveries of Workout-Delayed Reimbursement Amounts or Nonrecoverable
      Advances in respect of the related A/B Loan Pair; and

            (iv) all Liquidation Proceeds with respect to such A/B Loan Pair;
      and

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

            (vi) 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 such A/B Loan Pair Custodial
      Account;

            (vii) any amounts required to be deposited by the Master Servicer or
      the Special Servicer pursuant to Section 3.07(b) in connection with losses
      on such A/B Loan Pair resulting from a deductible clause in a blanket or
      force placed hazard insurance policy (solely to the extent that such
      losses exceed any losses that would have been incurred under a single
      insurance policy); and

            (viii) any amounts paid by the holder of any A Loan or any holder of
      a related mezzanine loan in connection with any purchase option exercised
      pursuant to the terms of the related A/B Intercreditor Agreement or
      mezzanine intercreditor agreement, as applicable, that are distributable
      to the related B Loan Holder.

            The foregoing requirements for deposit by the Master Servicer in an
A/B Loan Pair Custodial Account shall be exclusive, it being understood and
agreed that actual payments from a Borrower 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 such A/B Loan Pair
Custodial Account. If the Master Servicer shall deposit in any A/B Loan Pair
Custodial Account any amount not required to be deposited therein, it may at any
time withdraw such amount from such A/B Loan Pair Custodial Account.

            Within one Business Day of receipt of any of the amounts described
in the second preceding paragraph with respect to any Specially Serviced
Mortgage Loan that is part of an A/B Loan Pair during the period that the
related B Loan is being serviced hereunder, the Special Servicer shall remit
such amounts to the Master Servicer for deposit in the related A/B Loan Pair
Custodial Account pursuant to the second preceding paragraph. Any amounts
received by the Special Servicer with respect to an REO Property that relates to
an A/B Loan Pair shall be deposited into the REO Account and remitted to the
Master Servicer for deposit into the related A/B Loan Pair Custodial Account
pursuant to Section 3.16(c).

            If any B Loan is being serviced hereunder, or if the Mortgaged
Property securing any A/B Loan Pair has become REO Property, then as and when
required pursuant to the related A/B Intercreditor Agreement (and in any event
on the Business Day following each Determination Date, or if received after such
Determination Date, two Business Days after receipt), the Master Servicer shall
withdraw from the related A/B Loan Pair Custodial Account and pay to the
applicable parties hereunder such amounts as is permitted under the related A/B
Intercreditor Agreement for purposes of the reimbursement of Advances, the
payment of interest on Advances, the payment of Master Servicing Fees, Special
Servicing Fees, Workout Fees and Liquidation Fees and the payment of any other
servicing expenses, indemnification and fees relating to the subject A/B Loan
Pair or any related REO Property and, further, pay to the Trust, as "A Note
Holder" under the related A/B Intercreditor Agreement, and to the B Loan Holder
all amounts to which each of them is entitled in respect of the subject A Loan
and B Loan, respectively, in accordance with the related A/B Intercreditor
Agreement. The foregoing payments shall be made in accordance with the
priorities set forth in the related A/B Intercreditor Agreement. Payments to the
Trust shall be made by transfer of the applicable funds to the Collection
Account, and payments to the B Loan Holder shall be made in accordance with the
related A/B Intercreditor Agreement.

            (g) The Trustee, on behalf of the Trust Fund, shall establish and
maintain the Floating Rate Account in trust for the benefit of the Swap
Counterparty and the Holders of the Class A-MFL Certificates. The Floating Rate
Account shall be an asset of the Grantor Trust Pool and not of either Trust
REMIC. The Trustee shall make or be deemed to have made deposits in and
withdrawals from the Floating Rate Account in accordance with the terms of this
Agreement. On the Business Day preceding each Distribution Date, the Trustee
shall deposit in the Floating Rate Account any amounts required to be so
deposited by the Trustee pursuant to Section 3.06 in connection with losses
incurred with respect to Permitted Investments of funds held in the Floating
Rate Account and, to the extent permitted by Section 3.06, shall be permitted to
withdraw any Net Investment Earnings from the Floating Rate Account. On each
Class A-MFL Swap Payment Date, following any deposit to the Distribution Account
on or prior to such date, the Trustee shall be deemed to deposit into the
Floating Rate Account (i) the Class A-MFL Net Fixed Swap Payment distributable
with respect to the Class LA-MFL Uncertificated Interest and the Class A-MFL
Regular Interest pursuant to Section 3.04(b) and payable to the Swap
Counterparty for such Distribution Date (such amounts to be credited against
amounts otherwise distributable in respect of the Class LA-MFL Uncertificated
Interest and the Class A-MFL Regular Interest pursuant to Section 4.01(a) in
respect of such Distribution Date) and (ii) all amounts received from the Swap
Counterparty under the Swap Agreement.

            (h) The Trustee shall establish and maintain the Post-ARD Additional
Interest Distribution Account in the name of the Trustee for the benefit of the
Holders of the Class V Certificates. The Post-ARD Additional Interest
Distribution Account shall be established and maintained as an Eligible Account
or, subject to Section 3.04(i), 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 Post-ARD Additional Interest Distribution Account
an amount equal to the Post-ARD Additional Interest received on the respective
ARD Mortgage Loans (or any successor REO Mortgage Loans with respect thereto)
during the related Collection Period. On each Distribution Date, the Trustee
shall withdraw the Post-ARD Additional Interest on deposit therein from the
Post-ARD Additional Interest Distribution Account for distribution pursuant to
Section 4.01(e). On each Distribution Date, the Trustee shall deposit any Net
Investment Loss into the Post-ARD Additional Interest Distribution Account and
shall be permitted to withdraw any Net Investment Earnings from the Post-ARD
Additional Interest Distribution Account. Following the distribution of Post-ARD
Additional Interest to Holders of the Class V Certificates on the first
Distribution Date after which no ARD Mortgage Loan and no successor REO Mortgage
Loan with respect to an ARD Mortgage Loan remains part of the Mortgage Pool, the
Trustee shall terminate the Post-ARD Additional Interest Distribution Account.

            (i) Notwithstanding the foregoing or any other provision to the
contrary in this Agreement, the Trustee may maintain the Distribution Account,
the Interest Reserve Account, the Excess Liquidation Proceeds Account, the
Post-ARD Additional Interest Distribution Account and the Floating Rate Account
as five separate subaccounts of a single Eligible Account; provided that: (i)
all deposits into and withdrawals from such single Eligible Account shall be
made in the same manner as would be the case if the Distribution Account, the
Interest Reserve Account, the Excess Liquidation Proceeds Account, the Post-ARD
Additional Interest Distribution Account and the Floating Rate Account were
maintained as four separate accounts; (ii) all distributions on the Certificates
will be calculated and made in the same manner as would be the case if the
Distribution Account, the Interest Reserve Account, the Excess Liquidation
Proceeds Account, the Post-ARD Additional Interest Distribution Account and the
Floating Rate Account were maintained as five separate accounts; (iii) the
Trustee shall make debits and credits to those five subaccounts in a manner
consistent with the provisions of this Agreement governing transfers of funds
between the Distribution Account, the Interest Reserve Account, the Excess
Liquidation Proceeds Account, the Post-ARD Additional Interest Distribution
Account and the Floating Rate Account, as the case may be; (iv) the Trustee's
maintaining the Distribution Account, the Interest Reserve Account, the Excess
Liquidation Proceeds Account, the Post-ARD Additional Interest Distribution
Account and the Floating Rate Account as four separate subaccounts of a single
Eligible Account (as opposed to in the form of three separate Eligible Accounts)
shall not materially and adversely affect any of the Certificateholders; and (v)
such single Eligible Account shall be entitled "Wells Fargo Bank, N.A., as
Trustee, in trust for the registered holders of Credit Suisse First Boston
Mortgage Securities Corp., Commercial Mortgage Pass Through Certificates, Series
2007-C1, Distribution Account, Interest Reserve Account, Excess Liquidation
Proceeds Account, the Post-ARD Additional Interest Distribution Account and the
Floating Rate Account."

            Section 3.05 Permitted Withdrawals From the Collection Account,
                         the Distribution Account, the Interest Reserve
                         Account, the Excess Liquidation Proceeds
                         Account, the Post-ARD Additional Interest
                         Distribution Account and the Floating Rate
                         Account

            (a) The Master Servicer may, from time to time, make withdrawals
from the applicable Collection Account for any of the following purposes (the
order set forth below not constituting an order of priority for such
withdrawals):

            (i) to remit to the Trustee for deposit in the Lower-Tier
      Distribution Account as provided in the first paragraph of Section 3.04(b)
      or in Post-ARD Additional Interest Distribution Account as provided in
      Section 3.04(h), the Master Servicer Remittance Amount with respect to
      such Master Servicer for each Master Servicer Remittance Date and any
      amounts that may be applied by such Master Servicer to make P&I Advances
      pursuant to Section 4.03(a);

            (ii) to reimburse itself or the Trustee, as applicable, for
      unreimbursed P&I Advances (to the extent not previously reimbursed in the
      form of a cure payment from the B Loan Holder) made thereby (in each case,
      with its own funds), with respect to the Mortgage Loans and/or any
      successor REO Loans in respect thereof, such Master Servicer's and, the
      Trustee's, as the case may be, respective rights to reimbursement pursuant
      to this clause (ii) with respect to any P&I Advance (other than
      Nonrecoverable P&I Advances, which are reimbursable pursuant to clause
      (vii) below) being limited to amounts that represent Late Collections of
      interest and principal received in respect of the particular Mortgage Loan
      or REO Mortgage Loan as to which such P&I Advance was made (net of related
      Master Servicing Fees and/or Workout Fees); provided, however, that if
      such P&I Advance becomes a Workout-Delayed Reimbursement Amount, then such
      P&I Advance shall thereafter be reimbursed from the portion of general
      collections and recoveries on or in respect of the Mortgage Loans and REO
      Properties on deposit in the Collection Account from time to time that
      represent collections or recoveries of principal, first from such amounts
      that are allocated to the Loan Group to which such Mortgage Loan belongs
      and second from such amounts that are allocated to the other Loan Group;
      provided, further, however, that if such Workout-Delayed Reimbursement
      Amount becomes a Nonrecoverable Advance, then such Nonrecoverable Advance
      shall thereafter be reimbursable pursuant to clause (vii) below;

            (iii) [reserved]

            (iv) to pay the Special Servicer, out of general collections on the
      Mortgage Loans in, and any REO Properties relating to, earned and unpaid
      Special Servicing Fees in respect of each related Specially Serviced
      Mortgage Loan and related REO Mortgage Loan;

            (v) to pay the Special Servicer (or, if applicable, any predecessor
      thereto) earned and unpaid Workout Fees and Liquidation Fees to which it
      is entitled pursuant to, and from the sources contemplated by, the second
      and third paragraphs of Section 3.11(c);

            (vi) to reimburse itself, the Special Servicer or the Trustee, as
      applicable, for any unreimbursed Servicing Advances made thereby (in each
      case, with its own funds), the Master Servicer's, the Special Servicer's
      and the Trustee's, as the case may be, respective rights to reimbursement
      pursuant to this clause (vi) with respect to any Servicing Advance (other
      than Nonrecoverable Servicing Advances, which are reimbursable pursuant to
      clause (vii) below) being limited to (A) payments made by the related
      Borrower that are allocable to cover the item in respect of which such
      Servicing Advance was made, and (B) Insurance Proceeds, Condemnation
      Proceeds, Liquidation Proceeds and, if applicable, REO Revenues received
      in respect of the particular Mortgage Loan or REO Property as to which
      such Servicing Advance was made; provided, however, that if such Servicing
      Advance becomes a Workout-Delayed Reimbursement Amount, then such
      Servicing Advance shall thereafter be reimbursed from the portion of
      general collections and recoveries on or in respect of the Mortgage Loans
      and REO Properties on deposit in the Collection Account from time to time
      that represent collections or recoveries of principal, first from such
      amounts that are allocated to the Loan Group to which such Mortgage Loan
      belongs and second from such amounts that are allocated to the other Loan
      Group; provided, further, however, that if such Workout-Delayed
      Reimbursement Amount becomes a Nonrecoverable Advance, then such
      Nonrecoverable Advance shall thereafter be reimbursable pursuant to clause
      (vii) below;

            (vii) to reimburse itself, the Special Servicer or the Trustee, as
      applicable, out of general collections on the Mortgage Loans and any REO
      Properties, for (A) any unreimbursed Advances made thereby that have been
      determined to be Nonrecoverable Advances, provided that the Master
      Servicer may reimburse itself in installments as it may choose in its sole
      discretion pursuant to Sections 3.03(d), 3.11(g) and/or 4.03(d), as the
      case may be;

            (viii) to pay itself, the Special Servicer or the Trustee, as
      applicable, any Advance Interest then due and owing to such Person, out of
      Default Charges collected on the Mortgage Loan or REO Mortgage Loan, as
      the case may be, as to which the related Advance was made, as and to the
      extent contemplated by Section 3.26;

            (ix) to reimburse itself, the Special Servicer, the Depositor or the
      Trustee, as the case may be, for any unreimbursed expenses reasonably
      incurred by such Person in respect of any Breach or Defect relating to a
      Mortgage Loan and giving rise to a repurchase obligation of any Mortgage
      Loan Seller under Section 7 of the Mortgage Loan Purchase Agreement or
      under the Column Performance Guarantee, including, any expenses arising
      out of the enforcement of the repurchase obligation, each such Person's
      right to reimbursement pursuant to this clause (ix) with respect to any
      Mortgage Loan being limited to that portion of the Purchase Price paid for
      such Mortgage Loan that represents such expense in accordance with clause
      (e) of the definition of Purchase Price;

            (x) subject to Section 2.03(g), to reimburse itself, the Trustee or
      the Special Servicer, as the case may be, first out of Liquidation
      Proceeds and Insurance and Condemnation Proceeds with respect to the
      subject Mortgage Loan and then out of general collections on the Mortgage
      Loans and REO Properties, for any unreimbursed expense reasonably incurred
      by such Person relating to a Mortgage Loan in connection with the
      enforcement of the Mortgage Loan Seller's obligations under Section 7 of
      the Mortgage Loan Purchase Agreement, but only to the extent that such
      expenses are not reimbursable pursuant to clause (ix) above or otherwise;

            (xi) to the extent that, during any Collection Period, such Master
      Servicer has reimbursed or is reimbursing itself, the Special Servicer or
      the Trustee, as applicable, for any unreimbursed Advance pursuant to
      clause (ii), (vi) or (vii) above or pursuant to Section 3.03(c), and
      insofar as payment has not already been made, and the related Default
      Charges then on deposit in the Collection Account are not sufficient to
      make such payment pursuant to clause (viii) above, to pay itself, such
      Special Servicer or the Trustee, as the case may be, out of general
      collections on the Mortgage Loans and any REO Properties, any related
      Advance Interest accrued and payable on the portion of such Advance so
      reimbursed or being reimbursed;

            (xii) to pay any outstanding expense, other than Advance Interest,
      that was incurred with respect to any related Mortgage Loan or related REO
      Property and that, if paid from a source other than Default Charges on
      such Mortgage Loan or the related REO Mortgage Loan, as the case may be,
      would constitute an Additional Trust Fund Expense, such payment to be
      made, as and to the extent contemplated by Section 3.26, out of Default
      Charges collected on the Mortgage Loan or REO Mortgage Loan, as the case
      may be, that relates to such expense;

            (xiii) to pay itself any items of Additional Master Servicing
      Compensation, and to pay to the Special Servicer any items of Additional
      Special Servicing Compensation, in each case on deposit in the Collection
      Account from time to time;

            (xiv) to pay any unpaid Liquidation Expenses incurred with respect
      to any related Mortgage Loan or REO Property, such payments to be made,
      first, out of Insurance Proceeds, Condemnation Proceeds or Liquidation
      Proceeds and, if applicable, REO Revenues received in respect of such
      Mortgage Loan or REO Property, as the case may be, and then, out of
      general collections on other Mortgage Loans and any REO Properties;

            (xv) to pay, in accordance with Section 3.11(i), out of general
      collections on the Mortgage Loans and any REO Properties relating thereto,
      certain servicing expenses related to the Mortgage Loans and REO
      Properties that would, if advanced, constitute Nonrecoverable Servicing
      Advances;

            (xvi) to pay, out of general collections on the Mortgage Loans and
      any REO Properties, costs and expenses incurred by the Trust pursuant to
      Section 3.09(c) with respect to any Mortgage Loan or REO Property (other
      than the costs of environmental testing, which are to be covered by, and
      reimbursable as, a Servicing Advance);

            (xvii) to pay itself, the Special Servicer, the Depositor, the
      Trustee or any of their respective directors, officers, members, managers,
      employees and agents, as the case may be, out of general collections on
      the Mortgage Loans and any REO Properties relating thereto, any amounts
      payable to any such Person pursuant to Section 6.03, Section 7.01(b),
      Section 8.05(b), or Section 8.13, as applicable;

            (xviii) to pay, out of general collections on the Mortgage Loans and
      any REO Properties relating thereto, any reasonable out-of-pocket cost or
      expense (including the reasonable fees of tax accountants and attorneys)
      incurred by the Trustee pursuant to Section 3.17(a)(iii) in connection
      with providing advice to the Special Servicer with respect to any REO
      Property;

            (xix) to pay to itself, the Special Servicer, the Trustee or the
      Depositor, as the case may be, any amount that is specifically required to
      be paid to such Person at the expense of the Trust Fund under any
      provision of this Agreement and to which reference is not made in any
      other clause of this Section 3.05(a), it being acknowledged that this
      clause (xix) shall not be construed to modify any limitation otherwise set
      forth in this Agreement on the time at which any Person is entitled to
      payment or reimbursement of any amount or the funds from which any such
      payment or reimbursement is permitted to be made;

            (xx) to pay itself, the Special Servicer, a Mortgage Loan Seller, a
      Certificateholder or any other particular Person, as the case may be, with
      respect to each Mortgage Loan and that was previously purchased or
      otherwise removed from the Trust Fund by such Person pursuant to or as
      contemplated by this Agreement, all amounts received thereon subsequent to
      the date of purchase;

            (xxi) to pay amounts payable to any B Loan Holder under the related
      A/B Intercreditor Agreement;

            (xxii) to reimburse itself for any prior Advance, including any
      interest accrued and payable thereon, made for which a cure payment from
      the B Loan Holder has been received, from such cure payment;

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

            (xxiv) to pay for the cost of any Opinion of Counsel for purposes of
      REMIC administration or amending this Agreement pursuant to Section 11.01,
      in each case, to the extent payable out of the Trust Fund, and to pay for
      the cost of obtaining any extensions from the IRS in connection with the
      sale of any REO Property;

            (xxv) to pay, out of general collections, any and all federal, state
      and local taxes imposed on either the Upper-Tier REMIC or Lower-Tier
      REMIC;

            (xxvi) to pay for the recording cost of this Agreement;

            (xxvii) to pay to the respective Mortgage Loan Sellers, amounts that
      represent Monthly Payments due on the Mortgage Loans on or before their
      respective Due Dates in March 2007 or, in the case of a Replacement
      Mortgage Loan, on or before the date on which such loan was added to the
      Trust Fund, if any, or in the case of a Deleted Mortgage Loan, amounts
      collected or received by the Trust with respect to such Mortgage Loan
      after the related date of replacement pursuant to Section 2.03(b);

            (xxviii) to withdraw amounts deposited in such Collection Account in
      error; and

            (xxix) to clear and terminate such Collection Account at the
      termination of this Agreement pursuant to Section 9.01.

            No party hereto shall be entitled to payment or reimbursement of any
amount from the Collection Account with respect to any A Loan or related REO
Property for which it can be reimbursed out of amounts then or thereafter on
deposit in the related A/B Loan Pair Custodial Account and, in the case of the B
Loans:

            (A) the Master Servicer shall be entitled to make transfers from
time to time, from the related A/B Loan Pair Custodial Account to the portion of
the Collection Account that does not constitute the A/B Loan Pair Custodial
Account, of amounts necessary for the payment and/or reimbursement of amounts
described in any one or more of clauses (i), (ii), (iii), (iv), (v), (vi),
(vii), (viii), (ix), (xi) and (xiv) above, but only insofar as the payment or
reimbursement described therein arises from or is related solely to an A Loan,
is allocable to the related A Loan pursuant to this Agreement and is allocable
to the related B Note pursuant to the A/B Intercreditor Agreement, and the
Master Servicer shall also be entitled to make transfers from time to time, from
the related A/B Loan Pair Custodial Account to the portion of the Collection
Account that does not constitute the A/B Loan Pair Custodial Account, of amounts
transferred to such related A/B Loan Pair 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 Pair Custodial Account to the portion of
the Collection Account that does not constitute the A/B Loan Pair Custodial
Account, of amounts not otherwise described in clause (A) above to which the
holder of an A Note is entitled under the related A/B Intercreditor Agreement
(including in respect of interest, principal and Yield Maintenance Charges due
in respect of the A Note (whether or not by operation of any provision of the
related A/B 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 shall on the second Business Day following
receipt of payment from the related Borrower, remit to the B Loan Holder any
amounts on deposit in such A/B Loan Pair 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 B Loan Holder is entitled thereto
under the related A/B Intercreditor Agreement (including by way of the operation
of any provision of the related A/B Intercreditor Agreement that entitles the B
Loan Holder to reimbursement of cure payments made by it).

            Expenses incurred with respect to any B Loan shall be allocated in
accordance with the related A/B Intercreditor Agreement. The Master Servicer
shall keep and maintain a separate accounting for each Mortgage Loan and B Loan
for the purpose of justifying any withdrawal or transfer from the Collection
Account and any A/B Loan Pair Custodial Account. The Master Servicer shall not
be permitted to withdraw any funds from the portion of the Collection Account
that does not constitute the A/B Loan Pair Custodial Account unless there are no
remaining funds in the related A/B Loan Pair Custodial Account available. If the
Master Servicer is entitled to make any payment or reimbursement described above
and such payment or reimbursement relates to a B Loan 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 Pair Custodial Account insofar as it relates to a B
Loan and is permitted pursuant to the A/B Intercreditor Agreement), the Master
Servicer shall, if funds on deposit in such A/B Loan Pair Custodial Account are
insufficient therefor, request the B Loan Holder to make such payment or
reimbursement to the extent the B Loan Holder is obligated to make such payment
or reimbursement pursuant to the A/B Intercreditor Agreement. If the B Loan
Holder fails to make such payment or reimbursement that it is obligated to make
within three Business Days following such request and the Master Servicer deems
the payment or reimbursement necessary to protect the related Mortgaged Property
from a default, delinquency or other anticipated event that is imminent with
respect to the related Mortgage Loan in its reasonable judgment and in
accordance with the Servicing Standard, 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 B Loan Holder (including, if
permitted by the related A/B Intercreditor Agreement, by offset against
subsequent amounts payable to the B Loan Holder), 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 Pair Custodial Account; provided that with respect
to any Servicing Advance previously made by the Master Servicer that becomes a
Nonrecoverable Advance, such Advance shall be reimbursed out of the Collection
Account.

            The Master Servicer shall pay to the Special Servicer from the
Collection Account amounts permitted to be paid to it therefrom promptly upon
receipt of a certificate of a Servicing Officer of the Special Servicer
describing the item and amount to which such Special Servicer is entitled. The
Master Servicer may rely conclusively on any such certificate and shall have no
duty to re-calculate the amounts stated therein. The Special Servicer shall keep
and maintain separate accounting for each Specially Serviced Mortgage Loan and
REO Property, on a loan-by-loan and property-by-property basis, for the purpose
of justifying any request thereby for withdrawal from a Collection Account.

            If at any time the Master Servicer (or the Trustee) determines that
the reimbursement of a Nonrecoverable Advance during a Collection Period will
exceed the full amount of the principal portion of general collections received
on the Mortgage Loans during such Collection Period, then the Master Servicer
(or the Trustee) shall use its reasonable efforts to give the Rating Agencies at
least 15 days' notice prior to any reimbursement to it of Nonrecoverable
Advances from amounts in the Collection Account allocable to interest on the
Mortgage Loans unless extraordinary or unanticipated circumstances, including,
without limitation, the following, make such notice impractical (1) the Master
Servicer (or the Trustee) determines in its sole discretion that waiting 15 days
after such a notice could jeopardize the Master Servicer's (or the Trustee's)
ability to recover such Nonrecoverable Advance, (2) changed circumstances or new
or different information becomes known to the Master Servicer (or the Trustee)
that could affect or cause a determination of whether any Advance is a
Nonrecoverable Advance, whether to defer reimbursement of a Nonrecoverable
Advance or the determination in clause (1) above, or (3) the Master Servicer has
not timely received from the Trustee information requested by such Master
Servicer to consider in determining whether to defer reimbursement of a
Nonrecoverable Advance (or the Trustee has not timely received from the Master
Servicer information requested by the Trustee to consider in determining whether
to defer reimbursement of a Nonrecoverable Advance); provided, however, that, if
clause (1), (2) or (3) apply, the Master Servicer (or, if applicable, the
Trustee) shall use reasonable efforts to give Rating Agencies notice of an
anticipated reimbursement to it of Nonrecoverable Advances from amounts in the
Collection Account allocable to interest on the Mortgage Loans as soon as
reasonably practicable in such circumstances. The failure to give any notice
contemplated by this paragraph to the Rating Agencies shall not give rise to any
liability whatsoever on the part of the Master Servicer or Trustee, shall not
constitute an Event of Default hereunder and shall not be a condition for
reimbursement of a Nonrecoverable Advance.

            (b) The Trustee shall, from time to time, make or be deemed to make
withdrawals from the Lower-Tier Distribution Account for each of the following
purposes (the order set forth below not constituting an order of priority for
such withdrawals):

            (i) to make distributions or deemed distributions of the Lower-Tier
      Distribution Amount pursuant to Section 3.04(g) and Section 4.01 and the
      amount of any Yield Maintenance Charges distributable pursuant to Section
      4.01(c) to the Upper-Tier Distribution Account;

            (ii) to pay itself or any of its directors, officers, employees and
      agents, as the case may be, any amounts payable or reimbursable to any
      such Person pursuant to Section 8.05, including the Trustee Fee;

            (iii) [reserved]

            (iv) [reserved]

            (v) to pay for the cost of the Opinions of Counsel contemplated by
      Section 11.01(a) or Section 11.01(c) in connection with any amendment to
      this Agreement requested by the Trustee;

            (vi) to pay any and all federal, state and local taxes imposed the
      Upper-Tier REMIC or Lower-Tier REMIC created hereunder, together with all
      incidental costs and expenses, and any and all expenses relating to tax
      audits, if and to the extent that either (A) none of the parties hereto
      are liable therefor pursuant to Section 10.01(b) and/or Section 10.01(f)
      or (B) any such Person that may be so liable has failed to timely make the
      required payment;

            (vii) to recoup any amounts deposited in the Distribution Account in
      error;

            (viii) to pay the Trustee any Net Investment Earnings on funds in
      the Distribution Account pursuant to Section 3.06;

            (ix) to transfer or be deemed to transfer Interest Reserve Amounts
      in respect of the Interest Reserve Mortgage Loans to the Interest Reserve
      Account as and when required by Section 3.04(c); and

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

            (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 A-MFL
Certificates, Class S Certificates and Class LR Certificates) on each
Distribution Date pursuant to Section 4.01 or Section 9.01, as applicable; (ii)
to make or be deemed to make distributions to the Floating Rate Account in
respect of the Class A-MFL Regular Interest pursuant to Section 3.04(g) and
Section 4.01 or Section 9.01, as applicable; (iii) to recoup any amounts
deposited in the Upper Tier Distribution Account in error; and (iv) to clear and
terminate the Upper Tier Distribution Account at the termination of this
Agreement pursuant to Section 9.01.

            (d) Notwithstanding anything herein to the contrary, with respect to
any Mortgage Loan, if amounts on deposit in the Collection Account are not
sufficient to reimburse the full amount of, together with interest on, Advances
listed in Sections 3.05(a)(ii), (vi), (vii), (viii) and (xi), then
reimbursements shall be paid first to the Trustee and then to the Master
Servicer.

            (e) On the Master Servicer Remittance Date in March of each year
(commencing in March 2008), and in any event on the Master Servicer Remittance
Date that occurs in the same calendar month as the Final Distribution Date, the
Trustee shall withdraw or be deemed to withdraw from the Interest Reserve
Account and deposit or be deemed to deposit in the Distribution Account all
Interest Reserve Amounts in respect of the Interest Reserve Mortgage Loans then
on deposit in the Interest Reserve Account.

            (f) On the Business Day prior to each Distribution Date, the Trustee
shall withdraw or be deemed to withdraw from the Excess Liquidation Proceeds
Account and deposit or be deemed to deposit in the 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 on
such Distribution Date pursuant to Sections 4.01(a) and 4.01(b), 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 Distribution Account, for distribution on
such Distribution Date, any and all amounts then on deposit in the Excess
Liquidation Proceeds Account. The Trustee shall, from time to time, make
withdrawals from the Excess Liquidation Proceeds Account to pay itself interest
or other income earned on deposits in the Excess Liquidation Proceeds Account,
in accordance with Section 3.06(b) (but only to the extent of the Net Investment
Earnings, if any, with respect to the Excess Liquidation Proceeds Account for
each Collection Period).

            (g) The Trustee may from time to time make withdrawals from the
Floating Rate Account for (but only for) the following purposes:

            (i) to make regularly scheduled payments of the Class A-MFL Net
      Fixed Swap Payment to the Swap Counterparty pursuant to Section 3.28(e),
      to the extent such payment is required under the Swap Agreement;

            (ii) to make distributions to the Class A-MFL Certificateholders on
      each Distribution Date pursuant to Section 4.01(f);

            (iii) to pay itself Net Investment Earnings earned on funds held in
      the Floating Rate Account;

            (iv) to pay to the Persons entitled thereto any amounts deposited in
      the Floating Rate Account in error; and

            (v) to clear and terminate the Floating Rate Account pursuant to
      Section 9.01.

            (h) The Trustee, the Depositor, the Master Servicer and the Special
Servicer, as applicable, shall in all cases have a right prior to the
Certificateholders to any particular funds on deposit in a Collection Account
and the Distribution Account from time to time for the reimbursement or payment
of compensation, Advances (with interest thereon at the Reimbursement Rate) and
their respective expenses hereunder, but only if and to the extent such
compensation, Advances (with interest) and expenses are to be reimbursed or paid
from such particular funds on deposit in a Collection Account or the
Distribution Account pursuant to the express terms of this Agreement.

            Section 3.06 Investment of Funds in the Collection Account,
                         Servicing Accounts, Reserve Accounts,
                         Distribution Account, Interest Reserve Account,
                         Excess Liquidation Proceeds Account, Post-ARD
                         Additional Interest Distribution Account,
                         Floating Rate Account and the REO Account

            (a) The Master Servicer may direct (pursuant to a standing order or
otherwise) any depository institution (including the Trustee) maintaining a
Collection Account, any A/B Loan Pair Custodial Account, any Servicing Account,
the Special Reserve Account, the Purchase Price Security Deposit Account or any
Reserve Account held by it, and the Special Servicer may direct (pursuant to a
standing order or otherwise) any depository institution maintaining an REO
Account and the Trustee may direct (pursuant to a standing order or otherwise)
any depository institution maintaining the Distribution Account, the Interest
Reserve Account, the Excess Liquidation Proceeds Account, the Post-ARD
Additional Interest Distribution Account or the Floating Rate Account, to
invest, or if it is such depository institution, may itself invest, the funds
held therein (each such account, for purposes of this Section 3.06, an
"Investment Account") in (but only in) one or more Permitted Investments bearing
interest or sold at a discount, and maturing, unless payable on demand, 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 or the related Mortgage Loan Documents, as applicable, or with respect
to Permitted Investments of funds held in the Distribution Account no later than
12:00 p.m. on the next succeeding Distribution Date; provided that any such
investment of funds in any Servicing Account or Reserve Account shall be subject
to applicable law and the terms of the related Mortgage Loan Documents; and
provided, further, that the funds in any Investment Account shall remain
uninvested unless and until the Master Servicer, the Special Servicer or the
Trustee, as applicable, gives timely investment instructions with respect
thereto pursuant to this Section 3.06. 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 account held under this
Agreement by the Master Servicer) or the Special Servicer (in the case of the
REO Account), on behalf of the Trustee (in the case of any Trustee Account)
shall be the "entitlement holder," as such term is defined in the UCC, of any
Permitted Investment that is a "security entitlement," as such term is defined
in the UCC, and 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), the Special Servicer (in the case of
the REO Account) or the Trustee (in the case of any Trustee Account) shall:

            (x)   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 at least equal to the lesser of (1) all amounts then
                  payable thereunder and (2) the amount required to be withdrawn
                  on such date; and

            (y)   demand payment of all amounts due thereunder promptly upon
                  determination by the Master Servicer, such 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) Whether or not the Master Servicer directs the investment of
funds in a Collection Account or any A/B Loan Pair Custodial Account, interest
and investment income realized on funds deposited therein, to the extent of the
Net Investment Earnings, if any, for such Investment Account for each Collection
Period, shall be for the sole and exclusive benefit of such Master Servicer and
shall be subject to its withdrawal in accordance with Section 3.05(a). Whether
or not the Master Servicer directs the investment of funds in any Servicing
Account or Reserve Account maintained by it, interest and investment income
realized on funds deposited therein, to the extent of the Net Investment
Earnings, if any, for such Investment Account for each Collection Period, and
subject to the requirements of applicable law or the terms of the related
Mortgage Loan regarding the payment of such interest and investment income to
the related Borrower, shall be for the sole and exclusive benefit of the Master
Servicer and shall be subject to withdrawal from time to time in accordance with
Section 3.03. Whether or not the Special Servicer directs the investment of
funds in an REO Account, interest and investment income realized on funds
deposited therein, to the extent of the Net Investment Earnings, if any, for
such Investment Account for each Collection Period, shall be for the sole and
exclusive benefit of such Special Servicer and shall be subject to its
withdrawal in accordance with Section 3.16(b). Whether or not the Trustee
directs the investment of funds in the Distribution Account, the Interest
Reserve Account, the Excess Liquidation Proceeds Account, the Post-ARD
Additional Interest Distribution Account or the Floating Rate Account, interest
and investment income realized on funds deposited therein, to the extent of any
Net Investment Earnings, if any, for such Account for each Collection Period,
shall be for the sole and exclusive benefit of the Trustee and shall be subject
to its withdrawal in accordance with Section 3.05(b). If any loss shall be
incurred in respect of any Permitted Investment on deposit in any Investment
Account (other than a loss of what would otherwise have constituted investment
earnings), the Master Servicer (in the case of a Collection Account and any
Servicing Account or Reserve Account), the Special Servicer (in the case of an
REO Account) and the Trustee (in the case of the Distribution Account, the
Interest Reserve Account, the Excess Liquidation Proceeds Account, the Post-ARD
Additional Interest Distribution Account or the Floating Rate Account) shall
promptly deposit therein (or, solely to the extent that the loss is of an amount
credited to an A/B Loan Pair Custodial Account, deposit to the related A/B Loan
Pair Custodial Account, as the case may be) from its own funds, without right of
reimbursement, no later than the end of the Collection Period during which such
loss was incurred, the amount of the Net Investment Loss, if any, in respect of
such Investment Account for such Collection Period (or, in the case of a
Servicing Account or Reserve Account, the entire amount of such loss), except
(in the case of any such loss with respect to a Servicing Account or Reserve
Account) to the extent the loss amounts were invested for the benefit of a
Borrower under the terms of a Mortgage Loan or applicable law and such Borrower
has no recourse against the Trust in respect of such loss.

            (c) Except as otherwise expressly provided in this Agreement, if any
default occurs in the making of any payment due (or in any other performance
required) under any Permitted Investment, and if the Master Servicer (if such
default is in respect of a Permitted Investment of funds in a Collection Account
or in any Reserve Account or Servicing Account) or the Special Servicer (if such
default is in respect of a Permitted Investment of funds in an REO Account), as
applicable, is in default of its obligations under Section 3.06(b), the Trustee
may (and, subject to Section 8.02, upon the request of Holders of Certificates
entitled to not less than 25% of the Voting Rights allocated to any Class of
Regular Certificates, the Trustee shall) take such action as may be appropriate
to enforce such payment or performance, including the institution and
prosecution of appropriate legal proceedings. Any costs incurred by the Trustee
in taking any such action shall be reimbursed to it by the Master Servicer if
the default is in respect of a Permitted Investment of funds in a Collection
Account or in any Reserve Account or Servicing Account or by the Special
Servicer if the default is in respect of a Permitted Investment of funds in an
REO Account. This provision is in no way intended to limit any actions that the
Master Servicer or the Special Servicer may take in this regard at its own
expense.

            (d) Notwithstanding the investment of funds held in any Investment
Account, for purposes of the calculations hereunder, including the calculation
of the Available Distribution Amount and the Master Servicer Remittance Amount,
the amounts so invested shall be deemed to remain on deposit in such Investment
Account.

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

            (a) The Master Servicer shall use reasonable efforts consistent with
the Servicing Standard to cause each Borrower to maintain from Qualified
Insurers, and, if the Borrower does not so maintain, such Master Servicer will
itself cause to be maintained, for each Mortgaged Property (including each
Mortgaged Property relating to any Specially Serviced Mortgage Loan) all
insurance coverage as is required, subject to applicable law, under the related
Mortgage Loan Documents; provided that, if and to the extent that any such
Mortgage permits the holder thereof any discretion (by way of consent, approval
or otherwise) as to the insurance coverage that the related Borrower is required
to maintain, such Master Servicer shall exercise such discretion in a manner
consistent with the Servicing Standard (taking into account the insurance in
place at the closing of the related Mortgage Loan), with a view towards
requiring insurance comparable to that required under other Mortgage Loans with
express provisions governing such matters and, in any event, business
interruption or rental loss insurance for at least 12 months; and provided,
further, that, if and to the extent that any such Mortgage so permits, the
related Borrower shall be required to obtain the required insurance coverage
from Qualified Insurers that, in each case, have a financial strength or
claims-paying rating no lower than two rating categories below the highest rated
Certificates outstanding, and in any event no lower than "A" from Fitch and "A2"
from Moody's (or in such other form and amount or issued by an insurer with such
other financial strength or claims-paying ability as would not, as confirmed in
writing by the relevant Rating Agency, result in an Adverse Rating Event); and
provided, further, that such Master Servicer shall be required to maintain such
insurance coverage upon the related Borrower's failure to do so only to the
extent that (i) the Trustee as mortgagee has an insurable interest, (ii) such
insurance is available at commercially reasonable rates (as determined by the
Special Servicer and approved by the Controlling Class Representative, subject
to Section 3.24(b)) and (iii) any related Servicing Advance is deemed by the
Master Servicer to be recoverable from collections on the related Mortgage Loan;
provided, that if such Servicing Advance is deemed nonrecoverable the Master
Servicer (or, at the direction of the Special Servicer if a Specially Serviced
Mortgage Loan or an REO Property is involved) shall pay such amounts out of the
applicable Collection Account provided, further, that the Master Servicer (or
the Special Servicer, if a Specially Serviced Mortgage Loan or an REO Property
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), as evidenced in each case by any Officer's Certificate
delivered promptly to the Trustee, the Depositor and the Controlling Class
Representative, setting forth the basis for such determination and accompanied
by any information that such Person may have obtained that supports such
determination. Subject to Section 3.17(b), the Special Servicer shall also cause
to be maintained for each REO Property no less insurance coverage (to the extent
available at commercially reasonable rates, as determined by the Special
Servicer with the consent of the Controlling Class Representative, subject to
Section 3.24(b)) than was previously required of the Borrower under the related
Mortgage and, at a minimum, (i) hazard insurance with a replacement cost rider,
(ii) business interruption or rental loss insurance for at least 12 months, and
(iii) commercial general liability insurance, in each case, in an amount
customary for the type and geographic location of such REO Property and
consistent with the Servicing Standard; provided that all such insurance shall
be obtained from Qualified Insurers that, in each case, shall have a financial
strength or claims-paying rating no lower than two rating categories below the
highest rated Certificates outstanding, and in any event no lower than "A" from
Fitch and "A2" from Moody's (or in such other form and amount or issued by an
insurer with such other financial strength or claims-paying ability as would
not, as confirmed in writing by the relevant Rating Agency, result in an Adverse
Rating Event). All such insurance policies shall contain (if they insure against
loss to property) 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 Mortgage Loans), or shall name the Trustee as the insured, with loss
payable to the Special Servicer on behalf of the Trustee (in the case of
insurance maintained in respect of REO Properties), and shall be issued by an
insurer authorized under applicable law to issue such insurance. Any amounts
collected by the Master Servicer or the Special Servicer under any such 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) shall be
deposited in the Collection Account or any related A/B Loan Pair Custodial
Account, subject to withdrawal pursuant to Section 3.05(a), in the case of
amounts received in respect of a Mortgage Loan, or in the REO Account, subject
to withdrawal pursuant to Section 3.16(c), in the case of amounts received in
respect of an REO Property. Any cost incurred by the Master Servicer or the
Special Servicer in maintaining any such insurance shall not, for purposes
hereof, including calculating monthly distributions to Certificateholders, be
added to unpaid principal balance or Stated Principal Balance of the related
Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit;
provided, however, that this sentence shall not limit the rights of the Master
Servicer on behalf of the Trust to enforce any obligations of the related
Borrower under such Mortgage Loan. Costs to the Master Servicer or the Special
Servicer of maintaining insurance policies and enforcing the obligations of
Borrowers pursuant to this Section 3.07 shall be paid by and reimbursable to
such Master Servicer or Special Servicer, as applicable, as a Servicing Advance.

            Subject to the preceding paragraph, the Master Servicer shall use
reasonable efforts to cause the Borrower to maintain or, if the Borrower does
not so maintain, the Master Servicer will maintain all-risk casualty insurance
or extended coverage insurance (with special form coverage) (the cost of which
will be payable as a Servicing Advance), which does not contain any carve-out
for terrorist or similar acts; provided, however, the Master Servicer shall not
require any Borrower to obtain or maintain insurance in excess of the amounts of
coverage and deductibles required by the related Mortgage Loan Documents or the
related Mortgage Loan Seller in connection with the origination of a Mortgage
Loan unless such Master Servicer determines, in accordance with the Servicing
Standard, that such insurance required at origination would not be prudent for
Mortgaged Property of the same type as the related Mortgaged Property. The
Master Servicer shall not be required to call a default under a Mortgage Loan if
the related Borrower fails to maintain such insurance, and the Master Servicer
shall not be required to maintain such insurance, to the extent, if any, that
the cost of such insurance exceeds the maximum cost that the related Borrower is
required to incur under the related Mortgage Loan Documents, or if the Special
Servicer has determined in accordance with the Servicing Standard that either
(i) such insurance is not available at commercially reasonable rates or 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 (which determination shall be subject to the
approval of the Controlling Class Representative, subject to the limitations of
Section 3.24(b)), or (ii) such insurance is not available at any rate.

            (b) If the Master Servicer or the Special Servicer shall obtain and
maintain, or cause to be obtained and maintained, a blanket policy or master
force placed policy insuring against hazard losses on all of the Mortgage Loans
or REO Properties, as applicable, that it is required to service and administer,
then, to the extent such policy (i) is obtained from a Qualified Insurer having
a financial strength or claims-paying rating no lower than "A" from Fitch and
"A2" from Moody's or having such other financial strength or claims-paying
ability rating as would not, as confirmed in writing by the relevant Rating
Agency, result in an Adverse Rating Event, and (ii) provides protection
equivalent to the individual policies otherwise required, such Master Servicer
or Special Servicer, as the case may be, shall conclusively be deemed to have
satisfied its obligation to cause hazard insurance to be maintained on the
related Mortgaged Properties or REO Properties, as applicable. Such policy may
contain a deductible clause (not in excess of a customary amount), in which case
the Master Servicer or the Special Servicer, as appropriate, shall, if there
shall not have been maintained on the related Mortgaged Property or REO Property
a hazard insurance policy complying with the requirements of Section 3.07(a),
and there shall have been one or more losses that would have been covered by
such an individual policy, promptly deposit into the Collection Account from its
own funds the amount not otherwise payable under the blanket or master force
placed policy in connection with such loss or losses because of such deductible
clause to the extent that any such deductible exceeds the deductible limitation
that pertained to the related Mortgage Loan (or, in the absence of any such
deductible limitation, the deductible limitation for an individual policy which
is consistent with the Servicing Standard). The Master Servicer or the Special
Servicer, as appropriate, shall prepare and present, on behalf of itself, the
Trustee and Certificateholders, claims under any such blanket or master force
placed policy in a timely fashion in accordance with the terms of such policy.

            (c) Promptly after (but in no event more than 30 days after) the
Closing Date, with respect to each of the Mortgage Loans covered by an
Environmental Insurance Policy as identified on Exhibit B-4, the Master Servicer
shall notify the insurer under such Environmental Insurance Policy and take all
other action necessary for the Trustee, on behalf of the Certificateholders, to
be an insured (and for such Master Servicer, on behalf of the Trust, to make
claims) under such Environmental Insurance Policy. In the event that 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 Mortgage Loan covered thereby, such Master Servicer shall, in accordance
with the terms of such Environmental Insurance Policy and the Servicing
Standard, timely make a claim thereunder with the appropriate insurer and shall
take such other actions in accordance with the Servicing Standard which are
necessary under such Environmental Insurance Policy in order to realize the full
value thereof for the benefit of the Certificateholders. If any other party
hereto has actual knowledge of an Insured Environmental Event with respect to
any Mortgage Loan covered by an Environmental Insurance Policy to this
Agreement, such party shall promptly so notify the Master Servicer. Any legal
fees, premiums or other out-of-pocket costs incurred in accordance with the
Servicing Standard in connection with any such claim under an Environmental
Insurance Policy shall be paid by the Master Servicer and shall be reimbursable
to it as a Servicing Advance. With respect to each Environmental Insurance
Policy that relates to one or more Mortgage Loans, the Master Servicer shall
review and familiarize itself with the terms and conditions relating to
enforcement of claims and shall monitor the dates by which any claim must be
made or any action must be taken under such policy to realize the full value
thereof for the benefit of the Certificateholders in the event the Master
Servicer has actual knowledge of an Insured Environmental Event giving rise to a
claim under such policy.

            In the event that the Master Servicer receives notice of any
termination of any Environmental Insurance Policy that relates to one or more
Mortgage Loans, such Master Servicer shall, within five Business Days after
receipt of such notice, notify the Special Servicer, the Controlling Class
Representative, the Rating Agencies and the Trustee of such termination in
writing. Upon receipt of such notice, such Master 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
Mortgage Loan Documents. Any legal fees, premiums or other out-of-pocket costs
incurred in accordance with the Servicing Standard in connection with a
resolution of such termination of an Environmental Insurance Policy shall be
paid by the Master Servicer and shall be reimbursable to it as a Servicing
Advance.

            (d) The Master Servicer and the Special Servicer shall at all times
during the term of this Agreement (or, in the case of the Special Servicer, at
all times during the term of this Agreement during which Specially Serviced
Mortgage Loans or REO Properties exist as part of the Trust Fund) keep in force
with a Qualified Insurer having a financial strength or claims-paying rating no
lower than two rating categories below the highest rated Certificates
outstanding, and in any event no lower than "A" from Fitch and "A2" from
Moody's, a fidelity bond in such form and amount as would permit it to be a
qualified Fannie Mae seller-servicer of multifamily mortgage loans (or in such
other form and amount or issued by an insurer with such other financial strength
or claims-paying ability rating as would not result in an Adverse Rating Event
with respect to any Class of Rated Certificates (as confirmed in writing to the
Trustee by the relevant Rating Agency)). The Master Servicer and the Special
Servicer shall be deemed to have complied with the foregoing provision if an
Affiliate thereof has such fidelity bond coverage and, by the terms of such
fidelity bond, the coverage afforded thereunder extends to the Master Servicer
or the Special Servicer, as the case may be. Such fidelity bond shall provide
that it may not be canceled without ten days' prior written notice to the
Trustee.

            The Master Servicer and the Special Servicer shall at all times
during the term of this Agreement (or, in the case of the Special Servicer, at
all times during the term of this Agreement during which Specially Serviced
Mortgage Loans and/or REO Properties exist as part of the Trust Fund) also keep
in force with a Qualified Insurer having a financial strength or claims-paying
rating no lower than two rating categories below the highest rated Certificates
outstanding, and in any event no lower than "A" from Fitch and "A2" from
Moody's, a policy or policies of insurance covering loss occasioned by the
errors and omissions of its officers and employees in connection with its
servicing obligations hereunder, which policy or policies shall be in such form
and amount as would permit it to be a qualified Fannie Mae seller-servicer of
multifamily mortgage loans (or in such other form and amount or issued by an
insurer with such other financial strength or claims-paying rating as would not
result in an Adverse Rating Event with respect to any Class of Rated
Certificates (as confirmed in writing to the Trustee by the relevant Rating
Agency)). The Master Servicer and the Special Servicer shall be deemed to have
complied with the foregoing provisions if an Affiliate thereof has such
insurance and, by the terms of such policy or policies, the coverage afforded
thereunder extends to the Master Servicer or the Special Servicer, as the case
may be. Any such errors and omissions policy shall provide that it may not be
canceled without ten days' prior written notice to the Trustee.

            Section 3.08 Enforcement of Alienation Clauses

            The Master Servicer (with respect to Performing Mortgage Loans) and
the Special Servicer (with respect to Specially Serviced Mortgage Loans), on
behalf of the Trustee as the mortgagee of record, shall enforce any
restrictions, contained in the related Mortgage or other related Mortgage Loan
Document on transfers or further encumbrances of the related Mortgaged Property
and on transfers or encumbrances of interests in the related Borrower, unless
the Master Servicer or the Special Servicer, as the case may be, has determined,
in its reasonable judgment, that waiver of such restrictions would be in
accordance with the Servicing Standard; provided that, subject to the related
Mortgage Loan Documents and applicable law, neither the Master Servicer nor the
Special Servicer shall waive any right it has, or grant any consent it is
otherwise entitled to withhold, under any related "due-on-sale" clause or
"due-on-encumbrance" clause until it has received written confirmation from each
Rating Agency that such action would not result in an Adverse Rating Event with
respect to any Class of Rated Certificates, if (but only if) with respect to a
"due-on-sale" clause, such "due-on-sale" clause involves any Mortgage Loan that,
individually or together with all other Mortgage Loans, if any, that are in the
same Cross-Collateralized Group as such Mortgage Loan, with respect to Fitch or
Moody's, has an original principal balance that is one of the ten highest
original principal balances in the Mortgage Pool or, with respect to the
enforcement of a "due-on-encumbrance" clause, such Mortgage Loan or group of
Cross-Collateralized Mortgage Loans, with respect to Fitch, either (A) has an
original principal balance that is one of the ten highest original principal
balances in the Mortgage Pool or (B) by itself, or as part of a Crossed Mortgage
Loan group or group of Mortgage Loans with affiliated Borrowers has (a) a
Loan-to-Value Ratio equal to or greater than 85% or (b) a Debt Service Coverage
Ratio equal to or less than 1.2x (in each case, treating the existing debt on
the subject Mortgaged Property and the proposed additional debt as if such total
debt were a single Mortgage Loan) or, with respect to Moody's, has an original
principal balance that is one of the ten highest original principal balances in
the Mortgage Pool, and provided, further, that the Master Servicer shall not
waive any right it has, or grant any consent it is otherwise entitled to
withhold under any "due-on-sale" or "due-on-encumbrance" clause under any
Mortgage Loan until it has received the consent of the Special Servicer (the
giving of which consent shall be subject to Section 3.24; and provided, further,
that, subject to the related Mortgage Loan Documents and applicable law, neither
such Master Servicer nor such Special Servicer shall waive any right it has, or
grant any consent it is otherwise entitled to withhold, under any related
"due-on-sale" or "due-on-encumbrance" clause under any Mortgage Loan, or approve
the assumption of any Mortgage Loan, unless in any such case, all associated
costs and expenses are covered without any expense to the Trust (it being
understood and agreed that, except as expressly provided herein, neither such
Special Servicer nor such Master Servicer shall be obligated to cover or assume
any such costs or expenses); and provided, further, that neither the Master
Servicer nor the Special Servicer shall (to the extent that it is within the
control thereof to prohibit such event) consent to the transfer of any Mortgaged
Property which secures a Cross-Collateralized Group unless (i) all of the
Mortgaged Properties securing such Cross-Collateralized Group are transferred
simultaneously by the respective Borrower or (ii) it obtains the consent of the
Controlling Class Representative, subject to the limitations of Section 3.24(b).
The Master Servicer and the Special Servicer shall each provide the other and
the Controlling Class Representative with all such information as each may
reasonably request in order to make any determination required under this
paragraph.

            In connection with any permitted assumption of any Mortgage Loan or
waiver of a "due-on-sale" or "due-on-encumbrance" clause thereunder, the Master
Servicer (in the case of a Performing Mortgage Loan ) or the Special Servicer
(in the case of a Specially Serviced Mortgage Loan) shall prepare all documents
necessary and appropriate for such purposes and shall coordinate with the
related Borrower for the due execution and delivery of such documents.

            Notwithstanding the foregoing, it is hereby acknowledged that the
Column Primary Servicer will perform the Master Servicer's duties under this
Section 3.08 with respect to the Column Serviced Loans pursuant to and in
accordance with the related Designated Sub-Servicing Agreement, and that the
Master Servicer shall have no obligation to approve or oversee the performance
of any such duties by the Column Primary Servicer. The Master Servicer shall
have no liability for any claims, losses, damages, penalties, fines,
forfeitures, reasonable legal fees and expenses and related costs, judgments or
other costs and expenses arising from (i) a breach of such duties by the Column
Primary Servicer or (ii) negligence, bad faith or willful misconduct in the
performance of such duties by the Column Primary Servicer.

            If the Master Servicer or the Special Servicer collects an
assumption fee or an assumption application fee in connection with any transfer
or proposed transfer of any interest in a Borrower or a Mortgaged Property, then
such Master Servicer or such Special Servicer, as applicable, will apply that
fee to cover the costs and expenses associated with that transfer or proposed
transfer that are not otherwise paid by the related Borrower and that would
otherwise be payable or reimbursable out of the Trust Fund, including any Rating
Agency fees and expenses, to the extent such fees and expenses are expressly
required to be paid by the related Borrower under the related Mortgage Loan
Document or applicable law. Any remaining portion of such assumption fee (such
remaining portion, a "Net Assumption Fee") or of such assumption application fee
(such remaining portion, a "Net Assumption Application Fee") will be applied as
additional compensation to the Master Servicer or the Special Servicer in
accordance with Section 3.11. Neither the Master Servicer nor the Special
Servicer shall waive any assumption fee or assumption application fee, to the
extent it would constitute additional compensation for the other such party,
without the consent of such other party.

            Section 3.09 Realization Upon Defaulted Mortgage Loans

            (a) The Special Servicer shall, subject to Sections 3.09(b),
3.09(c), 3.09(d) and 3.24, exercise reasonable efforts, consistent with the
Servicing Standard, to foreclose upon or otherwise comparably convert the
ownership of the real property and other collateral securing any Mortgage Loan
that comes into and continues in default and as to which no satisfactory
arrangements can be made for collection of delinquent payments, including
pursuant to Section 3.20; provided that the Master Servicer shall not, with
respect to any ARD Mortgage Loan after its Anticipated Repayment Date, take any
enforcement action with respect to the payment of Post-ARD Additional Interest
(other than the making of requests for its collection), and such Special
Servicer may do so only if (i) the taking of an enforcement action with respect
to the payment of other amounts due under such Mortgage Loan is, in the
reasonable judgment of the Special Servicer, and without regard to such Post-ARD
Additional Interest, also necessary, appropriate and consistent with the
Servicing Standard or (ii) all other amounts due under such Mortgage Loan have
been paid, the payment of such Post-ARD Additional Interest has not been
forgiven in accordance with Section 3.20 and, in the reasonable judgment of the
Special Servicer, the Liquidation Proceeds expected to be recovered in
connection with such enforcement action will cover the anticipated costs of such
enforcement action and, if applicable, any associated Advance Interest. In
connection with the foregoing, in the event of a default under any Mortgage Loan
or Cross-Collateralized Group that is secured by real properties located in
multiple states, and such states include California or another state with a
statute, rule or regulation comparable to California's "one action rule," then
the Special Servicer shall consult Independent counsel regarding the order and
manner in which such Special Servicer should foreclose upon or comparably
proceed against such properties. The reasonable costs of such consultation shall
be paid by, and reimbursable to, the Master Servicer as a Servicing Advance. In
addition, all other costs and expenses incurred in any foreclosure sale or
similar proceeding shall be paid by, and reimbursable to, the Master Servicer as
a Servicing Advance. Nothing contained in this Section 3.09 shall be construed
so as to require the Special Servicer, on behalf of the Trust, 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 such Special
Servicer taking into account the factors described in Section 3.18 and the
results of any appraisal obtained pursuant to the following sentence or
otherwise, all such cash bids to be made in a manner consistent with the
Servicing Standard. If and when the Special Servicer deems it necessary in
accordance with the Servicing Standard for purposes of establishing the fair
market value of any Mortgaged Property securing a defaulted Mortgage Loan,
whether for purposes of bidding at foreclosure or otherwise, such Special
Servicer is authorized to have an Appraisal completed with respect to such
property (the cost of which appraisal shall be paid by, and reimbursable to, the
Master Servicer as a Servicing Advance). The Master Servicer shall not foreclose
upon or otherwise comparably convert, including by taking title thereto, any
real property or other collateral securing a defaulted Mortgage Loan.

            (b) Notwithstanding any other provision of this Agreement, no
Mortgaged Property shall be acquired by the Special Servicer on behalf of the
Trust under such circumstances, in such manner or pursuant to such terms as
would (i) cause such Mortgaged Property to fail to qualify for purposes of
Section 860D(a) of the Code as "foreclosure property" within the meaning of
Section 860G(a)(8) of the Code (unless the portion of such REO Property that is
not treated as "foreclosure property" and that is held by the Lower-Tier REMIC
at any given time constitutes not more than a de minimis amount of the assets of
such Lower-Tier REMIC within the meaning of Treasury Regulations Section
1.860D-1(b)(3)(i) and (ii)), or (ii) except as permitted by Section 3.17(a),
subject the Trust to the imposition of any federal income or prohibited
transaction taxes under the Code. Subject to the foregoing, however, a Mortgaged
Property may be acquired through a single member limited liability company. In
addition, except as permitted under Section 3.17(a), the Special Servicer shall
not acquire any personal property on behalf of the Trust 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 such Special
      Servicer; or

            (ii) such Special Servicer shall have obtained an Opinion of Counsel
      (the cost of which shall be paid by and reimbursable to the Master
      Servicer as a Servicing Advance) to the effect that the holding of such
      personal property as part of the Trust Fund will not result in an Adverse
      REMIC Event with respect to the Upper-Tier REMIC or the Lower-Tier REMIC
      or in an Adverse Grantor Trust Event with respect to the Grantor Trust
      Pool.

            (c) Notwithstanding the foregoing provisions of this Section 3.09,
neither the Master Servicer nor the Special Servicer shall, on behalf of the
Trust, obtain title to a Mortgaged Property by foreclosure, deed 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 (and, in the case of an A/B Loan Pair, the related B Loan
Holder) or any other specified person, could, in the reasonable judgment of the
Special Servicer, exercised in accordance with the Servicing Standard, 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:

            (i) such Special Servicer has previously determined in accordance
      with the Servicing Standard, based on a Phase I Environmental Assessment
      (and any additional environmental testing that the Special Servicer deems
      necessary and prudent) of such Mortgaged Property conducted by an
      Independent Person who regularly conducts Phase I Environmental
      Assessments and performed during the 12-month period preceding any such
      acquisition of title or other action, that (x) the Mortgaged Property is
      in compliance with applicable environmental laws and regulations and (y)
      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

            (ii) in the event that the determination described in clause (c)(i)
      above cannot be made, such Special Servicer has previously determined in
      accordance with the Servicing Standard, on the same basis as described in
      clause (c)(i) above, and taking into account the coverage provided under
      the related Environmental Insurance Policy, that it would maximize the
      recovery to the Certificateholders (and the B Loan Holder if in connection
      with a B Loan, taken as a collective whole) on a present value basis (the
      relevant discounting of anticipated collections that will be distributable
      to Certificateholders to be performed at the related Net Mortgage Rate) to
      acquire title to or possession of the Mortgaged Property and to take such
      remedial, corrective and/or other further actions as are necessary to
      bring the Mortgaged Property into compliance with applicable environmental
      laws and regulations and to appropriately address any of the circumstances
      and conditions referred to in clause (c)(i)(y) above.

            Any such determination by the Special Servicer contemplated by
clause (c)(i) or clause (c)(ii) of the preceding paragraph shall be evidenced by
an Officer's Certificate to such effect delivered to the Trustee, the Master
Servicer and the Controlling Class Representative, specifying all of the bases
for such determination, such Officer's Certificate to be accompanied by all
related environmental reports. The cost of such Phase I Environmental Assessment
and any such additional environmental testing shall be advanced by the Master
Servicer at the direction of the Special Servicer given in accordance with the
Servicing Standard; provided, however, that the Master Servicer shall not be
obligated in connection therewith to advance any funds which, if so advanced,
would constitute a Nonrecoverable Servicing Advance. Amounts so advanced shall
be subject to reimbursement as Servicing Advances in accordance with Section
3.05(a). The cost of any remedial, corrective or other further action
contemplated by clause (c)(ii) of the preceding paragraph shall be payable out
of the Master Servicer's Collection Account pursuant to Section 3.05.

            (d) If neither of the conditions set forth in clauses (i) and (ii)
of the first paragraph of Section 3.09(c) has been satisfied with respect to any
Mortgaged Property securing a defaulted Mortgage Loan, the Special Servicer
shall take such action as is in accordance with the Servicing Standard (other
than proceeding against the Mortgaged Property) and, at such time as it deems
appropriate, may, on behalf of the Trust, release all or a portion of such
Mortgaged Property from the lien of the related Mortgage.

            (e) The Special Servicer shall provide written reports to the
Trustee, the Master Servicer and the Controlling Class Representative monthly in
writing as to any actions taken by such Special Servicer with respect to any
Mortgaged Property as to which neither of the conditions set forth in clauses
(i) and (ii) of the first paragraph of Section 3.09(c) has been satisfied, in
each case until the earliest to occur of satisfaction of either of such
conditions, release of the lien of the related Mortgage on such Mortgaged
Property and the related Mortgage Loan's becoming a Corrected Mortgaged Loan.

            (f) The Special Servicer shall have the right to determine, in
accordance with the Servicing Standard, the advisability of seeking to obtain a
deficiency judgment if the state in which the Mortgaged Property is located and
the terms of the Mortgage Loan permit such an action and shall, in accordance
with the Servicing Standard, seek such deficiency judgment if it deems
advisable.

            (g) Annually in each January, the Special Servicer shall on a timely
basis forward to the Master Servicer, who shall promptly file same with the IRS
on a timely basis, the information returns with respect to the reports of
foreclosures and abandonments and reports relating to any cancellation of
indebtedness income with respect to any Mortgaged Property required by Sections
6050H (as applicable), 6050J and 6050P of the Code. Contemporaneously, the
Special Servicer shall deliver to the Master Servicer, who shall promptly
forward it to the Trustee, an Officer's Certificate stating that all such
information returns relating to Specially Serviced Mortgage Loans and REO
Properties that were required to be filed during the prior twelve (12) months
have been properly completed and timely provided to such Master Servicer. The
Master Servicer shall prepare and file the information returns with respect to
the receipt of any mortgage interest received in a trade or business from
individuals with respect to any Mortgage Loan as required by Section 6050H of
the Code. All information returns shall be in form and substance sufficient to
meet the reporting requirements imposed by the relevant sections of the Code.

            (h) Within three Business Days from the date on which the Special
Servicer makes a Final Recovery Determination with respect to any Mortgage Loan
or related REO Property, it shall deliver to the Trustee, the Master Servicer
and the Controlling Class Representative an Officer's Certificate evidencing
such determination. The Special Servicer shall maintain accurate records,
prepared by a Servicing Officer, of each such Final Recovery Determination (if
any) and the basis thereof.

            Section 3.10 Trustee to Cooperate; Release of Mortgage Files

            (a) Upon the payment in full of any Mortgage Loan, the purchase of
an A Loan by a related B Loan Holder pursuant to the related A/B Intercreditor
Agreement, the purchase of any Mortgage Loan by the holder of a related
mezzanine loan in connection with a default pursuant to any related mezzanine
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 promptly notify the Trustee and request
delivery of the related Mortgage File and, in the case of the payment in full of
any B Loan or the purchase thereof by the holder of a related mezzanine loan,
the Master Servicer or the Special Servicer, as the case may be, shall promptly
so notify each related B Loan Holder and request delivery to it of the related
Note. 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 or an A/B Loan Pair
Custodial Account, as applicable pursuant to Section 3.04, 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 or Special 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 or the Special 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 or any A/B Loan Pair Custodial Account.

            (b) From time to time as is appropriate for servicing or foreclosure
of any Mortgage Loan, the Master Servicer or the Special Servicer, as
applicable, 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 five 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 the lien of a Mortgage, 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 and, if applicable, the related B
Loan Holder(s) 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 or any related B Loan Holder 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, in the case of an
A/B Loan Pair, the related B Loan Holder(s)) (as a collective whole) and that
the execution and delivery thereof by the Trustee and any related B Loan Holder,
as the case may be, 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. Any power of attorney granted by the Trustee to
the Special Servicer in accordance with Section 3.01(b) may allow for the
Special Servicer (subject to the limitations on the use of such power of
attorney, as described in Section 3.01(b)) to take action on behalf of the
Trustee with respect to the matters described in this Section 3.10(c).

            (d) From time to time as is appropriate for servicing or foreclosure
of any B Loan, the Master Servicer or Special Servicer, as applicable, subject
to the related intercreditor, co-lender or similar agreement, shall request the
original of the related Note from the related B Loan Holder.

            Section 3.11 Master Servicing and Special Servicing Compensation;
                         Interest on and Reimbursement of Servicing
                         Advances; Payment of Certain Expenses;
                         Obligations of the Trustee Regarding Back-up
                         Servicing Advances

            (a) As compensation for its activities hereunder, the Master
Servicer shall be entitled to receive the Master Servicing Fee with respect to
each Mortgage Loan and each REO Mortgage Loan. As to each such Mortgage Loan and
REO Mortgage Loan, the Master Servicing Fee shall accrue each calendar month (or
portion thereof), commencing on the respective March 2007 Cut-off Date, at the
related Master Servicing Fee Rate on the same principal amount as interest
accrues from time to time during such calendar month (or portion thereof) on
such Mortgage Loan or is deemed to accrue from time to time during such calendar
month (or portion thereof) on such REO Mortgage Loan, as the case may be, and
shall be calculated on the same Interest Accrual Basis as is applicable for such
Mortgage Loan or REO Mortgage Loan, as the case may be. The Master Servicing Fee
with respect to any Mortgage Loan or REO Mortgage Loan shall cease to accrue if
a Liquidation Event occurs in respect thereof. Master Servicing Fees earned with
respect to any Mortgage Loan or REO Mortgage Loan shall be payable monthly from
payments of interest on such Mortgage Loan or REO Revenues allocable as interest
on such REO Mortgage Loan, as the case may be. The Master Servicer shall be
entitled to recover unpaid Master Servicing Fees in respect of any Mortgage Loan
or REO Mortgage Loan out of the portion any related Insurance Proceeds,
Condemnation Proceeds or Liquidation Proceeds allocable as interest on such
Mortgage Loan or REO Mortgage Loan, as the case may be.

            (b) Subject to offset as provided in Section 3.02, the Master
Servicer shall be entitled to receive the following items as additional
servicing compensation with respect to the Mortgage Loans (the following items,
collectively, "Additional Master Servicing Compensation"):

            (i) any and all Net Default Charges collected with respect to a
      Performing Mortgage Loan;

            (ii) 100% of any and all Net Assumption Application Fees and
      defeasance fees and 50% of Net Assumption Fees, modification fees,
      extension fees, consent fees, waiver fees and earn-out fees actually paid
      by a Borrower with respect to a Performing Mortgage Loan;

            (iii) any and all charges for beneficiary statements or demands,
      amounts collected for checks returned for insufficient funds and other
      loan processing fees actually paid by a Borrower with respect to a
      Performing Mortgage Loan and, in the case of checks returned for
      insufficient funds, with respect to a Specially Serviced Mortgage Loan;

            (iv) any and all Prepayment Interest Excesses and defeasance fees
      collected on the Mortgage Loans; and

            (v) interest or other income earned on deposits in the Investment
      Accounts maintained by such Master Servicer, in accordance with Section
      3.06(b) (but only to the extent of the Net Investment Earnings, if any,
      with respect to any such Investment Account for each Collection Period
      and, further, in the case of a Servicing Account or Reserve Account, only
      to the extent such interest or other income is not required to be paid to
      any Borrower under applicable law or under the related Mortgage).

            The Master Servicer shall not be entitled to any Master Servicing
Fees or any other compensation from the Trust Fund hereunder with respect to the
B Loans

            To the extent that any of the amounts described in the preceding
paragraph are collected by the Special Servicer, such Special Servicer shall
promptly pay such amounts to the Master Servicer.

            (c) As compensation for its activities hereunder, the Special
Servicer shall be entitled to receive monthly the Special Servicing Fee with
respect to each Specially Serviced Mortgage Loan and each REO Mortgage Loan. As
to each such Specially Serviced Mortgage Loan and REO Mortgage Loan, for any
particular calendar month or applicable portion thereof, the Special Servicing
Fee shall accrue at the Special Servicing Fee Rate on the same principal amount
as interest accrues from time to time during such calendar month (or portion
thereof) on such Specially Serviced Mortgage Loan or is deemed to accrue from
time to time during such calendar month (or portion thereof) on such REO
Mortgage Loan, as the case may be, and shall be calculated on the same Interest
Accrual Basis as is applicable for such Specially Serviced Mortgage Loan or REO
Mortgage Loan, as the case may be. The Special Servicing Fee with respect to any
Specially Serviced Mortgage Loan or REO Mortgage Loan shall cease to accrue as
of the date a Liquidation Event occurs in respect thereof or, in the case of a
Specially Serviced Mortgage Loan, as of the date it becomes a Corrected Mortgage
Loan. Earned but unpaid Special Servicing Fees shall be payable monthly out of
general collections on the Mortgage Loans, and any REO Properties relating
thereto, on deposit in the Collection Account pursuant to Section 3.05(a).

            As further compensation for its activities hereunder, the Special
Servicer shall be entitled to receive the Workout Fee with respect to each
Corrected Mortgage Loan. As to each such Corrected Mortgage Loan, the Workout
Fee shall be payable out of, and shall be calculated by application of the
Workout Fee Rate to, (i) each payment of interest (other than Default Interest
and Post-ARD Additional Interest) and principal received from the related
Borrower on such Mortgage Loan for so long as it remains a Corrected Mortgage
Loan and (ii) the interest (other than Advance Interest) and principal portions
of any Liquidation Proceeds received on such Mortgage Loan while it is a
Corrected Mortgage Loan in connection with the repurchase or replacement thereof
subsequent to the end of the applicable Initial Resolution Period and any
applicable Resolution Extension Period, as a result of a Material Breach or a
Material Document Defect, by the related Mortgage Loan Seller pursuant to the
related Mortgage Loan Purchase Agreement or, if applicable, by the Column
Performance Guarantor pursuant to the Column Performance Guarantee. The Workout
Fee with respect to any Corrected Mortgage Loan will cease to be payable if a
new Servicing Transfer Event occurs with respect thereto or if the related
Mortgaged Property becomes an REO Property; provided that a new Workout Fee
would become payable if and when such Mortgage Loan again became a Corrected
Mortgage Loan with respect to such new Servicing Transfer Event. If the Special
Servicer is terminated, including pursuant to Section 3.25, or resigns in
accordance with Section 6.04, it shall retain the right to receive any and all
Workout Fees payable in respect of (i) any Mortgage Loans for which it acted as
Special Servicer that became Corrected Mortgage Loans during the period that it
acted as Special Servicer and that were still Corrected Mortgage Loans at the
time of such termination or resignation and (ii) any Specially Serviced Mortgage
Loans with respect to which it acted as Special Servicer for which the Special
Servicer has resolved the circumstances and/or conditions causing any such
Mortgage Loan to be a Specially Serviced Mortgage Loan, but which had not as of
the time it was terminated or resigned become a Corrected Mortgage Loan solely
because the related Borrower had not made three consecutive timely Monthly
Payments and which subsequently becomes a Corrected Mortgage Loan as a result of
the related Borrower making such three consecutive timely Monthly Payments (and
the successor Special Servicer will 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 preceding sentence; provided that, in the case of
any Specially Serviced Mortgage Loan described in clause (ii) of this sentence,
the terminated Special Servicer shall immediately deliver the related Servicing
File to the Master Servicer, and such Master Servicer shall (without additional
compensation) monitor that all conditions precedent to such Mortgage Loan's
becoming a Corrected Mortgage Loan are satisfied and, further, shall immediately
transfer such Servicing File to the new Special Servicer if and when it becomes
apparent to such Master Servicer that such conditions precedent will not be
satisfied.

            As further compensation for its activities hereunder, the Special
Servicer shall also be entitled to receive a Liquidation Fee with respect to
each Specially Serviced Mortgage Loan or REO Property related thereto as to
which it receives any full, partial or discounted payoff from the related
Borrower or any Condemnation Proceeds or Liquidation Proceeds (other than any
Specially Serviced Mortgage Loan or REO Property that is (i) purchased by the
Special Servicer or any Holders of Certificate(s) of a Controlling Class or any
assignee of the foregoing pursuant to Section 3.18; provided that if any such
party assigns their Purchase Option to an unaffiliated third party without any
consideration therefor (other than nominal consideration), a Liquidation Fee
shall be payable, (ii) purchased by the Master Servicer, the Special Servicer or
any Certificateholder(s) of the Controlling Class pursuant to Section 9.01,
(iii) acquired by the Sole Certificateholder(s) in exchange for all the
Certificates pursuant to Section 9.01, (iv) purchased by the related B Loan
Holder pursuant to the related A/B Intercreditor Agreement so long as such
Specially Serviced Mortgage Loan or REO Property is purchased within 90 days of
the right to purchase arising (or any shorter time period specified in such
related A/B Intercreditor Agreement), (v) purchased by a mezzanine lender
pursuant to the terms of any related intercreditor agreement within 90 days (or
with respect to any Mortgage Loan, any shorter time frame as set forth in the
related intercreditor agreement) of such Mortgage Loan becoming a Specially
Serviced Mortgage Loan to the extent not collected from the related mezzanine
lender pursuant to the related intercreditor agreement or (vi) repurchased or
replaced no later than the end of the applicable Initial Resolution Period and
any applicable Resolution Extension Period, as a result of a Material Breach or
a Material Document Defect, by a Mortgage Loan Seller pursuant to the related
Mortgage Loan Purchase Agreement or by the Column Performance Guarantor pursuant
to the Column Performance Guarantee). As to each such Specially Serviced
Mortgage Loan or REO Property, the Liquidation Fee shall be payable out of, and
shall be calculated by application of the Liquidation Fee Rate to, any such
full, partial or discounted payoff, Condemnation Proceeds and/or Liquidation
Proceeds received or collected in respect thereof (other than any portion of
such payment or proceeds that represents Liquidation Expenses and Default
Charges). The Liquidation Fee with respect to any such Specially Serviced
Mortgage Loan will not be payable if such Mortgage Loan becomes a Corrected
Mortgage Loan.

            The Special Servicer's right to receive the Special Servicing Fee,
the Workout Fee and/or the Liquidation Fee may not be transferred in whole or in
part except in connection with the transfer of all of such Special Servicer's
responsibilities and obligations under this Agreement and except as otherwise
expressly provided herein.

            (d) Subject to offset as provided in Section 3.02, the Special
Servicer shall be entitled to receive the following items as additional special
servicing compensation with respect to the Specially Serviced Mortgage Loans or
REO Mortgage Loans and Performing Mortgage Loans (the following items,
collectively, the "Additional Special Servicing Compensation"):

            (i) any and all Net Default Charges collected with respect to a
      Specially Serviced Mortgage Loan or an REO Mortgage Loan;

            (ii) any and all Net Assumption Fees, Net Assumption Application
      Fees, modification fees, extension fees, consent fees, waiver fees,
      earn-out fees and charges for beneficiary statements or demands that are
      actually received on or with respect to Specially Serviced Mortgage Loans
      or REO Mortgage Loans;

            (iii) 50% of any and all Net Assumption Fees, modification fees,
      extension fees, consent fees, waiver fees and earn-out fees that are
      actually received on or with respect to a Performing Mortgage Loan; and

            (iv) interest or other income earned on deposits in the REO Account
      maintained by such Special Servicer, if established, in accordance with
      Section 3.06(b) (but only to the extent of the Net Investment Earnings, if
      any, with respect to the REO Account for each Collection Period).

            The Special Servicer shall be entitled to such compensation with
respect to the B Loans as is provided under the respective A/B Intercreditor
Agreements; provided that, in no such case, shall the payment of any such
compensation reduce amounts otherwise payable to the Certificateholders with
respect to the related A Loan.

            To the extent that any of the amounts described in the preceding
paragraph are collected by the Master Servicer with respect to Specially
Serviced Mortgage Loans, such Master Servicer shall promptly pay such amounts to
the Special Servicer and shall not be required to deposit such amounts in the
Collection Account pursuant to Section 3.04(a).

            (e) The Master Servicer and the Special Servicer shall be required
(subject to Section 3.11(h) below) to pay out of its own funds all expenses
incurred by it in connection with its servicing activities hereunder (including
payment of any amounts due and owing to any of Sub-Servicers retained by it
(including any termination fees) and the premiums for any blanket policy or the
standby fee or similar premium, if any, for any master force placed policy
obtained by it insuring against hazard losses pursuant to Section 3.07(b)), if
and to the extent such expenses are not payable directly out of a Collection
Account, A/B Loan Pair Custodial Account, Purchase Price Security Deposit
Account, Special Reserve Account, the Servicing Accounts, the Reserve Accounts
or the REO Account, and neither the Master Servicer nor the Special Servicer
shall be entitled to reimbursement for any such expense incurred by it except as
expressly provided in this Agreement. If the Master Servicer is required to make
any Servicing Advance hereunder at the discretion of the Special Servicer in
accordance with Section 3.19 or otherwise, such Special Servicer shall promptly
provide such Master Servicer with such documentation regarding the subject
Servicing Advance as the Master Servicer may reasonably request.

            (f) [Reserved]

            (g) The Master Servicer, the Special Servicer and the Trustee shall
each be entitled to receive interest at the Reimbursement Rate in effect from
time to time, accrued on the amount of each Servicing Advance made thereby (with
its own funds), for so long as such Servicing Advance is outstanding. Such
interest with respect to any Servicing Advances shall be payable: (i) first, in
accordance with Sections 3.05 and 3.26, out of any Default Charges subsequently
collected on or in respect of the particular Mortgage Loan or REO Mortgage Loan
as to which such Servicing Advance relates; and (ii) then, after such Servicing
Advance is reimbursed, but only if and to the extent that such Default Charges
are insufficient to cover such Advance Interest, out of general collections on
the Mortgage Loans and any REO Properties relating thereto, on deposit in the
Master Servicer's Collection Account. The Master Servicer shall reimburse
itself, the Special Servicer or the Trustee, as appropriate, for any Servicing
Advance made by any such Person with respect to any Mortgage Loan or REO
Property as soon as practicable after funds available for such purpose are
deposited in the Collection Account. The Master Servicer shall not be entitled
to Advance Interest to the extent a payment is received but is being held by the
Master Servicer in suspense. The Master Servicer shall reimburse itself, the
Special Servicer or the Trustee, as the case may be, for any outstanding
Servicing Advance made by the Master Servicer, the Special Servicer or the
Trustee as soon as practically possible after funds available for such purpose
are deposited in the Collection Account; provided that, upon a determination
that a previously made Servicing Advance is a Nonrecoverable Servicing Advance
with respect to any Mortgage Loan or REO Mortgage Loan the Master Servicer may
reimburse itself, the Special Servicer or the Trustee, as applicable,
immediately from general collections in the Collection Account (such
reimbursement to be deemed made first out of amounts distributable as
principal). Notwithstanding the foregoing, as contemplated by Section
3.05(a)(vii), instead of obtaining reimbursement out of general collections on
the Mortgage Pool immediately, if and to the extent that there are insufficient
amounts that would otherwise be distributable as principal to fully reimburse
such Nonrecoverable Servicing Advance, the Master Servicer, the Special Servicer
or the Trustee, as applicable, may, in its sole discretion, elect to obtain
reimbursement for such Nonrecoverable Servicing Advance over a period of time
(not to exceed 12 months), with interest thereon at the Reimbursement Rate
(except that at any time after such a determination to obtain reimbursement over
time in accordance with this proviso, the Master Servicer, the Special Servicer
or the Trustee, as applicable, may, in its sole discretion, decide to obtain
reimbursement from general collections on the Mortgage Pool immediately),
provided, however, that the Master Servicer, the Special Servicer or the
Trustee, as applicable, must reimburse itself to the extent of funds in the
Collection Account otherwise distributable as principal. The fact that a
decision to recover any Nonrecoverable Servicing Advance over time, or not to do
so, benefits some Classes of Certificateholders to the detriment of other
Classes shall not constitute a violation of the Servicing Standard by the Master
Servicer or the Special Servicer or a breach of any fiduciary duty owed to the
Certificateholders by the Trustee, or a breach of any other contractual
obligation owed to the Certificateholders by any party to this Agreement.

            (h) Notwithstanding anything to the contrary set forth herein, none
of the Master Servicer, the Special Servicer or the Trustee shall be required to
make any Servicing Advance that it determines in its reasonable judgment (in
accordance with the Servicing Standard in the case of the Master Servicer or
Special Servicer) would constitute a Nonrecoverable Servicing Advance. The
determination by any Person with an obligation hereunder to make Servicing
Advances that it has made a Nonrecoverable Servicing Advance or that any
proposed Servicing Advance, if made, would constitute a Nonrecoverable Servicing
Advance, shall be made by such Person in its reasonable judgment and shall be
evidenced by an Officer's Certificate delivered promptly to the Depositor, the
Trustee (unless it is the Person making such determination) and the Controlling
Class Representative setting forth the basis for such determination, accompanied
by a copy of an Appraisal of the related Mortgaged Property or REO Property
performed within the 12 months preceding such determination, and further
accompanied by any other information, including engineers' reports,
environmental surveys or similar reports, that such Person may have obtained and
that support such determination.

            In making such recoverability determination, such Person will be
entitled to (i) give due regard to the existence of any Nonrecoverable Advance
or Workout-Delayed Reimbursement Amount with respect to other Mortgage Loans,
the recovery of which, at the time of such consideration, is being deferred or
delayed by the Master Servicer, the Special Servicer or the Trustee, as
applicable, in light of the fact that proceeds on the related Mortgage Loan are
a source of recovery not only for the Servicing Advance under consideration, but
also as a potential source of recovery of such Nonrecoverable Advance or
Workout-Delayed Reimbursement Amount which is being or may be deferred or
delayed and (ii) consider (among other things) the obligations of the Borrower
under the terms of the related Mortgage Loan (or the related A/B Loan Pair, as
applicable) as it may have been modified, (iii) consider (among other things)
the related Mortgaged Properties in their "as is" or then current conditions and
occupancies, as modified by such party's assumptions (consistent with the
applicable Servicing Standard in the case of the Master Servicer or the Special
Servicer) regarding the possibility and effects of future adverse changes with
respect to such Mortgaged Properties, (iv) estimate and consider (consistent
with the Servicing Standard in the case of the Master Servicer or the Special
Servicer) (among other things) future expenses and (v) estimate and consider
(among other things) the timing of recoveries.

            If an Appraisal of the related Mortgaged Property shall not have
been obtained within the prior 12 month period (and the Master Servicer and the
Trustee shall each request any such appraisal from the Special Servicer prior to
ordering an Appraisal pursuant to this sentence) or if such an Appraisal shall
have been obtained but as a result of unforeseen occurrences, such Appraisal
does not, in the good faith determination of the Master Servicer, the Special
Servicer or the Trustee, reflect current market conditions, and the Master
Servicer or the Trustee, as applicable, and the Special Servicer cannot agree on
the appropriate downward adjustment to such Appraisal, the Master Servicer, the
Special Servicer or the Trustee, as the case may be, may, subject to its
reasonable and good faith determination that such Appraisal will demonstrate the
nonrecoverability of the related Advance, obtain an Appraisal for such purpose
at the expense of the Trust Fund (and, in the case of any A/B Loan Pair, first
of the related B Loan Holders, if any, and second, to the extent such expense
remains unpaid, of the Trust Fund).

            Notwithstanding the foregoing, the Trustee shall be entitled to
conclusively rely on any determination of nonrecoverability that may have been
made by the Master Servicer or the Special Servicer with respect to a particular
Servicing Advance, and the Master Servicer and the Special Servicer shall each
be entitled to conclusively rely on any determination of nonrecoverability that
may have been made by the other such party with respect to a particular
Servicing Advance. A copy of any such Officer's Certificate (and accompanying
information) of the Master Servicer shall also be delivered promptly to the
Special Servicer, a copy of any such Officer's Certificate (and accompanying
information) of the Special Servicer shall also be promptly delivered to the
Master Servicer, and a copy of any such Officer's Certificates (and accompanying
information) of the Trustee shall also be promptly delivered to the Master
Servicer and the Special Servicer.

            (i) Notwithstanding anything to the contrary set forth herein, the
Master Servicer may (and, at the direction of the Special Servicer if a
Specially Serviced Mortgage Loan or an REO Property is involved, shall) pay
directly out of the Collection Account, but only as and to the extent
contemplated by Section 3.05(a), any servicing expense that, if paid by such
Master Servicer or the Special Servicer, would constitute a Nonrecoverable
Servicing Advance; provided that such Master Servicer (or the Special Servicer,
if a Specially Serviced Mortgage Loan or an REO Property 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), as
evidenced by an Officer's Certificate delivered promptly to the Depositor, the
Trustee and the Controlling Class Representative, setting forth the basis for
such determination and accompanied by any information that such Person may have
obtained that supports such determination. A copy of any such Officer's
Certificate (and accompanying information) of the Master Servicer shall also be
delivered promptly to the Special Servicer, and a copy of any such Officer's
Certificate (and accompanying information) of the Special Servicer shall also be
promptly delivered to the Master Servicer.

            Section 3.12 Property Inspections; Collection of Financial
                         Statements; Delivery of Certain Reports

            (a) The Special Servicer shall perform or cause to be performed a
physical inspection of a Mortgaged Property as soon as practicable (but in any
event not later than 60 days) after the related Mortgage Loan becomes a
Specially Serviced Mortgage Loan (and, in cases where the related Mortgage Loan
has become a Specially Serviced Mortgage Loan, such Special Servicer shall
continue to perform or cause to be performed a physical inspection of the
subject Mortgaged Property at least once per calendar year thereafter for so
long as the related Mortgage Loan remains a Specially Serviced Mortgage Loan or
if such Mortgaged Property becomes an REO Property); provided that such Special
Servicer shall be entitled to reimbursement of the reasonable and direct
out-of-pocket expenses incurred by it in connection with each such inspection as
Servicing Advances. Beginning in 2008, the Master Servicer shall at its expense
perform or cause to be performed an inspection of each Mortgaged Property at
least once per calendar year (or, in the case of each Mortgage Loan with an
unpaid principal balance of under $2,000,000, once every two years), if the
Special Servicer has not already done so during that period pursuant to the
preceding sentence. The Master Servicer and the Special Servicer shall prepare
(and, promptly following preparation deliver to the Controlling Class
Representative and, with respect to the Special Servicer, to the Master
Servicer; provided, that such report, complete with photographs, shall be
delivered to the Controlling Class Representative upon request) a written report
of each such inspection performed by it or on its behalf that sets forth in
detail the condition of the Mortgaged Property and that contains the information
called for in the standard CMSA Property Inspection Form. The Master Servicer
and the Special Servicer shall deliver to the Trustee, upon written request, and
the Controlling Class Representative, a copy (or image in suitable electronic
media) of each such written report prepared by it (provided, that such report,
complete with photographs, shall be delivered to the Controlling Class
Representative upon request), within 30 days following the later of completion
of the related inspection if the inspection is performed by such Master Servicer
or Special Servicer, as applicable, or receipt of the related inspection report
if the inspection is performed by a third-party. Upon request, the Trustee shall
request from such Master Servicer or Special Servicer, as applicable, and, to
the extent such items have been delivered to the Trustee, upon written request,
by such Master Servicer or Special Servicer, as applicable, deliver to each of
the Depositor, the related Mortgage Loan Seller, any Certificateholder or, if
the Trustee has in accordance with Section 5.06(b) confirmed the Ownership
Interest in Certificates held thereby, any Certificate Owner, a copy (or image
in suitable electronic media) of each such written report prepared by the Master
Servicer or the Special Servicer.

            (b) Commencing with respect to the calendar quarter ended September
30, 2007, the Special Servicer, in the case of any Specially Serviced Mortgage
Loan, and the Master Servicer, in the case of each Performing Mortgage Loan,
shall make reasonable efforts to collect promptly from each related Borrower
quarterly and annual operating statements, budgets and rent rolls of the related
Mortgaged Property, and quarterly and annual financial statements of such
Borrower, whether or not delivery of such items is required pursuant to the
terms of the related Mortgage. In addition, the Special Servicer shall cause
quarterly and annual operating statements, budgets and rent rolls to be
regularly prepared in respect of each REO Property and shall collect all such
items promptly following their preparation. The Special Servicer shall deliver
copies (or images in suitable electronic media) of all of the foregoing items so
collected or obtained by it to the Master Servicer, the Trustee and the
Controlling Class Representative within 30 days of its receipt thereof.

            The Master Servicer shall maintain a CMSA Operating Statement
Analysis Report with respect to each Mortgaged Property and REO Property related
to each Mortgage Loan. Within 60 days after receipt by the Master Servicer from
the related Borrower or otherwise (as to a Performing Mortgage Loan), and within
30 days after receipt by the Master Servicer from the Special Servicer or
otherwise (as to a Specially Serviced Mortgage Loan and REO Property), of any
annual operating statements or rent rolls with respect to any Mortgaged Property
or REO Property, such Master Servicer shall, based upon such operating
statements or rent rolls, prepare (or, if previously prepared, update) the CMSA
Operating Statement Analysis Report for the subject Mortgaged Property or REO
Property. The Master Servicer shall remit a copy of each CMSA Operating
Statement Analysis Report prepared or updated by it (promptly following initial
preparation and each update thereof), together with, if so requested and not
already provided pursuant to the preceding paragraph, the underlying operating
statements and rent rolls, to the Trustee, the Special Servicer and the
Controlling Class Representative. All CMSA Operating Statement Analysis Reports
shall be maintained by the Master Servicer with respect to each Mortgaged
Property and REO Property. The Trustee shall, upon request, request from the
Master Servicer (if necessary) and, to the extent such items have been delivered
to the Trustee by such Master Servicer, deliver to the Controlling Class
Representative, any Certificateholder or, if the Trustee has in accordance with
Section 5.06(b) confirmed the Ownership Interest in the Certificates held
thereby, any Certificate Owner, a copy of such CMSA Operating Statement Analysis
(or update thereof) and, if requested, the related operating statement or rent
rolls.

            Within 60 days (or, in the case of items received from the Special
Servicer with respect to Specially Serviced Mortgage Loans and REO Properties,
30 days) after receipt by the Master Servicer of any quarterly or annual
operating statements with respect to any Mortgaged Property or REO Property,
such Master Servicer shall prepare or update and forward to the Trustee, the
Special Servicer and the Controlling Class Representative (in an electronic
format reasonably acceptable to the Trustee and such Special Servicer) a CMSA
NOI Adjustment Worksheet for such Mortgaged Property or REO Property, together
with, if so requested, the related quarterly or annual operating statements.

            If, with respect to any Mortgage Loan (other than a Specially
Serviced Mortgage Loan), the Special Servicer has any questions for the related
Borrower based upon the information received by such Special Servicer pursuant
to Section 3.12(a) or 3.12(b), the Master Servicer shall, in this regard and
without otherwise changing or modifying its duties hereunder, reasonably
cooperate with such Special Servicer in assisting such Special Servicer to
contact and solicit information from such Borrower.

            (c) Not later than 4:00 p.m. (New York City time) on each
Determination Date, the Special Servicer shall prepare and deliver or cause to
be delivered to the Master Servicer, the Controlling Class Representative and
shall contemporaneously provide a copy of such materials as they relate to an A
Loan to the B Loan Holder the following reports (or data files relating to
reports of the Master Servicer) with respect to the Specially Serviced Mortgage
Loans serviced by such Special Servicer and any related REO Properties,
providing the required information as of such Determination Date: (i) a CMSA
Property File; and (ii) a CMSA Loan Periodic Update File (which, in each case,
if applicable, will identify each Mortgage Loan by loan number and property
name). At or before 4:00 p.m. (New York City time) on each Determination Date,
such Special Servicer shall prepare and deliver or cause to be delivered to the
Master Servicer the following reports or the related data fields reflected in
the reports reasonably requested with respect to the Specially Serviced Mortgage
Loans and any REO Properties, providing the information required of such Special
Servicer pursuant to Section 3.12(e) as of such Determination Date: (i) a CMSA
Delinquent Loan Status Report; (ii) a CMSA Comparative Financial Status Report;
(iii) a CMSA Historical Loan Modification Report; and (iv) a CMSA REO Status
Report. In addition, the Special Servicer shall from time to time provide the
Master Servicer with such information in such Special Servicer's possession
regarding the Specially Serviced Mortgage Loans and related REO Properties as
may be requested by the Master Servicer and is reasonably necessary for such
Master Servicer to prepare each report and any supplemental information required
to be provided by such Master Servicer to the Trustee.

            (d) Not later than 1:00 p.m. (New York City time) on the second
Business Day following each Determination Date, the Master Servicer shall
prepare (if and to the extent necessary) and deliver or cause to be delivered to
the Trustee (and shall contemporaneously provide a copy of such materials and
related reports as they relate to an A Loan to the B Loan Holder), in a
computer-readable medium downloadable by the Trustee, each of the files and
reports comprising the CMSA Investor Reporting Package (other than the CMSA Loan
Periodic Update File, which shall be delivered as set forth in Section 4.02(b)
and excluding any CMSA Operating Statement Analysis Report, any CMSA NOI
Adjustment Worksheet, the CMSA Bond Level File, the CMSA Collateral Summary File
and the CMSA Loan Setup File), in each case providing the most recent
information with respect to the Mortgage Loans and REO Properties as of the
related Determination Date (and which, in each case, if applicable, will
identify each subject Mortgage Loan by loan number and property name); provided
that such Master Servicer shall not be required to prepare and deliver any of
the files and reports comprising the CMSA Investor Reporting Package (other than
the CMSA Loan Periodic Update File) before the second Business Day following the
third Determination Date following the Closing Date.

            The Master Servicer may, but is not required to, make any of the
reports or files comprising the CMSA Investor Reporting Package (other than the
CMSA Bond Level File and the CMSA Collateral Summary File, which are prepared by
the Trustee), available each month on such Master Servicer's Website only with
the use of a password, in which case such Master Servicer shall provide such
password to (i) the other parties to this Agreement, who by their acceptance of
such password shall be deemed to have agreed not to disclose such password to
any other Person, (ii) the Rating Agencies and the Controlling Class
Representative, and (iii) each Certificateholder and Certificate Owner who
requests such password, provided that any such Certificateholder or Certificate
Owner, as the case may be, has delivered a certification substantially in the
form of Exhibit K-1 to the Trustee (with a copy to the Master Servicer). In
connection with providing access to the Master Servicer's Website, such Master
Servicer may require registration and the acceptance of a disclaimer and
otherwise (subject to the preceding sentence) adopt reasonable rules and
procedures, which may include, to the extent such Master Servicer deems
necessary or appropriate, conditioning access on execution of an agreement
governing the availability, use and disclosure of such information, and which
may provide indemnification to such Master Servicer for any liability or damage
that may arise therefrom.

            (e) The Special Servicer shall deliver to the Master Servicer the
reports set forth in Section 3.12(b) and Section 3.12(c), and the Master
Servicer shall deliver to the Trustee the reports set forth in Section 3.12(d),
in an electronic format reasonably acceptable to such Special Servicer, the
Master Servicer and the Trustee. The Master Servicer may, absent manifest error,
conclusively rely on the reports to be provided by the Special Servicer pursuant
to Section 3.12(b) and Section 3.12(c). The Trustee may, absent manifest error,
conclusively rely on the reports to be provided by the Master Servicer pursuant
to Section 3.12(d). In the case of information or reports to be furnished by the
Master Servicer to the Trustee pursuant to Section 3.12(d), to the extent that
such information or reports are, in turn, based on information or reports to be
provided by the Special Servicer pursuant to Section 3.12(b) or Section 3.12(c)
and to the extent that such reports are to be prepared and delivered by the
Special Servicer pursuant to Section 3.12(b) or Section 3.12(c), such Master
Servicer shall have no obligation to provide such information or reports to the
Trustee until it has received the requisite information or reports from the
Special Servicer, and such Master Servicer shall not be in default hereunder due
to a delay in providing the reports required by Section 3.12(d) caused by the
Special Servicer's failure to timely provide any information or report required
under Section 3.12(b) or Section 3.12(c) of this Agreement.

            (f) Notwithstanding the foregoing, however, the failure of the
Master Servicer or Special Servicer to disclose any information otherwise
required to be disclosed by this Section 3.12 shall not constitute a breach of
this Section 3.12 to the extent such Master Servicer or Special Servicer so
fails because such disclosure, in the reasonable belief of such Master Servicer
or Special Servicer as the case may be, would violate any applicable law or any
provision of a Mortgage Loan Document prohibiting disclosure of information with
respect to the Mortgage Loans or Mortgaged Properties or would constitute a
waiver of the attorney-client privilege on behalf of the Trust. The Master
Servicer and Special Servicer may disclose any such information or any
additional information to any Person so long as such disclosure is consistent
with applicable law, the related Mortgage Loan Documents and the Servicing
Standard. The Master Servicer or the Special Servicer may affix to any
information provided by it any disclaimer it deems appropriate in its reasonable
discretion (without suggesting liability on the part of any other party hereto).

            (g) The Depositor shall provide (or cause to be provided) to the
Master Servicer and the Trustee the initial data (as of the respective Due Dates
for the Original Mortgage Loans in March 2007 or the most recent earlier date
for which such data is available) contemplated by the CMSA Loan Setup File, the
CMSA Loan Periodic Update File, the CMSA Operating Statement Analysis Report and
the CMSA Property File. Absent manifest error of which it has actual knowledge,
the Master Servicer and the Special Servicer may conclusively rely (without
independent verification) on such information provided to it by the Depositor
(or such information which the Depositor has caused to be provided) and shall
not be responsible for the accuracy or completeness of any such information
supplied to it by the Depositor (or such information which the Depositor has
caused to be provided). Notwithstanding anything in this Agreement to the
contrary, the Master Servicer shall only be obligated to provide the CMSA Loan
Setup File, the CMSA Loan Periodic Update File, the CMSA Operating Statement
Analysis Report and the CMSA Property File to the extent that the initial data
contemplated in this Section 3.12(g) is provided to the Master Servicer by the
Depositor (or the Depositor has otherwise caused such information to be
provided).

            (h) If the Master Servicer or the Special Servicer is required to
deliver any statement, report or information under any provision of this
Agreement, such Master Servicer or 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 such Master Servicer's Website or the
Trustee's Website, unless this Agreement expressly specifies a particular method
of delivery. Notwithstanding the foregoing, the Trustee may request delivery in
paper format of any statement, report or information required to be delivered to
the Trustee and clause (z) shall not apply to the delivery of any information
required to be delivered to the Trustee unless the Trustee consents to such
delivery.

            (i) The reporting obligations of the Master Servicer in connection
with an A Loan shall be construed to require such Master Servicer to provide
information regarding the related A Note only, but whenever such Master Servicer
remits funds to the B Loan Holder, 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 related Mortgaged Property or financial information
regarding the borrower to the B Loan Holder. The Master Servicer shall, with the
reasonable cooperation of the other parties hereto, deliver to each B Loan
Holder all documents, statements, reports and information with respect to the
related B Loan and/or the related Mortgaged Property as may be required under
the related A/B Intercreditor Agreement.

            Section 3.13 [Reserved]

            Section 3.14 [Reserved]

            Section 3.15 Access to Certain Information

            (a) The Master Servicer and the Special Servicer shall afford to the
Trustee, the Depositor, each Rating Agency, the Controlling Class Representative
and to the OTS, the FDIC and any other banking or insurance regulatory authority
that may exercise authority over any Certificateholder or Certificate Owner,
access to any records regarding the Mortgage Loans and the servicing thereof
within its control, except to the extent it is prohibited from doing so by
applicable law, the terms of the Mortgage Loan Documents or contract entered
into prior to the Closing Date or to the extent such information is subject to a
privilege under applicable law to be asserted on behalf of the
Certificateholders. Such access shall be afforded without charge but only upon
reasonable prior written request and during normal business hours at the offices
of such Master Servicer or such Special Servicer, as the case may be, designated
by it. The Master Servicer and the Special Servicer shall each be entitled to
affix a reasonable disclaimer to any information provided by it for which it is
not the original source (without suggesting liability on the part of any other
party hereto). In connection with providing access to such records to the
Controlling Class Representative, the Master Servicer and the Special Servicer
may require registration (to the extent access is provided via the Master
Servicer's Website) and the acceptance of a reasonable and customary disclaimer
and otherwise adopt reasonable rules and procedures, which may include, to the
extent the Master Servicer or the Special Servicer, as applicable, deems
necessary or appropriate, conditioning access on the execution and delivery of
an agreement governing the availability, use and disclosure of such information.

            (b) Neither of the Master Servicer or the Special Servicer shall be
liable for providing or disseminating information in accordance with the terms
of this Agreement.

            (c) On a monthly basis at a time mutually agreed upon by the
Controlling Class Representative and the Master Servicer or the Special
Servicer, the Master Servicer and the Special Servicer shall, without charge,
make a knowledgeable Servicing Officer available, at the option of such
Controlling Class Representative either by telephone or at the office of such
Servicing Officer, to answer questions from such Controlling Class
Representative regarding the performance and servicing of the Mortgage Loans in
and/or REO Properties for which such Master Servicer or Special Servicer, as the
case may be, is responsible.

            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 on behalf of the related B Loan Holder if such REO
Property is related to an A/B Loan Pair) or, subject to Section 3.09(b), to a
single member limited liability company of which the Trust is the sole member,
which limited liability company is formed or caused to be formed by the Special
Servicer at the expense of the Trust for the purpose of taking title to one or
more REO Properties pursuant to this Agreement. The limited liability company
shall be a manager-managed limited liability company, with the Special Servicer
to serve as the initial manager to manage the property of the limited liability
company, including any applicable REO Property, in accordance with the terms of
this Agreement as if such property was held directly in the name of the Trust or
Trustee under this Agreement (and for the benefit of the related B Loan Holder
if such REO Property is related to an A/B Loan Pair). The Special Servicer, on
behalf of the Trust (and for the benefit of the related B Loan Holder if such
REO Property is related to an A/B Loan Pair), shall sell any REO Property in
accordance with Section 3.18(d) and, in any event, by the end of the third
calendar year following the year in which the Trust acquires ownership of such
REO Property for purposes of Section 860G(a)(8) of the Code, unless the Special
Servicer either (i) applies, more than 60 days prior to the expiration of such
liquidation period, and is granted an extension of time (an "REO Extension") by
the IRS to sell such REO Property or (ii) obtains for the Trustee an Opinion of
Counsel, addressed to the Trustee, to the effect that the holding by the Trust
of such REO Property subsequent to the end of the third calendar year following
the year in which such acquisition occurred will not result in an Adverse REMIC
Event with respect to either Trust REMIC or an Adverse Grantor Trust Event with
respect to the Grantor Trust Pool. Regardless of whether the Special Servicer
applies for or is granted the REO Extension contemplated by clause (i) of the
immediately preceding sentence or obtains the Opinion of Counsel referred to in
clause (ii) of such sentence, the Special Servicer shall act in accordance with
the Servicing Standard to liquidate such REO Property on a timely basis within a
customary and normal time frame for the sale of comparable properties. If the
Special Servicer is granted such REO Extension or obtains such Opinion of
Counsel, the Special Servicer shall (i) promptly forward a copy of such REO
Extension or Opinion of Counsel to the Trustee, and (ii) sell such REO Property
within such extended period as is permitted by such REO Extension or
contemplated by such Opinion of Counsel, as the case may be. Any expense
incurred by the Special Servicer in connection with its applying for and being
granted the REO Extension contemplated by clause (i) of the third preceding
sentence or its obtaining the Opinion of Counsel contemplated by clause (ii) of
the third preceding sentence, and for the creation of and the operating of a
limited liability company, shall be paid by and reimbursable to the Master
Servicer as a Servicing Advance.

            (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 occurs, the Special
Servicer shall establish and maintain one or more accounts (collectively, the
"REO Account"), to be held on behalf of the Trustee (as holder of the
Uncertificated Lower-Tier Interests) in trust for the benefit of the
Certificateholders (and on behalf of the related B Loan Holder if such REO
Property is related to an A/B Loan Pair), for the retention of revenues and
other proceeds derived from each REO Property. Each account that constitutes the
REO Account shall be an Eligible Account. The Special Servicer shall deposit, or
cause to be deposited, in the REO Account, within two Business Days following
receipt, all REO Revenues, Insurance Proceeds, Condemnation Proceeds and
Liquidation Proceeds received in respect of an REO Property. Funds in the REO
Account may be invested in Permitted Investments in accordance with Section
3.06. The Special Servicer shall be entitled to make withdrawals from the REO
Account to pay itself, as Additional Special Servicing Compensation, interest
and investment income earned in respect of amounts held in the REO Account as
provided in Section 3.06(b) (but only to the extent of the Net Investment
Earnings, if any, with respect to the REO Account for any Collection Period).
The Special Servicer shall give notice to the other parties hereto 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. Within two Business Days
following the end of each Collection Period, the Special Servicer shall withdraw
from the REO Account and deposit into the Collection Account (or, if the subject
REO Property relates to an A/B Loan Pair, into the related A/B Loan Pair
Custodial Account) or deliver to the Master Servicer (which shall deposit such
amounts into the Collection Account) (or, if the subject REO Property relates to
an A/B Loan Pair, into the related A/B Loan Pair Custodial Account) the
aggregate of all amounts received in respect of each REO Property during such
Collection Period, net of any withdrawals made out of such amounts pursuant to
the preceding sentence and Section 3.17 below; provided that the Special
Servicer may retain in the REO Account such portion of such proceeds and
collections as may be necessary to maintain a reserve of sufficient funds for
the proper operation, management, leasing, maintenance and disposition of the
related REO Property (including the creation of a reasonable reserve for
repairs, replacements, necessary capital improvements and other related
expenses), such reserve not to exceed an amount sufficient to cover such items
reasonably expected to be incurred during the following 12-month period.

            (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
3.16(c).

            Section 3.17 Management of REO Property

            (a) Prior to the acquisition of title to any Mortgaged Property
securing a defaulted Mortgage Loan, the Special Servicer shall review the
operation of such Mortgaged Property and determine the nature of the income that
would be derived from such property if it were acquired by the Trust. If the
Special Servicer determines from such review that:

            (i) None of the income from Directly Operating such Mortgaged
      Property would be subject to tax as "net income from foreclosure property"
      within the meaning of the REMIC Provisions or to the tax imposed on
      "prohibited transactions" under Section 860F of the Code (either such tax
      referred to herein as an "REO Tax"), such Mortgaged Property may be
      Directly Operated by the Special Servicer as REO Property (other than
      holding such REO Property primarily for sale to customers, or the
      performance of any construction work thereon) by such Special Servicer as
      REO Property;

            (ii) Directly Operating such Mortgaged Property as an REO Property
      could result in income from such property that would be subject to an REO
      Tax, but that a lease of such property to another party to operate such
      property, or the performance of some services by an Independent Contractor
      with respect to such property, or another method of operating such
      property would not result in income subject to an REO Tax, then such
      Special Servicer may (provided that in the judgment of such Special
      Servicer, exercised in accordance with the Servicing Standard, it is
      commercially reasonable) so lease or otherwise operate such REO Property
      or, in accordance with the Servicing Standard, the Special Servicer
      determines the income or earnings with respect to such REO Property will
      offset any REO Tax and will maximize the net recovery from the REO
      Property to the Certificateholders then the Special Servicer may so
      operate the REO Property; or

            (iii) It is reasonable to believe that Directly Operating such
      property as REO Property could result in income subject to an REO Tax and
      that no commercially reasonable means exists to operate such property as
      REO Property without the Trust incurring or possibly incurring an REO Tax
      on income from such property, such Special Servicer shall deliver to the
      Trustee and the Controlling Class Representative, in writing, a proposed
      plan (the "Proposed Plan") to manage such property as REO Property. Such
      plan shall include potential sources of income and good faith estimates of
      the amount of income from each such source. Within a reasonable period of
      time after receipt of such plan, the Trustee shall consult with such
      Special Servicer regarding the Trust's federal income tax reporting
      position with respect to the various sources of income that the Trust
      would derive under the Proposed Plan. In addition, the Trustee shall (to
      the maximum extent reasonably possible) inform such Special Servicer of
      the estimated amount of taxes that the Trust would be required to pay with
      respect to each such source of income. After receiving the information
      described in the two preceding sentences from the Trustee, such Special
      Servicer shall either (A) implement the Proposed Plan (after acquiring the
      respective Mortgaged Property as REO Property) or (B) manage and operate
      such property in a manner that would not result in the imposition of an
      REO Tax on the income derived from such property.

            The Special Servicer's decision as to how each REO Property shall be
managed and operated shall, subject to Section 3.17(b), be in accordance with
the Servicing Standard. Neither the Special Servicer nor the Trustee shall be
liable to the Certificateholders, the Trust, the other parties hereto or each
other for errors in judgment made in good faith in the exercise of their
discretion while performing their respective responsibilities under this Section
3.17(a). Nothing in this Section 3.17(a) is intended to prevent the sale of an
REO Property pursuant to the terms and subject to the conditions of Section
3.18.

            (b) 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 B
Loan Holder if such REO Property is related to an A/B Loan Pair) solely for the
purpose of its prompt disposition and sale in accordance with Section 3.18, 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 for purposes of
Section 860D(a) of the Code or, except as contemplated by Section 3.17(a),
result in the receipt by either Trust REMIC of any "income from non-permitted
assets" within the meaning of Section 860F(a)(2)(B) of the Code, in an Adverse
REMIC Event with respect to any Trust REMIC or in an Adverse Grantor Trust Event
with respect to the Grantor Trust Pool. 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 consistent with the Servicing Standard and,
consistent therewith, shall withdraw from the REO Account, to the extent of
amounts on deposit therein with respect to any REO Property, funds necessary for
the proper operation, management, leasing, maintenance and disposition of such
REO Property, including:

            (i) all insurance 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; and

            (iv) all other costs and expenses necessary to maintain, lease,
      sell, protect, manage, operate and restore such REO Property.

            To the extent that amounts on deposit in the REO Account with
respect to any REO Property are insufficient for the purposes contemplated by
the preceding sentence with respect to such REO Property, the Master Servicer
shall, at the direction of the Special Servicer, make a Servicing Advance of
such amounts as are necessary for such purposes unless such Master Servicer or
such Special Servicer determines, in its reasonable judgment, that such advances
would, if made, be Nonrecoverable Servicing Advances; provided, however, that
such Master Servicer may in its sole discretion make any such Servicing Advance
without regard to recoverability (and be reimbursed for such Advance as a
Nonrecoverable Advance) if it is a necessary fee or expense incurred in
connection with the defense or prosecution of legal proceedings.

            (c) 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 Mortgage Loan became imminent, all within
      the meaning of Section 856(e)(4)(B) of the Code; or

            (iv) except as provided for in Section 3.17(a)(i) and (a)(ii) above,
      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(d), the Special Servicer shall be permitted to cause
the Trust Fund to earn "net income from foreclosure property," subject to the
Servicing Standard.

            (d) The Special Servicer may, and if so required for any REO
Property to qualify or remain qualified as "foreclosure property" within the
meaning of Section 860G(a)(8) of the Code, shall contract with any Independent
Contractor for the operation and management of any REO Property, 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
      expenses of the Trust) shall be reasonable and customary in consideration
      of the nature and locality of the REO Property;

            (iii) any such contract shall require, or shall be administered to
      require, that the Independent Contractor, in a timely manner, (A) pay all
      costs and expenses incurred in connection with the operation and
      management of such REO Property, including those listed in Section 3.17(b)
      above, and (B) remit all related revenues collected (net of its fees and
      such costs and expenses) to such 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 such Special Servicer of any of its duties and
      obligations hereunder with respect to the operation and management of any
      such REO Property; and

            (v) such 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 such Special Servicer by such
Independent Contractor, and nothing in this Agreement shall be deemed to limit
or modify such indemnification. To the extent the costs of any contract with any
Independent Contractor for the operation and management of any REO Property are
greater that the revenues available from such property, such excess costs shall
be paid by and reimbursable to the Master Servicer as a Servicing Advance.

            (e) 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(b) and
3.17(c).

            Section 3.18 Fair Value Purchase Option; Sale of REO Properties

            (a) The Special Servicer may sell or purchase, or permit the sale or
purchase of, a Mortgage 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 and Section 9.01 of this Agreement; the
Mortgage Loan Purchase Agreement; the Column Performance Guarantee; the related
Mortgage Loan Documents and/or, any related intercreditor, co-lender and/or
similar agreement(s).

            (b) If any Mortgage Loan becomes a Defaulted Mortgage Loan, then the
Special Servicer shall promptly so notify in writing the Trustee, the Master
Servicer and the Controlling Class Representative, and with respect to any
related B Loan of a A/B Loan Pair, any related B Loan Holder(s). The Controlling
Class Representative and the Special Servicer, in that order of priority, may,
at its option, purchase any Defaulted Mortgage Loan out of the Trust Fund at a
cash price equal to the applicable Purchase Price. The Controlling Class
Representative 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 Loan, any related
B Loan Holder), other than to a Person whose purchase of the related Mortgage
Loan would violate the terms of any related Intercreditor Agreement or Mezzanine
Loan intercreditor agreement; provided that the Controlling Class
Representative, in connection therewith, shall deliver to the Trustee and the
Special Servicer a copy of the related written assignment executed by the
Controlling Class Representative, provided, further, that with respect to any A
Loan, the option holder's rights under this Section 3.18(b) are subject to the
rights of the holder of the related B Loan to purchase such A Loan pursuant to
the terms of a related Intercreditor Agreement or by a Mezzanine Loan Holder
pursuant to the related Mezzanine Loan intercreditor agreement. The option with
respect to an A Loan shall terminate upon the purchase of such A Loan by the
holder of the related B Loan pursuant to the related Intercreditor Agreement or
by a Mezzanine Loan Holder pursuant to the related Mezzanine Loan intercreditor
agreement. The applicable Purchase Price for any Defaulted Mortgage Loan
purchased under this Section 3.18(b) shall be deposited into the Collection
Account, and the Trustee, upon receipt of a written notice from the Master
Servicer to the effect that such deposit has been made, shall release or cause
to be released to the Person effecting such purchase (or to its 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 the Person effecting such purchase
(or its designee) ownership of such Mortgage Loan. In connection with any such
purchase, the Special Servicer shall deliver the related Servicing File to the
Person effecting such purchase (or to its designee).

            If not exercised sooner, such purchase option with respect to any
Defaulted Mortgage Loan will automatically terminate upon (i) the related
Borrower's (or, subject to the related Intercreditor Agreement, any B Loan
Holder's) cure of all defaults on the Defaulted Mortgage 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 Mortgage Loan in connection with a
workout.

            The applicable Purchase Price for any Defaulted Mortgage 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 it receives an Appraisal following the date on which a
Mortgage Loan becomes a Defaulted Mortgage Loan, determine the fair value
thereof in accordance with the Servicing Standard (the "Fair Value"). In
determining the Fair Value of any Defaulted Mortgage Loan, the Special Servicer
shall take into account, among other factors, the period and amount of the
delinquency on such Mortgage Loan, the occupancy level and physical condition of
the related Mortgaged Property, the state of the local economy in the area where
the related Mortgaged Property is located, and the time and expense associated
with a purchaser's foreclosing on the related Mortgaged Property and the
expected recoveries from such Defaulted Mortgage Loan if the Special Servicer
were to pursue a workout or foreclosure strategy instead of selling such
Defaulted Mortgage Loan pursuant to the subject purchase option. 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 may, to the
extent it is consistent with the Servicing Standard, rely on any opinions or
reports of Independent third parties in making such determination. All
reasonable costs and expenses incurred by the Special Servicer pursuant to this
Section 3.18(b) shall be paid by and reimbursable to the Master Servicer as
Servicing Advances. The other parties to this Agreement shall cooperate with all
reasonable requests for information made by a Special Servicer in order to allow
such Special Servicer to perform its duties pursuant to this Section 3.18(b).
The Special Servicer must give prompt written notice of its Fair Value
determination to the Trustee, the Master Servicer and the Controlling Class
Representative.

            The Special Servicer shall be required to change from time to time
thereafter its determination of the Fair Value of a Defaulted Mortgage 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 any affiliate of the
Special Servicer exercises the purchase option (under this Section 3.18(b) or
Section 3.18(c)) with respect to any Defaulted Mortgage Loan, including as the
Controlling Class Representative or as the assignee thereof, then the Master
Servicer or, if the Master Servicer is also the Special Servicer or an affiliate
of the Special Servicer, the Trustee shall determine whether the Special
Servicer's determination of Fair Value for a Defaulted Mortgage Loan is no less
than the amount that the Master Servicer or the Trustee, as applicable,
considers to be the Fair Value of such Defaulted Mortgage Loan. In such event,
the Special Servicer shall promptly deliver to the Master Servicer or the
Trustee, as applicable, in accordance with the foregoing sentence, the most
recent related Appraisal then in the Special Servicer's possession, together
with such other third-party reports and other information then in the Special
Servicer's possession that is relevant to the confirmation of the Special
Servicer's determination of Fair Value, including information regarding any
change in circumstance regarding the Defaulted Mortgage Loan known to the
Special Servicer that has occurred subsequent to, and that would materially
affect the value of the related Mortgaged Property reflected in, the most recent
related Appraisal. Notwithstanding the foregoing, the Master Servicer or the
Trustee, as the case may be, may (at its option) designate an Independent
Qualified Appraiser, selected with reasonable care by the Master Servicer or the
Trustee, as the case may be, to confirm that the Special Servicer's
determination of Fair Value is consistent with or greater than what the
Independent Qualified Appraiser considers to be the Fair Value of such Defaulted
Mortgage Loan. In that event, the Master Servicer or Trustee, as applicable,
will be entitled to rely upon such Independent Qualified Appraiser's
determination. The Master Servicer or Trustee, as applicable, shall be entitled
to a fee of $2,500 in connection with each such Fair Value determination. The
costs of all third party opinions of value and any Appraisals and inspection
reports incurred by the Master Servicer or Trustee, as the case may be, as
contemplated by this paragraph shall be advanced by the Master Servicer or
Trustee, as the case may be, and will constitute, and be reimbursable as, a
Servicing Advance.

            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 Mortgage Loan other than
pursuant to the exercise of such purchase option or as otherwise permitted under
Section 3.18(a).

            If the purchase option with respect to any Defaulted Mortgage Loan
is not exercised by the Majority Controlling Class Certificateholder or any
assignee thereof within 30 days after the Fair Value of such Mortgage Loan has
initially been established as provided in Section 3.18(b) above, then the
Majority Controlling Class Certificateholder shall be deemed to have assigned
such Purchase Option, for a 30-day period only, to the applicable Special
Servicer. During the 30-day period following the assignment to it of the
purchase option with respect to any Defaulted Mortgage Loan, the Special
Servicer will be entitled to exercise such purchase option or to assign such
purchase option to a third party other than the Depositor, Column Financial or
one of their respective Affiliates and/or agents (provided that the other
parties hereto are notified in writing of the assignment). If the purchase
option with respect to any Defaulted Mortgage Loan is not exercised by the
Special Servicer or its assignee within the 30-day period following the
assignment of such purchase option to the applicable Special Servicer as
contemplated by clause (iii) above, then such purchase option will automatically
revert to the Majority Controlling Class Certificateholder. The cash price paid
for any such Mortgage Loan purchased under this Section 3.18 shall be paid to
the Master Servicer within 10 Business Days following the date notice is
received that the option is exercised and shall be deposited into the Collection
Account, and the Trustee, upon receipt of written notice 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
Mortgage Loan. Nothing in this Section 3.18(c) shall be deemed to limit the
ability of any B Loan Holder to purchase the related A loan in accordance with
the related Intercreditor Agreement.

            (c) The Special Servicer shall use its reasonable efforts,
consistent with the Servicing Standard, to solicit cash bids for each REO
Property in such manner as will be reasonably likely to realize a fair price
(determined pursuant to Section 3.18(e) below) for any REO Property within a
customary and normal time frame for the sale of comparable properties (and, in
any event, within the time period provided for by Section 3.16(a)). Such Special
Servicer shall accept the first (and, if multiple cash bids are received by a
specified bid date, the highest) cash bid received from any Person that
constitutes a fair price (determined pursuant to Section 3.18(e) below) for such
REO Property. If such Special Servicer reasonably believes that it will be
unable to realize a fair price (determined pursuant to Section 3.18(e) below)
with respect to any REO Property within the time constraints imposed by Section
3.16(a), then such Special Servicer shall, consistent with the Servicing
Standard and subject to Section 3.24, dispose of such REO Property upon such
terms and conditions as it shall deem necessary and desirable to maximize the
recovery thereon under the circumstances.

            The Special Servicer shall give the Trustee, the Master Servicer and
the Controlling Class Representative not less than five (5) Business Days' prior
written notice of its intention to sell any REO Property pursuant to this
Section 3.18(d). 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.

            (d) 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 or, if such cash bid is from an Interested Person, by the Trustee. In
determining whether any bid received from an Interested Person represents a fair
price for any REO Property, the Trustee shall be supplied with and shall be
entitled to rely on the most recent Appraisal in the related Servicing File
conducted in accordance with this Agreement within the preceding 12-month period
(or, in the absence of any such Appraisal or if there has been a material change
at the subject property since any such Appraisal, on a new Appraisal to be
obtained by the Special Servicer, the cost of which shall be paid by and
reimbursable to the Master Servicer as a Servicing Advance). The appraiser
conducting any such new Appraisal shall be a Qualified Appraiser that is (i)
selected by the Special Servicer if neither such Special Servicer nor any
Affiliate thereof is bidding with respect to the subject REO Property and (ii)
selected by the Trustee if either such Special Servicer or any Affiliate thereof
is so bidding. Where any Interested Person is among those bidding with respect
to any REO Property, the Special Servicer shall require that all bids be
submitted to it (or, if such Special Servicer is bidding, be submitted to the
Trustee) in writing and be accompanied by a refundable deposit of cash in an
amount equal to 5% of the bid amount. In determining whether any bid from a
Person other than an Interested Person constitutes a fair price for any REO
Property, such Special Servicer shall take into account the results of any
Appraisal or updated Appraisal that it or the Master Servicer may have obtained
in accordance with this Agreement within the prior twelve (12) months, as well
as, among other factors, the occupancy level and physical condition of the REO
Property, the state of the then current local economy and commercial real estate
market where the REO Property is located and the obligation to dispose of any
REO Property within a customary and normal time frame for the sale of comparable
properties (and, in any event, 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. Notwithstanding the other provisions of this Section 3.18, no cash
bid from the Special Servicer or any Affiliate thereof shall constitute a fair
price for any REO Property unless such bid is the highest cash bid received and
at least two Independent bids (not including the bid of such Special Servicer or
any Affiliate) have been received. In the event the bid of the Special Servicer
or any Affiliate thereof is the only bid received or is the higher of only two
bids received, then additional bids shall be solicited. If an additional bid or
bids, as the case may be, are received for any REO Property and the original bid
of such Special Servicer or any Affiliate thereof is the highest of all cash
bids received, then the bid of such Special Servicer or such Affiliate shall be
accepted, provided that the Trustee has otherwise determined, as provided above
in this Section 3.18(e), that such bid constitutes a fair price for the subject
REO Property. Any bid by the Special Servicer for any REO Property shall be
unconditional; and, if accepted, the subject REO Property shall be transferred
to such Special Servicer without recourse, representation or warranty other than
customary representations as to title given in connection with the sale of a
real property.

            (e) Subject to Sections 3.18(a) through 3.18(e) above, the Special
Servicer shall act on behalf of the Trustee in negotiating with Independent
third parties in connection with the sale of any REO Property and taking any
other action necessary or appropriate in connection with the sale of any
Defaulted Mortgage Loan or REO Property, and the collection of all amounts
payable in connection therewith. In connection with the sale of any REO
Property, the Special Servicer may charge prospective bidders, and may retain,
fees that approximate such Special Servicer's actual costs in the preparation
and delivery of information pertaining to such sales or evaluating bids without
obligation to deposit such amounts into a Collection Account. Any sale of a
Defaulted Mortgage Loan or any REO Property shall be final and without recourse
to the Trustee or the Trust, and if such sale is consummated in accordance with
the terms of this Agreement, neither the Special Servicer nor the Trustee shall
have any liability to any Certificateholder with respect to the purchase price
therefor accepted by such Special Servicer or the Trustee.

            (f) Any sale of any Defaulted Mortgage Loan or REO Property shall be
for cash only.

            (g) The purchase price for any Defaulted Mortgage Loan or REO
Property sold under this Section 3.18 shall be deposited into the Master
Servicer's Collection Account, and the Trustee, upon receipt of written notice
from such Master Servicer to the effect that such deposit has been made (based
upon notification by the Special Servicer to such Master Servicer of the amount
of the purchase price), 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 ownership of such Mortgage Loan or REO Property in
the Person who purchased such Mortgage Loan or REO Property.

            (h) The parties hereto acknowledge the purchase option of each B
Loan Holder with respect to the related A Loan provided for in the related A/B
Intercreditor Agreement. The purchase price paid by any B Loan Holder for the
related A Loan in accordance with such purchase option shall be deposited into
the Collection Account, and the Trustee, upon receipt of written notice from the
Master Servicer to the effect that such deposit has been made, 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
ownership of such Mortgage Loan in the related B Loan Holder.

            (i) If pursuant to any purchase option provided for in the related
intercreditor, co-lender or similar agreement, a mezzanine loan holder purchases
any Mortgage Loan, then the purchase price paid by such mezzanine loan holder
for such Mortgage Loan in accordance with such purchase option shall be
deposited into the Collection Account, and the Trustee, upon receipt of written
notice from the Master Servicer to the effect that such deposit has been made,
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 ownership of such Mortgage Loan in such mezzanine loan holder.

            Section 3.19 Additional Obligations of Master Servicer

            (a) The Master Servicer shall deliver to the Trustee for deposit in
the Distribution Account by 1:00 p.m. (New York City time) on each Master
Servicer Remittance Date, without any right of reimbursement therefor, a cash
payment (a "Compensating Interest Payment") in an amount equal to the lesser of
(i) the aggregate amount of Prepayment Interest Shortfalls incurred in
connection with Principal Prepayments received in respect of Performing Mortgage
Loans during the most recently ended Collection Period (other than as a result
of the receipt of Insurance Proceeds and/or Condemnation Proceeds), and (ii) the
aggregate of (A) with respect to such of those Prepayment Interest Shortfalls
incurred, that portion of such Master Servicer's Master Servicing Fees
(excluding Primary Servicing Fees) for the related Collection Period that is, in
the case of each and every Mortgage Loan and REO Mortgage Loan for which such
Master Servicing Fees are being paid in such Collection Period, calculated at
0.005% (0.5 basis points) per annum, and (B) all Prepayment Interest Excesses
received by such Master Servicer during the most recently ended Collection
Period; provided, however, that if a Prepayment Interest Shortfall occurs as a
result of the Master Servicer's allowing the related Borrower to deviate from
the terms of the related Mortgage Loan Documents regarding Principal Prepayments
(other than (W) as a result of the receipt of Insurance Proceeds and/or
Condemnation Proceeds, (X) subsequent to a material default under the related
Mortgage Loan Documents, (Y) pursuant to applicable law or a court order, or (Z)
at the request or with the consent of the Controlling Class Representative),
then, the amount specified in clause (ii)(A) above shall be an amount equal to
the entire Master Servicing Fee with respect to such Collection Period.

            (b) The Special Servicer may require the Master Servicer, and such
Master Servicer shall be obligated, out of such Master Servicer's own funds, to
reimburse such Special Servicer for any emergency Servicing Advances (other than
Nonrecoverable Servicing Advances) made by but not previously reimbursed to such
Special Servicer (together with Advance Interest thereon at the Reimbursement
Rate) from the date made to, but not including, the date of reimbursement, upon
such Special Servicer providing an Officer's Certificate to the Master Servicer
setting forth the details of the emergency Servicing Advance upon which such
Master Servicer shall conclusively rely in reimbursing the Special Servicer.
Such reimbursement and any accompanying payment of interest shall be made within
ten Business Days of the written request therefor by wire transfer of
immediately available funds to an account designated by such Special Servicer.
The Master Servicer shall for all purposes of this Agreement be deemed to have
made such Servicing Advance on the date of such reimbursement, and accordingly,
such Master Servicer shall be entitled to reimbursement for such Servicing
Advance (together with Advance Interest thereon at the Reimbursement Rate), at
the same time, in the same manner and to the same extent as such Master Servicer
would otherwise have been entitled if it had actually made such Servicing
Advance on the date of such reimbursement.

            Notwithstanding anything to the contrary contained in any other
Section of this Agreement, if the Special Servicer is required under this
Agreement (but subject to the following paragraph), to make any emergency
Servicing Advance but does not desire to do so, such Special Servicer may, in
its sole discretion, request that the Master Servicer make such Servicing
Advance. Any such request shall be made, in writing, in a timely manner that
does not adversely affect the interests of any Certificateholder (and, in any
event, at least five Business Days in advance of the date on which the subject
Servicing Advance is to be made) and shall be accompanied by such information
and documentation regarding the subject Servicing Advance as such Master
Servicer may reasonably request. The Master Servicer shall have the obligation
to make any such Servicing Advance (other than a Nonrecoverable Servicing
Advance) that it is so requested by such Special Servicer to make, by payment of
such amount to such Special Servicer within five Business Days of such Master
Servicer's receipt of such request. Such Special Servicer shall then be
responsible for disbursing such amounts to the appropriate payees. Subject to
the preceding sentence, if the request is timely and properly made, such Special
Servicer shall be relieved of any obligations with respect to a Servicing
Advance that it so requests the Master Servicer to make (regardless of whether
or not the Master Servicer shall make such Servicing Advance). The Master
Servicer shall be entitled to reimbursement for any Servicing Advance made by it
at the direction of the Special Servicer, together with interest thereon in
accordance with Sections 3.05(a) and 3.11(g), at the same time, in the same
manner and to the same extent as such Master Servicer is entitled with respect
to any other Servicing Advances made thereby.

            Notwithstanding the foregoing provisions of this Section 3.19(b),
the Master Servicer shall not be required to reimburse the Special Servicer for,
or to make at the direction of the Special Servicer, any Servicing Advance if
such Master Servicer determines in its reasonable, good faith judgment that such
Servicing Advance, although not characterized by such Special Servicer as a
Nonrecoverable Servicing Advance, is in fact a Nonrecoverable Servicing Advance.
Such Master Servicer shall notify such Special Servicer in writing of such
determination and, if applicable, such Nonrecoverable Servicing Advance shall be
reimbursed to such Special Servicer pursuant to Section 3.05(a).

            (c) Promptly following the occurrence of an Appraisal Trigger Event
with respect to any Mortgage Loan, the Special Servicer shall obtain (or, if
such Mortgage Loan has a Stated Principal Balance of $2,000,000 or less, unless
the Controlling Class Representative permits the Special Servicer to obtain an
Appraisal, conduct) an Appraisal of the related Mortgaged Property, unless an
Appraisal thereof had previously been obtained (or, if applicable, conducted)
within the preceding 12-month period and there has been no subsequent material
change in the circumstances surrounding the related Mortgaged Property that, in
the judgment of the Special Servicer, would materially affect the value of the
property in the earlier Appraisal, and shall deliver a copy of such Appraisal to
the Trustee, the Master Servicer and the Controlling Class Representative. If
such Appraisal is obtained from a Qualified Appraiser, the cost thereof shall be
paid by and reimbursable to the Master Servicer as a Servicing Advance. Promptly
following the receipt of, and based upon, such Appraisal, such Special Servicer
shall determine and report to the Trustee and the Master Servicer and the
Controlling Class Representative the then applicable Appraisal Reduction Amount,
if any, with respect to the subject Required Appraisal Loan.

            For so long as any Mortgage Loan or REO Mortgage Loan remains a
Required Appraisal Loan, the Special Servicer shall, within 30 days of each
anniversary of such loan's having become a Required Appraisal Loan, obtain (or,
if such Required Appraisal Loan has a Stated Principal Balance of $2,000,000 or
less, at its discretion, unless the Controlling Class Representative objects,
conduct) an update of the prior Appraisal. If such update is obtained from a
Qualified Appraiser, the cost thereof shall be paid by and reimbursable to the
Master Servicer as a Servicing Advance. Promptly following the receipt of, and
based upon, such update, such Special Servicer shall redetermine, in
consultation with the Controlling Class Representative, and report to the
Trustee and the Master Servicer the then applicable Appraisal Reduction Amount,
if any, with respect to the subject Required Appraisal Loan.

            The Controlling Class Representative shall have the right at any
time within six months of the date of the receipt of any Appraisal to require
that the Special Servicer obtain a new Appraisal of the subject Mortgaged
Property in accordance with MAI standards, at the expense of the Controlling
Class Certificateholders, and upon receipt of such Appraisal the Special
Servicer shall redetermine the Appraisal Reduction Amount.

            (d) [Reserved]

            (e) In connection with each prepayment of principal received
hereunder, the Master Servicer shall calculate any applicable Yield Maintenance
Charge payable under the terms of the related Mortgage Note. Promptly following
its determination thereof, such Master Servicer shall disclose to the Trustee
and, upon request, any Certificateholder its calculation of any such Yield
Maintenance Charge, including the U.S. Treasury rate and, if different, the
Yield Rate used to calculate such Yield Maintenance Charge.

            (f) With respect to each Mortgage Loan that provides for defeasance,
the Master Servicer shall, to the extent permitted by the terms of such Mortgage
Loan, require the related Borrower (i) to provide replacement collateral
consisting of government securities within the meaning of Treasury Regulations
Section 1.860G-2(a)(8)(i) (including, if the Mortgage Loan provides only for
U.S. Treasury obligations, such other government securities, within the meaning
of Section 2(a)(16) of the Investment Company Act of 1940, as are acceptable to
the Rating Agencies, provided that the borrower has furnished the Master
Servicer with an Opinion of Counsel that acceptance of such substitute
securities will not cause an Adverse REMIC Event). in an amount sufficient to
make all scheduled payments under the Mortgage Loan (or defeased portion
thereof) when due (and assuming, in the case of an ARD Mortgage Loan, to the
extent consistent with the related Mortgage Loan Documents, that such Mortgage
Loan matures on its Anticipated Repayment Date), (ii) to deliver a certificate
from an independent certified public accounting firm certifying that the
replacement collateral is sufficient to make such payments, (iii) at the option
of the Master Servicer, to designate a single purpose entity (which may be a
subsidiary of such Master Servicer established for the purpose of assuming all
defeased Mortgage Loans) to assume the Mortgage Loan (or defeased portion
thereof) and own the defeasance collateral and, if the subject Mortgage Loan has
a Cut-off Date Principal Balance equal to or greater than $5,000,000, and, if
the related Mortgage Loan Documents permit the lender to require or expressly
requires the borrower to provide an opinion of Counsel to the effect that such
entity will not be consolidated with its principals; provided, that if the
subject Mortgage Loan has a Cut-off Date Principal Balance less than $5,000,000
and the related Mortgage Loan Documents do not require the related Borrower to
pay for, or do not permit the lender to require such Opinion of Counsel, such
requirement shall be waived, (iv) to implement such defeasance only after the
second anniversary of the Closing Date, (v) to provide an Opinion of Counsel
that the Trustee has a perfected, first priority security interest in the new
collateral, and (vi) in the case of a partial defeasance of the Mortgage Loan,
to defease a principal amount equal to at least 125% of the allocated loan
amount for the Mortgaged Property or Properties to be released. If the subject
Mortgage Loan has a Cut-off Date Principal Balance greater than or equal to
$20,000,000 or an outstanding principal balance greater than or equal to 2% of
the aggregate Stated Principal Balance of the Mortgage Pool, or if the terms of
the Mortgage Loan do not permit such Master Servicer to impose such requirements
and such Master Servicer does not satisfy such requirements on its own, then the
Master Servicer shall provide the Rating Agencies and the Controlling Class
Representative with notice that the foregoing requirements have been met and, so
long as such a requirement would not violate applicable law or the Servicing
Standard, obtain a confirmation that such defeasance will not result in an
Adverse Rating Event. Subject to the related Mortgage Loan Documents and
applicable law, the Master Servicer shall not execute a defeasance unless (i)
the Mortgage Loan requires the Borrower to pay all Rating Agency fees associated
with defeasance (if Rating Agency confirmation of no-downgrade is a specific
condition precedent thereto) and all expenses associated with defeasance or
other arrangements for payment of such costs are made at no expense to the Trust
Fund or the Master Servicer (provided, however, that in no event shall such
proposed "other arrangements" result in any liability to the Trust Fund
including any indemnification of the Master Servicer or the Special Servicer
which may result in legal expenses to the Trust Fund), and (ii) the Borrower is
required to provide all Opinions of Counsel, including Opinions of Counsel that
the defeasance will not cause an Adverse REMIC Event or an Adverse Grantor Trust
Event and that the Mortgage Loan Documents are fully enforceable in accordance
with their terms (subject to bankruptcy, insolvency and similar standard
exceptions), and any applicable rating confirmations.

            Notwithstanding the foregoing, it is hereby acknowledged that,
pursuant to and in accordance with the related Sub-Servicing Agreement, the
Column Primary Servicer will perform the Master Servicer's duties under this
Section 3.19(f) with respect to the Column Serviced Loans pursuant to and in
accordance with the related Designated Sub-Servicing Agreement, and that the
Master Servicer shall have no obligation to approve or oversee the performance
of any such duties by the Column Primary Servicer. The Master Servicer shall
have no liability for any claims, losses, damages, penalties, fines,
forfeitures, reasonable legal fees and expenses and related costs, judgments or
other costs and expenses arising from (i) a breach of such duties by the Column
Primary Servicer or (ii) negligence, bad faith or willful misconduct in the
performance of such duties by the Column Primary Servicer.

            (g) The Master Servicer shall, as to each Mortgage Loan which is
secured by the interest of the related Borrower under a Ground Lease, promptly
(and in any event within 45 days) after the Closing Date notify the related
ground lessor of the transfer of such Mortgage 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 such Master Servicer.

            (h) If a Mortgage Loan provides or allows that the related
Borrower's failure to make any Monthly Payment due thereunder on the applicable
Due Date will not result in an event of default for which such Mortgage Loan may
be accelerated and/or accrue Default Charges unless and until the Master
Servicer notifies such Borrower of the failure or the elapse of a specified
number of days following such Master Servicer's delivery of such notice, then
such Master Servicer shall promptly (and in any event within two Business Days
following the applicable Due Date) notify the related Borrower of such a
failure.

            (i) [Reserved]

            (j) To the extent not inconsistent with the related Mortgage Loan
Documents, the Master Servicer or Special Servicer shall not consent to a change
in the property manager with respect to a property securing a Mortgage Loan that
is one of the ten largest Mortgage Loans (which term shall, for the purposes of
this Section 3.29(e), include groups of Crossed Mortgage Loans and groups of
Mortgage Loans made to affiliated Borrowers) by outstanding principal balance at
such time or that has a then-current principal balance of greater than
$35,000,000, unless it obtains written confirmation from each Rating Agency 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 or Special Servicer, as applicable,
shall require the related Borrower to pay the costs of such confirmation unless
specifically precluded from doing so by the applicable Mortgage Loan Documents,
in which case such amount shall be paid from the Collection Account.

            Section 3.20 Modifications, Waivers, Amendments and Consents

            (a) The Special Servicer (solely as to the Specially Serviced
Mortgage Loans) or the Master Servicer (solely as to the Performing Mortgage
Loans) may (consistent with the Servicing Standard) agree to any modification,
waiver or amendment of any term of, extend the maturity of, defer or forgive
interest (including Default Interest and Post-ARD Additional Interest) on and
principal of, defer or forgive late payment charges and Yield Maintenance
Charges on, permit the release, addition or substitution of collateral securing,
and/or permit the release, addition or substitution of the Borrower on or any
guarantor of, any Mortgage Loan, subject, however, to Sections 3.08 and 3.24
(and, in the case of any A Loan or B Loan, subject to the terms of the related
A/B Intercreditor Agreement) and, further to each of the following limitations,
conditions and restrictions:

            (i) other than as provided in Sections 2.03(b), 3.02, 3.08, 3.20(f)
      and 3.20(g), the Master Servicer shall not agree to any modification,
      waiver or amendment of any term of, or take any of the other acts
      referenced in this Section 3.20(a) with respect to, any Mortgage Loan,
      that would affect the amount or timing of any related payment of
      principal, interest or other amount payable under such Mortgage Loan or
      affect the security for such Mortgage Loan, unless such Master Servicer
      has obtained the consent of the Special Servicer (it being understood and
      agreed that (A) such Master Servicer shall promptly provide the Special
      Servicer with notice of any Borrower request for such modification, waiver
      or amendment, such Master Servicer's recommendations and analysis, and
      with all information reasonably available to such Master Servicer that the
      Special Servicer may reasonably request in order to withhold or grant any
      such consent, (B) the Special Servicer shall decide whether to withhold or
      grant such consent in accordance with the Servicing Standard and (C) if
      any such consent has not been expressly denied within ten Business Days of
      the Special Servicer's receipt from such Master Servicer of such Master
      Servicer's recommendations and analysis and all information reasonably
      requested thereby and reasonably available to such Master Servicer in
      order to make an informed decision (or, if the Special Servicer did not
      request any information, within 15 Business Days from such notice), such
      consent shall be deemed to have been granted);

            (ii) other than as provided in Sections 3.02 and 3.08, the Special
      Servicer shall not agree to (or, in the case of a Performing Mortgage
      Loan, consent to the Master Servicer's agreeing to) any modification,
      waiver or amendment of any term of, or take (or, in the case of a
      Performing Mortgage Loan, consent to the Master Servicer's taking) any of
      the other acts referenced in this Section 3.20(a) with respect to, any
      Mortgage Loan that would affect the amount or timing of any related
      payment of principal, interest or other amount payable thereunder or, in
      the reasonable, good faith judgment of such Special Servicer, would
      materially impair the security for such Mortgage Loan, unless a material
      default on such Mortgage Loan has occurred or, in the reasonable judgment
      of such Special Servicer, a default in respect of payment on such Mortgage
      Loan is reasonably foreseeable, and such modification, waiver, amendment
      or other action is reasonably likely to produce a greater recovery to
      Certificateholders (as a collective whole) on a present value basis (the
      relevant discounting of anticipated collections that will be distributable
      to Certificateholders to be done at the related Net Mortgage Rate), than
      would liquidation;

            (iii) the Special Servicer shall not extend (or, in the case of a
      Performing Mortgage Loan, consent to the Master Servicer's extending) the
      date on which any Balloon Payment is scheduled to be due on any Mortgage
      Loan to a date beyond the earliest of (A) the fifth anniversary of such
      Mortgage Loan's Stated Maturity Date, (B) three years prior to the Rated
      Final Distribution Date for any Class of Rated Certificates, (C) if such
      Mortgage Loan is secured by a Mortgage solely or primarily on the related
      Borrower's leasehold interest in the related Mortgaged Property, 20 years
      (or, to the extent consistent with the Servicing Standard, giving due
      consideration to the remaining term of the Ground Lease, 10 years) prior
      to the end of the then current term of the related Ground Lease (plus any
      unilateral options to extend), and (D) if such Mortgage Loan is covered by
      an environmental insurance policy, two years prior to the expiration of
      the term of such policy unless the Special Servicer shall have first
      determined in its reasonable judgment, based upon a Phase I Environmental
      Assessment (and any additional environmental testing that the Special
      Servicer deems necessary and prudent) conducted by an Independent Person
      who regularly conducts Phase I Environmental Assessments, and at the
      expense of the Borrower, that there are no circumstances or conditions
      present at the related Mortgaged Property for which investigation,
      testing, monitoring, containment, clean-up or remediation would be
      required under any then applicable environmental laws or regulations;

            (iv) neither the Master Servicer nor the Special Servicer shall make
      or permit any modification, waiver or amendment of any term of, or take
      any of the other acts referenced in this Section 3.20(a) with respect to,
      any Mortgage Loan that would result in an Adverse REMIC Event with respect
      to either Trust REMIC or an Adverse Grantor Trust Event with respect to
      the Grantor Trust Pool;

            (v) subject to applicable law, the related Mortgage Loan Documents
      and the Servicing Standard, neither the Master Servicer nor the Special
      Servicer shall permit any modification, waiver or amendment of any term of
      any Performing Mortgage Loan unless all related fees and expenses are paid
      by the Borrower;

            (vi) the Special Servicer shall not permit (or, in the case of a
      Performing Mortgage Loan, consent to the Master Servicer's permitting) any
      Borrower to add or substitute any real estate collateral for its Mortgage
      Loan unless the Special Servicer shall have first (A) determined in its
      reasonable judgment, based upon a Phase I Environmental Assessment (and
      any additional environmental testing that such Special Servicer deems
      necessary and prudent) conducted by an Independent Person who regularly
      conducts Phase I Environmental Assessments, at the expense of the related
      Borrower, that such additional or substitute collateral is in compliance
      with applicable environmental laws and regulations and that there are no
      circumstances or conditions present with respect to such new collateral
      relating to the use, management or disposal of any Hazardous Materials for
      which investigation, testing, monitoring, containment, clean-up or
      remediation would be required under any then applicable environmental laws
      or regulations and (B) received, at the expense of the related Borrower,
      written confirmation from each Rating Agency that such addition or
      substitution of collateral will not, in and of itself, result in an
      Adverse Rating Event with respect to any Class of Rated Certificates; and

            (vii) the Special Servicer shall not release (or, in the case of a
      Performing Mortgage Loan, consent to the Master Servicer's releasing),
      including in connection with a substitution contemplated by clause (vi)
      above, any real property collateral securing an outstanding Mortgage Loan,
      except as provided in Section 3.09(d), or except where a Mortgage Loan
      (or, in the case of a Cross-Collateralized Group, where such entire
      Cross-Collateralized Group) is satisfied, or except in the case of a
      release where (A) either (1) the use of the collateral to be released will
      not, in the reasonable judgment of such Special Servicer, materially and
      adversely affect the net operating income being generated by or the use of
      the related Mortgaged Property, or (2) there is a corresponding principal
      pay down of such Mortgage Loan in an amount at least equal to the
      appraised value of the collateral to be released (or substitute real
      estate collateral with an appraised value at least equal to that of the
      collateral to be released, is delivered), (B) with respect to Performing
      Mortgage Loans, the remaining Mortgaged Property (together with any
      substitute collateral) is, in such Special Servicer's reasonable judgment,
      adequate security for the remaining Mortgage Loan and (C) with respect to
      Performing Mortgage Loans, such release would not, in and of itself,
      result in an Adverse Rating Event with respect to any Class of Rated
      Certificates (as confirmed in writing to the Trustee by each Rating
      Agency);

provided that the limitations, conditions and restrictions set forth in clauses
(i) through (vii) above shall not apply to any act or event (including, without
limitation, a release, substitution or addition of collateral) in respect of any
Mortgage Loan that either occurs automatically, or results from the exercise of
a unilateral option by the related Borrower within the meaning of Treasury
Regulations Section 1.1001-3(c)(2)(iii), in any event under the terms of such
Mortgage Loan in effect on the Closing Date (or, in the case of a Replacement
Mortgage Loan, on the related date of substitution); and provided, further,
that, notwithstanding clauses (i) through (vii) above, neither the Master
Servicer nor the Special Servicer shall be required to oppose the confirmation
of a plan in any bankruptcy or similar proceeding involving a Borrower if, in
its reasonable judgment, such opposition would not ultimately prevent the
confirmation of such plan or one substantially similar; and provided, further,
that, notwithstanding clause (vii) above, neither the Master Servicer nor the
Special Servicer shall be required to obtain any confirmation of the Certificate
ratings from the Rating Agencies in order to grant easements that do not
materially affect the use or value of a Mortgaged Property or the Borrower's
ability to make any payments with respect to the related Mortgage Loan.

            (b) Neither of the Special Servicer nor of the Master Servicer shall
have any liability to the Trust, the Certificateholders or any other Person if
its analysis and determination that the modification, waiver, amendment or other
action contemplated by Section 3.20(a) is reasonably likely to produce a greater
recovery to Certificateholders on a present value basis than would liquidation
should prove to be wrong or incorrect, so long as the analysis and determination
were made on a reasonable basis by such Special Servicer or such Master Servicer
and consistent with the Servicing Standard.

            (c) Any payment of interest, which is deferred pursuant to Section
3.20(a), shall not, for purposes of calculating monthly distributions and
reporting information to Certificateholders, be added to the unpaid principal
balance or Stated Principal Balance of the related Mortgage Loan,
notwithstanding that the terms of such Mortgage Loan so permit or that such
interest may actually be capitalized; provided, however, that this sentence
shall not limit the rights of the Master Servicer or the Special Servicer on
behalf of the Trust to enforce any obligations of the related Borrower under
such Mortgage Loan.

            (d) The Master Servicer and the Special Servicer may, as a condition
to its granting any request by a Borrower for consent, modification, waiver or
indulgence or any other matter or thing, the granting of which is within such
Master Servicer's or such Special Servicer's, as the case may be, discretion
pursuant to the terms of the related Mortgage Loan Documents and is permitted by
the terms of this Agreement, require that such Borrower pay to it a reasonable
or customary fee (which shall in no event exceed 1.0% of the unpaid principal
balance of the related Mortgage Loan) for the additional services performed in
connection with such request, together with any related costs and expenses
incurred by it; provided that the charging of such fee would not constitute a
"significant modification" of such Mortgage Loan within the meaning of Treasury
Regulations Section 1.860G-2(b). All such fees collected by the Master Servicer
and/or the Special Servicer with respect to any Mortgage Loan shall be allocable
between such parties, as Additional Master Servicing Compensation and Additional
Special Servicing Compensation, respectively, as provided in Section 3.11.

            (e) All modifications, amendments, material waivers and other
material actions entered into or taken in respect of the Mortgage Loans pursuant
to this Section 3.20 (other than waivers of Default Charges) shall be in
writing. The Special Servicer and the Master Servicer shall notify the other
such applicable party, each Rating Agency, the Trustee and the Controlling Class
Representative, in writing, of any modification, waiver, amendment or other
action entered into or taken thereby in respect of any Mortgage Loan pursuant to
this Section 3.20 (other than waivers of Default Charges) and the date thereof,
and shall deliver to the Trustee or the related Custodian for deposit in the
related Mortgage File (with a copy to the other such party), an original
counterpart of the agreement relating to such modification, waiver, amendment or
other action, promptly (and in any event within ten Business Days) following the
execution thereof. In addition, following the execution of any modification,
waiver or amendment agreed to by the Special Servicer, or by the Master Servicer
with any required consent of the Special Servicer, pursuant to Section 3.20(a)
above, the Special Servicer or the Master Servicer, as applicable, shall deliver
to the other such party, the Trustee and the Rating Agencies an Officer's
Certificate certifying that all of the requirements of Section 3.20(a) have been
met and, in the case of the Special Servicer, setting forth in reasonable detail
the basis of the determination made by it pursuant to Section 3.20(a)(ii);
provided that, if such modification, waiver or amendment involves an extension
of the maturity of any Mortgage Loan, such Officer's Certificate shall be so
delivered before the modification, waiver or amendment is agreed to. The Master
Servicer shall notify the B Loan Holder of any modification of the monthly
payments of the related Loan, and such monthly payments shall be allocated in
accordance with the related A/B Intercreditor Agreements.

            (f) With respect to any ARD Mortgage Loan after its Anticipated
Repayment Date, the Master Servicer shall be permitted, with the consent of the
Controlling Class Representative, to waive (such waiver to be in writing
addressed to the related Borrower, with a copy to the Trustee) all or any
portion of the accrued Post-ARD Additional Interest in respect of such ARD
Mortgage Loan if (i) such ARD Mortgage Loan is a Performing Mortgage Loan, (ii)
the related Borrower has requested the right to prepay such ARD Mortgage Loan in
full together with all payments required by the related Mortgage Loan Documents
in connection with such prepayment except for such accrued Post-ARD Additional
Interest, and (iii) the Master Servicer has determined, in its reasonable
judgment, that waiving such Post-ARD Additional Interest is in accordance with
the Servicing Standard. The Master Servicer shall prepare all documents
necessary and appropriate to effect any such waiver and shall coordinate with
the related Borrower for the execution and delivery of such documents.

            (g) Notwithstanding anything in this Section 3.20 or in Section 3.08
or Section 3.24 to the contrary, the Master Servicer shall not be required to
seek the consent of or provide prior notice to, the Special Servicer or any
Certificateholder or obtain any confirmation of the Certificate ratings from the
Rating Agencies in order to approve the following modifications, waivers or
amendments of the Mortgage Loans: (i) waivers of minor covenant defaults (other
than financial covenants), including late financial statements; (ii) waiver of
Default Charges, in accordance with Section 3.02; (iii) releases of parcels of a
Mortgaged Property (provided that any such releases are releases as to which the
related Mortgage Loan Documents expressly require the mortgagee thereunder to
make such releases upon the satisfaction of certain conditions and such releases
shall be made as required by the Mortgage Loan Documents or are related to any
pending or threatened condemnation action); (iv) grants of easements or rights
of way that do not materially affect the use or value of a Mortgaged Property or
the Borrower's ability to make any payments with respect to the related Mortgage
Loan; (v) routine leasing activities that affect less than the greater of 20% of
the net rentable area of the Mortgaged Property or 10,000 square feet of the
Mortgaged Property and (vi) approval of annual budgets to operate the Mortgaged
Property; provided that any such modification, waiver or amendment, or agreeing
to any such modification, waiver or amendment, (w) would not in any way affect a
payment term of the Certificates, (x) would not constitute a "significant
modification" of such Mortgage Loan pursuant to Treasury Regulations Section
1.860G-2(b) and would not otherwise constitute an Adverse REMIC Event with
respect to either Trust REMIC or an Adverse Grantor Trust Event with respect to
the Grantor Trust Pool, (y) would be consistent with the Servicing Standard, and
(z) shall not violate the terms, provisions or limitations of this Agreement or
any other document contemplated hereby.

            (h) The Master Servicer shall not terminate or replace, or consent
to the termination or replacement of, any property manager with respect to any
Mortgaged Property, and the Master Servicer shall not terminate or change or
consent to the termination or change of the franchise for any Mortgage Property
operated as a hospitality property, in any event without the prior written
consent of the Special Servicer (it being understood and agreed that (A) such
Master Servicer shall promptly provide such Special Servicer with its analysis,
recommendations and all information that such Special Servicer may reasonably
request and which information is in the possession of such Master Servicer, in
order to withhold or grant any such consent, (B) such Special Servicer shall
decide whether to withhold or grant such consent in accordance with the
Servicing Standard and (C) if any such consent has not been expressly denied
within ten Business Days of such Special Servicer's receipt from such Master
Servicer of such analysis, recommendation and all information reasonably
requested thereby in order to make an informed decision (or, if such Special
Servicer did not request any information, within ten Business Days from such
notice), such consent shall be deemed to have been granted.

            (i) In connection with granting an extension of the maturity date of
any Mortgage Loan in accordance with Section 3.20(a), the Special Servicer, in
the case of a Specially Serviced Mortgage Loan, and the Master Servicer, in the
case of a Performing Mortgage Loan, shall each cause the related Borrower to
agree, if it has not already done so pursuant to the existing Mortgage Loan
Documents, to thereafter deliver to the Special Servicer, the Trustee and the
Controlling Class Representative audited operating statements on a quarterly
basis with respect to the related Mortgaged Property, provided that the Special
Servicer or the Master Servicer, as the case may be, may, in its sole
discretion, waive the requirement that such statements be audited.

            (j) Notwithstanding anything in this Agreement, including this
Section 3.20, to the contrary, for so long as the Master Servicer and the
Special Servicer are the same Person, the Master Servicer shall not be obligated
to obtain the consent or approval of the Special Servicer as otherwise required
in this Agreement but shall instead be required to request the consent or
approval of the Controlling Class Representative (in respect of any matter as to
which such consent is otherwise required hereunder) to the extent, and on the
same terms, subject to the same limitations, restrictions and exclusions and
within the same time periods as, the Special Servicer is required to request
such consent or approval of the Controlling Class Representative pursuant to
Section 3.24 or any other section or provision of this Agreement.

            (k) Notwithstanding the foregoing, it is hereby acknowledged that,
pursuant to and in accordance with the related Sub-Servicing Agreement, the
Column Primary Servicer will perform the Master Servicer's duties under this
Section 3.20 with respect to the Column Serviced Loans pursuant to and in
accordance with the related Designated Sub-Servicing Agreement, and that the
Master Servicer shall have no obligation to approve or oversee the performance
of any such duties by the Column Primary Servicer. The Master Servicer shall
have no liability for any claims, losses, damages, penalties, fines,
forfeitures, reasonable legal fees and expenses and related costs, judgments or
other costs and expenses arising from (i) a breach of such duties by the Column
Primary Servicer or (ii) negligence, bad faith or willful misconduct in the
performance of such duties by the Column Primary Servicer.

            Section 3.21 Transfer of Servicing Between Master Servicer and
                         Special Servicer; Record Keeping

            (a) Upon determining that a Servicing Transfer Event has occurred
with respect to any Mortgage Loan, the Master Servicer shall immediately give
notice thereof to the Controlling Class Representative, and if the Master
Servicer is not also the Special Servicer, such Master Servicer shall
immediately give notice thereof, and shall deliver the related Servicing File,
to the Special Servicer and shall use its best efforts to provide such Special
Servicer with all information, documents (or copies thereof) and records
(including records stored electronically on computer tapes, magnetic discs and
the like) relating to the Mortgage Loan and reasonably requested by the Special
Servicer to enable it to assume its functions hereunder with respect thereto
without acting through a Sub-Servicer. To the extent such is in the possession
of the Master Servicer or any Sub-Servicer thereof, the information, documents
and records to be delivered by such Master Servicer to the Special Servicer
pursuant to the prior sentence shall include, but not be limited to, financial
statements, appraisals, environmental/engineering reports, leases, rent rolls,
title insurance policies, UCC's and tenant estoppels. The Master Servicer shall
use its best efforts to comply with the preceding two sentences within five
Business Days of the occurrence of each related Servicing Transfer Event and the
Master Servicer shall deliver a copy of the related Servicing File in its
possession to the Special Servicer within such five-Business Day period. Upon
determining that a Servicing Transfer Event has occurred, the Master Servicer
shall review the Servicing File and request from the Trustee any material
documents that it is aware are missing from such Servicing File. Any B Loan
shall constitute a Specially Serviced Mortgage Loan for which the Special
Servicer is responsible for so long as the related A Loan is a Specially
Serviced Mortgage Loan.

            Upon determining that a Specially Serviced Mortgage Loan has become
a Corrected Mortgage Loan and if the Master Servicer is not also the Special
Servicer, such Special Servicer shall immediately give notice thereof, and shall
return the related Servicing File within five Business Days, to the Master
Servicer; and, upon giving such notice and returning such Servicing File to the
Master Servicer, such Special Servicer's obligation to service such Mortgage
Loan, and such Special Servicer's right to receive the Special Servicing Fee
with respect to such Mortgage Loan, shall terminate, and the obligations of the
Master Servicer to service and administer such Mortgage Loan shall resume.

            Notwithstanding anything herein to the contrary, in connection with
the transfer to the Special Servicer of the servicing of a Cross-Collateralized
Mortgage Loan as a result of a Servicing Transfer Event or the re-assumption of
servicing responsibilities by the Master Servicer with respect to any such
Mortgage Loan upon its becoming a Corrected Mortgage Loan, such Master Servicer
and such Special Servicer shall each transfer to the other, as and when
applicable, the servicing of all other Cross-Collateralized Mortgage Loans
constituting part of the same Cross-Collateralized Group; provided that no
Cross-Collateralized Mortgage Loan may become a Corrected Mortgage Loan at
anytime that a continuing Servicing Transfer Event exists with respect to
another Cross-Collateralized Mortgage Loan in the same Cross-Collateralized
Group.

            (b) In servicing any Specially Serviced Mortgage Loans, the Special
Servicer shall provide to the Trustee originals of documents contemplated by the
definition of "Mortgage File" and generated while such Mortgage Loan is a
Specially Serviced Mortgage Loan, for inclusion in the related Mortgage File
(with a copy of each such original to the Master Servicer), and copies of any
additional related Mortgage Loan information, including correspondence with the
related Borrower generated while such Mortgage Loan is a Specially Serviced
Mortgage Loan.

            (c) The Master Servicer and the Special Servicer shall each furnish
to the other, upon reasonable request, such reports, documents, certifications
and information in its possession, and access to such books and records
maintained thereby, as may relate to the Mortgage Loans and any related REO
Properties and as shall be reasonably required by the requesting party in order
to perform its duties hereunder.

            (d) In connection with the performance of its obligations hereunder,
the Master Servicer and the Special Servicer shall be entitled to rely upon
written information provided to it by the other.

            Section 3.22 Sub-Servicing Agreements

            (a) The Master Servicer and, subject to Section 3.22(f), the Special
Servicer may enter into Sub-Servicing Agreements to provide for the performance
by third parties of any or all of their respective obligations hereunder,
provided that, in each case, the Sub-Servicing Agreement, including any
amendments thereto and modifications thereof: (i) insofar as it affects the
Trust, is consistent with this Agreement, including Section 7.01(a), in all
material respects and requires the Sub-Servicer to comply in all material
respects with all of the applicable conditions of this Agreement; (ii) provides
that if such Master Servicer or such Special Servicer, as the case may be, 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 such
Master Servicer or such Special Servicer, as the case may be, may thereupon
assume all of the rights and, except to the extent they arose prior to the date
of assumption, obligations of such Master Servicer or such Special Servicer, as
the case may be, 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 Designated Sub-Servicer Agreement may
not be terminated except for cause, which will include the occurrence of any
Adverse Rating Event resulting from the subject Sub-Servicer's acting in such
capacity); (iii) provides that the Trustee, for the benefit of the
Certificateholders, shall be a third-party beneficiary under such agreement, but
that (except to the extent the Trustee or its designee assumes the obligations
of such Master Servicer or such Special Servicer, as the case may be, thereunder
as contemplated by the immediately preceding clause (ii), and except with
respect to the obligations of any successor Master Servicer under the Designated
Sub-Servicer Agreements) none of the Trustee, any successor Master Servicer or
Special Servicer, as the case may be, or any Certificateholder shall have any
duties under such agreement or any liabilities arising therefrom except as
explicitly set forth herein; (iv) permits any purchaser of a Mortgage Loan
pursuant to this Agreement to terminate such agreement with respect to such
purchased Mortgage Loan at its option and without penalty; (v) does not permit
the subject Sub-Servicer to foreclose on a Mortgaged Property or to enter into
or consent to any modification, waiver or amendment or otherwise take any action
on behalf of such Master Servicer or Special Servicer, as the case may be,
contemplated by Section 3.20 hereof without the consent of such Master Servicer
(other than in the case of actions taken by the Column Primary Servicer with
respect to the Column Serviced Loans) or Special Servicer, as the case may be;
(vi) does not permit the Sub-Servicer any rights of indemnification out of the
Trust Fund except through such Master Servicer or the Special Servicer, as the
case may be, have pursuant to Section 6.03; (vii) provides that the Sub-Servicer
shall act in accordance with the Servicing Standard; (viii) provides that in the
event of an act or failure to act by the Sub-Servicer that causes the Master
Servicer or Special Servicer, as applicable, 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; and (ix) provides that the failure of the
related Sub-Servicer to comply with any of the requirements under Article XII of
this Agreement that are applicable to such Sub-Servicer under such Sub-Servicing
Agreement (or with requirements set forth in such Sub-Servicing Agreement that
are substantially similar in all material respects to the requirements under
Article XII of this Agreement), including the failure to deliver any reports or
certificates at the time such report or certification is required under Article
XII shall constitute an event of default by such Sub-Servicer upon the
occurrence of which either the Master Servicer or the Depositor may immediately
terminate the related Sub-Servicer under the related Sub-Servicing Agreement and
that such termination shall be deemed for cause; provided that the appointment
by such Master Servicer or Special Servicer of a third-party contractor for the
purpose of performing discrete, ministerial functions shall not be subject to
this Section 3.22 (except that such Master Servicer or Special Servicer, as the
case may be, shall remain responsible for the actions of such third-party
contractors and shall pay all fees and expenses of such third-party contractors,
unless otherwise expressly provided herein). No Sub-Servicing Agreement entered
into by the Master Servicer shall purport to delegate or effectively delegate to
the related Sub-Servicer any of the rights or obligations of the Special
Servicer with respect to any Specially Serviced Mortgage Loan or otherwise. Each
Sub-Servicing Agreement entered into by the Special Servicer shall relate only
to Specially Serviced Mortgage Loans for which such Special Servicer acts as
Special Servicer and any related REO Properties and shall not purport to
delegate or effectively delegate to the related Sub-Servicer any of the rights
or obligations of the Master Servicer with respect to any Mortgage Loan,
including any Specially Serviced Mortgage Loan. The Master Servicer and the
Special Servicer shall each notify such other parties, the Trustee and the
Depositor in writing promptly of the appointment by it of any Sub-Servicer
(other than a Designated Sub-Servicer). The Master Servicer and the Special
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. References in this
Agreement to actions taken or to be taken by the Master Servicer or the Special
Servicer include actions taken or to be taken by a Sub-Servicer on behalf of the
Master Servicer or the Special Servicer, as the case may be; and, in connection
therewith, all amounts advanced by any Sub-Servicer to satisfy the obligations
of the Master Servicer or the Special Servicer hereunder to make Advances shall
be deemed to have been advanced by such Master Servicer or such Special
Servicer, as the case may be, out of its own funds and, accordingly, such
Advances shall be recoverable by such Sub-Servicer in the same manner and out of
the same funds as if such Sub-Servicer were such Master Servicer or such Special
Servicer, as the case may be. Such Advances shall accrue interest in accordance
with Sections 3.11(g) and/or 4.03(d), such interest to be allocable between the
Master Servicer or the Special Servicer, as the case may be, and such
Sub-Servicer as they may agree. For purposes of this Agreement, the Master
Servicer and the Special Servicer shall each be deemed to have received any
payment when a Sub-Servicer retained by it receives such payment.

            With respect to any Sub-Servicing Agreement entered into by the
Master Servicer after the Closing Date and prior to the date upon which the
Trust's Exchange Act reporting obligations are terminated by the filing of a
Form 15 Suspension Notification as contemplated by Section 12.10, such
Sub-Servicer shall not be a Prohibited Party. Any such Sub-Servicing Agreement
may permit the Sub-Servicer to delegate its duties to agents or subcontractors
so long as the related agreements or arrangements with such agents or
subcontractors are (or may be required to be), to the extent of the services to
be performed, consistent with the provisions of this Section 3.22 (including,
for the avoidance of doubt, that no such agent or subcontractor is a Prohibited
Party prior to the date upon which the Trust's Exchange Act reporting
obligations are terminated by the filing of a Form 15 Suspension Notification as
contemplated by Section 12.10).

            (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 to ensure the
enforceability of the subject Mortgage Loans and to avoid any loss or liability
to the Trust.

            (c) The Master Servicer and the Special Servicer, for the benefit of
the Trustee and the Certificateholders, shall (at no expense to the other such
party or to the Trustee, the Certificateholders or the Trust) monitor the
performance and enforce the obligations of their respective Sub-Servicers under
the related Sub-Servicing Agreements; provided that the Master Servicer shall
have no obligation to approve or oversee the performance by the Column Primary
Servicer of any of the Master Servicer's duties under Sections 3.08, 3.19(f) or
3.20. Such enforcement, including 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 such Master Servicer or such Special
Servicer, as applicable, in its reasonable judgment, would require were it the
owner of the Mortgage Loans. Subject to the terms of the related Sub-Servicing
Agreement, including any provisions thereof limiting the ability of such Master
Servicer or such Special Servicer, as applicable, to terminate a Sub-Servicer,
such Master Servicer and such Special Servicer shall each have the right to
remove a Sub-Servicer retained by it at any time it considers such removal to be
in the best interests of Certificateholders.

            (d) If the Master Servicer or the Special Servicer ceases to serve
as such under this Agreement for any reason (including by reason of an Event of
Default), then the Trustee or other successor Master Servicer or Special
Servicer, as the case may be, shall succeed to the rights and assume the
obligations of such Master Servicer or such Special Servicer under any
Sub-Servicing Agreement unless the Trustee or other successor Master Servicer or
Special Servicer elects to terminate any such Sub-Servicing Agreement in
accordance with its terms and Section 3.22(a)(ii) hereof; provided that no
Designated Sub-Servicer Agreement may be so terminated except for cause, which
will include the occurrence of any Adverse Rating Event resulting from the
subject Sub-Servicer's acting in such capacity. In any event, if a Sub-Servicing
Agreement is to be assumed by the Trustee or other successor Master Servicer or
Special Servicer, then such Master Servicer or such Special Servicer, as
applicable, at its expense shall deliver to the assuming party all documents and
records relating to such Sub-Servicing Agreement and the Mortgage 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
(but subject to Section 12.14 hereof), the Master Servicer and the Special
Servicer shall remain obligated and liable to the Trustee and the
Certificateholders for the performance of their respective 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 each alone were servicing
and administering the Mortgage Loans or REO Properties for which it is
responsible. No appointment of a Sub-Servicer shall result in any additional
expense to the Trustee, the Certificateholders or the Trust other than those
contemplated herein.

            (f) The Special Servicer shall not enter into any Sub-Servicing
Agreement unless: (i) the Rating Agencies have confirmed in writing that
entering into such agreement will not result in an Adverse Rating Event; and
(ii) such agreement relates to one or more Mortgage Loans (including any such
Mortgage Loan(s) previously sub-serviced in accordance with this Section 3.22)
that together represent less than 25% of the aggregate outstanding principal
balance of all Specially Serviced Mortgage Loans; and (iii) the Controlling
Class Representative has consented.

            Section 3.23 Controlling Class Representative

            (a) The Holders (or, in the case of Book-Entry Certificates, the
Certificate Owners) of Certificates representing more than 50% of the Class
Principal Balance of the Controlling Class shall be entitled in accordance with
this Section 3.23 to select a representative (each, a "Controlling Class
Representative") having the rights and powers specified in this Agreement
(including those specified in Section 3.24) or to replace an existing
Controlling Class Representative. Upon (i) the receipt by the Trustee of written
requests for the selection of a Controlling Class Representative from the
Holders (or, in the case of Book-Entry Certificates, the Certificate Owners) of
Certificates representing more than 50% of the Class Principal Balance of the
Controlling Class, (ii) the resignation or removal of the Person acting as
Controlling Class Representative or (iii) a determination by the Trustee that
the Controlling Class has changed, the Trustee shall promptly notify the
Depositor and the Holders (and, in the case of Book-Entry Certificates, to the
extent actually known to a Responsible Officer of the Trustee or identified
thereto by the Depository or the Depository Participants, the Certificate
Owners) of the Controlling Class that they may select a Controlling Class
Representative. Such notice shall set forth the process established by the
Trustee for selecting a Controlling Class Representative, which process may
include the designation of the Controlling Class Representative by the related
Majority Controlling Class Certificateholder by a writing delivered to the
Trustee. No appointment of any Person as a Controlling Class Representative
shall be effective until the Trustee has received confirmation that the
appointment of such Controlling Class Representative is acceptable to the
Majority Controlling Class Certificateholder and such Person provides the
Trustee with (i) written confirmation of its acceptance of such appointment,
(ii) written confirmation of its agreement to keep confidential, for so long as
reports are required to be filed with respect to the Trust under Section 15(d)
of the Exchange Act, all information received by it with respect to the Trust
and its assets that has not been filed with the Commission, (iii) an address and
telecopy number for the delivery of notices and other correspondence and (iv) 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). Anthracite shall be the initial Controlling Class Representative
without any further notification or confirmation referred to in this paragraph.

            (b) Within ten Business Days (or as soon thereafter as practicable
if the Controlling Class consists of Book-Entry Certificates) of any change in
the identity of the Controlling Class Representative of which a Responsible
Officer of the Trustee has actual knowledge and otherwise promptly upon request
from the Master Servicer or the Special Servicer, the Trustee shall deliver to
each of the Master Servicer and the Special Servicer the identity of the
Controlling Class Representative and a list of each Holder (or, in the case of
Book-Entry Certificates, to the extent actually known to a Responsible Officer
of the Trustee or identified thereto by the Depository or the Depository
Participants, each Certificate Owner) of the Controlling Class, including, in
each case, names and addresses. With respect to such information, the Trustee
shall be entitled to conclusively rely on information provided to it by the
Holders (or, in the case of Book-Entry Certificates, subject to Section 5.06, by
the Depository or the Certificate Owners) of such Certificates, and the Master
Servicer and the Special Servicer shall be entitled to rely on such information
provided by the Trustee with respect to any obligation or right hereunder that
the Master Servicer and the Special Servicer may have to deliver information or
otherwise communicate with the Controlling Class Representative or any of the
Holders (or, if applicable, Certificate Owners) of the Controlling Class. In
addition to the foregoing, within two Business Days of the selection,
resignation or removal of a Controlling Class Representative, the Trustee shall
notify the other parties to this Agreement of such event.

            (c) A Controlling Class Representative may at any time resign as
such by giving written notice to the Trustee, the Special Servicer, the Master
Servicer and to each Holder (or, in the case of Book-Entry Certificates,
Certificate Owner) of the Controlling Class. The Holders (or, in the case of
Book-Entry Certificates, the Certificate Owners) of Certificates representing
more than 50% of the Class Principal Balance of the Controlling Class shall be
entitled to remove any existing Controlling Class Representative by giving
written notice to the Trustee, the Special Servicer, the Master Servicer and
such existing Controlling Class Representative.

            (d) Once a Controlling Class Representative has been selected
pursuant to this Section 3.23, each of the parties to this Agreement and each
Certificateholder (or Certificate Owner, if applicable) shall be entitled to
rely on such selection unless a majority of the Holders (or, in the case of
Book-Entry Certificates, the Certificate Owners) of the Controlling Class, by
aggregate Certificate Principal Balance, or such Controlling Class
Representative, as applicable, shall have notified the Trustee and each other
party to this Agreement and each Holder (or, in the case of Book-Entry
Certificates, Certificate Owner) of the Controlling Class, in writing, of the
resignation or removal of such Controlling Class Representative.

            (e) Any and all expenses of the Controlling Class Representative
shall be borne by the Holders (or, if applicable, the Certificate Owners) of
Certificates of the Controlling Class, in proportion to their respective
Percentage Interests in such Class, and not by the Trust. Notwithstanding the
foregoing, if a claim is made against the Controlling Class Representative by a
Borrower with respect to this Agreement or any particular Mortgage Loan, the
Controlling Class Representative shall immediately notify the Trustee, the
Master Servicer and the Special Servicer, whereupon (if the Special Servicer,
the Master Servicer, the Trustee or the Trust are also named parties to the same
action and, in the sole judgment of the Master Servicer or the Special Servicer,
(i) such Controlling Class Representative had acted in good faith, without
negligence or willful misfeasance, with regard to the particular matter, and
(ii) there is no potential for the Special Servicer, the Master Servicer, the
Trustee or the Trust to be an adverse party in such action as regards such
Controlling Class Representative) the Master Servicer or the Special Servicer
or, if such action does not relate to a specific Mortgage Loan, the Special
Servicer, on behalf of the Trust shall, subject to Section 6.03, assume the
defense of any such claim against the Controlling Class Representative. This
provision shall survive the termination of this Agreement and the termination or
resignation of any Controlling Class Representative.

            Section 3.24  Certain Rights and Powers of the Controlling
                          Class Representative

            (a) The Controlling Class Representative will be entitled to advise
the Special Servicer with respect to the Special Servicer's taking, or
consenting to the Master Servicer's taking, any of the actions identified in
clauses (i) through (x) of the following sentence. In addition, notwithstanding
anything in any other Section of this Agreement to the contrary, but in all
cases subject to Section 3.20(g) and Section 3.24(b), the Special Servicer will
not be permitted to take, or consent to the Master Servicer's taking, any of the
actions identified in clauses (i) through (x) of this sentence, unless and until
such Special Servicer has notified the Controlling Class Representative in
writing of such Special Servicer's intent to take or permit the particular
action and the Controlling Class Representative has consented (or has failed to
object) thereto in writing within five Business Days of having been notified
thereof in writing and having been provided with all reasonably requested
information with respect thereto:

            (i) any proposed foreclosure upon or comparable conversion (which
      may include acquisitions of an REO Property) of the ownership of the
      property or properties securing any Specially Serviced Mortgage 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 Charges) or any material non-monetary term (excluding any
      waiver of a "due-on-sale" or "due-on-encumbrance" clause, which clauses
      are addressed in clause (ix) below) of a Mortgage Loan;

            (iii) any acceptance of a discounted payoff with respect to any
      Specially Serviced Mortgage Loan;

            (iv) any proposed sale of an REO Property for less than the Stated
      Principal Balance of, and accrued interest (other than Default Interest
      and Post-ARD Additional Interest) on, the related Mortgage Loan, except in
      connection with a termination of the Trust Fund pursuant to Section 9.01;

            (v) any determination to bring an REO Property into compliance with
      applicable environmental laws or to otherwise address Hazardous Materials
      located at an REO Property;

            (vi) any release of collateral for any Mortgage Loan (other than in
      accordance with the specific terms which do not provide for lender
      discretion of, or upon satisfaction of, such Mortgage Loan);

            (vii) any acceptance of substitute or additional collateral for any
      Specially Serviced Mortgage Loan (other than in accordance with the
      specific terms of such Mortgage Loan);

            (viii) any release (other than in accordance with the related
      Mortgage Loan Documents and in an amount less than $50,000) of Earn-Out
      Reserve Funds or related Letter of Credit with respect to a Mortgaged
      Property securing a Mortgage Loan;

            (ix) any waiver of a due-on-sale or due-on-encumbrance clause in any
      Mortgage Loan; and

            (x) any consent to a change in franchise with respect to a
      hospitality loan or a change in the property manager of a Mortgage Loan
      with a principal balance greater than $5,000,000;

provided that, if the Special Servicer or the Master Servicer, as applicable,
determines that immediate action is necessary to protect the interests of the
Certificateholders (as a whole), the Special Servicer or the Master Servicer, as
the case may be, may take any such action without waiting for the response of
the Controlling Class Representative to the Special Servicer.

            In addition, subject to Section 3.24(b), the Controlling Class
Representative may direct the Special Servicer to take, or to refrain from
taking, such actions as such Controlling Class Representative may deem advisable
or as to which provision is otherwise made herein. Upon reasonable request, the
Special Servicer shall provide the Controlling Class Representative with any
information in such Special Servicer's possession with respect to such matters,
including, without limitation, its reasons for determining to take a proposed
action.

            The Master Servicer or the Special Servicer, as applicable, shall
notify the Controlling Class Representative of any release or substitution of
collateral for a Mortgage Loan even if such release or substitution is in
accordance with the related Mortgage Loan Documents.

            (b) Notwithstanding anything herein to the contrary, (i) the Special
Servicer shall not have any right or obligation to consult with or to seek
and/or obtain consent or approval from the Controlling Class Representative
prior to acting, and the provisions of this Agreement requiring such shall be of
no effect, during the period prior to the initial selection of a Controlling
Class Representative and, if any Controlling Class Representative resigns or is
removed, during the period following such resignation or removal until a
replacement is selected, and (ii) no advice, direction or objection from or by
the Controlling Class Representative, as contemplated by Section 3.24(a) or any
other provision of this Agreement, may (and the Master Servicer and Special
Servicer shall ignore and act without regard to any such advice, direction or
objection that such Master Servicer or Special Servicer, as the case may be, has
determined, in its reasonable judgment, would) (A) require or cause the Master
Servicer, such Special Servicer or the Trustee to violate applicable law, the
terms of any Mortgage Loan or any other Section of this Agreement, including
such Master Servicer's or Special Servicer's obligation to act in accordance
with the Servicing Standard, (B) result in an Adverse REMIC Event with respect
to either Trust REMIC or an Adverse Grantor Trust Event with respect to the
Grantor Trust, (C) expose the Trust, the Depositor, the Master Servicer, the
Special Servicer, the Trustee, or any of their respective Affiliates, members,
managers, officers, directors, employees or agents, to any material claim, suit
or liability, or (D) expand the scope of the Master Servicer's or Special
Servicer's responsibilities under this Agreement.

            (c) Each Certificateholder acknowledges and agrees, by its
acceptance of its Certificates, that: (i) the Controlling Class Representative
may have special relationships and interests that conflict with those of Holders
of one or more Classes of Certificates; (ii) the Controlling Class
Representative may act solely in the interests of the Holders of the Controlling
Class; (iii) the Controlling Class Representative does not have any duties to
the Holders of any Class of Certificates other than the Controlling Class (and
with respect to such Controlling Class Holders shall have no liability for any
action taken or omitted which does not constitute negligence, bad faith or
willful misfeasance); (iv) the Controlling Class Representative may take actions
that favor interests of the Holders of the Controlling Class over the interests
of the Holders of one or more other Classes of Certificates; and (v) the
Controlling Class Representative shall have no liability whatsoever for having
so acted or for any action taken or omitted, and no Certificateholder may take
any action whatsoever against the Controlling Class Representative or any
director, officer, employee, agent or principal thereof for having so acted.

            Section 3.25  Replacement of Special Servicer

            (a) Subject to Section 3.25(b), the Controlling Class Representative
may, upon not less than ten days' prior written notice to the respective parties
hereto, remove any existing Special Servicer hereunder (with or without cause)
and appoint a successor Special Servicer; provided that, if any such removal is
made without cause, then the costs of transferring the special servicing
responsibilities to a successor Special Servicer will, upon such removal or
other termination, be paid by the Certificateholders of the Controlling Class.

            (b) No removal of the Special Servicer and appointment of a
successor thereto pursuant to Section 3.25(a) shall be effective until: (i) the
Trustee shall have received (A) written confirmation from each of the Rating
Agencies that such removal and appointment will not result in an Adverse Rating
Event with respect to any Class of Rated Certificates, (B) an Acknowledgment of
Proposed Special Servicer in the form attached hereto as Exhibit I-2, executed
by the Person designated to be the successor Special Servicer, and (C) an
Opinion of Counsel (which shall not be an expense of the Trustee or the Trust)
substantially to the effect that (1) the removal of such existing Special
Servicer and the appointment of the Person designated to serve as successor
Special Servicer is in compliance with this Section 3.25, (2) such designated
Person is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization, (3) the Acknowledgment of Proposed
Special Servicer, the form of which is attached hereto as Exhibit I-2, has been
duly authorized, executed and delivered by such designated Person and (4) upon
the execution and delivery of the Acknowledgment of Proposed Special Servicer,
such designated Person shall be bound by the terms of this Agreement and,
subject to customary bankruptcy and insolvency exceptions and customary equity
exceptions, this Agreement shall be enforceable against such designated Person
in accordance with its terms; and (ii) if such existing Special Servicer has
been removed by the Controlling Class Representative without cause, the
Certificateholders of the Controlling Class have delivered to the Trustee and
the terminated Special Servicer such Certificateholders' joint and several
undertaking to pay any expenses incurred by the Trustee and such terminated
Special Servicer in connection with the transfer of special servicing
responsibilities to a successor Special Servicer.

            (c) Any Special Servicer terminated pursuant to Section 3.25(a)
shall be deemed to have been so terminated simultaneously with the designated
successor's becoming the Special Servicer hereunder; provided that (i) the
terminated Special Servicer shall be entitled to receive, in connection with its
termination, payment out of the Collection Account of all of its accrued and
unpaid Special Servicing Fees, as and to the extent provided in Section 3.05(a),
and reimbursement from the successor Special Servicer of all outstanding
Servicing Advances made by the terminated Special Servicer and all unpaid
Advance Interest accrued on such outstanding Servicing Advances (in which case
the successor Special Servicer shall be deemed to have made such Servicing
Advances at the same time that the terminated Special Servicer had actually made
them), (ii) the terminated Special Servicer shall thereafter be entitled to
Workout Fees, as and to the extent expressly permitted by Section 3.11(c), and
(iii) such terminated Special Servicer shall continue to be entitled to the
benefits of Section 6.03, notwithstanding any such termination; and provided,
further, that the terminated Special Servicer shall continue to be obligated to
pay (and entitled to receive) all other amounts accrued to (or owing by) it
under this Agreement on or prior to the effective date of such termination. Such
terminated Special Servicer shall cooperate with the Trustee and the replacement
Special Servicer in effecting the transfer of the terminated Special Servicer's
responsibilities and rights hereunder to its successor, including the transfer
within two Business Days of its termination becoming effective pursuant to
Section 3.25, to the replacement Special Servicer for administration by it of
all cash amounts that at the time are or should have been credited by the
terminated Special Servicer to the REO Account or to any Servicing Account or
Reserve Account or should have been delivered to the Master Servicer or that are
thereafter received by or on behalf of the terminated Special Servicer with
respect to any Mortgage Loan or REO Property.

            Section 3.26  Application of Default Charges

(a) Any and all Default Charges that are actually received by or on behalf of
the Trust with respect to any Mortgage Loan or REO Mortgage Loan, shall be
applied for the following purposes and in the following order, in each case to
            the extent of the remaining portion of such Default Charges:

            First, to pay to the Trustee, the Master Servicer or the Special
      Servicer, in that order, any Advance Interest due and owing to such party
      on outstanding Advances made thereby with respect to such Mortgage Loan or
      REO Mortgage Loan, as the case may be;

            Second, to reimburse the Trust for any Advance Interest paid to the
      Trustee, the Master Servicer or the Special Servicer since the Closing
      Date with respect to such Mortgage Loan or REO Mortgage Loan, as the case
      may be, which interest was paid from a source other than Default Charges
      on such Mortgage Loan or REO Mortgage Loan, as the case may be;

            Third, to reimburse the Trust for any other Additional Trust Fund
      Expenses incurred since the Closing Date with respect to such Mortgage
      Loan or REO Mortgage Loan, as the case may be, and previously paid from a
      source other than Default Charges on such Mortgage Loan or REO Mortgage
      Loan, as the case may be; and

            Fourth, to pay any remaining portion of such Default Charges as
      Additional Master Servicing Compensation to the Master Servicer, if such
      Default Charges were collected with respect to a Performing Mortgage Loan,
      and otherwise to pay any remaining portion of such Default Charges as
      Additional Special Servicing Compensation to the Special Servicer.

            (b) Default Charges applied to reimburse the Trust pursuant to
either clause Second or clause Third of Section 3.26(a) are intended to be
available for distribution on the Certificates pursuant to Section 4.01(a) and
Section 4.01(b), subject to application pursuant to Section 3.05(a) or 3.05(b)
for any items payable out of general collections on the Mortgage Pool. Default
Charges applied to reimburse the Trust pursuant to either clause Second or
clause Third of Section 3.26(a) shall be deemed to offset payments of Advance
Interest or other Additional Trust Fund Expenses (depending on which clause is
applicable) in the chronological order in which they were made or incurred with
respect to the subject Mortgage Loan or REO Mortgage Loan (whereupon such
Advance Interest or other Additional Trust Fund Expenses (depending on which
clause is applicable) shall thereafter be deemed to have been paid out of
Default Charges).

            Section 3.27  Authenticating Agent

            The Trustee may appoint an Authenticating Agent to execute and to
authenticate Certificates. The Authenticating Agent must be acceptable to the
Trustee and must be a corporation organized and doing business under the laws of
the United States of America or any state, having a principal office and place
of business in a state and city acceptable to the Trustee, having a combined
capital and surplus of at least $15,000,000, authorized under such laws to do a
trust business and subject to supervision or examination by federal or state
authorities. The Trustee shall serve as the initial Authenticating Agent and the
Trustee hereby accepts such appointment.

            Any corporation into which the Authenticating Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Authenticating Agent
shall be party, or any corporation succeeding to the corporate agency business
of the Authenticating Agent, shall be the Authenticating Agent without the
execution or filing of any paper or any further act on the part of the Trustee
or the Authenticating Agent.

            The Authenticating Agent may at any time resign by giving at least
30 days' advance written notice of resignation to the Trustee, the Depositor and
the Master Servicer. The Trustee may at any time terminate the agency of the
Authenticating Agent other than the initial Authenticating Agent by giving
written notice of termination to the Authenticating Agent, the Depositor and the
Master Servicer. Upon receiving a notice of resignation or upon such a
termination, or in case at any time the Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section 3.27, the Trustee may
appoint a successor Authenticating Agent, which shall be acceptable to the
Depositor, and shall mail notice of such appointment to all Certificateholders.
Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers, duties and responsibilities of
its predecessor hereunder, with like effect as if originally named as
Authenticating Agent herein. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section 3.27.

            The Authenticating Agent shall have no responsibility or liability
for any action taken by it as such at the direction of the Trustee. Any
compensation paid to the Authenticating Agent shall be an unreimbursable expense
of the Trustee.

            Notwithstanding the foregoing in this Section 3.27, the appointment
of the Authenticating Agent shall not relieve the Trustee from any of its
obligations hereunder, and the Trustee shall remain responsible for all acts and
omissions of the Authenticating Agent.

            Section 3.28  Swap Agreement

            (a) The Trustee is hereby authorized and directed, both in its
capacity as the Trustee and on behalf and for the benefit of the Trust, to
execute and deliver the Swap Agreement on the Closing Date, to make the
representations and warranties set forth therein, and, to perform obligations as
described herein with respect to the Swap Agreement. On or before the Closing
Date, the Trustee, not in its individual capacity but solely in its capacity as
Trustee, on behalf of the Trust, shall enter into the Swap Agreement with the
Swap Counterparty. The Trustee shall, upon receipt of the Swap Upfront Payment
on the Closing Date from the Swap Counterparty, forward such Swap Upfront
Payment to the Depositor to an account designated by the Depositor.

            (b) The Trustee shall confirm each value of LIBOR determined by the
Swap Counterparty in accordance with the terms of the Swap Agreement promptly
upon receiving written notice of such determination from the Swap Counterparty.
Absent manifest error, the Swap Counterparty's determination of LIBOR shall be
binding on the Trustee and the Class A-MFL Certificateholders.

            (c) By 5:00 p.m. (New York City time) on the Business Day prior to
each Master Servicer Remittance Date, based on the Loan Periodic Update File for
the related Collection Period provided by the Master Servicer pursuant to
Section 4.02(b), the Trustee shall notify the Swap Counterparty, as calculation
agent under the Swap Agreement, in writing of (i) the Class Principal Balance of
the Class A-MFL Certificates as of the last day of the calendar month
immediately prior to the related Distribution Date, (ii) the amount of any Yield
Maintenance Charges distributable with respect to the Class A-MFL Regular
Interest for the related Distribution Date, (iii) the amount of interest
distributable with respect to the Class A-MFL Regular Interest pursuant to
Section 4.01(a)(iv) for such Distribution Date and required (or deemed) to be
deposited in the Floating Rate Account, (iv) the excess, if any, of (A) the
product of (x) 1/12, (y) 5.4160% per annum and (z) the Class Principal Balance
of the Class A-MFL Certificates as of the last day of the calendar month
immediately prior to the related Distribution Date over (B) the amount of
interest distributable with respect to the Class A-MFL Regular Interest pursuant
to Section 4.01(a)(iv) for such Distribution Date and required (or deemed) to be
deposited in the Floating Rate Account and (v) the excess, if any, of (A) the
amount of interest distributable with respect to the Class A-MFL Regular
Interest pursuant to Section 4.01(a)(iv) for such Distribution Date required (or
deemed) to be deposited in the Floating Rate Account exceeds (B) the product of
(x) 1/12, (y) 5.4160% per annum, and (z) the Class Principal Balance of the
Class A-MFL Certificates as of the last day of the calendar month immediately
prior to that Distribution Date.

            (d) Upon receiving written notice from the Swap Counterparty, as
calculation agent under the Swap Agreement, on the Business Day prior to each
Master Servicer Remittance Date of the value of Class A-MFL Fixed Swap Payment,
the Class A-MFL Floating Swap Payment, the Class A-MFL Net Fixed Swap Payment,
if any, and the Class A-MFL Net Floating Swap Payment, if any, in each case with
respect to the related Distribution Date, the Trustee shall promptly confirm
each such amount.

            (e) On each Distribution Date, the Trustee shall remit to the Swap
Counterparty the Class A-MFL Net Fixed Swap Payment, if any, that was deposited
into the Floating Rate Account on the immediately preceding Class A-MFL Swap
Payment Date, in accordance with this Agreement and the Swap Agreement; provided
that, upon and during the continuation of a Swap Default of the nature described
in clause (i) of the definition of "Swap Default" while the Trustee is pursuing
remedies under the Swap Agreement pursuant to this Section 3.28, or following
the termination of the Swap Agreement, the Trustee shall not make such payments
to the Swap Counterparty. Promptly upon receipt of any payment or other receipt
in respect of the Swap Agreement, the Trustee shall deposit the same into the
Floating Rate Account.

            (f) The Trustee shall at all times enforce the Trust's rights under
the Swap Agreement in a commercially reasonable manner. In the event of a Swap
Default, the Trustee shall (i) provide notice of such Swap Default on the date
of such default to the Swap Counterparty and (ii) promptly provide written
notice to the Holders of the Class A-MFL Certificates and shall be required to
take such actions (following the expiration of any applicable grace period
specified in the Swap Agreement), unless otherwise directed in writing by the
Holders of Certificates representing at least 25% of the Class Principal Balance
of the Class A-MFL Certificates, to enforce the rights of the Trust under the
Swap Agreement as may be permitted by the terms thereof, including termination
thereof, and use any Swap Termination Fees received from the Swap Counterparty
to enter into a replacement interest rate swap agreement on substantially
identical terms or on such other terms reasonably acceptable to the Trustee,
with a replacement swap counterparty, subject, in each case, to written
confirmation by the Rating Agencies that such action will not result in a
qualification, downgrade or withdrawal of the then-current ratings of the
Certificates. Notwithstanding the foregoing, the Trustee shall not be obligated
to take any enforcement action with respect to the Swap Agreement unless it
receives from the Holders of the Class A-MFL Certificates an indemnity or other
assurance of payment satisfactory to the Trustee with respect to the cost,
expenses and liabilities associated with enforcing the rights of the Trust under
the Swap Agreement, and no such costs, expenses or liabilities will be payable
out of the Trust Fund. If the costs attributable to entering into a replacement
interest rate swap agreement would exceed the amount of any Swap Termination
Fees, a replacement interest rate swap agreement shall not be entered into and
any such proceeds will instead be distributed, pro rata, to the holders of the
Class A-MFL Certificates on the immediately succeeding Distribution Date as part
of the Class A-MFL Interest Distribution Amount for such Distribution Date. If
any replacement swap counterparty pays any fee in connection with the execution
of any replacement interest rate swap agreement with the Trust, the Trustee
shall distribute such fee: first, to the Swap Counterparty in respect of the
terminated Swap Agreement, up to the amount of any termination payment owing to
the terminated Swap Counterparty under, and in connection with the termination
of, such Swap Agreement, and such fee (or applicable portion thereof) shall be
deemed to have been distributed first to the Depositor as compensation to the
Depositor under this Agreement and then from the Depositor to the Swap
Counterparty in respect of the terminated Swap Agreement, and then, any
remainder, to the Depositor. In the event the Swap Counterparty is the
defaulting party under the Swap Agreement, the Trustee, on behalf of the Trust,
shall use reasonable efforts to obtain a replacement swap counterparty, subject
to the limitations contained in this Section 3.28(f), provided that no costs or
expenses incurred in connection therewith will be payable out of the Trust Fund.

            (g) Any Class A-MFL Distribution Conversion shall become permanent
following the determination by the Trustee not to enter into a replacement
interest rate swap agreement and distribution of any Swap Termination Fees to
the Holders of the Class A-MFL Certificates. Any such Swap Default (or
termination of the Swap Agreement) and the consequent Class A-MFL Distribution
Conversion shall not, in and of itself, constitute an Event of Default under
this Agreement.

            (h) Upon any change in the payment terms on the Class A-MFL
Certificates, including as a result of a Class A-MFL Distribution Conversion,
termination of a Class A-MFL Distribution Conversion, a Swap Default or the cure
of a Swap Default, the Trustee shall promptly notify the Depository of the
change in payment terms.

            (i) In the event that the Swap Agreement is terminated and no
replacement interest rate swap agreement is entered into, the Trustee shall
provide notice of such termination to the Class A-MFL Certificateholders, which
notice shall include: "The Swap Agreement with respect to the Class A-MFL
Certificates is terminated as of [date]. Certificateholders and beneficial
owners that are Plans (or governmental plans subject to Similar Law) are advised
that the Underwriter Exemption will no longer apply to the Class A-MFL
Certificates, effective 60 days after the receipt of this notice. All
capitalized terms used in this notice shall have the meaning assigned to them in
the Pooling and Servicing Agreement."

                                   ARTICLE IV

                         PAYMENTS TO CERTIFICATEHOLDERS

            Section 4.01  Distributions

            (a) On each 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(c) with respect to each Class of Uncertificated Lower-Tier
Interests, and immediately thereafter, on each Distribution Date prior to the
date on which the Class Principal 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, shall make
distributions thereof from the Upper-Tier Distribution Account 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, (i) from that portion of the Available
      Distribution Amount attributable to Loan Group No. 1, to the Class A-1,
      Class A-2, Class A-AB and Class A-3 Certificates, pro rata, up to the
      Optimal Interest Distribution Amounts for each such Class for such
      Distribution Date, (ii) from that portion of the Available Distribution
      Amount attributable to Loan Group No. 2, to the Class A-1-A Certificates,
      up to the Optimal Interest Distribution Amount for such Class for such
      Distribution Date and (iii) from the entire Available Distribution Amount,
      to the Class A-X and Class A-SP Certificates, pro rata, up to the Optimal
      Interest Distribution Amounts for such Class for such Distribution Date;
      provided, however, that if the Available Distribution Amount for any
      Distribution Date (or the portion thereof attributable to any Group) is
      insufficient to pay in full the Optimal Interest Distribution Amount, as
      provided above, on such Distribution Date, then the entire Available
      Distribution Amount shall be applied to make distributions of interest to
      the Class A-1, Class A-2, Class A-AB, Class A-3, Class A-1-A, Class A-SP
      and Class A-X Certificateholders of, up to, and pro rata as among such
      Classes in accordance with, the respective Optimal Interest Distribution
      Amounts in respect of such Classes of Certificates for such Distribution
      Date;

            (ii) to the Class A-1, Class A-1-A, Class A-2, Class A-AB and Class
      A-3 Certificates, in reduction of the Class Principal 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-A Certificates, equal to the portion of the
      Principal Distribution Amount for such Distribution Date that is
      attributable to Loan Group No. 2, until the Class Principal Balance
      thereof has been reduced to zero;

            Second, to the Class A-AB Certificates, until the Class Principal
      Balance thereof has been reduced to the Class A-AB Targeted Principal
      Balance set forth for such Distribution Date on Exhibit P hereto (net of
      any portion thereof distributed on such Distribution Date to the Holders
      of the Class A-1-A Certificates pursuant to subclause first of this clause
      (ii));

            Third, to the Class A-1 Certificates, until the Class Principal
      Balance thereof has been reduced to zero (net of any portion thereof
      distributed on such Distribution Date to the Holders of the Class A-1-A
      and Class A-AB Certificates pursuant to a prior subclause of this clause
      (ii));

            Fourth, to the Class A-2 Certificates, until the Class Principal
      Balance thereof has been reduced to zero (net of any portion thereof
      distributed on such Distribution Date to the Holders of the Class A-1-A,
      Class A-AB and Class A-1 Certificates pursuant to a prior subclause of
      this clause (ii));

            Fifth, to the Class A-3 Certificates, until the Class Principal
      Balance thereof has been reduced to zero (net of any portion thereof
      distributed on such Distribution Date to the Holders of the Class A-1-A,
      Class A-AB, Class A-1 and Class A-2 Certificates pursuant to a prior
      subclause of this clause (ii));

            Sixth, to the Class A-AB Certificates, until the Certificate Balance
      thereof has been reduced to zero (net of any portion thereof distributed
      on such Distribution Date to the Holders of the Class A-1-A, Class A-AB,
      Class A-1, Class A-2 and Class A-3 Certificates pursuant to a prior
      subclause of this clause (ii)); and

            Seventh, to the Class A-1-A Certificates, until the Class
      Certificate Balance thereof has been reduced to zero (net of any
      distribution of principal made with respect to the Class A-1-A
      Certificates on such Distribution Date pursuant to subclause first of this
      clause (ii), up to an amount equal to the entire aggregate Principal
      Distribution Amount for such Distribution Date (net of any portion thereof
      distributed on such Distribution Date to the Holders of the Class A-1-A,
      Class A-1, Class A-2, Class A-AB and Class A-3 Certificates pursuant to a
      prior subclause of this clause (ii));

      provided, however, that, notwithstanding the immediately preceding
      subclauses First through Seventh, on each Distribution Date coinciding
      with or following the Senior Principal Distribution Cross-Over Date, and
      in any event on the Final Distribution Date in connection with the
      termination of the Trust Fund, the Trustee shall make distributions of
      principal to the Holders of the Class A-1, Class A-1-A, Class A-2, Class
      A-AB and Class A-3 Certificates, on a pro rata basis, in accordance with
      the respective Class Principal Balances of those Classes outstanding
      immediately prior to such Distribution Date, until the Class Principal
      Balance of each such Class has been reduced to zero, up to, in the
      aggregate, the entire Principal Distribution Amount for such Distribution
      Date;

            (iii) to the Class A-1, Class A-1-A, Class A-2, Class A-AB and Class
      A-3 Certificates, pro rata (based on the aggregate unreimbursed Realized
      Loss previously allocated to each such Class), until all amounts of such
      Realized Loss previously allocated to such Classes, but not previously
      reimbursed, have been reimbursed in full;

            (iv) to the Class A-M Certificates and the Class A-MFL Regular
      Interest, in respect of interest, pro rata up to the Optimal Interest
      Distribution Amount for such Class for such Distribution Date;

            (v) to the Class A-M Certificates and the Class A-MFL Regular
      Interest, in reduction of the Class Principal Balances thereof, on a pro
      rata basis, in accordance with the respective Class Principal Balances of
      those Classes outstanding immediately prior to such Distribution Date,
      until the Class Principal Balance of each such Class has been reduced to
      zero, in an aggregate amount up to the entire Principal Distribution
      Amount for such Distribution Date, until such Class Principal Balance has
      been reduced to zero;

            (vi) to the Class A-M Certificates and the Class A-MFL Regular
      Interest, on a pro rata basis (based on the aggregate unreimbursed
      Realized Loss previously allocated to each such Class), until all amounts
      of such Realized Loss previously allocated to such Classes, but not
      previously reimbursed, have been reimbursed in full;

            (vii) to the Class A-J Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (viii) to the Class A-J Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (ix) to the Class A-J Certificates, until all amounts of Realized
      Loss previously allocated to the Class A-J Certificates, but not
      previously reimbursed, have been reimbursed in full;

            (x) to the Class C Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (xi) to the Class C Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xii) to the Class C Certificates, until all amounts of Realized
      Loss previously allocated to the Class C Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xiii) to the Class D Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xiv) to the Class D Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xv) to the Class D Certificates, until all amounts of Realized Loss
      previously allocated to the Class D Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xvi) the Class E Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (xvii) to the Class E Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xviii) to the Class E Certificates, until all amounts of Realized
      Loss previously allocated to the Class E Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xix) to the Class F Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (xx) to the Class F Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxi) to the Class F Certificates, until all amounts of Realized
      Loss previously allocated to the Class F Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xxii) to the Class G Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xxiii) to the Class G Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxiv) to the Class G Certificates, until all amounts of Realized
      Loss previously allocated to the Class G Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xxv) to the Class H Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (xxvi) to the Class H Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxvii) to the Class H Certificates, until all amounts of Realized
      Loss previously allocated to the Class H Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xxviii) to the Class J Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xxix) to the Class J Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxx) to the Class J Certificates, until all amounts of Realized
      Loss previously allocated to the Class J Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xxxi) to the Class K Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xxxii) to the Class K Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxxiii) to the Class K Certificates, until all amounts of Realized
      Loss previously allocated to the Class K Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xxxiv) to the Class L Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xxxv) to the Class L Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxxvi) to the Class L Certificates, until all amounts of Realized
      Loss previously allocated to the Class L Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xxxvii) to the Class M Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xxxviii) to the Class M Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xxxix) to the Class M Certificates, until all amounts of Realized
      Loss previously allocated to the Class M Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xl) to the Class N Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (xli) to the Class N Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xlii) to the Class N Certificates, until all amounts of Realized
      Loss previously allocated to the Class N Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xliii) to the Class O Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xliv) to the Class O Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xlv) to the Class O Certificates, until all amounts of Realized
      Loss previously allocated to the Class O Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xlvi) to the Class P Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (xlvii) to the Class P Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (xlviii) to the Class P Certificates, until all amounts of Realized
      Loss previously allocated to the Class P Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (xlix) to the Class Q Certificates, in respect of interest, up to
      the Optimal Interest Distribution Amount for such Class for such
      Distribution Date;

            (l) to the Class Q Certificates, in reduction of the Class Principal
      Balance thereof, an amount up to the Remaining Principal Distribution
      Amount for such Distribution Date until such Class Principal Balance has
      been reduced to zero;

            (li) to the Class Q Certificates, until all amounts of Realized Loss
      previously allocated to the Class Q Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (lii) to the Class S Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (liii) to the Class S Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (liv) to the Class S Certificates, until all amounts of Realized
      Loss previously allocated to the Class S Certificates, but not previously
      reimbursed, have been reimbursed in full;

            (lv) to the Class T Certificates, in respect of interest, up to the
      Optimal Interest Distribution Amount for such Class for such Distribution
      Date;

            (lvi) to the Class T Certificates, in reduction of the Class
      Principal Balance thereof, an amount up to the Remaining Principal
      Distribution Amount for such Distribution Date until such Class Principal
      Balance has been reduced to zero;

            (lvii) to the Class T Certificates, until all amounts of Realized
      Loss previously allocated to the Class T Certificates, but not previously
      reimbursed, have been reimbursed in full; and

            (lviii) 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 Class Principal 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-AB, Class A-3, Class A-1-A, Class A-SP and Class A-X Certificates, pro
rata, in respect of the Optimal Interest Distribution Amount allocable to each
such Class; (ii) to the Class A-1, Class A-2, Class A-AB, Class A-3 and Class
A-1-A Certificates, pro rata, in reduction of the Class Principal 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, Class A-AB, Class A-3 and Class
A-1-A Certificates, pro rata (based on the aggregate unreimbursed Realized Loss
previously allocated to such Class) until all amounts of such Realized Loss
previously allocated to such Classes but not previously reimbursed have been
reimbursed in full.

            (b) [Reserved].

            (c) 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 Realized Loss
in an amount equal to the amount of principal or reimbursement of Realized Loss
distributable to such Uncertificated Lower-Tier Interest's respective Class of
Related Certificates as provided in Section 4.01(a); provided that where more
than one Class of Uncertificated Lower-Tier Interests relates to a particular
Class of Certificates, each such Class of Uncertificated Lower-Tier Interests
shall be deemed to receive principal distributions or reimbursements of Realized
Losses in the aggregate amount distributed to the Related Certificates in
numerical order (e.g., first, to LA-1-1, and then to LA-1-2) until each
Uncertificated Lower-Tier Interest is reduced to zero.

            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 Related Certificates (provided, that the interest distributed in
respect of a Class of Certificates having more than one Related Uncertificated
Lower-Tier Interest shall be allocated pro rata to such Uncertificated
Lower-Tier Interests, based on interest accrued) and (ii) the amount of interest
that will actually be distributed in respect of such Uncertificated Lower-Tier
Interest's Related Class A-X Component and, if applicable, the Related Class
A-SP Component. In all events, the amount accrued in respect of each
Uncertificated Lower-Tier Interest less the amount actually distributed in
respect of such Uncertificated Lower-Tier Interest shall equal the sum of (x)
the Interest Shortfall Amount allocated to such Uncertificated Lower-Tier
Interest's Related Certificate based on their respective Interest Shortfall
Amounts (in the case of a Class of Certificates having more than one Related
Uncertificated Lower-Tier Interest, allocated pro rata to such Uncertificated
Lower-Tier Interests, based on their respective Interest Shortfall Amounts) and
(y) the Interest Shortfall Amount allocated to the Related 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(c) and Section 4.01(d) and payment of expenses of the Trust
Fund shall be distributed to the Class LR Certificates.

            Such amounts distributed to the Uncertificated Lower-Tier Interests
in respect of principal, interest and reduction of Realized Loss with respect to
any Distribution Date are referred to herein collectively as the "Lower-Tier
Distribution Amount" and shall be deemed to be deposited by the Trustee on such
Distribution Date in the Upper-Tier Distribution Account, with a credit for
amounts distributed in respect of the Class LA-MFL Uncertificated Interest in
respect of the Class A-MFL Net Fixed Swap Payment on the preceding Class A-MFL
Swap Payment Date pursuant to Section 3.04(b) and Section 3.28(e).

            As of any date, payments of principal in respect of the Mortgage
Loans and the Realized Loss shall be allocated to the Uncertificated Lower-Tier
Interests such that the sum of the principal balance after application of any
Realized Loss of each Uncertificated Lower-Tier Interest (or Interests, in the
case of Certificates having more than one Related Uncertificated Lower-Tier
Interest) and the cumulative amount of Realized Loss allocated to such
Uncertificated Lower-Tier Interest (or Interests) equals the Class Principal
Balance of the Related Certificates after the application of any Realized Loss
with respect thereto and the cumulative amount of Realized Loss allocated to
such Class of Related Certificates. The initial principal balance 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 will be the Weighted Average Net Mortgage Rate.

            Interest Shortfall Amounts allocated to the Class A-X and Class A-SP
Certificates shall be attributed to the Related Uncertificated Lower-Tier
Interests to the extent of the Related Components, pro rata, based on interest
accrued on such Components. Any amounts so allocated shall have the same
seniority as interest payments due on the Class A-X or Class A-SP Certificates,
as applicable. Prepayment Interest Shortfalls shall be allocated to each Class
of Uncertificated Lower-Tier Interests pro rata on the basis of their respective
interest entitlements.

            (d) On each Master Servicer Remittance Date, the Master Servicer
shall remit to the Trustee all Yield Maintenance Charges for deposit in the
Lower-Tier Distribution Account for payment to the Uncertificated Lower-Tier
Interests. On each Distribution Date, the Trustee shall be deemed to withdraw
from the Lower-Tier Distribution Account an aggregate amount equal to all Yield
Maintenance Charges actually collected on the Loans or any REO Loans during the
related Collection Period and shall be deemed to distribute such amount to the
Uncertificated Lower-Tier Interests, pro rata in proportion to their outstanding
Lower-Tier Principal Amounts.

            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 Collection
Period and remitted in respect of the Uncertificated Lower-Tier Interests
pursuant to Section 4.01(d), and shall distribute such amounts as follows: to
the Class A-1, Class A-2, Class A-AB, Class A-3, Class A-1-A, Class A-M, Class
A-J, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J and
Class K Certificates and the Class A-MFL Regular Interest, in an amount equal to
the product of (x) a fraction whose numerator is the amount distributed as
principal to such Class on such Distribution Date that is attributable to the
Loan Group that includes the prepaid Mortgage Loan, and whose denominator is the
total amount distributed as principal to the Class A-1, Class A-2, Class A-AB,
Class A-3, Class A-1-A, Class A-M, Class A-J, Class B, Class C, Class D, Class
E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class
O, Class P, Class Q, Class S and Class T Certificates and the Class A-MFL
Regular Interest on such Distribution Date that is attributable to the Loan
Group that includes the prepaid Mortgage Loan, (y) the Base Interest Fraction
for the related Principal Prepayment and such Class of Certificates and (x) the
aggregate amount of Yield Maintenance Charges collected on such Principal
Prepayment during the related Collection Period. Any Yield Maintenance Charges
collected during the related Collection Period remaining after the distributions
contemplated in the prior two sentences shall be distributed (i) for each of the
first 12 Distribution Dates, if the Class A-SP Certificates are then
outstanding, 35% of such amount to the Holders of the Class A-SP Certificates
and 65% of such amount to the Holders of the Class A-X Certificates; (ii) for
each of the next 12 Distribution Dates, if the Class A-SP Certificates are then
outstanding, 14.5% of such amount to the Holders of the Class A-SP Certificates
and 85.5% of such amount to the Holders of the Class A-X Certificates; (iii) for
each of the next 12 Distribution Dates, if the Class A-SP Certificates are then
outstanding, 3% of such amount to the Holders of the Class A-SP Certificates and
97% of such amount to the Holders of the Class A-X Certificates; and (iv)
otherwise, entirely to the Holders of the Class A-X Certificates. For purposes
of determining the portion of any Yield Maintenance Charge that is distributable
to the Holders of any Class of Yield Maintenance Certificates and the Class
A-MFL Regular Interest on any Distribution Date, the relevant "Yield Rate" shall
be the same yield or discount rate (exclusive of any applicable spread) used to
calculate such Yield Maintenance Charge, with such yield or discount rate
(exclusive of any applicable spread) converted to a monthly equivalent rate
(regardless of whether any similar conversion occurred at the loan level). The
relevant Yield Rate shall be provided promptly by the Master Servicer to the
Trustee.

            (e) On any applicable Distribution Date, (i) the Trustee shall
withdraw from the Post-ARD Additional Interest Distribution Account any Post-ARD
Additional Interest collected in respect of the Mortgage Loans for such
Distribution Date and shall distribute such amount to the Class V Certificates;
and (ii) with respect to amounts on deposit in the Excess Liquidation Proceeds
Reserve Account, the Trustee shall distribute such amount to the
Certificateholders, in sequential order, after first distributing such amount
from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Related
Uncertificated Lower-Tier Interest, as reimbursement for previously allocated
Realized Losses and shall distribute all amounts remaining in the Excess
Liquidation Proceeds Reserve Account thereafter to the holders of the Class LR
Certificates.

            (f) All distributions made with respect to each Class on each
Distribution Date shall be allocated pro rata among the outstanding Certificates
of such Class based on their respective Percentage Interests. Except as
otherwise specifically provided in Sections 4.01(g), 4.01(h) 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 no later than the related Record Date (which wiring instructions
may be in the form of a standing order applicable to all subsequent Distribution
Dates) and 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
Realized Loss 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
Depositor, the Master Servicer, the Special Servicer, the Underwriters or the
Initial Purchaser shall have any responsibility therefor except as otherwise
provided by this Agreement or applicable law.

            (g) 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 Realized Loss previously allocated to such Class of Certificates)
will be made on the next Distribution Date, the Trustee shall, as soon as
practicable 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 Section 4.01(h).

            (h) Distributions in reimbursement of Realized Loss previously
allocated to the Regular Certificates (other than the Class A-MFL Certificates)
and the Class A-MFL Regular Interest 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 Realized Loss 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 Realized Loss was
allocated to the Uncertificated Lower-Tier REMIC Interests pursuant to Section
4.04(b). Notice of any such distribution to a prior Holder shall be made in
accordance with Section 11.05 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(f) as if such Holder had failed to surrender
its Certificates.

            (i) Notwithstanding anything in this Agreement to the contrary, all
distributions allocable to the Class A-MFL Regular Interest shall be deposited
(or deemed deposited) into the Floating Rate Account pending distribution
thereof to the Class A-MFL Certificateholders and/or with respect to interest
distributions, the Swap Counterparty. In addition, for so long as the Swap
Agreement remains in effect, amounts described in this Agreement as being
distributable on or allocable to the Class A-MFL Regular Interest with respect
to any Distribution Date (including distributions of Yield Maintenance Charges)
shall be determined (taking into account all of the applicable payment
priorities and the then known available funds) as of the Class A-MFL Swap
Payment Date preceding such Distribution Date, and the Class A-MFL Net Fixed
Swap Payment and other amounts due the Swap Counterparty will be deemed to be
withdrawn from the Distribution Account and transferred to the Floating Rate
Account on such Class A-MFL Swap Payment Date, and the balance of the amount
distributable to Class A-MFL Certificateholders shall be deemed to be
transferred to the Floating Rate Account on the related Distribution Date.

            Subject to Section 3.28, on each Distribution Date, the Trustee
shall apply amounts on deposit in the Floating Rate Account for the following
purposes and in the following order of priority, in each case to the extent of
the Class A-MFL Available Funds for such Distribution Date:

            (i) to make distributions of interest to the Holders of the Class
      A-MFL Certificates, up to the Class A-MFL Interest Distribution Amount for
      such Distribution Date;

            (ii) to make distributions of principal to the Holders of the Class
      A-MFL Certificates, in reduction of the Class Principal Balance thereof,
      up to the Class A-MFL Principal Distribution Amount for such Distribution
      Date, until such Class Principal Balance has been reduced to zero;

            (iii) to reimburse the Holders of the Class A-MFL Certificates,
      until all amounts of Realized Loss previously allocated to the Class A-MFL
      Certificates, but not previously reimbursed, have been reimbursed in full;
      and

            (iv) to the Holders of the Class A-MFL Certificates, any remaining
      amount.

            (j) For so long as the Swap Agreement is in effect and there is no
default thereunder as set forth in clause (i) of the definition of Swap Default
on the part of the Swap Counterparty, all Yield Maintenance Charges allocable to
the Class A-MFL Regular Interest shall be payable to the Swap Counterparty
pursuant to the terms of the Swap Agreement. However, during the occurrence of a
default thereunder as set forth in clause (i) of the definition of Swap Default
on the part of the Swap Counterparty under the Swap Agreement or if the Swap
Agreement is terminated and a replacement Swap Agreement is not obtained, then
all Yield Maintenance Charges distributed to the Floating Rate Account with
respect to the Class A-MFL Regular Interest shall be distributed by the Trustee
to the Holders of the Class A-MFL Certificates on the subject Distribution Date.

            (k) Any termination payments due to the Swap Counterparty under the
Swap Agreement shall be payable solely, as contemplated by Section 3.28, out of
any upfront payment made by a replacement swap counterparty and otherwise
payable to the Depositor.

            (l) 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 Class Principal Balance thereof is
reduced to zero, and then is allocated to the next most subordinate Class of
Certificate then outstanding. Such shortfalls shall be allocated to the
Uncertificated Lower-Tier Interests in the same manner as Realized Losses.

            (m) The rights of the Certificateholders and the Class A-MFL Regular
Interest to receive distributions from the proceeds of the Trust Fund in respect
of their Certificates, and all rights and interests of the Certificateholders
and the Class A-MFL Regular Interest in and to such distributions, shall be as
set forth in this Agreement. Neither the Holders of any Class of Certificates
nor the Class A-MFL Regular Interest nor any party hereto shall in any way be
responsible or liable to the Holders of any other Class of Certificates in
respect of amounts previously distributed on the Certificates in accordance with
this Agreement.

            Section 4.02  Trustee Report; Certain Other Reports

            (a) Based solely on information provided to the Trustee by the
Master Servicer pursuant to Section 3.12 and this Section 4.02, the Trustee
shall prepare (or cause to be prepared) and, on each Distribution Date, provide
or make available electronically (or, upon request, by first class mail) to each
Privileged Person a statement substantially in the form of, and containing the
information set forth in, Exhibit E hereto (the "Trustee Report"), detailing the
distributions on such Distribution Date and the performance, both in the
aggregate and individually to the extent available, of the Mortgage Loans and
the Mortgaged Properties; provided that the Trustee need not deliver to any
Privileged Person or the Controlling Class Representative any Trustee Report
that has been made available to such Person via the Trustee's Website as
provided below; and provided, further, that the Trustee has no affirmative
obligation to discover the identities of Certificate Owners and need only react
to Persons claiming to be Certificate Owners in accordance with Section 5.06;
and provided, further, that during any period that reports are required to be
filed with the Commission with respect to the Trust pursuant to Section 15(d) of
the Exchange Act, each recipient of the Trustee Report shall be deemed to have
agreed to keep confidential the information therein until such Trustee Report is
filed with the Commission.

            The Trustee shall have no obligation to provide the information or
reports described in this Section 4.02(a) until it has received the requisite
information or reports from the Master Servicer provided for herein, and the
Trustee shall not be in default hereunder due to a delay in providing the
Certificateholder Reports caused by the Master Servicer's or the Special
Servicer's failure to timely deliver any information or reports hereunder. None
of the Master Servicer, the Special Servicer or the Trustee shall be responsible
for the accuracy or completeness of any information supplied to it by a
Borrower, each other or a third party, and accepted by it in good faith, that is
included in any reports, statements, materials or information prepared or
provided by the Master Servicer, the Special Servicer or the Trustee, as
applicable. None of the Trustee, the Master Servicer or the Special Servicer
shall have any obligation to verify the accuracy or completeness of any
information provided by a Borrower, a third party or each other.

            The Trustee shall make available each month, to the general public,
the related Trustee Report via its Website initially located at
"www.ctslink.com." In addition, the Trustee shall make available each month, via
its Website to the extent received by the Trustee, on a restricted basis solely
to Privileged Persons, (i) the Unrestricted Master Servicer Reports, (ii) the
CMSA Loan Periodic Update File, the CMSA Loan Setup File, CMSA Bond Level File
and the CMSA Collateral Summary File, (iii) and any other report at the
direction of the Depositor and (iv) as a convenience to the general public (and
not in furtherance of the distribution thereof under the securities laws), the
Prospectus and this Agreement. Upon notification by the Depositor that Credit
Suisse has sold the Non-Registered Certificates to unaffiliated third parties,
the Trustee shall remove the restriction provided for in the preceding sentence
and shall make such reports and documents available to the general public. The
Trustee shall also make available each month, on a restricted basis to any
Privileged Person via its Website, to the extent received by the Trustee, (i)
the Restricted Master Servicer Reports, (ii) the CMSA Property File and (iii)
any other report at the direction of the Depositor. During any period that
reports are required to be filed with the Commission with respect to the Trust
pursuant to Section 15(d) of the Exchange Act, each recipient of information
regarding the Trust on the Trustee's Website shall be deemed to have agreed to
keep confidential such information until such information is filed with the
Commission, and the Trustee's Website shall bear a legend to the following
effect:

            No recipient shall use or disclose the information contained
            on this website in any manner which could result in a
            violation of any provision of the Securities Act of 1933 or
            the Securities Exchange Act of 1934 or would require
            registration of any Non-Registered Certificates pursuant to
            Section 5 of the Securities Act of 1933.

            The Trustee makes no representations or warranties as to the
accuracy or completeness or any report, document or other information made
available on its 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 Trustee's Website, the
Trustee may require registration and (i) that any such Certificateholder or
Certificate Owner, as the case may be, has delivered a certification
substantially in the form of Exhibit K-1 to the Trustee and (ii) that any
prospective investor has delivered a certification substantially in the form of
Exhibit K-2 to the Trustee. The Trustee shall not be liable for the
dissemination of information in accordance herewith. Questions regarding the
Trustee's Website can be directed to the Trustee's CMBS customer service desk at
(301) 815-6600 or such other number as the Trustee may hereinafter specify.

            The Trustee shall be entitled to rely on but shall not be
responsible for the content or accuracy of any information provided by third
parties for purposes of preparing the Trustee Report and may affix thereto any
disclaimer it deems appropriate in its reasonable discretion (without suggesting
liability on the part of any other party hereto).

            (b) By 12:00 p.m. New York City time on the second Business Day
following each Determination Date, the Master Servicer shall deliver to the
Trustee the CMSA Loan Periodic Update File and supplemental reports reflecting
information as of the close of business on the last day of the Collection Period
with respect to the Mortgage Loans, in a mutually agreeable electronic format.
Such CMSA Loan Periodic Update File and any written information supplemental
thereto shall include such information that is reasonably required by the
Trustee for purposes of making the calculations and preparing the reports for
which the Trustee is responsible pursuant to Section 4.01, this Section 4.02,
Section 4.04 or any other section of this Agreement, as set forth in reasonable
written specifications or guidelines issued by the Trustee from time to time.
Such information may be delivered by the Master Servicer to the Trustee in such
electronic or other form as may be reasonably acceptable to the Trustee and such
Master Servicer.

            Notwithstanding the foregoing, because the Master Servicer will not
receive the Servicing Files until the Closing Date and will not have sufficient
time to review and analyze such Servicing Files before the initial Distribution
Date, the parties agree that the CMSA Loan Periodic Update File required to be
delivered in April 2007 will be based solely upon information generated from
actual collections received by the Master Servicer and from information the
Depositor delivers or causes to be delivered to the Master Servicer (including
but not limited to information prepared by third party servicers of the Mortgage
Loans with respect to the period prior to the Closing Date). The Special
Servicer shall from time to time (and, in any event, as may be reasonably
required by the Master Servicer) provide such Master Servicer with such
information in its possession regarding the Specially Serviced Mortgage Loans
and the related REO Properties as may be necessary for such Master Servicer to
prepare each report and any supplemental information to be provided by such
Master Servicer to the Trustee.

            Notwithstanding the foregoing, the failure of the Master Servicer or
Special Servicer to disclose any information otherwise required to be disclosed
pursuant to Section 4.02(a), this Section 4.02(b) or Section 4.02(c) shall not
constitute a breach of Section 4.02(a), this Section 4.02(b) or of Section
4.02(c) to the extent such Master Servicer or such Special Servicer so fails
because such disclosure, in the reasonable belief of such Master Servicer or
such Special Servicer, as the case may be, would violate any applicable law or
any provision of a Mortgage Loan Document prohibiting disclosure of information
with respect to the Mortgage Loans or the Mortgaged Properties, would constitute
a waiver of the attorney-client privilege on behalf of the Trust or would
otherwise materially harm the Trust Fund. The Master Servicer or the Special
Servicer may affix to any information provided by it any disclaimer it deems
appropriate in its reasonable discretion (without suggesting liability on the
part of any other party hereto).

            (c) Within a reasonable period of time after the end of each
calendar year, the Trustee shall prepare, or cause to be prepared, and mail to
each Person who at any time during the calendar year was a Certificateholder (i)
a statement containing the aggregate information set forth on page 2 of Exhibit
B to the Prospectus Supplement for such calendar year or applicable portion
thereof during which such person was a Certificateholder and (ii) such other
customary information as the Trustee deems necessary or desirable for
Certificateholders to prepare their federal, state and local income tax returns,
including the amount of original issue discount accrued on the Certificates, if
applicable. The obligations of the Trustee in the immediately preceding sentence
shall be deemed to have been satisfied to the extent that substantially
comparable information shall be provided by the Trustee pursuant to any
requirements of the Code. As soon as practicable following the request of any
Certificateholder in writing, the Trustee shall furnish to such
Certificateholder such information regarding the Mortgage Loans and the
Mortgaged Properties as such Certificateholder may reasonably request and, as
has been furnished to, or may otherwise be in the possession of, the Trustee.
The Master Servicer and the Special Servicer shall promptly provide to the
Depositor and the Trustee such information regarding the Mortgage Loans and the
related Mortgaged Properties as such party may reasonably request and that has
been furnished to, or may otherwise be in the possession of, such Master
Servicer or such Special Servicer, as the case may be.

            Section 4.03  P&I Advances

            (a) On or before 1:00 p.m., New York City time, on each Master
Servicer Remittance Date, the Master Servicer shall, subject Section 4.03(c),
either (i) remit from its own funds to the Trustee for deposit into the
Lower-Tier Distribution Account an amount equal to the aggregate amount of P&I
Advances, if any, to be made by the Master Servicer in respect of the Mortgage
Pool for the related Distribution Date, (ii) apply amounts held in the
Collection Account for future distribution to Certificateholders in subsequent
months in discharge of any such obligation to make such P&I Advances, or (iii)
make such P&I Advances in the form of any combination of (i) and (ii)
aggregating the total amount of such P&I Advances to be made. Any amounts held
in the Collection Account for future distribution and so used to make P&I
Advances in respect of the Mortgage Pool shall be appropriately reflected in the
Master Servicer's records and replaced by the Master Servicer by deposit in the
Collection Account prior to the next succeeding Master Servicer Remittance Date
(to the extent not previously replaced through the deposit of Late Collections
of the delinquent principal and interest in respect of which such P&I Advances
were made). If, as of 3:30 p.m., New York City time, on any Master Servicer
Remittance Date, the Master Servicer shall not have made any P&I Advance
required to be made by it in respect of the Mortgage Pool on such date pursuant
to this Section 4.03(a) (and shall not have delivered to the Trustee the
Officer's Certificate and other documentation related to a determination of
nonrecoverability of a P&I Advance pursuant to Section 4.03(c)) or to the actual
knowledge of a Responsible Officer of the Trustee shall not have remitted any
portion of the Master Servicer Remittance Amount required to be remitted by the
Master Servicer on such date, then the Trustee shall provide notice of such
failure to such Master Servicer by facsimile transmission as soon as possible,
but in any event before 5:00 p.m., New York City time, on such Master Servicer
Remittance Date. If after such notice the Trustee does not receive the full
amount of such P&I Advances in respect of the Mortgage Pool by 11:00 a.m., New
York City time, on the related Distribution Date, then the Trustee shall (not
later than 12:00 noon, New York City time, on the related Distribution Date)
make the portion of such P&I Advances that was required to be, but was not, made
or remitted, as the case may be, by such Master Servicer with respect to the
related Distribution Date, provided that no Master Servicer, Special Servicer or
the Trustee shall make any P&I Advance with respect to any B Loan.

            (b) The aggregate amount of P&I Advances to be made by the Master
Servicer in respect of any Distribution Date, subject to Section 4.03(c) below,
shall equal the aggregate of all Monthly Payments (other than Balloon Payments)
and any Assumed Monthly Payments, in each case net of any related Master
Servicing Fees and Workout Fees, due or deemed due, as the case may be, in
respect of the Mortgage Loans (including Balloon Mortgage Loans delinquent as to
their respective Balloon Payments) and any REO Mortgage Loans on their
respective Due Dates during the related Collection Period, in each case to the
extent such amount was not paid by or on behalf of the related Borrower or
otherwise collected by or on behalf of the Trust as of the close of business on
the related Determination Date; provided that, if an Appraisal Reduction Amount
exists with respect to any Required Appraisal Loan, then the interest portion of
any P&I Advance required to be made in respect of such Required Appraisal Loan
for the related Distribution Date shall be reduced (it being herein acknowledged
that there shall be no reduction in the principal portion of such P&I Advance)
to equal the product of (i) the amount of the interest portion of such P&I
Advance that would otherwise be required to be made in respect of such Required
Appraisal Loan for such Distribution Date without regard to this proviso,
multiplied by (ii) a fraction, expressed as a percentage, the numerator of which
shall equal the Stated Principal Balance of such Required Appraisal Loan
immediately prior to such Distribution Date, net of the related Appraisal
Reduction Amount, and the denominator of which shall equal the Stated Principal
Balance of such Required Appraisal Loan immediately prior to such Distribution
Date.

            (c) Notwithstanding anything herein to the contrary, no P&I Advance
shall be required to be made hereunder if such P&I Advance would, if made,
constitute a Nonrecoverable P&I Advance. In making such recoverability
determination, the Master Servicer, the Special Servicer and the Trustee, as
applicable, will be entitled to (i) give due regard to the existence of any
Nonrecoverable Advance or Workout-Delayed Reimbursement Amount with respect to
other Mortgage Loans, the recovery of which, at the time of such consideration,
is being deferred or delayed by the Master Servicer or the Trustee, as
applicable, in light of the fact that proceeds on the related Mortgage Loan are
a source of recovery not only for the P&I Advance under consideration, but also
as a potential source of recovery of such Nonrecoverable Advance or
Workout-Delayed Reimbursement Amount which is being or may be deferred or
delayed and (ii) consider (among other things) the obligations of the Borrower
under the terms of the related Mortgage Loan (or the related A/B Loan Pair, as
applicable) as it may have been modified, to consider (among other things) the
related Mortgaged Properties in their "as is" or then current conditions and
occupancies, as modified by such party's assumptions (consistent with the
applicable Servicing Standard in the case of the Master Servicer and the Special
Servicer) regarding the possibility and effects of future adverse change with
respect to such Mortgaged Properties, to estimate and consider (consistent with
the applicable Servicing Standard in the case of the Master Servicer and the
Special Servicer) (among other things) future expenses and to estimate and
consider (among other things) the timing of recoveries.

            The determination by any Person with an obligation hereunder to make
P&I Advances that it 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
made by such Person in its reasonable judgment and shall be evidenced by an
Officer's Certificate delivered promptly to the Depositor, the Trustee (unless
it is the Person making such determination) and the Controlling Class
Representative setting forth the basis for such determination, accompanied by a
copy of an Appraisal of the related Mortgaged Property or REO Property performed
within the 12 months preceding such determination, and further accompanied by
any other information, including engineers' reports, environmental surveys or
similar reports, that such Person may have obtained and that support such
determination.

            Neither the Master Servicer nor the Trustee shall make any P&I
Advances with respect to delinquent amounts due on any B Loan. If an Appraisal
of the related Mortgaged Property shall not have been obtained within the prior
12 month period (and the Master Servicer and the Trustee shall each request any
such appraisal from the Special Servicer prior to ordering an Appraisal pursuant
to this sentence) or if such an Appraisal shall have been obtained but as a
result of unforeseen occurrences, such Appraisal does not, in the good faith
determination of the Master Servicer, the Special Servicer or the Trustee,
reflect current market conditions, and the Master Servicer or the Trustee, as
applicable, and the Special Servicer cannot agree on the appropriate downward
adjustment to such Appraisal, such Master Servicer, the Special Servicer or the
Trustee, as the case may be, may, subject to its reasonable and good faith
determination that such Appraisal will demonstrate the nonrecoverability of the
related Advance, obtain an Appraisal for such purpose at the expense of the
Trust Fund (and, in the case of any A/B Loan Pair, first of the related B Loan
Holders, if any, and second, to the extent such expense remains unpaid, of the
Trust Fund).

            (d) The Master Servicer and the Trustee shall each be entitled to
receive interest at the Reimbursement Rate in effect from time to time, accrued
on the amount of each P&I Advance made thereby (with its own funds), for so long
as such P&I Advance is outstanding (or, if such P&I Advance was made prior to
the end of any grace period applicable to the subject delinquent Monthly
Payment, for so long as such P&I Advance is outstanding following the end of
such grace period). Such interest with respect to any P&I Advance shall be
payable: (i) first, in accordance with Sections 3.05 and 3.26, out of any
Default Charges subsequently collected on the particular Mortgage Loan or REO
Mortgage Loan as to which such P&I Advance relates; and (ii) then, after such
P&I Advance is reimbursed, but only if and to the extent that such Default
Charges are insufficient to cover such Advance Interest, out of general
collections on the Mortgage Loans and REO Properties on deposit in the
Collection Account; provided that interest earned on any P&I Advances made with
respect to the A Loan of an A/B Loan Pair or any successor REO Mortgage Loan in
respect thereof shall be payable out of the related A/B Loan Pair Custodial
Account, to the maximum extent permitted by the related A/B Intercreditor
Agreement, before being paid out of general collections on the Mortgage Pool on
deposit in the Collection Account. The Master Servicer shall reimburse itself or
the Trustee, as applicable, for any outstanding P&I Advance made in respect of a
Mortgage Loan or an REO Mortgage Loan as soon as practicable after funds
available for such purpose are deposited in the Collection Account.
Notwithstanding the foregoing, upon a determination that a P&I Advance
previously made with respect to the Mortgage Pool is a Nonrecoverable P&I
Advance, the Master Servicer may reimburse itself or the Trustee, as applicable,
immediately from general collections in the Collection Account, such
reimbursement to be made first from the Loan Group as to which the
Nonrecoverable P&I Advance relates and then out of the other Loan Group.
Notwithstanding the foregoing, as contemplated by Section 3.05(a)(vii), instead
of obtaining reimbursement out of general collections on the Mortgage Pool
immediately, the Master Servicer or the Trustee, as applicable, may, in its sole
discretion, after reimbursement of such amounts up to the principal portions of
general collections, elect to obtain reimbursement for such Nonrecoverable P&I
Advance over a period of time (not to exceed 12 months) and the unreimbursed
portion of such P&I Advance will accrue interest at the Reimbursement Rate in
effect from time to time. The Master Servicer must reimburse itself each month
up to the amount of such collections otherwise allocable as principal. At any
time after such a determination to obtain reimbursement over time in accordance
with the preceding sentence, the Master Servicer or the Trustee, as applicable,
may, in its sole discretion, decide to obtain reimbursement immediately. The
Master Servicer's or the Trustee's, as applicable, agreement to defer
reimbursement of any eligible portion of a Nonrecoverable P&I Advance as set
forth above is an accommodation to the Certificateholders and shall not be
construed as an obligation on the part of the Master Servicer or the Trustee, as
applicable, or a right of the Certificateholders. Nothing herein shall be deemed
to create in the Certificateholders a right to prior payment of distributions
over the Master Servicer's or the Trustee's, as applicable, right to
reimbursement for P&I Advances (deferred or otherwise). The fact that a decision
to recover such Nonrecoverable P&I Advance over time, or not to do so, benefits
some Classes of Certificateholders to the detriment of other Classes shall not
constitute a violation of the Servicing Standard by the Master Servicer or a
breach of any fiduciary duty owed to the Certificateholders by the Trustee, or a
breach of any other contractual obligation owed to the Certificateholders by any
party to this Agreement. In no event shall interest accrue in accordance with
this Section 4.03(d) on any P&I Advance as to which the corresponding Late
Collection was received by or on behalf of the Trust as of the related Master
Servicer Remittance Date. No Master Servicer shall be entitled to Advance
Interest to the extent a payment is received but is being held by or on behalf
of such Master Servicer in suspense.

            Section 4.04 Allocation of Realized Losses and Additional Trust
                         Fund Expenses

            (a) On each Distribution Date, following the distributions to
Certificateholders to be made on such date pursuant to Sections 4.01, the
Trustee shall determine the amount, if any, by which (i) the then aggregate of
the Class Principal Balances of all the Classes of Principal Balance
Certificates, exceeds (ii) the aggregate Stated Principal Balance (for purposes
of this calculation only, not giving effect to any reductions of the Stated
Principal Balance for payments of principal collected on the Mortgage Loans that
were used to reimburse any Nonrecoverable Advances and Workout-Delayed
Reimbursement Amounts pursuant to Section 3.05(a)(vi), other than Principal
Distribution Amounts used to reimburse Nonrecoverable Advances or
Workout-Delayed Reimbursement Amounts with respect to Mortgage Loans for which a
Final Recovery Determination has been made) of the Mortgage Pool that will be
outstanding immediately following such Distribution Date. If such excess does
exist, then the respective Class Principal Balances of the Principal Balance
Certificates will be reduced sequentially, in the following order, until such
excess is reduced to zero: first, the Class Principal Balance of the Class T
Certificates, until such Class Principal Balance is reduced to zero; second, the
Class Principal Balance of the Class S Certificates, until such Class Principal
Balance is reduced to zero; third, the Class Principal Balance of the Class Q
Certificates, until such Class Principal Balance is reduced to zero; fourth, the
Class Principal Balance of the Class P Certificates, until such Class Principal
Balance is reduced to zero; fifth, the Class Principal Balance of the Class O
Certificates, until such Class Principal Balance is reduced to zero; sixth, the
Class Principal Balance of the Class N Certificates, until such Class Principal
Balance is reduced to zero; seventh, the Class Principal Balance of the Class M
Certificates, until such Class Principal Balance is reduced to zero; eighth, the
Class Principal Balance of the Class L Certificates, until such Class Principal
Balance is reduced to zero; ninth, the Class Principal Balance of the Class K
Certificates, until such Class Principal Balance is reduced to zero; tenth, the
Class Principal Balance of the Class J Certificates, until such Class Principal
Balance is reduced to zero; eleventh, the Class Principal Balance of the Class H
Certificates, until such Class Principal Balance is reduced to zero; twelfth,
the Class Principal Balance of the Class G Certificates, until such Class
Principal Balance is reduced to zero; thirteenth, the Class Principal Balance of
the Class F Certificates, until such Class Principal Balance is reduced to zero;
fourteenth, the Class Principal Balance of the Class E Certificates, until such
Class Principal Balance is reduced to zero; fifteenth, the Class Principal
Balance of the Class D Certificates, until such Class Principal Balance is
reduced to zero; sixteenth, the Class Principal Balance of the Class C
Certificates, until such Class Principal Balance is reduced to zero;
seventeenth, the Class Principal Balance of the Class B Certificates, until such
Class Principal Balance is reduced to zero; eighteenth, the Class Principal
Balance of the Class A-J Certificates, until such Class Principal Balance is
reduced to zero; nineteenth, the respective Class Principal Balances of the
Class A-M Certificates and the Class A-MFL Regular Interest (on a pro rata basis
in accordance with the relative sizes of such Class Principal Balances), until
such Class Principal Balance is reduced to zero; and twentieth, the respective
Class Principal Balances of the Class A-1 Certificates, the Class A-2
Certificates, Class A-AB Certificates, Class A-3 Certificates and the Class
A-1-A Certificates (on a pro rata basis in accordance with the relative sizes of
such Class Principal Balances, until such Class Principal Balances are reduced
to zero. All such reductions in the Class Principal Balances of the respective
Classes of the Principal Balance Certificates shall constitute allocations of
Realized Losses and Additional Trust Fund Expenses. Any Realized Loss allocated
to a Class of Certificates will be allocated among respective Certificates of
such Class in proportion to the Percentage Interests evidenced thereby.

            (b) With respect to any Distribution Date, any Realized Loss
allocated to a Class of Certificates pursuant to Section 4.04(a) with respect to
such Distribution Date shall reduce the Lower-Tier REMIC Amount of the Related
Uncertificated Lower-Tier REMIC Interest (or, in the case of a Class of
Certificates having more than one Related Uncertificated Lower-Tier Interest, of
the Related Uncertificated Lower-Tier REMIC Interests) as provided in Section
4.01(c).

            Section 4.05 Calculations

            Provided that the Trustee receives the necessary information from
the Master Servicer and/or the Special Servicer, the Trustee shall be
responsible for performing all calculations necessary in connection with the
actual and deemed distributions to be made pursuant to Section 4.01, the
preparation of the Trustee Reports pursuant to Section 4.02(a) and the actual
and deemed allocations of Realized Losses and Additional Trust Fund Expenses to
be made pursuant to Section 4.04. The Trustee shall calculate the Available
Distribution Amount for each Distribution Date and shall allocate such amounts
among Certificateholders in accordance with this Agreement. Absent actual
knowledge of an error therein, the Trustee shall have no obligation to
recompute, recalculate or otherwise verify any information provided to it by the
Master Servicer. The calculations by the Trustee contemplated by this Section
4.05 shall, in the absence of manifest error, be presumptively deemed to be
correct for all purposes hereunder.

            Section 4.06 Grantor Trust Reporting

            The parties intend that the portions of the Trust Fund consisting of
the (i) Post-ARD Additional Interest and the Post-ARD Additional Interest
Distribution Account, beneficially owned by the Holders of the Class V
Certificates and (ii) the Class A-MFL Regular Interest, the Swap Agreement and
the Floating Rate Account, beneficially owned by the Holders of the Class A-MFL
Certificates shall constitute, and that the affairs of such portions of the
Trust Fund shall be conducted so as to cause such portions to be treated as a
Grantor Trust. In furtherance of such intention, the Trustee agrees not to vary
the investment of the Class V Certificateholders or the Class A-MFL
Certificateholders in the Grantor Trust with a view to taking advantage of
fluctuations in market rates of interest to improve their rates of return. In
furtherance of such intention, the Trustee shall furnish or cause to be
furnished to Class V Certificateholders and the Class A-MFL Certificateholders
information returns with respect to income relating to their share of the
related Post-ARD Additional Interest or income and deductions in respect of the
Class A-MFL Regular Interest and the Swap Agreement, as applicable, 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.
The Trustee shall deliver or cause to be delivered the federal taxpayer
identification number of the Grantor Trust that holds the Swap Agreement on an
IRS Form W-9 to the Swap Counterparty as soon as possible after such Swap
Agreement is entered into (but no later than the first payment date under such
Swap Agreement) and, if requested by the Swap Counterparty (unless not permitted
under federal income tax law) an IRS Form W-8IMY. Each non-exempt Holder of
Class A-MFL Certificates shall be obligated pursuant to this Agreement to
provide applicable certification to the Trustee (with copies sent or faxed
directly from such Certificateholder to the Swap Counterparty) to enable the
Trustee to make payments to the Holders of the Class A-MFL Certificates without
federal withholding or backup withholding. As authorized by the Holders of the
Class A-MFL Certificates under this Agreement, the Trustee may forward any such
certification received to the Swap Counterparty if requested. Without limiting
the generality of the foregoing, the Depositor, within 10 days following the
Trustee's request therefor, shall provide in writing to the Trustee such
information as is reasonably requested by the Trustee for tax purposes and
compliance with the administration and reporting duties under the Grantor Trust
Provisions, and the Trustee's duty to perform its reporting and other tax
compliance obligations under this Section 4.06 shall be subject to the condition
that it receives from the Depositor such information possessed by the Depositor
that is necessary to permit the Trustee to perform such obligations.

            Section 4.07 Compliance with Withholding Requirements

            Notwithstanding any other provision of this Agreement, the Trustee
shall comply with all federal withholding requirements with respect to payments
made or received under the Swap Agreement and payments to Certificateholders of
interest or original issue discount that the Paying Agent reasonably believes
are applicable under the Code. The consent of Certificateholders shall not be
required for any such withholding. The Paying Agent agrees that it will not
withhold with respect to payments of interest or original issue discount in the
case of a Certificateholder that is (A) a United States Tax Person that has
furnished or caused to be furnished a Form W-9 or an acceptable substitute form
or a successor form (or is exempt from furnishing such a form), or (B) a
Non-United States Tax Person that has furnished or caused to be furnished (i) an
effective Form W-8BEN or W-8IMY (with appropriate attachments) or an acceptable
substitute form or a successor form and who is not a "10 percent shareholder"
within the meaning of Code Section 871(h)(3)(B) or a "controlled foreign
corporation" described in Code Section 881(c)(3)(C) with respect to the Trust
Fund or the Depositor, or (ii) an effective Form W-8ECI or an acceptable
substitute form or a successor form. In the event the Trustee or its agent
withholds any amount from interest or original issue discount payments or
advances thereof to any Certificateholder pursuant to federal withholding
requirements, the Trustee shall indicate the amount withheld to such
Certificateholder. Any amount so withheld shall be treated as having been
distributed to such Certificateholder for all purposes of this Agreement.

                                   ARTICLE V

                                THE CERTIFICATES

            Section 5.01 The Certificates

            (a) The Certificates shall consist of 30 Classes with the following
respective alphabetic or alphanumeric Class designations: "A-SP," "A-X," "A-1,"
"A-2," "A-AB," "A-3," "A-1-A," "A-M," "A-MFL," "A-J," "B," "C," "D," "E," "F,"
"G," "H," "J," "K," "L," "M," "N," "O," "P," "Q," "R," "S," "T," "LR" and "V,"
respectively. Any reference in any other section or subsection of this Agreement
to any Certificate or Certificates preceded by a Class designation shall be to a
Certificate or Certificates of the Class so designated in this Section 5.01(a).

            (b) The Certificates will be substantially in the respective forms
attached hereto as Exhibits A-1 through A-6; provided, however, that 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. The Certificates will
be issuable in registered form only; provided, however, that in accordance with
Section 5.03 beneficial ownership interests in the Regular Certificates
initially shall (and, at the option of the Depositor, following the Closing
Date, all or a portion of any other Class of Certificates may) be held and
transferred through the book-entry facilities of the Depository. The Regular
Certificates will be issuable only in denominations corresponding to initial
Certificate Principal Balances (or, in the case of the Interest Only
Certificates, initial Certificate Notional Amounts) as of the Closing Date of
not less than $10,000 and any whole dollar denomination in excess thereof. The
other Regular Interest Certificates will be issuable only in denominations
corresponding to initial Certificate Principal Balances as of the Closing Date
of not less than $100,000 and any whole dollar denomination in excess thereof.
The Class R Certificates, the Class LR and the Class V Certificates will be
issuable only in denominations representing Percentage Interests in the related
Class of not less than 10.0%.

            (c) The Certificates shall be executed by manual or facsimile
signature on behalf of the Trustee in its capacity as trustee hereunder by an
authorized signatory. Certificates bearing the manual or facsimile signatures of
individuals who were at any time the authorized signatory of the Trustee 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
Certificate Registrar 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.

            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
(located as of the Closing Date at Wells Fargo Center, Sixth Street and
Marquette Avenue, Minneapolis, Minnesota 55479-0113) 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 (and hereby agrees to act in accordance with the
terms hereof) as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as herein provided. The
Trustee may appoint, by a written instrument delivered to the other parties
hereto, any other bank or trust company to act as Certificate Registrar under
such conditions as the Trustee may prescribe, provided that the Trustee shall
not be relieved of any of its duties or responsibilities hereunder as
Certificate Registrar by reason of such appointment. If the Trustee resigns or
is removed in accordance with the terms hereof, the successor trustee shall
immediately succeed to its predecessor's duties as Certificate Registrar. The
Depositor, the Master Servicer and the Special Servicer shall each 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.

            If three or more Certificateholders make a written request to the
Trustee, and such request states that such Certificateholders desire to
communicate with other Certificateholders with respect to their rights under
this Agreement or under the Certificates and is accompanied by a copy of the
communication that such requesting Certificateholders propose to transmit, then
the Trustee shall, within 30 days after the receipt of such request, afford (or
cause any other Certificate Registrar to afford) the requesting
Certificateholders access during normal business hours to, or deliver to the
requesting Certificateholders a copy of, the most recent list of
Certificateholders held by the Certificate Registrar (which list shall be
current as of a date no earlier than 30 days prior to the Trustee's receipt of
such request). Every Certificateholder, by receiving such access, acknowledges
that neither the Certificate Registrar nor the Trustee will be held accountable
in any way by reason of the disclosure of any information as to the names and
addresses of any Certificateholder regardless of the source from which such
information was derived.

            (b) No transfer, sale, pledge or other disposition of any
Non-Registered Certificate or interest therein shall be made unless that
transfer, sale, pledge or other disposition is exempt from the registration
and/or qualification requirements of the Securities Act and any applicable state
securities laws, or is otherwise made in accordance with the Securities Act and
such state securities laws.

            If a transfer of any Non-Registered Certificate is to be made
without registration under the Securities Act (other than in connection with the
initial issuance of the Certificates or a transfer of such Non-Registered
Certificate by the Depositor or an Affiliate of the Depositor or, in the case of
a Global Certificate, any transfer of such Certificate to a successor Depository
or, in the case of a Definitive Certificate issued with respect to a Global
Certificate, any transfer of such Certificate to the applicable Certificate
Owner in accordance with Section 5.03(c)), then the Certificate Registrar shall
refuse to register such transfer unless it receives (and, upon receipt, may
conclusively rely upon) either: (i) a certificate from the Certificateholder
desiring to effect such transfer substantially in the form attached hereto as
Exhibit F-1A; or (ii) a certificate from the Certificateholder desiring to
effect such transfer substantially in the form attached hereto as Exhibit F-1B
and a certificate from such Certificateholder's prospective Transferee
substantially in the form attached hereto either as Exhibit F-2A or as Exhibit
F-2B; or (iii) an Opinion of Counsel satisfactory to the Trustee to the effect
that such transfer may be made without registration under the Securities Act
(which Opinion of Counsel shall not be an expense of the Trust or of the
Depositor, the Master Servicer, the Special Servicer, the Trustee or the
Certificate Registrar in their respective capacities as such), together with the
written certification(s) as to the facts surrounding such transfer from the
Certificateholder desiring to effect such transfer and/or such
Certificateholder's prospective Transferee on which such Opinion of Counsel is
based.

            Each Global Certificate shall be deposited with the Trustee as
custodian for the Depository and registered in the name of Cede & Co. as nominee
of the Depository.

            If a transfer of an interest in any Rule 144A Global Certificate is
to be made without registration under the Securities Act (other than in
connection with the initial issuance of the Certificates or a transfer of an
interest in such Rule 144A Global Certificate by the Depositor or an Affiliate
of the Depositor), then (except as provided in the next succeeding paragraph or
in the penultimate paragraph of this Section 5.02(b)) the Certificate Owner
desiring to effect such transfer shall require from its prospective Transferee:
(i) a certificate substantially in the form attached as Exhibit F-2C hereto; or
(ii) an Opinion of Counsel to the effect that the prospective Transferee is a
Qualified Institutional Buyer and such transfer may be made without registration
under the Securities Act. Except as provided in the next succeeding paragraph or
in the penultimate paragraph of this Section 5.02(b), any interest in a Rule
144A Global Certificate shall not be transferred to any Person other than a
Qualified Institutional Buyer that takes delivery in the form of an interest in
such Rule 144A Global Certificate. If any Transferee of an interest in a Rule
144A Global Certificate does not, in connection with the subject transfer,
deliver to the Transferor the Opinion of Counsel or the certification described
in the second preceding sentence, then such Transferee shall be deemed to have
represented and warranted that all the certifications set forth in Exhibit F-2C
hereto are, with respect to the subject transfer, true and correct.

            Notwithstanding the preceding paragraph, any interest in the Rule
144A Global Certificate with respect to the Class A-X, Class B, Class C, Class
D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class
N, Class O, Class P, Class Q, Class S or Class T Certificates may be transferred
(without delivery of any certificate or Opinion of Counsel described in clauses
(i) and (ii) of the first sentence of the preceding paragraph) to any Person who
takes delivery in the form of a beneficial interest in the Regulation S Global
Certificate for the same Class as such Rule 144A Global Certificate upon
delivery to the Certificate Registrar and the Trustee of (i) a certificate from
the Certificate Owner desiring to effect such transfer substantially in the form
attached hereto as Exhibit F-1D and a certificate from such Certificate Owner's
prospective Transferee substantially in the form attached hereto as Exhibit F-2D
and (ii) such written orders and instructions as are required under the
applicable procedures of the Depository, Clearstream and/or Euroclear to direct
the Trustee to debit the account of a Depository Participant by a denomination
of interests in such Rule 144A Global Certificate, and credit the account of a
Depository Participant by a denomination of interests in such Regulation S
Global Certificate, that is equal to the denomination of beneficial interests in
the Class A-X, Class B, Class C, Class D, Class E, Class F, Class G, Class H,
Class J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q, Class S
or Class T Certificates to be transferred. Upon delivery to the Trustee of such
certifications and such orders and instructions, the Trustee, subject to and in
accordance with the applicable procedures of the Depository, shall reduce the
denomination of the Rule 144A Global Certificate with respect to the Class A-X,
Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N, Class O, Class P, Class Q, Class S or Class T
Certificates, and increase the denomination of the Regulation S Global
Certificate for such Class, by the denomination of the beneficial interest in
such Class specified in such orders and instructions.

            Except as provided in the next succeeding paragraph or in the
penultimate paragraph of this Section 5.02(b), beneficial interests in any
Regulation S Global Certificate shall not be transferred to any Person other
than a non-United States Securities Person that takes delivery in the form of a
beneficial interest in such Regulation S Global Certificate, and the Certificate
Owner desiring to effect such transfer shall be required to obtain from such
prospective Transferee a certification substantially in the form attached hereto
as Exhibit F-2D. On or prior to the Release Date, beneficial interests in any
Regulation S Global Certificate may be held only through Euroclear or
Clearstream.

            Notwithstanding the preceding paragraph, following the Release Date,
any interest in the Regulation S Global Certificate with respect to the Class
A-X, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J,
Class K, Class L, Class M, Class N, Class O, Class P, Class Q, Class S or Class
T Certificates may be transferred (without delivery of any certificate described
in the first sentence of the preceding paragraph) to any Person who takes
delivery in the form of a beneficial interest in the Rule 144A Global
Certificate for the same Class as such Regulation S Global Certificate upon
delivery to the Certificate Registrar and the Trustee of (i) a certificate from
the Certificate Owner desiring to effect such transfer substantially in the form
attached hereto as Exhibit F-1C and a certificate from such Certificate Owner's
prospective Transferee substantially in the form attached hereto as Exhibit F-2C
and (ii) such written orders and instructions as are required under the
applicable procedures of the Depository, Clearstream and/or Euroclear to direct
the Trustee to debit the account of a Depository Participant by a denomination
of interests in such Regulation S Global Certificate, and credit the account of
a Depository Participant by a denomination of interests in such Rule 144A Global
Certificate, that is equal to the denomination of beneficial interests in the
Class A-X, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class
J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q, Class S or
Class T Certificates, as applicable, to be transferred. Upon delivery to the
Trustee of such certifications and such orders and instructions, the Trustee,
subject to and in accordance with the applicable procedures of the Depository,
shall reduce the denomination of the Regulation S Global Certificate with
respect to the Class A-X, Class B, Class C, Class D, Class E, Class F, Class G,
Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q,
Class S or Class T Certificates, as applicable, and increase the denomination of
the Rule 144A Global Certificate for such Class, by the denomination of the
beneficial interest in such Class specified in such orders and instructions.

            Notwithstanding the foregoing, any interest in a Global Certificate
with respect to the Class A-X, Class B, Class C, Class D, Class E, Class F,
Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P,
Class Q, Class S or Class T Certificates may be transferred by any Certificate
Owner holding such interest to any Institutional Accredited Investor (other than
a Qualified Institutional Buyer) who takes delivery in the form of a Definitive
Certificate of the same Class as such Global Certificate upon delivery to the
Certificate Registrar and the Trustee of (i) such certifications and/or opinions
as are contemplated by the second paragraph of this Section 5.02(b) and (ii)
such written orders and instructions as are required under the applicable
procedures of the Depository, Clearstream and/or Euroclear to direct the Trustee
to debit the account of a Depository Participant by the denomination of the
transferred interests in such Global Certificate. Upon delivery to the
Certificate Registrar of the certifications and/or opinions contemplated by the
second paragraph of this Section 5.02(b), the Trustee, subject to and in
accordance with the applicable procedures of the Depository, shall reduce the
denomination of the subject Global Certificate, and cause a Definitive
Certificate of the same Class as such Global Certificate, and in a denomination
equal to the reduction in the denomination of such Global Certificate, to be
executed, authenticated and delivered in accordance with this Agreement to the
applicable Transferee.

            None of the Depositor, the Trustee or the Certificate Registrar is
obligated to register or qualify any Class of Non-Registered 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
Non-Registered Certificate or interest therein without registration or
qualification. Any Certificateholder or Certificate Owner desiring to effect a
transfer, sale, pledge or other disposition of any Non-Registered Certificate or
interest therein shall, and does hereby agree to, indemnify the Depositor, the
Initial Purchaser, the Trustee, the Master Servicer, the Special Servicer and
the Certificate Registrar against any liability that may result if such
transfer, sale, pledge or other disposition is not exempt from the registration
and/or qualification requirements of the Securities Act and any applicable state
securities laws or is not made in accordance with such federal and state laws.

            (c) No transfer of any Certificate or interest therein shall be made
to a Plan or to any Person who is directly or indirectly purchasing such
Certificate or interest therein on behalf of, as named fiduciary of, as trustee
of, or with assets of a Plan or a governmental plan subject to Similar Law, if
the purchase and holding of such Certificate or interest therein by the
prospective Transferee would result in a violation of Section 406 or 407 of
ERISA or Section 4975 of the Code or would result in the imposition of an excise
tax under Section 4975 of the Code (or, in the case of a governmental plan
subject to Similar Law, would result in a violation of, or the imposition of an
excise tax under, any applicable Similar Law).

            Except in connection with the initial issuance of the Certificates
or any transfer of a Non-Registered Certificate by the Depositor or an Affiliate
of the Depositor or, in the case of a Global Certificate, any transfer of such
Certificate to a successor Depository or, in the case of a Definitive
Certificate issued with respect to a Global Certificate, any transfer of such
Certificate to the applicable Certificate Owner in accordance with Section
5.03(c), the Certificate Registrar shall refuse to register the transfer of a
Non-Registered Certificate unless it has received from the prospective
Transferee any one of the following: (i) a certification to the effect that such
prospective Transferee is not a Plan and is not directly or indirectly
purchasing such Certificate or interest therein on behalf of, as named fiduciary
of, as trustee of, or with assets of a Plan or a governmental plan subject to
Similar Law; or (ii) except in the case of a Class R, Class LR or Class V
Certificate, a certification to the effect that the purchase and continued
holding of such Certificate by such prospective Transferee is exempt from the
prohibited transaction provisions of Sections 406 and 407 of ERISA and Section
4975 of the Code by reason of Sections I and III of Prohibited Transaction Class
Exemption 95-60 (or, in the case of a governmental plan subject to Similar Law,
a comparable exemption under Similar Law); or (iii) in the case of a
Non-Registered Certificate (other than a Class R, Class LR or Class V
Certificate) that is rated investment grade by at least one of the Rating
Agencies and is being acquired by or on behalf of a Plan in reliance on PTE
89-90 (or, in the case of a governmental plan subject to Similar Law, a
comparable exemption under Similar Law), a certification to the effect that such
Plan (X) is an accredited investor as defined in Rule 501(a)(1) of Regulation D
of the Securities Act, (Y) is not sponsored (within the meaning of Section
3(16)(B) of ERISA) by the Trustee, any Exemption-Favored Party, the Depositor,
any Mortgage Loan Seller, the Master Servicer, the Special Servicer, any Primary
Servicer, any Sub-Servicer, the Swap Counterparty or any Borrower with respect
to Mortgage Loans constituting more than 5% of the aggregate unamortized
principal of all the Mortgage Loans determined as of the Closing Date, or by any
Affiliate of such Person, and (Z) agrees that it will obtain from each of its
Transferees a written representation that such Transferee, if a Plan, satisfies
the requirements of the immediately preceding clauses (iii)(X) and (iii)(Y),
together with a written agreement that such Transferee will obtain from each of
its Transferees that are Plans a similar written representation regarding
satisfaction of the requirements of the immediately preceding clauses (iii)(X)
and (iii)(Y); or (iv) in the case of a Non-Registered Certificate (other than a
Class R, Class LR or Class V Certificate) that is being acquired by or on behalf
of a governmental plan subject to a Similar Law, a certification that the
purchase and holding of such Certificate by the governmental plan would not
result in a violation of, or imposition of an excise tax under, such Similar
Law; or (v) except in the case of a Class R, Class LR or Class V Certificate, a
certification of facts and an Opinion of Counsel (which Opinion of Counsel shall
not be an expense of the Trustee, the Certificate Registrar or the Trust) which
otherwise establish to the reasonable satisfaction of the Trustee that such
transfer will not result in a violation of Section 406 or 407 of ERISA or
Section 4975 of the Code or result in the imposition of an excise tax under
Section 4975 of the Code (or, in the case of a governmental plan, would not
result in a violation of, or imposition of an excise tax under, any applicable
Similar Law). It is hereby acknowledged that the form of certification attached
hereto as Exhibit G-1 is acceptable for purposes of the preceding sentence.

            Except in connection with the initial issuance of the Certificates
or any transfer of an interest in a Book-Entry Non-Registered Certificate by the
Depositor or an Affiliate of the Depositor, the Certificate Owner desiring to
effect a transfer of an interest in a Book-Entry Non-Registered Certificate
shall obtain from its prospective Transferee one of the following: (i) a
certification to the effect that such prospective Transferee is not a Plan and
is not directly or indirectly purchasing such interest in such Certificate on
behalf of, as named fiduciary of, as trustee of, or with assets of a Plan or a
governmental plan subject to any Similar Law; or (ii) except in the case of a
Class R, Class LR or Class V Certificate, a certification to the effect that the
purchase and continued holding of an interest in such Certificate by such
prospective Transferee is exempt from the prohibited transaction provisions of
Sections 406 and 407 of ERISA and Section 4975 of the Code by reason of Sections
I and III of Prohibited Transaction Class Exemption 95-60 (or, in the case of a
governmental plan subject to Similar Law, a comparable exemption under Similar
Law); or (iii) in the case of a Non-Registered Certificate (other than a Class
R, Class LR or Class V Certificate) that is rated investment grade by at least
one of the Rating Agencies and is being acquired by or on behalf of a Plan in
reliance on PTE 89-90 (or, in the case of a governmental plan subject to Similar
Law, a comparable exemption under Similar Law), a certification to the effect
that such Plan (X) is an accredited investor as defined in Rule 501(a)(1) of
Regulation D of the Securities Act, (Y) is not sponsored (within the meaning of
Section 3(16)(B) of ERISA) by the Trustee, the Depositor, any Mortgage Loan
Seller, the Master Servicer, the Special Servicer, any Sub-Servicer, the Swap
Counterparty or any Borrower with respect to Mortgage Loans constituting more
than 5% of the aggregate unamortized principal of all the Mortgage Loans
determined as of the Closing Date, or by any Affiliate of such Person, and (Z)
agrees that it will obtain from each of its Transferees a written representation
that such Transferee, if a Plan, satisfies the requirements of the immediately
preceding clauses (iii)(X) and (iii)(Y), together with a written agreement that
such Transferee will obtain from each of its Transferees that are Plans a
similar written representation regarding satisfaction of the requirements of the
immediately preceding clauses (iii)(X) and (iii)(Y); or (iv) in the case of a
Non-Registered Certificate (other than a Class R, Class LR or Class V
Certificate) that is being acquired by or on behalf of a governmental plan
subject to a Similar Law, a certification that the purchase and holding of such
Certificate by the governmental plan would not result in a violation of, or
imposition of tax under, such Similar Law; or (v) except in the case of a Class
R, Class LR or Class V Certificate, a certification of facts and an Opinion of
Counsel to the effect that such transfer will not result in a violation of
Section 406 or 407 of ERISA, Section 4975 of the Code or Similar Law or result
in the imposition of an excise tax under Section 4975 of the Code (or, in the
case of a governmental plan, would not result in a violation of, or result in
the imposition of an excise tax under, any applicable Similar Law). It is hereby
acknowledged that the form of certification attached hereto as Exhibit G-2 is
acceptable for purposes of the preceding sentence.

            Each Transferee of any Registered Certificate or interest therein or
of an interest in any Book-Entry Non-Registered Certificate shall be deemed to
have represented and warranted that either: (i) such Transferee is not a Plan
and is not directly or indirectly purchasing such Certificate or interest
therein on behalf of, as named fiduciary of, as trustee of, or with assets of a
Plan or a governmental plan subject to Similar Law; or (ii) the purchase and
continued holding of such Certificate or interest therein by such Transferee is
exempt from the prohibited transaction provisions of Sections 406 and 407 of
ERISA, Section 4975 of the Code and Similar Law.

            (d) (i) Each Person who has or acquires any Ownership Interest in a
Class R or Class LR 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 (d)(ii)
below to deliver payments to a Person other than such Person and, further, to
negotiate the terms of any mandatory disposition and to execute all instruments
of Transfer and do all other things necessary in connection with any such
disposition. The rights of each Person acquiring any Ownership Interest in a
Class R or Class LR Certificate are expressly subject to the following
provisions:

                  (A)   Each Person holding or acquiring any Ownership Interest
                        in a Class R or Class LR Certificate shall be a
                        Permitted Transferee and shall promptly notify the
                        Trustee of any change or impending change in its status
                        as a Permitted Transferee.

                  (B)   In connection with any proposed Transfer of any
                        Ownership Interest in a Class R or Class LR Certificate,
                        the Certificate Registrar shall require delivery to it,
                        and shall not register the Transfer of any Class R or
                        Class LR Certificate until its receipt, of an affidavit
                        substantially in the form attached hereto as Exhibit H-1
                        (a "Residual Transfer Affidavit"), from the proposed
                        Transferee, representing and warranting, among other
                        things, that such Transferee is a Permitted Transferee,
                        that it is not acquiring its Ownership Interest in the
                        Class R or Class LR Certificate that is the subject of
                        the proposed Transfer as a nominee, trustee or agent for
                        any Person that is not a Permitted Transferee, that for
                        so long as it retains its Ownership Interest in a Class
                        R or Class LR Certificate it will endeavor to remain a
                        Permitted Transferee, and that it has reviewed the
                        provisions of this Section 5.02(d) and agrees to be
                        bound by them.

                  (C)   Notwithstanding the delivery of a Residual Transfer
                        Affidavit by a proposed Transferee under clause (B)
                        above, if a Responsible Officer of either the Trustee or
                        the Certificate Registrar has actual knowledge that the
                        proposed Transferee is not a Permitted Transferee, no
                        Transfer of an Ownership Interest in a Class R or Class
                        LR Certificate to such proposed Transferee shall be
                        effected.

                  (D)   Each Person holding or acquiring any Ownership Interest
                        in a Class R or Class LR Certificate shall agree (1) to
                        require a Residual Transfer Affidavit from any
                        prospective Transferee to whom such Person attempts to
                        transfer its Ownership Interest in such Class R or Class
                        LR Certificate and (2) not to transfer its Ownership
                        Interest in such Class R or Class LR Certificate unless
                        it provides to the Certificate Registrar and the Trustee
                        a certificate substantially in the form attached hereto
                        as Exhibit H-2 stating that, among other things, it has
                        no actual knowledge that such prospective Transferee is
                        not a Permitted Transferee.

                  (E)   Each Person holding or acquiring an Ownership Interest
                        in a Class R or Class LR Certificate, by purchasing such
                        Ownership Interest, agrees to give the Trustee written
                        notice that it is a "pass-through interest holder"
                        within the meaning of Temporary Treasury Regulations
                        Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring
                        an Ownership Interest in a Class R or Class LR
                        Certificate if it is, or is holding an Ownership
                        Interest in a Class R or Class LR Certificate on behalf
                        of, a "pass-through interest holder."

            (ii) If any purported Transferee shall become a Holder of a Class R
      or Class LR Certificate in violation of the provisions of this Section
      5.02(d), then the last preceding Holder of such Class R or Class LR
      Certificate that was in compliance with the provisions of this Section
      5.02(d) 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 Class R or Class LR Certificate. None of the Depositor, the
      Trustee or the Certificate Registrar shall be under any liability to any
      Person for any registration of Transfer of a Class R or Class LR
      Certificate that is in fact not permitted by this Section 5.02(d) 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.

            If any purported Transferee shall become a Holder of a Class R or
      Class LR Certificate in violation of the restrictions in this Section
      5.02(d), then, to the extent that retroactive restoration of the rights of
      the preceding Holder of such Class R or Class LR Certificate as described
      in the preceding paragraph of this clause (d)(ii) shall be invalid,
      illegal or unenforceable, the Trustee shall have the right, but not the
      obligation, to cause the transfer of such Class R or Class LR Certificate
      to a Permitted Transferee selected by the Trustee on such terms as the
      Trustee may choose, and the Trustee shall not be liable to any Person
      having an Ownership Interest in such Class R or Class LR Certificate or
      any other Person as a result of its exercise of such discretion. Such
      purported Transferee shall promptly endorse and deliver such Class R or
      Class LR Certificate in accordance with the instructions of the Trustee.
      Such Permitted Transferee may be the Trustee itself or any Affiliate of
      the Trustee.

            (iii) The Trustee shall make available to the IRS and to those
      Persons specified by the REMIC Provisions all information furnished to it
      by the other parties hereto necessary to compute any tax imposed (A) as a
      result of the Transfer of an Ownership Interest in a Class R or Class LR
      Certificate to any Person who is a Disqualified Organization, 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" for the
      Upper-Tier REMIC and the Lower-Tier REMIC and (B) as a result of any
      regulated investment company, real estate investment trust, common trust
      fund, partnership, trust, estate or organization described in Section 1381
      of the Code that holds an Ownership Interest in a Class R or Class LR
      Certificate having as among its record holders at any time any Person
      which is a Disqualified Organization, and each of the other parties hereto
      shall furnish to the Trustee all information in its possession necessary
      for the Trustee to discharge such obligation. The Person holding such
      Ownership Interest shall be responsible for the reasonable compensation of
      the Trustee for providing such information.

            (iv) The provisions of this Section 5.02(d) set forth prior to this
      clause (iv) may be modified, added to or eliminated, provided that there
      shall have been delivered to the Trustee the following:

                  (A)   written confirmation from each Rating Agency to the
                        effect that the modification of, addition to or
                        elimination of such provisions will not result in an
                        Adverse Rating Event with respect to any Class of Rated
                        Certificates; and

                  (B)   an Opinion of Counsel, in form and substance
                        satisfactory to the Trustee, obtained at the expense of
                        the party seeking such modification of, addition to or
                        elimination of such provisions (but in no event at the
                        expense of the Trustee or the Trust), to the effect that
                        doing so will not (1) cause either Trust REMIC to cease
                        to qualify as a REMIC or be subject to an entity-level
                        tax caused by the Transfer of any Class R or Class LR
                        Certificate to a Person which is not a Permitted
                        Transferee or (2) cause a Person other than the
                        prospective Transferee to be subject to a REMIC-related
                        tax caused by the Transfer of a Class R or Class LR
                        Certificate to a Person that is not a Permitted
                        Transferee.

            (e) If a Person is acquiring any Non-Registered Certificate as a
fiduciary or agent for one or more accounts, such Person shall be required to
deliver to the Certificate Registrar a certification to the effect that, and
such other evidence as may be reasonably required by the Trustee to confirm
that, it has (i) sole investment discretion with respect to each such account
and (ii) full power to make the applicable foregoing acknowledgments,
representations, warranties, certifications and/or agreements with respect to
each such account as set forth in Subsections (b), (c) and/or (d), as
appropriate, of this Section 5.02.

            (f) Subject to the preceding provisions of this Section 5.02, upon
surrender for registration of transfer of any Certificate at the offices of the
Certificate Registrar maintained for such purpose, the Trustee shall execute and
the Certificate Registrar shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Certificates of authorized
denominations of the same Class evidencing a like aggregate Percentage Interest.

            (g) At the option of any Holder, its Certificates may be exchanged
for other Certificates of authorized denominations of the same Class evidencing
a like aggregate Percentage Interest, upon surrender of the Certificates to be
exchanged at the offices of the Certificate Registrar maintained for such
purpose. Whenever any Certificates are so surrendered for exchange, the Trustee
shall execute and the Certificate Registrar shall authenticate and deliver the
Certificates which the Certificateholder making the exchange is entitled to
receive.

            (h) Every Certificate presented or surrendered for transfer or
exchange shall (if so required by the Certificate Registrar) be duly endorsed
by, or be accompanied by a written instrument of transfer in the form
satisfactory to the Certificate Registrar duly executed by, the Holder thereof
or his attorney duly authorized in writing.

            (i) No service charge shall be imposed for any transfer or exchange
of Certificates, but the Trustee or the Certificate Registrar may require
payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any transfer or exchange of Certificates.

            (j) All Certificates surrendered for transfer and exchange shall be
physically canceled by the Certificate Registrar, and the Certificate Registrar
shall dispose of such canceled Certificates in accordance with its standard
procedures.

            (k) The Certificate Registrar or the Trustee shall provide to each
of the other parties hereto, upon reasonable written request and at the expense
of the requesting party, an updated copy of the Certificate Register.

            (l) Notwithstanding any other provision of this Agreement, the
Certificate Registrar and the Trustee shall comply with all federal withholding
requirements respecting payments made or received under the Swap Agreement and
payments to Certificateholders of interest or original issue discount that the
Trustee reasonably believes are applicable under the Code. The consent of
Certificateholders shall not be required for such withholding. If the
Certificate Registrar or the Trustee does withhold any amount from interest or
original issue discount payments or advances thereof to any Certificateholder
pursuant to federal withholding requirements, the Trustee shall indicate the
amount withheld to such Certificateholders. Such amounts shall be deemed to have
been distributed to such Certificateholders for all purposes of this Agreement.

            (m) No transfers of any Class A-MFL Certificate presented or
surrendered for registration of transfer or exchange shall be made unless the
transfer or exchange is accompanied by a written instrument of transfer and
accompanied by IRS Form W-8ECI, W-8BEN, W-8IMY (and all appropriate attachments)
or W-9 in form satisfactory to the Trustee, duly executed by such
Certificateholder or his attorney duly authorized in writing (with copies
directly from such Certificateholder to the Swap Counterparty). If requested,
the Trustee shall promptly forward any such IRS Form received by the Trustee to
the Swap Counterparty. Each such Class A-MFL Certificateholder by its purchase
of a Class A-MFL Certificate shall be deemed to consent to any IRS Form being so
forwarded.

            Section 5.03 Book-Entry Certificates

            (a) The Regular Certificates shall, in the case of each Class
thereof, initially be issued (and, at the option of the Depositor, subsequent to
the Closing Date, all or any portion of any other Class of Certificates may be
issued) as one or more Certificates registered in the name of the Depository or
its nominee and, except as provided in Section 5.02(b) or Section 5.03(c),
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, subject to Section 5.02,
transfer their respective Ownership Interests in and to such Certificates
through the book-entry facilities of the Depository and, except as provided in
Section 5.02(b) or Section 5.03(c) below, shall not be entitled to fully
registered, physical Certificates ("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 indirect
participating brokerage firm representing each such Certificate Owner. Each
Depository Participant shall only transfer the Ownership Interests in the
Book-Entry Certificates of Certificate Owners it represents or of indirect
participating brokerage firms for which it acts as agent in accordance with the
Depository's normal procedures. The Trustee shall have no 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) Except as expressly provided to the contrary herein, the
Depositor, the Master Servicer, the Special Servicer, the Trustee 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. Except as
expressly provided to the contrary herein, 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 indirect participating 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) If (i)(A) the Depositor advises the Trustee and the Certificate
Registrar in writing that the Depository is no longer willing or able to
discharge properly its responsibilities with respect to any Class of Book-Entry
Certificates, and (B) the Depositor is unable to locate a qualified successor,
or (ii) 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 all or any portion of any Class of Book-Entry
Certificates, the Certificate Registrar shall notify all affected Certificate
Owners, through the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to such Certificate Owners requesting
the same. Upon surrender to the Certificate Registrar of any Class of Book-Entry
Certificates (or any portion of any Class thereof) by the Depository,
accompanied by registration instructions from the Depository for registration of
transfer, the Trustee shall execute, and the Certificate Registrar shall
authenticate and deliver, the Definitive Certificates in respect of such Class
(or portion thereof) to the Certificate Owners identified in such instructions.
None of the Depositor, the Master Servicer, the Special Servicer, the Trustee or
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 Book-Entry 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.

            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 reasonably 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 Trustee shall
execute and the Certificate Registrar shall 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 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 reasonable expenses (including the reasonable 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 presentment for registration of transfer, the
Depositor, the Master Servicer, the Special Servicer, the Trustee, the
Certificate Registrar and any agent of any of them may treat the Person in whose
name any 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, and none of the Depositor, the Master Servicer, the Special
Servicer, the Trustee, the Certificate Registrar or any agent of any of them
shall be affected by notice to the contrary.

            Section 5.06 Certification by Certificateholders and Certificate
                         Owners

            (a) Each Certificate Owner is hereby deemed by virtue of its
acquisition of an Ownership Interest in the Book-Entry Certificates to agree to
comply with the transfer requirements of Section 5.02.

            (b) To the extent that under the terms of this Agreement, it is
necessary to determine whether any Person is a Certificateholder or a
Certificate Owner, the Trustee shall make such determination based on a
certificate of such Person which shall be substantially in the form of paragraph
1 of Exhibit K-1 hereto (or such other form as shall be reasonably acceptable to
the Trustee) and shall specify the Class and Certificate Principal Balance or
Certificate Notional Amount, as the case may be, of the Book-Entry Certificate
beneficially owned; provided, however, that the Trustee shall not knowingly
recognize such Person as a Certificate Owner if such Person, to the knowledge of
a Responsible Officer of the Trustee, acquired its Ownership Interest in a
Book-Entry Certificate in violation of Section 5.02, or if such Person's
certification that it is a Certificate Owner is in direct conflict with
information obtained by the Trustee from the Depository, Depository Participants
and/or indirect participating brokerage firms for which Depository Participants
act as agents, with respect to the identity of a Certificate Owner (although the
Trustee has no obligation to obtain any such information). The Trustee shall
exercise its reasonable discretion in making any determination under this
Section 5.06(b) and shall afford any Person providing information with respect
to its beneficial ownership of any Book-Entry Certificate an opportunity to
resolve any discrepancies between the information provided and any other
information available to the Trustee.

            Section 5.07 Appointment of Paying Agent

            The Trustee may appoint a paying agent (the "Paying Agent") for the
purpose of making distributions to Certificateholders pursuant to Section 4.01.
The Trustee shall cause such Paying Agent, if other than the Trustee or the
Servicer, to execute and deliver to the Trustee an instrument in which such
Paying Agent shall agree with the Trustee that such Paying Agent will hold all
sums held by it for the payment to Certificateholders in trust for the benefit
of the Certificateholders entitled thereto until such sums have been paid to the
Certificateholders or disposed of as otherwise provided herein. The initial
Paying Agent shall be the Trustee. Except for the Trustee, as the initial Paying
Agent, the Paying Agent shall at all times be an entity having a long-term
unsecured debt rating of at least "A" by Fitch and "A1" by Moody's.

            Notwithstanding the foregoing in this Section 5.07, the appointment
of the Paying Agent shall not relieve the Trustee from any of its obligations
hereunder, and the Trustee shall remain responsible for all acts and omissions
of the Paying Agent.

                                   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
or the Special Servicer, as applicable, herein.

            Section 6.02 Merger, Consolidation or Conversion of the Depositor,
                         the Master Servicer or the Special Servicer

            (a) Subject to Section 6.02(b), the Depositor, the Master Servicer
and the Special Servicer shall each keep in full effect its existence, rights
and franchises as a corporation, bank, trust company, partnership, limited
liability company, association or other legal entity under the laws of the
jurisdiction wherein it was organized, and each shall obtain and preserve its
qualification to do business as a foreign entity in each jurisdiction in which
such qualification is or shall be necessary to protect the validity and
enforceability of this Agreement, the Certificates or any of the Mortgage Loans
and to perform its respective duties under this Agreement.

            (b) Each of the Depositor, the Master Servicer and the Special
Servicer 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, such Master Servicer or such Special Servicer, as the case may
be, 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, however, that no successor or surviving Person shall
succeed to the rights of the Master Servicer or the Special Servicer unless (i)
such succession will not result in an Adverse Rating Event with respect to any
Class of Rated Certificates (as confirmed in writing to the Trustee by each
Rating Agency) and (ii) such successor or surviving Person makes the applicable
representations and warranties set forth in Section 2.05 (in the case of a
successor or surviving Person to the Master Servicer); or Section 2.06 (in the
case of a successor or surviving Person to the Special Servicer); as applicable,
in each case as modified appropriately with respect to such successor's form and
jurisdiction of organization.

            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 holders of any B 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 by
such party herein or any liability which would otherwise be imposed on such
party 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 Affiliate, director, partner, member, manager, shareholder,
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 and/or any affected B Loan Holder(s) out of the
Collection Account or the Distribution Account, as applicable in accordance with
Section 3.05 (or, insofar as an A/B Loan Pair is involved, and to the extent
permitted by the related Intercreditor Agreement, first out of amounts
attributable to such A/B Loan Pair on deposit in the related A/B Loan Pair
Custodial Account as provided in Section 3.05 and then out of the Collection
Account), against any loss, liability or expense (including legal fees and
expenses) incurred by such party (including, in the case of the Master Servicer,
any loss, liability or expense incurred by the Column Primary Servicer acting on
behalf of the Master Servicer with respect to the Column Serviced Loans) in
connection with any legal action or claim relating to this Agreement, the
Mortgage Loans, any B Loan or the Certificates, other than any loss, liability
or expense: (i) specifically required to be borne thereby pursuant to the terms
hereof or that would otherwise constitute a Servicing Advance; (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;
provided that this provision is in no way intended to apply to the payment of
servicing compensation, the reimbursement of Advances or the payment of interest
on Advances, which the parties hereto acknowledge are expressly addressed
elsewhere in this Agreement; provided, further, that this provision is not
intended to apply to ordinary expenses (including allocable overhead) incurred
in the customary performance by the Master Servicer or the Special Servicer of
its duties hereunder or any expenses that would not constitute "unanticipated
expenses incurred by the REMIC" within the meaning of Treasury Regulations
Section 1.860G-1(b)(iii). For the avoidance of doubt, any amounts received by
the Master Servicer pursuant to this Section 6.03 in respect of any loss,
liability or expense incurred by the Column Primary Servicer in the performance
of the Master Servicer's duties hereunder, will be required to be transferred to
the Column Primary Servicer in accordance with the terms of the related
Designated Sub-Servicer Agreement.

            (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 fees, 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 Mortgage Loans on deposit
in the Collection Account as provided by Section 3.05(a) (or, insofar as an A/B
Loan Pair is involved, and to the extent permitted by the related Intercreditor
Agreement, first, out of amounts attributable to such A/B Loan Pair on deposit
in the related A/B Loan Pair Custodial Account as provided in Section 3.05 and
then out of the Collection Account).

            In addition, neither the Master Servicer nor the Special Servicer
shall have any liability with respect to, and each shall be entitled to rely as
to the truth of the statements made and the correctness of the opinions
expressed therein on, any certificates or opinions furnished to the Master
Servicer or the Special Servicer, as the case may be, and conforming to the
requirements of this Agreement. The Master Servicer and the Special Servicer may
rely in good faith on information provided to it by the parties hereto (unless
the provider and the recipient of such information are the same Person or
Affiliates) and by the Borrowers, and will have no duty to investigate or verify
the accuracy thereof.

            (c) Each of the Master Servicer and the Special Servicer agrees to
indemnify the Depositor, the Trust Fund and the Trustee and any Affiliate,
director, officer, shareholder, partner, member, manager, 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 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; provided that, in no event shall the Master Servicer have any obligation
to indemnify such parties for any claims, losses, damages, penalties, fines,
forfeitures, reasonable legal fees and related out-of-pocket costs, judgments,
and any other out-of-pocket costs, liabilities, fees and expenses arising from
or as a result of any willful misconduct, bad faith or negligence of the Column
Primary Servicer in the performance of the Master Servicer's duties under
Sections 3.08, 3.19(f) and 3.20 with respect to the Column Serviced Loans. 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 XI, (iii) the defeasance of
any Defeasance Mortgage Loan or (iv) any matter involving legal proceedings 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 Mortgage Loans entitling the Trust Fund or the
Trustee to indemnification hereunder, whereupon the Master Servicer or the
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 the Special Servicer, as the case may be, shall not affect any
rights that the Trust Fund or the Trustee, as the case may be, may have to
indemnification under this Agreement or otherwise, unless the Master Servicer's
or the 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
indemnifying party.

            The Depositor 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 Mortgage Loans entitling the Depositor 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 that the Depositor 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
indemnifying party.

            The Depositor agrees to indemnify the Master Servicer, the Special
Servicer and the Trustee and any Affiliate, director, officer, member, manager,
partner, shareholder, 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 or the Trustee, as
applicable, shall promptly notify the Depositor if a claim is made by a third
party with respect to this Agreement or the Mortgage 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 that 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 and the Depositor and any Affiliate, director, officer, shareholder,
partner, member, manager, 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, the Master Servicer or the Special
Servicer, as applicable, shall promptly notify the Trustee, if a claim is made
by a third party with respect to this Agreement or the Mortgage 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 that 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 and the
termination or resignation of the indemnifying party.

            Section 6.04 Resignation of the Master Servicer or the Special
                         Servicer

            (a) Subject to the provisions of Section 6.04, neither the Master
Servicer nor the Special Servicer shall resign from its obligations and duties
hereunder except upon (a) a determination that such party's duties hereunder are
no longer permissible under applicable law or (b) upon the appointment of, and
the acceptance of such appointment by, a successor to the resigning Master
Servicer or Special Servicer, as applicable, and, at the expense of the
resigning Master Servicer or Special Servicer, as applicable, 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 the 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) of the preceding sentence 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 another successor thereto shall have
assumed the resigning Master Servicer's or Special Servicer's, as applicable,
responsibilities and obligations in accordance with Section 7.02. This section
shall not apply to any "deemed resignation" imposed under any other section of
this Agreement except to the extent expressly set forth in that other section.

            (b) In addition, the Master Servicer and the Special Servicer shall
have the right to resign at any other time, provided that (i) a willing
successor thereto (including any such successor proposed by the resigning party)
has been found and approved by the Depositor and the Trustee (which approval
shall not be unreasonably withheld), (ii) each of the Rating Agencies confirms
to the Trustee in writing that the successor's appointment will not result in an
Adverse Rating Event with respect to any Class of Rated Certificates, (iii) the
resigning party pays all costs and expenses in connection with such transfer,
and (iv) the successor accepts appointment prior to the effectiveness of such
resignation.

            (c) Neither the Master Servicer nor the Special Servicer shall be
permitted to resign except as contemplated in subsections (a) and (b) of this
Section 6.04. Consistent with the foregoing, neither the Master Servicer nor the
Special Servicer shall (except in connection with any resignation thereby
permitted above in this Section 6.04 or as otherwise expressly provided herein,
including the provisions of Section 3.11(a), Section 3.22 and/or Section 6.02)
assign or transfer any of its rights, benefits or privileges hereunder to any
other Person or delegate to, subcontract with, or authorize or appoint any other
Person to perform any of the duties, covenants or obligations to be performed by
it hereunder. If, pursuant to any provision hereof, the duties of the Master
Servicer or the Special Servicer are transferred to a successor thereto, the
entire amount of compensation payable to such Master Servicer or such Special
Servicer as the case may be, that accrues pursuant hereto from and after the
date of such transfer shall be payable to such successor, except to the extent
provided in Section 3.11(c).

            Section 6.05 Rights of the Depositor and the Trustee in Respect of
                         the Master Servicer and the Special Servicer

            The Master Servicer and the Special Servicer shall afford the
Depositor, the Trustee, the Controlling Class Representative and each Rating
Agency, upon reasonable notice, during normal business hours access to all
records maintained by it in respect of its rights and obligations hereunder and
with respect to any of the Mortgage Loans and, at mutually agreeable times,
access to such of its officers as are responsible for such obligations
;provided, that the Controlling Class Representative shall have additional
access to information as provided in Section 3.15(c) and Section 8.12(b) hereof.
Upon reasonable request, the Master Servicer and the Special Servicer shall
furnish the Depositor and the Trustee with its most recent publicly available
annual audited financial statements (or, if not available, the most recent
publicly available audited annual financial statements of its corporate parent)
and such other information as is publicly available regarding its business,
affairs, property and condition, financial or otherwise; provided that neither
the Depositor nor the Trustee may disclose the contents of such financial
statements or other information to non-affiliated third parties (other than
accountants, attorneys, financial advisors and other representatives retained to
help it evaluate such financial statements or other information), unless it is
required to do so under applicable securities laws or is otherwise compelled to
do so as a matter of law. The Master Servicer and the Special Servicer may affix
to any such information described in this Section 6.05 provided by it any
disclaimer it deems appropriate in its reasonable discretion. The Depositor may,
but is not obligated to, enforce the obligations of the Master Servicer and
Special Servicer hereunder and may, but is not obligated to, perform, or cause a
designee to perform, any defaulted obligation of the Master Servicer or the
Special Servicer hereunder or exercise the rights of the Master Servicer or the
Special Servicer hereunder; provided, however, that neither the Master Servicer
nor the Special Servicer shall be relieved of any of its 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.

            Section 6.06 Master Servicer or Special Servicer as Owner of a
                         Certificate

            The Master Servicer, the Special Servicer or any Affiliate of any of
them may become the Holder of (or, in the case of a Book-Entry Certificate,
Certificate Owner with respect to) any Certificate with (except as otherwise set
forth in the definition of "Certificateholder") the same rights it would have if
it were not the Master Servicer, the Special Servicer or an Affiliate of any of
them. If, at any time during which the Master Servicer or the Special Servicer
or an Affiliate of the Master Servicer or the Special Servicer is the Holder of
(or, in the case of a Book-Entry Certificate, Certificate Owner with respect to)
any Certificate, such Master Servicer or such Special Servicer, as the case may
be, proposes to take any action (including for this purpose, omitting to take a
particular action) that is not expressly prohibited by the terms hereof and
would not, in such Master Servicer's or such Special Servicer's, as the case may
be, reasonable judgment, violate the Servicing Standard, but that, if taken,
might nonetheless, in such Master Servicer's or such Special Servicer's, as the
case may be, reasonable judgment, be considered by other Persons to violate the
Servicing Standard, then such Master Servicer or such Special Servicer, as the
case may be, may (but need not) seek the approval of the Certificateholders to
such action by delivering to the Trustee a written notice that (a) states that
it is delivered pursuant to this Section 6.06, (b) identifies the Percentage
Interest in each Class of Certificates beneficially owned by such Master
Servicer or such Special Servicer, as the case may be, or by an Affiliate
thereof and (c) describes in reasonable detail the action that such Master
Servicer or such Special Servicer, as the case may be, proposes to take. The
Trustee, upon receipt of such notice, shall forward it to the Certificateholders
(other than the Master Servicer and its Affiliates or the Special Servicer and
its Affiliates, as appropriate), together with a request for approval by the
Certificateholders of each such proposed action. If at any time
Certificateholders holding greater than 50% of the Voting Rights of all
Certificateholders (calculated without regard to the Certificates beneficially
owned by the Master Servicer or its Affiliates or the Special Servicer or its
Affiliates, as the case may be) shall have consented in writing to the proposal
described in the written notice, and if the Master Servicer or the Special
Servicer, as the case may be, shall act as proposed in the written notice, such
action shall be deemed to comply with the Servicing Standard. The Trustee shall
be entitled to reimbursement from such Master Servicer or such Special Servicer,
as applicable, for the reasonable expenses of the Trustee incurred pursuant to
this paragraph. It is not the intent of the foregoing provision that the Master
Servicer or the Special Servicer be permitted to invoke the procedure set forth
herein with respect to routine servicing matters arising hereunder, but rather
in the case of unusual circumstances.

                                  ARTICLE VII

                                     DEFAULT

            Section 7.01 Events of Default

            (a) "Event of Default," wherever used herein, means any one of the
following events:

            (i) any failure by the Master Servicer to deposit into a Collection
      Account any amount required to be so deposited under this Agreement, which
      failure continues unremedied for two Business Days following the date on
      which such deposit was first required to be made; or

            (ii) any failure by the Special Servicer to deposit into an REO
      Account or a Collection Account, or to remit to the Master Servicer for
      deposit into a Collection Account, any amount required to be so deposited
      or remitted under this Agreement, which failure continues unremedied for
      two Business Days following the date on which such deposit or remittance,
      as the case may be, was first required to be made; or

            (iii) any failure by the Master Servicer to remit to the Trustee for
      deposit into the Distribution Account, on any Master Servicer Remittance
      Date, the full amount of P&I Advances required to be made on such date or,
      on any Master Servicer Remittance Date, the full amount of the Master
      Servicer Remittance Amount and any Compensating Interest Payment required
      to be remitted on such date, which failure continues unremedied until
      11:00 a.m. (New York City time) on the related Distribution Date;
      provided, however, that if the Master Servicer fails to timely make any
      such remittance required to be made to the Trustee on a Master Servicer
      Remittance Date, the Master Servicer shall pay to the Trustee (for the
      account of the Trustee) interest on any amount not timely remitted at the
      Prime Rate from and including such Master Servicer Remittance Date to but
      excluding the date such remittance is actually made; or

            (iv) [reserved]; or

            (v) any failure by the Master Servicer to timely make any Servicing
      Advance required to be made by it hereunder, which Servicing Advance
      remains unmade for a period of three Business Days following the date on
      which notice has been given to such Master Servicer, as the case may be,
      by the Trustee as provided in Section 3.03(c); or

            (vi) 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 such Master Servicer or such
      Special Servicer, as the case may be, contained in this Agreement, which
      failure continues unremedied for a period of 30 days after the date on
      which written notice of such failure, requiring the same to be remedied,
      shall have been given to such Master Servicer or such Special Servicer, as
      the case may be, by any other party hereto or to such Master Servicer or
      such Special Servicer, as the case may be, with a copy to each other party
      hereto, by the Holders of Certificates entitled to at least 25% of the
      Voting Rights or by the Controlling Class Representative; provided,
      however, that with respect to any such breach which is not curable within
      such 30-day period such Master Servicer or such Special Servicer, as the
      case may be, shall have an additional cure period of 30 days to effect
      such cure so long as such delay does not materially and adversely affect
      the Certificateholders and such Master Servicer or such Special Servicer,
      as the case may be, has commenced to cure such failure within the initial
      30-day period and has provided the Trustee with an Officer's Certificate
      certifying that it has diligently pursued, and is continuing to pursue, a
      full cure; or

            (vii) any breach on the part of the Master Servicer or the Special
      Servicer of any representation or warranty contained in this Agreement
      that 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 such Master Servicer or such Special
      Servicer, as the case may be, by any other party hereto or to such Master
      Servicer or such Special Servicer, as the case may be, with a copy to each
      other party hereto, by the Holders of Certificates entitled to at least
      25% of the Voting Rights or by the Controlling Class Representative;
      provided, however, that with respect to any such breach which is not
      curable within such 30-day period, such Master Servicer or such Special
      Servicer, as the case may be, shall have an additional cure period of 30
      days to effect such cure so long as such delay does not materially and
      adversely affect the Certificateholders and such Master Servicer or such
      Special Servicer, as the case may be, has commenced to cure such breach
      within the initial 30-day period and has provided the Trustee with an
      Officer's Certificate certifying that it has diligently pursued, and is
      continuing to pursue, a full cure; or

            (viii) 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 Master Servicer or the Special Servicer and such decree or order shall
      have remained in force undischarged, undismissed or unstayed for a period
      of 60 days; or

            (ix) 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, marshalling
      of assets and liabilities or similar proceedings of or relating to it or
      of or relating to all or substantially all of its property; or

            (x) 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

            (xi) Moody's has (A) qualified, downgraded or withdrawn its rating
      or ratings of one or more Classes of Certificates, or (B) placed one or
      more Classes of Certificates on "watch status" in contemplation of
      possible rating downgrade or withdrawal (and such "watch status" placement
      shall not have been withdrawn by Moody's within 60 days of such
      placement), and, in case of either of clause (A) or (B), citing servicing
      concerns with the Master Servicer or Special Servicer as the sole or a
      material factor in such rating action, provided that the Master Servicer
      shall have 60 days after removal from such default within which it may
      sell its servicing rights to a party acceptable under Section 7.02 of this
      Agreement; or

            (xii) Fitch has (A) qualified, downgraded or withdrawn its rating or
      ratings of one or more Classes of Certificates, or (B) placed one or more
      Classes of Certificates on "watch status" in contemplation of possible
      rating downgrade or withdrawal (and such "watch status" placement shall
      not have been withdrawn by Fitch within 60 days of such placement), and,
      in case of either of clause (A) or (B), citing servicing concerns with the
      Master Servicer or Special Servicer as the sole or a material factor in
      such rating action, provided that the Master Servicer shall have 60 days
      after removal from such default within which it may sell its servicing
      rights to a party acceptable under Section 7.02 of this Agreement; or

            (xiii) subject to Section 12.16(c), the Master Servicer or Special
      Servicer shall fail to deliver any Exchange Act reporting items required
      to be delivered by such servicer under Article XII (other than items to be
      delivered by a Designated Sub-Servicer) by the time required under Article
      XII after any applicable grace periods; provided that, with respect to any
      Servicing Function Participant retained by the Master Servicer or Special
      Servicer, as applicable (other than a Designated Sub-Servicer listed)
      (such entity, the "Sub-Servicing Entity"), the Sub-Servicing Entity will
      be automatically terminated if it defaults in accordance with the
      provision of this clause (xiii) and the Master Servicer or Special
      Servicer, as applicable, will be required to provide the reports required
      by the related Sub-Servicing Entity and if the Master Servicer or Special
      Servicer, as applicable, fails to do so (beyond the applicable grace
      period) it shall be an Event of Default with respect to the Master
      Servicer or Special Servicer, as applicable, in accordance with the
      provision of this clause (xiii).

            (b) If any Event of Default with respect to the Master Servicer or
the Special Servicer (in either case, for purposes of this Section 7.01(b), the
"Defaulting Party") occurs and is continuing, then, and in each and every such
case, so long as the Event of Default has not been remedied, the Trustee may,
and at the written direction of the Holders of Certificates entitled to not less
than 25% of the Voting Rights, the Trustee shall (subject to applicable
bankruptcy or insolvency law in the case of clauses (viii) through (x) of
Section 7.01(a)), terminate, by notice in writing to the Defaulting Party (with
a copy of such notice to each other party hereto), all of the rights and
obligations (accruing from and after such notice) of the Defaulting Party under
this Agreement and in and to the Trust Fund (other than pursuant to Section 3.11
or Section 6.03 and other than as a Holder of any Certificate). 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 Mortgage Loans
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 Mortgage Loans and
related documents, or otherwise. The Master Servicer and the Special Servicer
each agrees that, if it is terminated pursuant to this Section 7.01(b), it shall
promptly (and in any event no later than 20 days subsequent to its receipt of
the notice of termination) provide the Trustee with all documents and records
requested thereby to enable the Trustee to assume such Master Servicer's or
Special Servicer's, as the case may be, functions hereunder, and shall otherwise
cooperate with the Trustee in effecting the termination of such Master
Servicer's or Special Servicer's, as the case may be, responsibilities and
rights hereunder, including the transfer within two Business Days to the Trustee
for administration by it of all cash amounts that at the time are or should have
been credited by such Master Servicer to a Collection Account, the Distribution
Account or any Servicing Account or Reserve Account held by it (if it is the
Defaulting Party) or by such Special Servicer to an REO Account, a Collection
Account or any Servicing Account or Reserve Account held by it (if it is the
Defaulting Party) or that are thereafter received by or on behalf of it with
respect to any Mortgage Loan or REO Property (provided, however, that the Master
Servicer and the Special Servicer shall, if terminated pursuant to this Section
7.01(b), continue to be obligated to pay and entitled to receive all amounts
accrued or owing by or to it under this Agreement on or prior to the date of
such termination, whether in respect of Advances or otherwise, including Workout
Fees (as and to the extent provided in Section 3.11(c)), and it and its members,
managers, directors, officers, employees and agents shall continue to be
entitled to the benefits of Section 3.11 and Section 6.03 notwithstanding any
such termination). Any costs or expenses (including those of any other party
hereto) incurred in connection with any actions to be taken by the Master
Servicer or the Special Servicer pursuant to this paragraph shall be borne by
such Master Servicer or Special Servicer, as the case may be (and, in the case
of the Trustee's costs and expenses, if not paid within a reasonable time, shall
be borne by the Trust out of the Collection Account).

            (c) If the Master Servicer receives notice of termination under
Section 7.01(b) solely due to an Event of Default under Section 7.01(a)(xi) or
Section 7.01(a)(xii) and if such Master Servicer to be terminated pursuant to
Section 7.01(b) provides the Trustee with the appropriate "request for proposal"
materials within five (5) Business Days following such termination notice, then
such Master Servicer shall continue to service as Master Servicer hereunder
until a successor Master Servicer is selected in accordance with this Section
7.01(c). Upon receipt of the "request for proposal" materials from the Master
Servicer, the Trustee shall promptly thereafter (using such "request for
proposal" materials) solicit good faith bids for the rights to service the
Mortgage Loans under this Agreement from at least three (3) Persons qualified to
act as Master Servicer hereunder in accordance with Section 6.02 and Section
7.02 (any such Person so qualified, a "Qualified Bidder") or, if three (3)
Qualified Bidders cannot be located, then from as many persons as the Trustee
can determine are Qualified Bidders; provided that, at the Trustee's request,
the Master Servicer shall supply the Trustee with the names of Persons from whom
to solicit such bids; and provided, further, that the Trustee shall not be
responsible if less than three (3) or no Qualified Bidders submit bids for the
right to service the Mortgage Loans under this Agreement. The bid proposal shall
require any Successful Bidder (as defined below), as a condition of such bid, to
enter into this Agreement as successor Master Servicer, and to agree to be bound
by the terms hereof (including but not limited to Section 3.11) within 45 days
after the notice of termination of the Master Servicer. The Trustee shall select
the Qualified Bidder with the highest cash bid to act as successor Master
Servicer hereunder; provided, however, that if the Trustee does not receive
confirmation in writing by each Rating Agency that the appointment of such
Successful Bidder as successor Master Servicer will not result in the
withdrawal, downgrade, or qualification of the rating assigned by the Rating
Agency to any Class of Certificates within 10 days after the selection of such
Successful Bidder, then the Trustee shall repeat the bid process described above
(but subject to the above described 45 day time period) until such confirmation
is obtained. The Trustee shall direct the Successful Bidder to enter into this
Agreement as successor Master Servicer pursuant to the terms hereof no later
than 45 days after notice of the termination of the Master Servicer.

            Upon the assignment and acceptance of master servicing rights
hereunder (subject to the terms of Section 3.11) to and by the Successful
Bidder, the Trustee shall remit or cause to be remitted to the Master Servicer
to be terminated pursuant to Section 7.01(b), the amount of such cash bid
received from the Successful Bidder (net of "out of pocket" expenses incurred in
connection with obtaining such bid and transferring servicing).

            The Master Servicer to be terminated pursuant to Section 7.01(b)
shall be responsible for all out of pocket expenses incurred in connection with
the attempt to sell its rights to service the Mortgage Loans, which expenses are
not reimbursed to the party that incurred such expenses pursuant to the
preceding paragraph.

            If the Successful Bidder has not entered into this Agreement as
successor Master Servicer within the above described time period or no
Successful Bidder was identified within the above described time period, the
Master Servicer to be terminated pursuant to Section 7.01(b) shall reimburse the
Trustee for all reasonable "out of pocket" expenses incurred by the Trustee in
connection with such bid process and the Trustee shall have no further
obligations under this Section 7.01(c). The Trustee thereafter may act or may
select a successor to act as Master Servicer hereunder in accordance with
Section 7.02.

            Section 7.02 Trustee to Act; Appointment of Successor

            On and after the time the Master Servicer or the Special Servicer
resigns pursuant to Section 6.04(a) or receives a notice of termination pursuant
to Section 7.01 (provided that no acceptable successor has been appointed in
connection with the sale by the Master Servicer of its servicing rights in
accordance with Section 7.01(c), the Trustee shall be the successor in all
respects to such Master Servicer or such Special Servicer, as the case may be,
in its capacity as such 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 arising thereafter
placed on such Master Servicer or such Special Servicer, as the case may be, by
the terms and provisions hereof, including, if the Master Servicer is the
resigning or terminated party, such Master Servicer's obligation to make
Advances; provided, however, that any failure to perform such duties or
responsibilities caused by the Master Servicer's or the Special Servicer's, as
the case may be, failure to cooperate or to provide information or monies as
required by Section 7.01 shall not be considered a default by the Trustee
hereunder. Neither the Trustee nor any other successor shall be liable for any
of the representations and warranties of the resigning or terminated party or
for any losses incurred by the resigning or terminated party pursuant to Section
3.06 hereunder nor shall the Trustee or any other successor be required to
purchase any Mortgage Loan hereunder. As compensation therefor, the Trustee
shall be entitled to all fees and other compensation (subject to Section 3.11)
which the resigning or terminated party would have been entitled to for future
services rendered if the resigning or terminated party had continued to act
hereunder. Notwithstanding the above, if it is unwilling to so act, the Trustee
may (and, if it is unable to so act, or if the Trustee is not approved as an
acceptable master servicer or special servicer, as the case may be, by each
Rating Agency, or if the Holders of Certificates entitled to a majority of all
the Voting Rights so request in writing, the Trustee shall), subject to Section
3.25, promptly appoint, or petition a court of competent jurisdiction to
appoint, any established and qualified institution as the successor to the
Master Servicer or the Special Servicer, as the case may be, hereunder in the
assumption of all or any part of the responsibilities, duties or liabilities of
such Master Servicer or such Special Servicer, as the case may be, hereunder;
provided, however, that such appointment does not result in an Adverse Rating
Event with respect to any Class of Rated Certificates (as confirmed in writing
to the Trustee by each Rating Agency). No appointment of a successor to the
Master Servicer or the Special Servicer hereunder shall be effective until the
assumption by such successor of all its responsibilities, duties and liabilities
hereunder, and pending such appointment and assumption, the Trustee shall act in
such capacity as hereinabove provided. In connection with any such appointment
and assumption, the Trustee may make such arrangements for the compensation of
such successor out of payments on the Mortgage Loans or otherwise as it and such
successor shall agree; provided, however, that no such compensation shall be in
excess of that permitted the resigning or terminated party hereunder. The
Depositor, the Trustee, such successor and each other party hereto shall take
such action, consistent with this Agreement, as shall be necessary to effectuate
any such succession.

            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 such Master Servicer or
such Special Servicer pursuant to Section 7.01, any appointment of a successor
to such Master Servicer or such Special Servicer pursuant to Section 6.02, 6.04
or 7.02 or the effectiveness of any designation of a new Special Servicer
pursuant to Section 3.25, the Trustee shall give prompt written notice thereof
to Certificateholders at their respective addresses appearing in the Certificate
Register, to the Swap Counterparty and, to the extent such information has been
made available to the Trustee, to the B Loan Holder.

            (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) five days after a Responsible Officer of
the Trustee has actual knowledge of the occurrence of such an event, the Trustee
shall transmit by mail to the Depositor, the Swap Counterparty and all
Certificateholders notice of such occurrence, and the Depositor shall send to
the B Loan Holder 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; provided that an Event of
Default under clause (i), clause (ii), clause (iii), clause (xi), clause (xii)
or clause (xiii) of Section 7.01(a) may be waived only by all of the
Certificateholders of the affected Classes. Upon any such waiver of an Event of
Default, and payment to the Trustee of all costs and expenses incurred by the
Trustee in connection with such default prior to its waiver (which costs shall
be paid by the party requesting such 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 registered in the name of any other Person.

            Section 7.05 Trustee Advances

            If the Master Servicer fails to fulfill its obligations hereunder to
make any Advances, the Trustee shall perform such obligations (x) in accordance
with Section 3.03(c) with respect to Servicing Advances and (y) by 12:00 noon,
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
Nonrecoverable Servicing Advance, as the case may be; 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.

                                  ARTICLE VIII

                                   THE TRUSTEE

            Section 8.01 Duties of Trustee

            (a) The Trustee, prior to the occurrence of an Event of Default and
after the curing or waiver 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 and no permissive right of the Trustee shall be
construed as a duty. 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 contained in this Agreement shall not be construed as a duty.

            (b) The Trustee, upon receipt of all resolutions, certificates,
statements, opinions, reports, documents, orders or other instruments furnished
to the Trustee 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 shall make a request to the responsible party to
have the instrument corrected, and if the instrument is not corrected to the
Trustee's reasonable satisfaction, the Trustee will provide notice thereof to
the Certificateholders. 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.

            (c) No provision of this Agreement shall be construed to relieve the
Trustee 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
      Trustee's duties and obligations shall be determined solely by the express
      provisions of this Agreement, the Trustee 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, in the absence of bad faith
      on the part of the Trustee, the Trustee 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
      conforming to the requirements of this Agreement;

            (ii) The Trustee shall not be personally liable for an error of
      judgment made in good faith by a Responsible Officer or Responsible
      Officers of the Trustee, unless it shall be proved that the Trustee was
      negligent in ascertaining the pertinent facts;

            (iii) The Trustee 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, or exercising any
      trust or power conferred upon the Trustee, 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, or (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 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 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 shall not be under any 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 reasonable opinion,
      such Certificateholders shall have offered to the Trustee reasonable
      security or indemnity against the costs, expenses and liabilities which
      may be incurred therein or thereby; the Trustee shall not be under any
      obligation to take any action to enforce the rights of the Trust Fund
      under the Swap Agreement unless it expects, in its sole discretion, that
      the costs and expenses of such action(s) will be reimbursed by the Swap
      Counterparty or any other party or it has received an indemnity or
      assurance of payment satisfactory to the Trustee from the Holders of the
      Class A-MFL Certificates; the Trustee 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 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 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;

            (vi) The Trustee 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 of its duties or obligations
      hereunder; provided, further, that the Trustee may not perform any duties
      hereunder through any Person that is a Prohibited Party;

            (vii) For all purposes under this Agreement, the Trustee 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 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 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 Controlling Class
      Representative Directing Certificateholder (unless it is acting as the
      Master Servicer, the Special Servicer or the Controlling Class
      Representative, 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 Mortgage Loans

            The recitals contained herein and in the Certificates, other than
the acknowledgments and expressed intentions of the Trustee in Sections 2.01,
2.02, 2.04, 2.05, 3.01, 10.01, 11.04 and 11.12 shall not be taken as the
statements of the Trustee and the Trustee assumes no responsibility for their
correctness. None of the Master Servicer, Special Servicer or the Trustee makes
any representations as to the validity or sufficiency of this Agreement or of
any Certificate or of any Mortgage 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 Mortgage 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 May Own Certificates

            The Trustee, in its individual capacity and not as Trustee, 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 each would have if it
were not Trustee.

            Section 8.05 Fees and Expenses of Trustee; Indemnification of and
                         by Trustee

            (a) On each Distribution Date, the Trustee shall withdraw from the
Distribution Account, prior to any distributions to be made therefrom to
Certificateholders on such date, and pay to itself all earned but unpaid Trustee
Fees in respect of the Mortgage Loans and any REO Mortgage Loans through the end
of the most recently ended calendar month, as compensation for all services
rendered by the Trustee in the execution of the trusts hereby created and in the
exercise and performance of any of the powers and duties of the Trustee. As to
each Mortgage Loan and REO Mortgage Loan, the Trustee Fee, shall accrue during
each calendar month, commencing with March 2007, at the Trustee Fee Rate on a
principal amount equal to the Stated Principal Balance of such Mortgage Loan or
REO Mortgage Loan immediately following the Distribution Date in such calendar
month (or, in the case of March 2007, on a principal amount equal to the Cut-off
Date Principal Balance of the particular Mortgage Loan), whether or not interest
is actually collected on each Mortgage Loan and REO Mortgage Loan. With respect
to each Mortgage Loan and REO Mortgage Loan, the Trustee Fee shall accrue from
time to time on the same Interest Accrual Period as is applicable to such
Mortgage Loan or REO Mortgage Loan. Except as otherwise expressly provided
herein, the Trustee Fees (which shall not be limited by any provision of law in
regard to the compensation of a trustee of an express trust) shall constitute
the Trustee's sole compensation for such services to be rendered by it.

            (b) The Trustee shall be paid or reimbursed by the Trust Fund upon
its request for all reasonable out-of-pocket 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), 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 .

            (c) 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 Mortgage 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(c) 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(c) shall survive any resignation or removal of
the Trustee and appointment of a successor thereto.

            Section 8.06 Eligibility Requirements for Trustee

            The Trustee hereunder shall at all times be, and will be required to
resign if it fails to be, (i) a corporation, bank, trust company or banking
association, organized and doing business under the laws of any state or the
United States of America or the District of Columbia, 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, (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 "Aa3" or higher by Moody's (or such other rating 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), and shall not be an Affiliate of the
Depositor, 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).

            If such corporation, bank, trust company 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, bank, trust company 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.

            Section 8.07 Resignation and Removal of Trustee

            (a) The Trustee 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, all Certificateholders and the B Loan
Holders. Upon receiving such notice of resignation, the Depositor shall promptly
appoint a successor trustee acceptable to 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 and to
the successor trustee. A copy of such instrument shall be delivered to the
Master Servicer, the Special Servicer, the Swap Counterparty, the
Certificateholders and the B Loan Holders by the Depositor. If no successor
trustee shall have been so appointed and have accepted appointment within 30
days after the giving of such notice of resignation, the resigning Trustee may
petition any court of competent jurisdiction for the appointment of a successor
trustee. The resigning Trustee 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 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 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 shall become
incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver
of the Trustee or of its property shall be appointed, or any public officer
shall take charge or control of the Trustee or of its property or affairs for
the purpose of rehabilitation, conservation or liquidation, then the Depositor
may remove the Trustee and appoint a successor trustee acceptable to 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 so removed and to the successor trustee. A copy of such
instrument shall be delivered to the Master Servicer, the Special Servicer, the
Certificateholders and the B Loan Holders by the Depositor.

            (c) The Holders of Certificates entitled to at least 51% of the
Voting Rights may at any time remove the Trustee 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 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, the
remaining Certificateholders and the B Loan Holders by the Master Servicer at
the expense of the Trust Fund. The Trustee shall be reimbursed for all
reasonable costs and expenses incurred by it in connection with such removal
within 30 days of demand therefor from amounts on deposit in the Distribution
Account (provided the Trustee is removed without cause).

            Any resignation or removal of the Trustee and appointment of a
successor trustee or pursuant to any of the provisions of this Section 8.07
shall not become effective until acceptance of appointment by the successor
trustee as provided in Section 8.08.

            Within 30 days following any succession of the Trustee under this
Agreement, the predecessor Trustee shall be paid all accrued and unpaid
compensation and reimbursement as provided for under this Agreement for services
rendered and expenses incurred. No Trustee shall be liable for any action or
omission of any successor trustee.

            Section 8.08 Successor Trustee

            (a) Any successor trustee 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, an instrument accepting
such appointment hereunder, and thereupon the resignation or removal of the
predecessor Trustee, shall become effective and such successor trustee, 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 herein. The predecessor Trustee
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 shall accept appointment as provided in
this Section 8.08 unless at the time of such acceptance such successor trustee
is eligible under the provisions of Section 8.06 and is not a Prohibited Party.

            (c) Upon acceptance of appointment by a successor trustee as
provided in this Section 8.08, the successor trustee shall, at the expense of
the successor trustee, mail notice of the succession of such Trustee hereunder
to the Depositor, the Certificateholders and the B Loan Holders.

            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 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 in
respect of the Master Servicer shall have occurred and be continuing, the
Trustee 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, 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.

            (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 when acting as 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 Appointment of Custodians

            The Trustee may, with the consent of the Master Servicer, appoint at
the Trustee's own expense one or more Custodians to hold all or a portion of the
Mortgage Files as agent for the Trustee; provided that if the Custodian is an
Affiliate of the Trustee such consent of the Master Servicer need not be
obtained and the Trustee shall inform the Master Servicer of such appointment.
Each Custodian shall be a depository institution supervised and regulated by a
federal or state banking authority, shall have combined capital and surplus of
at least $10,000,000, shall be qualified to do business in the jurisdiction in
which it holds any Mortgage File, shall not be the Depositor, any Mortgage Loan
Seller or any Affiliate of the Depositor or any Mortgage Loan Seller, and shall
have in place a fidelity bond and errors and omissions policy, each in such form
and amount as is customarily required of custodians acting on behalf of Freddie
Mac or Fannie Mae. Each Custodian shall be subject to the same obligations,
standard of care, protection and indemnities as would be imposed on, or would
protect, the Trustee hereunder in connection with the retention of Mortgage
Files directly by the Trustee. The appointment of one or more Custodians shall
not relieve the Trustee from any of its obligations hereunder, and the Trustee
shall remain responsible for all acts and omissions of any Custodian.

            Section 8.12 Access to Certain Information

            (a) On or prior to the date of the first sale of any Non-Registered
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 Non-Registered 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, each B Loan Holder and its designees, the Depositor, the Master
Servicer, the Special Servicer, the Controlling Class Representative, 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 Non-Registered Certificate, any private
placement memorandum or other disclosure document relating to the Class of
Certificates to which such Non-Registered 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 11.01, (B) the Prospectus
and any amendments or supplements thereto, (C) the respective Mortgage Loan
Purchase Agreements and any amendments thereto, (D) all statements required to
be delivered, or otherwise required to be made available, to Certificateholders
of the relevant Class pursuant to Section 4.02 since the Closing Date, (E) all
Officer's Certificates delivered to the Trustee since the Closing Date pursuant
to Section 12.11 or 12.12, (F) all accountants' reports delivered to the Trustee
since the Closing Date pursuant to Section 12.13, (G) any and all notices,
reports and environmental assessments delivered to the Trustee with respect to
any Mortgaged Property securing a defaulted Mortgage Loan as to which the
environmental testing contemplated by Section 3.09(c)(i) revealed that either of
the conditions set forth in clauses (x) and (y) thereof was not satisfied (but
only for so long as such Mortgaged Property or the related Mortgage Loan are
part of the Trust Fund); (H) any and all modifications, waivers and amendments
of the terms of a Mortgage 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 Mortgage Loan is part of the Trust Fund), (I) 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, (J) any and all of the Mortgage Loan Documents contained in
the Mortgage Files, (K) any and all Appraisals obtained pursuant to the
definition of "Appraisal Reduction" herein, (L) information regarding the
occurrence of Servicing Transfer Events as to the Mortgage Loans and (M) any and
all Sub-Servicing Agreements 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, the Master Servicer, the Special Servicer and, so long as
the requests are not excessive or duplicative, to the Controlling Class
Representative, 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
Trustee shall, in accordance with such reasonable rules and procedures as it 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, and,
with respect to any A/B Loan Pair, the related B Loan Holder(s), as well as
certain additional information received by the Trustee to any Certificateholder,
the Underwriters, the Initial Purchaser, any Certificate Owner, any B Loan
Holder or any prospective investor identified as such by a Certificate Owner or
the Underwriters or Initial Purchaser or, with respect to any A/B Loan Pair, a
related B Loan Holder, as applicable, that requests such reports or information;
provided that the Trustee 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; and provided, further, that no B Loan Holder or
prospective investor in a B Loan shall be entitled to any such report or
information except to the extent that it relates to the subject A/B Loan Pair.

            (c) With respect to any information furnished by the Trustee
pursuant to this Section 8.12, the Trustee shall be entitled to indicate the
source of such information and the Trustee may affix thereto any disclaimer it
deems appropriate in its discretion. The Trustee shall notify Certificateholders
(and, with respect to any A/B Loan Pair, any related B Loan Holders) 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 above in this Section 8.12 to Certificateholders,
Certificate Owners, prospective purchasers of Certificates or interests therein
or licensed or registered investment advisors of any of the foregoing, the
Trustee may require: (i) in the case of Certificateholders and Certificate
Owners, a confirmation executed by the requesting Person substantially in form
and substance in the form of Exhibit K-1 or otherwise reasonably acceptable to
the Trustee generally to the effect that such Person is a registered or
beneficial holder of Certificates or a licensed or registered 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 (ii) in the case of a prospective purchaser
or a licensed or registered investment advisor representing such Person,
confirmation executed by the requesting Person in form and substance in the form
of Exhibit K-2 or otherwise reasonably acceptable to the Trustee generally to
the effect that such Person is a prospective purchaser of a Certificate or an
interest therein or a licensed or registered 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. The Trustee shall not be liable for the dissemination of
information in accordance with this Agreement.

                                   ARTICLE IX

                                   TERMINATION

            Section 9.01 Termination Upon Repurchase or Liquidation of All
                         Mortgage Loans

            (a) Subject to Section 9.02, the Trust and the respective
obligations and responsibilities under this Agreement of the parties hereto
(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 (or any B Loan Holder, if
applicable) of all amounts held by or on behalf of the Trustee and required
hereunder to be so paid on the Distribution Date following the earlier to occur
of: (i) the purchase by the Master Servicer, the Special Servicer, or any single
Controlling Class Certificateholder or group of Controlling Class
Certificateholders of all Mortgage Loans and each REO Property remaining in the
Trust Fund at a price (the "Termination Price") equal to (A) the aggregate
Purchase Price of all the Mortgage Loans remaining in the Trust Fund (exclusive
of any REO Mortgage Loan(s)), plus (B) the appraised value of each REO Property,
if any, included in the Trust Fund, such appraisal to be conducted by a
Qualified Appraiser selected by the Special Servicer and approved by the Trustee
and the Master Servicer, minus (C) if the purchaser is the Master Servicer or
the Special Servicer, the aggregate amount of unreimbursed Advances made by such
Person, together with any unpaid Advance Interest in respect of such
unreimbursed Advances and any unpaid servicing compensation payable to such
Person (which items shall be deemed to have been paid or reimbursed to such
Master Servicer or such Special Servicer, as the case may be, in connection with
such purchase); (ii) if the aggregate Class Principal Balance of the Class A-1,
Class A-2, Class A-AB, Class A-3, Class A-1-A, Class A-M, Class A-J, Class B,
Class C, Class D, Class E, Class F, Class G, Class H, Class J and Class K
Certificates have been reduced to zero, the acquisition of all of the Mortgage
Loans and REO Properties remaining in the Trust Fund by the Sole
Certificateholder(s) in exchange for all the remaining Certificates; and (iii)
the final payment or other liquidation (or any advance with respect thereto) of
the last Mortgage Loan or REO Property remaining in the Trust Fund; provided,
however, that in no event shall the Trust continue beyond the 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,
living on the date hereof.

            (b) Any single Controlling Class Certificateholder or group of
Controlling Class Certificateholders, the Master Servicer or the Special
Servicer, in that order of preference, may at its option elect to purchase all
the Mortgage Loans and each REO Property remaining in the Trust Fund as
contemplated by clause (i) of Section 9.01(a) by giving written notice to the
other parties hereto (and, in the case of an election by the Master Servicer or
Special Servicer, to the Holders of each Controlling Class) no later than 60
days prior to the anticipated date of purchase; provided, however, that the
aggregate Stated Principal Balance of the Mortgage Pool at the time of such
election is less than 1.0% of the Initial Pool Balance; and provided, further,
that within 30 days after written notice of such election is so given, no Person
with a higher right of priority to make such an election does so; and provided,
further, that if more than one Controlling Class Certificateholder or group of
Controlling Class Certificateholders desire to purchase all of the Mortgage
Loans and any REO Properties, preference shall be given to the Certificateholder
or group of Certificateholders with the largest Percentage Interest in the
Controlling Class. If the Trust is to be terminated in connection with the
purchase of all the Mortgage Loans and each REO Property remaining in the Trust
Fund by the Master Servicer, the Special Servicer or any Controlling Class
Certificateholder(s), such Person(s) shall: deliver to the Master Servicer for
deposit (or, if the Master Servicer is the purchaser, it shall deposit) in a
Collection Account (after the Determination Date, and prior to the Master
Servicer Remittance Date, relating to the anticipated Final Distribution Date)
an amount in immediately available funds equal to the Termination Price; and
(ii) shall reimburse all of the parties hereto (other than itself, if
applicable) for all reasonable out-of-pocket costs and expenses incurred by such
parties in connection with such purchase. On the Master Servicer Remittance Date
for the Final Distribution Date, the Master Servicer shall transfer to the
Lower-Tier Distribution Account all amounts required to be transferred thereto
on such Master Servicer Remittance 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 the deposit of the Termination Price has
been made to the Collection Account and the reimbursement contemplated by the
second preceding sentence has been made to the parties hereto, 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, (or its designee) the
Mortgage Files for the remaining Mortgage 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 Mortgage
Loans and REO Properties remaining in the Trust Fund and its rights under the
Mortgage Loan Purchase Agreement.

            For purposes of this Section 9.01, the Controlling Class
Representative, 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.

            Following the date on which the aggregate Certificate Principal
Balance of the Registered Certificates is reduced to zero, the Sole
Certificateholder(s) shall have the right to exchange all of the Certificates
for all of the Mortgage 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(s) elect(s) to exchange
all of the Certificates for all of the Mortgage Loans and each REO Property
remaining in the Trust Fund in accordance with the preceding sentence, such Sole
Certificateholder(s), not later than the Business Day prior to the Distribution
Date on which the final distribution on the Certificates is to occur, shall
deposit in each Collection Account an amount in immediately available funds
equal to all amounts then due and owing to the Depositor, the Master Servicer,
the Special Servicer and the Trustee hereunder that may be withdrawn from such
Collection Account pursuant to Section 3.05(a) or that may be withdrawn from the
Lower-Tier Distribution Account pursuant to Section 3.05(b), but only to the
extent that such amounts are not already on deposit in the Collection Account.
In addition, the Master Servicer shall transfer to the Trustee for deposit into
the Lower-Tier Distribution Account all amounts required to be transferred by it
to such account on such Master Servicer Remittance Date from such Collection
Account pursuant to the first paragraph of Section 3.04(b). Upon confirmation
that such final deposits have been made and following the surrender of all the
Certificates on the Final Distribution Date, the Trustee shall release or cause
to be released to the Sole Certificateholder(s) or any designee thereof, the
Mortgage Files for the remaining Mortgage Loans and shall execute all
assignments, endorsements and other instruments furnished to it by the Sole
Certificateholder(s) as shall be necessary to effectuate transfer of the
Mortgage Loans and REO Properties remaining in the Trust Fund.

            (c) Notice of any termination shall be given promptly by the Trustee
by letter to Certificateholders and each B Loan Holder mailed (x) if such notice
is given in connection with the purchase of all the Mortgage Loans and each REO
Property remaining in the Trust Fund by the Master Servicer, the Special
Servicer or any Certificateholder(s) of the Controlling Class, 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 and (y) otherwise during the
month of such final distribution on or before the Master Servicer Remittance
Date in such month, in any event specifying (i) the Distribution Date upon which
the Trust Fund will terminate and final payment on the Certificates will be
made, (ii) the amount of any such final payment in respect of each Class of
Certificates 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 office or agency of the Trustee or such
other location therein designated.

            (d) After transferring the Lower-Tier Distribution Amount and the
amount of any Yield Maintenance Charges distributable pursuant to Section
4.01(d) to the Upper-Tier Distribution Account pursuant to Section 3.04(b) and
the amounts distributable in respect of the Class A-MFL Regular Interest from
the Upper-Tier Distribution Account to the Floating Rate Account pursuant to
Section 3.04(g) 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 (and with respect of the Class
A-MFL Certificates, the Floating Rate 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 or
from the Upper-Tier Distribution Account to the Floating Rate 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), 4.01(d) and
4.01(e)(ii) and shall be distributed in termination and liquidation of the
Uncertificated Lower-Tier Interests and the Class LR Certificates in accordance
with Sections 4.01(b), 4.01(d) and 4.01(e)(ii). 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(h).

            Section 9.02 Additional Termination Requirements

            (a) If the Master Servicer, the Special Servicer or a Controlling
Class Certificateholder purchases, or the Sole Certificateholder(s) exchange all
of the Certificates for, all the Mortgage Loans and each REO Property remaining
in the Trust Fund as provided in Section 9.01, the Trust and each Trust REMIC
shall be terminated in accordance with the following additional requirements,
which meet the definition of a "qualified liquidation" of the Lower-Tier REMIC
and the Upper-Tier 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 Upper-Tier
      REMIC's and the Lower-Tier 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 and the Lower-Tier REMIC to such Special
      Servicer, the Holders of the Controlling Class or such Master Servicer, as
      the case may be, for cash; and

            (iii) immediately following the making of the final payment on the
      Uncertificated Lower-Tier Interests and the Certificates, the Trustee
      shall distribute or credit, or cause to be distributed or credited, to the
      Class LR Certificates (in the case of the Lower-Tier REMIC) and the Class
      R Certificates (in the case of the Upper-Tier REMIC) all cash on hand
      (other than cash retained to meet claims), in the Trust Fund and each of
      the Lower-Tier REMIC and the Upper-Tier REMIC shall terminate at that
      time.

            (b) In the event the Trust Fund is to be terminated while the Swap
Agreement is still in effect, the Trustee shall promptly notify the Swap
Counterparty in writing of the date on which the Trust Fund is to be terminated
and that the notional amount of the Swap Agreement will be reduced to zero on
such date. Based on the date of termination, the Trustee shall confirm the Class
A-MFL Net Fixed Swap Payment, if any, calculated by the Swap Counterparty, and
prior to any final distributions to the Holders of the Class A-MFL Certificates
pursuant to Section 9.01, shall pay such Class A-MFL Net Fixed Swap Payment, if
any, to the Swap Counterparty. In the event that any fees (including termination
fees) are payable to the Swap Counterparty in connection with such termination,
such fees will be payable to the Swap Counterparty solely from amounts remaining
in the Floating Rate Account after all distributions to the Class A-MFL
Certificates are made pursuant to Section 9.01.

                                   ARTICLE X

                            ADDITIONAL TAX PROVISIONS

            Section 10.01 Tax Administration

            (a) The Trustee shall make or cause to be made elections to treat
each of the Lower-Tier REMIC and the Upper-Tier REMIC as a REMIC 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 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 either Trust REMIC other than the
foregoing interests.

            (b) The Closing Date is hereby designated as the Startup Day for the
Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section
860G(a)(9) of the Code.

            (c) [Reserved.]

            (d) 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. 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 the Lower-Tier REMIC and the Upper-Tier
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.

            (e) 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 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.

            (f) 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 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) 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.

            (g) 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 either
Trust REMIC to fail to qualify as a REMIC or (ii) result in the imposition of a
tax under the REMIC Provisions upon either 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, but not including the tax on net income from foreclosure property
imposed by Section 860G(c) 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 either Trust REMIC, cause either 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 either Trust REMIC is not
material and in its sole discretion agrees 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 taking 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 not 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 either Trust REMIC, and such party shall
not take any such action, or cause either Trust REMIC 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.

            (h) In the event that any tax is imposed on "prohibited
transactions" of either Trust REMIC as defined in Section 860F(a)(2) of the
Code, on "contributions" to either REMIC after the Startup Day pursuant to
Section 860G(d) of the Code, or any other tax is imposed by the Code or any
applicable provisions of state or local tax laws (other than a tax on "net
income from foreclosure property" pursuant to Section 860G(c) of the Code or
similar provisions of state or local tax laws, provided that the Special
Servicer complied with all requirements specified herein for foreclosure
property), 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 such Master Servicer, by such 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, which breach constitutes negligence or willful misconduct of the
Trustee, 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 the Special
Servicer, if such tax arises out of or results from a breach, which breach
constitutes negligence or willful misconduct of such Special Servicer, by such
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 a Net Aggregate Prepayment Interest
Shortfall.

            (i) 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.

            (j) Following the Startup Day, none of the Master Servicer, the
Special Servicer or the Trustee shall accept any contributions of assets to
either 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 either Trust REMIC will not cause either Trust REMIC to fail to
qualify as a REMIC at any time that any Certificates are outstanding or subject
either Trust REMIC created hereunder to any tax under the REMIC Provisions or
other applicable provisions of federal, state and local law or ordinances.

            (k) None of the Master Servicer, the Special Servicer or the Trustee
shall enter into any arrangement by which either Trust REMIC will receive a fee
or other compensation for services nor, to the extent reasonably within their
control, permit either Trust REMIC to receive an 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.

            (l) 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 (other than the Class A-MFL
Certificates) and the Class A-MFL Regular Interest is the Rated Final
Distribution Date.

            (m) Within 30 days after the Closing Date, the Trustee shall obtain
a taxpayer identification number for each REMIC Pool on Form SS-4 and 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.

            (n) As soon as possible after the Swap Agreement is entered into
(but no later than the first payment date under the Swap Agreement), the Trustee
shall request from the IRS a taxpayer identification number for the Grantor
Trust Pool and upon receipt thereof deliver or cause to be delivered the federal
taxpayer identification number of the Grantor Trust Pool on an IRS Form W-9 to
the Swap Counterparty and, if requested by the Swap Counterparty (unless not
permitted under federal income tax law), an applicable IRS Form W-8IMY.

            (o) None of the Trustee, the Master Servicer or the Special Servicer
shall sell or dispose of or substitute for any of the Mortgage Loans (except in
connection with (i) the default, imminent default or foreclosure of a Mortgage
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 pursuant to Article X of
this Agreement or (iv) a purchase of Mortgage Loans pursuant to Article II,
Section 3.18 or Section 9.01 of this Agreement or pursuant to any A/B
Intercreditor Agreement or mezzanine intercreditor agreement) nor acquire any
assets for the Trust Fund or either Trust REMIC, nor sell or dispose of any
investments in the Collection Account for gain, nor accept any contributions to
either Trust REMIC after the Closing Date, unless it has received an Opinion of
Counsel (at the expense of the Person seeking such sale or acquisition) that
such sale or disposition will not affect adversely the status of either Trust
REMIC as a REMIC or cause either Trust REMIC to be subject to a tax on
"prohibited transactions" or "contributions" pursuant to the REMIC Provisions.

            (p) 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 Article. The Trustee shall be entitled to rely conclusively upon all
such information so provided to it without recalculation or other investigation.

            (q) 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 10.01 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 Article 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, any expenses involved in any tax examination, audit or proceeding, and
the expense of any tax-related Opinion of Counsel or other professional advice
requested by the Trustee for the benefit or protection of the
Certificateholders.

            Section 10.02 Depositor, Master Servicer and Special Servicer to
                          Cooperate with Trustee

            (a) The Depositor shall provide or cause to be provided to the
Trustee, within 10 days after the Closing Date, all information or data that the
Trustee reasonably determines to be relevant for tax purposes as to the
valuations and issue prices of the Certificates, including the price, yield,
prepayment assumption and projected cash flow of the Certificates.

            (b) The Master Servicer and the Special Servicer shall furnish such
reports, certifications and information in its possession, and access to such
books and records maintained thereby, as may relate to the Certificates or the
Trust Fund and as shall be reasonably requested by the Trustee in order to
enable it to perform its duties under this Article X.

                                   ARTICLE XI

                            MISCELLANEOUS PROVISIONS

            Section 11.01 Amendment

            (a) This Agreement may be amended from time to time by the mutual
agreement of the parties hereto, without the consent of any of the
Certificateholders or any B Loan Holder, (i) to cure any ambiguity, (ii) to
correct, modify or supplement any provision herein which may be inconsistent
with any other provision herein or with the description thereof in the
Prospectus or the Prospectus Supplement or to correct any error, (iii) to make
any other provisions with respect to matters or questions arising hereunder
which shall not be inconsistent with the then existing provisions hereof, (iv)
as evidenced by an Opinion of Counsel delivered to the Trustee, the Master
Servicer and the Special Servicer, to relax or eliminate (A) any requirement
hereunder imposed by the REMIC Provisions or Grantor Trust Provisions (if the
REMIC Provisions or Grantor Trust Provisions are amended or clarified such that
any such requirement may be relaxed or eliminated) or (B) any transfer
restriction imposed on the Certificates pursuant to Section 5.02(b) or Section
5.02(c) (if applicable law is amended or clarified such that any such
restriction may be relaxed or eliminated), (v) as evidenced by an Opinion of
Counsel delivered to the Trustee, either (X) to comply with any requirements
imposed by the Code or any successor or amendatory statute or any temporary or
final regulation, revenue ruling, revenue procedure or other written official
announcement or interpretation relating to federal income tax laws or any such
proposed action which, if made effective, would apply retroactively to either
Trust REMIC or the Grantor Trust Pool at least from the effective date of such
amendment, or (Y) to avoid the occurrence of a prohibited transaction or to
reduce the incidence of any tax that would arise from any actions taken with
respect to the operation of either Trust REMIC or the Grantor Trust Pool or to
facilitate administration of and reporting duties with respect to each Grantor
Trust Pool in accordance with the Grantor Trust Provisions or (Z) to comply with
any requirements imposed by the Commission with respect to any proposed or
adopted temporary or final regulation or other written official announcement or
interpretation relating to the securities laws which, would apply retroactively
to the Depositor, any Underwriter or the Trust Fund, (vi) subject to Section
5.02(d)(iv), to modify, add to or eliminate any of the provisions of Section
5.02(d)(i), (ii) or (iii), or (vii) to avoid an Adverse Rating Event with
respect to any Class of Rated Certificates; provided that no such amendment may
significantly change the activities of the Trust; provided, further, that no
such amendment may adversely affect in any material respect the rights or
obligations of any Mortgage Loan Seller under a Mortgage Loan Purchase Agreement
without the consent of such Mortgage Loan Seller; and provided, further, that
any such amendment for the specific purposes described in clause (iii), (iv) or
(vii) above shall not adversely affect in any material respect the interests of
any Certificateholder, any B Loan Holder, the Swap Counterparty or any
third-party beneficiary to this Agreement or any provision hereof, as evidenced
by the Trustee's receipt of an Opinion of Counsel to that effect (or,
alternatively, in the case of a Class of Rated Certificates, written
confirmation from each applicable Rating Agency to the effect that such
amendment shall not result in an Adverse Rating Event with respect to any Class
of Rated Certificates); and provided, further, that with respect to any such
amendment for the specific purposes described in clause (iii) above, the Trustee
shall receive written confirmation from each applicable Rating Agency to the
effect that such amendment shall not result in an Adverse Rating Event with
respect to any Class of Rated Certificates.

            (b) This Agreement may also be amended from time to time by the
mutual agreement of the parties hereto, with the consent of the Holders of
Certificates entitled to not less than 51% of the Voting Rights allocated to all
of the Classes that are materially affected by the amendment, 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; provided, however, that no such amendment shall (i)
reduce in any manner the amount of, or delay the timing of, payments received or
advanced on Mortgage Loans and/or REO Properties which are required to be
distributed on any Certificate, without the consent of the Holder of such
Certificate, or which are required to be distributed to any B Loan Holder,
without the consent of such B Loan Holder, (ii) adversely affect in any material
respect the interests of the Holders of any Class of Certificates or any B Loan
Holder in a manner other than as described in clause (i) above, without the
consent of the Holders of all Certificates of such Class or the consent of such
B Loan Holder, as applicable, (iii) modify the provisions of this Section 11.01
or the definition of "Servicing Standard," without the consent of the Holders of
all Certificates then outstanding (and each B Loan Holder if such modification
affects the rights of such B Loan Holder), (iv) adversely affect in any material
respect the interests of any third-party beneficiary (including the Mortgage
Loan Sellers) to this Agreement or any provision herein, without the consent of
such third-party beneficiary, (v) significantly change the activities of the
Trust, without the consent of the Holders of Certificates entitled to no less
than 51% of all the Voting Rights (without regard to Certificates held by the
Depositor or any of its Affiliates and/or agents) or (vi) adversely affect in
any material respect the interests or rights of the Swap Counterparty without
the consent of such Swap Counterparty. Notwithstanding any other provision of
this Agreement, for purposes of the giving or withholding of consents pursuant
to this Section 11.01, 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 registered in the name
of any other Person.

            (c) Notwithstanding any contrary provision of this Agreement, none
of the Trustee, the Master Servicer or the Special Servicer shall consent to any
amendment to this Agreement unless it shall first have obtained or been
furnished with an Opinion of Counsel to the effect that neither such amendment
nor the exercise of any power granted to any party hereto in accordance with
such amendment will result in an Adverse REMIC Event with respect to either
Trust REMIC or an Adverse Grantor Trust Event with respect to the Grantor Trust
Pool, the cost of which Opinion of Counsel shall be at the expense of the Trust
Fund, in the case of any amendment requested by the Master Servicer or the
Special Servicer that protects or is in furtherance of the interests of the
Certificateholders, and otherwise borne by the party requesting such amendment.

            (d) Promptly after the execution and delivery of any amendment by
all parties thereto, the Trustee shall send a copy thereof to each
Certificateholder, each B Loan Holder and to each Rating Agency.

            (e) It shall not be necessary for the consent of Certificateholders
under this Section 11.01 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, execution and delivery 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 11.01 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 11.01(a) or (c) shall be borne by the Person seeking the related
amendment, except that if the Trustee requests any amendment of this Agreement
that it reasonably believes protects or is in furtherance of the rights and
interests of Certificateholders, the cost of any Opinion of Counsel required in
connection therewith pursuant to Section 11.01(a) or (c) shall be payable out of
the Distribution Account.

            (h) Notwithstanding the foregoing, absent a material adverse effect
on any Certificateholder, this Agreement may be amended by the parties hereto
without the consent of any of the Certificateholders to the extent necessary for
any Mortgage Loan Seller and their Affiliates to obtain accounting "sale"
treatment for the Mortgage Loans under FAS 140.

            Section 11.02 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 or, to the extent that it benefits
any B Loan Holder, by such B Loan Holder) to the effect that such recordation
materially and beneficially affects the interests of the Certificateholders
and/or the B Loan Holders.

            (b) 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 11.03 Limitation on Rights of Certificateholders and B Loan
                          Holders

            (a) The death or incapacity of any Certificateholder or B Loan
Holder shall not operate to terminate this Agreement or the Trust, nor entitle
such Certificateholder's or such B Loan Holder'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, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.

            (b) No Certificateholder or B Loan Holder 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 or B Loan Holders from time to time as partners or members of
an association; nor shall any Certificateholder or B Loan Holder 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 or B Loan Holder 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 Mortgage 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 entitled to at
least 25% of the Voting Rights 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 any other Holders of 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 11.03, each and every
Certificateholder and the Trustee shall be entitled to such relief as can be
given either at law or in equity.

            Section 11.04 Governing Law

            This Agreement and the Certificates shall be construed in accordance
with the substantive laws of the State of New York applicable to agreements made
and to be performed entirely in said State, and the obligations, rights and
remedies of the parties hereunder shall be determined in accordance with such
laws. The parties hereto intend that the provisions of Section 5-1401 of the New
York General Obligations Law shall apply to this Agreement.

            Section 11.05 Notices

            Any communications provided for or permitted hereunder shall be in
writing (including by telecopy) and, unless otherwise expressly provided herein,
shall be deemed to have been duly given when delivered to or, in the case of
telecopy notice, when received: (i) 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 Casey McCutcheon, Esq.,
Compliance Department, telecopy number: (212) 325-8282; (ii) in the case of the
Underwriter and the Initial Purchaser, Credit Suisse First Boston Corporation,
Eleven Madison Avenue, New York, New York 10010, Attention: Edmund Taylor, with
a copy to Casey McCutcheon, Esq., Compliance Department, telecopy number: (212)
325-8282; (iii) in the case of the Special 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, with a copy
to Stinson Morrison Hecker LLP, 1201 Walnut Street, Suite 2900, Kansas City,
Missouri 64106, Attention: Russ Brien, telecopy number: (816) 691-3495; (iv) in
the case of the Master Servicer, Capmark Finance Inc., 116 Welsh Road, Horsham,
PA 19044 Attention: Managing Director, Servicing Operations, re: Credit Suisse
First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
Certificates, Series 2007-C1, telecopy number: (215) 328-3478; (v) in the case
of the Trustee, Wells Fargo Bank, N.A., 9062 Old Annapolis Road, Columbia,
Maryland 21045-1951, Attention: Corporate Trust Services (CMBS) - Credit Suisse
First Boston Series 2007-C1; (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, New York, New York 10004,
Attention: Commercial Mortgage Surveillance, telecopy number: (212) 635-0295;
(vii) in the case of any Mortgage Loan Seller, the address for notices to such
Mortgage Loan Seller under the related Mortgage Loan Purchase Agreement; (viii)
in the case of the Column Performance Guarantor, the address for notices to the
Column Performance Guarantor under the Column Performance Guarantee; (ix) in the
case of the initial the B Loan Holder as specified in the A/B 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 Controlling Class Representative,
Anthracite Capital, Inc., 345 Park Avenue, New York, New York 10154, Attention:
Dan Sefcik, telecopy number: (212) 754-8758; or as to each such Person such
other address and/or telecopy number 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.

            Section 11.06 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
covenant(s), agreement(s), provision(s) or term(s) 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 11.07 Successors and Assigns; Beneficiaries

            The provisions of this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns,
and all such provisions shall inure to the benefit of the Certificateholders.
Each Mortgage Loan Sellers, each B Loan Holders and, subject to any limited
recourse provisions in the Swap Agreement, the Swap Counterparty is an intended
third-party beneficiary in respect of the rights afforded to it hereunder. In
addition, the Column Primary Servicer is an intended third-party beneficiary in
respect of the rights afforded to it under Section 6.03. No other person,
including, without limitation, any Borrower, shall be entitled to any benefit or
equitable right, remedy or claim under this Agreement.

            Section 11.08 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 11.09 Notices to and from the Rating Agencies and the
                          Depositor

            (a) The Trustee shall use reasonable efforts to promptly provide
notice to each Rating Agency and the Depositor 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 and the appointment of a successor;

            (iv) any change in the location of the Distribution Account, the
      Interest Reserve Account, the Floating Rate Account, the Post-ARD
      Additional Interest Distribution Account or the Excess Liquidation
      Proceeds Account;

            (v) any repurchase or substitution of a Mortgage Loan by a Mortgage
      Loan Seller or the Column Performance Guarantor, as contemplated by
      Section 2.03; and

            (vi) the final payment to any Class of Certificateholders.

            (b) The Master Servicer shall promptly provide notice to each Rating
Agency and the Depositor with respect to each of the following of which it has
actual knowledge:

            (i) the resignation or removal of the Trustee and the appointment of
      a successor; and

            (ii) any change in the location of the Collection Account.

            (c) The Master Servicer and the Special Servicer, as the case may
be, shall furnish each Rating Agency such information with respect to the
Mortgage Loans as such Rating Agency shall reasonably request and which such
Master Servicer or such Special Servicer, as the case may be, can reasonably
provide to the extent consistent with applicable law and the related Mortgage
Loan Documents. In any event, the Master Servicer and the Special Servicer shall
notify each Rating Agency with respect to each of the following with respect to
the Mortgage Loans of which it has actual knowledge:

            (i) any change in the lien priority of the Mortgage securing any
      Mortgage Loan;

            (ii) any change in the identity of the anchor tenant (i.e., a tenant
      representing more than 20% of the total net rentable square feet of space)
      at any Mortgaged Property used for retail purposes or any change in the
      term of the lease for an anchor tenant at any such Mortgaged Property;

            (iii) any assumption of, or release or substitution of collateral
      for, a Mortgage Loan that represents greater than 2% of the then aggregate
      Stated Principal Balance of the Mortgage Pool;

            (iv) any defeasance of a Mortgage Loan or material damage to a
      Mortgaged Property;

            (v) any change in a franchise held by the related Borrower;

            (vi) any loan subject to bankruptcy proceedings;

            (vii) any release of a Letter of Credit or debt service reserve with
      respect to any Mortgage Loan; and

            (viii) any incurrence of additional indebtedness on a Mortgaged
      Property securing a Mortgage Loan that by itself, or as part of a Crossed
      Mortgage Loan group or group of Mortgage Loans with affiliated Borrowers,
      has an original principal balance that is one of the ten highest original
      principal balances in the Mortgage Pool.

            (d) The Trustee shall promptly after each Distribution Date make
available to each Rating Agency a copy of the related Trustee Report.

            (e) The Master Servicer and the Special Servicer, as the case may
be, shall promptly furnish (in hard copy format or through use of the Master
Servicer's Website), to each Rating Agency copies of the following items (in
each case, at or about the same time that it delivers or causes the delivery of
such item to the Trustee):

            (i) each of its annual compliance statements and reports pursuant to
      Section 12.11 and Section 12.12;

            (ii) each of its annual accountants' reports pursuant to Section
      12.13; and

            (iii) each report prepared pursuant to Section 3.09(e).

            (f) The parties intend that each Rating Agency provide to the
Trustee, upon request, a listing of the then-current rating (if any) assigned by
such Rating Agency to each Class of Certificates then outstanding.

            Section 11.10 Notices to Controlling Class Representative

            The Trustee, the Master Servicer or the Special Servicer, as the
case may be, shall deliver to the Controlling Class Representative a copy of
each notice or other item of information such Person is required to deliver to
the Rating Agencies pursuant to Section 11.09, in each case simultaneously with
the delivery thereof to the Rating Agencies, to the extent not already delivered
pursuant to this Agreement.

            Section 11.11 Complete Agreement

            This Agreement embodies the complete agreement among the parties and
may not be varied or terminated except by a written agreement conforming to the
provisions of Section 11.01. All prior negotiations or representations of the
parties are merged into this Agreement and shall have no force or effect unless
expressly stated herein.

            Section 11.12 Grant of a Security Interest

            The Depositor and the Trustee intend that the conveyance of the
Depositor's right, title and interest in and to the Mortgage 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 and the Trustee intend 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 Mortgage
Loans, all principal and interest received or receivable with respect to the
Mortgage 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, any A/B
Loan Pair Custodial Account (insofar as such amounts relate to the related
Mortgage Loan or any successor REO Mortgage Loan with respect thereto), 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 Mortgage Loans and (ii) this Agreement shall constitute a security
agreement under applicable law. This Section 11.12 shall constitute notice to
the Trustee pursuant to any of the requirements of the applicable UCC.

                                  ARTICLE XII

               EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

            Section 12.01 Intent of the Parties; Reasonableness

            Except with respect to Section 12.11, Section 12.12 and Section
12.13, the parties hereto acknowledge and agree that the purpose of Article XII
of this Agreement is to facilitate compliance by the Depositor with the
provisions of Regulation AB and related rules and regulations of the Commission.
The Depositor shall not exercise its rights to request delivery of information
or other performance under these provisions other than reasonably and in good
faith, or for purposes other than compliance with the Securities Act, the
Exchange Act, the Sarbanes-Oxley Act and, in each case, the rules and
regulations of the Commission thereunder. The parties hereto acknowledge that
interpretations of the requirements of Regulation AB may change over time,
whether due to interpretive guidance provided by the Commission or its staff,
consensus among participants in the asset-backed securities markets, advice of
counsel, or otherwise, and agree to comply with requests made by the Depositor
in good faith for delivery of information under these provisions on the basis of
evolving interpretations of the requirements of Regulation AB. In connection
with the Certificates, each of the parties to this Agreement shall cooperate
fully with the reasonable request of the Depositor to deliver or make available
to the Depositor (including any of their assignees or designees), any and all
statements, reports, certifications, records and any other information in the
applicable Person's possession and necessary in the good faith determination of
the Depositor to permit the Depositor to comply with the provisions of
Regulation AB, together with such disclosures relating to the Master Servicer,
the Special Servicer, any Servicing Function Participant and the Trustee, as
applicable, or the Servicing of the Mortgage Loans, reasonably believed by the
Depositor to be necessary in order to effect such compliance. For the avoidance
of doubt, none of the Master Servicer, the Special Servicer or any Servicing
Function Participant is responsible to make filings with the Commission.

            Section 12.02 Reserved

            Section 12.03 Information to be Provided by the Master Servicer,
                          the Special Servicer, the Trustee and each
                          Servicing Function Participant

            For so long as the Trust is subject to the reporting requirements of
the Exchange Act with respect to the Certificates, in connection with the
succession to the Master Servicer, the Special Servicer, any Servicing Function
Participant or the Trustee as a servicer or trustee under this Agreement by any
Person (i) into which such Master Servicer, such Special Servicer, such
Servicing Function Participant or the Trustee may be merged or consolidated, or
(ii) which may be appointed as a successor to such Master Servicer, such Special
Servicer, any Servicing Function Participant or the Trustee, such successor
Person shall provide to the Depositor, at least 5 calendar days prior to the
effective date of such succession or appointment (as long as such disclosure
prior to such effective date would not be violative of any applicable law or
confidentiality agreement, otherwise immediately following such effective date,
but no later than required pursuant to Section 12.09), (x) written notice to the
Trustee and the Depositor of such succession or appointment and (y) in writing
and in form and substance reasonably satisfactory to the Trustee and the
Depositor, all information relating to such successor reasonably requested by
the Depositor in order to comply with its reporting obligation under Item 6.02
of Form 8-K with respect to any Class of Certificates.

            Section 12.04 Reserved

            Section 12.05 Filing Obligations

            The Master Servicer, the Special Servicer and the Trustee shall, and
the Master Servicer and the Special Servicer, as applicable, shall use
commercially reasonable efforts to cause each Servicing Function Participant
(other than any party to this Agreement and any Designated Sub-Servicer) with
which it has entered into a servicing relationship with respect to the Mortgage
Loans to, reasonably cooperate with the Trustee and the Depositor in connection
with the Trustee's and Depositor's good faith efforts to satisfy the Trust's
reporting requirements under the Exchange Act.

            Section 12.06 Form 10-D Filings

            Within 15 days after each Distribution Date (subject to permitted
extensions under the Exchange Act), the Trustee shall prepare and file on behalf
of the Trust any Form 10-D required by the Exchange Act and the rules and
regulations of the Commission thereunder in form and substance as required by
the Exchange Act and the rules and regulations of the Commission thereunder. The
Trustee shall file each Form 10-D, pursuant to the paragraph immediately
succeeding, with a copy of the related Trustee Report attached thereto. Any
disclosure in addition to the Trustee Report that is required to be included on
Form 10-D ("Additional Form 10-D Disclosure") shall, pursuant to the paragraph
immediately succeeding, (and to the extent not otherwise reported pursuant to
any other provision of this Agreement) be reported by the parties set forth on
Exhibit V and approved or disapproved, as the case may be, as to form and
substance, by the Depositor. The Trustee shall have no duty or liability for any
failure hereunder to determine or prepare any Additional Form 10-D Disclosure
(other than such Additional Form 10-D Disclosure which is to be reported by it
as set forth on Exhibit V), absent such reporting and approval.

            For so long as the Trust is subject to the reporting requirements of
the Exchange Act, within 5 calendar days after the related Distribution Date,
(i) each party listed on Exhibit V hereto shall be required to provide to the
Trustee and the Depositor, to the extent a Servicing Officer or Responsible
Officer, as the case may be, thereof has actual knowledge (other than Item 1117
of Regulation AB as to such party which shall be reported if actually known by
any Servicing Officer or Responsible Officer, as the case may be, any lawyer in
the in-house legal department or a senior manager of such party), in
EDGAR-compatible format, or in such other format as otherwise agreed upon by the
Trustee, the Depositor and such party, any Additional Form 10-D Disclosure
described on Exhibit V applicable to such party, (ii) include with such
Additional Form 10-D Disclosure, an Additional Disclosure Notification
substantially in the form attached hereto as Exhibit Y and (iii) the Trustee
shall, at any time prior to filing the related Form 10-D, provide prompt notice
to the Depositor to the extent that the Trustee is notified of an event
reportable on Form 10-D for which it has not received the necessary Additional
Form 10-D Disclosure from the applicable party. No later than the 5th calendar
day after the Distribution Date, the Depositor will approve, as to form and
substance, or disapprove, as the case may be, the inclusion of the Additional
Form 10-D Disclosure on Form 10-D. The Trustee has no duty under this Agreement
to monitor or enforce the performance by the parties listed on Exhibit V of
their duties under this paragraph or proactively solicit or procure from such
parties any Additional Form 10-D Disclosure information. The Depositor will be
responsible for any reasonable fees and expenses assessed or incurred by the
Trustee in connection with including any Additional Form 10-D Disclosure on Form
10-D pursuant to this paragraph.

            After preparing the Form 10-D, the Trustee shall forward
electronically a draft copy of the Form 10-D to the Depositor for review and
approval; provided that the Trustee shall use its reasonable best efforts to
provide such copy to the Depositor by the 3rd Business Day prior to the 15th
calendar day after the related Distribution Date, but in no event earlier than
24 hours after receipt of direction from the Depositor regarding the inclusion
of any Additional Form 10-D Disclosure pursuant to the preceding paragraph.
Within two Business Days after receipt of such copy, but no later than the 12th
calendar day after the Distribution Date, the Depositor shall notify the Trustee
in writing (which may be furnished electronically) of any changes to or approval
of such Form 10-D and, a duly authorized representative of the Depositor shall
sign the Form 10-D and return an electronic or fax copy of such signed Form 10-D
(with an original executed hard copy to follow by overnight mail) to the
Trustee. Form 10-D requires the registrant to indicate (by checking "yes" or
"no") that it "(1) has filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days". The Depositor hereby
instructs the Trustee, with respect to each Form 10-D, to check "yes" for each
item unless the Trustee has received timely prior written notice from the
Depositor that the answer should be "no" for an item. The Trustee shall file
such Form 10-D, upon signature thereof as provided in Section 12.16, not later
than (i) 5:30 p.m. (New York City time) on the 15th calendar day after the
related Distribution Date or (ii) such other time as the Depositor and the
Trustee mutually agree is permitted by the Commission for the filing such Form
10-D. If a Form 10-D cannot be filed on time or if a previously filed Form 10-D
needs to be amended, the Trustee will follow the procedures set forth in Section
12.10(b). Promptly, but no later than one Business Day after filing with the
Commission, the Trustee shall, pursuant to Section 4.02(c), make available on
its Website a final executed copy of each Form 10-D prepared and filed by the
Trustee. The parties to this Agreement acknowledge that the performance by the
Trustee of its duties under this Section 12.06 related to the timely preparation
and filing of Form 10-D is contingent upon such parties observing all applicable
deadlines in the performance of their duties under this Section 12.06. The
Trustee shall have no liability for any loss, expense, damage, claim arising out
of or with respect to any failure to properly prepare, arrange for execution
and/or file such Form 10-D where such failure results from the Trustee's
inability or failure to receive on a timely basis any information from any other
party hereto needed to prepare, arrange for execution or file such Form 10-D,
not resulting from its own negligence, bad faith or willful misconduct.

            Section 12.07 Form 10-K Filings

            Within 90 days after the end of each fiscal year of the Trust or
such earlier date as may be required by the Exchange Act (the "10-K Filing
Deadline") (it being understood that the fiscal year for the Trust ends on
December 31st of each year), commencing in March 2008, the Trustee shall prepare
and file on behalf of the Trust a Form 10-K, in form and substance as required
by the Exchange Act. Each such Form 10-K shall include the following items, in
each case to the extent they have been delivered to the Trustee within the
applicable time frames set forth in this Agreement, (i) an annual compliance
statement for each applicable Reporting Servicer, as described under Section
12.11, (ii)(A) the annual reports on assessment of compliance with servicing
criteria for each applicable Reporting Servicer, as described under Section
12.12, and (B) if any Reporting Servicer's report on assessment of compliance
with servicing criteria described under Section 12.12 identifies any material
instance of noncompliance, disclosure identifying such instance of
noncompliance, or if any Reporting Servicer's report on assessment of compliance
with servicing criteria described under Section 12.12 is not included as an
exhibit to such Form 10-K, disclosure that such report is not included and an
explanation as to why such report is not included, (iii)(A) the registered
public accounting firm attestation report for each Reporting Servicer, as
described under Section 12.13, and (B) if any registered public accounting firm
attestation report described under Section 12.13 identifies any material
instance of noncompliance, disclosure identifying such instance of
noncompliance, or if any such registered public accounting firm attestation
report is not included as an exhibit to such Form 10-K, disclosure that such
report is not included and an explanation as to why such report is not included,
and (iv) a Sarbanes-Oxley Certification as described in Section 12.08. Any
disclosure or information in addition to (i) through (iv) above that is required
to be included on Form 10-K ("Additional Form 10-K Disclosure") shall, pursuant
to the paragraph immediately succeeding, be reported by the parties set forth on
Exhibit W and approved or disapproved, as the case may be, as to form and
substance, by the Depositor, and the Trustee will have no duty or liability for
any failure hereunder to determine or prepare any Additional Form 10-K
Disclosure absent such reporting or approval. However, where information from
such other party for inclusion in a Form 10-K is not received on a timely basis,
but is subsequently provided within a time period that may allow for the timely
filing of the applicable Form 10-K or an amendment thereto, then the Trustee
shall use reasonable efforts to properly prepare, arrange for execution and file
such Form 10-K or amendment thereto.

            For so long as (but only for so long as) the Trust is subject to the
reporting requirements of the Exchange Act, no later than March 15th, commencing
in March 2008 (i) each party listed on Exhibit W hereto shall be required to
provide to the Trustee and the Depositor, to the extent a Servicing Officer or a
Responsible Officer, as the case may be, thereof has actual knowledge (other
than with respect to disclosure required pursuant to Items 1117 and 1119 of
Regulation AB as to such party which shall be reported if actually known by any
Servicing Officer, any lawyer in the in-house legal department or a senior
manager of such party), in EDGAR-compatible format, or in such other form as
otherwise agreed upon by the Trustee, the Depositor and such party, any
Additional Form 10-K Disclosure described on Exhibit W applicable to such party,
(ii) include with such Additional Form 10-K Disclosure, an Additional Disclosure
Notification substantially in the form attached hereto as Exhibit Y and (iii)
the Trustee shall, at any time prior to filing the related Form 10-K, provide
prompt notice to the Depositor to the extent that the Trustee is notified of an
event reportable on Form 10-K for which it has not received the necessary
Additional Form 10-K Disclosure from the applicable party. No later than March
15th, the Depositor will approve, as to form and substance, or disapprove, as
the case may be, the inclusion of the Additional Form 10-K Disclosure on Form
10-K. Other than with respect to itself, the Trustee has no duty under this
Agreement to monitor or enforce the performance by the parties listed on Exhibit
W of their duties under this paragraph or proactively solicit or procure from
such parties any Additional Form 10-K Disclosure information. The Depositor will
be responsible for any reasonable fees and expenses assessed or incurred by the
Trustee in connection with including any Additional Form 10-K Disclosure on Form
10-K pursuant to this paragraph.

            After preparing the Form 10-K, the Trustee shall forward
electronically a copy of the Form 10-K to the Depositor for review. Within three
Business Days after receipt of such copy, but no later than March 25th, the
Depositor shall notify the Trustee in writing (which may be furnished
electronically) of any changes to or approval of such Form 10-K. No later than
5:00 p.m. EST on the 4th Business Day prior to the 10-K Filing Deadline, a
senior officer in charge of securitization of the Depositor shall sign the Form
10-K and return an electronic or fax copy of such signed Form 10-K (with an
original executed hard copy to follow by overnight mail) to the Trustee. If a
Form 10-K cannot be filed on time or if a previously filed Form 10-K needs to be
amended, the Trustee will follow the procedures set forth in Section 12.10(b).
Form 10-K requires the registrant to indicate (by checking "yes" or "no") that
it "(1) has filed all reports required to be filed by Section 13 or 15(d) of the
Exchange Act during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days." The Depositor hereby instructs the
Trustee, with respect to each Form 10-K, to check "yes" for each item unless the
Trustee has received timely prior written notice from the Depositor that the
answer should be "no" for an item. After filing with the Commission, the Trustee
shall, pursuant to Section 4.02(c), make available on its Website a final
executed copy of each Form 10-K filed by the Trustee. The parties to this
Agreement acknowledge that the performance by the Trustee of its duties under
this Section 12.07 related to the timely preparation and filing of Form 10-K is
contingent upon such parties (and any Additional Servicer or Servicing Function
Participant) observing all applicable deadlines in the performance of their
duties under this Article XII. The Trustee shall have no liability with respect
to any failure to properly prepare and/or file such Form 10-K resulting from the
Trustee's inability or failure to receive from any other party any information
needed to prepare, arrange for execution or file such Form 10-K on a timely
basis, not resulting from its own negligence, bad faith or willful misconduct.

            Section 12.08 Sarbanes-Oxley Certification

            Each Form 10-K shall include a certification (the "Sarbanes-Oxley
Certification") as set forth in Exhibit M-1 attached hereto, required to be
included therewith pursuant to the Sarbanes-Oxley Act. Each Reporting Servicer
shall, and the Master Servicer, the Special Servicer and the Trustee shall use
reasonable efforts to cause each Servicing Function Participant with which it
has entered into a servicing relationship with respect to the Mortgage Loans
(other than any party to this Agreement and any Designated Sub-Servicer) to,
provide to the Person who signs the Sarbanes-Oxley Certification (the
"Certifying Person") by no later than March 15th of each year in which the Trust
is subject to the reporting requirements of the Exchange Act and otherwise
within a reasonable period of time upon request, a certification (each, a
"Performance Certification"), in the form attached hereto as Exhibit M-2, M-3 or
M-4, on which the Certifying Person, the entity for which the Certifying Person
acts as an officer, and such entity's officers, directors and Affiliates
(collectively with the Certifying Person, "Certification Parties") can
reasonably rely. The senior officer in charge of the securitization of the
Depositor shall serve as the Certifying Person on behalf of the Trust. Such
officer of the Certifying Person can be contacted at 11 Madison Avenue, New
York, New York 10010. If any Reporting Servicer is terminated or resigns
pursuant to the terms of this Agreement, or any applicable Sub-Servicing
Agreement, as the case may be, such Reporting Servicer shall provide a
certification to the Certifying Person pursuant to this Section 12.08 with
respect to the period of time it was subject to this Agreement or the applicable
Sub-Servicing Agreement, as the case may be. Notwithstanding the foregoing,
nothing in this paragraph shall require any Reporting Servicer (i) to certify or
verify the accurateness or completeness of any information provided to such
Reporting Servicer by third parties, (ii) to certify information other than to
such Reporting Servicer's knowledge and in accordance with such Reporting
Servicer's responsibilities hereunder or (iii) with respect to completeness of
information and reports, to certify anything other than that all fields of
information called for in written reports prepared by such Reporting Servicer
have been completed except as they have been left blank on their face.

            Each Performance Certification shall include a reasonable reliance
statement by the Reporting Servicer enabling the Certification Parties to rely
upon each (i) annual compliance statement provided by such Reporting Servicer
pursuant to Section 12.11, (ii) annual report on assessment of compliance with
servicing criteria provided by such Reporting Servicer pursuant to Section 12.12
and (iii) registered public accounting firm attestation report provided by such
Reporting Servicer pursuant to Section 12.13.

            Section 12.09 Form 8-K Filings

            Within four (4) Business Days after the occurrence of an event
requiring disclosure under Form 8-K (each a "Reportable Event"), and, if
requested by the Depositor and to the extent it receives the Form 8-K Disclosure
Information described below, the Trustee shall prepare and file on behalf of the
Trust any Form 8-K as required by the Exchange Act provided that the Depositor
shall file the initial Form 8-K in connection with the issuance of the
Certificates. Any disclosure or information related to a Reportable Event or
that is otherwise required to be included on Form 8-K ("Form 8-K Disclosure
Information") shall, pursuant to the paragraph immediately succeeding, be
reported by the parties set forth on Exhibit X and approved or disapproved, as
the case may be, by the Depositor and the Trustee shall have no duty or
liability for any failure hereunder to determine or prepare any Form 8-K
Disclosure Information (other than such Form 8-K Disclosure Information which is
to be reported by it as set forth on Exhibit X) absent such reporting and
approval.

            For so long as (but only for so long as) the Trust is subject to the
reporting requirements of the Exchange Act, (i) the parties listed on Exhibit X
hereto shall, to the extent a Servicing Officer or a Responsible Officer, as the
case may be, thereof has actual knowledge (or any officer thereof with respect
to Items 1117 and 1119 or Regulation AB as to such party), use their reasonable
efforts to provide to the Depositor and the Trustee within 1 Business Day after
the occurrence of the Reportable Event, but shall provide in no event later than
noon (New York City time) on the 2nd Business Day after the occurrence of the
Reportable Event, any Form 8-K Disclosure Information described on Exhibit X as
applicable to such party, in EDGAR-compatible format, or in such other format as
otherwise agreed upon by the Trustee, the Depositor and such party, and (ii)
include with such Additional Form 8-K Disclosure, an Additional Disclosure
Notification substantially in the form attached hereto as Exhibit Y. The
Depositor will approve, as to form and substance, or disapprove, as the case may
be, the inclusion of the Form 8-K Disclosure Information on Form 8-K no later
than 6 p.m. on the second business Day after the Reportable Event. The Trustee
has no duty under this Agreement to monitor or enforce the performance by the
parties listed on Exhibit X of their duties under this paragraph or proactively
solicit or procure from such parties any Form 8-K Disclosure Information. Any
notice delivered to the Trustee pursuant to this paragraph shall be delivered by
facsimile to (410) 715-2380 and by email to
cts.sec.notifications@wellsfargo.com, or such other address as may hereafter be
furnished by the Trustee to such other parties in writing. The Depositor will be
responsible for any reasonable fees and expenses assessed or incurred by the
Trustee in connection with including any Form 8-K Disclosure Information on Form
8-K pursuant to this paragraph.

            After preparing the Form 8-K, the Trustee shall forward
electronically a copy of the Form 8-K to the Depositor for review. Promptly, but
no later than the close of business on the third Business Day after the
Reportable Event, the Depositor shall notify the Trustee in writing (which may
be furnished electronically) of any changes to or approval of such Form 8-K. No
later than noon (New York City time) on the 4th Business Day after the
Reportable Event, a duly authorized representative of the Depositor shall sign
the Form 8-K and return an electronic or fax copy of such signed Form 8-K (with
an original executed hard copy to follow by overnight mail) to the Trustee. If a
Form 8-K cannot be filed on time or if a previously filed Form 8-K needs to be
amended, the Trustee will follow the procedures set forth in Section 12.10(b).
After filing with the Commission, the Trustee will, pursuant to Section 4.02(c),
make available on its Website a final executed copy of each Form 8-K filed by
the Trustee. The parties to this Agreement acknowledge that the performance by
the Trustee of its duties under this Section 12.09 related to the timely
preparation and filing of Form 8-K is contingent upon such parties observing all
applicable deadlines in the performance of their duties under this Section
12.09. The Trustee shall have no liability for any loss, expense, damage, claim
arising out of or with respect to any failure to properly prepare and/or timely
file such Form 8-K, where such failure results from the Trustee's inability or
failure to receive, on a timely basis, any information from any other party
hereto needed to prepare, arrange for execution or file such Form 8-K and not
resulting from the Trustee's own negligence, bad faith or willful misconduct.

            Section 12.10 Form 15 Filing; Incomplete Exchange Act Filings;
                          Amendments to Exchange Act Reports

            (a) On or before January 30 of the first year in which the Trustee
is able to do so under applicable law, the Trustee shall prepare and file a Form
15 Suspension Notification relating to the automatic suspension of reporting in
respect of the Trust under the Exchange Act, and shall provide notice to the
other parties hereto in the event such filing is not accomplished. After the
filing of Form 15, the obligations of the parties to this Agreement under
Sections 12.01, 12.03, 12.05, 12.06, 12.07, 12.08 and 12.09 shall be suspended.

            (b) The Trustee shall promptly notify (which notice, notwithstanding
the provisions of Section 10.05, may be sent by facsimile or by email and which
shall include the identity of the Master Servicer or Special Servicer who did
not deliver such information) the Depositor and the Depositor shall notify each
Master Servicer or Special Servicer that failed to deliver such information, if
all, or any portion of, any required disclosure information to be included in
any Form 8-K, Form 10-D or Form 10-K required to be filed pursuant to this
Agreement is not delivered to it within the delivery deadlines set forth in this
Agreement (exclusive of any grace or cure periods), but only to the extent the
Trustee has actual knowledge that the Master Servicer or Special Servicer, as
applicable, is required to provide such disclosure information. If the Trustee
is unable to timely file with the Commission all or any required portion of any
Form 8-K, Form 10-D or Form 10-K required to be filed by this Agreement because
required disclosure information was either not delivered to it or delivered to
it after the delivery deadlines set forth in this Agreement or for any other
reason, the Trustee shall promptly notify the Depositor of such inability to
make a timely filing with the Commission. In the case of Forms 10-D and 10-K,
the parties hereto, as necessary, shall cooperate with the Depositor and the
Trustee to prepare and file a Form 12b-25 and a Form 10-D/A and Form 10-K/A as
applicable, pursuant to Rule 12b-25 of the Exchange Act. In the case of Form
8-K, the Trustee shall, upon receipt of all required Form 8-K Disclosure
Information and upon the approval and direction of the Depositor, include such
disclosure information on the next Form 10-D. In the event that any previously
filed Form 8-K, Form 10-D or Form 10-K needs to be amended, the Trustee will, in
the case of any such amended forms relating to Additional Form 10-D Disclosure
or to Additional Form 10-K Disclosure, notify the Depositor, and the Depositor
shall notify the Master Servicer or Special Servicer and such parties shall
cooperate (only to the extent information regarding, or an action of, such party
is any part of the reason for such amendment) to prepare any necessary 8-K/A,
Form 10-D/A or Form 10-K/A. Any Form 15, Form 12b-25 or any amendment to Form
8-K, Form 10-D or Form 10-K shall be signed, in the case of Form 15, Form 12b-25
or any amendments to Form 8-K or Form 10-D, by a duly authorized officer of the
Depositor, and in the case of Form 10-K, by a senior officer of the Depositor in
charge of securitization. The Depositor, the Master Servicer and the Special
Servicer acknowledge that the performance by the Trustee of its duties under
this Section 12.10 related to the timely preparation and filing of Form 15, a
Form 12b-25 or any amendment to Form 8-K, Form 10-D or Form 10-K is contingent
upon the Master Servicer, the Depositor and the Special Servicer performing
their duties under this Section. The Trustee shall have no liability for any
loss, expense, damage, claim arising out of or with respect to any failure to
properly prepare and/or timely file any such Form 15, Form 12b-25 or any
amendments to Forms 8-K, 10-D or 10-K, where such failure results from the
Trustee's inability or failure to receive, on a timely basis, any information
from any other party hereto needed to prepare, arrange for execution or timely
file such Form 15, Form 12b-25 or any amendments to Forms 8-K, 10-D or 10-K, not
resulting from its own negligence, bad faith or willful misconduct.

            Section 12.11 Annual Compliance Statements

            The Master Servicer, the Special Servicer, the Trustee and each
Servicing Function Participant (if such Servicing Function Participant is a
servicer contemplated by Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB)
(each a "Certifying Servicer") shall, and the Master Servicer, the Special
Servicer and the Trustee shall use commercially reasonable efforts to cause each
Additional Servicer and each Servicing Function Participant (if such Servicing
Function Participant is a servicer contemplated by Item 1108(a)(2)(i), (ii) or
(iii) of Regulation AB) with which it has entered into a servicing relationship
with respect to the Mortgage Loans (other than any party to this Agreement and
any Designated Sub-Servicer) to, deliver to the Depositor and the Trustee on or
before March 15th of each year (with no grace period), commencing in March 2008,
an Officer's Certificate stating, as to the signer thereof, that (A) a review of
such Certifying Servicer's activities during the preceding fiscal year or
portion thereof and of such Certifying Servicer's performance under this
Agreement (or the applicable Sub-Servicing Agreement, as the case may be), has
been made under such officer's supervision and (B) to the best of such officer's
knowledge, based on such review, such Certifying Servicer has fulfilled all its
obligations under this Agreement, or the applicable Sub-Servicing Agreement in
the case of an Additional Servicer, in all material respects throughout such
year or portion thereof, or, if there has been a failure to fulfill any such
obligation in any material respect, specifying each such failure known to such
officer and the nature and status thereof. Each Certifying Servicer shall
forward a copy of each such statement to the Controlling Class
Certificateholder. Promptly after receipt of each such Officer's Certificate,
the Depositor shall have the right to review such Officer's Certificate and, if
applicable, consult with each Certifying Servicer, as applicable, as to the
nature of any failures by such Certifying Servicer in the fulfillment of any of
the Certifying Servicer's obligations hereunder or under the applicable
sub-servicing agreement. None of the Certifying Servicers or any Additional
Servicer or Servicing Function Participant shall be required to deliver, or to
endeavor to cause the delivery of any such Officer's Certificates until April 30
in any given year, so long as a Form 10-K is not required to be filed in respect
of the Trust for the preceding fiscal year.

            Section 12.12 Annual Reports on Assessment of Compliance with
                          Servicing Criteria

            By March 15th (with no grace period) of each year in which the Trust
is required to file a Form 10-K for the preceding fiscal year, commencing in
March 2008, or April 30 of each year in which the Trust is not required to file
a Form 10-K for the preceding fiscal year, the Master Servicer, the Special
Servicer (regardless of whether the Special Servicer has commenced special
servicing of any Mortgage Loan), the Trustee and each Servicing Function
Participant, each at its own expense, shall furnish, and each of the preceding
parties, as applicable, shall use reasonable efforts to cause each other
Servicing Function Participant (other than any party to this Agreement and any
Designated Sub-Servicer) with which it has entered into a servicing relationship
with respect to the Mortgage Loans to furnish, each at its own expense, to the
Trustee and the Depositor, with a copy to the Controlling Class
Certificateholder a report on an assessment of compliance with the Relevant
Servicing Criteria for the preceding fiscal year that contains (A) a statement
by such Reporting Servicer of its responsibility for assessing compliance with
the Relevant Servicing Criteria, (B) a statement that such Reporting Servicer
used the Servicing Criteria to assess compliance with the Relevant Servicing
Criteria, (C) such Reporting Servicer's assessment of compliance with the
Relevant Servicing Criteria as of and for the period ending the end of the
fiscal year covered by the Form 10-K required to be filed pursuant to Section
12.07, including, if there has been any material instance of noncompliance with
the Relevant Servicing Criteria, a discussion of each such failure and the
nature and status thereof, and (D) a statement that a registered public
accounting firm has issued an attestation report on such Reporting Servicer's
assessment of compliance with the Relevant Servicing Criteria as of and for such
period.

            No later than ten (10) Business Days after the end of each fiscal
year for the Trust for which a Form 10-K is required to be filed, the Master
Servicer, the Special Servicer and the Trustee shall each forward to the Trustee
and the Depositor the name and address of each Servicing Function Participant
engaged by it during such fiscal year or portion thereof (except for any
Servicing Function Participant listed on Exhibit K hereto) and what Relevant
Servicing Criteria will be addressed in the report on assessment of compliance
prepared by such Servicing Function Participant. When the Master Servicer,
Special Servicer, the Trustee and each Servicing Function Participant submit
their respective assessments to the Trustee and the Depositor, each such party
shall also at such time, if it has received the assessment (and attestation
required pursuant to Section 12.13) of each Servicing Function Participant
engaged by it, include such assessment (and attestation) in its submission to
the Trustee.

            Promptly after receipt of each such report on assessment of
compliance, (i) the Depositor shall have the right to review each such report
and, if applicable, consult with the Master Servicer, the Special Servicer, the
Trustee and any Servicing Function Participant as to the nature of any material
instance of noncompliance with the Relevant Servicing Criteria by the Master
Servicer, the Special Servicer, the Trustee or any Servicing Function
Participant, and (ii) the Trustee shall confirm that the assessments, taken
individually address the Relevant Servicing Criteria for each party as set forth
on Exhibit U and notify the Depositor of any exceptions. None of the Master
Servicer, the Special Servicer, the Trustee or any Servicing Function
Participant shall be required to deliver, or to endeavor to cause the delivery
of, any such reports until May 1 in any given year that a Form 10-K is not
required to be filed in respect of the Trust for the preceding fiscal year.

            The parties hereto acknowledge that a material instance of
noncompliance with the Relevant Servicing Criteria reported on an assessment of
compliance pursuant to this Section 12.12 by the Master Servicer, the Special
Servicer or the Trustee shall not, as a result of being so reported, in and of
itself, constitute a breach of such parties' obligations, as applicable, under
this Agreement unless otherwise provided for in this Agreement.

            Section 12.13 Annual Independent Public Accountants' Attestation

            By March 15th of each year in which the Trust is required to file a
Form 10-K for the preceding fiscal year, commencing in March 2008, or April 30
of each year in which the Trust is not required to file a Form 10-K for the
preceding fiscal year, the Master Servicer, the Special Servicer and the
Trustee, each at its own expense, shall use reasonable efforts to cause, and
each of the preceding parties, as applicable, shall use commercially reasonable
efforts to cause each other Servicing Function Participant with which it has
entered into a servicing relationship with respect to the Mortgage Loans (other
than any party to this Agreement and any Designated Sub-Servicer) to cause, each
at its own expense, a registered public accounting firm (which may also render
other services to the Master Servicer, the Special Servicer, the Trustee or such
other Servicing Function Participant, as the case may be) that is a member of
the American Institute of Certified Public Accountants to furnish a report to
the Trustee and the Depositor with a copy to the Controlling Class
Certificateholder for the preceding fiscal year, to the effect that (i) it has
obtained a representation regarding certain matters from the management of such
Reporting Servicer, which includes an assessment from such Reporting Servicer of
its compliance with the Relevant Servicing Criteria and (ii) on the basis of an
examination conducted by such firm in accordance with standards for attestation
engagements issued or adopted by the PCAOB, it is expressing an opinion as to
whether such Reporting Servicer's compliance with the Relevant Servicing
Criteria was fairly stated in all material respects, or it cannot express an
overall opinion regarding such Reporting Servicer's assessment of compliance
with the Relevant Servicing Criteria. If an overall opinion cannot be expressed,
such registered public accounting firm shall state in such report why it was
unable to express such an opinion. Such report must be available for general use
and not contain restricted use language.

            Promptly after receipt of such report from the Master Servicer,
Special Servicer, the Trustee or any Servicing Function Participant with which
it has entered into a servicing relationship with respect to the Mortgage Loans
(other than any party to this Agreement and any Designated Sub-Servicer), (i)
the Depositor shall have the right to review the report and, if applicable,
consult with the Master Servicer, the Special Servicer, the Trustee or any such
Servicing Function Participant as to the nature of any material instance of
noncompliance by such Master Servicer, the Special Servicer, the Trustee or any
such Servicing Function Participant with the Relevant Servicing Criteria, as the
case may be, in the fulfillment of any of the Master Servicer's, the Special
Servicer's, the Trustee's or the applicable Servicing Function Participant's
obligations hereunder or under any applicable sub-servicing agreement, and (ii)
the Trustee shall confirm that each assessment submitted pursuant to Section
12.12 is coupled with an attestation meeting the requirements of this Section
and notify the Depositor of any exceptions. None of the Master Servicer, the
Special Servicer, the Trustee nor any Servicing Function Participant shall be
required to deliver, or to endeavor to cause the delivery of, such reports until
April 30 in any given year so long as a Form 10-K is not required to be filed in
respect of the Trust for the preceding fiscal year.

            Section 12.14 Exchange Act Reporting Indemnification

            Each of the Master Servicer, the Special Servicer and the Trustee
shall indemnify and hold harmless each other and each Certification Party, the
Depositor and their respective directors and officers, and each other person who
controls any such entity within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act, from and against any losses,
damages, penalties, fines, forfeitures, reasonable legal fees and expenses and
related costs, judgments and other costs and expenses incurred by such
Certification Party arising out of (i) an actual breach of its obligations under
this Article XII or (ii) negligence, bad faith or willful misconduct on its part
in the performance of such obligations.

            The Master Servicer, the Special Servicer and the Trustee shall use
commercially reasonable efforts to cause each Servicing Function Participant
with which, in each case, it has entered into a servicing relationship with
respect to the Mortgage Loans (other than any party to this Agreement and any
Designated Sub-Servicer) to indemnify and hold harmless each Certification Party
from and against any losses, damages, penalties, fines, forfeitures, reasonable
legal fees and expenses and related costs, judgments and other costs and
expenses incurred by such Certification Party arising out of (i) a breach of its
obligations to provide any of the annual compliance statements or annual
assessment of servicing criteria or attestation reports pursuant to this
Agreement, or the applicable Sub-Servicing Agreement, as applicable, or (ii)
negligence, bad faith or willful misconduct on its part in the performance of
such obligations thereunder.

            If the indemnification provided for herein is unavailable or
insufficient to hold harmless any Certification Party, then the Master Servicer,
Special Servicer, Additional Servicer or other Servicing Function Participant
(the "Performing Party") shall contribute, as applicable, to the amount paid or
payable to the Certification Party as a result of the losses, claims, damages or
liabilities of the Certification Party in such proportion as is appropriate to
reflect the relative fault of the Certification Party on the one hand and the
Performing Party on the other in connection with a breach of the Performing
Party's obligations pursuant to this Article XII (or breach of its
representations or obligations under the applicable Sub-Servicing Agreement to
provide any of the annual compliance statements or annual servicing criteria
compliance reports or attestation reports) or the Performing Party's negligence,
bad faith or willful misconduct in connection therewith. The Master Servicer,
Special Servicer and the Trustee shall use reasonable efforts to cause each
Servicing Function Participant with which it has entered into a servicing
relationship (other than any party to this Agreement and any Designated
Sub-Servicer) with respect to the Mortgage Loans to agree to the foregoing
indemnification and contribution obligations.

            Promptly after receipt by an indemnified party of notice of the
commencement of any action, such indemnified party shall, if a claim in respect
thereof is to be made against the indemnifying party hereunder, notify in
writing the indemnifying party of the commencement thereof; but the omission to
so notify the indemnifying party shall not relieve it from any liability which
it may have to any indemnified party under this Agreement except to the extent
that such omission to notify materially prejudices the indemnifying party. In
case any such action is brought against any indemnified party, after the
indemnifying party has been notified of the commencement of such action, such
indemnifying party shall be entitled to participate therein (at its own expense)
and, to the extent that it may wish, shall be entitled to assume the defense
thereof (jointly with any other indemnifying party similarly notified) with
counsel reasonably satisfactory to such indemnified party (who shall not, except
with the consent of the indemnified party, be counsel to the indemnifying
party), and after notice from the indemnifying party to such indemnified party
of its election to so assume the defense thereof, the indemnifying party shall
not be liable to such indemnified party for any expenses subsequently incurred
in connection with the defense thereof other than reasonable costs of
investigation. In any such proceeding, any indemnified party shall have the
right to retain its own counsel, but the fees and expenses of such counsel shall
be at the expense of such indemnified party unless (i) the indemnifying party
and the indemnified party shall have agreed to the retention of such counsel,
(ii) the named parties to any such proceeding (including any impleaded parties)
include both the indemnifying party and the indemnified party and representation
of both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them or (iii) the indemnifying party fails
within a reasonable period of time to designate counsel that is reasonably
satisfactory to the indemnified party. In no event shall the indemnifying
parties be liable for fees and expenses of more than one counsel (in addition to
any local counsel) in any one jurisdiction separate from their own counsel for
all indemnified parties in connection with any one action or separate but
similar or related actions in the same jurisdiction arising out of the same
general allegations or circumstances. An indemnifying party shall not be liable
for any settlement of any proceeding effected without its written consent.
However, if settled with such consent, the indemnifying party shall indemnify
the indemnified party from and against any loss or liability by reason of such
settlement to the extent that the indemnifying party is otherwise required to do
so under this Agreement. If an indemnifying party assumes the defense of any
proceeding, it shall be entitled to settle such proceeding with the consent of
the indemnified party (which consent shall not be unreasonably withheld) or, if
such settlement (i) provides for an unconditional release of the indemnified
party in connection with all matters relating to the proceeding that have been
asserted against the indemnified party in such proceeding by the other parties
to such settlement and (ii) does not require an admission of fault by the
indemnified party, without the consent of the indemnified party.

            Section 12.15 Amendments

            Nothing contained in this Article XII shall be construed to require
any party to this Agreement other than the Depositor, or any of such party's
officers, to execute any Form 10-K. The failure of any party to this Agreement
other than the Depositor, or any of such party's officers, to execute any Form
10-K shall not be regarded as a breach by such party of any of its obligations
under this Agreement. This Article XII may be amended by the parties hereto
pursuant to Section 12.01 for purposes of complying with Regulation AB and/or to
conform to standards developed within the commercial mortgage backed securities
market, without any Opinions of Counsel, Officer's Certificates, Rating Agency
Confirmations or the consent of any Certificateholder, notwithstanding anything
to the contrary contained in this Agreement, provided however, no such amendment
shall modify the obligations of Master Servicer or Special Servicer under
Section 11.09(c) hereunder, provided, further, that certificates and reports (or
substantially similar certificates and reports) required to be delivered
pursuant to Section 12.11, Section 12.12 and Section 12.13 will continue to be
required regardless of any such amendment to this Agreement.

            Section 12.16 Exchange Act Report Signatures; Delivery of Notices;
                          Interpretation of Grace Periods

            (a) Each Form 8-K report, Form 10-D report and Form 10-K report
shall be signed by the Depositor in accordance with this Agreement and any other
procedures to be agreed upon by the Depositor and the Trustee. The signing party
at the Depositor can be contacted at Credit Suisse First Boston Mortgage
Securities Corp. at 11 Madison Avenue, New York, New York 10010, Attention:
Jeffrey Altabef, with a copy to Casey McCutcheon, Esq. and the signing party at
the Trustee, if applicable, can be contacted at Wells Fargo Bank, N.A., 9062 Old
Annapolis Road, Columbia, Maryland 21045, Attention: Corporate Trust Services
(CMBS) Credit Suisse First Boston Mortgage Securities Corp. 2007-C1.

            (b) Notwithstanding anything in Section 10.05 to the contrary, any
notice required to be delivered to the Depositor under this Article XII shall be
properly given if sent by facsimile to (212) 743-5227 Attention: Jeffrey Altabef
(or such other number as the Depositor may instruct) and by email to
jeffrey.altabef@credit-suisse.com (or such other email address as the Depositor
may instruct).

            (c) For the avoidance of doubt:

            (i) No Master Servicer or Special Servicer shall be subject to an
      Event of Default, as applicable, pursuant to Section 7.01(a)(xiii) of this
      Agreement nor shall any such party be deemed to not be in compliance under
      this Agreement, prior to the date which causes Trustee to be delinquent in
      any filing obligation provided for under this Article XII, provided, that
      if any such party fails to comply with the delivery requirements of this
      Article XII which prevents the Trustee from making any required filing,
      such failure shall constitute an Event of Default; and

            (ii) No Master Servicer or Special Servicer shall be subject to an
      Event of Default, pursuant to pursuant to Section 7.01(a)(xiii) of this
      Agreement nor shall any such party be deemed to not be in compliance under
      this Agreement, for failing to deliver any item required under this
      Article XII by the time required hereunder with respect to any reporting
      period for which the Trust is not required to file Exchange Act reports
      (which reporting periods will include any occurring after the Trustee
      files the Form 15 relating to the automatic suspension of reporting in
      respect of the Trust under the Exchange Act).

            Section 12.17 Termination of the Trustee

            Notwithstanding anything to the contrary contained in this
Agreement, the Depositor may immediately terminate the Trustee if the Trustee
fails to comply with any of its obligations under this Article XII; provided
that (a) such termination shall not be effective until a successor trustee shall
have accepted the appointment, (b) the Trustee may not be terminated if it
cannot perform its obligations due to its failure to properly prepare, arrange
for execution or file on a timely basis any Form 8-K, Form 10-K or Form 10-D or
any amendments to such forms, any Form 15 or any Form 12b-25 where such failure
results from the Trustee's inability or failure to receive, within the exact
time frames set forth in this Agreement any information, approval, direction or
signature from any other party hereto needed to prepare, arrange for execution
or timely file any such Form 8-K, Form 10-K or Form 10-D or any amendments to
such forms or any form 12b-25 not resulting from its own negligence, bad faith
or willful misconduct, (c) the Trustee may not be terminated if, following the
Trustee's failure (which failure is not directly or indirectly caused by the
failure of any other party hereto to perform its obligations fully within the
exact applicable timeframe or otherwise by such party's negligence, bad faith or
willful misconduct) to comply with any of such obligations under Sections 12.06,
12.07, 12.09, 12.11, 12.12 or 12.13 on or prior to the dates by which such
obligations are to be performed pursuant to, and as set forth in, such Sections
the Trustee subsequently complies with such obligations before the Depositor
gives written notice to it that it is terminated in accordance with this Section
12.17 and (d) if the Trustee's failure (which failure is not directly or
indirectly caused by the failure of any other party hereto to perform its
obligations fully within the exact applicable timeframe or otherwise by such
party's negligence, bad faith or willful misconduct) to comply does not cause it
to fail in its obligations to timely file the related Form 8-K, Form 10-D or
Form 10-K, as the case may be, by the related deadline for filing such Form 8-K,
Form 10-D or Form 10-K, then the Depositor shall cease to have the right to
terminate the Trustee under this Section 12.17 on the date on which such Form
8-K, Form 10-D or Form 10-K is so filed.

<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 A. Altabef
                                           Title: Vice President

                                       CAPMARK FINANCE INC.
                                          Master Servicer

                                       By: /s/ Mark E. McCool
                                           ----------------------------
                                           Name: Mark E. McCool
                                           Title: Senior Vice
                                           President, Managing Director

                                       MIDLAND LOAN SERVICES, INC.
                                          Special Servicer

                                       By: /s/ Lawrence D. Ashley
                                           ----------------------------
                                           Name: Lawrence D. Ashley
                                           Title: Senior Vice President

                                       WELLS FARGO BANK, N.A.
                                          solely in its capacity as
                                       Trustee

                                       By: /s/ Amy Mofsenson
                                           ----------------------------
                                           Name: Amy Mofsenson
                                           Title: Vice President

<PAGE>

STATE OF NEW YORK       )
                        )  ss.:
COUNTY OF NEW YORK      )

            On the 12th day of March 2007, before me, a notary public in and for
said State, personally appeared Jeffrey Altabef, personally known to me to be a
Vice President of CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., one of
the entities that executed the within instrument, and also known to me to be the
person who executed it on behalf of such entity, and acknowledged to me that
such entity 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/ Helen Salas
                                           ----------------------------
                                                  Notary Public

[Notarial Seal]

<PAGE>

STATE OF PENNSYLVANIA   )
                        )  ss.:
COUNTY OF MONTGOMERY    )

            On the 12th day of March 2007, before me, a notary public in and for
said State, personally appeared Mark E. McCool, personally known to me to be a
Senior Vice President and Managing Director of CAPMARK FINANCE INC., one of the
entities that executed the within instrument, and also known to me to be the
person who executed it on behalf of such entity, and acknowledged to me that
such entity 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/ Catherine M.  Millspaugh
                                           ----------------------------
                                                  Notary Public

[Notarial Seal]

<PAGE>

STATE OF KANSAS         )
                        )  ss.:
COUNTY OF JOHNSON       )

            On the 15th day of March 2007, before me, a notary public in and for
said State, personally appeared Lawrence D. Ashley, personally known to me to be
a Senior Vice President of MIDLAND LOAN SERVICES, INC., one of the entities that
executed the within instrument, and also known to me to be the person who
executed it on behalf of such entity, and acknowledged to me that such entity
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

[Notarial Seal]

<PAGE>

STATE OF NEW YORK       )
                        )  ss.:
COUNTY OF NEW YORK      )

            On the 12th day of March 2007, before me, a notary public in and for
said State, personally appeared Amy Mofsenson, personally known to me to be a
Vice President of WELLS FARGO BANK, N.A., one of the entities that executed the
within instrument, and also known to me to be the person who executed it on
behalf of such entity, and acknowledged to me that such entity 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/ Janet M. Jolley
                                           ----------------------------
                                                  Notary Public

[Notarial Seal]

<PAGE>

                                   EXHIBIT A-1

                  FORM OF CLASS A-X AND CLASS A-SP CERTIFICATES

        CLASS [A-X] [A-SP] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2007-C1

This is one of a series of commercial mortgage pass-through certificates
(collectively, the "Certificates"), issued in multiple classes (each, a
"Class"), which series of Certificates evidences the entire beneficial ownership
interest in a trust fund (the "Trust Fund") consisting primarily of a pool of
multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool
being formed and sold by:

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Pass-Through Rate: Variable             Class Notional Amount of the Class [A-X]
                                        [A-SP] Certificates as of the Closing
                                        Date: $___________

Closing Date: March 16, 2007            Initial Certificate Notional Amount of
                                        this Certificate as of the Closing Date:
                                        $[___]

First Distribution Date:                Aggregate Cut-off Date Principal Balance
April 16, 2007                          of the Mortgage Loans as of the Closing
                                        Date ("Initial Pool Balance"):
                                        $3,371,478,040

Master Servicer:                        Trustee:
Capmark Finance Inc.                    Wells Fargo Bank, N.A.

Special Servicer:
Midland Loan Services, Inc.

Certificate No. [A-X] [A-SP] __         CUSIP No.: _____________
                                        Common Code: ___________
                                        ISIN No.: ______________

<PAGE>

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ANY
AGENT THEREOF 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 NEXT THREE PARAGRAPHS ARE FOR CLASS A-X ONLY: THIS CERTIFICATE HAS NOT BEEN
REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE. ANY RESALE, PLEDGE,
TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE OR ANY INTEREST HEREIN WITHOUT
SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION WHICH DOES
NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH IS IN ACCORDANCE WITH
THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED
TO HEREIN.

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.

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.
A TRANSFEREE 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.]

NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY
RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO
SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR (B) ANY
PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH
INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH
ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

[FOR CLASS A-X ONLY: THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN
INTEREST HAS NOT BEEN REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT
COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT"). ACCORDINGLY,
THIS CERTIFICATE MAY NOT BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT TO
(1) A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE
SECURITIES ACT (A "QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR
WITHIN THE MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a) OF
REGULATION D UNDER THE SECURITIES ACT OR AN ENTITY IN WHICH ALL THE EQUITY
OWNERS ARE DESCRIBED BY SUCH PARAGRAPHS (AN "INSTITUTIONAL ACCREDITED
INVESTOR").]

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., WELLS FARGO BANK, N.A., CAPMARK
FINANCE INC., MIDLAND LOAN SERVICES, INC. OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR ANY OF THE UNDERLYING MORTGAGE LOANS IS GUARANTEED
BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" (A "REMIC") AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE.

THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN
THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL
BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.

[FOR CLASS A-X REGULATION S GLOBAL CERTIFICATES: PRIOR TO THE DATE THAT IS 40
DAYS AFTER THE LATER OF (A) THE COMMENCEMENT OF THE OFFERING TO PERSONS OTHER
THAN DISTRIBUTORS IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND (B) THE DATE OF CLOSING OF THE OFFERING, 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. NO BENEFICIAL OWNERS OF THIS CERTIFICATE
SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE
REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING
AND SERVICING AGREEMENT REFERRED TO HEREIN.]

            This certifies that [CEDE & CO.] is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
notional amount of this Certificate (its "Certificate Notional Amount") as of
the Closing Date by the aggregate notional amount of all the Class [A-X] [A-SP]
Certificates (their "Class Notional Amount") as of the Closing Date) in that
certain beneficial ownership interest in the Trust Fund evidenced by all the
Class [A-X] [A-SP] Certificates. The Trust Fund was created and the Certificates
were issued pursuant to a Pooling and Servicing Agreement, dated as of March 1,
2007 (the "Agreement"), among Credit Suisse First Boston Mortgage Securities
Corp., as depositor (the "Depositor," which term includes any successors in
interest under the Agreement), Capmark Finance, Inc., as master servicer (the
"Master Servicer," which term includes any successors in interest under the
Agreement), Midland Loan Services Inc., as special servicer (the "Special
Servicer," which term includes any successors in interest under the Agreement),
and Wells Fargo Bank, N.A., as trustee (the "Trustee," which term includes any
successors interest under the Agreement), a summary of certain of the pertinent
provisions of which is set forth hereafter. To the extent not defined herein,
capitalized terms used herein have the respective meanings assigned thereto in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of its acceptance hereof assents and by which such
Holder is bound.

            Pursuant to the terms of the Agreement, beginning on the First
Distribution Date specified above, distributions will be made on that date (the
"Distribution Date") each month that is the fourth Business Day following the
Determination Date in such month, to the Person in whose name this Certificate
is registered at the close of business on the last Business Day of the month
immediately preceding the month of such distribution (the "Record Date"), in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to all the Holders of the
Class [A-X] [A-SP] Certificates on the applicable Distribution Date pursuant to
the Agreement. All distributions made under the Agreement on this Certificate
will be made by the Trustee by wire transfer of immediately available funds to
the account of the Person entitled thereto at a bank or other entity having
appropriate facilities therefor, if such Certificateholder shall have provided
the Trustee with wiring instructions no later than the related Record Date
(which wiring instructions may be in the form of a standing order applicable to
all subsequent distributions), or otherwise by check mailed to the address of
such Certificateholder as it appears in the Certificate Register.
Notwithstanding the foregoing, the final distribution on this Certificate will
be made in like manner, but only upon presentation and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to the Holder hereof of such final distribution.

            The Certificates are limited in right of distribution to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Distribution Account, the Collection Account
and, if established, the REO Account may be made from time to time for purposes
other than, and, in certain cases, prior to, distributions to
Certificateholders, such purposes including the reimbursement of advances made,
or certain expenses incurred, with respect to the Mortgage Loans and the payment
of interest on such advances and expenses.

            This Certificate is issuable in fully registered form only without
coupons. As provided in the Agreement and subject to certain limitations therein
set forth, this Certificate is exchangeable for new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest, as requested by the Holder surrendering the same.

            [THE NEXT EIGHT PARAGRAPHS ARE FOR CLASS A-X ONLY: No transfer,
sale, pledge or other disposition of this Certificate or any interest herein
shall be made unless that transfer, sale, pledge or other disposition is exempt
from the registration and/or qualification requirements of the Securities Act
and any applicable state securities laws, or is otherwise made in accordance
with the Securities Act and such state securities laws. If a transfer of this
Certificate is to be made without registration under the Securities Act (other
than in connection with the initial issuance of the Certificates or a transfer
of this Certificate by the Depositor or any Affiliate of the Depositor), then
the Certificate Registrar shall refuse to register such transfer unless it
receives (and, upon receipt, may conclusively rely upon) either: (i) a
certificate from the Certificateholder desiring to effect such transfer
substantially in the form attached as Exhibit F-1A to the Agreement; or (ii) a
certificate from the Certificateholder desiring to effect such transfer
substantially in the form attached as Exhibit F-1B to the Agreement and a
certificate from such Certificateholder's prospective Transferee substantially
in the form attached either as Exhibit F-2A or as Exhibit F-2B to the Agreement;
or (iii) an Opinion of Counsel satisfactory to the Certificate Registrar to the
effect that such transfer may be made without registration under the Securities
Act (which Opinion of Counsel shall not be an expense of the Trust or of the
Depositor, the Master Servicer, the Special Servicer, the Trustee or the
Certificate Registrar in their respective capacities as such), together with the
written certification(s) as to the facts surrounding such transfer from the
Certificateholder desiring to effect such transfer and/or such
Certificateholder's prospective Transferee on which such Opinion of Counsel is
based.

            If this Certificate constitutes a Rule 144A Global Certificate and a
transfer of any interest in this Certificate is to be made without registration
under the Securities Act (other than in connection with the initial issuance of
the Book-Entry Certificates or a transfer of any interest therein by the
Depositor, Credit Suisse Securities (USA) LLC ("Credit Suisse") or any of their
respective Affiliates), then the Certificate Owner desiring to effect such
transfer shall be required to obtain either (i) a certificate from such
Certificate Owner's prospective Transferee substantially in the form attached as
Exhibit F-2C to the Agreement, or (ii) an Opinion of Counsel to the effect that
the prospective Transferee is a Qualified Institutional Buyer and such transfer
may be made without registration under the Securities Act. Any interest in a
Rule 144A Global Certificate shall not be transferred to any Person other than a
Qualified Institutional Buyer that takes delivery in the form of an interest in
such Rule 144A Global Certificate.

            Notwithstanding the preceding paragraph, if this Certificate
constitutes a Rule 144A Global Certificate, then interest herein may be
transferred (without delivery of any certificate or Opinion of Counsel described
in the preceding paragraph) by the Depositor or any Affiliate of the Depositor
to any Person who takes delivery in the form of a beneficial interest in the
Regulation S Global Certificate of the same Class as the Rule 144A Global
Certificate, as the case may be, upon delivery to the Certificate Registrar and
the Trustee of (x) a certificate from the Certificate Owner desiring to effect
such transfer substantially in the form attached as Exhibit F-1D to the
Agreement and a certificate from such Certificate Owner's prospective Transferee
substantially in the form attached hereto as Exhibit F-2D to the Agreement and
(y) such written orders and instructions as are required under the applicable
procedures of DTC, Clearstream and/or Euroclear to direct the Trustee to debit
the account of a Depository Participant by a denomination of interests in the
related Rule 144A Global Certificate, and credit the account of a Depository
Participant by a denomination of interests in the related Regulation S Global
Certificate, that is equal to the denomination of beneficial interests in such
Class to be transferred. Upon delivery to the Certificate Registrar of such
certifications, orders and instructions, the Trustee, subject to and in
accordance with the applicable procedures of DTC, shall reduce the denomination
of the related Rule 144A Global Certificate, and increase the denomination of
the related Regulation S Global Certificate, by the denomination of the
beneficial interest in such Class specified in such orders and instructions.

            Except, as discussed below, if this Certificate constitutes a
Regulation S Global Certificate, then beneficial interests in this Certificate
shall not be transferred to any Person other than a non-United States Securities
Person that takes delivery in the form of a beneficial interest in this
Certificate, and the Certificate Owner desiring to effect such transfer shall be
required to obtain from such Certificate Owner's prospective Transferee a
certification substantially in the form attached as Exhibit F-2D to the
Agreement. On or prior to the Release Date, beneficial interests in any
Regulation S Global Certificate may be held only through Euroclear or
Clearstream. After the Release Date, beneficial interests in any Regulation S
Global Certificate may be held through Euroclear, Clearstream or any other
direct account holder at DTC.

            Notwithstanding the preceding paragraph, if this Certificate
constitutes a Regulation S Global Certificate, then interests in this
Certificate may be transferred (without delivery of any certificate described in
the preceding paragraph) to any Person who takes delivery in the form of a
beneficial interest in the Rule 144A Global Certificate for the same Class as
this Regulation S Global Certificate upon delivery to the Certificate Registrar
and the Trustee of (i) a certificate from the Certificate Owner desiring to
effect such transfer substantially in the form attached as Exhibit F-1C to the
Agreement and a certificate from such Certificate Owner's prospective Transferee
substantially in the form attached as Exhibit F-2C to the Agreement and (ii)
such written orders and instructions as are required under the applicable
procedures of the Depository, Clearstream and/or Euroclear to direct the Trustee
to debit the account of a Depository Participant by a denomination of interests
in this Regulation S Global Certificate, and credit the account of a Depository
Participant by a denomination of interests in the related Rule 144A Global
Certificate, that is equal to the denomination of beneficial interests to be
transferred. Upon delivery to the Trustee of such certifications and such orders
and instructions, the Trustee, subject to and in accordance with the applicable
procedures of the Depository, shall reduce the denomination of this Regulation S
Global Certificate, and increase the denomination of the related Rule 144A
Global Certificate, by the denomination of the beneficial interest in the
subject Class specified in such orders and instructions.

            Notwithstanding the foregoing, any interest in a Global Certificate
may be transferred by any Certificate Owner holding such interest to any Person
who takes delivery in the form of a Definitive Certificate of the same Class as
such Global Certificate upon delivery to the Certificate Registrar and the
Trustee of (i) such certifications and/or opinions as are contemplated above
with respect to transfers of this Certificate in definitive form and (ii) such
written orders and instructions as are required under the applicable procedures
of the Depository, Clearstream and/or Euroclear to direct the Trustee to debit
the account of a Depository Participant by a denomination of interests in such
Global Certificate. Upon delivery to the Certificate Registrar of the
certifications and/or opinions contemplated above with respect to transfers of
this Certificate in definitive form, the Trustee, subject to and in accordance
with the applicable procedures of the Depository, shall reduce the denomination
of the subject Global Certificate, and cause a Definitive Certificate of the
same Class as such Global Certificate, and in a denomination equal to the
reduction in the denomination of such Global Certificate, to be executed,
authenticated and delivered in accordance with this Agreement to the applicable
Transferee.

            The Global Certificates shall be deposited with the Trustee as
custodian for DTC and registered in the name of Cede & Co. as nominee of DTC.

            None of the Depositor, the Trustee or the Certificate Registrar is
obligated to register or qualify the Class A-X Certificates under the Securities
Act or any other securities law or to take any action not otherwise required
under the Agreement to permit the transfer of this Certificate or any interest
herein without registration or qualification. Any Certificateholder or
Certificate Owner desiring to effect a transfer of this Certificate or any
interest herein shall, and does hereby agree to, indemnify the Depositor, Credit
Suisse, the Trustee, 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 or
the provisions described in the preceding paragraphs.]

            No transfer of this Certificate or any interest herein shall be made
(A) to any retirement plan or other employee benefit plan or arrangement,
including individual retirement accounts and annuities, Keogh plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested, including insurance company general accounts, that
is subject to Title I of ERISA or Section 4975 of the Code or any federal, state
or local law materially similar to the provisions of Title I of ERISA or Section
4975 of the Code (a "Similar Law") (each such retirement plan or other employee
benefit plan or arrangement, a "Plan"), or (B) to any Person who is directly or
indirectly purchasing this Certificate or any interest herein on behalf of, as
named fiduciary of, as trustee of, or with assets of a Plan or a governmental
plan subject to Similar Law, if the purchase and holding of this Certificate or
such interest herein by the prospective Transferee would result in a violation
of Section 406 or 407 of ERISA or Section 4975 of the Code or would result in
the imposition of an excise tax under Section 4975 of the Code (or, in the case
of a governmental plan subject to Similar Law, would result in a violation of,
or result in the imposition of an excise tax under, applicable Similar Law).
Except in limited circumstances, the Certificate Registrar shall refuse to
register the transfer of this Certificate (and, if applicable, any Certificate
Owner shall refuse to transfer an interest in this Certificate), unless it has
received from the prospective Transferee any of the following: (i) a
certification to the effect that such prospective Transferee is not a Plan and
is not directly or indirectly purchasing this Certificate on behalf of, as named
fiduciary of, as trustee of, or with assets of a Plan or a governmental plan
subject to Similar Law; or (ii) a certification to the effect that the purchase
and holding of this Certificate by such prospective Transferee is exempt from
the prohibited transaction provisions of Sections 406 and 407 of ERISA and
Section 4975 of the Code by reason of Sections I and III of Prohibited
Transaction Class Exemption 95-60 (or, in the case of a governmental plan
subject to Similar Law, a comparable exemption under such Similar Law); or (iii)
if this Certificate is rated investment grade by at least one of the Rating
Agencies and is being acquired by, on behalf of or with assets of a Plan in
reliance upon Prohibited Transaction Exemption 89-90 (or, in the case of a
governmental plan subject to Similar Law, a comparable exemption under such
Similar Law), a certification to the effect that such Plan (X) is an accredited
investor as defined in Rule 501(a)(1) of Regulation D of the Securities Act, (Y)
is not sponsored (within the meaning of Section 3(16)(B) of ERISA) by the
Trustee, the Depositor, any Mortgage Loan Seller, any Exemption-Favored Party,
the Master Servicer, the Special Servicer, any Primary Servicer, any
Sub-Servicer, the Swap Counterparty or any Borrower with respect to Mortgage
Loans constituting more than 5% of the aggregate unamortized principal of all
the Mortgage Loans determined as of the Closing Date, or by an Affiliate of any
such Person, and (Z) agrees that it will obtain from each of its Transferees a
written representation that such Transferee, if a Plan, satisfies the
requirements of the immediately preceding clauses (iii)(X), and (iii)(Y),
together with a written agreement that such Transferee will obtain from each of
its Transferees that are Plans a similar written representation regarding
satisfaction of the requirements of the immediately preceding clauses (iii)(X),
and (iii)(Y); or (iv) in the case of a governmental plan subject to Similar Law,
a certification that the purchase and holding of such Certificate by the
governmental plan would not result in a violation of, or the imposition of tax
under, such Similar Law; or (v) a certification of facts and an Opinion of
Counsel which otherwise establish to the reasonable satisfaction of the
Certificate Registrar (or, if applicable, the Certificate Owner effecting the
transfer) that such transfer will not result in a violation of Section 406 or
407 of ERISA or Section 4975 of the Code or result in the imposition of an
excise tax under Section 4975 of the Code (or, in the case of a governmental
plan subject to Similar Law, will not result in a violation of, or result in the
imposition of an excise tax under, applicable Similar Law). It is hereby
acknowledged that the forms of certification attached to the Agreement as
Exhibit G-1 (in the case of Definitive Certificates), and Exhibit G-2 (in the
case of ownership interests in Book-Entry Certificates) are acceptable for
purposes of the preceding sentence.

            [FOR CLASS A-X ONLY: If a Person is acquiring this Certificate as a
fiduciary or agent for one or more accounts, such Person shall be required to
deliver to the Certificate Registrar a certification to the effect that, and
such other evidence as may be reasonably required by the Trustee to confirm
that, it has (i) sole investment discretion with respect to each such account
and (ii) full power to make the acknowledgments, representations, warranties,
certifications and/or agreements with respect to each such account as described
above in this Certificate.]

            As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar, duly endorsed by, or
accompanied by a written instrument of transfer in the form satisfactory to the
Certificate Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.

            No service charge will be imposed for any registration of transfer
or exchange of this Certificate, but the Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any transfer or exchange of this
Certificate.

            Notwithstanding the foregoing, for so long as this Certificate is
registered in the name of Cede & Co. or in such other name as is requested by an
authorized representative of DTC, transfers of interests in this Certificate
shall be made through the book-entry facilities of DTC, and accordingly, this
Certificate shall constitute a Book-Entry Certificate.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee or the Certificate Registrar may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Certificate Registrar or any such agent shall
be affected by notice to the contrary.

            Subject to certain terms and conditions set forth in the Agreement,
the Trust Fund and the obligations created by the Agreement shall terminate upon
distribution (or provision for distribution) to the Certificateholders of all
amounts held by or on behalf of the Trustee and required to be distributed to
them pursuant to the Agreement following the earlier of (i) the final payment or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in the Trust Fund, (ii) the purchase by any
single Controlling Class Certificateholder or group of Controlling Class
Certificateholders with a majority interest in the Controlling Class, the Master
Servicer or the Special Servicer, in that order of preference, at a price
determined as provided in the Agreement, of all the Mortgage Loans and each REO
Property remaining in the Trust Fund and (iii) the acquisition by the Sole
Certificateholder(s) of all the Mortgage Loans and each REO Property remaining
in the Trust Fund in exchange for all of the Certificates. The Agreement
permits, but does not require any single Controlling Class Certificateholder or
group of Controlling Class Certificateholders with a majority interest in the
Controlling Class, the Master Servicer or the Special Servicer to purchase from
the Trust Fund all the Mortgage Loans and each REO Property remaining therein.
The exercise of such right may effect early retirement of the Certificates;
however, such right to purchase is subject to the aggregate Stated Principal
Balance of the Mortgage Pool at the time of purchase being less than 1.0% of the
Initial Pool Balance.

            The 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 and the Trustee and the
rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Special Servicer and the Trustee with the
consent of the Holders of Certificates entitled to not less than 51% of the
Voting Rights allocated to all of the Classes materially affected by the
amendment. 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 Agreement also permits the amendment thereof, in
certain limited circumstances, including any amendment necessary to maintain the
status of each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC,
without the consent of the Holders of any of the Certificates.

            Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

            The registered Holder hereof, by its acceptance hereof, agrees that
it will look solely to the Trust Fund (to the extent of its rights therein) for
distributions hereunder.

            This Certificate shall be construed in accordance with the laws of
the State of New York applicable to agreements negotiated, made and to be
performed entirely in said State, and the obligations, rights and remedies of
the Holder hereof shall be determined in accordance with such laws.

<PAGE>

            IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Authorized Representative

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Class [A-X] [A-SP] Certificates referred to
in the within-mentioned Agreement.

Dated:        March 16, 2007

                                        WELLS FARGO BANK, N.A.
                                            as Certificate Registrar

                                        By: ____________________________________
                                            Authorized Representative

<PAGE>

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s), and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(please print or typewrite name and address including postal zip code of
assignee)

the beneficial ownership interest in the Trust Fund evidenced by the within
Mortgage Pass-Through Certificate and hereby authorize(s) the registration of
transfer of such interest to assignee on the Certificate Register of the Trust
Fund.

            I (we) further direct the Certificate Registrar to issue a new
Mortgage Pass-Through Certificate of a like Percentage Interest and Class to the
above named assignee and deliver such Mortgage Pass-Through Certificate to the
following address:______________________________________________________________
________________________________________________________________________________

Dated:

                                        ________________________________________
                                        Signature by or on behalf of Assignor

                                        ________________________________________
                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

            The Assignee should include the following for purposes of
distribution:

            Distributions shall, if permitted, be made by wire transfer or
otherwise, in immediately available funds, to __________________________________
_________________________ for the account of ___________________________________
____________________________________________________________.

            Distributions made by check (such check to be made payable to
___________________________), and all applicable statements and notices should
be mailed to ___________________________________________________________________
_______________________________________________.

            This information is provided by ___________________________________,
the Assignee named above, or __________________________________________________,
as its agent.

<PAGE>

                                   EXHIBIT A-2

    FORM OF CLASS A-1, CLASS A-2, CLASS A-AB, CLASS A-3 CLASS A-1-A, CLASS A-
                          M AND CLASS A-J CERTIFICATES

  CLASS [A-1] [A-2] [A-AB] [A-3] [A-1-A] [A-M] [A-J] COMMERCIAL MORTGAGE PASS-
                      THROUGH CERTIFICATE, SERIES 2007-C1

This is one of a series of commercial mortgage pass-through certificates
(collectively, the "Certificates"), issued in multiple classes (each, a
"Class"), which series of Certificates evidences the entire beneficial ownership
interest in a trust fund (the "Trust Fund") consisting primarily of a pool of
multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool
being formed and sold by

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Pass-Through Rate: ___% per             Class Principal Balance of the Class
annum                                   [A_1] [A_2] [A_AB] [A_3] [A_1_A] [A_M]
                                        [A_J] Certificates as of the Closing
                                        Date: $__________

Closing Date: March 16, 2007            Initial Certificate Principal Balance of
                                        this Certificate as of the Closing Date:
                                        $__________

First Distribution Date:                Aggregate Cut-off Date Principal Balance
April 16, 2007                          of the Mortgage Loans as of the Closing
                                        Date ("Initial Pool Balance"):
                                        $3,371,478,040

Master Servicer:                        Trustee:
Capmark Finance Inc.                    Wells Fargo Bank, N.A.

Special Servicer:
Midland Loan Services, Inc.

Certificate No. [A-1] [A-2] [A-AB]      CUSIP No.: ______________
[A-3] [A-1-A] [A-M] [A-J] -___          Common Code: ____________
                                        ISIN No.: _______________

<PAGE>

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ANY
AGENT THEREOF 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.

NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY
RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO
SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR (B) ANY
PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH
INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH
ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., WELLS FARGO BANK, N.A., CAPMARK
FINANCE INC., MIDLAND LOAN SERVICES, INC. OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR ANY OF THE UNDERLYING MORTGAGE LOANS IS GUARANTEED
BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" (A "REMIC") AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE.

[FOR CLASS A-M AND CLASS A-J CERTIFICATES: THIS CERTIFICATE IS SUBORDINATE TO
ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS
THAN THE AMOUNT SHOWN ABOVE.

            This certifies that [CEDE & CO.] is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
principal amount of this Certificate (its "Certificate Principal Balance") as of
the Closing Date by the aggregate principal amount of all the Class [A-1] [A-2]
[A-AB] [A-3] [A-1-A] [A-M] [A-J] Certificates (their "Class Principal Balance")
as of the Closing Date) in that certain beneficial ownership interest in the
Trust Fund evidenced by all the Class [A-1] [A-2] [A-AB] [A-3] [A-1-A] [A-M]
[A-J] Certificates. The Trust Fund was created and the Certificates were issued
pursuant to a Pooling and Servicing Agreement, dated as of March 1, 2007 (the
"Agreement"), among Credit Suisse First Boston Mortgage Securities Corp., as
depositor (the "Depositor," which term includes any successors in interest under
the Agreement), Capmark Finance Inc., as master servicer (the "Master Servicer,"
which term includes any successors in interest under the Agreement), Midland
Loan Services, Inc., as special servicer (the "Special Servicer," which term
includes any successors in interest under the Agreement), and Wells Fargo Bank,
N.A., as trustee (the "Trustee," which term includes any successors in interest
under the Agreement), a summary of certain of the pertinent provisions of which
is set forth hereafter. To the extent not defined herein, capitalized terms used
herein have the respective meanings assigned thereto in the Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of its acceptance hereof assents and by which such Holder is bound.

            Pursuant to the terms of the Agreement, beginning on the First
Distribution Date specified above, distributions will be made on that date (the
"Distribution Date") each month that is the fourth Business Day following the
Determination Date in such month, to the Person in whose name this Certificate
is registered at the close of business on the last Business Day of the month
immediately preceding the month of such distribution (the "Record Date"), in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to all the Holders of the
Class [A-1] [A-2] [A-AB] [A-3] [A-1-A] [A-M] [A-J] Certificates on the
applicable Distribution Date pursuant to the Agreement. All distributions made
under the Agreement on this Certificate will be made by the Trustee by wire
transfer of immediately available funds to the account of the Person entitled
thereto at a bank or other entity having appropriate facilities therefor, if
such Certificateholder shall have provided the Trustee with wiring instructions
no later than the related Record Date (which wiring instructions may be in the
form of a standing order applicable to all subsequent distributions), or
otherwise by check mailed to the address of such Certificateholder as it appears
in the Certificate Register. Notwithstanding the foregoing, the final
distribution on this Certificate (determined without regard to any possible
future reimbursement of any portion of a Realized Loss in respect of this
Certificate) will be made in like manner, but only upon presentation and
surrender of this Certificate at the offices of the Certificate Registrar or
such other location specified in the notice to the Holder hereof of such final
distribution.

            The Certificates are limited in right of distribution to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Distribution Account, the Collection Account
and, if established, the REO Account may be made from time to time for purposes
other than, and, in certain cases, prior to, distributions to
Certificateholders, such purposes including the reimbursement of advances made,
or certain expenses incurred, with respect to the Mortgage Loans and the payment
of interest on such advances and expenses.

            Any distribution to the Holder of this Certificate in reduction of
the Certificate Principal Balance hereof is binding on such Holder and all
future Holders of this Certificate and any Certificate issued upon the transfer
hereof or in exchange herefor or in lieu hereof whether or not notation of such
distribution is made upon this Certificate.

            This Certificate is issuable in fully registered form only without
coupons. As provided in the Agreement and subject to certain limitations therein
set forth, this Certificate is exchangeable for new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest, as requested by the Holder surrendering the same.

            No transfer of this Certificate or any interest herein shall be made
(A) to any retirement plan or other employee benefit plan or arrangement,
including individual retirement accounts and annuities, Keogh plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested, including insurance company general accounts, that
is subject to Title I of ERISA or Section 4975 of the Code or any federal, state
or local law materially similar to the provisions of Title I of ERISA or Section
4975 of the Code (a "Similar Law") (each such retirement plan or other employee
benefit plan or arrangement, a "Plan"), or (B) to any Person who is directly or
indirectly purchasing this Certificate or any interest herein on behalf of, as
named fiduciary of, as trustee of, or with assets of a Plan or a governmental
plan subject to Similar Law, if the purchase and holding of this Certificate or
such interest herein by the prospective Transferee would result in a violation
of Section 406 or 407 of ERISA or Section 4975 of the Code or would result in
the imposition of an excise tax under Section 4975 of the Code (or, in the case
of a governmental plan subject to Similar Law, would result in a violation of,
or result in the imposition of an excise tax under, applicable Similar Law).
Except in limited circumstances, the Certificate Registrar shall refuse to
register the transfer of this Certificate (and, if applicable, any Certificate
Owner shall refuse to transfer an interest in this Certificate), unless it has
received from the prospective Transferee any of the following: (i) a
certification to the effect that such prospective Transferee is not a Plan and
is not directly or indirectly purchasing this Certificate on behalf of, as named
fiduciary of, as trustee of, or with assets of a Plan or a governmental plan
subject to Similar Law; or (ii) a certification to the effect that the purchase
and holding of this Certificate by such prospective Transferee is exempt from
the prohibited transaction provisions of Sections 406 and 407 of ERISA and
Section 4975 of the Code by reason of Sections I and III of Prohibited
Transaction Class Exemption 95-60 (or, in the case of a governmental plan
subject to Similar Law, a comparable exemption under such Similar Law); or (iii)
if this Certificate is rated investment grade by at least one of the Rating
Agencies and is being acquired by, on behalf of or with assets of a Plan in
reliance upon Prohibited Transaction Exemption 89-90 (or, in the case of a
governmental plan subject to Similar Law, a comparable exemption under such
Similar Law), a certification to the effect that such Plan (X) is an accredited
investor as defined in Rule 501(a)(1) of Regulation D of the Securities Act, (Y)
is not sponsored (within the meaning of Section 3(16)(B) of ERISA) by the
Trustee, the Depositor, any Mortgage Loan Seller, any Exemption-Favored Party,
the Master Servicer, the Special Servicer, any Primary Servicer, any
Sub-Servicer, the Swap Counterparty or any Borrower with respect to Mortgage
Loans constituting more than 5% of the aggregate unamortized principal of all
the Mortgage Loans determined as of the Closing Date, or by an Affiliate of any
such Person, and (Z) agrees that it will obtain from each of its Transferees a
written representation that such Transferee, if a Plan, satisfies the
requirements of the immediately preceding clauses (iii)(X), and (iii)(Y),
together with a written agreement that such Transferee will obtain from each of
its Transferees that are Plans a similar written representation regarding
satisfaction of the requirements of the immediately preceding clauses (iii)(X),
and (iii)(Y); or (iv) in the case of a governmental plan subject to Similar Law,
a certification that the purchase and holding of such Certificate by the
governmental plan would not result in a violation of, or the imposition of tax
under, such Similar Law; or (v) a certification of facts and an Opinion of
Counsel which otherwise establish to the reasonable satisfaction of the
Certificate Registrar (or, if applicable, the Certificate Owner effecting the
transfer) that such transfer will not result in a violation of Section 406 or
407 of ERISA or Section 4975 of the Code or result in the imposition of an
excise tax under Section 4975 of the Code (or, in the case of a governmental
plan subject to Similar Law, will not result in a violation of, or result in the
imposition of an excise tax under, applicable Similar Law). It is hereby
acknowledged that the forms of certification attached to the Agreement as
Exhibit G-1 (in the case of Definitive Certificates), and Exhibit G-2 (in the
case of ownership interests in Book-Entry Certificates) are acceptable for
purposes of the preceding sentence.

            As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar, duly endorsed by, or
accompanied by a written instrument of transfer in the form satisfactory to the
Certificate Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.

            No service charge will be imposed for any registration of transfer
or exchange of this Certificate, but the Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any transfer or exchange of this
Certificate.

            Notwithstanding the foregoing, for so long as this Certificate is
registered in the name of Cede & Co. or in such other name as is requested by an
authorized representative of DTC, transfers of interests in this Certificate
shall be made through the book-entry facilities of DTC, and accordingly, this
Certificate shall constitute a Book-Entry Certificate.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee or the Certificate Registrar may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Certificate Registrar or any such agent shall
be affected by notice to the contrary.

            Subject to certain terms and conditions set forth in the Agreement,
the Trust Fund and the obligations created by the Agreement shall terminate upon
distribution (or provision for distribution) to the Certificateholders of all
amounts held by or on behalf of the Trustee and required to be distributed to
them pursuant to the Agreement following the earlier of (i) the final payment or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in the Trust Fund, (ii) the purchase by any
single Controlling Class Certificateholder or group of Controlling Class
Certificateholders with a majority interest in the Controlling Class, the Master
Servicer or the Special Servicer, in that order of preference, at a price
determined as provided in the Agreement, of all the Mortgage Loans and each REO
Property remaining in the Trust Fund and (iii) the acquisition by the Sole
Certificateholder(s) of all the Mortgage Loans and each REO Property remaining
in the Trust Fund in exchange for all of the Certificates. The Agreement
permits, but does not require any single Controlling Class Certificateholder or
group of Controlling Class Certificateholders with a majority interest in the
Controlling Class, the Master Servicer or the Special Servicer to purchase from
the Trust Fund all the Mortgage Loans and each REO Property remaining therein.
The exercise of such right may effect early retirement of the Certificates;
however, such right to purchase is subject to the aggregate Stated Principal
Balance of the Mortgage Pool at the time of purchase being less than 1.0% of the
Initial Pool Balance.

            The 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 and the Trustee and the
rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Special Servicer and the Trustee with the
consent of the Holders of Certificates entitled to not less than 51% of the
Voting Rights allocated to all of the Classes materially affected by the
amendment. 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 Agreement also permits the amendment thereof, in
certain limited circumstances, including any amendment necessary to maintain the
status of each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC,
without the consent of the Holders of any of the Certificates.

            Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

            The registered Holder hereof, by its acceptance hereof, agrees that
it will look solely to the Trust Fund (to the extent of its rights therein) for
distributions hereunder.

            This Certificate shall be construed in accordance with the laws of
the State of New York applicable to agreements negotiated, made and to be
performed entirely in said State, and the obligations, rights and remedies of
the Holder hereof shall be determined in accordance with such laws.

<PAGE>

            IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Authorized Representative

                          CERTIFICATE OF AUTHENTICATION

            This is one of the Class [A-1] [A-2] [A-AB] [A-3] [A-1-A] [A-M]
[A-J] Certificates referred to in the within-mentioned Agreement.

Dated:      March 16, 2007

                                        WELLS FARGO BANK, N.A.
                                            as Certificate Registrar

                                        By: ____________________________________
                                            Authorized Representative

<PAGE>

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s), and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(please print or typewrite name and address including postal zip code of
assignee)

the beneficial ownership interest in the Trust Fund evidenced by the within
Mortgage Pass-Through Certificate and hereby authorize(s) the registration of
transfer of such interest to assignee on the Certificate Register of the Trust
Fund.

            I (we) further direct the Certificate Registrar to issue a new
Mortgage Pass-Through Certificate of a like Percentage Interest and Class to the
above named assignee and deliver such Mortgage Pass-Through Certificate to the
following address:______________________________________________________________
________________________________________________________________________________

Dated:

                                        ________________________________________
                                        Signature by or on behalf of Assignor

                                        ________________________________________
                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

            The Assignee should include the following for purposes of
distribution:

            Distributions shall, if permitted, be made by wire transfer or
otherwise, in immediately available funds, to __________________________________
_________________________ for the account of ___________________________________
____________________________________________________________.

            Distributions made by check (such check to be made payable to
___________________________), and all applicable statements and notices should
be mailed to ___________________________________________________________________
_______________________________________________.

            This information is provided by ___________________________________,
the Assignee named above, or __________________________________________________,
as its agent.

<PAGE>

                                   EXHIBIT A-3

     FORM OF CLASS B, CLASS C, CLASS D, CLASS E, CLASS F, CLASS G, CLASS H,
    CLASS J, CLASS K, CLASS L, CLASS M, CLASS N, CLASS O, CLASS P, CLASS Q,
                        CLASS S AND CLASS TCERTIFICATES

      CLASS [B][C][D][E][F][G][H][J][K][L][M][N][O][P][Q][S][T] COMMERCIAL
               MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 2007-C1

This is one of a series of commercial mortgage pass-through certificates
(collectively, the "Certificates"), issued in multiple classes (each, a
"Class"), which series of Certificates evidences the entire beneficial ownership
interest in a trust fund (the "Trust Fund") consisting primarily of a pool of
multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool
being formed and sold by

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Pass_Through Rate: ____% per annum      Class Principal Balance of the Class [B]
                                        [C] [D] [E] [F] [G] [H] [J] [K] [L] [M]
                                        [N] [O] [P] [Q] [S] [T] Certificates as
                                        of the Closing Date: $__________

Closing Date: March 16, 2007            Initial Certificate Principal Balance of
                                        this Certificate as of the Closing Date:
                                        $__________

First Distribution Date:                Aggregate Cut-off Date Principal Balance
April 16, 2007                          of the Mortgage Loans as of the Closing
                                        Date ("Initial Pool Balance"):
                                        $3,371,478,040

Master Servicer:                        Trustee:
Capmark Finance Inc.                    Wells Fargo Bank, N.A.

Special Servicer:
Midland Loan Services, Inc.

Certificate No. [B][C][D][E][F][G][H]   CUSIP No.: ______________
[J][K][L][M][N][O][P][Q][S][T]          Common Code: ____________
                                        ISIN No.: _______________

<PAGE>

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ANY
AGENT THEREOF 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 CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE.
ANY RESALE, PLEDGE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE OR ANY
INTEREST HEREIN WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A
TRANSACTION WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH
IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.

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.

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.
A TRANSFEREE 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.

NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY
RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO
SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR (B) ANY
PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH
INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH
ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN INTEREST HAS NOT BEEN
REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT COMPANY ACT OF 1940,
AS AMENDED (THE "INVESTMENT COMPANY ACT"). ACCORDINGLY, THIS CERTIFICATE MAY NOT
BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT TO (1) A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A
"QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR WITHIN THE
MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a) OF REGULATION D UNDER
THE SECURITIES ACT OR AN ENTITY IN WHICH ALL THE EQUITY OWNERS ARE DESCRIBED BY
SUCH PARAGRAPHS (AN "INSTITUTIONAL ACCREDITED INVESTOR").

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., WELLS FARGO BANK, N.A., CAPMARK
FINANCE INC., MIDLAND LOAN SERVICES, INC. OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR ANY OF THE UNDERLYING MORTGAGE LOANS IS GUARANTEED
BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE
SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT REFERRED TO HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" (A "REMIC") AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE.

THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS
THAN THE AMOUNT SHOWN ABOVE.

[FOR REGULATION S GLOBAL CERTIFICATES: PRIOR TO THE DATE THAT IS 40 DAYS AFTER
THE LATER OF (A) THE COMMENCEMENT OF THE OFFERING TO PERSONS OTHER THAN
DISTRIBUTORS IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, AND (B) THE DATE OF CLOSING OF THE OFFERING, 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. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE
ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED
CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.]

            This certifies that [CEDE & CO.] is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
principal amount of this Certificate (its "Certificate Principal Balance") as of
the Closing Date by the aggregate principal amount of all the Class [B] [C] [D]
[E] [F] [G] [H] [J] [K] [L] [M] [N] [O] [P] [Q] [S] [T] Certificates (their
"Class Principal Balance") as of the Closing Date) in that certain beneficial
ownership interest in the Trust Fund evidenced by all the Class [B] [C] [D] [E]
[F] [G] [H] [J] [K] [L] [M] [N] [O] [P] [Q] [S] [T] Certificates. The Trust Fund
was created and the Certificates were issued pursuant to a Pooling and Servicing
Agreement, dated as of March 1, 2007 (the "Agreement"), among Credit Suisse
First Boston Mortgage Securities Corp., as depositor (the "Depositor," which
term includes any successors in interest under the Agreement), Capmark Finance
Inc., as master servicer (the "Master Servicer," which term includes any
successors in interest under the Agreement), Midland Loan Services, Inc., as
special servicer (the "Special Servicer," which term includes any successors in
interest under the Agreement), and Wells Fargo Bank, N.A., as trustee (the
"Trustee," which term includes any successors in interest under the Agreement),
a summary of certain of the pertinent provisions of which is set forth
hereafter. To the extent not defined herein, capitalized terms used herein have
the respective meanings assigned thereto in the Agreement. This Certificate is
issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of its
acceptance hereof assents and by which such Holder is bound.

            Pursuant to the terms of the Agreement, beginning on the First
Distribution Date specified above, distributions will be made on that date (the
"Distribution Date") each month that is the fourth Business Day following the
Determination Date in such month, to the Person in whose name this Certificate
is registered at the close of business on the last Business Day of the month
immediately preceding the month of such distribution (the "Record Date"), in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to all the Holders of the
Class [B] [C] [D] [E] [F] [G] [H] [J] [K] [L] [M] [N] [O] [P] [Q] [S] [T]
Certificates on the applicable Distribution Date pursuant to the Agreement. All
distributions made under the Agreement on this Certificate will be made by the
Trustee by wire transfer of immediately available funds to the account of the
Person entitled thereto at a bank or other entity having appropriate facilities
therefor, if such Certificateholder shall have provided the Trustee with wiring
instructions no later than the related Record Date (which wiring instructions
may be in the form of a standing order applicable to all subsequent
distributions), or otherwise by check mailed to the address of such
Certificateholder as it appears in the Certificate Register. Notwithstanding the
foregoing, the final distribution on this Certificate (determined without regard
to any possible future reimbursement of any portion of a Realized Loss in
respect of this Certificate) will be made in like manner, but only upon
presentation and surrender of this Certificate at the offices of the Certificate
Registrar or such other location specified in the notice to the Holder hereof of
such final distribution.

            The Certificates are limited in right of distribution to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Distribution Account, the Collection Account
and, if established, the REO Account may be made from time to time for purposes
other than, and, in certain cases, prior to, distributions to
Certificateholders, such purposes including the reimbursement of advances made,
or certain expenses incurred, with respect to the Mortgage Loans and the payment
of interest on such advances and expenses.

            Any distribution to the Holder of this Certificate in reduction of
the Certificate Principal Balance hereof is binding on such Holder and all
future Holders of this Certificate and any Certificate issued upon the transfer
hereof or in exchange herefor or in lieu hereof whether or not notation of such
distribution is made upon this Certificate.

            This Certificate is issuable in fully registered form only without
coupons. As provided in the Agreement and subject to certain limitations therein
set forth, this Certificate is exchangeable for new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest, as requested by the Holder surrendering the same.

            No transfer, sale, pledge or other disposition of this Certificate
or any interest herein shall be made unless that transfer, sale, pledge or other
disposition is exempt from the registration and/or qualification requirements of
the Securities Act and any applicable state securities laws, or is otherwise
made in accordance with the Securities Act and such state securities laws. If a
transfer of this Certificate is to be made without registration under the
Securities Act (other than in connection with the initial issuance of the
Certificates or a transfer of this Certificate by the Depositor or any Affiliate
of the Depositor), then the Certificate Registrar shall refuse to register such
transfer unless it receives (and, upon receipt, may conclusively rely upon)
either: (i) a certificate from the Certificateholder desiring to effect such
transfer substantially in the form attached as Exhibit F-1A to the Agreement; or
(ii) a certificate from the Certificateholder desiring to effect such transfer
substantially in the form attached as Exhibit F-1B to the Agreement and a
certificate from such Certificateholder's prospective Transferee substantially
in the form attached either as Exhibit F-2A or as Exhibit F-2B to the Agreement;
or (iii) an Opinion of Counsel satisfactory to the Certificate Registrar to the
effect that such transfer may be made without registration under the Securities
Act (which Opinion of Counsel shall not be an expense of the Trust or of the
Depositor, the Master Servicer, the Special Servicer, the Trustee, or the
Certificate Registrar in their respective capacities as such), together with the
written certification(s) as to the facts surrounding such transfer from the
Certificateholder desiring to effect such transfer and/or such
Certificateholder's prospective Transferee on which such Opinion of Counsel is
based.

            If this Certificate constitutes a Rule 144A Global Certificate and a
transfer of any interest in this Certificate is to be made without registration
under the Securities Act (other than in connection with the initial issuance of
the Book-Entry Certificates or a transfer of any interest therein by the
Depositor, Credit Suisse Securities (USA) LLC ("Credit Suisse") or any of their
respective Affiliates), then the Certificate Owner desiring to effect such
transfer shall be required to obtain either (i) a certificate from such
Certificate Owner's prospective Transferee substantially in the form attached as
Exhibit F-2C to the Agreement, or (ii) an Opinion of Counsel to the effect that
the prospective Transferee is a Qualified Institutional Buyer and such transfer
may be made without registration under the Securities Act. Any interest in a
Rule 144A Global Certificate shall not be transferred to any Person other than a
Qualified Institutional Buyer that takes delivery in the form of an interest in
such Rule 144A Global Certificate.

            Notwithstanding the preceding paragraph, if this Certificate
constitutes a Rule 144A Global Certificate, then interest herein may be
transferred (without delivery of any certificate or Opinion of Counsel described
in the preceding paragraph) by the Depositor or any Affiliate of the Depositor
to any Person who takes delivery in the form of a beneficial interest in the
Regulation S Global Certificate of the same Class as the Rule 144A Global
Certificate, as the case may be, upon delivery to the Certificate Registrar and
the Trustee of (x) a certificate from the Certificate Owner desiring to effect
such transfer substantially in the form attached as Exhibit F-1D to the
Agreement and a certificate from such Certificate Owner's prospective Transferee
substantially in the form attached as Exhibit F-2D to the Agreement and (y) such
written orders and instructions as are required under the applicable procedures
of DTC, Clearstream and Euroclear to direct the Trustee to debit the account of
a Depository Participant by a denomination of interests in the related Rule 144A
Global Certificate, and credit the account of a Depository Participant by a
denomination of interests in the related Regulation S Global Certificate, that
is equal to the denomination of beneficial interests in such Class to be
transferred. Upon delivery to the Certificate Registrar of such certifications,
orders and instructions, the Trustee, subject to and in accordance with the
applicable procedures of DTC, shall reduce the denomination of the related Rule
144A Global Certificate, and increase the denomination of the related Regulation
S Global Certificate, by the denomination of the beneficial interest in such
Class specified in such orders and instructions.

            Except, as discussed below, if this Certificate constitutes a
Regulation S Global Certificate, then beneficial interests in this Certificate
shall not be transferred to any Person other than a non-United States Securities
Person that takes delivery in the form of a beneficial interest in this
Certificate, and the Certificate Owner desiring to effect such transfer shall be
required to obtain from such Certificate Owner's prospective Transferee a
certification substantially in the form attached as Exhibit F-2D to the
Agreement. On or prior to the Release Date, beneficial interests in any
Regulation S Global Certificate may be held only through Euroclear or
Clearstream. After the Release Date, beneficial interests in any Regulation S
Global Certificate may be held through Euroclear, Clearstream or any other
direct account holder at DTC.

            Notwithstanding the preceding paragraph, if this Certificate
constitutes a Regulation S Global Certificate, then interests in this
Certificate may be transferred (without delivery of any certificate described in
the preceding paragraph) to any Person who takes delivery in the form of a
beneficial interest in the Rule 144A Global Certificate for the same Class as
this Regulation S Global Certificate upon delivery to the Certificate Registrar
and the Trustee of (i) a certificate from the Certificate Owner desiring to
effect such transfer substantially in the form attached as Exhibit F-1C to the
Agreement and a certificate from such Certificate Owner's prospective Transferee
substantially in the form attached as Exhibit F-2C to the Agreement and (ii)
such written orders and instructions as are required under the applicable
procedures of the Depository, Clearstream and/or Euroclear to direct the Trustee
to debit the account of a Depository Participant by a denomination of interests
in this Regulation S Global Certificate, and credit the account of a Depository
Participant by a denomination of interests in the related Rule 144A Global
Certificate, that is equal to the denomination of beneficial interests to be
transferred. Upon delivery to the Trustee of such certifications and such orders
and instructions, the Trustee, subject to and in accordance with the applicable
procedures of the Depository, shall reduce the denomination of this Regulation S
Global Certificate, and increase the denomination of the related Rule 144A
Global Certificate, by the denomination of the beneficial interest in the
subject Class specified in such orders and instructions.

            Notwithstanding the foregoing, any interest in a Global Certificate
may be transferred by any Certificate Owner holding such interest to any Person
who takes delivery in the form of a Definitive Certificate of the same Class as
such Global Certificate upon delivery to the Certificate Registrar and the
Trustee of (i) such certifications and/or opinions as are contemplated above
with respect to transfers of this Certificate in definitive form and (ii) such
written orders and instructions as are required under the applicable procedures
of the Depository, Clearstream and/or Euroclear to direct the Trustee to debit
the account of a Depository Participant by a denomination of interests in such
Global Certificate. Upon delivery to the Certificate Registrar of the
certifications and/or opinions contemplated above with respect to transfers of
this Certificate in definitive form, the Trustee, subject to and in accordance
with the applicable procedures of the Depository, shall reduce the denomination
of the subject Global Certificate, and cause a Definitive Certificate of the
same Class as such Global Certificate, and in a denomination equal to the
reduction in the denomination of such Global Certificate, to be executed,
authenticated and delivered in accordance with this Agreement to the applicable
Transferee.

            The Global Certificates shall be deposited with the Trustee as
custodian for DTC and registered in the name of Cede & Co. as nominee of DTC.

            None of the Depositor, the Trustee or the Certificate Registrar is
obligated to register or qualify the Class [B] [C] [D] [E] [F] [G] [H] [J] [K]
[L] [M] [N] [O] [P] [Q] [S] [T] Certificates under the Securities Act or any
other securities law or to take any action not otherwise required under the
Agreement to permit the transfer of this Certificate or any interest herein
without registration or qualification. Any Certificateholder or Certificate
Owner desiring to effect a transfer of this Certificate or any interest herein
shall, and does hereby agree to, indemnify the Depositor, Credit Suisse, the
Trustee 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 or the provisions described
in the preceding paragraphs.

            No transfer of this Certificate or any interest herein shall be made
(A) to any retirement plan or other employee benefit plan or arrangement,
including individual retirement accounts and annuities, Keogh plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested, including insurance company general accounts, that
is subject to Title I of ERISA or Section 4975 of the Code or any federal, state
or local law materially similar to the provisions of Title I of ERISA or Section
4975 of the Code (a "Similar Law") (each such retirement plan or other employee
benefit plan or arrangement, a "Plan"), or (B) to any Person who is directly or
indirectly purchasing this Certificate or any interest herein on behalf of, as
named fiduciary of, as trustee of, or with assets of a Plan or a governmental
plan subject to Similar Law, if the purchase and holding of this Certificate or
such interest herein by the prospective Transferee would result in a violation
of Section 406 or 407 of ERISA or Section 4975 of the Code or would result in
the imposition of an excise tax under Section 4975 of the Code (or, in the case
of a governmental plan subject to Similar Law, would result in a violation of,
or result in the imposition of an excise tax under, applicable Similar Law).
Except in limited circumstances, the Certificate Registrar shall refuse to
register the transfer of this Certificate (and, if applicable, any Certificate
Owner shall refuse to transfer an interest in this Certificate), unless it has
received from the prospective Transferee any of the following: (i) a
certification to the effect that such prospective Transferee is not a Plan and
is not directly or indirectly purchasing this Certificate on behalf of, as named
fiduciary of, as trustee of, or with assets of a Plan or a governmental plan
subject to Similar Law; or (ii) a certification to the effect that the purchase
and holding of this Certificate by such prospective Transferee is exempt from
the prohibited transaction provisions of Sections 406 and 407 of ERISA and
Section 4975 of the Code by reason of Sections I and III of Prohibited
Transaction Class Exemption 95-60 (or, in the case of a governmental plan
subject to Similar Law, a comparable exemption under such Similar Law); or (iii)
if this Certificate is rated investment grade by at least one of the Rating
Agencies and is being acquired by, on behalf of or with assets of a Plan in
reliance upon Prohibited Transaction Exemption 89-90 (or, in the case of a
governmental plan subject to Similar Law, a comparable exemption under such
Similar Law), a certification to the effect that such Plan (X) is an accredited
investor as defined in Rule 501(a)(1) of Regulation D of the Securities Act, (Y)
is not sponsored (within the meaning of Section 3(16)(B) of ERISA) by the
Trustee, the Depositor, any Mortgage Loan Seller, any Exemption-Favored Party,
the Master Servicer, the Special Servicer, any Primary Servicer, any
Sub-Servicer, the Swap Counterparty or any Borrower with respect to Mortgage
Loans constituting more than 5% of the aggregate unamortized principal of all
the Mortgage Loans determined as of the Closing Date, or by an Affiliate of any
such Person, and (Z) agrees that it will obtain from each of its Transferees a
written representation that such Transferee, if a Plan, satisfies the
requirements of the immediately preceding clauses (iii)(X), and (iii)(Y),
together with a written agreement that such Transferee will obtain from each of
its Transferees that are Plans a similar written representation regarding
satisfaction of the requirements of the immediately preceding clauses (iii)(X),
and (iii)(Y); or (iv) in the case of a governmental plan subject to Similar Law,
a certification that the purchase and holding of such Certificate by the
governmental plan would not result in a violation of, or the imposition of tax
under, such Similar Law; or (v) a certification of facts and an Opinion of
Counsel which otherwise establish to the reasonable satisfaction of the
Certificate Registrar (or, if applicable, the Certificate Owner effecting the
transfer) that such transfer will not result in a violation of Section 406 or
407 of ERISA or Section 4975 of the Code or result in the imposition of an
excise tax under Section 4975 of the Code (or, in the case of a governmental
plan subject to Similar Law, will not result in a violation of, or result in the
imposition of an excise tax under, applicable Similar Law). It is hereby
acknowledged that the forms of certification attached to the Agreement as
Exhibit G-1 (in the case of Definitive Certificates), and Exhibit G-2 (in the
case of ownership interests in Book-Entry Certificates) are acceptable for
purposes of the preceding sentence.

            If a Person is acquiring this Certificate as a fiduciary or agent
for one or more accounts, such Person shall be required to deliver to the
Certificate Registrar a certification to the effect that, and such other
evidence as may be reasonably required by the Trustee to confirm that, it has
(i) sole investment discretion with respect to each such account and (ii) full
power to make the acknowledgments, representations, warranties, certifications
and/or agreements with respect to each such account as described above in this
Certificate.

            As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar, duly endorsed by, or
accompanied by a written instrument of transfer in the form satisfactory to the
Certificate Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.

            No service charge will be imposed for any registration of transfer
or exchange of this Certificate, but the Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any transfer or exchange of this
Certificate.

            Notwithstanding the foregoing, for so long as this Certificate is
registered in the name of Cede & Co. or in such other name as is requested by an
authorized representative of DTC, transfers of interests in this Certificate
shall be made through the book-entry facilities of DTC, and accordingly, this
Certificate shall constitute a Book-Entry Certificate.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee or the Certificate Registrar may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Certificate Registrar or any such agent shall
be affected by notice to the contrary.

            Subject to certain terms and conditions set forth in the Agreement,
the Trust Fund and the obligations created by the Agreement shall terminate upon
distribution (or provision for distribution) to the Certificateholders of all
amounts held by or on behalf of the Trustee and required to be distributed to
them pursuant to the Agreement following the earlier of (i) the final payment or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in the Trust Fund, (ii) the purchase by any
single Controlling Class Certificateholder or group of Controlling Class
Certificateholders with a majority interest in the Controlling Class, the Master
Servicer or the Special Servicer, in that order of preference, at a price
determined as provided in the Agreement, of all the Mortgage Loans and each REO
Property remaining in the Trust Fund and (iii) the acquisition by the Sole
Certificateholder(s) of all the Mortgage Loans and each REO Property remaining
in the Trust Fund in exchange for all of the Certificates. The Agreement
permits, but does not require any single Controlling Class Certificateholder or
group of Controlling Class Certificateholders with a majority interest in the
Controlling Class, the Master Servicer or the Special Servicer to purchase from
the Trust Fund all the Mortgage Loans and each REO Property remaining therein.
The exercise of such right may effect early retirement of the Certificates;
however, such right to purchase is subject to the aggregate Stated Principal
Balance of the Mortgage Pool at the time of purchase being less than 1.0% of the
Initial Pool Balance.

            The 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 and the Trustee and the
rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Special Servicer and the Trustee with the
consent of the Holders of Certificates entitled to not less than 51% of the
Voting Rights allocated to all of the Classes materially affected by the
amendment. 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 Agreement also permits the amendment thereof, in
certain limited circumstances, including any amendment necessary to maintain the
status of each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC,
without the consent of the Holders of any of the Certificates.

            Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

            The registered Holder hereof, by its acceptance hereof, agrees that
it will look solely to the Trust Fund (to the extent of its rights therein) for
distributions hereunder.

            This Certificate shall be construed in accordance with the laws of
the State of New York applicable to agreements negotiated, made and to be
performed entirely in said State, and the obligations, rights and remedies of
the Holder hereof shall be determined in accordance with such laws.

<PAGE>

            IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Authorized Representative

                          CERTIFICATE OF AUTHENTICATION

            This is one of the Class [B][C][D][E][F][G][H][F][G][H][J][K][L][M]
[N][O][P][Q][S][T] Certificates referred to in the within-mentioned Agreement.

Dated:      March 16, 2007

                                        WELLS FARGO BANK, N.A.
                                            as Certificate Registrar

                                        By: ____________________________________
                                            Authorized Representative

<PAGE>

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s), and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(please print or typewrite name and address including postal zip code of
assignee)

the beneficial ownership interest in the Trust Fund evidenced by the within
Mortgage Pass-Through Certificate and hereby authorize(s) the registration of
transfer of such interest to assignee on the Certificate Register of the Trust
Fund.

            I (we) further direct the Certificate Registrar to issue a new
Mortgage Pass-Through Certificate of a like Percentage Interest and Class to the
above named assignee and deliver such Mortgage Pass-Through Certificate to the
following address:______________________________________________________________
________________________________________________________________________________

Dated:

                                        ________________________________________
                                        Signature by or on behalf of Assignor

                                        ________________________________________
                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

            The Assignee should include the following for purposes of
distribution:

            Distributions shall, if permitted, be made by wire transfer or
otherwise, in immediately available funds, to __________________________________
_________________________ for the account of ___________________________________
____________________________________________________________.

            Distributions made by check (such check to be made payable to
___________________________), and all applicable statements and notices should
be mailed to ___________________________________________________________________
_______________________________________________.

            This information is provided by ___________________________________,
the Assignee named above, or __________________________________________________,
as its agent.

<PAGE>

                                   EXHIBIT A-4

                        FORM OF CLASS A-MFL CERTIFICATES

                                   CLASS A-MFL
                  COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2007-C1

This is one of a series of commercial mortgage pass-through certificates
(collectively, the "Certificates"), issued in multiple classes (each, a
"Class"), which series of Certificates evidences the entire beneficial ownership
interest in a trust fund (the "Trust Fund") consisting primarily of a pool of
multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool
being formed and sold by

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Pass-Through Rate: [____% per annum]    Class Principal Balance of the Class
[Variable]                              A-MFL Certificates as of the Closing
                                        Date: $_________________

Closing Date: March 16, 2007            Initial Certificate Principal Balance of
                                        this Certificate as of the Closing Date:
                                        $_________________

First Distribution Date:                Aggregate Cut-off Date Principal Balance
April 16, 2007                          of the Mortgage Loans as of the Closing
                                        Date ("Initial Pool Balance"):
                                        $3,371,478,040

Master Servicer:                        Trustee:
Capmark Finance Inc.                    Wells Fargo Bank, N.A.

Special Servicer:
Midland Loan Services, Inc.

Certificate No. A-MFL-___               CUSIP No.: _____________
                                        ISIN No.: _____________

<PAGE>

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ANY
AGENT THEREOF 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.

NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY
RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO
SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR (B) ANY
PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH
INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH
ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., WELLS FARGO BANK, N.A., CAPMARK
FINANCE INC., MIDLAND LOAN SERVICES, INC. OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR ANY OF THE UNDERLYING MORTGAGE LOANS IS GUARANTEED
BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
"REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" (A "REMIC") AS
THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE AND
A SWAP CONTRACT, AND CONSTITUTES AN INTEREST IN A GRANTOR TRUST.

THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS
THAN THE AMOUNT SHOWN ABOVE.

            This certifies that CEDE & CO. is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
principal amount of this Certificate (its "Certificate Principal Balance") as of
the Closing Date by the aggregate principal amount of all the Class A-MFL
Certificates (their "Class Principal Balance") as of the Closing Date) in that
certain beneficial ownership interest in the Trust Fund evidenced by all the
Class A-MFL Certificates. The Trust Fund was created and the Certificates were
issued pursuant to a Pooling and Servicing Agreement, dated as of March 1, 2007
(the "Agreement"), among Credit Suisse First Boston Mortgage Securities Corp.,
as depositor (the "Depositor," which term includes any successors in interest
under the Agreement), Capmark Finance Inc., as master servicer (the "Master
Servicer," which term includes any successors in interest under the Agreement),
Midland Loan Services, Inc., as special servicer (the "Special Servicer," which
term includes any successors in interest under the Agreement), and Wells Fargo
Bank, N.A., as trustee (the "Trustee," which term includes any successors in
interest under the Agreement), a summary of certain of the pertinent provisions
of which is set forth hereafter. To the extent not defined herein, capitalized
terms used herein have the respective meanings assigned thereto in the
Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of its acceptance hereof assents and by which such
Holder is bound.

            Pursuant to the terms of the Agreement, beginning on the First
Distribution Date specified above, distributions will be made on that date (the
"Distribution Date") each month that is the fourth Business Day following the
Determination Date in such month, to the Person in whose name this Certificate
is registered at the close of business on the last Business Day of the month
immediately preceding the month of such distribution (the "Record Date"), in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to all the Holders of the
Class A-MFL Certificates on the applicable Distribution Date pursuant to the
Agreement. All distributions made under the Agreement on this Certificate will
be made by the Trustee by wire transfer of immediately available funds to the
account of the Person entitled thereto at a bank or other entity having
appropriate facilities therefor, if such Certificateholder shall have provided
the Trustee with wiring instructions no later than the related Record Date
(which wiring instructions may be in the form of a standing order applicable to
all subsequent distributions), or otherwise by check mailed to the address of
such Certificateholder as it appears in the Certificate Register.
Notwithstanding the foregoing, the final distribution on this Certificate
(determined without regard to any possible future reimbursement of any portion
of a Realized Loss in respect of this Certificate) will be made in like manner,
but only upon presentation and surrender of this Certificate at the offices of
the Certificate Registrar or such other location specified in the notice to the
Holder hereof of such final distribution.

            The Certificates are limited in right of distribution to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Distribution Account, the Collection Account
and, if established, the REO Account may be made from time to time for purposes
other than, and, in certain cases, prior to, distributions to
Certificateholders, such purposes including the reimbursement of advances made,
or certain expenses incurred, with respect to the Mortgage Loans and the payment
of interest on such advances and expenses.

            Any distribution to the Holder of this Certificate in reduction of
the Certificate Principal Balance hereof is binding on such Holder and all
future Holders of this Certificate and any Certificate issued upon the transfer
hereof or in exchange herefor or in lieu hereof whether or not notation of such
distribution is made upon this Certificate.

            This Certificate is issuable in fully registered form only without
coupons. As provided in the Agreement and subject to certain limitations therein
set forth, this Certificate is exchangeable for new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest, as requested by the Holder surrendering the same.

            No transfer of this Certificate or any interest herein shall be made
(A) to any retirement plan or other employee benefit plan or arrangement,
including individual retirement accounts and annuities, Keogh plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested, including insurance company general accounts, that
is subject to Title I of ERISA or Section 4975 of the Code or any federal, state
or local law materially similar to the provisions of Title I of ERISA or Section
4975 of the Code (a "Similar Law") (each such retirement plan or other employee
benefit plan or arrangement, a "Plan"), or (B) to any Person who is directly or
indirectly purchasing this Certificate or any interest herein on behalf of, as
named fiduciary of, as trustee of, or with assets of a Plan or a governmental
plan subject to Similar Law, if the purchase and holding of this Certificate or
such interest herein by the prospective Transferee would result in a violation
of Section 406 or 407 of ERISA or Section 4975 of the Code or would result in
the imposition of an excise tax under Section 4975 of the Code (or, in the case
of a governmental plan subject to Similar Law, would result in a violation of,
or result in the imposition of an excise tax under, applicable Similar Law).
Except in limited circumstances, the Certificate Registrar shall refuse to
register the transfer of this Certificate (and, if applicable, any Certificate
Owner shall refuse to transfer an interest in this Certificate), unless it has
received from the prospective Transferee any of the following: (i) a
certification to the effect that such prospective Transferee is not a Plan and
is not directly or indirectly purchasing this Certificate on behalf of, as named
fiduciary of, as trustee of, or with assets of a Plan or a governmental plan
subject to Similar Law; or (ii) a certification to the effect that the purchase
and holding of this Certificate by such prospective Transferee is exempt from
the prohibited transaction provisions of Sections 406 and 407 of ERISA and
Section 4975 of the Code by reason of Sections I and III of Prohibited
Transaction Class Exemption 95-60 (or, in the case of a governmental plan
subject to Similar Law, a comparable exemption under such Similar Law); or (iii)
if this Certificate is rated investment grade by at least one of the Rating
Agencies and is being acquired by, on behalf of or with assets of a Plan in
reliance upon Prohibited Transaction Exemption 89-90 (or, in the case of a
governmental plan subject to Similar Law, a comparable exemption under such
Similar Law), a certification to the effect that such Plan (X) is an accredited
investor as defined in Rule 501(a)(1) of Regulation D of the Securities Act, (Y)
is not sponsored (within the meaning of Section 3(16)(B) of ERISA) by the
Trustee, the Depositor, any Mortgage Loan Seller, any Exemption-Favored Party,
the Master Servicer, the Special Servicer, any Primary Servicer, any
Sub-Servicer, the Swap Counterparty or any Borrower with respect to Mortgage
Loans constituting more than 5% of the aggregate unamortized principal of all
the Mortgage Loans determined as of the Closing Date, or by an Affiliate of any
such Person, and (Z) agrees that it will obtain from each of its Transferees a
written representation that such Transferee, if a Plan, satisfies the
requirements of the immediately preceding clauses (iii)(X), and (iii)(Y),
together with a written agreement that such Transferee will obtain from each of
its Transferees that are Plans a similar written representation regarding
satisfaction of the requirements of the immediately preceding clauses (iii)(X),
and (iii)(Y); or (iv) in the case of a governmental plan subject to Similar Law,
a certification that the purchase and holding of such Certificate by the
governmental plan would not result in a violation of, or the imposition of tax
under, such Similar Law; or (v) a certification of facts and an Opinion of
Counsel which otherwise establish to the reasonable satisfaction of the
Certificate Registrar (or, if applicable, the Certificate Owner effecting the
transfer) that such transfer will not result in a violation of Section 406 or
407 of ERISA or Section 4975 of the Code or result in the imposition of an
excise tax under Section 4975 of the Code (or, in the case of a governmental
plan subject to Similar Law, will not result in a violation of, or result in the
imposition of an excise tax under, applicable Similar Law). It is hereby
acknowledged that the forms of certification attached to the Agreement as
Exhibit G-1 (in the case of Definitive Certificates), and Exhibit G-2 (in the
case of ownership interests in Book-Entry Certificates) are acceptable for
purposes of the preceding sentence.

            As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar, duly endorsed by, or
accompanied by a written instrument of transfer in the form satisfactory to the
Certificate Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.

            No service charge will be imposed for any registration of transfer
or exchange of this Certificate, but the Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any transfer or exchange of this
Certificate.

            Notwithstanding the foregoing, for so long as this Certificate is
registered in the name of Cede & Co. or in such other name as is requested by an
authorized representative of DTC, transfers of interests in this Certificate
shall be made through the book-entry facilities of DTC, and accordingly, this
Certificate shall constitute a Book-Entry Certificate.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee, or the Certificate Registrar may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Certificate Registrar or any such agent shall
be affected by notice to the contrary.

            Subject to certain terms and conditions set forth in the Agreement,
the Trust Fund and the obligations created by the Agreement shall terminate upon
distribution (or provision for distribution) to the Certificateholders of all
amounts held by or on behalf of the Trustee and required to be distributed to
them pursuant to the Agreement following the earlier of (i) the final payment or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in the Trust Fund, (ii) the purchase by any
single Controlling Class Certificateholder or group of Controlling Class
Certificateholders with a majority interest in the Controlling Class, the Master
Servicer or the Special Servicer, in that order of preference, at a price
determined as provided in the Agreement, of all the Mortgage Loans and each REO
Property remaining in the Trust Fund and (iii) the acquisition by the Sole
Certificateholder(s) of all the Mortgage Loans and each REO Property remaining
in the Trust Fund in exchange for all of the Certificates. The Agreement
permits, but does not require any single Controlling Class Certificateholder or
group of Controlling Class Certificateholders with a majority interest in the
Controlling Class, the Master Servicer or the Special Servicer to purchase from
the Trust Fund all the Mortgage Loans and each REO Property remaining therein.
The exercise of such right may effect early retirement of the Certificates;
however, such right to purchase is subject to the aggregate Stated Principal
Balance of the Mortgage Pool at the time of purchase being less than 1.0% of the
Initial Pool Balance.

            The 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 and the Trustee and the
rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Special Servicer and the Trustee with the
consent of the Holders of Certificates entitled to not less than 51% of the
Voting Rights allocated to all of the Classes materially affected by the
amendment. 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 Agreement also permits the amendment thereof, in
certain limited circumstances, including any amendment necessary to maintain the
status of each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC,
without the consent of the Holders of any of the Certificates.

            Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

            The registered Holder hereof, by its acceptance hereof, agrees that
it will look solely to the Trust Fund (to the extent of its rights therein) for
distributions hereunder.

            This Certificate shall be construed in accordance with the laws of
the State of New York applicable to agreements negotiated, made and to be
performed entirely in said State, and the obligations, rights and remedies of
the Holder hereof shall be determined in accordance with such laws.

<PAGE>

            IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Authorized Representative

                          CERTIFICATE OF AUTHENTICATION

            This is one of the Class A-MFL Certificates referred to in the
within-mentioned Agreement.

Dated:      March 16, 2007

                                        WELLS FARGO BANK, N.A.
                                            as Certificate Registrar

                                        By: ____________________________________
                                            Authorized Representative

<PAGE>

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s), and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(please print or typewrite name and address including postal zip code of
assignee)

the beneficial ownership interest in the Trust Fund evidenced by the within
Mortgage Pass-Through Certificate and hereby authorize(s) the registration of
transfer of such interest to assignee on the Certificate Register of the Trust
Fund.

            I (we) further direct the Certificate Registrar to issue a new
Mortgage Pass-Through Certificate of a like Percentage Interest and Class to the
above named assignee and deliver such Mortgage Pass-Through Certificate to the
following address:______________________________________________________________
________________________________________________________________________________

Dated:

                                        ________________________________________
                                        Signature by or on behalf of Assignor

                                        ________________________________________
                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

            The Assignee should include the following for purposes of
distribution:

            Distributions shall, if permitted, be made by wire transfer or
otherwise, in immediately available funds, to __________________________________
_________________________ for the account of ___________________________________
____________________________________________________________.

            Distributions made by check (such check to be made payable to
___________________________), and all applicable statements and notices should
be mailed to ___________________________________________________________________
_______________________________________________.

            This information is provided by ___________________________________,
the Assignee named above, or __________________________________________________,
as its agent.

<PAGE>

                                   EXHIBIT A-5

                          FORM OF CLASS V CERTIFICATES

              CLASS V COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2007-C1

This is one of a series of commercial mortgage pass-through certificates
(collectively, the "Certificates"), issued in multiple classes (each, a
"Class"), which series of Certificates evidences the entire beneficial ownership
interest in a trust fund (the "Trust Fund") consisting primarily of a pool of
multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool
being formed and sold by

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Closing Date: March 16, 2007            Percentage Interest evidenced by this
                                        Class V Certificate: ______%

First Distribution Date:                Aggregate Cut-off Date Principal Balance
April 16, 2007                          of the Mortgage Loans as of the Closing
                                        Date ("Initial Pool Balance"):
                                        $3,371,478,040

Master Servicer:                        Trustee:
Capmark Finance Inc.                    Wells Fargo Bank, N.A.

Special Servicer:
Midland Loan Services, Inc.

Certificate No. V-___                   CUSIP No.: _____________

<PAGE>

THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE.
ANY RESALE, PLEDGE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE OR ANY
INTEREST HEREIN WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A
TRANSACTION WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH
IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.

NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY
RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO
SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR (B) ANY
PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH
INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH
ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN INTEREST HAS NOT BEEN
REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT COMPANY ACT OF 1940,
AS AMENDED (THE "INVESTMENT COMPANY ACT"). ACCORDINGLY, THIS CERTIFICATE MAY NOT
BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT TO (1) A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A
"QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR WITHIN THE
MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a) OF REGULATION D UNDER
THE SECURITIES ACT OR AN ENTITY IN WHICH ALL THE EQUITY OWNERS ARE DESCRIBED BY
SUCH PARAGRAPHS (AN "INSTITUTIONAL ACCREDITED INVESTOR").

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., WELLS FARGO BANK, N.A., CAPMARK
FINANCE INC., MIDLAND LOAN SERVICES, INC. OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR ANY OF THE UNDERLYING MORTGAGE LOANS IS GUARANTEED
BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

THIS CERTIFICATE IS ENTITLED ONLY TO CERTAIN ADDITIONAL INTEREST (IF ANY)
RECEIVED IN RESPECT OF THE ARD MORTGAGE LOANS, SUBJECT TO THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.

            This certifies that CITIGROUP GLOBAL MARKETS INC. is the registered
owner of the Percentage Interest evidenced by this Certificate (as specified
above) in that certain beneficial ownership interest in the Trust Fund evidenced
by all the Class V Certificates. The Trust Fund was created and the Certificates
were issued pursuant to a Pooling and Servicing Agreement, dated as of March 1,
2007 (the "Agreement"), among Credit Suisse First Boston Mortgage Securities
Corp., as depositor (the "Depositor," which term includes any successors in
interest under the Agreement), Capmark Finance Inc., as master servicer (the
"Master Servicer," which term includes any successors in interest under the
Agreement), Midland Loan Services, Inc., as special servicer (the "Special
Servicer," which term includes any successors in interest under the Agreement),
and Wells Fargo Bank, N.A., as trustee (the "Trustee," which term includes any
successors in interest under the Agreement), a summary of certain of the
pertinent provisions of which is set forth hereafter. To the extent not defined
herein, capitalized terms used herein have the respective meanings assigned
thereto in the Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which Agreement the Holder
of this Certificate by virtue of its acceptance hereof assents and by which such
Holder is bound.

            Pursuant to the terms of the Agreement, beginning on the First
Distribution Date specified above, distributions will be made on that date (the
"Distribution Date") each month that is the fourth Business Day following the
Determination Date in such month, to the Person in whose name this Certificate
is registered at the close of business on the last Business Day of the month
immediately preceding the month of such distribution (the "Record Date"), in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to all the Holders of the
Class V Certificates on the applicable Distribution Date pursuant to the
Agreement. All distributions made under the Agreement on this Certificate will
be made by the Trustee by wire transfer of immediately available funds to the
account of the Person entitled thereto at a bank or other entity having
appropriate facilities therefor, if such Certificateholder shall have provided
the Trustee with wiring instructions no later than the related Record Date
(which wiring instructions may be in the form of a standing order applicable to
all subsequent distributions), or otherwise by check mailed to the address of
such Certificateholder as it appears in the Certificate Register.
Notwithstanding the foregoing, the final distribution on this Certificate will
be made in like manner, but only upon presentation and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to the Holder hereof of such final distribution.

            The Certificates are limited in right of distribution to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Distribution Account, the Collection Account
and, if established, the REO Account may be made from time to time for purposes
other than, and, in certain cases, prior to, distributions to
Certificateholders, such purposes including the reimbursement of advances made,
or certain expenses incurred, with respect to the Mortgage Loans and the payment
of interest on such advances and expenses.

            This Certificate is issuable in fully registered form only without
coupons. As provided in the Agreement and subject to certain limitations therein
set forth, this Certificate is exchangeable for new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest, as requested by the Holder surrendering the same.

            No transfer, sale, pledge or other disposition of this Certificate
or any interest herein shall be made unless that transfer, sale, pledge or other
disposition is exempt from the registration and/or qualification requirements of
the Securities Act and any applicable state securities laws, or is otherwise
made in accordance with the Securities Act and such state securities laws. If a
transfer of this Certificate is to be made without registration under the
Securities Act (other than in connection with the initial issuance of the
Certificates or a transfer of this Certificate by the Depositor or any Affiliate
of the Depositor), then the Certificate Registrar shall refuse to register such
transfer unless it receives (and, upon receipt, may conclusively rely upon)
either: (i) a certificate from the Certificateholder desiring to effect such
transfer substantially in the form attached as Exhibit F-1A to the Agreement; or
(ii) a certificate from the Certificateholder desiring to effect such transfer
substantially in the form attached as Exhibit F-1B to the Agreement and a
certificate from such Certificateholder's prospective Transferee substantially
in the form attached either as Exhibit F-2A or as Exhibit F-2B to the Agreement;
or (iii) an Opinion of Counsel satisfactory to the Certificate Registrar to the
effect that such transfer may be made without registration under the Securities
Act (which Opinion of Counsel shall not be an expense of the Trust or of the
Depositor, the Master Servicer, the Special Servicer, the Trustee or the
Certificate Registrar in their respective capacities as such), together with the
written certification(s) as to the facts surrounding such transfer from the
Certificateholder desiring to effect such transfer and/or such
Certificateholder's prospective Transferee on which such Opinion of Counsel is
based. Any Certificateholder desiring to effect a transfer, sale, pledge or
other disposition of this Certificate or any interest herein shall, and does
hereby agree to, indemnify the Depositor, Credit Suisse Securities (USA) LLC,
the Trustee, the Master Servicer, the Special Servicer, and the Certificate
Registrar against any liability that may result if such transfer, sale, pledge
or other disposition is not exempt from the registration and/or qualification
requirements of the Securities Act and any applicable state securities laws or
is not made in accordance with such federal and state laws.

            No transfer of this Certificate or any interest herein shall be made
except to a Qualified Institutional Buyer or an Institutional Accredited
Investor. The Certificate Registrar shall refuse to register the transfer of
this Certificate unless it has received from the prospective Transferee a
certification to the effect that such prospective Transferee is a Qualified
Institutional Buyer or an Institutional Accredited Investor.

            No transfer of this Certificate or any interest herein shall be made
(A) to any retirement plan or other employee benefit plan or arrangement,
including individual retirement accounts and annuities, Keogh plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested, including insurance company general accounts, that
is subject to Title I of ERISA or Section 4975 of the Code or any federal, state
or local law materially similar to the provisions of Title I of ERISA or Section
4975 of the Code (a "Similar Law") (each such retirement plan or other employee
benefit plan or arrangement, a "Plan"), or (B) to any Person who is directly or
indirectly purchasing this Certificate or any interest herein on behalf of, as
named fiduciary of, as trustee of, or with assets of a Plan or a governmental
plan subject to Similar Law, if the purchase and holding of this Certificate or
such interest herein by the prospective Transferee would result in a violation
of Section 406 or 407 of ERISA or Section 4975 of the Code or would result in
the imposition of an excise tax under Section 4975 of the Code (or, in the case
of a governmental plan subject to Similar Law, would result in a violation of,
or result in the imposition of an excise tax under, applicable Similar Law).
Except in limited circumstances, the Certificate Registrar shall refuse to
register the transfer of this Certificate unless it has received from the
prospective Transferee a certification to the effect that such prospective
Transferee is not a Plan and is not directly or indirectly purchasing this
Certificate on behalf of, as named fiduciary of, as trustee of, or with assets
of a Plan or a governmental plan subject to Similar Law. It is hereby
acknowledged that the form of certification attached to the Agreement as Exhibit
G-1 is acceptable for purposes of the preceding sentence.

            If a Person is acquiring this Certificate as a fiduciary or agent
for one or more accounts, such Person shall be required to deliver to the
Certificate Registrar a certification to the effect that, and such other
evidence as may be reasonably required by the Trustee to confirm that, it has
(i) sole investment discretion with respect to each such account and (ii) full
power to make the acknowledgments, representations, warranties, certifications
and/or agreements with respect to each such account described above in this
Certificate.

            As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar, duly endorsed by, or
accompanied by a written instrument of transfer in the form satisfactory to the
Certificate Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.

            No service charge will be imposed for any registration of transfer
or exchange of this Certificate, but the Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any transfer or exchange of this
Certificate.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee or the Certificate Registrar may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Certificate Registrar or any such agent shall
be affected by notice to the contrary.

            Subject to certain terms and conditions set forth in the Agreement,
the Trust Fund and the obligations created by the Agreement shall terminate upon
distribution (or provision for distribution) to the Certificateholders of all
amounts held by or on behalf of the Trustee and required to be distributed to
them pursuant to the Agreement following the earlier of (i) the final payment or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in the Trust Fund, (ii) the purchase by any
single Controlling Class Certificateholder or group of Controlling Class
Certificateholders with a majority interest in the Controlling Class, the Master
Servicer or the Special Servicer, in that order of preference, at a price
determined as provided in the Agreement, of all the Mortgage Loans and each REO
Property remaining in the Trust Fund and (iii) the acquisition by the Sole
Certificateholder(s) of all the Mortgage Loans and each REO Property remaining
in the Trust Fund in exchange for all of the Certificates. The Agreement
permits, but does not require any single Controlling Class Certificateholder or
group of Controlling Class Certificateholders with a majority interest in the
Controlling Class, the Master Servicer or the Special Servicer to purchase from
the Trust Fund all the Mortgage Loans and each REO Property remaining therein.
The exercise of such right may effect early retirement of the Certificates;
however, such right to purchase is subject to the aggregate Stated Principal
Balance of the Mortgage Pool at the time of purchase being less than 1.0% of the
Initial Pool Balance.

            The 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 and the Trustee and the
rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Special Servicer and the Trustee with the
consent of the Holders of Certificates entitled to not less than 51% of the
Voting Rights allocated to all of the Classes materially affected by the
amendment. 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 Agreement also permits the amendment thereof, in
certain limited circumstances, including any amendment necessary to maintain the
status of each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC,
without the consent of the Holders of any of the Certificates.

            Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

            The registered Holder hereof, by its acceptance hereof, agrees that
it will look solely to the Trust Fund (to the extent of its rights therein) for
distributions hereunder.

            This Certificate shall be construed in accordance with the laws of
the State of New York applicable to agreements negotiated, made and to be
performed entirely in said State, and the obligations, rights and remedies of
the Holder hereof shall be determined in accordance with such laws.

<PAGE>

            IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Authorized Representative

                          CERTIFICATE OF AUTHENTICATION

            This is one of the Class V Certificates referred to in the
within-mentioned Agreement.

Dated:      March 16, 2007

                                        WELLS FARGO BANK, N.A.
                                            as Certificate Registrar

                                        By: ____________________________________
                                            Authorized Representative

<PAGE>

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s), and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(please print or typewrite name and address including postal zip code of
assignee)

the beneficial ownership interest in the Trust Fund evidenced by the within
Mortgage Pass-Through Certificate and hereby authorize(s) the registration of
transfer of such interest to assignee on the Certificate Register of the Trust
Fund.

            I (we) further direct the Certificate Registrar to issue a new
Mortgage Pass-Through Certificate of a like Percentage Interest and Class to the
above named assignee and deliver such Mortgage Pass-Through Certificate to the
following address:______________________________________________________________
________________________________________________________________________________

Dated:

                                        ________________________________________
                                        Signature by or on behalf of Assignor

                                        ________________________________________
                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

            The Assignee should include the following for purposes of
distribution:

            Distributions shall, if permitted, be made by wire transfer or
otherwise, in immediately available funds, to __________________________________
_________________________ for the account of ___________________________________
____________________________________________________________.

            Distributions made by check (such check to be made payable to
___________________________), and all applicable statements and notices should
be mailed to ___________________________________________________________________
_______________________________________________.

            This information is provided by ___________________________________,
the Assignee named above, or __________________________________________________,
as its agent.

<PAGE>

                                   EXHIBIT A-6

                    FORM OF [CLASS R] [CLASS LR] CERTIFICATES

          CLASS [R] [LR] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2007-C1

This is one of a series of commercial mortgage pass-through certificates
(collectively, the "Certificates"), issued in multiple classes (each, a
"Class"), which series of Certificates evidences the entire beneficial ownership
interest in a trust fund (the "Trust Fund") consisting primarily of a pool of
multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool
being formed and sold by

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Closing Date: March 16, 2007            Percentage Interest evidenced by this
                                        Class [R][LR] Certificate: ___%

First Distribution Date:                Aggregate Cut-off Date Principal Balance
April 16, 2007                          of the Mortgage Loans as of the Closing
                                        Date ("Initial Pool Balance"):
                                        $3,371,478,040

Master Servicer:                        Trustee:
Capmark Finance Inc.                    Wells Fargo Bank, N.A.

Special Servicer:
Midland Loan Services, Inc.

Certificate No. [R][LR]-___            CUSIP No.: _____________

<PAGE>

THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE.
ANY RESALE, PLEDGE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE OR ANY
INTEREST HEREIN WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A
TRANSACTION WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH
IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.

NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY
RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT THAT IS SUBJECT TO
SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR (B) ANY
PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR SUCH
INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH
ASSETS OF ANY SUCH RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN INTEREST HAS NOT BEEN
REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT COMPANY ACT OF 1940,
AS AMENDED (THE "INVESTMENT COMPANY ACT"). ACCORDINGLY, THIS CERTIFICATE MAY NOT
BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT TO (1) A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A
"QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR WITHIN THE
MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a) OF REGULATION D UNDER
THE SECURITIES ACT OR AN ENTITY IN WHICH ALL THE EQUITY OWNERS ARE DESCRIBED BY
SUCH PARAGRAPHS (AN "INSTITUTIONAL ACCREDITED INVESTOR").

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., WELLS FARGO BANK, N.A., CAPMARK
FINANCE INC., MIDLAND LOAN SERVICES, INC. OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR ANY OF THE UNDERLYING MORTGAGE LOANS IS GUARANTEED
BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE
SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT REFERRED TO HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE EVIDENCES
OWNERSHIP OF THE SOLE "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G
AND 860D OF THE CODE. CONSEQUENTLY, TRANSFER OF THIS CERTIFICATE IS ALSO SUBJECT
TO THE ADDITIONAL TAX RELATED TRANSFER RESTRICTIONS DESCRIBED HEREIN. IF ANY
PERSON BECOMES THE REGISTERED HOLDER OF THIS CERTIFICATE IN VIOLATION OF SUCH
TRANSFER RESTRICTIONS, 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 OR UNDER THE POOLING AND SERVICING
AGREEMENT REFERRED TO HEREIN, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF
DISTRIBUTIONS, IF ANY, ON THIS CERTIFICATE.

            This certifies that WACHOVIA BANK, NATIONAL ASSOCIATION is the
registered owner of the Percentage Interest evidenced by this Certificate (as
specified above) in that certain beneficial ownership interest in the Trust Fund
evidenced by all the Class [R] [LR] Certificates. The Trust Fund was created and
the Certificates were issued pursuant to a Pooling and Servicing Agreement,
dated as of March 1, 2007 (the "Agreement"), among Credit Suisse First Boston
Mortgage Securities Corp., as depositor (the "Depositor," which term includes
any successors in interest under the Agreement), Capmark Finance Inc., as master
servicer (the "Master Servicer," which term includes any successors in interest
under the Agreement), Midland Loan Services, Inc., as special servicer (the
"Special Servicer," which term includes any successors in interest under the
Agreement), and Wells Fargo Bank, N.A., as trustee (the "Trustee," which term
includes any successors in interest under the Agreement), a summary of certain
of the pertinent provisions of which is set forth hereafter. To the extent not
defined herein, capitalized terms used herein have the respective meanings
assigned thereto in the Agreement. This Certificate is issued under and is
subject to the terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of its acceptance hereof
assents and by which such Holder is bound.

            Pursuant to the terms of the Agreement, beginning on the First
Distribution Date specified above, distributions will be made on that date (the
"Distribution Date") each month that is the fourth Business Day following the
Determination Date in such month, to the Person in whose name this Certificate
is registered at the close of business on the last Business Day of the month
immediately preceding the month of such distribution (the "Record Date"), in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to all the Holders of the
Class [R] [LR] Certificates on the applicable Distribution Date pursuant to the
Agreement. All distributions made under the Agreement on this Certificate will
be made by the Trustee by wire transfer of immediately available funds to the
account of the Person entitled thereto at a bank or other entity having
appropriate facilities therefor, if such Certificateholder shall have provided
the Trustee with wiring instructions no later than the related Record Date
(which wiring instructions may be in the form of a standing order applicable to
all subsequent distributions), or otherwise by check mailed to the address of
such Certificateholder as it appears in the Certificate Register.
Notwithstanding the foregoing, the final distribution on this Certificate will
be made in like manner, but only upon presentation and surrender of this
Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to the Holder hereof of such final distribution.

            The Certificates are limited in right of distribution to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Distribution Account, the Collection Account
and, if established, the REO Account may be made from time to time for purposes
other than, and, in certain cases, prior to, distributions to
Certificateholders, such purposes including the reimbursement of advances made,
or certain expenses incurred, with respect to the Mortgage Loans and the payment
of interest on such advances and expenses.

            This Certificate is issuable in fully registered form only without
coupons. As provided in the Agreement and subject to certain limitations therein
set forth, this Certificate is exchangeable for new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest, as requested by the Holder surrendering the same.

            No transfer, sale, pledge or other disposition of this Certificate
or any interest herein shall be made unless that transfer, sale, pledge or other
disposition is exempt from the registration and/or qualification requirements of
the Securities Act and any applicable state securities laws, or is otherwise
made in accordance with the Securities Act and such state securities laws. If a
transfer of this Certificate is to be made without registration under the
Securities Act (other than in connection with the initial issuance of the
Certificates or a transfer of this Certificate by the Depositor or any Affiliate
of the Depositor), then the Certificate Registrar shall refuse to register such
transfer unless it receives (and, upon receipt, may conclusively rely upon)
either: (i) a certificate from the Certificateholder desiring to effect such
transfer substantially in the form attached as Exhibit F-1A to the Agreement; or
(ii) a certificate from the Certificateholder desiring to effect such transfer
substantially in the form attached as Exhibit F-1B to the Agreement and a
certificate from such Certificateholder's prospective Transferee substantially
in the form attached either as Exhibit F-2A or as Exhibit F-2B to the Agreement;
or (iii) an Opinion of Counsel satisfactory to the Certificate Registrar to the
effect that such transfer may be made without registration under the Securities
Act (which Opinion of Counsel shall not be an expense of the Trust or of the
Depositor, the Master Servicer, the Special Servicer, the Trustee or the
Certificate Registrar in their respective capacities as such), together with the
written certification(s) as to the facts surrounding such transfer from the
Certificateholder desiring to effect such transfer and/or such
Certificateholder's prospective Transferee on which such Opinion of Counsel is
based. Any Certificateholder desiring to effect a transfer, sale, pledge or
other disposition of this Certificate or any interest herein shall, and does
hereby agree to, indemnify the Depositor, Credit Suisse Securities (USA) LLC,
the Trustee, the Master Servicer, the Special Servicer, and the Certificate
Registrar against any liability that may result if such transfer, sale, pledge
or other disposition is not exempt from the registration and/or qualification
requirements of the Securities Act and any applicable state securities laws or
is not made in accordance with such federal and state laws.

            No transfer of this Certificate or any interest herein shall be made
except to a Qualified Institutional Buyer. The Certificate Registrar shall
refuse to register the transfer of this Certificate unless it has received from
the prospective Transferee a certification to the effect that such prospective
Transferee is a Qualified Institutional Buyer.

            No transfer of this Certificate or any interest herein shall be made
(A) to any retirement plan or other employee benefit plan or arrangement,
including individual retirement accounts and annuities, Keogh plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested, including insurance company general accounts, that
is subject to Title I of ERISA or Section 4975 of the Code or any federal, state
or local law materially similar to the provisions of Title I of ERISA or Section
4975 of the Code (a "Similar Law") (each such retirement plan or other employee
benefit plan or arrangement, a "Plan") or (B) to any Person who is directly or
indirectly purchasing this Certificate or any interest herein on behalf of, as
named fiduciary of, as trustee of, or with assets of a Plan or a governmental
plan subject to Similar Law, if the purchase and holding of this Certificate or
such interest herein by the prospective Transferee would result in a violation
of Section 406 or 407 of ERISA or Section 4975 of the Code or would result in
the imposition of an excise tax under Section 4975 of the Code (or, in the case
of a governmental plan subject to Similar Law, would result in a violation of,
or result in the imposition of an excise tax under, applicable Similar Law).
Except in limited circumstances, the Certificate Registrar shall refuse to
register the transfer of this Certificate unless it has received from the
prospective Transferee a certification to the effect that such prospective
Transferee is not a Plan and is not directly or indirectly purchasing this
Certificate on behalf of, as named fiduciary of, as trustee of, or with assets
of a Plan or a governmental plan subject to Similar Law. It is hereby
acknowledged that the form of certification attached to the Agreement as Exhibit
G-1 is acceptable for purposes of the preceding sentence.

            Each Person who has or who acquires any Ownership Interest in this
Certificate shall be deemed by its acceptance or acquisition of such Ownership
Interest to have agreed to be bound by the provisions of Section 5.02(d) of the
Agreement and, if any purported Transferee shall become a Holder of this
Certificate in violation of the provisions of such Section 5.02(d), to have
irrevocably authorized the Trustee (i) to deliver payments to a Person other
than such Person and (ii) to negotiate the terms of any mandatory disposition,
to execute all instruments of Transfer and to do all other things necessary in
connection with any such disposition. Each Person holding or acquiring any
Ownership Interest in this Certificate must be a Permitted Transferee and shall
promptly notify the Trustee of any change or impending change in its status as a
Permitted Transferee. In connection with any proposed Transfer of any Ownership
Interest in this Certificate, the Certificate Registrar shall require delivery
to it, and shall not register the Transfer of this Certificate until its receipt
of, an affidavit and agreement substantially in the form attached as Exhibit H-1
to the Agreement (a "Transfer Affidavit and Agreement") from the proposed
Transferee, representing and warranting, among other things, that such
Transferee is a Permitted Transferee, that it is not acquiring its Ownership
Interest in this Certificate as a nominee, trustee or agent for any Person that
is not a Permitted Transferee, that for so long as it retains its Ownership
Interest in this Certificate, it will endeavor to remain a Permitted Transferee,
and that it has reviewed the provisions of Section 5.02(d) of the Agreement and
agrees to be bound by them. Notwithstanding the delivery of a Transfer Affidavit
and Agreement by a proposed Transferee, if a Responsible Officer of either the
Certificate Registrar or Trustee has actual knowledge that the proposed
Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest
in this Certificate to such proposed Transferee shall be effected. In connection
therewith, the Certificate Registrar shall not register the transfer of an
Ownership Interest in this Certificate to any entity classified as a partnership
under the Code unless at the time of transfer, all of its beneficial owners are
United States Tax Persons (as defined below).

            Each Person holding or acquiring any Ownership Interest in this
Certificate shall agree (x) to require a Transfer Affidavit and Agreement from
any other Person to whom such Person attempts to transfer its Ownership Interest
herein and (y) not to transfer its Ownership Interest herein unless it provides
to the Certificate Registrar a certificate substantially in the form attached as
Exhibit H-2 to the Agreement stating that, among other things, it has no actual
knowledge that such other Person is not a Permitted Transferee. Each Person
holding or acquiring an Ownership Interest in this Certificate, by purchasing
such Ownership Interest herein, agrees to give the Trustee written notice that
it is a "pass-through interest holder" within the meaning of temporary Treasury
Regulation Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring such Ownership
Interest, if it is, or is holding such Ownership Interest on behalf of, a
"pass-through interest holder".

            The provisions of Section 5.02(d) of the Agreement may be modified,
added to or eliminated, provided that there shall have been delivered to the
Trustee the following: (a) written confirmation from each Rating Agency to the
effect that the modification of, addition to or elimination of such provisions
will not result in an Adverse Rating Event with respect to any Class of Rated
Certificates; and (b) an Opinion of Counsel, in form and substance satisfactory
to the Certificate Registrar, to the effect that such modification of, addition
to or elimination of such provisions will not cause either Trust REMIC to cease
to qualify as a REMIC or be subject to an entity-level tax caused by the
Transfer of a Class [R] [LR] Certificate to a Person that is not a Permitted
Transferee, or cause a Person other than the prospective Transferee to be
subject to a REMIC-related tax caused by the Transfer of a Class [R] [LR]
Certificate to a Person that is not a Permitted Transferee.

            A "Permitted Transferee" is any Transferee of a Class [R] [L]R
Certificate other than a Disqualified Organization (as defined below), a
Non-United States Tax Person (as defined below) or a foreign permanent
establishment or fixed base (each within the meaning of the applicable income
tax treaty) of a United States Tax Person (as defined below); provided, however,
that if a Transferee is classified as a partnership under the Code, such
Transferee shall only be a Permitted Transferee if all of its direct or indirect
(except through a U.S. corporation) beneficial owners are (and must be, under
the applicable partnership agreement) United States Tax Persons and the
governing documents of the Transferee prohibit a transfer of any interest in the
Transferee to any Non-United States Tax Person.

            A "Disqualified Organization" is any of (i) the United States or a
possession thereof, any State or any political subdivision thereof, or any
agency or instrumentality of any of the foregoing (other than an instrumentality
which is a corporation if all of its activities are subject to tax and, except
for Freddie Mac, a majority of its board of directors is not selected by any
such governmental unit), (ii) a foreign government, international organization,
or any agency or instrumentality of either of the foregoing, (iii) any
organization (other than certain farmers' cooperatives described in Section 521
of the Code) which is exempt from the tax imposed by Chapter 1 of the Code
(unless such organization is subject to the tax imposed by Section 511 of the
Code on unrelated business taxable income), (iv) rural electric and telephone
cooperatives described in Section 1381 of the Code or (v) any other Person so
designated by the Trustee, based upon an Opinion of Counsel delivered to the
Trustee to the effect that the holding of an Ownership Interest in a Class [R]
[LR] Certificate by such Person may cause (A) either of the Lower-Tier REMIC or
the Upper-Tier REMIC to fail to qualify as a REMIC or (B) the Trust 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 Class [R] [LR] 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.

            A "Non-United States Tax Person," is any Person other than a United
States Tax Person. A "United States Tax Person" is a citizen or resident of the
United States, a corporation, partnership (except to the extent provided in
applicable Treasury Regulations), or other entity (including any entity treated
as a corporation or partnership for federal income tax purposes) created or
organized in, or under the laws of, the United States, any State thereof or the
District of Columbia, or an estate whose income from sources outside the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States, 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 United States Tax Persons have the authority to control all substantial
decisions of the trust, all within the meaning of Section 7701(a)(30) of the
Code (including certain trusts in existence on August 20, 1996 that are eligible
to elect to be treated as United States Tax Persons).

            If a Person is acquiring this Certificate as a fiduciary or agent
for one or more accounts, such Person shall be required to deliver to the
Certificate Registrar a certification to the effect that, and such other
evidence as may be reasonably required by the Trustee to confirm that, it has
(i) sole investment discretion with respect to each such account and (ii) full
power to make the acknowledgments, representations, warranties, certifications
and/or agreements with respect to each such account described above in this
Certificate.

            As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar, duly endorsed by, or
accompanied by a written instrument of transfer in the form satisfactory to the
Certificate Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.

            No service charge will be imposed for any registration of transfer
or exchange of this Certificate, but the Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any transfer or exchange of this
Certificate.

            The Depositor, the Master Servicer, the Special Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Master
Servicer, the Special Servicer, the Trustee or the Certificate Registrar may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Certificate Registrar or any such agent shall
be affected by notice to the contrary.

            Subject to certain terms and conditions set forth in the Agreement,
the Trust Fund and the obligations created by the Agreement shall terminate upon
distribution (or provision for distribution) to the Certificateholders of all
amounts held by or on behalf of the Trustee and required to be distributed to
them pursuant to the Agreement following the earlier of (i) the final payment or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in the Trust Fund, (ii) the purchase by any
single Controlling Class Certificateholder or group of Controlling Class
Certificateholders with a majority interest in the Controlling Class, the Master
Servicer or the Special Servicer, in that order of preference, at a price
determined as provided in the Agreement, of all the Mortgage Loans and each REO
Property remaining in the Trust Fund and (iii) the acquisition by the Sole
Certificateholder(s) of all the Mortgage Loans and each REO Property remaining
in the Trust Fund in exchange for all of the Certificates. The Agreement
permits, but does not require any single Controlling Class Certificateholder or
group of Controlling Class Certificateholders with a majority interest in the
Controlling Class, the Master Servicer or the Special Servicer to purchase from
the Trust Fund all the Mortgage Loans and each REO Property remaining therein.
The exercise of such right may effect early retirement of the Certificates;
however, such right to purchase is subject to the aggregate Stated Principal
Balance of the Mortgage Pool at the time of purchase being less than 1.0% of the
Initial Pool Balance.

            The 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 and the Trustee and the
rights of the Certificateholders under the Agreement at any time by the
Depositor, the Master Servicer, the Special Servicer and the Trustee with the
consent of the Holders of Certificates entitled to not less than 51% of the
Voting Rights allocated to all of the Classes materially affected by the
amendment. 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 Agreement also permits the amendment thereof, in
certain limited circumstances, including any amendment necessary to maintain the
status of each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC,
without the consent of the Holders of any of the Certificates.

            Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

            The registered Holder hereof, by its acceptance hereof, agrees that
it will look solely to the Trust Fund (to the extent of its rights therein) for
distributions hereunder.

            This Certificate shall be construed in accordance with the laws of
the State of New York applicable to agreements negotiated, made and to be
performed entirely in said State, and the obligations, rights and remedies of
the Holder hereof shall be determined in accordance with such laws.

<PAGE>

            IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Authorized Representative

                          CERTIFICATE OF AUTHENTICATION

            This is one of the Class [R][LR] Certificates referred to in the
within-mentioned Agreement.

Dated:      March 16, 2007

                                        WELLS FARGO BANK, N.A.
                                            as Certificate Registrar

                                        By: ____________________________________
                                            Authorized Representative

<PAGE>

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s), and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(please print or typewrite name and address including postal zip code of
assignee)

the beneficial ownership interest in the Trust Fund evidenced by the within
Mortgage Pass-Through Certificate and hereby authorize(s) the registration of
transfer of such interest to assignee on the Certificate Register of the Trust
Fund.

            I (we) further direct the Certificate Registrar to issue a new
Mortgage Pass-Through Certificate of a like Percentage Interest and Class to the
above named assignee and deliver such Mortgage Pass-Through Certificate to the
following address:______________________________________________________________
________________________________________________________________________________

Dated:

                                        ________________________________________
                                        Signature by or on behalf of Assignor

                                        ________________________________________
                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

            The Assignee should include the following for purposes of
distribution:

            Distributions shall, if permitted, be made by wire transfer or
otherwise, in immediately available funds, to __________________________________
_________________________ for the account of ___________________________________
____________________________________________________________.

            Distributions made by check (such check to be made payable to
___________________________), and all applicable statements and notices should
be mailed to ___________________________________________________________________
_______________________________________________.

            This information is provided by ___________________________________,
the Assignee named above, or __________________________________________________,
as its agent.

<PAGE>

                                  EXHIBIT B-1A

                   SCHEDULE OF ORIGINAL COLUMN MORTGAGE LOANS

                             [See Attached Schedule]

<PAGE>

CSMC 2007-C1
Exhibit B-1A
March 16, 2007

<TABLE>
<CAPTION>
  #           Property Name
---           ------------------------------------------------------------------
<S>           <C>
  1           Savoy Park
  2           CVI Multifamily Apartment Portfolio
  3           Mansions at Steiner Ranch
  4           Mansions on the Green I
  5           Mansions at Canyon Creek
  6           Mansions on the Green II
  7           City Place
  8           HGA Portfolio
 10           Trident Center
 12           El Ad Florida Multifamily Portfolio
 13           717 North Harwood Street
 14           Conrad Indianapolis
 15           Pinnacle at Tutwiler
 17           20 S Clark
 18           Syracuse Office Portfolio
 20           Wellington Ridge
 21           The Shoreham Hotel
 23           Brentwood Downs
 24           Plymouth Corp. Center
 26           Promenade at Tutwiler Farm
 28           Blockbuster Warehouse
 29           Fairwinds Northpointe
 30           Fairwinds Sand Creek
 31           Marsh Creek Corporate Center
 33           1025 Old Country Road
 36           Memphis International Airport Center
 37           Spectra II - POOL 5
 38           Chandler Heights Marketplace
 44           Sabal Point
 45           Campbell Center
 47           Golden Cove
 50           Archdale Marketplace
 51           North Woods at the Four Seasons
 52           Island Club
 54           Players Club
 57           Olivera Crossing
 58           Lake Worth Gardens
 59           Chase Monroe
 61           Riverbend Apartments
 63           Rambling Oaks
 72           Bella on Broadway
 74           Parkwood II
 75           Cinnamon Ridge Apartments
 76           GHG Portfolio Buckhead
 77           Crescent Oaks Apartments
 78           Forest Estates Apartments
 79           The Fountains
 80           Crowne Plaza Harrisburg
 81           Eastway Crossing
 82           Glendale Thunderbird Plaza
 83           Arrowood Crossing
 84           Radisson Fort Worth
 86           Hampton Inn Riverplace
 88           700 Longwater Drive
 89           Loudoun Tech Center I
 91           Hilton Garden Inn Layton
 92           Springhill Suites Mooresville
 93           North Leg Plaza
 94           Southgate Shopping Center
 95           Westgate Shopping Center
 96           The Shoppes at Twin Oaks
 98           Land of Lincoln Building
 99           Airport Industrial
100           Slater Office Building
102           Holiday Inn Express Hotel & Suites Woodway
106           Shades Creek Office Building
108           Odyssey North
109           Central Park Shopping Center
110           Holiday Inn Express Kennesaw
111           Woodmark at Steel Lake
113           Oakview Apts & Ballard Plaza Combined
116           Greentree Apartments
117           National Parkway
118           Woodlands of Plano Apartments
119           Scriber Gardens
120           Avenue Shoppes
121           El Toreador
123           Twin Oaks Industrial Center
124           Scott Village Shopping Center
125           Sherwood Apartments
127           Morgan Estates
128           4550 Lena Drive
129           Timmaron Apartments
132           Holiday Inn Express Bessemer
133           500 North Pulaski
134           Spectrum Plaza Shopping Center
135           EPS Building
138           Hampton Inn Janesville
139           Waddell Plaza
140           College Park Plaza
142           Carrollwood Oaks SC
143           La Mirage Retail
145           1025 Ocean Ave Apartments
146           Radio Drive Professional Building
147           Secured Self Storage
148           Miramar Center
149           Oak Ridge Center
150           801 Tilton Road
151           Denison Park Apartments
152           Plantation Warehouse
154           Benton Park Shopping Center
156           Whispering Timbers
157           Ryan Place Apartments
158           Palm Gardens
159           Range Vista
160           Best Western Villa Del Lago Inn
161           Florence Plaza
162           CVS--Naples FL
163           Best Western Hotel & Suites Sebastian
165           White House Shops
166           Lancaster K-8 Avenue Industrial
169           Westminster Park Building
170           Pierce Community Bank Building
171           Franklin Apartments
172           Vernon Apartments
173           Amberley House
174           Plantation Plaza
177           Federal Express Bakersfield
178           San Dimas Retail
179           I-Loft
180           37th Street
181           Harvest Plaza Phase II
182           The Dale Building
184           Encino Shoppes, LLC
185           Quail Northwest
186           Lakewood Country Club Center
187           McMinnville Town Center
189           90 Good Drive
190           Madison Boulevard Service Center
191           Hampton Inn Wilkesboro
193           Wick Lane Shopping Center
194           Wake Forest Eatery
195           80 Windward Ave
196           Palm Harbor Professional Center
197           Centre Green Square at Whitehall
198           Arbors Apartments
199           Trinity Oaks
201           A&B Self Storage
202           4000 Aerial Center
203           Summerfield Village
205           Lakeview Self Storage
208           CVS New Port Richey
210           Deer Valley Industrial
211           Worthington Apartments
213           Sleep Inn Phoenix
214           Town & Country Apartments
215           Cades Center
216           Harbour Bend Office
217           820 Sunland Park
218           Windward Plaza
219           Springwood Apts SC
220           Tabernacle Towers
221           U Store
222           GHG Perimeter Center
223           North Fork Crossing
224           7th & Orange Avenue
225           Palisades Retail
226           Custer Place
227           Saddle Rock Village Center
228           Twin Pines Apartments
229           2110 South Lamar Shopping Center
231           Rufe Snow Plaza
232           North Highland Shopping Center
233           Raceway Plaza
236           Security Storage Tuscaloosa
237           Meridian Retail
238           Las Haciendas Apartments
239           10703 J Street
240           Stewart Place
241           Harrington Woods MHP
242           48-19 Vernon Boulevard
243           Sagemont Plaza
244           Worthington Professional Building
245           South Shore Center
246           1021 National Road
248           Westside Market Place
249           Sienna Gardens Office
250           Cedar Park Crossing
251           Market Place Shopping Center

<CAPTION>
  #   Address
---   ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>
  1   45 West 139th Street
  2   Various
  3   4500 Steiner Ranch Boulevard
  4   7711 O'Connor Drive
  5   9009 North FM 620
  6   7720 O'Connor Drive
  7   700 South Rosemary Avenue
  8   Various
 10   11355-11377 Olympic Boulevard
 12   Various
 13   717 North Harwood Street
 14   50 West Washington Street
 15   5006-5078 Tutwiler Farms Road
 17   20 South Clark Street
 18   Various
 20   3789 Lawrenceville Highway
 21   33 West 55th Street
 23   500 Pleasant Hill Road
 24   625 West Ridge Pike
 26   1600-1654 Gadsden Highway
 28   3000 Redbud Boulevard
 29   520 East Holland Avenue
 30   3310 Valencia Drive
 31   1,15,35,55,75 East Uwchlan Avenue and 91 Sheree Boulevard
 33   1025 Old Country Road
 36   3500 & 3560 Air Center Cove, 3300 Jet Cove, 3474,3510,3570 & 3644 Winchester Road, 3422 Prescott Boulevard and 3677 Miac Drive
 37   Various
 38   4850-4990 South Gilbert Road
 44   12512 Sabal Point Drive
 45   2955 Keith Street Northwest
 47   31098, 31100-31250 Hawthorne Boulevard
 50   5801 - 6025 South Boulevard
 51   64 Four Seasons Road
 52   7938 Island Club Drive
 54   1100 Players Court
 57   3375 Port Chicago Highway
 58   3927 Hadjes Drive
 59   2163 Commerce Drive
 61   100 Riverbend Drive
 63   Various
 72   436 Broadway
 74   10055 Grogan's Mill Road
 75   6565 Spencer Highway
 76   Various
 77   6718 De Moss Drive
 78   9655 Chimney Hill Lane
 79   Various
 80   23 South 2nd Street
 81   3704-3122 Eastway Drive
 82   Northeast Corner of Thunderbird Road and 59th Avenue
 83   2109 Arrowcreek Drive
 84   2540 Meachum Boulevard
 86   171 Riverplace
 88   700 Longwater Drive
 89   21251 Ridgetop Circle
 91   762 Heritage Park Boulevard
 92   121 Gateway Boulevard
 93   3246 Wrightsboro Road
 94   317 South Slappey Boulevard
 95   125 North Virginia Avenue
 96   3601, 3626, 3641 Cox Road
 98   325 West Adams Street
 99   2563 Airport Industrial Drive
100   10101 Slater Avenue
102   6808 Woodway Drive
106   820 Shades Creek Parkway
108   731 South Pear Orchard Road
109   1754 Central Park and 5135 Times Square Plaza
110   2485 George Busbee Parkway
111   31200 23rd Avenue South
113   Various
116   6200 Airport Boulevard
117   1026-1100 National Parkway
118   1370 Rigsbee Road
119   6024 200th Street Southwest
120   8204 Crystal Clear Lane
121   601-637 East San Ysidro Boulevard
123   800-810 Twin Oaks Valley Road
124   1745 Church Street
125   3030 Northeast 143rd Street
127   4588 Morgan View Road
128   4550 Lena Drive
129   9850 Whitehurst Drive
132   5001 Academy Lane
133   500 North Pulaski Road
134   23221 Aldine Westfield Road
135   1457 Scott Boulevard
138   2400 Fulton Street
139   6290 University Drive
140   3269 West 86th Street
142   11111 North Dale Mabry Highway
143   29563 Northwestern Highway
145   1025 Ocean Avenue
146   1000 Radio Drive
147   24789 US Highway 27
148   6590-6598 Miramar Road
149   333 Main Street
150   801 Tilton Road
151   2235-2317 Forestdale Avenue and 3783-3785 West 22nd Street
152   1400 Northwest 65th Avenue
154   2505-2611 South H Street
156   6325 Garden Road
157   179-320 Dale Drive and 1632-1638 Main Street
158   1803 Park Center Drive
159   8300 North Alcott Street
160   2959 Speno Drive
161   1910 West Evans Street
162   4890 Tamiami Trail East
163   1655 U.S. Highway 1
165   520 State Route 76
166   229-249 East Avenue K-8
169   38-68 Amaral Street
170   405-413 29th Street Northeast
171   809 and 911 South Franklin Avenue
172   302 West Vernon Avenue
173   3501 Section Road
174   4331-4347 Gunn Highway
177   3105 Gateway Avenue
178   702-762 West Arrow Highway
179   5310 South Alston Avenue
180   331-347 37th Street
181   8800 Harvest Oaks Drive
182   1504 Santa Rosa Road
184   17301 Ventura Boulevard
185   6148, 6152 and 6170 Mae Anne Avenue
186   3215-3225 Carson Street
187   1421 - 1691 Northeast Highway 99 West
189   90 Good Drive
190   8075 and 8097 Madison Boulevard
191   1300 Collegiate Drive
193   12426 Memorial Drive
194   2101 South Main Street
195   80 Winward Avenue
196   35111 US Highway 19 North
197   3607 Whitehall Park Drive
198   1533 Arbors Lane
199   9945 Trinity Boulevard
201   816 Highway 231
202   4000-4020 Aerial Center Parkway
203   4446 US Highway 220
205   612 32nd Street South
208   5432 US Highway 19 North
210   23005 North 15th Avenue
211   100-200 Laura Lane
213   18235 North 27th Avenue
214   2111 Thompson Road
215   1401 West Reelfoot Avenue
216   2917 West SR 434
217   820 Sunland Park Drive
218   5315 Windward Parkway
219   410 Sulphur Springs Road
220   249 East Tabernacle Street
221   6100 Leon Circle
222   6280 Peachtree Dunwoody Road
223   2555-2567 North Road
224   1150-1164 East 7th Street
225   15244-15248 West Sunset Boulevard
226   2024 West 15th Street
227   22880 East Smoky Hill Road
228   12411 8th Avenue
229   2110 South Lamar Boulevard
231   5600 Rufe Snow Drive
232   200 North Highland Avenue
233   10665-10667 East US Highway 36
236   4150 Walton Avenue
237   1217 South Frontage Road
238   515 North O'Connor
239   10703 J Street
240   831-841 South Range Line Road
241   April Lane at Dawns Way
242   48-19 Vernon Boulevard
243   11504 Hughes Road
244   748-750 Old Main Street
245   3020 Marina Bay Drive
246   1021 National Road
248   1925 North Street/Highway 33
249   10799 West Twain Avenue
250   1625 North Bell Boulevard
251   7536 Woodrow Street

<CAPTION>
                                          Zip       Mortgage       Original          Cut-off           Remaining
  #   City                      State     Code      Rate (%)       Balance ($)       Balance ($)       Term
---   -----------------------   -------   -------   -----------    ---------------   ---------------   ---------
<S>   <C>                       <C>       <C>       <C>            <C>               <C>               <C>
  1   New York                  NY          10037         6.135%   $210,000,000.00   $210,000,000.00          82
  2   Various                   Various   Various   6.098686511%   $179,784,800.00   $179,784,800.00          56
  3   Austin                    TX          78732         5.770%    $61,727,334.00    $61,727,334.00         118
  4   Round Rock                TX          78681         5.770%    $37,226,506.00    $37,226,506.00         118
  5   Austin                    TX          78726         5.770%    $35,376,585.00    $35,376,585.00         118
  6   Round Rock                TX          78681         5.770%    $25,669,575.00    $25,669,575.00         118
  7   West Palm Beach           FL          33401         6.270%   $150,000,000.00   $150,000,000.00         115
  8   Various                   Various   Various         5.085%   $123,300,000.00   $123,300,000.00         116
 10   Los Angeles               CA          90064         5.299%   $101,850,000.00   $101,850,000.00         119
 12   Various                   FL        Various         5.650%    $79,200,000.00    $79,200,000.00         118
 13   Dallas                    TX          75201         6.316%    $64,000,000.00    $64,000,000.00          52
 14   Indianapolis              IN          46204         5.800%    $55,000,000.00    $55,000,000.00         117
 15   Trussville                AL          35173         5.642%    $48,515,172.00    $48,515,172.00         117
 17   Chicago                   IL          60603         5.510%    $40,500,000.00    $40,500,000.00         119
 18   Syracuse                  NY        Various         5.710%    $38,800,000.00    $38,800,000.00         119
 20   Lawrenceville             GA          30044         5.655%    $36,000,000.00    $36,000,000.00         118
 21   New York                  NY          10019         6.090%    $35,000,000.00    $35,000,000.00         116
 23   Lilburn                   GA          30047         5.655%    $33,200,000.00    $33,200,000.00         118
 24   Conshohocken              PA          19428         5.760%    $31,692,500.00    $31,692,500.00         119
 26   Trussville                AL          35173         5.642%    $30,084,828.00    $30,084,828.00         117
 28   McKinney                  TX          75069         5.690%    $30,000,000.00    $29,870,980.96         118
 29   Spokane                   WA          99218         5.810%    $16,400,000.00    $16,400,000.00         117
 30   Idaho Falls               ID          83404         5.810%    $12,700,000.00    $12,700,000.00         117
 31   Exton                     PA          19341         5.650%    $28,400,000.00    $28,400,000.00         119
 33   Westbury                  NY          11590         5.630%    $27,000,000.00    $27,000,000.00         118
 36   Memphis                   TN          38109         6.220%    $24,900,000.00    $24,900,000.00          58
 37   Various                   Various   Various         5.650%    $24,140,000.00    $24,140,000.00         118
 38   Chandler                  AZ          85249         5.460%    $23,446,000.00    $23,446,000.00         118
 44   Pineville                 NC          28134         5.655%    $19,480,000.00    $19,480,000.00         118
 45   Cleveland                 TN          37312         6.280%    $19,000,000.00    $18,894,211.16         116
 47   Rancho Palos Verdes       CA          90275         5.685%    $16,500,000.00    $16,500,000.00         118
 50   Charlotte                 NC          28217         5.650%    $14,600,000.00    $14,600,000.00         117
 51   Charlottesville           VA          22901         5.940%    $14,500,000.00    $14,500,000.00         117
 52   Indianapolis              IN          46214         5.655%    $14,360,000.00    $14,360,000.00         118
 54   Nashville                 TN          37211         5.655%    $13,800,000.00    $13,800,000.00         118
 57   Concord                   CA          94520         5.540%    $13,500,000.00    $13,500,000.00         117
 58   Lake Worth                FL          33467         6.680%    $13,545,000.00    $13,440,623.91         114
 59   Monroe                    NC          28110         5.655%    $13,400,000.00    $13,400,000.00         118
 61   West Columbia             SC          29169         6.450%    $13,400,000.00    $13,307,744.61         112
 63   Various                   OK        Various         6.700%    $12,900,000.00    $12,900,000.00         119
 72   Tacoma                    WA          98402         5.950%    $11,700,000.00    $11,674,502.28         118
 74   The Woodlands             TX          77380         5.640%    $11,487,000.00    $11,487,000.00         118
 75   Pasadena                  TX          77505         5.700%    $11,300,000.00    $11,300,000.00         118
 76   Atlanta                   GA          30324         6.060%    $11,280,000.00    $11,280,000.00         116
 77   Houston                   TX          77074         5.760%    $11,175,000.00    $11,175,000.00         117
 78   Dallas                    TX          75243         6.020%    $11,170,000.00    $11,170,000.00          99
 79   Various                   IL        Various         6.750%    $11,000,000.00    $11,000,000.00         117
 80   Harrisburg                PA          17101         6.060%    $10,200,000.00    $10,169,055.66         118
 81   Charlotte                 NC          28205         6.100%     $9,900,000.00     $9,900,000.00         119
 82   Glendale                  AZ          85306         5.650%     $9,763,500.00     $9,763,500.00         118
 83   Charlotte                 NC          28273         5.655%     $9,720,000.00     $9,720,000.00         118
 84   Fort Worth                TX          76106         5.820%     $9,575,000.00     $9,545,288.25         119
 86   Greenville                SC          29601         6.170%     $9,300,000.00     $9,280,448.35         115
 88   Norwell                   MA          02061         6.050%     $8,650,000.00     $8,650,000.00         117
 89   Sterling                  VA          20166         5.550%     $8,500,000.00     $8,500,000.00         120
 91   Layton                    UT          84041         5.880%     $8,315,000.00     $8,296,670.48         118
 92   Mooresville               NC          28117         5.930%     $8,300,000.00     $8,274,370.08         118
 93   Augusta                   GA          30909         6.420%     $4,460,000.00     $4,435,925.42         114
 94   Albany                    GA          31701         6.420%     $3,200,000.00     $3,182,726.76         114
 95   Tifton                    GA          31794         6.420%       $620,000.00       $616,653.30         114
 96   Richmond                  VA          23233         5.650%     $8,200,000.00     $8,200,000.00         118
 98   Springfield               IL          62704         6.000%     $8,000,000.00     $7,976,011.57         117
 99   Ball Ground               GA          30107         6.150%     $8,000,000.00     $7,968,832.56          80
100   Fountain Valley           CA          92708         5.870%     $7,908,000.00     $7,908,000.00         119
102   Waco                      TX          76712         5.900%     $7,700,000.00     $7,676,125.56         118
106   Birmingham                AL          35209         5.650%     $7,400,000.00     $7,400,000.00         117
108   Ridgeland                 MS          39157         5.580%     $7,150,000.00     $7,150,000.00         119
109   Okemos                    MI          48864         5.850%     $6,975,000.00     $6,975,000.00         118
110   Kennesaw                  GA          30144         5.960%     $7,000,000.00     $6,965,741.68         115
111   Federal Way               WA          98003         6.620%     $7,000,000.00     $6,954,962.35         115
113   Huxley                    IA          50124         6.010%     $6,800,000.00     $6,800,000.00         116
116   Mobile                    AL          36608         5.990%     $6,500,000.00     $6,500,000.00          54
117   Schaumburg                IL          60173         5.810%     $6,400,000.00     $6,400,000.00         108
118   Plano                     TX          75074         5.970%     $6,250,000.00     $6,250,000.00          56
119   Lynnwood                  WA          98036         6.040%     $6,200,000.00     $6,200,000.00         116
120   Orlando                   FL          32809         5.850%     $6,120,000.00     $6,120,000.00         115
121   San Ysidro                CA          92173         5.550%     $6,100,000.00     $6,100,000.00         117
123   San Marcos                CA          92069         5.800%     $6,050,000.00     $6,050,000.00         118
124   Decatur                   GA          30033         6.500%     $5,925,000.00     $5,889,107.39         113
125   Seattle                   WA          98125         5.580%     $5,750,000.00     $5,750,000.00         118
127   Geneseo                   NY          14454         6.850%     $5,750,000.00     $5,734,336.34         118
128   Mechanicsburg             PA          17055         5.580%     $5,720,000.00     $5,706,756.04         119
129   Dallas                    TX          75243         6.413%     $5,565,125.00     $5,565,125.00         115
132   Bessemer                  AL          35022         6.300%     $5,200,000.00     $5,164,750.34         115
133   Chicago                   IL          60624         6.320%     $5,100,000.00     $5,100,000.00         114
134   Spring                    TX          77373         5.790%     $5,100,000.00     $5,100,000.00         118
135   Decatur                   GA          30030         5.900%     $5,100,000.00     $5,100,000.00         118
138   Janesville                WI          53546         6.250%     $5,000,000.00     $4,972,031.86         116
139   Huntsville                AL          35806         5.780%     $4,920,000.00     $4,920,000.00         118
140   Indianapolis              IN          46268         5.880%     $4,900,000.00     $4,900,000.00         119
142   Tampa                     FL          33618         5.820%     $4,629,000.00     $4,629,000.00         119
143   Southfield                MI          48034         6.070%     $4,600,000.00     $4,600,000.00         116
145   Santa Monica              CA          90403         5.630%     $4,535,000.00     $4,535,000.00         118
146   Woodbury                  MN          55125         5.760%     $4,425,000.00     $4,425,000.00         117
147   Lake Wales                FL          33859         6.020%     $4,400,000.00     $4,390,520.24         118
148   San Diego                 CA          92121         5.620%     $4,350,000.00     $4,350,000.00         119
149   Oak Ridge                 TN          37830         5.934%     $4,320,000.00     $4,320,000.00         117
150   Northfield                NJ          08225         5.990%     $4,300,000.00     $4,290,690.15         118
151   Cleveland                 OH          44109         5.850%     $4,200,000.00     $4,200,000.00         117
152   Plantation                FL          33313         6.030%     $4,200,000.00     $4,200,000.00         119
154   Bakersfield               CA          93304         6.020%     $4,200,000.00     $4,190,951.15         118
156   Maumee                    OH          43537         6.090%     $4,160,000.00     $4,147,738.81         117
157   Kent                      OH          44240         6.000%     $4,050,000.00     $4,050,000.00         113
158   Orlando                   FL          32835         5.910%     $4,041,000.00     $4,041,000.00         115
159   Westminster               CO          80031         5.750%     $4,000,000.00     $4,000,000.00         118
160   Patterson                 CA          95363         6.293%     $4,000,000.00     $3,994,837.31         119
161   Florence                  SC          29501         6.200%     $4,000,000.00     $3,991,631.77         117
162   Naples                    FL          34112         5.800%     $4,000,000.00     $3,991,066.23         119
163   Sebastian                 FL          32958         6.050%     $4,000,000.00     $3,987,848.42         118
165   White House               TN          37188         5.800%     $4,000,000.00     $3,987,540.61         117
166   Lancaster                 CA          93535         5.990%     $3,950,000.00     $3,950,000.00         117
169   East Providence           RI          02915         5.920%     $3,700,000.00     $3,691,896.96         118
170   Puyallup                  WA          98372         5.900%     $3,600,000.00     $3,600,000.00         119
171   Normal                    IL          61761         5.770%     $1,529,000.00     $1,529,000.00         117
172   Normal                    IL          61761         5.770%     $2,056,900.00     $2,056,900.00         117
173   Cincinnati                OH          45237         5.780%     $3,500,000.00     $3,500,000.00         119
174   Tampa                     FL          33618         5.960%     $3,500,000.00     $3,492,384.95         118
177   Bakersfield               CA          93307         6.265%     $3,338,000.00     $3,331,090.38         118
178   San Dimas                 CA          91773         5.870%     $3,300,000.00     $3,300,000.00         118
179   Durham                    NC          27713         5.630%     $3,250,000.00     $3,250,000.00         118
180   Brooklyn                  NY          11232         6.650%     $3,250,000.00     $3,243,681.11         118
181   Raleigh                   NC          27615         5.870%     $3,200,000.00     $3,200,000.00         119
182   Richmond                  VA          23229         6.180%     $3,200,000.00     $3,200,000.00         113
184   Encino                    CA          91316         5.880%     $3,125,000.00     $3,118,111.28         118
185   Reno                      NV          89523         5.680%     $3,100,000.00     $3,100,000.00         119
186   Lakewood                  CA          90712         6.165%     $3,100,000.00     $3,087,957.22         115
187   McMinnville               OR          97128         6.050%     $3,050,000.00     $3,040,941.36         117
189   East Hempfield Township   PA          17603         5.950%     $3,000,000.00     $2,993,462.13         118
190   Madison                   AL          35758         5.790%     $3,000,000.00     $2,990,637.73         117
191   Wilkesboro                NC          28697         5.730%     $3,000,000.00     $2,978,367.21         118
193   Houston                   TX          77024         5.950%     $2,900,000.00     $2,891,220.87         117
194   Wake Forest               NC          27587         5.750%     $2,800,000.00     $2,796,182.18         119
195   Venice                    CA          90291         5.850%     $2,700,000.00     $2,700,000.00         117
196   Palm Harbor               FL          34684         5.830%     $2,700,000.00     $2,700,000.00         118
197   Charlotte                 NC          28273         5.950%     $2,700,000.00     $2,696,393.83         119
198   Bloomington               IN          47401         5.630%     $2,700,000.00     $2,691,315.21         117
199   Trinity                   FL          34655         6.020%     $2,650,000.00     $2,650,000.00         119
201   Troy                      AL          36081         5.870%     $2,550,000.00     $2,542,061.19         119
202   Cary                      NC          27560         5.790%     $2,500,000.00     $2,500,000.00         119
203   Summerfield               NC          27358         5.850%     $2,500,000.00     $2,500,000.00         118
205   Birmingham                AL          35233         6.250%     $2,480,000.00     $2,468,558.52         115
208   New Port Richey           FL          34652         5.720%     $2,440,000.00     $2,434,478.55         119
210   Phoenix                   AZ          85027         5.670%     $2,400,000.00     $2,392,338.21         117
211   Rocky Hill                CT          06067         5.870%     $2,320,000.00     $2,314,877.44         118
213   Phoenix                   AZ          85053         6.024%     $2,200,000.00     $2,193,292.93         119
214   Richmond                  TX          77469         6.400%     $2,200,000.00     $2,191,830.84          57
215   Union City                TN          38261         6.000%     $2,100,000.00     $2,097,209.44         119
216   Longwood                  FL          32779         5.950%     $2,100,000.00     $2,095,423.50         118
217   El Paso                   TX          79912         5.790%     $2,000,000.00     $2,000,000.00         118
218   Alpharetta                GA          30004         5.880%     $2,000,000.00     $2,000,000.00         118
219   Greenville                SC          29617         5.900%     $2,000,000.00     $1,997,315.05         119
220   St. George                UT          84770         6.670%     $1,934,000.00     $1,922,703.94         113
221   Little Rock               AR          72209         5.830%     $1,920,000.00     $1,915,732.78         118
222   Atlanta                   GA          30328         6.160%     $1,900,000.00     $1,892,611.87         116
223   Orangeburg                SC          29118         6.330%     $1,880,000.00     $1,880,000.00         116
224   Long Beach                CA          90813         5.960%     $1,825,000.00     $1,821,029.29         118
225   Pacific Palisades         CA          90272         5.790%     $1,825,000.00     $1,820,917.30         118
226   Plano                     TX          75075         5.700%     $1,742,000.00     $1,742,000.00         119
227   Aurora                    CO          80016         5.880%     $1,700,000.00     $1,694,784.57         117
228   Spokane                   WA          99216         5.880%     $1,615,000.00     $1,615,000.00         118
229   Austin                    TX          78704         6.400%     $1,600,000.00     $1,590,099.00         113
231   North Richland Hills      TX          76180         5.815%     $1,550,000.00     $1,546,546.66         119
232   Baltimore                 MD          21224         6.110%     $1,500,000.00     $1,493,587.90         117
233   Avon                      IN          46123         6.050%     $1,472,000.00     $1,472,000.00         118
236   Tuscaloosa                AL          35405         6.250%     $1,400,000.00     $1,395,998.46         117
237   Meridian                  MS          39301         5.890%     $1,395,000.00     $1,395,000.00         117
238   Irving                    TX          75061         6.180%     $1,400,000.00     $1,394,576.94         116
239   Omaha                     NE          68127         6.500%     $1,300,000.00     $1,300,000.00         113
240   Carmel                    IN          46032         6.010%     $1,295,000.00     $1,291,044.44         118
241   Acworth                   GA          30102         5.840%     $1,270,000.00     $1,266,074.07         117
242   Long Island City          NY          11101         6.520%     $1,225,000.00     $1,222,567.44         118
243   Houston                   TX          77089         6.450%     $1,220,000.00     $1,215,513.33          56
244   Rocky Hill                CT          06067         5.970%     $1,180,000.00     $1,177,436.84         118
245   League City               TX          77573         5.770%     $1,150,000.00     $1,150,000.00         118
246   Wheeling                  WV          26003         6.330%     $1,117,000.00     $1,117,000.00         115
248   Newman                    CA          95360         5.800%     $1,050,000.00     $1,048,575.76         119
249   Las Vegas                 NV          89135         6.080%     $1,000,000.00       $997,046.94         118
250   Cedar Park                TX          78613         6.000%     $1,000,000.00       $995,990.91         116
251   Irmo                      SC          29063         6.390%       $600,000.00       $599,232.89         119

<CAPTION>
                                Original
      Maturity                  Amort.          Remaining       Monthly         Units/
  #   Date         ARD Date     Term            Amortization    Payment ($)     Rooms     Square Ft.
---   ----------   ----------   -------------   -------------   -------------   -------   ----------
<S>   <C>          <C>          <C>             <C>             <C>             <C>       <C>
  1   1/11/2014    N/A          Interest Only   Interest Only   $1,088,616.72     1,959        2,005
  2   11/11/2011   N/A          Interest Only   Interest Only     $926,399.69   Various      Various
  3   1/11/2017    N/A          Interest Only   Interest Only     $300,927.90     2,001          N/A
  4   1/11/2017    N/A          Interest Only   Interest Only     $181,483.53     2,000          N/A
  5   1/11/2017    N/A          Interest Only   Interest Only     $172,464.95     2,001          N/A
  6   1/11/2017    N/A          Interest Only   Interest Only     $125,142.15     2,001          N/A
  7   10/11/2016   N/A          Interest Only   Interest Only     $794,635.42     2,000          N/A
  8   11/11/2016   N/A          Interest Only   Interest Only     $529,740.47   Various      Various
 10   2/11/2017    N/A          Interest Only   Interest Only     $456,025.01     1,983        2,006
 12   1/11/2017    N/A          Interest Only   Interest Only     $378,079.17   Various          N/A
 13   7/11/2011    N/A          Interest Only   Interest Only     $341,509.04     1,980        2,005
 14   12/11/2016   N/A                    360             360     $322,714.17     2,006          N/A
 15   12/11/2016   N/A          Interest Only   Interest Only     $231,270.25     2,006          N/A
 17   2/11/2017    N/A          Interest Only   Interest Only     $188,545.31     1,970        2,006
 18   2/11/2017    N/A          Interest Only   Interest Only     $187,187.55   Various        2,001
 20   1/11/2017    N/A          Interest Only   Interest Only     $172,006.25     1,996          N/A
 21   11/11/2016   N/A                    360             360     $211,872.15     1,913        2,005
 23   1/11/2017    N/A          Interest Only   Interest Only     $158,627.99     1,998        2,006
 24   2/11/2017    N/A                    360             360     $185,150.21     1,984        2,006
 26   12/11/2016   N/A          Interest Only   Interest Only     $143,413.40     2,001          N/A
 28   1/11/2017    N/A                    252             250     $204,261.96     1,997          N/A
 29   12/11/2016   N/A                    360             360      $96,331.96     2,000          N/A
 30   12/11/2016   N/A                    360             360      $74,598.53     2,000          N/A
 31   2/11/2017    N/A                    360             360     $163,934.96     1,984        2,002
 33   1/11/2017    N/A                    360             360     $155,512.47     1,966        2,006
 36   1/11/2012    N/A          Interest Only   Interest Only     $130,857.57     1,988        2,000
 37   1/11/2017    N/A                    360             360     $139,344.72   Various          N/A
 38   1/11/2017    N/A          Interest Only   Interest Only     $108,160.96     2,006          N/A
 44   1/11/2017    N/A          Interest Only   Interest Only      $93,074.49     1,987        2,005
 45   11/11/2016   N/A                    300             296     $125,689.75     1,974        1,997
 47   1/11/2017    N/A                    360             360      $95,609.29     1,966        2,003
 50   12/11/2016   N/A                    360             360      $84,276.43     1,961        2,005
 51   12/11/2016   N/A          Interest Only   Interest Only      $72,771.88     1,969        2,001
 52   1/11/2017    N/A          Interest Only   Interest Only      $68,611.38     1,990        2,005
 54   1/11/2017    N/A          Interest Only   Interest Only      $65,935.73     1,987        2,005
 57   12/11/2016   N/A                    360             360      $76,990.66     1,960        2,005
 58   9/11/2016    N/A                    300             294      $92,986.11     1,984        2,004
 59   1/11/2017    N/A          Interest Only   Interest Only      $64,024.55     1,988        2,006
 61   7/11/2016    N/A                    360             352      $84,256.97     1,968        1,996
 63   2/11/2017    N/A                    360             360      $83,240.86   Various          N/A
 72   1/11/2017    N/A                    360             358      $69,771.75     2,006          N/A
 74   1/11/2017    N/A                    360             360      $66,234.48     1,994          N/A
 75   1/11/2017    N/A                    360             360      $65,585.25     1,979          N/A
 76   11/11/2016   N/A                    360             360      $68,065.04   Various          N/A
 77   12/11/2016   N/A                    360             360      $65,285.27     1,971          N/A
 78   6/11/2015    N/A                    360             360      $67,113.49     1,979        2,004
 79   12/11/2016   N/A                    360             360      $71,345.79   Various          N/A
 80   1/11/2017    N/A                    300             298      $66,093.35     1,964        2,001
 81   2/11/2017    N/A                    360             360      $59,993.48     1,961        2,006
 82   1/11/2017    N/A          Interest Only   Interest Only      $46,608.28     1,999          N/A
 83   1/11/2017    N/A          Interest Only   Interest Only      $46,441.69     1,988        2,006
 84   2/11/2017    N/A                    360             357      $56,303.61     1,985        2,006
 86   10/11/2016   N/A                    360             358      $56,778.69     2,006          N/A
 88   12/11/2016   N/A                    360             360      $52,139.51     1,985        1,997
 89   3/11/2017    N/A                    360             360      $48,529.05     2,001          N/A
 91   1/11/2017    N/A                    360             358      $49,212.94     2,004          N/A
 92   1/11/2017    N/A                    300             298      $53,122.42     2,006          N/A
 93   9/11/2016    N/A                    360             354      $27,955.99     1,987        1,997
 94   9/11/2016    N/A                    360             354      $20,058.11     1,968        2,004
 95   9/11/2016    N/A                    360             354       $3,886.26     1,980          N/A
 96   1/11/2017    N/A                    360             360      $47,333.33     2,006          N/A
 98   12/11/2016   N/A                    360             357      $47,964.04     1,962        2,002
 99   11/11/2013   N/A                    360             356      $48,738.25     1,993        1,998
100   2/11/2017    N/A                    360             360      $46,753.54     1,980        2,005
102   1/11/2017    N/A                    300             298      $49,141.59     2,003          N/A
106   12/11/2016   N/A                    360             360      $42,715.45     1,973        1,993
108   2/11/2017    N/A                    360             360      $40,956.52     1,986        2,003
109   1/11/2017    N/A                    360             360      $41,148.38     1,999        2,005
110   10/11/2016   N/A                    360             355      $41,788.69     1,989        2,004
111   10/11/2016   N/A                    300             295      $47,790.73     1,997        2,004
113   11/11/2016   N/A                    360             360      $40,813.16     1,975          N/A
116   9/11/2011    N/A                    360             360      $38,929.00     1,973        2,003
117   3/11/2016    N/A                    360             360      $37,592.96     1,975        2,002
118   11/11/2011   N/A          Interest Only   Interest Only      $31,525.61     1,966        2,004
119   11/11/2016   N/A                    360             360      $37,331.73     1,975        2,003
120   10/11/2016   N/A                    360             360      $36,104.39     1,988          N/A
121   12/11/2016   N/A          Interest Only   Interest Only      $28,604.34     1,953        1,996
123   1/11/2017    N/A                    360             360      $35,498.56     2,004          N/A
124   8/11/2016    N/A                    360             353      $37,450.03     1,978        2,005
125   1/11/2017    N/A          Interest Only   Interest Only      $27,108.85     1,960        1,998
127   1/11/2017    N/A                    300             298      $40,091.25     2,001          N/A
128   2/11/2017    N/A                    360             358      $32,765.22     2,000          N/A
129   10/11/2016   N/A                    360             360      $34,857.57     1,978        1,996
132   10/11/2016   N/A                    300             295      $34,463.70     2,002          N/A
133   9/11/2016    N/A                    360             360      $31,634.13     1,951        2,004
134   1/11/2017    N/A                    360             360      $29,891.93     1,986          N/A
135   1/11/2037    1/11/2017              360             360      $30,249.96     2,006          N/A
138   11/11/2016   N/A                    300             296      $32,983.47     1,992        2,004
139   1/11/2017    N/A                    360             360      $28,805.62     2,005          N/A
140   2/11/2017    N/A                    360             360      $29,001.01     1,992        2,004
142   2/11/2017    N/A                    360             360      $27,219.78     1,984        2,005
143   11/11/2016   N/A                    360             360      $27,786.68     1,979        2,006
145   1/11/2017    N/A          Interest Only   Interest Only      $21,572.22     1,961        2,003
146   12/11/2016   N/A                    360             360      $25,851.22     2,001          N/A
147   1/11/2017    N/A                    360             358      $26,436.83     1,992        2,005
148   2/11/2017    N/A                    360             360      $25,027.32     1,991          N/A
149   12/11/2016   N/A                    360             360      $25,717.56     1,962        2,005
150   1/11/2017    N/A                    360             358      $25,753.03     1,980        1,999
151   12/11/2036   12/11/2016             360             360      $24,777.52     1,963        1,998
152   2/11/2017    N/A                    360             360      $25,262.19     1,973          N/A
154   1/11/2017    N/A                    360             358      $25,235.15     1,967        2,006
156   12/11/2016   N/A                    360             357      $25,182.52     1,971        2,005
157   8/11/2016    N/A                    360             360      $24,281.80     1,965        2,006
158   10/11/2016   N/A                    360             360      $23,994.51     1,990        2,002
159   1/11/2017    N/A                    360             360      $23,342.91     1,989        2,005
160   2/11/2017    N/A                    360             359      $24,739.36     2,000          N/A
161   12/11/2016   N/A                    360             358      $24,498.76     1,973        2,006
162   2/11/2037    2/11/2017              360             358      $23,470.12     2,004          N/A
163   1/11/2017    N/A                    300             298      $25,894.45     2,005          N/A
165   12/11/2016   N/A                    360             357      $23,470.12     2,003          N/A
166   12/11/2016   N/A                    360             360      $23,656.86     2,005          N/A
169   1/11/2017    N/A                    360             358      $21,993.42     1,984        2,001
170   2/11/2017    N/A                    360             360      $21,352.91     2,006          N/A
171   12/11/2016   N/A                    360             360       $8,942.26     1,987        2,006
172   12/11/2016   N/A                    360             360      $12,029.66     2,004          N/A
173   2/11/2017    N/A                    360             360      $20,491.80     1,966        2,006
174   1/11/2017    N/A                    360             358      $20,894.34     1,980        2,006
177   1/11/2017    N/A                    360             358      $20,585.22     2,006          N/A
178   1/11/2017    N/A                    360             360      $19,510.20     1,988        2,002
179   1/11/2017    N/A                    360             360      $18,719.09     2,002          N/A
180   1/11/2017    N/A                    360             358      $20,863.86     2,003          N/A
181   2/11/2017    N/A                    360             360      $18,918.98     1,997          N/A
182   8/11/2016    N/A                    360             360      $19,557.50     1,979        2,005
184   1/11/2017    N/A                    360             358      $18,495.54     2,004          N/A
185   2/11/2017    N/A                    360             360      $17,953.14     2,005          N/A
186   10/11/2016   N/A                    360             356      $18,916.19     2,006          N/A
187   12/11/2016   N/A                    360             357      $18,384.45     1,977        1,989
189   1/11/2017    N/A                    360             358      $17,890.19     2,003          N/A
190   12/11/2016   N/A                    360             357      $17,583.49     2,001          N/A
191   1/11/2017    N/A                    180             178      $24,880.19     1,999          N/A
193   12/11/2016   N/A                    360             357      $17,293.85     1,954        2,004
194   2/11/2017    N/A                    360             359      $16,340.04     2,005          N/A
195   12/11/2016   N/A                    360             360      $15,928.41     1,905        2,006
196   1/11/2017    N/A                    360             360      $15,893.95     1,988        2,005
197   2/11/2017    N/A                    360             359      $16,101.17     2,004          N/A
198   12/11/2016   N/A                    360             357      $15,551.25     1,998          N/A
199   2/11/2017    N/A                    360             360      $15,922.18     2,006          N/A
201   2/11/2017    N/A                    300             298      $16,227.64     1,991        2,006
202   2/11/2017    N/A                    360             360      $14,652.91     1,992        2,001
203   1/11/2017    N/A                    360             360      $14,748.52     2,005          N/A
205   10/11/2016   N/A                    360             355      $15,269.79     1,958        2,003
208   2/11/2017    N/A                    360             358      $14,192.71     1,998          N/A
210   12/11/2016   N/A                    360             357      $13,884.02     2,006          N/A
211   1/11/2017    N/A                    360             358      $13,716.26     1,969        1,996
213   2/11/2017    N/A                    300             298      $14,206.92     1,998          N/A
214   12/11/2011   N/A                    360             356      $13,761.13     1,974        2,006
215   2/11/2017    N/A                    360             359      $12,590.56     2,003          N/A
216   1/11/2017    N/A                    360             358      $12,523.13     1,988        2,004
217   1/11/2017    N/A          Interest Only   Interest Only       $9,784.03     1,991        2,006
218   1/11/2017    N/A                    360             360      $11,837.15     2,001          N/A
219   2/11/2017    N/A                    360             359      $11,862.73     1,981          N/A
220   8/11/2016    N/A                    360             353      $12,441.21     1,985        2,005
221   1/11/2017    N/A                    360             358      $11,302.37     1,984        2,001
222   11/11/2016   N/A                    360             356      $11,587.64     2,000          N/A
223   11/11/2016   N/A                    360             360      $11,673.48     2,005          N/A
224   1/11/2017    N/A                    360             358      $10,894.91     1,989          N/A
225   1/11/2017    N/A                    360             358      $10,696.62     1,952        1,960
226   2/11/2017    N/A                    360             360      $10,110.58     2,004          N/A
227   12/11/2016   N/A                    360             357      $10,061.58     2,006          N/A
228   1/11/2017    N/A                    360             360       $9,558.50     2,006          N/A
229   8/11/2016    N/A                    360             353      $10,008.09     1,984        2,006
231   2/11/2017    N/A                    360             358       $9,109.48     1,986          N/A
232   12/11/2016   N/A                    300             297       $9,765.63     1,985        1,993
233   1/11/2017    N/A                    360             360       $8,872.76     2,005          N/A
236   12/11/2016   N/A                    360             357       $8,620.04     2,002        2,004
237   12/11/2016   N/A                    360             360       $8,265.33     2,005          N/A
238   11/11/2016   N/A                    360             356       $8,556.40     1,962        1,998
239   8/11/2016    N/A                    360             360       $8,216.88     1,971          N/A
240   1/11/2017    N/A                    300             298       $8,351.62     2,001          N/A
241   12/11/2016   N/A                    360             357       $7,484.14     1,986          N/A
242   1/11/2017    N/A                    360             358       $7,758.95     1,931        2,000
243   11/11/2011   N/A                    360             356       $7,671.16     1,974        2,003
244   1/11/2017    N/A                    360             358       $7,051.95     1,940        2,005
245   1/11/2017    N/A                    360             360       $6,725.71     1,996          N/A
246   10/11/2016   N/A                    360             360       $6,935.78     1,991          N/A
248   2/11/2017    N/A                    360             359       $6,160.91     2,005          N/A
249   1/11/2017    N/A                    360             357       $6,047.04     2,006          N/A
250   11/11/2016   N/A                    360             356       $5,995.51     2,005          N/A
251   2/11/2017    N/A                    360             359       $3,749.11     1,975          N/A

<CAPTION>
      30/360 / Actual/360   Master Servicing Fee
      Interest              Rate (inclusive of Primary                                  Payment   ARD Loan
  #   Calculation           Servicing Fee Rate)           Primary Servicing Fee Rate    Date      (Yes/No)
---   -------------------   --------------------------    --------------------------    -------   --------
<S>   <C>                   <C>                           <C>                           <C>       <C>
  1   Actual/360                               0.02000%                      0.01000%        11   No
  2   Actual/360                               0.02000%                      0.01000%        11   No
  3   Actual/360                               0.03250%                      0.02250%        11   No
  4   Actual/360                               0.03250%                      0.02250%        11   No
  5   Actual/360                               0.03250%                      0.02250%        11   No
  6   Actual/360                               0.03250%                      0.02250%        11   No
  7   Actual/360                               0.02000%                      0.01000%        11   No
  8   Actual/360                               0.02000%                      0.01000%        11   No
 10   Actual/360                               0.02000%                      0.01000%        11   No
 12   Actual/360                               0.02000%                      0.01000%        11   No
 13   Actual/360                               0.02000%                      0.01000%        11   No
 14   Actual/360                               0.02000%                      0.01000%        11   No
 15   Actual/360                               0.02000%                      0.01000%        11   No
 17   Actual/360                               0.01000%                      0.00000%        11   No
 18   Actual/360                               0.02000%                      0.01000%        11   No
 20   Actual/360                               0.02000%                      0.01000%        11   No
 21   Actual/360                               0.02000%                      0.01000%        11   No
 23   Actual/360                               0.02000%                      0.01000%        11   No
 24   Actual/360                               0.03250%                      0.02250%        11   No
 26   Actual/360                               0.02000%                      0.01000%        11   No
 28   Actual/360                               0.02000%                      0.01000%        11   No
 29   Actual/360                               0.02000%                      0.01000%        11   No
 30   Actual/360                               0.02000%                      0.01000%        11   No
 31   Actual/360                               0.02000%                      0.01000%        11   No
 33   Actual/360                               0.02000%                      0.01000%        11   No
 36   Actual/360                               0.02000%                      0.01000%        11   No
 37   Actual/360                               0.01000%                      0.00000%        11   No
 38   Actual/360                               0.02000%                      0.01000%        11   No
 44   Actual/360                               0.02000%                      0.01000%        11   No
 45   Actual/360                               0.02000%                      0.01000%        11   No
 47   Actual/360                               0.03250%                      0.02250%        11   No
 50   Actual/360                               0.02000%                      0.01000%        11   No
 51   Actual/360                               0.02000%                      0.01000%        11   No
 52   Actual/360                               0.02000%                      0.01000%        11   No
 54   Actual/360                               0.02000%                      0.01000%        11   No
 57   Actual/360                               0.02000%                      0.01000%        11   No
 58   Actual/360                               0.02000%                      0.01000%        11   No
 59   Actual/360                               0.02000%                      0.01000%        11   No
 61   Actual/360                               0.02000%                      0.01000%        11   No
 63   Actual/360                               0.02000%                      0.01000%        11   No
 72   Actual/360                               0.02000%                      0.01000%        11   No
 74   Actual/360                               0.03250%                      0.02250%        11   No
 75   Actual/360                               0.03250%                      0.02250%        11   No
 76   Actual/360                               0.01000%                      0.00000%        11   No
 77   Actual/360                               0.02000%                      0.01000%        11   No
 78   Actual/360                               0.02000%                      0.01000%        11   No
 79   Actual/360                               0.02000%                      0.01000%        11   No
 80   Actual/360                               0.02000%                      0.01000%        11   No
 81   Actual/360                               0.02000%                      0.01000%        11   No
 82   Actual/360                               0.02000%                      0.01000%        11   No
 83   Actual/360                               0.02000%                      0.01000%        11   No
 84   Actual/360                               0.02000%                      0.01000%        11   No
 86   Actual/360                               0.03250%                      0.02250%        11   No
 88   Actual/360                               0.02000%                      0.01000%        11   No
 89   Actual/360                               0.02000%                      0.01000%        11   No
 91   Actual/360                               0.02000%                      0.01000%        11   No
 92   Actual/360                               0.02000%                      0.01000%        11   No
 93   Actual/360                               0.02000%                      0.01000%        11   No
 94   Actual/360                               0.02000%                      0.01000%        11   No
 95   Actual/360                               0.02000%                      0.01000%        11   No
 96   Actual/360                               0.02000%                      0.01000%        11   No
 98   Actual/360                               0.01000%                      0.00000%        11   No
 99   Actual/360                               0.02000%                      0.01000%        11   No
100   Actual/360                               0.02000%                      0.01000%        11   No
102   Actual/360                               0.02000%                      0.01000%        11   No
106   Actual/360                               0.02000%                      0.01000%        11   No
108   Actual/360                               0.02000%                      0.01000%        11   No
109   Actual/360                               0.02000%                      0.01000%        11   No
110   Actual/360                               0.02000%                      0.01000%        11   No
111   Actual/360                               0.02000%                      0.01000%        11   No
113   Actual/360                               0.02000%                      0.01000%        11   No
116   Actual/360                               0.02000%                      0.01000%        11   No
117   Actual/360                               0.01000%                      0.00000%        11   No
118   Actual/360                               0.02000%                      0.01000%        11   No
119   Actual/360                               0.02000%                      0.01000%        11   No
120   Actual/360                               0.02000%                      0.01000%        11   No
121   Actual/360                               0.02000%                      0.01000%        11   No
123   Actual/360                               0.02000%                      0.01000%        11   No
124   Actual/360                               0.02000%                      0.01000%        11   No
125   Actual/360                               0.02000%                      0.01000%        11   No
127   Actual/360                               0.02000%                      0.01000%        11   No
128   Actual/360                               0.02000%                      0.01000%        11   No
129   Actual/360                               0.02000%                      0.01000%        11   No
132   Actual/360                               0.02000%                      0.01000%        11   No
133   Actual/360                               0.01000%                      0.00000%        11   No
134   Actual/360                               0.02000%                      0.01000%        11   No
135   Actual/360                               0.03250%                      0.02250%        11   Yes
138   Actual/360                               0.02000%                      0.01000%        11   No
139   Actual/360                               0.02000%                      0.01000%        11   No
140   Actual/360                               0.02000%                      0.01000%        11   No
142   Actual/360                               0.02000%                      0.01000%        11   No
143   Actual/360                               0.02000%                      0.01000%        11   No
145   Actual/360                               0.02000%                      0.01000%        11   No
146   Actual/360                               0.02000%                      0.01000%        11   No
147   Actual/360                               0.02000%                      0.01000%        11   No
148   Actual/360                               0.02000%                      0.01000%        11   No
149   Actual/360                               0.02000%                      0.01000%        11   No
150   Actual/360                               0.02000%                      0.01000%        11   No
151   Actual/360                               0.02000%                      0.01000%        11   Yes
152   Actual/360                               0.02000%                      0.01000%        11   No
154   Actual/360                               0.02000%                      0.01000%        11   No
156   Actual/360                               0.02000%                      0.01000%        11   No
157   Actual/360                               0.02000%                      0.01000%        11   No
158   Actual/360                               0.02000%                      0.01000%        11   No
159   Actual/360                               0.02000%                      0.01000%        11   No
160   Actual/360                               0.02000%                      0.01000%        11   No
161   Actual/360                               0.01000%                      0.00000%        11   No
162   Actual/360                               0.02000%                      0.01000%        11   Yes
163   Actual/360                               0.02000%                      0.01000%        11   No
165   Actual/360                               0.02000%                      0.01000%        11   No
166   Actual/360                               0.02000%                      0.01000%        11   No
169   Actual/360                               0.02000%                      0.01000%        11   No
170   Actual/360                               0.02000%                      0.01000%        11   No
171   Actual/360                               0.01000%                      0.00000%        11   No
172   Actual/360                               0.01000%                      0.00000%        11   No
173   Actual/360                               0.03250%                      0.02250%        11   No
174   Actual/360                               0.02000%                      0.01000%        11   No
177   Actual/360                               0.02000%                      0.01000%        11   No
178   Actual/360                               0.02000%                      0.01000%        11   No
179   Actual/360                               0.02000%                      0.01000%        11   No
180   Actual/360                               0.02000%                      0.01000%        11   No
181   Actual/360                               0.02000%                      0.01000%        11   No
182   Actual/360                               0.02000%                      0.01000%        11   No
184   Actual/360                               0.02000%                      0.01000%        11   No
185   Actual/360                               0.02000%                      0.01000%        11   No
186   Actual/360                               0.02000%                      0.01000%        11   No
187   Actual/360                               0.02000%                      0.01000%        11   No
189   Actual/360                               0.02000%                      0.01000%        11   No
190   Actual/360                               0.02000%                      0.01000%        11   No
191   Actual/360                               0.02000%                      0.01000%        11   No
193   Actual/360                               0.02000%                      0.01000%        11   No
194   Actual/360                               0.01000%                      0.00000%        11   No
195   Actual/360                               0.02000%                      0.01000%        11   No
196   Actual/360                               0.02000%                      0.01000%        11   No
197   Actual/360                               0.01000%                      0.00000%        11   No
198   Actual/360                               0.02000%                      0.01000%        11   No
199   Actual/360                               0.02000%                      0.01000%        11   No
201   Actual/360                               0.02000%                      0.01000%        11   No
202   Actual/360                               0.02000%                      0.01000%        11   No
203   Actual/360                               0.02000%                      0.01000%        11   No
205   Actual/360                               0.02000%                      0.01000%        11   No
208   Actual/360                               0.02000%                      0.01000%        11   No
210   Actual/360                               0.01000%                      0.00000%        11   No
211   Actual/360                               0.02000%                      0.01000%        11   No
213   Actual/360                               0.02000%                      0.01000%        11   No
214   Actual/360                               0.02000%                      0.01000%        11   No
215   Actual/360                               0.02000%                      0.01000%        11   No
216   Actual/360                               0.02000%                      0.01000%        11   No
217   Actual/360                               0.01000%                      0.00000%        11   No
218   Actual/360                               0.02000%                      0.01000%        11   No
219   Actual/360                               0.02000%                      0.01000%        11   No
220   Actual/360                               0.02000%                      0.01000%        11   No
221   Actual/360                               0.02000%                      0.01000%        11   No
222   Actual/360                               0.01000%                      0.00000%        11   No
223   Actual/360                               0.02000%                      0.01000%        11   No
224   Actual/360                               0.02000%                      0.01000%        11   No
225   Actual/360                               0.02000%                      0.01000%        11   No
226   Actual/360                               0.02000%                      0.01000%        11   No
227   Actual/360                               0.02000%                      0.01000%        11   No
228   Actual/360                               0.02000%                      0.01000%        11   No
229   Actual/360                               0.02000%                      0.01000%        11   No
231   Actual/360                               0.02000%                      0.01000%        11   No
232   Actual/360                               0.02000%                      0.01000%        11   No
233   Actual/360                               0.02000%                      0.01000%        11   No
236   Actual/360                               0.02000%                      0.01000%        11   No
237   Actual/360                               0.02000%                      0.01000%        11   No
238   Actual/360                               0.02000%                      0.01000%        11   No
239   Actual/360                               0.02000%                      0.01000%        11   No
240   Actual/360                               0.02000%                      0.01000%        11   No
241   Actual/360                               0.02000%                      0.01000%        11   No
242   Actual/360                               0.02000%                      0.01000%        11   No
243   Actual/360                               0.02000%                      0.01000%        11   No
244   Actual/360                               0.02000%                      0.01000%        11   No
245   Actual/360                               0.02000%                      0.01000%        11   No
246   Actual/360                               0.02000%                      0.01000%        11   No
248   Actual/360                               0.02000%                      0.01000%        11   No
249   Actual/360                               0.02000%                      0.01000%        11   No
250   Actual/360                               0.02000%                      0.01000%        11   No
251   Actual/360                               0.02000%                      0.01000%        11   No

<CAPTION>
                   Defeasance                     Earthquake
      Defeasance   String of Text If Applicable   Insurance          Environmental        Ground Lease
  #   (Yes/No)     (Not Yes or No)                (Yes / No / N/A)   Insurance (Yes/No)   (Yes/No)
---   ----------   ----------------------------   ----------------   ------------------   ------------
<S>   <C>          <C>                            <C>                <C>                  <C>
  1   Yes          Lock/26_Def/51_0.0%/7          N/A                No                   Yes
  2   Yes          Lock/28_Def/29_0.0%/3          N/A                No                   No
  3   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  4   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  5   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  6   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  7   Yes          Lock/28_Def/87_0.0%/4          N/A                No                   Yes
  8   Yes          Lock/28_Def/88_0.0%/4          N/A                No                   No
 10   No           N/A                            N/A                No                   No
 12   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 13   Yes          Lock/32_Def/24_0.0%/4          N/A                No                   No
 14   Yes          Lock/27_Def/88_0.0%/5          N/A                No                   No
 15   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 17   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
 18   Yes          Lock/26_Def/91_0.0%/4          N/A                No                   No
 20   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 21   Yes          Lock/28_Def/88_0.0%/4          N/A                No                   Yes
 23   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 24   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
 26   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 28   Yes          Lock/26_Def/93_0.0%/1          N/A                No                   No
 29   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 30   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 31   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
 33   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 36   Yes          Lock/26_Def/30_0.0%/4          N/A                No                   No
 37   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 38   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 44   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 45   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
 47   Yes          Lock/24_Def/91_0.0%/3          N/A                No                   No
 50   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 51   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 52   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 54   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 57   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 58   Yes          Lock/30_Def/83_0.0%/7          N/A                No                   No
 59   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 61   Yes          Lock/32_Def/84_0.0%/4          N/A                No                   No
 63   Yes          Lock/26_Def/88_0.0%/7          N/A                No                   No
 72   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 74   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
 75   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 76   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
 77   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 78   Yes          Lock/26_Def/72_0.0%/3          N/A                No                   No
 79   Yes          Lock/28_Def/86_0.0%/7          N/A                No                   No
 80   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 81   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
 82   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
 83   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 84   Yes          Lock/27_Def/92_0.0%/3          N/A                No                   No
 86   Yes          Lock/26_Def/88_0.0%/3          N/A                No                   No
 88   Yes          Lock/28_Def/89_0.0%/4          N/A                No                   No
 89   Yes          Lock/25_Def/89_0.0%/7          N/A                No                   No
 91   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 92   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 93   Yes          Lock/30_Def/84_0.0%/6          N/A                No                   No
 94   Yes          Lock/30_Def/84_0.0%/6          N/A                No                   No
 95   Yes          Lock/30_Def/84_0.0%/6          N/A                No                   No
 96   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
 98   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 99   Yes          Lock/28_Def/53_0.0%/3          N/A                No                   No
100   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
102   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
106   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
108   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
109   Yes          Lock/28_Def/91_0.0%/3          N/A                No                   No
110   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
111   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
113   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
116   Yes          Lock/30_Def/23_0.0%/7          N/A                No                   No
117   Yes          Lock/36_Def/81_0.0%/3          N/A                No                   No
118   Yes          Lock/28_Def/28_0.0%/4          N/A                No                   No
119   Yes          Lock/28_Def/88_0.0%/4          N/A                No                   No
120   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
121   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
123   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
124   Yes          Lock/31_Def/83_0.0%/6          N/A                No                   No
125   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
127   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
128   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
129   Yes          Lock/31_Def/88_0.0%/3          N/A                No                   No
132   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
133   Yes          Lock/30_Def/87_0.0%/3          N/A                No                   No
134   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
135   Yes          Lock/25_Def/88_0.0%/6          N/A                No                   No
138   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
139   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
140   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
142   Yes          Lock/26_Def/89_0.0%/6          N/A                No                   No
143   Yes          Lock/30_Def/86_0.0%/6          N/A                No                   No
145   No           N/A                            N/A                Yes                  No
146   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
147   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
148   Yes          Lock/26_Def/89_0.0%/6          N/A                No                   No
149   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
150   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
151   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
152   No           N/A                            N/A                No                   No
154   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
156   Yes          Lock/27_Def/87_0.0%/6          N/A                No                   No
157   Yes          Lock/31_Def/83_0.0%/6          N/A                No                   No
158   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
159   No           N/A                            N/A                No                   No
160   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
161   Yes          Lock/26_Def/90_0.0%/3          N/A                No                   No
162   Yes          Lock/26_Def/89_0.0%/6          N/A                Yes                  No
163   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
165   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
166   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
169   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
170   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
171   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
172   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
173   No           N/A                            N/A                No                   No
174   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
177   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
178   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
179   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
180   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
181   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
182   Yes          Lock/32_Def/86_0.0%/3          N/A                No                   No
184   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
185   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
186   Yes          Lock/28_Def/88_0.0%/3          N/A                No                   No
187   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   Yes
189   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
190   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
191   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
193   Yes          Lock/27_Def/87_0.0%/6          N/A                No                   No
194   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
195   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
196   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
197   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
198   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
199   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
201   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
202   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
203   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
205   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
208   Yes          Lock/26_Def/89_0.0%/6          N/A                Yes                  No
210   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
211   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
213   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
214   Yes          Lock/28_Def/30_0.0%/3          N/A                No                   No
215   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
216   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
217   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
218   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
219   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
220   Yes          Lock/31_Def/83_0.0%/6          N/A                Yes                  No
221   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
222   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
223   Yes          Lock/27_Def/86_0.0%/6          N/A                Yes                  No
224   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
225   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
226   Yes          Lock/25_Def/89_0.0%/6          N/A                No                   No
227   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
228   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
229   Yes          Lock/31_Def/86_0.0%/3          N/A                No                   No
231   Yes          Lock/26_Def/89_0.0%/6          N/A                Yes                  No
232   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
233   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
236   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
237   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
238   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
239   Yes          Lock/31_Def/83_0.0%/6          N/A                No                   No
240   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  Yes
241   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
242   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
243   Yes          Lock/28_Def/26_0.0%/6          N/A                Yes                  No
244   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
245   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
246   Yes          Lock/30_Def/85_0.0%/6          N/A                Yes                  No
248   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
249   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
250   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
251   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No

<CAPTION>
  #   Letter of Credit Amount ($)
---   ---------------------------
<S>   <C>
  1                         $0.00
  2                         $0.00
  3                         $0.00
  4                         $0.00
  5                         $0.00
  6                         $0.00
  7                         $0.00
  8                         $0.00
 10                         $0.00
 12                $13,000,000.00
 13                         $0.00
 14                         $0.00
 15                         $0.00
 17                         $0.00
 18                         $0.00
 20                         $0.00
 21                         $0.00
 23                         $0.00
 24                         $0.00
 26                         $0.00
 28                         $0.00
 29                         $0.00
 30                         $0.00
 31                         $0.00
 33                         $0.00
 36                 $3,300,000.00
 37                         $0.00
 38                         $0.00
 44                         $0.00
 45                         $0.00
 47                         $0.00
 50                         $0.00
 51                         $0.00
 52                         $0.00
 54                         $0.00
 57                         $0.00
 58                         $0.00
 59                         $0.00
 61                         $0.00
 63                         $0.00
 72                         $0.00
 74                         $0.00
 75                         $0.00
 76                         $0.00
 77                         $0.00
 78                         $0.00
 79                         $0.00
 80                         $0.00
 81                         $0.00
 82                         $0.00
 83                         $0.00
 84                         $0.00
 86                         $0.00
 88                         $0.00
 89                         $0.00
 91                         $0.00
 92                   $240,000.00
 93                         $0.00
 94                         $0.00
 95                         $0.00
 96                         $0.00
 98                         $0.00
 99                         $0.00
100                         $0.00
102                         $0.00
106                         $0.00
108                         $0.00
109                         $0.00
110                         $0.00
111                         $0.00
113                         $0.00
116                         $0.00
117                         $0.00
118                         $0.00
119                         $0.00
120                         $0.00
121                         $0.00
123                         $0.00
124                         $0.00
125                         $0.00
127                         $0.00
128                         $0.00
129                         $0.00
132                         $0.00
133                         $0.00
134                   $361,000.00
135                         $0.00
138                         $0.00
139                         $0.00
140                         $0.00
142                         $0.00
143                         $0.00
145                         $0.00
146                         $0.00
147                         $0.00
148                         $0.00
149                         $0.00
150                         $0.00
151                         $0.00
152                         $0.00
154                         $0.00
156                         $0.00
157                         $0.00
158                         $0.00
159                         $0.00
160                         $0.00
161                         $0.00
162                         $0.00
163                         $0.00
165                         $0.00
166                         $0.00
169                         $0.00
170                         $0.00
171                         $0.00
172                         $0.00
173                         $0.00
174                         $0.00
177                         $0.00
178                         $0.00
179                         $0.00
180                         $0.00
181                         $0.00
182                         $0.00
184                         $0.00
185                         $0.00
186                         $0.00
187                         $0.00
189                         $0.00
190                         $0.00
191                         $0.00
193                         $0.00
194                         $0.00
195                         $0.00
196                         $0.00
197                         $0.00
198                         $0.00
199                         $0.00
201                         $0.00
202                         $0.00
203                         $0.00
205                         $0.00
208                         $0.00
210                         $0.00
211                         $0.00
213                         $0.00
214                         $0.00
215                         $0.00
216                         $0.00
217                         $0.00
218                         $0.00
219                         $0.00
220                         $0.00
221                         $0.00
222                         $0.00
223                         $0.00
224                         $0.00
225                         $0.00
226                         $0.00
227                         $0.00
228                         $0.00
229                         $0.00
231                         $0.00
232                         $0.00
233                         $0.00
236                         $0.00
237                         $0.00
238                         $0.00
239                         $0.00
240                         $0.00
241                         $0.00
242                         $0.00
243                         $0.00
244                         $0.00
245                         $0.00
246                         $0.00
248                         $0.00
249                         $0.00
250                         $0.00
251                         $0.00

<CAPTION>
  #   Letter of Credit Description
---   ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>
  1   N/A
  2   N/A
  3   N/A
  4   N/A
  5   N/A
  6   N/A
  7   N/A
  8   N/A
 10   N/A
 12   Letter of Credit shall serve as additional collateral and shall permit quarterly reductions to the LOC upon the DSCR achieving
      1.20
 13   N/A
 14   N/A
 15   N/A
 17   N/A
 18   N/A
 20   N/A
 21   N/A
 23   N/A
 24   N/A
 26   N/A
 28   N/A
 29   N/A
 30   N/A
 31   N/A
 33   N/A
 36   Pilot Lease Reserve ($2,000,000.00) and Rollover Reserve ($1,300,000.00)
 37   N/A
 38   N/A
 44   N/A
 45   N/A
 47   N/A
 50   N/A
 51   N/A
 52   N/A
 54   N/A
 57   N/A
 58   N/A
 59   N/A
 61   N/A
 63   N/A
 72   N/A
 74   N/A
 75   N/A
 76   N/A
 77   N/A
 78   N/A
 79   N/A
 80   N/A
 81   N/A
 82   N/A
 83   N/A
 84   N/A
 86   N/A
 88   N/A
 89   N/A
 91   N/A
 92   FF&E Reserve Letter of Credit
 93   N/A
 94   N/A
 95   N/A
 96   N/A
 98   N/A
 99   N/A
100   N/A
102   N/A
106   N/A
108   N/A
109   N/A
110   N/A
111   N/A
113   N/A
116   N/A
117   N/A
118   N/A
119   N/A
120   N/A
121   N/A
123   N/A
124   N/A
125   N/A
127   N/A
128   N/A
129   N/A
132   N/A
133   N/A
134   Earnout Reserve ($182,000.00) and Initial Deposit to TI & LC Reserve ($179,000.00)
135   N/A
138   N/A
139   N/A
140   N/A
142   N/A
143   N/A
145   N/A
146   N/A
147   N/A
148   N/A
149   N/A
150   N/A
151   N/A
152   N/A
154   N/A
156   N/A
157   N/A
158   N/A
159   N/A
160   N/A
161   N/A
162   N/A
163   N/A
165   N/A
166   N/A
169   N/A
170   N/A
171   N/A
172   N/A
173   N/A
174   N/A
177   N/A
178   N/A
179   N/A
180   N/A
181   N/A
182   N/A
184   N/A
185   N/A
186   N/A
187   N/A
189   N/A
190   N/A
191   N/A
193   N/A
194   N/A
195   N/A
196   N/A
197   N/A
198   N/A
199   N/A
201   N/A
202   N/A
203   N/A
205   N/A
208   N/A
210   N/A
211   N/A
213   N/A
214   N/A
215   N/A
216   N/A
217   N/A
218   N/A
219   N/A
220   N/A
221   N/A
222   N/A
223   N/A
224   N/A
225   N/A
226   N/A
227   N/A
228   N/A
229   N/A
231   N/A
232   N/A
233   N/A
236   N/A
237   N/A
238   N/A
239   N/A
240   N/A
241   N/A
242   N/A
243   N/A
244   N/A
245   N/A
246   N/A
248   N/A
249   N/A
250   N/A
251   N/A

<CAPTION>
      Loan
  #   Group   Loan Seller
---   -----   ----------------------
<S>   <C>     <C>
  1       2   Column Financial, Inc.
  2       2   Column Financial, Inc.
  3       2   Column Financial, Inc.
  4       2   Column Financial, Inc.
  5       2   Column Financial, Inc.
  6       2   Column Financial, Inc.
  7       1   Column Financial, Inc.
  8       2   Column Financial, Inc.
 10       1   Column Financial, Inc.
 12       2   Column Financial, Inc.
 13       1   Column Financial, Inc.
 14       1   Column Financial, Inc.
 15       1   Column Financial, Inc.
 17       1   Column Financial, Inc.
 18       1   Column Financial, Inc.
 20       2   Column Financial, Inc.
 21       1   Column Financial, Inc.
 23       2   Column Financial, Inc.
 24       1   Column Financial, Inc.
 26       1   Column Financial, Inc.
 28       1   Column Financial, Inc.
 29       2   Column Financial, Inc.
 30       2   Column Financial, Inc.
 31       1   Column Financial, Inc.
 33       1   Column Financial, Inc.
 36       1   Column Financial, Inc.
 37       1   Column Financial, Inc.
 38       1   Column Financial, Inc.
 44       2   Column Financial, Inc.
 45       1   Column Financial, Inc.
 47       1   Column Financial, Inc.
 50       1   Column Financial, Inc.
 51       2   Column Financial, Inc.
 52       2   Column Financial, Inc.
 54       2   Column Financial, Inc.
 57       1   Column Financial, Inc.
 58       1   Column Financial, Inc.
 59       2   Column Financial, Inc.
 61       2   Column Financial, Inc.
 63       1   Column Financial, Inc.
 72       2   Column Financial, Inc.
 74       1   Column Financial, Inc.
 75       2   Column Financial, Inc.
 76       1   Column Financial, Inc.
 77       2   Column Financial, Inc.
 78       2   Column Financial, Inc.
 79       1   Column Financial, Inc.
 80       1   Column Financial, Inc.
 81       1   Column Financial, Inc.
 82       1   Column Financial, Inc.
 83       2   Column Financial, Inc.
 84       1   Column Financial, Inc.
 86       1   Column Financial, Inc.
 88       1   Column Financial, Inc.
 89       1   Column Financial, Inc.
 91       1   Column Financial, Inc.
 92       1   Column Financial, Inc.
 93       1   Column Financial, Inc.
 94       1   Column Financial, Inc.
 95       1   Column Financial, Inc.
 96       1   Column Financial, Inc.
 98       1   Column Financial, Inc.
 99       1   Column Financial, Inc.
100       1   Column Financial, Inc.
102       1   Column Financial, Inc.
106       1   Column Financial, Inc.
108       1   Column Financial, Inc.
109       1   Column Financial, Inc.
110       1   Column Financial, Inc.
111       1   Column Financial, Inc.
113       1   Column Financial, Inc.
116       2   Column Financial, Inc.
117       1   Column Financial, Inc.
118       2   Column Financial, Inc.
119       2   Column Financial, Inc.
120       1   Column Financial, Inc.
121       1   Column Financial, Inc.
123       1   Column Financial, Inc.
124       1   Column Financial, Inc.
125       2   Column Financial, Inc.
127       1   Column Financial, Inc.
128       1   Column Financial, Inc.
129       2   Column Financial, Inc.
132       1   Column Financial, Inc.
133       1   Column Financial, Inc.
134       1   Column Financial, Inc.
135       1   Column Financial, Inc.
138       1   Column Financial, Inc.
139       1   Column Financial, Inc.
140       1   Column Financial, Inc.
142       1   Column Financial, Inc.
143       1   Column Financial, Inc.
145       2   Column Financial, Inc.
146       1   Column Financial, Inc.
147       1   Column Financial, Inc.
148       1   Column Financial, Inc.
149       1   Column Financial, Inc.
150       1   Column Financial, Inc.
151       2   Column Financial, Inc.
152       1   Column Financial, Inc.
154       1   Column Financial, Inc.
156       2   Column Financial, Inc.
157       2   Column Financial, Inc.
158       1   Column Financial, Inc.
159       1   Column Financial, Inc.
160       1   Column Financial, Inc.
161       1   Column Financial, Inc.
162       1   Column Financial, Inc.
163       1   Column Financial, Inc.
165       1   Column Financial, Inc.
166       1   Column Financial, Inc.
169       1   Column Financial, Inc.
170       1   Column Financial, Inc.
171       2   Column Financial, Inc.
172       2   Column Financial, Inc.
173       2   Column Financial, Inc.
174       1   Column Financial, Inc.
177       1   Column Financial, Inc.
178       1   Column Financial, Inc.
179       1   Column Financial, Inc.
180       1   Column Financial, Inc.
181       1   Column Financial, Inc.
182       1   Column Financial, Inc.
184       1   Column Financial, Inc.
185       1   Column Financial, Inc.
186       1   Column Financial, Inc.
187       1   Column Financial, Inc.
189       1   Column Financial, Inc.
190       1   Column Financial, Inc.
191       1   Column Financial, Inc.
193       1   Column Financial, Inc.
194       1   Column Financial, Inc.
195       1   Column Financial, Inc.
196       1   Column Financial, Inc.
197       1   Column Financial, Inc.
198       2   Column Financial, Inc.
199       1   Column Financial, Inc.
201       1   Column Financial, Inc.
202       1   Column Financial, Inc.
203       1   Column Financial, Inc.
205       1   Column Financial, Inc.
208       1   Column Financial, Inc.
210       1   Column Financial, Inc.
211       2   Column Financial, Inc.
213       1   Column Financial, Inc.
214       2   Column Financial, Inc.
215       1   Column Financial, Inc.
216       1   Column Financial, Inc.
217       1   Column Financial, Inc.
218       1   Column Financial, Inc.
219       2   Column Financial, Inc.
220       1   Column Financial, Inc.
221       1   Column Financial, Inc.
222       1   Column Financial, Inc.
223       1   Column Financial, Inc.
224       1   Column Financial, Inc.
225       1   Column Financial, Inc.
226       1   Column Financial, Inc.
227       1   Column Financial, Inc.
228       2   Column Financial, Inc.
229       1   Column Financial, Inc.
231       1   Column Financial, Inc.
232       1   Column Financial, Inc.
233       1   Column Financial, Inc.
236       1   Column Financial, Inc.
237       1   Column Financial, Inc.
238       2   Column Financial, Inc.
239       1   Column Financial, Inc.
240       1   Column Financial, Inc.
241       2   Column Financial, Inc.
242       1   Column Financial, Inc.
243       1   Column Financial, Inc.
244       1   Column Financial, Inc.
245       1   Column Financial, Inc.
246       1   Column Financial, Inc.
248       1   Column Financial, Inc.
249       1   Column Financial, Inc.
250       1   Column Financial, Inc.
251       1   Column Financial, Inc.
</TABLE>

<PAGE>

                                  EXHIBIT B-1B

                   SCHEDULE OF ORIGINAL CAPMARK MORTGAGE LOANS

                             [See Attached Schedule]

<PAGE>

CSMC 2007-C1
Exhibit B-1B
March 16, 2007

<TABLE>
<CAPTION>
  #   Property Name
---   --------------------------------------
<S>   <C>
  9   Koger Center
 11   Wells Fargo Place
 16   Residence Inn - San Diego
 19   Residence Inn - Anaheim
 22   PGA Plaza Shopping Center
 25   Normandy Farms
 27   Lakeshore Ridge
 32   Homewood Suites - Seattle
 34   College Club
 35   West Road Plaza
 39   Atlas Cold Storage
 40   Luxe Villas
 41   Morgan Ridge Apartments
 42   Wellington Manor Apartments
 43   Montecristo MF
 46   Villages of Cypress Creek
 48   Calabasas Business Park
 49   Deerpath Plaza
 53   Essington Village Apartments
 55   Electric 308 Building
 56   Gortz Schiele
 60   North County Village MHC
 62   KUKA USA
 64   La Casa Via Medical Offices
 65   Waterford Landing Apartments
 66   Playtogs Plaza
 67   South Wind Plaza
 68   Murrieta Pointe
 69   Stanley Village
 70   Hampton Inn & Suites - Wilmington
 71   Vista Diablo MHP
 73   Greens at McKinney
 85   Bixby Business Center
 87   Cascade Citi Center
 90   St. Cloud Square
 97   SpringHill Suites - Milford
101   Mobile Aire Estates MHC
103   701 Aviation (Xerox)
104   Kimbrook Plaza
105   La Vista Townhomes
107   Timber Falls
112   Marlow Square Shopping Center
114   Lancaster Village Retirement Community
115   Lancaster Village Independent Living
122   Plaza Mission Oaks
126   Glendora Marketplace
130   505 North Belt
131   525 North Belt
136   521 North Belt
137   12th and Orange St Garage
141   Ocala Office Buildings
144   Simi Valley Business Park
153   College Station - Southwest Crossing
155   2000 Lincoln Park West
164   Dexter Crossing Retail
167   Old Orchard Retail
168   Congress Pointe Shopping Center
175   10039 Bissonnet Office
176   Altadena Square Shopping Center
183   Redwood City Storage
188   South Hills Center
192   Claire Tower Apartments
200   Woodbrook Lane
204   Hayward Storage
206   S'Ville and Deville Apts
207   Lakeshore Village Shopping Center
209   Monroeville Shopping Center
212   Meadowood Apartments
230   Morningside Shopping Center
234   Druid Hills Storage
235   Walnut Storage
247   Auburn-Watt Storage

<CAPTION>
  #   Address
---   ---------------------------------------------------------------------------------------------------------------------------
<S>   <C>
  9   1311 Executive Center Drive
 11   30 East Seventh Street
 16   1865 Hotel Circle South
 19   11931 Harbor Boulevard
 22   2500-2690 PGA Boulevard
 25   1401-11-21-31-41-49 Morris Road
 27   1700 Lakeshore Ridge
 32   1011 Pike Street
 34   17100 College Club Loop
 35   10241 North Freeway
 39   1420 Greenwood Road
 40   11640 Mayfield Avenue
 41   100 Morgan Way
 42   1500 Windsor Court
 43   215 North Loop 1604 East
 46   10300 Cypresswood Drive
 48   23801 Calabasas Road
 49   225 East Deerpath Road
 53   5280 Tamarack Circle East
 55   308 East Pearl Street
 56   1750 Summit Drive
 60   9700 Riverdale Road
 62   6600 Center Drive
 64   106 - 112 La Casa Via
 65   2600 Waterford Place
 66   128 Dolson Avenue
 67   5335-5337 Military Trail
 68   40663-40735 Murrieta Hot Springs Road
 69   501-543 Big Thompson Avenue
 70   1989 Eastwood Road
 71   2901 Somersville Road
 73   3191 Medical Center Drive
 85   4401 Atlantic Avenue
 87   590 Cascade Avenue
 90   4037-4077 13th Street
 97   50 Rowe Avenue
101   716 North Grand Avenue
103   701 South Aviation Boulevard
104   8395 Oswego Road
105   6797 Springhouse Lane
107   Route 6
112   4305 Saint Barnabas Road
114   4138 Market Street Northeast
115   4142 & 4144 Market Street Northeast, 4097 & 4099 Cypress Street Northeast, 1492, 1494, 1496 & 1498 Brenner Street Northeast
122   5011 and 5021 Verdugo Way
126   1331 South Lone Hill Avenue
130   505 North Sam Houston Parkway East
131   525 North Sam Houston Parkway East
136   521 North Sam Houston Parkway East
137   1200 North Orange Street
141   3200 SW 27th Avenue, 2701 SW 34th St. & 3306 SW 26th Avenue
144   40 West Cochran Street
153   1301, 1401, 1311, 1411 Wellborn Road & 105 Southwest Parkway
155   2000 Lincoln Park West
164   449-463 Washington Street
167   600 East Lockwood Avenue
168   4469 South Congress Avenue
175   10039 Bissonnet Street
176   4704 Cahaba River Road
183   1841 East Bayshore Road
188   700 Southwest Higgins Avenue
192   1041 Marion Street
200   7525 Devon Street
204   1639 Whipple Road
206   Various
207   100 Frankfurt Circle
209   512-534 Pike Street and 1200 South Alabama Avenue
212   1113-1148 Pagonia Drive and 1106-1135 Brook Meadow Drive
230   6375-6501 Suitland Road
234   3755 North Druid Hills Road
235   18711 Valley Boulevard
247   3421 Auburn Boulevard

<CAPTION>
                                   Zip       Mortgage     Original          Cut-off           Remaining   Maturity
  #   City                 State   Code      Rate (%)     Balance ($)       Balance ($)       Term        Date        ARD Date
---   ------------------   -----   -------   ---------    ---------------   ---------------   ---------   ---------   --------
<S>   <C>                  <C>     <C>       <C>          <C>               <C>               <C>         <C>         <C>
  9   Tallahassee          FL        32301       6.030%   $115,500,000.00   $115,500,000.00         119   2/1/2017    N/A
 11   St. Paul             MN        55101       5.800%    $90,000,000.00    $90,000,000.00         116   11/1/2016   N/A
 16   San Diego            CA        92108       5.980%    $47,400,000.00    $47,400,000.00         116   11/1/2016   N/A
 19   Garden Grove         CA        92840       5.980%    $37,600,000.00    $37,600,000.00         116   11/1/2016   N/A
 22   Palm Beach Gardens   FL        33410       5.500%    $33,450,000.00    $33,450,000.00         118   1/1/2017    N/A
 25   Blue Bell            PA        19422       5.890%    $31,000,000.00    $31,000,000.00         118   1/1/2017    N/A
 27   Birmingham           AL        35211       5.700%    $30,000,000.00    $30,000,000.00         118   1/1/2017    N/A
 32   Seattle              WA        98101       6.360%    $28,400,000.00    $28,400,000.00          58   1/1/2012    N/A
 34   Fort Myers           FL        33913       5.730%    $27,000,000.00    $27,000,000.00         118   1/1/2017    N/A
 35   Houston              TX        77037       6.100%    $25,020,000.00    $25,020,000.00         116   11/1/2016   N/A
 39   McDonough            GA        30253       6.110%    $23,000,000.00    $23,000,000.00         128   11/1/2017   N/A
 40   Los Angeles          CA        90049       5.680%    $22,590,000.00    $22,406,629.32         112   7/1/2016    N/A
 41   Winston-Salem        NC        27127       5.900%    $21,700,000.00    $21,700,000.00          59   2/1/2012    N/A
 42   Alabaster            AL        35007       6.320%    $20,700,000.00    $20,678,246.89          59   2/1/2012    N/A
 43   San Antonio          TX        78232       5.930%    $19,998,000.00    $19,998,000.00         116   11/1/2016   N/A
 46   Houston              TX        77070       5.990%    $17,730,000.00    $17,730,000.00         116   11/1/2016   N/A
 48   Calabasas            CA        91302       5.680%    $15,255,000.00    $15,255,000.00         118   1/1/2017    N/A
 49   Lake Forest          IL        60045       5.890%    $14,850,000.00    $14,850,000.00          82   1/1/2014    N/A
 53   Columbus             OH        43229       5.620%    $14,300,000.00    $14,253,916.03         117   12/1/2016   N/A
 55   Jackson              MS        39201       5.910%    $13,800,000.00    $13,800,000.00          59   2/1/2012    N/A
 56   Auburn Hills         MI        48326       6.030%    $13,700,000.00    $13,659,154.51         117   12/1/2016   N/A
 60   Thornton             CO        80229       5.810%    $13,400,000.00    $13,400,000.00          83   2/1/2014    N/A
 62   Sterling Heights     MI        48312       5.940%    $13,100,000.00    $13,082,485.50         119   2/1/2017    N/A
 64   Walnut Creek         CA        94598       5.850%    $12,800,000.00    $12,760,506.46         117   12/1/2016   N/A
 65   Hoover               AL        35244       6.080%    $12,650,000.00    $12,650,000.00          59   2/1/2012    N/A
 66   Middletown           NY        10940       6.300%    $12,500,000.00    $12,500,000.00         111   6/1/2016    N/A
 67   West Palm Beach      FL        33407       5.950%    $12,500,000.00    $12,500,000.00         116   11/1/2016   N/A
 68   Murrieta             CA        92562       5.820%    $12,400,000.00    $12,400,000.00         117   12/1/2016   N/A
 69   Estes Park           CO        80517       5.950%    $12,000,000.00    $12,000,000.00         116   11/1/2016   N/A
 70   Wilmington           NC        28403       5.880%    $12,000,000.00    $11,963,185.29         117   12/1/2016   N/A
 71   Antioch              CA        94509       5.620%    $11,750,000.00    $11,750,000.00         119   2/1/2017    N/A
 73   McKinney             TX        75069       5.510%    $11,500,000.00    $11,500,000.00         118   1/1/2017    N/A
 85   Long Beach           CA        90807       5.600%     $9,300,000.00     $9,284,221.66         118   1/1/2017    N/A
 87   Atlanta              GA        30310       5.910%     $8,800,000.00     $8,800,000.00         119   2/1/2017    N/A
 90   St. Cloud            FL        34769       6.300%     $8,500,000.00     $8,446,276.04         113   8/1/2016    N/A
 97   Milford              CT        06461       5.700%     $8,000,000.00     $8,000,000.00         117   12/1/2016   N/A
101   Covina               CA        91724       5.810%     $7,750,000.00     $7,750,000.00          83   2/1/2014    N/A
103   El Segundo           CA        90245       5.820%     $7,506,000.00     $7,506,000.00         118   1/1/2017    N/A
104   Baldwinsville        NY        13027       6.000%     $7,500,000.00     $7,469,932.00         116   11/1/2016   N/A
105   Columbus             OH        43229       6.680%     $7,500,000.00     $7,468,350.67         115   10/1/2016   N/A
107   Blakely              PA        18447       5.970%     $7,200,000.00     $7,200,000.00         120   3/1/2017    N/A
112   Temple Hills         MD        20748       5.960%     $6,900,000.00     $6,847,194.57         112   7/1/2016    N/A
114   Salem                OR        97301       6.360%     $5,500,000.00     $5,469,752.63         116   11/1/2016   N/A
115   Salem                OR        97301       6.360%     $1,250,000.00     $1,243,125.58         116   11/1/2016   N/A
122   Camarillo            CA        93012       6.370%     $6,100,000.00     $6,100,000.00         119   2/1/2017    N/A
126   Glendora             CA        91740       6.280%     $5,750,000.00     $5,750,000.00         120   3/1/2017    N/A
130   Houston              TX        77060       5.950%     $5,400,000.00     $5,367,954.59         114   9/1/2016    N/A
131   Houston              TX        77060       5.770%     $5,200,000.00     $5,173,559.74         115   10/1/2016   N/A
136   Houston              TX        77060       5.770%     $5,100,000.00     $5,074,068.23         115   10/1/2016   N/A
137   Wilmington           DE        19801       5.910%     $5,000,000.00     $4,991,042.77         119   2/1/2017    N/A
141   Ocala                FL        34474       6.030%     $4,650,000.00     $4,639,997.99         118   1/1/2017    N/A
144   Simi Valley          CA        93065       5.650%     $4,550,000.00     $4,550,000.00         119   2/1/2017    N/A
153   College Station      TX        77840       6.040%     $4,200,000.00     $4,200,000.00         116   11/1/2016   N/A
155   Chicago              IL        60614       6.000%     $4,165,000.00     $4,165,000.00         119   2/1/2017    N/A
164   Boston               MA        02111       5.900%     $4,000,000.00     $3,987,775.02         117   12/1/2016   N/A
167   Webster Groves       MO        63119       5.690%     $3,725,000.00     $3,725,000.00         118   1/1/2017    N/A
168   Lake Worth           FL        33461       5.910%     $3,700,000.00     $3,700,000.00         116   11/1/2016   N/A
175   Houston              TX        77036       5.710%     $3,475,000.00     $3,467,123.58         118   1/1/2017    N/A
176   Birmingham           AL        35243       6.120%     $3,400,000.00     $3,395,536.23         119   2/1/2017    N/A
183   Redwood City         CA        94063       5.620%     $3,175,000.00     $3,170,611.21         119   2/1/2017    N/A
188   Missoula             MT        59803       6.000%     $3,000,000.00     $3,000,000.00         115   10/1/2016   N/A
192   Columbia             SC        29201       5.600%     $3,000,000.00     $2,972,592.61         116   11/1/2016   N/A
200   Philladelphia        PA        19119       6.250%     $2,600,000.00     $2,592,568.55          57   12/1/2011   N/A
204   Hayward              CA        94544       5.620%     $2,500,000.00     $2,496,544.26         119   2/1/2017    N/A
206   Jefferson City       MO      Various       6.330%     $2,450,000.00     $2,450,000.00         119   2/1/2017    N/A
207   Birmingham           AL        35211       6.200%     $2,450,000.00     $2,438,580.60         115   10/1/2016   N/A
209   Monroeville          AL        36460       6.370%     $2,400,000.00     $2,400,000.00         112   7/1/2016    N/A
212   Lakeland             FL        33811       6.020%     $2,300,000.00     $2,293,129.62         117   12/1/2016   N/A
230   Suitland             MD        20746       5.910%     $1,575,000.00     $1,562,818.16         112   7/1/2016    N/A
234   Decatur              GA        30033       5.620%     $1,450,000.00     $1,447,995.67         119   2/1/2017    N/A
235   La Puente            CA        91744       5.620%     $1,410,000.00     $1,408,050.97         119   2/1/2017    N/A
247   Sacramento           CA        95821       5.620%     $1,080,000.00     $1,078,507.12         119   2/1/2017    N/A

<CAPTION>
      Original                                                            30/360 / Actual/360
      Amort.          Remaining       Monthly       Units/                Interest              Master Servicing
  #   Term            Amortization    Payment ($)   Rooms    Square Ft.   Calculation           Fee Rate
---   -------------   -------------   -----------   ------   ----------   -------------------   ----------------
<S>   <C>             <C>             <C>           <C>      <C>          <C>                   <C>
  9   Interest Only   Interest Only   $588,448.44    1,972          N/A   Actual/360                     0.02000%
 11   Interest Only   Interest Only   $441,041.67    1,987          N/A   Actual/360                     0.10000%
 16             360             360   $283,577.75    2,003          N/A   Actual/360                     0.03004%
 19             360             360   $224,947.75    2,003          N/A   Actual/360                     0.03527%
 22   Interest Only   Interest Only   $155,441.84    1,975          N/A   Actual/360                     0.10000%
 25             300             300   $197,654.18    1,834          N/A   Actual/360                     0.02000%
 27             360             360   $174,120.13    2,005          N/A   Actual/360                     0.05000%
 32             360             360   $176,900.52    1,990        2,000   Actual/360                     0.04345%
 34             360             360   $157,221.80    2,004          N/A   Actual/360                     0.10000%
 35   Interest Only   Interest Only   $128,951.46    1,993        2,006   Actual/360                     0.10000%
 39             360             360   $139,527.40    2,000          N/A   Actual/360                     0.10000%
 40             360             352   $130,826.29    2,006          N/A   Actual/360                     0.10000%
 41   Interest Only   Interest Only   $108,173.50    2,001          N/A   Actual/360                     0.10000%
 42             408             407   $123,505.11    1,997          N/A   Actual/360                     0.05000%
 43             360             360   $118,999.60    2,005          N/A   Actual/360                     0.10000%
 46             360             360   $106,186.35    2,001          N/A   Actual/360                     0.10000%
 48   Interest Only   Interest Only    $73,209.88    1,983          N/A   Actual/360                     0.10000%
 49   Interest Only   Interest Only    $73,901.09    1,988          N/A   Actual/360                     0.10000%
 53             360             357    $82,273.73    1,968        2,006   Actual/360                     0.10000%
 55             360             360    $81,941.16    1,927        2,005   Actual/360                     0.10000%
 56             360             357    $82,402.85    2,001          N/A   Actual/360                     0.10000%
 60             360             360    $78,710.26    1,986        2,006   Actual/360                     0.10000%
 62             360             359    $78,036.50    1,995          N/A   Actual/360                     0.10000%
 64             360             357    $75,512.44    1,983          N/A   Actual/360                     0.10000%
 65   Interest Only   Interest Only    $64,983.52    1,990          N/A   Actual/360                     0.05000%
 66             360             360    $77,371.60    1,986          N/A   Actual/360                     0.10000%
 67             360             360    $74,542.46    1,987          N/A   Actual/360                     0.10000%
 68             360             360    $72,915.38    2,006          N/A   Actual/360                     0.10000%
 69             360             360    $71,560.77    1,985          N/A   Actual/360                     0.10000%
 70             360             357    $71,022.88    1,996          N/A   Actual/360                     0.06920%
 71             360             360    $67,602.54    1,978          N/A   Actual/360                     0.10000%
 73             360             360    $65,367.91    2,001          N/A   Actual/360                     0.10000%
 85             420             418    $50,553.41    1,980        2,003   Actual/360                     0.10000%
 87   Interest Only   Interest Only    $43,941.94    1,973        1,997   Actual/360                     0.10000%
 90             360             353    $52,612.69    1,990        2,005   Actual/360                     0.10000%
 97             300             300    $50,087.08    2,000          N/A   Actual/360                     0.08125%
101             360             360    $45,522.73    1,957          N/A   Actual/360                     0.10000%
103   Interest Only   Interest Only    $36,909.71    1,968          N/A   Actual/360                     0.10000%
104             360             356    $44,966.29    1,989          N/A   Actual/360                     0.10000%
105             360             355    $48,296.39    1,978          N/A   Actual/360                     0.10000%
107             360             360    $43,028.87    1,977        1,997   Actual/360                     0.10000%
112             360             352    $41,191.71    1,966          N/A   Actual/360                     0.10000%
114             300             296    $36,656.69    1,985          N/A   Actual/360                     0.10000%
115             300             296     $8,331.07    1,999          N/A   Actual/360                     0.10000%
122   Interest Only   Interest Only    $32,830.57    2,006          N/A   Actual/360                     0.10000%
126             360             360    $35,516.01    2,001          N/A   Actual/360                     0.10000%
130             360             354    $32,202.34    1,979          N/A   Actual/360                     0.10000%
131             360             355    $30,411.89    1,979          N/A   Actual/360                     0.10000%
136             360             355    $29,827.04    1,981          N/A   Actual/360                     0.10000%
137             300             299    $31,940.56    1,972          N/A   Actual/360                     0.10000%
141             360             358    $27,968.85    1,989        2,004   Actual/360                     0.10000%
144             360             360    $26,264.23    1,990          N/A   Actual/360                     0.10000%
153             360             360    $25,289.23    2,006          N/A   Actual/360                     0.10000%
155             360             360    $24,971.28    1,931          N/A   Actual/360                     0.10000%
164             360             357    $23,725.46    1,920        2,001   Actual/360                     0.10000%
167             360             360    $21,596.32    1,960          N/A   Actual/360                     0.10000%
168             360             360    $21,969.73    1,986          N/A   Actual/360                     0.10000%
175             360             358    $20,190.94    1,980          N/A   Actual/360                     0.10000%
176             360             359    $20,647.77    1,987        2,005   Actual/360                     0.10000%
183             360             359    $18,267.07    1,983          N/A   Actual/360                     0.06000%
188             360             360    $17,986.52    1,971        1,999   Actual/360                     0.10000%
192             240             236    $20,806.43    1,951          N/A   Actual/360                     0.10000%
200             360             357    $16,008.65    1,965        1,992   Actual/360                     0.10000%
204             360             359    $14,383.52    1,974          N/A   Actual/360                     0.06000%
206             360             360    $15,212.78   Various     Various   Actual/360                     0.10000%
207             360             355    $15,005.49    2,005          N/A   Actual/360                     0.10000%
209             360             360    $14,965.03    1,938        1,982   Actual/360                     0.10000%
212             360             357    $13,819.25    2,000          N/A   Actual/360                     0.10000%
230             360             352     $9,351.98    1,946          N/A   Actual/360                     0.10000%
234             360             359     $8,342.44    1,980          N/A   Actual/360                     0.06000%
235             360             359     $8,112.30    1,985          N/A   Actual/360                     0.06000%
247             360             359     $6,213.68    1,980          N/A   Actual/360                     0.06000%

<CAPTION>
                                        Defeasance                     Earthquake
      Payment   ARD Loan   Defeasance   String of Text If Applicable   Insurance          Environmental
  #   Date      (Yes/No)   (Yes/No)     (Not Yes or No)                (Yes / No / N/A)   Insurance (Yes/No)
---   -------   --------   ----------   ----------------------------   ----------------   ------------------
<S>   <C>       <C>        <C>          <C>                            <C>                <C>
  9         1   No         Yes          Lock/25_Def/93_0.0%/2          N/A                No
 11         1   No         Yes          Lock/28_Def/88_0.0%/4          N/A                No
 16         1   No         Yes          Lock/28_Def/88_0.0%/4          N/A                No
 19         1   No         Yes          Lock/28_Def/88_0.0%/4          N/A                No
 22         1   No         Yes          Lock/26_Def/90_0.0%/4          N/A                No
 25         1   No         No           N/A                            N/A                No
 27         1   No         No           N/A                            N/A                No
 32         1   No         No           N/A                            N/A                No
 34         1   No         Yes          Lock/26_Def/92_0.0%/2          N/A                No
 35         1   No         Yes          Lock/28_Def/88_0.0%/4          N/A                No
 39         1   No         Yes          Lock/25_Def/100_0.0%/4         N/A                No
 40         1   No         Yes          Lock/32_Def/86_0.0%/2          N/A                No
 41         1   No         Yes          Lock/25_Def/31_0.0%/4          N/A                No
 42         1   No         Yes          Lock/25_Def/31_0.0%/4          N/A                No
 43         1   No         Yes          Lock/28_Def/89_0.0%/3          N/A                No
 46         1   No         Yes          Lock/28_Def/89_0.0%/3          N/A                No
 48         1   No         Yes          Lock/26_Def/90_0.0%/4          N/A                No
 49         1   No         Yes          Lock/26_Def/54_0.0%/4          N/A                No
 53         1   No         Yes          Lock/27_Def/89_0.0%/4          N/A                No
 55         1   No         Yes          Lock/25_Def/31_0.0%/4          N/A                No
 56         1   No         Yes          Lock/27_Def/90_0.0%/3          N/A                No
 60         1   No         Yes          Lock/25_Def/55_0.0%/4          N/A                No
 62         1   No         Yes          Lock/25_Def/92_0.0%/3          N/A                No
 64         1   No         Yes          Lock/27_Def/91_0.0%/2          N/A                No
 65         1   No         Yes          Lock/25_Def/31_0.0%/4          N/A                No
 66         1   No         Yes          Lock/33_Def/85_0.0%/2          N/A                No
 67         1   No         Yes          Lock/28_Def/88_0.0%/4          N/A                No
 68         1   No         Yes          Lock/27_Def/89_0.0%/4          N/A                No
 69         1   No         No           N/A                            N/A                No
 70         1   No         Yes          Lock/39_Def/77_0.0%/4          N/A                No
 71         1   No         Yes          Lock/25_Def/91_0.0%/4          N/A                No
 73         1   No         No           N/A                            N/A                No
 85         1   No         No           N/A                            N/A                No
 87         1   No         Yes          Lock/25_Def/93_0.0%/2          N/A                No
 90         1   No         Yes          Lock/31_Def/87_0.0%/2          N/A                No
 97         1   No         Yes          Lock/27_Def/89_0.0%/4          N/A                No
101         1   No         Yes          Lock/25_Def/55_0.0%/4          N/A                No
103         1   No         Yes          Lock/26_Def/90_0.0%/4          N/A                No
104         1   No         No           N/A                            N/A                No
105         1   No         Yes          Lock/29_Def/88_0.0%/3          N/A                No
107         1   No         Yes          Lock/24_Def/94_0.0%/2          N/A                No
112         1   No         Yes          Lock/32_Def/86_0.0%/2          N/A                No
114         1   No         No           N/A                            N/A                No
115         1   No         No           N/A                            N/A                No
122         1   No         Yes          Lock/25_Def/93_0.0%/2          N/A                No
126         1   No         Yes          Lock/24_Def/94_0.0%/2          N/A                No
130         1   No         Yes          Lock/30_Def/86_0.0%/4          N/A                No
131         1   No         Yes          Lock/29_Def/87_0.0%/4          N/A                No
136         1   No         Yes          Lock/29_Def/87_0.0%/4          N/A                No
137         1   No         Yes          Lock/25_Def/93_0.0%/2          N/A                No
141         1   No         Yes          Lock/26_Def/92_0.0%/2          N/A                No
144         1   No         Yes          Lock/25_Def/93_0.0%/2          N/A                No
153         1   No         Yes          Lock/28_Def/90_0.0%/2          N/A                No
155         1   No         Yes          Lock/25_Def/91_0.0%/4          N/A                No
164         1   No         Yes          Lock/27_Def/91_0.0%/2          N/A                No
167         1   No         No           N/A                            N/A                No
168         1   No         Yes          Lock/28_Def/90_0.0%/2          N/A                No
175         1   No         Yes          Lock/26_Def/90_0.0%/4          N/A                No
176         1   No         Yes          Lock/25_Def/93_0.0%/2          N/A                No
183         1   No         No           N/A                            N/A                No
188         1   No         Yes          Lock/29_Def/89_0.0%/2          N/A                No
192         1   No         No           N/A                            N/A                No
200         1   No         No           N/A                            N/A                No
204         1   No         No           N/A                            N/A                No
206         1   No         No           N/A                            N/A                No
207         1   No         Yes          Lock/29_Def/88_0.0%/3          N/A                No
209         1   No         Yes          Lock/32_Def/84_0.0%/4          N/A                No
212         1   No         Yes          Lock/27_Def/91_0.0%/2          N/A                No
230         1   No         Yes          Lock/32_Def/86_0.0%/2          N/A                No
234         1   No         No           N/A                            N/A                No
235         1   No         No           N/A                            N/A                No
247         1   No         No           N/A                            N/A                No

<CAPTION>
      Ground Lease
  #   (Yes/No)       Letter of Credit Amount ($)
---   ------------   ---------------------------
<S>   <C>            <C>
  9   No                                   $0.00
 11   No                                   $0.00
 16   No                                   $0.00
 19   No                                   $0.00
 22   No                                   $0.00
 25   No                                   $0.00
 27   No                           $3,000,000.00
 32   No                                   $0.00
 34   No                                   $0.00
 35   No                                   $0.00
 39   No                                   $0.00
 40   No                                   $0.00
 41   No                                   $0.00
 42   No                                   $0.00
 43   No                                   $0.00
 46   No                                   $0.00
 48   No                                   $0.00
 49   No                                   $0.00
 53   No                                   $0.00
 55   No                                   $0.00
 56   No                                   $0.00
 60   No                                   $0.00
 62   No                                   $0.00
 64   No                                   $0.00
 65   No                                   $0.00
 66   No                                   $0.00
 67   No                                   $0.00
 68   No                                   $0.00
 69   No                                   $0.00
 70   No                                   $0.00
 71   No                                   $0.00
 73   No                                   $0.00
 85   No                             $280,366.00
 87   No                             $600,000.00
 90   No                                   $0.00
 97   No                                   $0.00
101   No                                   $0.00
103   No                                   $0.00
104   No                                   $0.00
105   No                                   $0.00
107   No                                   $0.00
112   No                                   $0.00
114   No                                   $0.00
115   No                                   $0.00
122   No                                   $0.00
126   No                                   $0.00
130   No                                   $0.00
131   No                                   $0.00
136   No                                   $0.00
137   No                                   $0.00
141   No                                   $0.00
144   No                                   $0.00
153   No                              $14,000.00
155   No                                   $0.00
164   No                                   $0.00
167   No                                   $0.00
168   No                                   $0.00
175   No                                   $0.00
176   No                                   $0.00
183   No                                   $0.00
188   No                                   $0.00
192   No                                   $0.00
200   No                                   $0.00
204   No                                   $0.00
206   Various                              $0.00
207   No                                   $0.00
209   No                                   $0.00
212   No                                   $0.00
230   No                                   $0.00
234   No                                   $0.00
235   No                                   $0.00
247   No                                   $0.00

<CAPTION>
  #   Letter of Credit Description
---   ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>
  9   N/A
 11   N/A
 16   N/A
 19   N/A
 22   N/A
 25   N/A
 27   General LOC
 32   N/A
 34   N/A
 35   N/A
 39   N/A
 40   N/A
 41   N/A
 42   N/A
 43   N/A
 46   N/A
 48   N/A
 49   N/A
 53   N/A
 55   N/A
 56   N/A
 60   N/A
 62   N/A
 64   N/A
 65   N/A
 66   N/A
 67   N/A
 68   N/A
 69   N/A
 70   N/A
 71   N/A
 73   N/A
 85   In lieu of the Monthly Tax, Insurance, Replacement Reserve, and TI/LC Deposits, Borrower has delivered an irrevocalbe letter
      of credit
 87   In lieu of Hollywood Occupancy or Tenet Healthcare Occupancy Reserves
 90   N/A
 97   N/A
101   N/A
103   N/A
104   N/A
105   N/A
107   N/A
112   N/A
114   N/A
115   N/A
122   N/A
126   N/A
130   N/A
131   N/A
136   N/A
137   N/A
141   N/A
144   N/A
153   Laynes Chicken Debt Service Amount
155   N/A
164   N/A
167   N/A
168   N/A
175   N/A
176   N/A
183   N/A
188   N/A
192   N/A
200   N/A
204   N/A
206   N/A
207   N/A
209   N/A
212   N/A
230   N/A
234   N/A
235   N/A
247   N/A

<CAPTION>
      Loan
  #   Group   Loan Seller
---   -----   -----------
<S>   <C>     <C>
  9       1   Capmark
 11       1   Capmark
 16       1   Capmark
 19       1   Capmark
 22       1   Capmark
 25       1   Capmark
 27       2   Capmark
 32       1   Capmark
 34       2   Capmark
 35       1   Capmark
 39       1   Capmark
 40       2   Capmark
 41       2   Capmark
 42       2   Capmark
 43       2   Capmark
 46       2   Capmark
 48       1   Capmark
 49       1   Capmark
 53       2   Capmark
 55       1   Capmark
 56       1   Capmark
 60       2   Capmark
 62       1   Capmark
 64       1   Capmark
 65       2   Capmark
 66       1   Capmark
 67       1   Capmark
 68       1   Capmark
 69       1   Capmark
 70       1   Capmark
 71       2   Capmark
 73       2   Capmark
 85       1   Capmark
 87       1   Capmark
 90       1   Capmark
 97       1   Capmark
101       2   Capmark
103       1   Capmark
104       1   Capmark
105       2   Capmark
107       2   Capmark
112       1   Capmark
114       2   Capmark
115       2   Capmark
122       1   Capmark
126       1   Capmark
130       1   Capmark
131       1   Capmark
136       1   Capmark
137       1   Capmark
141       1   Capmark
144       1   Capmark
153       1   Capmark
155       1   Capmark
164       1   Capmark
167       1   Capmark
168       1   Capmark
175       1   Capmark
176       1   Capmark
183       1   Capmark
188       1   Capmark
192       2   Capmark
200       2   Capmark
204       1   Capmark
206       2   Capmark
207       1   Capmark
209       1   Capmark
212       2   Capmark
230       1   Capmark
234       1   Capmark
235       1   Capmark
247       1   Capmark
</TABLE>

<PAGE>

                                   EXHIBIT B-2

                SCHEDULE OF EXCEPTIONS TO MORTGAGE FILE DELIVERY

                                      None

<PAGE>

                                   EXHIBIT B-3

                         FORM OF CUSTODIAL CERTIFICATION

                                     [date]

Credit Suisse First Boston Mortgage     Capmark Finance Inc.
  Securities Corp.                      116 Welsh Road
11 Madison Avenue                       Horsham, PA 19044-8015
New York, New York  10010

Column Financial, Inc.                  Midland Loan Services, Inc.
3414 Peachtree Road, N.E.               10851 Mastin, Building 82, 7th Floor
Suite 1140                              Overland Park, Kansas  66210
Atlanta, Georgia 30326-1113

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

Ladies and Gentlemen:

            Pursuant to Section 2.02(b) of the Pooling and Servicing Agreement
dated as of March 1, 2007 and related to the above-referenced Certificates (the
"Agreement"), Wells Fargo Bank, N.A. as trustee (the "Trustee"), hereby
certifies as to each Mortgage Loan subject to the Agreement (except as
specifically identified in the exception report attached hereto) that: (i) the
original Mortgage Note specified in clause (i) of the definition of "Mortgage
File" and all allonges thereto, if any (or a copy of such Mortgage Note,
together with a lost note affidavit certifying that the original of such
Mortgage Note has been lost), the original or copy of documents specified in
clauses (ii) through (v), (vii), (ix), (xi), (xii), (xv), (xvi), (xvii) and
(xviii) of the definition of "Mortgage File" and, in the case of a hospitality
property, the documents specified in clause (viii) of the definition of
"Mortgage File" (without regard to the parenthetical), and any other Specially
Designated Mortgage Loan Documents, have been received by it or a Custodian on
its behalf; (ii) if such report is due more than 180 days after the Closing
Date, the recordation/filing contemplated by Section 2.01(d) has been completed
(based solely on receipt by the Trustee of the particular recorded/filed
documents or an appropriate receipt of recording/filing therefor); (iii) all
documents received by it or any Custodian with respect to such Mortgage Loan
have been reviewed by it or by such Custodian on its behalf and (A) appear
regular on their face (handwritten additions, changes or corrections shall not
constitute irregularities if initialed by the Borrower), (B) appear to have been
executed and (C) purport to relate to such Mortgage Loan.

            Other than as stipulated in the Agreement, none of the Trustee, the
Master Servicer, the Special Servicer, or any Custodian (a) is under any duty or
obligation to inspect, review or examine any of the documents, instruments,
certificates or other papers relating to the Mortgage Loans delivered to it to
determine that the same are valid, legal, effective, genuine, binding,
enforceable, sufficient or appropriate for the represented purpose or that they
are other than what they purport to be on their face and (b) shall have any
responsibility for determining whether the text of any assignment or endorsement
is in proper or recordable form, whether the requisite recording of any document
is in accordance with the requirements of any applicable jurisdiction, or
whether a blanket assignment is permitted in any applicable jurisdiction.

            In performing the reviews contemplated by Sections 2.02(a) and
2.02(b) of the Agreement, the Trustee is not under any duty or obligation (A) to
determine whether any of the documents specified in clauses (vi), (x), (xiii),
(xiv), (xvi), (xvii) and (xviii) of the definition of "Mortgage File" and all
documents specified on the related Mortgage Loan checklist referred to in clause
(xix) of the definition of "Mortgage File" exist or are required to be delivered
by the Depositor, the Mortgage Loan Seller or any other Person other than to the
extent identified on the related Mortgage Loan Schedule, or (B) to inspect,
review or examine any of the documents, instruments, certificates or other
papers relating to the Mortgage 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. It is understood that the scope of
the Trustee's review of the Mortgage Files is limited solely to confirming that
the documents specified in clauses (i) through (v), (vii), (ix), (xi), (xii),
(xv) and (xix) and have been received and such additional information as will be
necessary for delivering the certifications required by the Agreement.

            Further, with respect to UCC filings, absent actual knowledge or
copies of UCC filings in the Mortgage File indicating otherwise, the Trustee
shall make the assumptions contemplated by Section 2.02(c) of the Agreement.

            Capitalized terms used herein and not otherwise defined shall have
the respective meanings assigned to them in the Agreement.

                                        Respectfully,

                                        WELLS FARGO BANK, N.A.
                                            as Trustee

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                   EXHIBIT B-4

                      SCHEDULE OF MORTGAGE LOANS COVERED BY
                             ENVIRONMENTAL INSURANCE

1025 Ocean Ave Apartments
CVS--Naples FL
37th Street
Encino Shoppes, LLC
90 Good Drive
80 Windward Ave
Arbors Apartments
Trinity Oaks
CVS New Port Richey
Worthington Apartments
Cades Center
Harbour Bend Office
Windward Plaza
Springwood Apts SC
Tabernacle Towers
U Store
North Fork Crossing
7th & Orange Avenue
Palisades Retail
Twin Pines Apartments
Rufe Snow Plaza
North Highland Shopping Center
Security Storage Tuscaloosa
Stewart Place
Harrington Woods MHP
48-19 Vernon Boulevard
Sagemont Plaza
Worthington Professional Building
1021 National Road
Westside Market Place
Market Place Shopping Center

<PAGE>

                                    EXHIBIT C

                                   [Reserved]

<PAGE>

                                   EXHIBIT D-1

                   FORM OF MASTER SERVICER REQUEST FOR RELEASE

                                     [Date]

Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045-1951
Attention: Mortgage Document Custody - CSMC 2007-C1

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

            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 March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit
Suisse First Boston Mortgage Securities Corp., as depositor, Capmark Finance
Inc., as master servicer (in such capacity, the "Master Servicer"), Midland Loan
Services, Inc., as special servicer, and Wells Fargo Bank, N.A., as trustee (in
such capacity, the "Trustee"), the undersigned, as Master Servicer, hereby
requests a release of the Mortgage File (or the portion thereof specified below)
held by or on behalf of you, as Trustee, with respect to the following described
Mortgage Loan for the reason indicated below.

Property Name:
Address:
Prospectus No.:

If only particular documents in the Mortgage File are requested, please specify
which:

Reason for requesting Mortgage File (or portion thereof):

______      1.       Mortgage Loan paid in full. The undersigned hereby
                     certifies that all amounts received in connection with the
                     Mortgage Loan that are required to be credited to the
                     Collection Account pursuant to the Pooling and Servicing
                     Agreement, have been or will be so credited.

______      2.       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 Mortgage
Loan has been paid in full, in which case the Mortgage File (or such portion
thereof) will be retained by us permanently.

            Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Pooling and Servicing Agreement.

                                        CAPMARK FINANCE INC.,
                                            Master Servicer

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                   EXHIBIT D-2

                  FORM OF SPECIAL SERVICER REQUEST FOR RELEASE

                                     [Date]

Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045-1951
Attention: Mortgage Document Custody - CSMC 2007-C1

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

            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 March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit
Suisse First Boston Mortgage Securities Corp., as depositor, Capmark Finance
Inc., as master servicer, Midland Loan Services, Inc., as special servicer (in
such capacity, the "Special Servicer"), and Wells Fargo Bank, N.A., as trustee
(in such capacity, the "Trustee"), the undersigned, as Special Servicer, hereby
requests a release of the Mortgage File (or the portion thereof specified below)
held by or on behalf of you, as Trustee, with respect to the following described
Mortgage Loan for the reason indicated below.

Property Name:
Address:
Prospectus No.:

If only particular documents in the Mortgage File are requested, please specify
which:

Reason for requesting Mortgage File (or portion thereof):

______      1.  The Mortgage Loan is being foreclosed.

______      2.  Other. (Describe)

<PAGE>

            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 Mortgage
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.,
                                            as Special Servicer

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                    EXHIBIT E

                             FORM OF TRUSTEE REPORT

                              [See Attached Report]

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                         DISTRIBUTION DATE STATEMENT

                                              Table of Contents
<CAPTION>

                     -------------------------------------------------------------------------------
<S>                                                                                        <C>
                        STATEMENT SECTIONS                                                 PAGE(s)
                        ------------------                                                 -------

                        Certificate Distribution Detail                                       2
                        Certificate Factor Detail                                             3
                        Reconciliation Detail                                                 4
                        Other Required Information                                            5
                        Cash Reconciliation Detail                                            6
                        Ratings Detail                                                        7
                        Current Mortgage Loan and Property Stratification Tables           8 - 16
                        Mortgage Loan Detail                                                 17
                        NOI Detail                                                           18
                        Principal Prepayment Detail                                          19
                        Historical Detail                                                    20
                        Delinquency Loan Detail                                              21
                        Specially Serviced Loan Detail                                     22 - 23
                        Advance Summary                                                      24
                        Modified Loan Detail                                                 25
                        Historical Liquidated Loan Detail                                    26
                        Historical Bond / Collateral Realized Loss Reconciliation            27
                        Interest Shortfall Reconciliation Detail                           28 - 29
                        Defeased Loan Detail                                                 30
                        Supplemental Reporting                                               31
                     -------------------------------------------------------------------------------

<CAPTION>
             Depositor                                    Master Servicer                              Special Servicer
--------------------------------------      -------------------------------------------      --------------------------------------
<S>                                         <C>                                              <C>
Credit Suisse First Boston Mortgage         Capmark Finance Inc.                             Midland Loan Services, Inc.
Securities Corp.                            116 Welsh Road                                   10851 Mastin Street, Building 82
11 Madison Avenue, 5th Floor                Horsham, PA 19044-8015                           Overland Park, KS 66210
New York, NY 10010

Contact:    General Information Number      Contact:    Darri Cunningham                     Contact:       Brad Haugher
Phone Number:    (212) 325-2000             Phone Number:  (215) 328-1784                    Phone Number:  (913) 253-9000
--------------------------------------      -------------------------------------------      --------------------------------------

This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the
Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for
the accuracy or completeness of information furnished by third parties.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                       Page 1 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |Reports Available on @ www.ctslink.com/cmbs |
                                                                                     |                                            |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                       Certificate Distribution Detail

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                 Realized Loss/                         Current
            Pass-Through Original Beginning  Principal     Interest   Prepayment Additional Trust   Total      Ending Subordination
Class CUSIP     Rate     Balance   Balance  Distribution Distribution  Premium    Fund Expenses  Distribution Balance     Level(1)
-----------------------------------------------------------------------------------------------------------------------------------
<S>          <C>           <C>       <C>        <C>          <C>         <C>           <C>           <C>        <C>       <C>
 A-1         0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
 A-2         0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
 A-AB        0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
 A-3         0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
A-1-A        0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
 A-M         0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
A-MFL        0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
 A-J         0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
 A-SP        0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  B          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  C          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  D          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  E          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  F          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  G          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  H          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  J          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  K          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  L          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  M          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  N          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  O          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  P          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  Q          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  S          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  T          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  R          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  LR         0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
  V          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
-----------------------------------------------------------------------------------------------------------------------------------
Totals                     0.00      0.00       0.00         0.00        0.00          0.00          0.00       0.00      0.00
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
----------------------------------------------------------------------------------------------
                         Original Beginning                                           Ending
            Pass-Through Notional  Notional   Interest    Prepayment    Total        Notional
Class CUSIP     Rate      Amount    Amount  Distribution   Premium   Distribution     Amount
----------------------------------------------------------------------------------------------
<S>          <C>           <C>       <C>        <C>          <C>         <C>           <C>
A-X          0.000000%     0.00      0.00       0.00         0.00        0.00          0.00
----------------------------------------------------------------------------------------------

(1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending
balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate
to the designated class and dividing the result by (A).

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 2 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     |                                            |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                          Certificate Factor Detail

<CAPTION>
--------------------------------------------------------------------------------------------------------------
                                                                              Realized Loss/
                  Beginning      Principal        Interest      Prepayment    Additional Trust       Ending
Class    CUSIP     Balance      Distribution    Distribution     Premium       Fund Expenses        Balance
--------------------------------------------------------------------------------------------------------------
<S>               <C>            <C>             <C>            <C>              <C>               <C>
 A-1              0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
 A-2              0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
 A-AB             0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
 A-3              0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
A-1-A             0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
 A-M              0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
A-MFL             0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
 A-J              0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
 A-SP             0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  B               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  C               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  D               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  E               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  F               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  G               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  H               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  J               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  K               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  L               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  M               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  N               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  O               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  P               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  Q               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  S               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  T               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  R               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  LR              0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
  V               0.00000000     0.00000000      0.00000000     0.00000000       0.00000000        0.00000000
--------------------------------------------------------------------------------------------------------------
<CAPTION>

---------------------------------------------------------------------------
                  Beginning                                       Ending
                   Notional       Interest       Prepayment      Notional
Class    CUSIP      Amount      Distribution      Premium         Amount
---------------------------------------------------------------------------
<S>               <C>            <C>             <C>            <C>
A-X               0.00000000     0.00000000      0.00000000     0.00000000
---------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 3 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     |                                            |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                            Reconciliation Detail

<CAPTION>
Principal Reconciliation
-----------------------------------------------------------------------------------------------------------------------------------
Loan Group  Stated Beginning Principal    Unpaid Beginning    Scheduled Principal  Unscheduled Principal  Principal Adjustments
            Balance                       Principal Balance
--------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                           <C>                 <C>                  <C>                    <C>
1                                 0.00                 0.00                  0.00                   0.00                   0.00
2                                 0.00                 0.00                  0.00                   0.00                   0.00
--------------------------------------------------------------------------------------------------------------------------------
Total                             0.00                 0.00                  0.00                   0.00                   0.00

<CAPTION>
Loan Group  Realized Loss        Stated Ending          Unpaid Ending         Current Principal
                                 Principal Balance      Principal Balance     Distribution Amount
----------------------------------------------------------------------------------------------------
<S>         <C>                  <C>                    <C>                   <C>
1                    0.00                     0.00                   0.00                    0.00
2                    0.00                     0.00                   0.00                    0.00
----------------------------------------------------------------------------------------------------
Total                0.00                     0.00                   0.00                    0.00

<CAPTION>
Certificate Interest Reconciliation
---------------------------------------------------------------------------------------------

                             Accrued     Net Aggregate     Distributable     Distributable
        Accrual   Accrual  Certificate     Prepayment       Certificate  Certificate Interest
Class    Dates     Days      Interest  Interest Shortfall     Interest        Adjustment
---------------------------------------------------------------------------------------------
<S>        <C>       <C>        <C>            <C>             <C>               <C>
 A-1       0         0          0.00           0.00            0.00              0.00
 A-2       0         0          0.00           0.00            0.00              0.00
 A-AB      0         0          0.00           0.00            0.00              0.00
 A-3       0         0          0.00           0.00            0.00              0.00
A-1-A      0         0          0.00           0.00            0.00              0.00
 A-M       0         0          0.00           0.00            0.00              0.00
A-MFL      0         0          0.00           0.00            0.00              0.00
 A-J       0         0          0.00           0.00            0.00              0.00
 A-SP      0         0          0.00           0.00            0.00              0.00
  B        0         0          0.00           0.00            0.00              0.00
  C        0         0          0.00           0.00            0.00              0.00
  D        0         0          0.00           0.00            0.00              0.00
  E        0         0          0.00           0.00            0.00              0.00
  F        0         0          0.00           0.00            0.00              0.00
  G        0         0          0.00           0.00            0.00              0.00
  H        0         0          0.00           0.00            0.00              0.00
  J        0         0          0.00           0.00            0.00              0.00
  K        0         0          0.00           0.00            0.00              0.00
  L        0         0          0.00           0.00            0.00              0.00
  M        0         0          0.00           0.00            0.00              0.00
  N        0         0          0.00           0.00            0.00              0.00
  O        0         0          0.00           0.00            0.00              0.00
  P        0         0          0.00           0.00            0.00              0.00
  Q        0         0          0.00           0.00            0.00              0.00
  S        0         0          0.00           0.00            0.00              0.00
  T        0         0          0.00           0.00            0.00              0.00
 A-X       0         0          0.00           0.00            0.00              0.00
---------------------------------------------------------------------------------------------
Totals                          0.00           0.00            0.00              0.00
---------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------

              WAC CAP         Additional                   Remaining Unpaid
             Shortfall        Trust Fund     Interest        Distributable
Class                          Expenses    Distribution  Certificate Interest
-----------------------------------------------------------------------------
<S>             <C>              <C>           <C>                <C>
 A-1            0.00             0.00          0.00               0.00
 A-2            0.00             0.00          0.00               0.00
 A-AB           0.00             0.00          0.00               0.00
 A-3            0.00             0.00          0.00               0.00
A-1-A           0.00             0.00          0.00               0.00
 A-M            0.00             0.00          0.00               0.00
A-MFL           0.00             0.00          0.00               0.00
 A-J            0.00             0.00          0.00               0.00
 A-SP           0.00             0.00          0.00               0.00
  B             0.00             0.00          0.00               0.00
  C             0.00             0.00          0.00               0.00
  D             0.00             0.00          0.00               0.00
  E             0.00             0.00          0.00               0.00
  F             0.00             0.00          0.00               0.00
  G             0.00             0.00          0.00               0.00
  H             0.00             0.00          0.00               0.00
  J             0.00             0.00          0.00               0.00
  K             0.00             0.00          0.00               0.00
  L             0.00             0.00          0.00               0.00
  M             0.00             0.00          0.00               0.00
  N             0.00             0.00          0.00               0.00
  O             0.00             0.00          0.00               0.00
  P             0.00             0.00          0.00               0.00
  Q             0.00             0.00          0.00               0.00
  S             0.00             0.00          0.00               0.00
  T             0.00             0.00          0.00               0.00
 A-X            0.00             0.00          0.00               0.00
-----------------------------------------------------------------------------
Totals          0.00             0.00          0.00               0.00
-----------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 4 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                           Other Required Information

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

Available Distribution Amount (1)                                          0.00

Master Servicing Fee Summary

     Current Period Accrued Master Servicing Fees                          0.00

     Less Delinquent Master Servicing Fees                                 0.00

     Less Reductions to Master Servicing Fees                              0.00

     Plus Master Servicing Fees for Delinquent Payments Received           0.00

     Plus Adjustments for Prior Master Servicing Calculation               0.00

     Total Master Servicing Fees Collected                                 0.00

Current 1 Month LIBOR Rate                                            0.000000%
Next 1 Month LIBOR Rate                                               0.000000%

Rating Agency Trigger Event                                                  No
Swap Default                                                                 No

(1) The Available Distribution Amount includes any Prepayment Premiums.

Appraisal Reduction Amount

-------------------------------------------------
          Appraisal    Cumulative    Most Recent
  Loan    Reduction       ASER        App. Red.
 Number     Amount       Amount         Date
-------------------------------------------------

-------------------------------------------------
Total
-------------------------------------------------

<TABLE>
<S>     <C>
-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 5 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                          Cash Reconciliation Detail

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

<S>                                                                                   <C>             <C>
Total Funds Collected
     Interest:
          Interest paid or advanced                                                    0.00
          Interest reductions due to Non-Recoverability Determinations                 0.00
          Interest Adjustments                                                         0.00
          Deferred Interest                                                            0.00
          Net Prepayment Interest Shortfall                                            0.00
          Net Prepayment Interest Excess                                               0.00
          Extension Interest                                                           0.00
          Interest Reserve Withdrawal                                                  0.00
                                                                                             --------------
               Total Interest Collected                                                                0.00

     Principal:
          Scheduled Principal                                                          0.00
          Unscheduled Principal                                                        0.00
               Principal Prepayments                                                   0.00
               Collection of Principal after Maturity Date                             0.00
               Recoveries from Liquidation and Insurance Proceeds                      0.00
               Excess of Prior Principal Amounts paid                                  0.00
               Curtailments                                                            0.00
          Negative Amortization                                                        0.00
          Principal Adjustments                                                        0.00
                                                                                             --------------
               Total Principal Collected                                                               0.00

     Other:
          Prepayment Penalties/Yield Maintenance                                       0.00
          Repayment Fees                                                               0.00
          Borrower Option Extension Fees                                               0.00
          Equity Payments Received                                                     0.00
          Net Swap Counterparty Payments Received                                      0.00
                                                                                             --------------
               Total Other Collected                                                                   0.00
                                                                                             --------------
Total Funds Collected                                                                                  0.00
                                                                                             ==============

Total Funds Distributed
     Fees:
          Master Servicing Fee                                                         0.00
          Trustee Fee                                                                  0.00
          Certificate Administration Fee                                               0.00
          Insurer Fee                                                                  0.00
          Miscellaneous Fee                                                            0.00
                                                                                             --------------
               Total Fees                                                                              0.00

     Additional Trust Fund Expenses:

          Reimbursement for Interest on Advances                                       0.00
          ASER Amount                                                                  0.00
          Special Servicing Fee                                                        0.00
          Rating Agency Expenses                                                       0.00
          Attorney Fees & Expenses                                                     0.00
          Bankruptcy Expense                                                           0.00
          Taxes Imposed on Trust Fund                                                  0.00
          Non-Recoverable Advances                                                     0.00
          Other Expenses                                                               0.00
                                                                                             --------------
               Total Additional Trust Fund Expenses                                                    0.00

     Interest Reserve Deposit                                                                          0.00

     Payments to Certificateholders & Others:
          Interest Distribution                                                        0.00
          Principal Distribution                                                       0.00
          Yield Maintenance/Prepayment Penalties                                       0.00
          Borrower Option Extension Fees                                               0.00
          Equity Payments Paid                                                         0.00
          Net Swap Counterparty Payments Paid                                          0.00
                                                                                             --------------
               Total Payments to Certificateholders & Others                                           0.00
                                                                                             --------------
Total Funds Distributed                                                                                0.00
                                                                                             ==============

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 6 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                                Ratings Detail
<CAPTION>
      ---------------------------------------------------------------------------------------------------------------
                                                   Original Ratings                       Current Ratings  (1)
                                       ------------------------------------------------------------------------------
      Class               CUSIP            Fitch       Moody's       S & P         Fitch       Moody's       S & P
      ---------------------------------------------------------------------------------------------------------------
<S>                       <C>              <C>         <C>           <C>           <C>         <C>           <C>
       A-1
       A-2
       A-AB
       A-3
      A-1-A
       A-M
      A-MFL
       A-J
       A-SP
        B
        C
        D
        E
        F
        G
        H
        J
        K
        L
        M
        N
        O
        P
        Q
        S
        T
       A-X

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

      NR  - Designates that the class was not rated by the above agency at the time of original issuance.
       X  - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance.
      N/A - Data not available this period.

   1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made
   subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained
   directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since
   they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating
   agencies.

<CAPTION>
<S>                                           <C>                                              <C>
Fitch, Inc.                                   Moody's Investors Service                        Standard & Poor's Rating Services
One State Street Plaza                        99 Church Street                                 55 Water Street
New York, New York 10004                      New York, New York 10007                         New York, New York 10041
(212) 908-0500                                (212) 553-0300                                   (212) 438-2430

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 7 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                          Current Mortgage Loan and Property Stratification Tables
                                              Aggregate Pool

<CAPTION>
                      Scheduled Balance                                                       State (3)
----------------------------------------------------------------   ----------------------------------------------------------------
                                 % of                                                               % of
   Scheduled    # of  Scheduled   Agg.  WAM         Weighted                      # of   Scheduled   Agg.  WAM        Weighted
    Balance    Loans   Balance    Bal.  (2)  WAC  Avg DSCR (1)          State     Props   Balance    Bal.  (2)  WAC  Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

See footnotes on last page of this section.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 8 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                           Current Mortgage Loan and Property Stratification Tables
                                                Aggregate Pool

<CAPTION>
               Debt Service Coverage Ratio                                                Property Type (3)
----------------------------------------------------------------   ----------------------------------------------------------------
 Debt Service                    % of                                                               % of
   Coverage     # of  Scheduled   Agg.  WAM  WAC    Weighted          Property    # of   Scheduled   Agg.  WAM  WAC   Weighted
     Ratio     Loans   Balance    Bal.  (2)       Avg DSCR (1)          Type      Props   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

<CAPTION>
                         Note Rate                                                           Seasoning
----------------------------------------------------------------   ----------------------------------------------------------------
                                 % of                                                               % of
     Note       # of  Scheduled   Agg.  WAM  WAC    Weighted                     # of   Scheduled   Agg.  WAM  WAC   Weighted
     Rate      Loans   Balance    Bal.  (2)       Avg DSCR (1)       Seasoning   Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

See footnotes on last page of this section.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 9 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

                           Current Mortgage Loan and Property Stratification Tables
                                                Aggregate Pool

       Anticipated Remaining Term (ARD and Balloon Loans)                   Remaining Stated Term (Fully Amortizing Loans)
----------------------------------------------------------------   ----------------------------------------------------------------
 Anticipated                     % of                                 Remaining                     % of
  Remaining     # of  Scheduled   Agg.  WAM  WAC    Weighted           Stated     # of   Scheduled   Agg.  WAM  WAC   Weighted
   Term (2)    Loans   Balance    Bal.  (2)       Avg DSCR (1)          Term      Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

<CAPTION>
      Remaining Amortization Term (ARD and Balloon Loans)                              Age of Most Recent NOI
----------------------------------------------------------------   ----------------------------------------------------------------
   Remaining                     % of                                                               % of
 Amortization  # of  Scheduled   Agg.  WAM  WAC    Weighted          Age of Most  # of   Scheduled   Agg.  WAM  WAC   Weighted
     Term      Loans   Balance    Bal.  (2)       Avg DSCR (1)        Recent NOI  Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

(1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In
all cases, the most recent DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer,
information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by
the borrower for this calculation.

(2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the
Anticipated Repayment Date, if applicable, and the maturity date.

(3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off
Date balance of each property as disclosed in the offering document.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 10 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                          Current Mortgage Loan and Property Stratification Tables
                                                    Group I

<CAPTION>
                      Scheduled Balance                                                       State (3)
----------------------------------------------------------------   ----------------------------------------------------------------
                                 % of                                                               % of
   Scheduled    # of  Scheduled   Agg.  WAM         Weighted                      # of   Scheduled   Agg.  WAM        Weighted
    Balance    Loans   Balance    Bal.  (2)  WAC  Avg DSCR (1)          State     Props   Balance    Bal.  (2)  WAC  Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

See footnotes on last page of this section.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 11 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                           Current Mortgage Loan and Property Stratification Tables
                                                    Group I

<CAPTION>
               Debt Service Coverage Ratio                                                Property Type (3)
----------------------------------------------------------------   ----------------------------------------------------------------
 Debt Service                    % of                                                               % of
   Coverage     # of  Scheduled   Agg.  WAM  WAC    Weighted          Property    # of   Scheduled   Agg.  WAM  WAC   Weighted
     Ratio     Loans   Balance    Bal.  (2)       Avg DSCR (1)          Type      Props   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

<CAPTION>
                         Note Rate                                                           Seasoning
----------------------------------------------------------------   ----------------------------------------------------------------
                                 % of                                                               % of
     Note       # of  Scheduled   Agg.  WAM  WAC    Weighted                     # of   Scheduled   Agg.  WAM  WAC   Weighted
     Rate      Loans   Balance    Bal.  (2)       Avg DSCR (1)       Seasoning   Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

See footnotes on last page of this section.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 12 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

                           Current Mortgage Loan and Property Stratification Tables
                                                    Group I

       Anticipated Remaining Term (ARD and Balloon Loans)                   Remaining Stated Term (Fully Amortizing Loans)
----------------------------------------------------------------   ----------------------------------------------------------------
 Anticipated                     % of                                 Remaining                     % of
  Remaining     # of  Scheduled   Agg.  WAM  WAC    Weighted           Stated     # of   Scheduled   Agg.  WAM  WAC   Weighted
   Term (2)    Loans   Balance    Bal.  (2)       Avg DSCR (1)          Term      Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

<CAPTION>
      Remaining Amortization Term (ARD and Balloon Loans)                              Age of Most Recent NOI
----------------------------------------------------------------   ----------------------------------------------------------------
   Remaining                     % of                                                               % of
 Amortization  # of   Scheduled   Agg.  WAM  WAC    Weighted         Age of Most  # of   Scheduled   Agg.  WAM  WAC   Weighted
     Term      Loans   Balance    Bal.  (2)       Avg DSCR (1)        Recent NOI  Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

(1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset
level. In all cases, the most recent DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the
Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the
data provided by the borrower for this calculation.

(2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of
the Anticipated Repayment Date, if applicable, and the maturity date.

(3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon
the Cut-off Date balance of each property as disclosed in the offering document.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 13 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

                          Current Mortgage Loan and Property Stratification Tables
                                                  Group II

                      Scheduled Balance                                                       State (3)
----------------------------------------------------------------   ----------------------------------------------------------------
                                 % of                                                               % of
   Scheduled    # of  Scheduled   Agg.  WAM         Weighted                      # of   Scheduled   Agg.  WAM        Weighted
    Balance    Loans   Balance    Bal.  (2)  WAC  Avg DSCR (1)          State     Props   Balance    Bal.  (2)  WAC  Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

See footnotes on last page of this section.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 14 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                           Current Mortgage Loan and Property Stratification Tables
                                                  Group II

<CAPTION>
               Debt Service Coverage Ratio                                                Property Type (3)
----------------------------------------------------------------   ----------------------------------------------------------------
 Debt Service                    % of                                                               % of
   Coverage     # of  Scheduled   Agg.  WAM  WAC    Weighted          Property    # of   Scheduled   Agg.  WAM  WAC   Weighted
     Ratio     Loans   Balance    Bal.  (2)       Avg DSCR (1)          Type      Props   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

<CAPTION>
                         Note Rate                                                           Seasoning
----------------------------------------------------------------   ----------------------------------------------------------------
                                 % of                                                              % of
     Note       # of  Scheduled   Agg.  WAM  WAC    Weighted                     # of   Scheduled   Agg.  WAM  WAC   Weighted
     Rate      Loans   Balance    Bal.  (2)       Avg DSCR (1)       Seasoning   Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

See footnotes on last page of this section.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 15 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

                           Current Mortgage Loan and Property Stratification Tables
                                                  Group II

       Anticipated Remaining Term (ARD and Balloon Loans)                   Remaining Stated Term (Fully Amortizing Loans)
----------------------------------------------------------------   ----------------------------------------------------------------
 Anticipated                     % of                                 Remaining                     % of
  Remaining     # of  Scheduled   Agg.  WAM  WAC    Weighted           Stated     # of   Scheduled   Agg.  WAM  WAC   Weighted
   Term (2)    Loans   Balance    Bal.  (2)       Avg DSCR (1)          Term      Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

<CAPTION>
      Remaining Amortization Term (ARD and Balloon Loans)                              Age of Most Recent NOI
----------------------------------------------------------------   ----------------------------------------------------------------
   Remaining                     % of                                                               % of
 Amortization  # of  Scheduled   Agg.  WAM  WAC    Weighted          Age of Most  # of   Scheduled   Agg.  WAM  WAC   Weighted
     Term      Loans   Balance    Bal.  (2)       Avg DSCR (1)        Recent NOI  Loans   Balance    Bal.  (2)       Avg DSCR (1)
----------------------------------------------------------------   ----------------------------------------------------------------
<S>            <C>    <C>        <C>    <C>  <C>  <C>              <C>            <C>    <C>        <C>    <C>  <C>  <C>

----------------------------------------------------------------   ----------------------------------------------------------------
    Totals                                                             Totals
----------------------------------------------------------------   ----------------------------------------------------------------

(1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset
level. In all cases, the most recent DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the
Servicer, information  the borrower from the offering document is used. The Trustee makes no representations as to the accuracy of
the data provided by for this calculation.

(2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the
Anticipated Repayment Date, if applicable, and the maturity date.

(3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the
Cut-off Date balance of each property as disclosed in the offering document.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 16 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                             Mortgage Loan Detail
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                                Anticipated              Neg.   Beginning   Ending    Paid
Loan          Property               Interest Principal  Gross   Repayment   Maturity   Amort   Scheduled  Scheduled  Thru
Number  ODCR  Type (1)  City  State  Payment  Payment   Coupon     Date        Date     (Y/N)   Balance    Balance    Date
---------------------------------------------------------------------------------------------------------------------------
<S>     <C>   <C>       <C>   <C>    <C>      <C>       <C>     <C>          <C>        <C>     <C>        <C>        <C>

---------------------------------------------------------------------------------------------------------------------------
Totals
---------------------------------------------------------------------------------------------------------------------------

<CAPTION>
---------------------------------------------
         Appraisal  Appraisal   Res.    Mod.
Loan     Reduction  Reduction  Strat.  Code
Number     Date      Amount     (2)     (3)
---------------------------------------------
<S>      <C>        <C>        <C>     <C>

---------------------------------------------
Totals
---------------------------------------------

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

                             (1) Property Type Code
                             ----------------------

                  MF -  Multi-Family            OF - Office
                  RT -  Retail                  MU - Mixed Use
                  HC -  Health Care             LO - Lodging
                  IN -  Industrial              SS - Self Storage
                  WH -  Warehouse               OT - Other
                  MH -  Mobile Home Park

                          (2) Resolution Strategy Code
                          ----------------------------

1 - Modification        6 - DPO                       10 - Deed in Lieu Of
2 - Foreclosure         7 - REO                            Foreclosure
3 - Bankruptcy          8 - Resolved                  11 - Full Payoff
4 - Extension           9 - Pending Return            12 - Reps and Warranties
5 - Note Sale               to Master Servicer        13 - Other or TBD

                             (3) Modification Code
                             ---------------------

                        1 - Maturity Date Extension
                        2 - Amortization Change
                        3 - Principal Write-Off
                        4 - Combination
--------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 17 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                                NOI Detail
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                         Ending          Most          Most       Most Recent     Most Recent
 Loan                 Property                          Scheduled       Recent        Recent        NOI Start       NOI End
Number      ODCR        Type        City     State       Balance      Fiscal NOI       NOI            Date            Date
-----------------------------------------------------------------------------------------------------------------------------------
<S>         <C>       <C>           <C>      <C>        <C>           <C>             <C>         <C>            <C>

------------------------------------------------------------------------------------------------------------------------------------
Totals
------------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 18 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                          Principal Prepayment Detail
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                                Principal Prepayment Amount                   Prepayment Premium
 Loan        Loan      Offering Document  ------------------------------------------------------------------------------------------
Number       Group      Cross-Reference    Payoff Amount     Curtailment Amount    Percentage Premium    Yield Maintenance Charge
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>                 <C>               <C>                   <C>                   <C>

------------------------------------------------------------------------------------------------------------------------------------
Totals
------------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 19 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                               Historical Detail
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------

                                           Delinquencies
-------------------------------------------------------------------------------------------------
Distribution  30-59 Days   60-89 Days   90 Days or More   Foreclosure       REO     Modifications
Date          #  Balance   #  Balance   #       Balance   #   Balance   # Balance   #     Balance
-------------------------------------------------------------------------------------------------
<S>           <C>          <C>          <C>               <C>           <C>         <C>

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

<CAPTION>

               Prepayments                          Rate and Maturities
--------------------------------------------------------------------------------------
Distribution  Curtailments        Payoff        Next Weighted Avg.
Date          #    Balance      #  Balance      Coupon      Remit     WAM
--------------------------------------------------------------------------------------
<S>           <C>               <C>             <C>         <C>       <C>

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

Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 20 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                            Delinquency Loan Detail
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                 Offering      # of                   Current   Outstanding   Status of   Resolution
                 Document      Months   Paid Through   P & I       P & I       Mortgage    Strategy     Servicing      Foreclosure
Loan Number   Cross-Reference  Delinq.      Date      Advances   Advances **   Loan (1)     Code (2)   Transfer Date      Date
-----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>              <C>      <C>           <C>       <C>           <C>         <C>          <C>             <C>

-----------------------------------------------------------------------------------------------------------------------------------
Totals
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

--------------------------------------------------------------
               Actual      Outstanding
              Principal     Servicing       Bankruptcy     REO
Loan Number    Balance      Advances          Date        Date
--------------------------------------------------------------
<S>           <C>          <C>             <C>            <C>

--------------------------------------------------------------
Totals
--------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
                                      (1) Status of Mortgage Loan
                                      ---------------------------
<S>                             <C>                                  <C>
A - Payment Not Received        0 - Current                          4 - Assumed Scheduled Payment
    But Still in Grace Period   1 - One Month Delinquent                 (Performing Matured Loan)
B - Late Payment But Less       2 - Two Months Delinquent            7 - Foreclosure
    Than 1 Month Delinquent     3 - Three or More Months Delinquent  9 - REO

<CAPTION>
                                     (2) Resolution Strategy Code
                                     ----------------------------
<S>                             <C>                                  <C>
1 - Modification                6 - DPO                              10 - Deed In Lieu Of
2 - Foreclosure                 7 - REO                                   Foreclosure
3 - Bankruptcy                  8 - Resolved                         11 - Full Payoff
4 - Extension                   9 - Pending Return                   12 - Reps and Warranties
5 - Note Sale                       to Master Servicer               13 - Other or TBD
-------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 21 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                     Specially Serviced Loan Detail - Part 1
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                            Offering      Servicing    Resolution
Distribution    Loan        Document      Transfer      Strategy    Scheduled   Property          Interest    Actual
    Date        Number   Cross-Reference    Date         Code (1)    Balance    Type (2)   State    Rate     Balance
---------------------------------------------------------------------------------------------------------------------
<S>             <C>      <C>              <C>          <C>          <C>         <C>        <C>    <C>        <C>

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

<CAPTION>

----------------------------------------------------------------------------
                   Net                                          Remaining
Distribution    Operating    NOI            Note    Maturity   Amortization
    Date          Income     Date    DSCR   Date      Date         Term
----------------------------------------------------------------------------
<S>             <C>          <C>     <C>    <C>     <C>        <C>

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

<CAPTION>
                                 (1) Resolution Strategy Code
                                 ----------------------------
<C>                             <C>                                  <C>
1 - Modification                6 - DPO                              10 - Deed in Lieu Of
2 - Foreclosure                 7 - REO                                   Foreclosure
3 - Bankruptcy                  8 - Resolved                         11 - Full Payoff
4 - Extension                   9 - Pending Return                   12 - Reps and Warranties
5 - Note Sale                       to Master Servicer               13 - Other or TBD

<CAPTION>
             (2) Property Type Code
             ----------------------
<S>                             <C>
MF - Multi-Family               OF - Office
RT - Retail                     MU - Mixed Use
HC - Health Care                LO - Lodging
IN - Industrial                 SS - Self Storage
WH - Warehouse                  OT - Other
MH - Mobile Home Park

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 22 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available on the World Wide Web   |
                                                                                     |           @ www.ctslink.com/cmbs           |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                      Specially Serviced Loan Detail - Part 2
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------

                           Offering       Resolution      Site
Distribution   Loan        Document        Strategy    Inspection                 Appraisal   Appraisal      Other REO
    Date       Number   Cross-Reference    Code (1)       Date     Phase 1 Date     Date        Value     Property Revenue   Comment
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>      <C>               <C>          <C>         <C>            <C>         <C>         <C>                <C>

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

<CAPTION>
                                     (1) Resolution Strategy Code
                                     ----------------------------

<C>                             <C>                                  <C>
1 - Modification                6 - DPO                              10 - Deed in Lieu Of
2 - Foreclosure                 7 - REO                                   Foreclosure
3 - Bankruptcy                  8 - Resolved                         11 - Full Payoff
4 - Extension                   9 - Pending Return                   12 - Reps and Warranties
5 - Note Sale                       to Master Servicer               13 - Other or TBD

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 23 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                                      Advanced Summary
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
                                                                                           Current Period Interest
                   Current P&I            Outstanding P&I      Outstanding Servicing       on P&I and Servicing
Loan Group         Advances               Advances             Advances                    Advances Paid
-------------------------------------------------------------------------------------------------------------------
<S>                <C>                    <C>                  <C>                         <C>
    1                     0.00                       0.00                       0.00                          0.00
    2                     0.00                       0.00                       0.00                          0.00
-------------------------------------------------------------------------------------------------------------------
Totals                    0.00                       0.00                       0.00                          0.00
-------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 24 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
--------------------------------------------------------------------------------------------------------------------

                                             Modified Loan Detail
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
          Offering            Pre-           Post-          Pre-
Loan      Document        Modification   Modification   Modification     Modification
Number  Cross-Reference      Balance        Balance     Interest Rate        Date        Modification Description
--------------------------------------------------------------------------------------------------------------------
<S>     <C>               <C>            <C>            <C>                  <C>                      <C>

-----------------------------------------------------------------------------------------------------------------------------------
Totals
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 25 of 31
</TABLE>
<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                             Historical Liquidated Loan Detail
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                  Beginning        Fees,            Most Recent      Gross Sales     Net Proceeds     Net Proceeds
Distribution                      Scheduled        Advances,         Appraised       Proceeds or     Received on     Available for
Date               ODCR           Balance          and Expenses*    Value or BPO    Other Proceeds   Liquidation      Distribution
------------------------------------------------------------------------------------------------------------------------------------
<S>                <C>            <C>              <C>              <C>             <C>              <C>             <C>

------------------------------------------------------------------------------------------------------------------------------------
Current Total
------------------------------------------------------------------------------------------------------------------------------------
Cumulative Total
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

-------------------------------------------------------------------------------------------------------------------
                                      Date of Current     Current Period   Cumulative         Loss to Loan
Distribution          Realized          Period Adj.         Adjustment     Adjustment           with Cum
Date               Loss to Trust          to Trust          to Trust       to Trust           Adj. to Trust
-------------------------------------------------------------------------------------------------------------------
<S>                <C>                 <C>                <C>              <C>                <C>

-------------------------------------------------------------------------------------------------------------------
Current Total
-------------------------------------------------------------------------------------------------------------------
Cumulative Total
-------------------------------------------------------------------------------------------------------------------

* Fees, Advances and Aggregate liquidation Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee,
etc.).

-----------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 26 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                  Historical Bond/Collateral Reallized Loss Reconciliation Detail

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                      Offering                                                           Amounts
                      Document     Beginning      Aggregate      Prior Realized         Covered by           Interest
Distribution           Cross-     Balance at    Realized Loss     Loss Applied           Credit             (Shortage)/
    Date             Reference    Liquidation     on Loans       to Certificates         Support             Excesses
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>          <C>           <C>              <C>               <C>                      <C>

------------------------------------------------------------------------------------------------------------------------------------
Totals
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                        Modification
                         /Appraisal           Additional              Realized Loss       Recoveries of           (Recoveries)/
Distribution             Reduction           (Recoveries)              Applied to        Realized Losses       Losses Applied to
    Date                    Adj.              /Expenses           Certificates to Date    Paid as Cash        Certificate Interest
------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                   <C>                     <C>                    <C>                 <C>

------------------------------------------------------------------------------------------------------------------------------------
Totals
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 27 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                         Interest Shortfall Reconciliation Detail - Part 1
<CAPTION>

   Offering       Stated Principal   Current Ending        Special Servicing Fees
   Document          Balance at        Scheduled      --------------------------------
Cross-Reference     Contribution        Balance       Monthly   Liquidation   Work Out   ASER   (PPIS) Excess
---------------   ----------------   --------------   -------   -----------   --------   ----   -------------
<S>               <C>                <C>              <C>       <C>           <C>        <C>    <C>

<CAPTION>
  Non-Recoverable                 Modified Interest   Additional
  (Scheduled)      Interest on    Rate (Reduction)    Trust Fund
    Interest       Advances          /Excess          Expense
---------------   -----------     -----------------   ----------
<S>               <C>             <C>                 <C>

------------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 28 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
                                         Interest Shortfall Reconciliation Detail - Part 2

   Offering       Stated Principal   Current Ending
   Document          Balance at        Scheduled                      Left to Reimburse   Other (Shortfalls)/
Cross-Reference     Contribution        Balance       Current Month    Master Servicer          Refunds         Comments
---------------   ----------------   --------------   -------------   -----------------   -------------------   --------
<S>               <C>                <C>              <C>             <C>                 <C>                   <C>

---------------   ----------------   --------------   -------------   -----------------   -------------------   --------
Totals
---------------   ----------------   --------------   -------------   -----------------   -------------------   --------
Interest Shortfall Reconcilliation Detail Part 2 Total        0.00

Interest Shortfall Reconcilliation Detail Part 2 Total        0.00

Total Interest Shortfall Allocated to Trust                   0.00

------------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 29 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                                   Defeased Loan Detail

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                    Offering Document        Ending Scheduled
Loan Number          Cross-Reference               Balance             Maturity Date          Note Rate        Defeasance Status
-----------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                      <C>                       <C>                    <C>              <C>

-----------------------------------------------------------------------------------------------------------------------------------
  Totals
-----------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 30 of 31
</TABLE>

<PAGE>

<TABLE>
<S>                        <C>                                                       <C>
       ---------                                                                     ----------------------------------------------
       |[WELLS |                                                                     | For Additional Information, please contact |
       | FARGO |                   Credit Suisse Commercial Mortgage Trust           |          CTSLink Customer Service          |
       | LOGO] |                Commercial Mortgage Pass-Through Certificates        |               (301) 815-6600               |
       ---------                              Series 2007-C1                         |  Reports Available @ www.ctslink.com/cmbs  |
                                                                                     ----------------------------------------------
Wells Fargo Bank, N.A.
Corporate Trust Services                                                             Payment Date:       04/17/2007
9062 Old Annapolis Road                                                              Record Date:        03/30/2007
Columbia, MD 21045-1951                                                              Determination Date:
-----------------------------------------------------------------------------------------------------------------------------------

                                                   Supplemental Reporting

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

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

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

------------------------------------------------------------------------------------------------------------------------------------
Copyright, Wells Fargo Bank, N.A.                                                                                    Page 31 of 31
</TABLE>

<PAGE>

                                  EXHIBIT F-1A

                        FORM I OF TRANSFEROR CERTIFICATE
                  FOR TRANSFERS OF NON-REGISTERED CERTIFICATES

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Fargo Center
Sixth Street and Marquette Avenue
Minneapolis, MN  55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

[OR OTHER CERTIFICATE REGISTRAR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ______ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________]
                  [evidencing a ____% Percentage Interest in the related Class]
                  (the "Transferred Certificates")

Dear Sirs:

            This letter is delivered to you in connection with the transfer by
_________________ (the "Transferor") to _________________ (the "Transferee") of
the captioned Certificates (the "Transferred Certificates") pursuant to Section
5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated as of March 1, 2007, among Credit Suisse First Boston
Mortgage Securities Corp., as depositor (the "Depositor"), Capmark Finance Inc.,
as master servicer (the "Master Servicer"), Midland Loan Services, Inc., as
special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A., as
trustee (the "Trustee"). All capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in the Pooling and
Servicing Agreement. The Transferor hereby certifies, represents and warrants to
you, as Certificate Registrar, and for the benefit of the Depositor and the
Trustee, that:

            1. The Transferor is the lawful owner of the Transferred
Certificates with the full right to transfer such Certificates free from any and
all claims and encumbrances whatsoever.

            2. Neither the Transferor nor anyone acting on its behalf has (a)
offered, transferred, pledged, sold or otherwise disposed of any Transferred
Certificate, any interest in a Transferred Certificate or any other similar
security to any person in any manner, (b) solicited any offer to buy or accept a
transfer, pledge or other disposition of any Transferred Certificate, any
interest in a Transferred Certificate or any other similar security from any
person in any manner, (c) otherwise approached or negotiated with respect to any
Transferred Certificate, any interest in a Transferred Certificate or any other
similar security with any person in any manner, (d) made any general
solicitation with respect to any Transferred Certificate, any interest in a
Transferred Certificate or any other similar security by means of general
advertising or in any other manner, or (e) taken any other action with respect
to any Transferred Certificate, any interest in a Transferred Certificate or any
other similar security, which (in the case of any of the acts described in
clauses (a) through (e) hereof) would constitute a distribution of the
Transferred Certificates under the Securities Act of 1933, as amended (the
"Securities Act"), or would render the disposition of the Transferred
Certificates a violation of Section 5 of the Securities Act or any state
securities laws, or would require registration or qualification of the
Transferred Certificates pursuant to the Securities Act or any state securities
laws.

            3. The Transferor and any person acting on behalf of the Transferor
in this matter reasonably believe that the Transferee is a "qualified
institutional buyer" as that term is defined in Rule 144A ("Rule 144A") under
the Securities Act (a "Qualified Institutional Buyer") purchasing for its own
account or for the account of another person that is itself a Qualified
Institutional Buyer. In determining whether the Transferee is a Qualified
Institutional Buyer, the Transferor and any person acting on behalf of the
Transferor in this matter has relied upon the following method(s) of
establishing the Transferee's ownership and discretionary investments of
securities (check one or more):

            ___   (a) The Transferee's most recent publicly available financial
                  statements, which statements present the information as of a
                  date within 16 months preceding the date of sale of the
                  Transferred Certificates in the case of a U.S. purchaser and
                  within 18 months preceding such date of sale in the case of a
                  foreign purchaser; or

            ___   (b) The most recent publicly available information appearing
                  in documents filed by the Transferee with the Securities and
                  Exchange Commission or another United States federal, state,
                  or local governmental agency or self-regulatory organization,
                  or with a foreign governmental agency or self-regulatory
                  organization, which information is as of a date within 16
                  months preceding the date of sale of the Transferred
                  Certificates in the case of a U.S. purchaser and within 18
                  months preceding such date of sale in the case of a foreign
                  purchaser; or

            ___   (c) The most recent publicly available information appearing
                  in a recognized securities manual, which information is as of
                  a date within 16 months preceding the date of sale of the
                  Transferred Certificates in the case of a U.S. purchaser and
                  within 18 months preceding such date of sale in the case of a
                  foreign purchaser; or

            ___   (d) A certification by the chief financial officer, a person
                  fulfilling an equivalent function, or other executive officer
                  of the Transferee, specifying the amount of securities owned
                  and invested on a discretionary basis by the Transferee as of
                  a specific date on or since the close of the Transferee's most
                  recent fiscal year, or, in the case of a Transferee that is a
                  member of a "family of investment companies," as that term is
                  defined in Rule 144A, a certification by an executive officer
                  of the investment adviser specifying the amount of securities
                  owned by the "family of investment companies" as of a specific
                  date on or since the close of the Transferee's most recent
                  fiscal year.

            ___   (e) Other. (Please specify brief description of method)_______
                  ______________________________________________________________
                  ______________________________________________________________
                  ______________________________________________________________

            4. The Transferor and any person acting on behalf of the Transferor
understand that in determining the aggregate amount of securities owned and
invested on a discretionary basis by an entity for purposes of establishing
whether such entity is a Qualified Institutional Buyer:

            (a) the following instruments and interests shall be excluded:
            securities of issuers that are affiliated with such entity;
            securities that are part of an unsold allotment to or subscription
            by such entity, if such entity is a dealer; securities of issuers
            that are part of such entity's "family of investment companies," if
            such entity is a registered investment company; bank deposit notes
            and certificates of deposit; loan participations; repurchase
            agreements; securities owned but subject to a repurchase agreement;
            and currency, interest rate and commodity swaps;

            (b) the aggregate value of the securities shall be the cost of such
            securities, except where the entity reports its securities holdings
            in its financial statements on the basis of their market value, and
            no current information with respect to the cost of those securities
            has been published, in which case the securities may be valued at
            market; and

            (c) securities owned by subsidiaries of the entity that are
            consolidated with the entity in its financial statements prepared in
            accordance with generally accepted accounting principles may be
            included if the investments of such subsidiaries are managed under
            the direction of the entity, except that, unless the entity is a
            reporting company under Section 13 or 15(d) of the Securities
            Exchange Act of 1934, as amended, securities owned by such
            subsidiaries may not be included if the entity itself is a
            majority-owned subsidiary that would be included in the consolidated
            financial statements of another enterprise.

            5. The Transferor or a person acting on its behalf has taken
reasonable steps to ensure that the Transferee is aware that the Transferor is
relying on the exemption from the provisions of Section 5 of the Securities Act
provided by Rule 144A.

            6. The Transferor or a person acting on its behalf has furnished, or
caused to be furnished, to the Transferee all information regarding (a) the
Depositor, (b) the Transferred Certificates and distributions thereon, (c) the
nature, performance and servicing of the Mortgage Loans, (d) the Pooling and
Servicing Agreement, and (e) all related matters, that the Transferee has
requested.

                                        Very truly yours,

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                  EXHIBIT F-1B

                        FORM II OF TRANSFEROR CERTIFICATE
                  FOR TRANSFERS OF NON-REGISTERED CERTIFICATES

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Fargo Center
Sixth Street and Marquette Avenue
Minneapolis, MN  55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

[OR OTHER CERTIFICATE REGISTRAR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ______ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________]
                  [evidencing a ____% Percentage Interest in the related Class]
                  (the "Transferred Certificates")

Dear Sirs:

            This letter is delivered to you in connection with the transfer by
_________________ (the "Transferor") to _________________ (the "Transferee") of
the captioned Certificates, (the "Transferred Certificates"), pursuant to
Section 5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated as of March 1, 2007, among Credit Suisse First Boston
Mortgage Securities Corp., as depositor (the "Depositor"), Capmark Finance Inc.,
as master servicer (the "Master Servicer"), Midland Loan Services, Inc., as
special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A., as
trustee (the "Trustee"). All capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in the Pooling and
Servicing Agreement. The Transferor hereby certifies, represents and warrants to
you, as Certificate Registrar, and for the benefit of the Depositor and the
Trustee, that:

            1. The Transferor is the lawful owner of the Transferred
Certificates with the full right to transfer such Certificates free from any and
all claims and encumbrances whatsoever.

            2. Neither the Transferor nor anyone acting on its behalf has (a)
offered, transferred, pledged, sold or otherwise disposed of any Transferred
Certificate, any interest in a Transferred Certificate or any other similar
security to any person in any manner, (b) solicited any offer to buy or accept a
transfer, pledge or other disposition of any Transferred Certificate, any
interest in a Transferred Certificate or any other similar security from any
person in any manner, (c) otherwise approached or negotiated with respect to any
Transferred Certificate, any interest in a Transferred Certificate or any other
similar security with any person in any manner, (d) made any general
solicitation with respect to any Transferred Certificate, any interest in a
Transferred Certificate or any other similar security by means of general
advertising or in any other manner, or (e) taken any other action with respect
to any Transferred Certificate, any interest in a Transferred Certificate or any
other similar security, which (in the case of any of the acts described in
clauses (a) through (e) hereof) would constitute a distribution of the
Transferred Certificates under the Securities Act of 1933, as amended (the
"Securities Act"), would render the disposition of the Transferred Certificates
a violation of Section 5 of the Securities Act or any state securities laws, or
would require registration or qualification of the Transferred Certificates
pursuant to the Securities Act or any state securities laws.

                                        Very truly yours,

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                  EXHIBIT F-1C

                        FORM I OF TRANSFEROR CERTIFICATE
                      FOR CERTAIN TRANSFERS OF INTERESTS IN
                          RULE 144A GLOBAL CERTIFICATES

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Fargo Center
Sixth Street and Marquette Avenue,
Minneapolis, MN 55479-0113
Attention: Corporate Services, CSMC 2007-C1

[OR OTHER CERTIFICATE REGISTRAR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ____ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________]
                  [evidencing a _____% Percentage Interest in the related Class]
                  (the "Transferred Certificates")

Dear Sirs:

            This letter is delivered to you in connection with the transfer by
______________________ (the "Transferor") to ______________________ (the
"Transferee") through our respective Depository Participants of the Transferor's
beneficial ownership interest (currently maintained on the books and records of
The Depository Trust Company ("DTC") and the Depository Participants) in the
Transferred Certificates. The Certificates, including the Transferred
Certificates, were issued pursuant to the Pooling and Servicing Agreement (the
"Pooling and Servicing Agreement") dated as of March 1, 2007, among Credit
Suisse First Boston Mortgage Securities Corp., as depositor (the "Depositor"),
Capmark Finance Inc., as master servicer (the "Master Servicer"), Midland Loan
Services, Inc., as special servicer (the "Special Servicer"), and Wells Fargo
Bank, N.A., as trustee (the "Trustee"). All capitalized terms used herein and
not otherwise defined shall have the respective meanings set forth in the
Pooling and Servicing Agreement. The Transferor hereby certifies, represents and
warrants to you, as Certificate Registrar, and for the benefit of the Depositor
and the Trustee, that:

            1. The Transferor is the lawful owner of the Transferred
Certificates with the full right to transfer such Certificates free from any and
all claims and encumbrances whatsoever.

            2. Neither the Transferor nor anyone acting on its behalf has (a)
offered, transferred, pledged, sold or otherwise disposed of any Transferred
Certificate, any interest in a Transferred Certificate or any other similar
security to any person in any manner, (b) solicited any offer to buy or accept a
transfer, pledge or other disposition of any Transferred Certificate, any
interest in a Transferred Certificate or any other similar security from any
person in any manner, (c) otherwise approached or negotiated with respect to any
Transferred Certificate, any interest in a Transferred Certificate or any other
similar security with any person in any manner, (d) made any general
solicitation with respect to any Transferred Certificate, any interest in a
Transferred Certificate or any other similar security by means of general
advertising or in any other manner, or (e) taken any other action with respect
to any Transferred Certificate, any interest in a Transferred Certificate or any
other similar security, which (in the case of any of the acts described in
clauses (a) through (e) hereof) would constitute a distribution of the
Transferred Certificates under the Securities Act of 1933, as amended (the
"Securities Act"), would render the disposition of the Transferred Certificates
a violation of Section 5 of the Securities Act or any state securities laws, or
would require registration or qualification of the Transferred Certificates
pursuant to the Securities Act or any state securities laws.

                                        Very truly yours,

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                  EXHIBIT F-1D

                        FORM II OF TRANSFEROR CERTIFICATE
                      FOR CERTAIN TRANSFERS OF INTERESTS IN
                        REGULATION S GLOBAL CERTIFICATES

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Farog Center
Sixth Street and Marquette Avenue,
Minneapolis, MN 55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

[OR OTHER CERTIFICATE REGISTRAR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ____, Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________]
                  [evidencing a _____% Percentage Interest in the related Class]
                  (the "Transferred Certificates")

Dear Sirs:

                  This letter is delivered to you in connection with the
transfer by ______________________ (the "Transferor") to ______________________
(the "Transferee") through our respective Depository Participants of the
Transferor's beneficial ownership interest (currently maintained on the books
and records of The Depository Trust Company ("DTC") and the Depository
Participants) in the Transferred Certificates. The Certificates, including the
Transferred Certificates, were issued pursuant to the Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement"), dated as of March 1, 2007,
among Credit Suisse First Boston Mortgage Securities Corp., as depositor (the
"Depositor"), Capmark Finance Inc. , as master servicer (the "Master Servicer),
Midland Loan Services, Inc., as special servicer (the "Special Servicer"), and
Wells Fargo Bank, N.A., as trustee (the "Trustee"). All capitalized terms used
and not otherwise defined herein shall have the respective meanings set forth in
the Pooling and Servicing Agreement. The Transferor hereby certifies, represents
and warrants to you, as Certificate Registrar, and for the benefit of the
Depositor and the Trustee, that:

            1. The Transferor is the lawful owner of the Transferred
Certificates with the full right to transfer such Certificates free from any and
all claims and encumbrances whatsoever.

            2. At the time the buy order was originated, the Transferor
reasonably believed that the Transferee was outside the United States, its
territories and possessions.

            3. If the Transferor is a distributor (within the meaning of Rule
902(d) under the Securities Act of 1933, as amended (the "Securities Act")) with
respect to the Transferred Certificates, or an affiliate of such a distributor
or of the Depositor, or a person acting on behalf of such a distributor, the
Depositor or any affiliate of such distributor or of the Depositor, then:

            (a)   the sale of the Transferred Certificates by the Transferor to
                  the Transferee will be executed in, on or through a physical
                  trading floor of an established foreign securities exchange
                  that is located outside the United States, its territories and
                  possessions;

            (b)   no directed selling efforts (within the meaning of Rule 902(c)
                  under the Securities Act) have been made in the United States,
                  its territories and possessions, with respect to the
                  Transferred Certificates by the Transferor, any of its
                  affiliates, or any person acting on behalf of any of the
                  foregoing;

            (c)   all offers and sales, if any, of the Transferred Certificates
                  by or on behalf of the Transferor prior to the expiration of
                  the distribution compliance period specified in category 2 or
                  3 (paragraph (b)(2) or (b)(3)) in Rule 903 under the
                  Securities Act, as applicable, have been and will be made only
                  in accordance with the provisions of Rule 903 or Rule 904
                  under the Securities Act, pursuant to registration of the
                  Transferred Certificates under the Securities Act, or pursuant
                  to an available exemption from the registration requirements
                  of the Securities Act;

            (d)   all offering materials and documents (other than press
                  releases), if any, used in connection with offers and sales of
                  the Transferred Certificates by or on behalf of the Transferor
                  prior to the expiration of the distribution compliance period
                  specified in category 2 or 3 (paragraph (b)(2) or (b)(3)) in
                  Rule 903 under the Securities Act, as applicable, complied
                  with the requirements of Rule 902(g)(2) under the Securities
                  Act; and

            (e)   if the Transferee is a distributor, a dealer or a person
                  receiving a selling concession, a fee or other remuneration
                  and the offer or sale of the Transferred Certificates thereto
                  occurs prior to the expiration of the applicable 40-day
                  distribution compliance period, the Transferor has sent a
                  confirmation or other notice to the Transferee that the
                  Transferee is subject to the same restrictions on offers and
                  sales that apply to a distributor.

            4. If the Transferor is not a distributor with respect to the
Transferred Certificates or an affiliate of such a distributor or of the
Depositor or acting on behalf of such a distributor, the Depositor or any
affiliate of such a distributor or of the Depositor, then:

            (a)   the sale of the Transferred Certificates by the Transferor to
                  the Transferee will be executed in, on or through the
                  facilities of a designated offshore securities market
                  described in paragraph (b) of Rule 902 under the Securities
                  Act, and neither the Transferor nor anyone acting on its
                  behalf knows that such transaction has been prearranged with a
                  buyer in the United States, its territories and possessions;

            (b)   no directed selling efforts (within the meaning of Rule 902(c)
                  under the Securities Act) have been made in the United States,
                  its territories and possessions, with respect to the
                  Transferred Certificates by the Transferor, any of its
                  affiliates, or any person acting on behalf of any of the
                  foregoing;

            (c)   if the Transferee is a dealer or a person receiving a selling
                  concession, a fee or other remuneration and the offer or sale
                  of the Transferred Certificates thereto occurs prior to the
                  expiration of the applicable 40-day distribution compliance
                  period, the Transferor has sent a confirmation or other notice
                  to the Transferee stating that the Transferred Certificates
                  may be offered and sold during the distribution compliance
                  period only in accordance with the provisions of Regulation S
                  under the Securities Act, pursuant to registration of the
                  Transferred Certificates under the Securities Act or pursuant
                  to an available exemption from the registration requirements
                  of the Securities Act.

                                        Very truly yours,

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                  EXHIBIT F-2A

                FORM I OF TRANSFEREE CERTIFICATE FOR TRANSFERS OF
                NON-REGISTERED CERTIFICATES HELD IN PHYSICAL FORM

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Fargo Center
Sixth Street and Marquette Avenue
Minneapolis, MN  55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

[OR OTHER CERTIFICATE REGISTRAR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ______ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________]
                  [evidencing a ____% Percentage Interest in the related Class]
                  (the "Transferred Certificates")

Dear Sirs:

            This letter is delivered to you in connection with the transfer by
_________________ (the "Transferor") to _________________ (the "Transferee") of
the captioned Certificates (the "Transferred Certificates") pursuant to Section
5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated as of March 1, 2007, among Credit Suisse First Boston
Mortgage Securities Corp., as depositor (the "Depositor"), Capmark Finance Inc.,
as master servicer (the "Master Servicer"), Midland Loan Services, Inc., as
special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A., as
trustee (the "Trustee"). All capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in the Pooling and
Servicing Agreement. The Transferee hereby certifies, represents and warrants to
you, as Certificate Registrar, and for the benefit of the Depositor and Trustee,
that:

            1. The Transferee is a "qualified institutional buyer" (a "Qualified
Institutional Buyer") as that term is defined in Rule 144A ("Rule 144A") under
the Securities Act of 1933, as amended (the "Securities Act"), and has completed
one of the forms of certification to that effect attached hereto as Annex 1 and
Annex 2. The Transferee is aware that the sale to it is being made in reliance
on Rule 144A. The Transferee is acquiring the Transferred Certificates for its
own account or for the account of another Qualified Institutional Buyer, and
understands that such Transferred Certificates may be resold, pledged or
transferred only (a) to a person reasonably believed to be a Qualified
Institutional Buyer that purchases for its own account or for the account of
another Qualified Institutional Buyer and to whom notice is given that the
resale, pledge or transfer is being made in reliance on Rule 144A, or (b)
pursuant to another exemption from registration under the Securities Act.

            2. The Transferee has been furnished with all information regarding
(a) the Depositor, (b) the Transferred Certificates and distributions thereon,
(c) the nature, performance and servicing of the Mortgage Loans, (d) the Pooling
and Servicing Agreement and the Trust Fund created pursuant thereto, and (e) all
related matters, that it has requested.

            3. Check one of the following:*

            _______ The Transferee is a "U.S. Person" and it has attached hereto
an Internal Revenue Service ("IRS") Form W-9 (or successor form).

            _______     The Transferee 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
                        Transferred Certificate. The Transferee has attached
                        hereto [(i) a duly executed IRS Form W-8BEN (or
                        successor form), which identifies such Transferee as the
                        beneficial owner of the Transferred Certificate and
                        states that such Transferee is not a U.S. Person, (ii)
                        IRS Form W-8IMY (with all appropriate attachments) or
                        (iii)]** two duly executed copies of IRS Form W-8ECI (or
                        successor form), which identify such Transferee as the
                        beneficial owner of the Transferred Certificate and
                        state that interest and original issue discount on the
                        Transferred Certificate and Permitted Investments is, or
                        is expected to be, effectively connected with a U.S.
                        trade or business. The Transferee agrees to provide to
                        the Certificate Registrar updated [IRS Form W-8BEN, IRS
                        Form W-8IMY or]** IRS Form 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 of certification
                        furnished by it to the Certificate Registrar. [The
                        Transferee hereby consents to any such IRS form or
                        certification being provided to the Swap
                        Counterparty.]***

            For this purpose, "U.S. Person" means a citizen or resident of the
United States, a corporation, partnership (except to the extent provided in
applicable Treasury regulations), or other entity (including any entity treated
as a corporation or partnership for federal income tax purposes) created or
organized in, or under the laws of, the United States, any State thereof or the
District of Columbia, or an estate whose income from sources outside the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States, 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 the authority to control all substantial decisions of the
trust, all within the meaning of Section 7701(a)(30) of the Code (including
certain trusts in existence on August 20, 1996 that are eligible to elect to be
treated as U.S. Persons).

            4. If the Transferee proposes that the Transferred Certificates be
registered in the name of a nominee, such nominee has completed the Nominee
Acknowledgment below.

                                        Very truly yours,

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:

----------

*     Each Transferee must include one of the two alternative certifications.

**    Does not apply to a transfer of Class R or Class LR Certificates.

***   Applies only to transfers of Class A-MFL Certificates.

<PAGE>

                             Nominee Acknowledgment

                  The undersigned hereby acknowledges and agrees that as to the
Transferred Certificates being registered in its name, the sole beneficial owner
thereof is and shall be the Transferee identified above, for whom the
undersigned is acting as nominee.

                                        ________________________________________
                                                       (Nominee)

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                                         ANNEX 1 TO EXHIBIT F-2A

            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

          [For Transferees Other Than Registered Investment Companies]

            The undersigned hereby certifies as follows to [name of Transferor]
(the "Transferor"), and [name of Certificate Registrar], as Certificate
Registrar, with respect to the mortgage pass-through certificates being
transferred (the "Transferred Certificates") as described in the Transferee
certificate to which this certification relates and to which this certification
is an Annex:

            1. As indicated below, the undersigned is the chief financial
officer, a person fulfilling an equivalent function, or other executive officer
of the entity purchasing the Transferred Certificates (the "Transferee").

            2. The Transferee is a "qualified institutional buyer" as that term
is defined in Rule 144A under the Securities Act of 1933, as amended ("Rule
144A") because (i) [the Transferee] [each of the Transferee's equity owners]
owned and/or invested on a discretionary basis $______________________(1) in
securities (other than the excluded securities referred to below) as of the end
of the Transferee's most recent fiscal year (such amount being calculated in
accordance with Rule 144A), and (ii) the Transferee satisfies the criteria in
the category marked below.

      ___   Corporation, etc. The Transferee is a corporation (other than a
            bank, savings and loan association or similar institution),
            Massachusetts or similar business trust, partnership, or any
            organization described in Section 501(c)(3) of the Internal Revenue
            Code of 1986.

      ___   Bank. The Transferee (a) is a national bank or a banking institution
            organized under the laws of any state, U.S. territory or the
            District of Columbia, the business of which is substantially
            confined to banking and is supervised by the state or territorial
            banking commission or similar official or is a foreign bank or
            equivalent institution, and (b) has an audited net worth of at least
            $25,000,000 as demonstrated in its latest annual financial
            statements, a copy of which is attached hereto, as of a date not
            more than 16 months preceding the date of sale of the Transferred
            Certificates in the case of a U.S. bank, and not more than 18 months
            preceding such date of sale in the case of a foreign bank or
            equivalent institution.

      ___   Savings and Loan. The Transferee (a) is a savings and loan
            association, building and loan association, cooperative bank,
            homestead association or similar institution, which is supervised
            and examined by a state or federal authority having supervision over
            any such institutions or is a foreign savings and loan association
            or equivalent institution and (b) has an audited net worth of at
            least $25,000,000 as demonstrated in its latest annual financial
            statements, a copy of which is attached hereto, as of a date not
            more than 16 months preceding the date of sale of the Transferred
            Certificates in the case of a U.S. savings and loan association, and
            not more than 18 months preceding such date of sale in the case of a
            foreign savings and loan association or equivalent institution.

      ___   Broker-dealer. The Transferee is a dealer registered pursuant to
            Section 15 of the Securities Exchange Act of 1934, as amended.

      ___   Insurance Company. The Transferee is an insurance company whose
            primary and predominant business activity is the writing of
            insurance or the reinsuring of risks underwritten by insurance
            companies and which is subject to supervision by the insurance
            commissioner or a similar official or agency of a State, U.S.
            territory or the District of Columbia.

      ___   State or Local Plan. The Transferee is a plan established and
            maintained by a State, its political subdivisions, or any agency or
            instrumentality of the State or its political subdivisions, for the
            benefit of its employees.

      ___   ERISA Plan. The Transferee is an employee benefit plan within the
            meaning of Title I of the Employee Retirement Income Security Act of
            1974.

      ___   Investment Adviser. The Transferee is an investment adviser
            registered under the Investment Advisers Act of 1940, as amended.

      ___   QIB Subsidiary. All of the Transferee's equity owners are "qualified
            institutional buyers" within the meaning of Rule 144A.

      ___   Other. (Please supply a brief description of the entity and a
            cross-reference to the paragraph and subparagraph under subsection
            (a)(1) of Rule 144A pursuant to which it qualifies. Note that
            registered investment companies should complete Annex 2 rather than
            this Annex 1.)______________________________________________________
            ____________________________________________________________________
            ____________________________________________________________________
            ____________________________________________________________________

            3. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by any Person, the Transferee did
not include (i) securities of issuers that are affiliated with such Person, (ii)
securities that are part of an unsold allotment to or subscription by such
Person, if such Person is a dealer, (iii) bank deposit notes and certificates of
deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities
owned but subject to a repurchase agreement and (vii) currency, interest rate
and commodity swaps.

            4. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by any Person, the Transferee
used the cost of such securities to such Person, unless such Person reports its
securities holdings in its financial statements on the basis of their market
value, and no current information with respect to the cost of those securities
has been published, in which case the securities were valued at market. Further,
in determining such aggregate amount, the Transferee may have included
securities owned by subsidiaries of such Person, but only if such subsidiaries
are consolidated with such Person in its financial statements prepared in
accordance with generally accepted accounting principles and if the investments
of such subsidiaries are managed under such Person's direction. However, such
securities were not included if such Person is a majority-owned, consolidated
subsidiary of another enterprise and such Person is not itself a reporting
company under the Securities Exchange Act of 1934, as amended.

            5. The Transferee is familiar with Rule 144A and understands that
the Transferor and other parties related to the Transferred Certificates are
relying and will continue to rely on the statements made herein because one or
more sales to the Transferee may be in reliance on Rule 144A.

         ___      ___      Will the Transferee be purchasing the Transferred
         Yes      No       only Certificates for the Transferee's own account?

            6. If the answer to the foregoing question is "no," then in each
case where the Transferee is purchasing for an account other than its own, such
account belongs to a third party that is itself a "qualified institutional
buyer" within the meaning of Rule 144A, and the "qualified institutional buyer"
status of such third party has been established by the Transferee through one or
more of the appropriate methods contemplated by Rule 144A.

            7. The Transferee will notify each of the parties to which this
certification is made of any changes in the information and conclusions herein.
Until such notice is given, the Transferee's purchase of the Transferred
Certificates will constitute a reaffirmation of this certification as of the
date of such purchase. In addition, if the Transferee is a bank or savings and
loan as provided above, the Transferee agrees that it will furnish to such
parties any updated annual financial statements that become available on or
before the date of such purchase, promptly after they become available.

            8. Capitalized terms used but not defined herein have the respective
meanings ascribed thereto in the Pooling and Servicing Agreement pursuant to
which the Transferred Certificates were issued.

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:
                                            Date:

----------
(1)  Transferee or each of its equity owners must own and/or invest on a
discretionary basis at least $100,000,000 in securities unless Transferee or any
such equity owner, as the case may be, is a dealer, and, in that case,
Transferee or such equity owner, as the case may be, must own and/or invest on a
discretionary basis at least $10,000,000 in securities.

<PAGE>

                                                         ANNEX 2 TO EXHIBIT F-2A

            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

           [For Transferees That Are Registered Investment Companies]

            The undersigned hereby certifies as follows to [name of Transferor]
(the "Transferor"), and [name of Certificate Registrar], as Certificate
Registrar, with respect to the mortgage pass-through certificates (the
"Transferred Certificates") described in the Transferee certificate to which
this certification relates and to which this certification is an Annex:

            1. As indicated below, the undersigned is the chief financial
officer, a person fulfilling an equivalent function, or other executive officer
of the entity purchasing the Transferred Certificates (the "Transferee") or, if
the Transferee is a "qualified institutional buyer" as that term is defined in
Rule 144A under the Securities Act of 1933, as amended ("Rule 144A") because the
Transferee is part of a Family of Investment Companies (as defined below), is an
executive officer of the investment adviser (the "Adviser").

            2. The Transferee is a "qualified institutional buyer" as defined in
Rule 144A because (i) the Transferee is an investment company registered under
the Investment Company Act of 1940, and (ii) as marked below, the Transferee
alone owned and/or invested on a discretionary basis, or the Transferee's Family
of Investment Companies owned, at least $100,000,000 in securities (other than
the excluded securities referred to below) as of the end of the Transferee's
most recent fiscal year. For purposes of determining the amount of securities
owned by the Transferee or the Transferee's Family of Investment Companies, the
cost of such securities was used, unless the Transferee or any member of the
Transferee's Family of Investment Companies, as the case may be, reports its
securities holdings in its financial statements on the basis of their market
value, and no current information with respect to the cost of those securities
has been published, in which case the securities of such entity were valued at
market.

____        The Transferee owned and/or invested on a discretionary basis
            $___________________ in securities (other than the excluded
            securities referred to below) as of the end of the Transferee's most
            recent fiscal year (such amount being calculated in accordance with
            Rule 144A).

____        The Transferee is part of a Family of Investment Companies which
            owned in the aggregate $______________ in securities (other than the
            excluded securities referred to below) as of the end of the
            Transferee's most recent fiscal year (such amount being calculated
            in accordance with Rule 144A).

            3. The term "Family of Investment Companies" as used herein means
two or more registered investment companies (or series thereof) that have the
same investment adviser or investment advisers that are affiliated (by virtue of
being majority owned subsidiaries of the same parent or because one investment
adviser is a majority owned subsidiary of the other).

            4. The term "securities" as used herein does not include (i)
securities of issuers that are affiliated with the Transferee or are part of the
Transferee's Family of Investment Companies, (ii) bank deposit notes and
certificates of deposit, (iii) loan participations, (iv) repurchase agreements,
(v) securities owned but subject to a repurchase agreement and (vi) currency,
interest rate and commodity swaps. For purposes of determining the aggregate
amount of securities owned and/or invested on a discretionary basis by the
Transferee, or owned by the Transferee's Family of Investment Companies, the
securities referred to in this paragraph were excluded.

            5. The Transferee is familiar with Rule 144A and understands that
the Transferor and other parties related to the Transferred Certificates are
relying and will continue to rely on the statements made herein because one or
more sales to the Transferee will be in reliance on Rule 144A.

         ___      ___     Will the Transferee be purchasing the Transferred
         Yes      No      Certificates only for the Transferee's own account?

            6. If the answer to the foregoing question is "no," then in each
case where the Transferee is purchasing for an account other than its own, such
account belongs to a third party that is itself a "qualified institutional
buyer" within the meaning of Rule 144A, and the "qualified institutional buyer"
status of such third party has been established by the Transferee through one or
more of the appropriate methods contemplated by Rule 144A.

            7. The undersigned will notify the parties to which this
certification is made of any changes in the information and conclusions herein.
Until such notice, the Transferee's purchase of the Transferred Certificates
will constitute a reaffirmation of this certification by the undersigned as of
the date of such purchase.

            8. Capitalized terms used but not defined herein have the respective
meanings ascribed thereto in the Pooling and Servicing Agreement pursuant to
which the Transferred Certificates were issued.

<PAGE>

                                        ________________________________________
                                        (Print Name of Transferee or Adviser)

                                        By: ____________________________________
                                            Name:
                                            Title:

                                        IF AN ADVISER:

                                        ________________________________________
                                        (Print Name of Transferee)

                                        Date:

<PAGE>

                                  EXHIBIT F-2B

               FORM II OF TRANSFEREE CERTIFICATE FOR TRANSFERS OF
                NON-REGISTERED CERTIFICATES HELD IN PHYSICAL FORM

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Fargo Center
Sixth Street and Marquette Avenue
Minneapolis, MN  55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

[OR OTHER CERTIFICATE REGISTRAR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ___ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________]
                  [evidencing a ____% Percentage Interest in the related Class]
                  (the "Transferred Certificates")

Ladies and Gentlemen:

            This letter is delivered to you in connection with the transfer by
_______________________ (the "Transferor") to _______________________________
(the "Transferee") of the Transferred Certificates pursuant to Section 5.02 of
the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"),
dated as of March 1, 2007, among Credit Suisse First Boston Mortgage Securities
Corp., as depositor (the "Depositor"), Capmark Finance Inc., as master servicer
(the "Master Servicer"), Midland Loan Services, Inc., as special servicer (the
"Special Servicer"), and Wells Fargo Bank, N.A., as trustee (the "Trustee"). All
capitalized terms used herein and not otherwise defined shall have the
respective meanings set forth in the Pooling and Servicing Agreement. The
Transferee hereby certifies, represents and warrants to you, as Certificate
Registrar, and for the benefit of the Depositor and Trustee, that:

            1. Transferee is acquiring the Transferred Certificates for its own
account for investment and not with a view to or for sale or transfer in
connection with any distribution thereof, in whole or in part, in any manner
which would violate the Securities Act of 1933, as amended (the "Securities
Act"), or any applicable state securities laws.

            2. Transferee understands that (a) the Transferred Certificates have
not been and will not be registered under the Securities Act or registered or
qualified under any applicable state securities laws, (b) neither the Depositor
nor the Trustee is obligated so to register or qualify the Transferred
Certificates, and (c) neither the Transferred Certificates nor any security
issued in exchange therefor or in lieu thereof nor any interest therein may be
resold or transferred unless it is (i) registered pursuant to the Securities Act
and registered or qualified pursuant to any applicable state securities laws or
(ii) sold or transferred in a transaction which is exempt from such registration
and qualification and the Certificate Registrar has received (A) a certificate
from the prospective transferor substantially in the form attached as Exhibit
F-1A to the Pooling and Servicing Agreement, (B) a certificate from the
prospective transferor substantially in the form attached as Exhibit F-1B to the
Pooling and Servicing Agreement and a certificate from the prospective
transferee substantially in the form attached either as Exhibit F-2A or as
Exhibit F-2B to the Pooling and Servicing Agreement, or (C) an Opinion of
Counsel satisfactory to the Certificate Registrar that the transfer may be made
without registration under the Securities Act, together with the written
certification(s) as to the facts surrounding the transfer from the prospective
transferor and/or prospective transferee upon which such Opinion of Counsel is
based.

            3. The Transferee understands that it may not sell or otherwise
transfer any Transferred Certificate, any security issued in exchange therefor
or in lieu thereof or any interest in the foregoing except in compliance with
the provisions of Section 5.02 of the Pooling and Servicing Agreement, which
provisions it has carefully reviewed, and that each Transferred Certificate will
bear legends substantially to the following effect:

            THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE
            SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE
            SECURITIES LAWS OF ANY STATE. ANY RESALE, PLEDGE, TRANSFER OR OTHER
            DISPOSITION OF THIS CERTIFICATE OR ANY INTEREST HEREIN WITHOUT SUCH
            REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION
            WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH
            IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING
            AND SERVICING AGREEMENT REFERRED TO HEREIN.

            NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE
            TO (A) ANY RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
            ARRANGEMENT THAT IS SUBJECT TO SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
            EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR
            (B) ANY PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS
            CERTIFICATE OR ANY INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY
            OF, AS TRUSTEE OF, OR WITH ASSETS OF ANY SUCH RETIREMENT PLAN OR
            OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, EXCEPT IN ACCORDANCE
            WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING
            AGREEMENT REFERRED TO HEREIN.

            THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN INTEREST HAS
            NOT BEEN REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT
            COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT").
            ACCORDINGLY, THIS CERTIFICATE MAY NOT BE RESOLD, PLEDGED OR
            OTHERWISE TRANSFERRED EXCEPT TO (1) A QUALIFIED INSTITUTIONAL BUYER
            WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A
            "QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR
            WITHIN THE MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a)
            OF REGULATION D UNDER THE SECURITIES ACT OR AN ENTITY IN WHICH ALL
            THE EQUITY OWNERS ARE DESCRIBED BY SUCH PARAGRAPHS (AN
            "INSTITUTIONAL ACCREDITED INVESTOR").

            4. Neither the Transferee nor anyone acting on its behalf has (a)
offered, transferred, pledged, sold or otherwise disposed of any Transferred
Certificate, any interest in a Transferred Certificate or any other similar
security to any person in any manner, (b) solicited any offer to buy or accept a
transfer, pledge or other disposition of any Transferred Certificate, any
interest in a Transferred Certificate or any other similar security from any
person in any manner, (c) otherwise approached or negotiated with respect to any
Transferred Certificate, any interest in a Transferred Certificate or any other
similar security with any person in any manner, (d) made any general
solicitation by means of general advertising or in any other manner, or (e)
taken any other action, that (in the case of any of the acts described in
clauses (a) through (e) above) would constitute a distribution of the
Transferred Certificates under the Securities Act, would render the disposition
of the Transferred Certificates a violation of Section 5 of the Securities Act
or any state securities law or would require registration or qualification of
the Transferred Certificates pursuant thereto. The Transferee will not act, nor
has it authorized nor will it authorize any person to act, in any manner set
forth in the foregoing sentence with respect to the Transferred Certificates,
any interest in the Transferred Certificates or any other similar security.

            5. The Transferee has been furnished with all information regarding
(a) the Depositor, (b) the Transferred Certificates and distributions thereon,
(c) nature, performance and servicing of the Mortgage Loans, (d) the Pooling and
Servicing Agreement and the Trust Fund created pursuant thereto and (e) all
related matters, that it has requested.

            6. The Transferee is an "accredited investor" within the meaning of
paragraph (1), (2), (3) or (7) of Rule 501(a) under the Securities Act or an
entity in which all the equity owners come within such paragraphs and has such
knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of an investment in the Transferred
Certificates; the Transferee has sought such accounting, legal and tax advice as
it has considered necessary to make an informed investment decision; and the
Transferee is able to bear the economic risks of such an investment and can
afford a complete loss of such investment.

            7. Check one of the following:*

            _______ The Transferee is a "U.S. Person" and it has attached hereto
an Internal Revenue Service ("IRS") Form W-9 (or successor form).

            _______ The Transferee 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
Transferred Certificate. The Transferee has attached hereto [(i) a duly executed
IRS Form W-8BEN (or successor form), which identifies such Transferee as the
beneficial owner of the Transferred Certificate and states that such Transferee
is not a U.S. Person, (ii) IRS Form W-8IMY (with all appropriate attachments) or
(iii)]** two duly executed copies of IRS Form W-8ECI (or successor form), which
identify such Transferee as the beneficial owner of the Transferred Certificate
and state that interest and original issue discount on the Transferred
Certificate and Permitted Investments is, or is expected to be, effectively
connected with a U.S. trade or business. The Transferee agrees to provide to the
Certificate Registrar updated [IRS Form W-8BEN, IRS Form W-8IMY or]** IRS Form
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 of certification furnished by it to the Certificate
Registrar. [The Transferee hereby consents to any such IRS form or certification
being provided to the Swap Counterparty.]***

            For this purpose, "U.S. Person" means a citizen or resident of the
United States, a corporation, partnership (except to the extent provided in
applicable Treasury regulations), or other entity (including any entity treated
as a corporation or partnership for federal income tax purposes) created or
organized in, or under the laws of, the United States, any State thereof or the
District of Columbia, or an estate whose income from sources outside the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States, 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 the authority to control all substantial decisions of the
trust, all within the meaning of Section 7701(a)(30) of the Code (including
certain trusts in existence on August 20, 1996 that are eligible to elect to be
treated as U.S. Persons).

            8. If the Transferee proposes that the Transferred Certificates be
registered in the name of a nominee, such nominee has completed the Nominee
Acknowledgment below.

                                        Very truly yours,

                                        ________________________________________
                                        (Transferor)

                                        By: ____________________________________
                                            Name:
                                            Title:

----------

*     Each Transferee must include one of the two alternative certifications.

**    Does not apply to a transfer of Class R or Class LR Certificates.

***   Applies only to transfers of Class A-MFL Certificates.

<PAGE>

                             Nominee Acknowledgment

                  The undersigned hereby acknowledges and agrees that as to the
Transferred Certificates being registered in its name, the sole beneficial owner
thereof is and shall be the Transferee identified above, for whom the
undersigned is acting as nominee.

                                        ________________________________________
                                        (Nominee)

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>
                                  EXHIBIT F-2C

                        FORM I OF TRANSFEREE CERTIFICATE
            FOR TRANSFERS OF INTERESTS IN NON-REGISTERED CERTIFICATES
                             HELD IN BOOK-ENTRY FORM

                                     [Date]

[TRANSFEROR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class __ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________] (the
                  "Transferred Certificates")

Ladies and Gentlemen:

            This letter is delivered to you in connection with the Transfer by
_________________ (the "Transferor") to _________________ (the "Transferee")
through our respective Depository Participants of the Transferor's beneficial
ownership interest (currently maintained on the books and records of The
Depository Trust Company ("DTC"), and the Depository Participants) in the
Transferred Certificates. The Certificates, including the Transferred
Certificates, were issued pursuant to the Pooling and Servicing Agreement, dated
as of March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit Suisse
First Boston Mortgage Securities Corp., as depositor (the "Depositor"), Capmark
Finance Inc., as master servicer (the "Master Servicer"), Midland Loan Services,
Inc., as special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A.,
as trustee (the "Trustee"). All capitalized terms used but not otherwise defined
herein shall have the respective meanings set forth in the Pooling and Servicing
Agreement. The Transferee hereby certifies, represents and warrants to you, and
for the benefit of the Depositor, the Trustee and the Certificate Registrar,
that:

            1. The Transferee is a "qualified institutional buyer" (a "Qualified
Institutional Buyer") as that term is defined in Rule 144A ("Rule 144A") under
the Securities Act of 1933, as amended (the "Securities Act"), and has completed
one of the forms of certification to that effect attached hereto as Annex 1 and
Annex 2. The Transferee is aware that the Transfer to it of the Transferor's
interest in the Transferred Certificates is being made in reliance on Rule 144A.
The Transferee is acquiring such interest in the Transferred Certificates for
its own account or for the account of a Qualified Institutional Buyer.

            2. The Transferee understands that (a) the Transferred Certificates
have not been and will not be registered under the Securities Act or registered
or qualified under any applicable state securities laws, (b) neither the
Depositor nor the Trustee is obligated so to register or qualify the Transferred
Certificates, and (c) neither the Transferred Certificates nor any security
issued in exchange therefor or in lieu thereof nor any interest therein may be
resold or transferred unless it is (i) registered pursuant to the Securities Act
and registered or qualified pursuant any applicable state securities laws or
(ii) sold or transferred in transactions which are exempt from such registration
and qualification and the Transferor desiring to effect such transfer has
received either (A) a certificate from the prospective transferee substantially
in the form attached either as Exhibit F-2C to the Pooling and Servicing
Agreement or as Exhibit F-2D to the Pooling and Servicing Agreement or (B) an
Opinion of Counsel satisfactory to the Certificate Registrar to the effect that
such transfer may be made without registration under the Securities Act,
together with the written certification(s) as to the facts surrounding the
transfer from the prospective transferor and/or prospective transferee upon
which such Opinion of Counsel is based.

            3. The Transferee understands that it may not sell or otherwise
transfer any Transferred Certificate, any security issued in exchange therefor
or in lieu thereof or any interest in the foregoing except in compliance with
the provisions of Section 5.02 of the Pooling and Servicing Agreement, which
provisions it has carefully reviewed, and that each Transferred Certificate will
bear legends substantially to the following effect:

            THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE
            SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE
            SECURITIES LAWS OF ANY STATE. ANY RESALE, PLEDGE, TRANSFER OR OTHER
            DISPOSITION OF THIS CERTIFICATE OR ANY INTEREST HEREIN WITHOUT SUCH
            REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION
            WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH
            IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING
            AND SERVICING AGREEMENT REFERRED TO HEREIN.

            NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE
            TO (A) ANY RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
            ARRANGEMENT THAT IS SUBJECT TO SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
            EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE OR
            (B) ANY PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS
            CERTIFICATE OR SUCH INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY
            OF, AS TRUSTEE OF, OR WITH ASSETS OF ANY SUCH RETIREMENT PLAN OR
            OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, EXCEPT IN ACCORDANCE
            WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING
            AGREEMENT REFERRED TO HEREIN.

            THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN INTEREST HAS
            NOT BEEN REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT
            COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT").
            ACCORDINGLY, THIS CERTIFICATE MAY NOT BE RESOLD, PLEDGED OR
            OTHERWISE TRANSFERRED EXCEPT TO (1) A QUALIFIED INSTITUTIONAL BUYER
            WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A
            "QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR
            WITHIN THE MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a)
            OF REGULATION D UNDER THE SECURITIES ACT OR AN ENTITY IN WHICH ALL
            THE EQUITY OWNERS ARE DESCRIBED BY SUCH PARAGRAPHS (AN
            "INSTITUTIONAL ACCREDITED INVESTOR").

            4. The Transferee has been furnished with all information regarding
(a) The Depositor, (b) the Transferred Certificates and distributions thereon,
(c) the nature, performance and servicing of the Mortgage Loans, (d) the Pooling
and Servicing Agreement, and (e) all related matters, that it has requested.

            5. Check one of the following:(2)

            _______ The Transferee is a "U.S. Person" and it has attached hereto
an Internal Revenue Service ("IRS") Form W-9 (or successor form).

            _______ The Transferee 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
Transferred Certificate. The Transferee has attached hereto [(i) a duly executed
IRS Form W-8BEN (or successor form), which identifies such Transferee as the
beneficial owner of the Transferred Certificate and states that such Transferee
is not a U.S. Person, (ii) IRS Form W-8IMY (with all appropriate attachments) or
(iii)]** two duly executed copies of IRS Form W-8ECI (or successor form), which
identify such Transferee as the beneficial owner of the Transferred Certificate
and state that interest and original issue discount on the Transferred
Certificate and Permitted Investments is, or is expected to be, effectively
connected with a U.S. trade or business. The Transferee agrees to provide to the
Certificate Registrar updated [IRS Form W-8BEN, IRS Form W-8IMY or]** IRS Form
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 of certification furnished by it to the Certificate
Registrar.

            For this purpose, "U.S. Person" means a citizen or resident of the
United States, a corporation, partnership (except to the extent provided in
applicable Treasury regulations), or other entity (including any entity treated
as a corporation or partnership for federal income tax purposes) created or
organized in, or under the laws of, the United States, any State thereof or the
District of Columbia, or an estate whose income from sources outside the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States, 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 the authority to control all substantial decisions of the
trust, all within the meaning of Section 7701(a)(30) of the Code (including
certain trusts in existence on August 20, 1996 that are eligible to elect to be
treated as U.S. Persons).

                                        Very truly yours,

                                        ________________________________________
                                        (Transferee)

                                        By:_____________________________________
                                           Name:
                                           Title:

----------

*     Each Transferee must include one of the two alternative certifications.

**    Does not apply to a transfer of Class R or Class LR Certificates.

<PAGE>

                                                         ANNEX 1 TO EXHIBIT F-2C

            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

          [for Transferees other than Registered Investment Companies]

            The undersigned hereby certifies as follows to [name of Transferor]
(the "Transferor"), and for the benefit of Credit Suisse First Boston Mortgage
Securities Corp. with respect to the mortgage pass-through certificates being
transferred in book-entry form (the "Transferred Certificates") as described in
the Transferee certificate to which this certification relates and to which this
certification is an Annex:

            1. As indicated below, the undersigned is the chief financial
officer, a person fulfilling an equivalent function, or other executive officer
of the entity acquiring interests in the Transferred Certificates (the
"Transferee").

            2. The Transferee is a "qualified institutional buyer" as that term
is defined in Rule 144A under the Securities Act of 1933, as amended ("Rule
144A") because (i) [the Transferee] [each of the Transferee's equity owners]
owned and/or invested on a discretionary basis $______________________(3) in
securities (other than the excluded securities referred to below) as of the end
of the Transferee's most recent fiscal year (such amount being calculated in
accordance with Rule 144A), and (ii) the Transferee satisfies the criteria in
the category marked below.

      ___   Corporation, etc. The Transferee is a corporation (other than a
            bank, savings and loan association or similar institution),
            Massachusetts or similar business trust, partnership, or any
            organization described in Section 501(c)(3) of the Internal Revenue
            Code of 1986.

      ___   Bank. The Transferee (a) is a national bank or a banking institution
            organized under the laws of any State, U.S. territory or the
            District of Columbia, the business of which is substantially
            confined to banking and is supervised by the State or territorial
            banking commission or similar official or is a foreign bank or
            equivalent institution, and (b) has an audited net worth of at least
            $25,000,000 as demonstrated in its latest annual financial
            statements, a copy of which is attached hereto, as of a date not
            more than 16 months preceding the date of sale of the Transferred
            Certificates in the case of a U.S. bank, and not more than 18 months
            preceding such date of sale for a foreign bank or equivalent
            institution.

      ___   Savings and Loan. The Transferee (a) is a savings and loan
            association, building and loan association, cooperative bank,
            homestead association or similar institution, which is supervised
            and examined by a State or Federal authority having supervision over
            any such institutions or is a foreign savings and loan association
            or equivalent institution and (b) has an audited net worth of at
            least $25,000,000 as demonstrated in its latest annual financial
            statements, a copy of which is attached hereto, as of a date not
            more than 16 months preceding the date of sale of the Transferred
            Certificates in the case of a U.S. savings and loan association, and
            not more than 18 months preceding such date of sale in the case of a
            foreign savings and loan association or equivalent institution.

      ___   Broker-dealer. The Transferee is a dealer registered pursuant to
            Section 15 of the Securities Exchange Act of 1934, as amended.

      ___   Insurance Company. The Transferee is an insurance company whose
            primary and predominant business activity is the writing of
            insurance or the reinsuring of risks underwritten by insurance
            companies and which is subject to supervision by the insurance
            commissioner or a similar official or agency of a State, U.S.
            territory or the District of Columbia.

      ___   State or Local Plan. The Transferee is a plan established and
            maintained by a State, its political subdivisions, or any agency or
            instrumentality of the State or its political subdivisions, for the
            benefit of its employees.

      ___   ERISA Plan. The Transferee is an employee benefit plan within the
            meaning of Title I of the Employee Retirement Income Security Act of
            1974.

      ___   Investment Adviser. The Transferee is an investment adviser
            registered under the Investment Advisers Act of 1940, as amended.

      ___   QIB Subsidiary. All of the Transferee's equity owners are "qualified
            institutional buyers" within the meaning of Rule 144A.

      ___   Other. (Please supply a brief description of the entity and a
            cross-reference to the paragraph and subparagraph under subsection
            (a)(1) of Rule 144A pursuant to which it qualifies. Note that
            registered investment companies should complete Annex 2 rather than
            this Annex 1.)

            3. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by the Transferee, the Transferee
did not include (i) securities of issuers that are affiliated with such Person,
(ii) securities that are part of an unsold allotment to or subscription by such
Person, if such Person is a dealer, (iii) bank deposit notes and certificates of
deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities
owned but subject to a repurchase agreement and (vii) currency, interest rate
and commodity swaps.

            4. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by any such Person, the
Transferee used the cost of such securities to such Person, unless such Person
reports its securities holdings in its financial statements on the basis of
their market value, and no current information with respect to the cost of those
securities has been published, in which case the securities were valued at
market. Further, in determining such aggregate amount, the Transferee may have
included securities owned by subsidiaries of such Person, but only if such
subsidiaries are consolidated with such Person in its financial statements
prepared in accordance with generally accepted accounting principles and if the
investments of such subsidiaries are managed under such Person's direction.
However, such securities were not included if such Person is a majority-owned,
consolidated subsidiary of another enterprise and such Person is not itself a
reporting company under the Securities Exchange Act of 1934, as amended.

            5. The Transferee acknowledges that it is familiar with Rule 144A
and understands that the Transferor and other parties related to the Transferred
Certificates are relying and will continue to rely on the statements made herein
because one or more Transfers to the Transferee may be in reliance on Rule 144A.

         ___      ___     Will the Transferee be purchasing the Transferred
         Yes      No      Certificates only for the Transferee's own account?

            6. If the answer to the foregoing question is "no," then in each
case where the Transferee is acquiring any interest in the Transferred
Certificates for an account other than its own, such account belongs to a third
party that is itself a "qualified institutional buyer" within the meaning of
Rule 144A, and the "qualified institutional buyer" status of such third party
has been established by the Transferee through one or more of the appropriate
methods contemplated by Rule 144A.

            7. The Transferee will notify each of the parties to which this
certification is made of any changes in the information and conclusions herein.
Until such notice is given, the Transferee's acquisition of any interest in of
the Transferred Certificates will constitute a reaffirmation of this
certification as of the date of such acquisition. In addition, if the Transferee
is a bank or savings and loan as provided above, the Transferee agrees that it
will furnish to such parties any updated annual financial statements that become
available on or before the date of such acquisition, promptly after they become
available.

            8. Capitalized terms used but not defined herein have the meanings
ascribed thereto in the Pooling and Servicing Agreement pursuant to which the
Transferred Certificates were issued.

                                        ________________________________________
                                        (Transferee)

                                        By:_____________________________________
                                           Name:
                                           Title:

----------

*  Transferee or each of its equity owners must own and/or invest on a
discretionary basis at least $100,000,000 in securities unless Transferee or any
such equity owner, as the case may be, is a dealer, and, in that case,
Transferee or such equity owner, as the case may be, must own and/or invest on a
discretionary basis at least $10,000,000 in securities.

<PAGE>

                                                         ANNEX 2 TO EXHIBIT F-2C

            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

           [for Transferees that are Registered Investment Companies]

            The undersigned hereby certifies as follows to [name of Transferor]
(the "Transferor"), and for the benefit of Credit Suisse First Boston Mortgage
Securities Corp. with respect to the mortgage pass-through certificates being
transferred in book-entry form (the "Transferred Certificates") as described in
the Transferee certificate to which this certification relates and to which this
certification is an Annex:

            1. As indicated below, the undersigned is the chief financial
officer, a person fulfilling an equivalent function, or other executive officer
of the entity acquiring interests in the Transferred Certificates (the
"Transferee") or, if the Transferee is a "qualified institutional buyer" as that
term is defined in Rule 144A under the Securities Act of 1933, as amended ("Rule
144A") because the Transferee is part of a Family of Investment Companies (as
defined below), is an executive officer of the investment adviser (the
"Adviser").

            2. The Transferee is a "qualified institutional buyer" as defined in
Rule 144A because (i) the Transferee is an investment company registered under
the Investment Company Act of 1940, as amended, and (ii) as marked below, the
Transferee alone owned and/or invested on a discretionary basis, or the
Transferee's Family of Investment Companies owned, at least $100,000,000 in
securities (other than the excluded securities referred to below) as of the end
of the Transferee's most recent fiscal year. For purposes of determining the
amount of securities owned by the Transferee or the Transferee's Family of
Investment Companies, the cost of such securities was used, unless the
Transferee or any member of the Transferee's Family of Investment Companies, as
the case may be, reports its securities holdings in its financial statements on
the basis of their market value, and no current information with respect to the
cost of those securities has been published, in which case the securities of
such entity were valued at market.

____        The Transferee owned and/or invested on a discretionary basis
            $___________________ in securities (other than the excluded
            securities referred to below) as of the end of the Transferee's most
            recent fiscal year (such amount being calculated in accordance with
            Rule 144A).

____        The Transferee is part of a Family of Investment Companies which
            owned in the aggregate $______________ in securities (other than the
            excluded securities referred to below) as of the end of the
            Transferee's most recent fiscal year (such amount being calculated
            in accordance with Rule 144A).

            3. The term "Family of Investment Companies" as used herein means
two or more registered investment companies (or series thereof) that have the
same investment adviser or investment advisers that are affiliated (by virtue of
being majority owned subsidiaries of the same parent or because one investment
adviser is a majority owned subsidiary of the other).

            4. The term "securities" as used herein does not include (i)
securities of issuers that are affiliated with the Transferee or are part of the
Transferee's Family of Investment Companies, (ii) bank deposit notes and
certificates of deposit, (iii) loan participations, (iv) repurchase agreements,
(v) securities owned but subject to a repurchase agreement and (vi) currency,
interest rate and commodity swaps. For purposes of determining the aggregate
amount of securities owned and/or invested on a discretionary basis by the
Transferee, or owned by the Transferee's Family of Investment Companies, the
securities referred to in this paragraph were excluded.

            5. The Transferee is familiar with Rule 144A and understands that
the Transferor and other parties related to the Transferred Certificates are
relying and will continue to rely on the statements made herein because one or
more Transfers to the Transferee will be in reliance on Rule 144A.

         ___      ___   Will the Transferee be purchasing the Transferred
         Yes      No    Certificates only for the Transferee's own account?

            6. If the answer to the foregoing question is "no," then in each
case where the Transferee is acquiring any interest in the Transferred
Certificates for an account other than its own, such account belongs to a third
party that is itself a "qualified institutional buyer" within the meaning of
Rule 144A, and the "qualified institutional buyer" status of such third party
has been established by the Transferee through one or more of the appropriate
methods contemplated by Rule 144A.

            7. The undersigned will notify the parties to which this
certification is made of any changes in the information and conclusions herein.
Until such notice, the Transferee's acquisition of any interest in the
Transferred Certificates will constitute a reaffirmation of this certification
by the undersigned as of the date of such acquisition.

            8. Capitalized terms used but not defined herein have the meanings
ascribed thereto in the Pooling and Servicing Agreement pursuant to which the
Transferred Certificates were issued.

                                        ________________________________________
                                        (Print Name of Transferee or Adviser)

                                        By: ____________________________________
                                            Name:
                                            Title:

                                        IF AN ADVISER:

                                        ________________________________________
                                        (Print Name of Transferee)

                                        Date:

<PAGE>

                                  EXHIBIT F-2D

                        FORM II OF TRANSFEREE CERTIFICATE
            FOR TRANSFERS OF INTERESTS IN NON-REGISTERED CERTIFICATES
                             HELD IN BOOK-ENTRY FORM

                                     [Date]

[TRANSFEROR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class __ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $[_________] (the
                  "Transferred Certificates")

Ladies and Gentlemen:

            This letter is delivered to you in connection with the Transfer by
_________________ (the "Transferor") to _________________ (the "Transferee")
through our respective Depository Participants of the Transferor's beneficial
ownership interest (currently maintained on the books and records of The
Depository Trust Company ("DTC"), and the Depository Participants) in the
Transferred Certificates. The Certificates, including the Transferred
Certificates, were issued pursuant to the Pooling and Servicing Agreement, dated
as of March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit Suisse
First Boston Mortgage Securities Corp., as depositor (the "Depositor"), Capmark
Finance Inc., as master servicer (the "Master Servicer"), Midland Loan Services,
Inc., as special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A.,
as trustee (the "Trustee"). All capitalized terms used but not otherwise defined
herein shall have the respective meanings set forth in the Pooling and Servicing
Agreement. The Transferee hereby certifies, represents and warrants to you, and
for the benefit of the Depositor, the Trustee and the Certificate Registrar,
that:

            1. The Transferee is acquiring the Transferor's beneficial ownership
      interest in the Transferred Certificates for its own account for
      investment and not with a view to or for sale or transfer in connection
      with any distribution thereof, in whole or in part, in any manner which
      would violate the Securities Act of 1933, as amended (the "Securities
      Act"), or any applicable state securities laws.

            The Transferee is not a United States Securities Person. For
      purposes of this certification, "United States Securities Person" means
      (i) any natural person resident in the United States, (ii) any partnership
      or corporation organized or incorporated under the laws of the United
      States; (iii) any estate of which any executor or administrator is a
      United States Securities Person, other than any estate of which any
      professional fiduciary acting as executor or administrator is a United
      States Securities Person if an executor or administrator of the estate who
      is not a United States Securities Person has sole or shared investment
      discretion with respect to the assets of the estate and the estate is
      governed by foreign law, (iv) any trust of which any trustee is a United
      States Securities Person, other than a trust of which any professional
      fiduciary acting as trustee is a United States Securities Person if a
      trustee who is not a United States Securities Person has sole or shared
      investment discretion with respect to the trust assets and no beneficiary
      of the trust (and so settlor if the trust is revocable) is a United States
      Securities Person, (v) any agency or branch of a foreign entity located in
      the United States, unless the agency or branch operates for valid business
      reasons and is engaged in the business of insurance or banking and is
      subject to substantive insurance or banking regulation, respectively, in
      the jurisdiction where located, (vi) any non-discretionary account or
      similar account (other than an estate or trust) held by a dealer or other
      fiduciary for the benefit or account of a United States Securities Person,
      (vii) any discretionary account or similar account (other than an estate
      or trust) held by a dealer or other fiduciary organized, incorporated or
      (if an individual) resident in the United States, other than one held for
      the benefit or account of a non-United States Securities Person by a
      dealer or other professional fiduciary organized, incorporated or (if any
      individual) resident in the United States, (viii) any partnership or
      corporation if (a) organized or incorporated under the laws of any foreign
      jurisdiction and (b) formed by a United States Securities Person
      principally for the purpose of investing in securities not registered
      under the Securities Act, unless it is organized or incorporated, and
      owned, by "accredited investors" (as defined in Rule 501(a)) under the
      United States Securities Act of 1933, as amended (the "Securities Act"),
      who are not natural persons, estates or trusts; provided, however, that
      the International Monetary Fund, the International Bank for Reconstruction
      and Development, the Inter-American Development Bank, the Asian
      Development Bank, the African Development Bank, the United Nations and
      their agencies, affiliates and pension plans, any other similar
      international organization, their agencies, affiliates and pension plans
      shall not constitute United States Securities Persons.

            2. The Transferee understands that (a) the Transferred Certificates
      have not been and will not be registered under the Securities Act or
      registered or qualified under any applicable state securities laws, (b)
      neither the Depositor nor the Trustee is obligated so to register or
      qualify the Transferred Certificates, and (c) neither the Transferred
      Certificates nor any security issued in exchange therefor or in lieu
      thereof nor any interest therein may be resold or transferred unless it is
      (i) registered pursuant to the Securities Act and registered or qualified
      pursuant any applicable state securities laws, or (ii) is sold or
      transferred in transactions which are exempt from such registration and
      qualification and the Transferor desiring to effect such transfer has
      received either (A) a certificate from the prospective transferee
      substantially in the form attached either as Exhibit F-2C to the Pooling
      and Servicing Agreement or as Exhibit F-2D to the Pooling and Servicing
      Agreement or (B) an Opinion of Counsel satisfactory to the Certificate
      Registrar to the effect that such transfer may be made without
      registration under the Securities Act, together with the written
      certification(s) as to the facts surrounding the transfer from the
      prospective transferor and/or prospective transferee upon which such
      Opinion of Counsel is based.

            3. The Transferee understands that it may not sell or otherwise
      transfer any Transferred Certificate, any security issued in exchange
      therefor or in lieu thereof or any interest in the foregoing except in
      compliance with the provisions of Section 5.02 of the Pooling and
      Servicing Agreement, which provisions it has carefully reviewed, and that
      each Transferred Certificate will bear legends substantially to the
      following effect:

            THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE
            SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR THE
            SECURITIES LAWS OF ANY STATE. ANY RESALE, PLEDGE, TRANSFER OR OTHER
            DISPOSITION OF THIS CERTIFICATE OR ANY INTEREST HEREIN WITHOUT SUCH
            REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION
            WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH
            IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING
            AND SERVICING AGREEMENT REFERRED TO HEREIN.

            NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE
            TO (A) ANY RETIREMENT PLAN OR OTHER EMPLOYEE BENEFIT PLAN OR
            ARRANGEMENT THAT IS SUBJECT TO SECTION 406 OR 407 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 ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
            EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR
            (B) ANY PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS
            CERTIFICATE OR SUCH INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY
            OF, AS TRUSTEE OF, OR WITH ASSETS OF, ANY SUCH RETIREMENT PLAN OR
            OTHER EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, EXCEPT IN ACCORDANCE
            WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING
            AGREEMENT REFERRED TO HEREIN.

            THE TRUST FUND IN WHICH THIS CERTIFICATE EVIDENCES AN INTEREST HAS
            NOT BEEN REGISTERED AS AN "INVESTMENT COMPANY" UNDER THE INVESTMENT
            COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT").
            ACCORDINGLY, THIS CERTIFICATE MAY NOT BE RESOLD, PLEDGED OR
            OTHERWISE TRANSFERRED EXCEPT TO (1) A QUALIFIED INSTITUTIONAL BUYER
            WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A
            "QUALIFIED INSTITUTIONAL BUYER") OR (2) AN ACCREDITED INVESTOR
            WITHIN THE MEANING OF PARAGRAPH (1), (2), (3) OR (7) OF RULE 501(a)
            OF REGULATION D UNDER THE SECURITIES ACT OR AN ENTITY IN WHICH ALL
            THE EQUITY OWNERS ARE DESCRIBED BY SUCH PARAGRAPHS (AN
            "INSTITUTIONAL ACCREDITED INVESTOR").

            4. Neither the Transferee nor anyone acting on its behalf has (a)
      offered, pledged, sold, disposed of or otherwise transferred any
      Transferred Certificate, any interest in any Transferred Certificate or
      any other similar security to any person in any manner, (b) solicited any
      offer to buy or accept a pledge, disposition or other transfer of any
      Transferred Certificate, any interest in any Transferred Certificate or
      any other similar security from any person in any manner, (c) otherwise
      approached or negotiated with respect to any Transferred Certificate, any
      interest in any Transferred Certificate or any other similar security with
      any person in any manner, (d) made any general solicitation with respect
      to any Transferred Certificate, any interest in any Transferred
      Certificate or any other similar security by means of general advertising
      or in any other manner, or (e) taken any other action with respect to any
      Transferred Certificate, any interest in any Transferred Certificate or
      any other similar security, which (in the case of any of the acts
      described in clauses (a) through (e) above) would constitute a
      distribution of the Transferred Certificates under the Securities Act,
      would render the disposition of the Transferred Certificates a violation
      of Section 5 of the Securities Act or any state securities law or would
      require registration or qualification of the Transferred Certificates
      pursuant thereto. The Transferee will not act, nor has it authorized or
      will it authorize any person to act, in any manner set forth in the
      foregoing sentence with respect to any Transferred Certificate, any
      interest in any Transferred Certificate or any other similar security.

            5. The Transferee has been furnished with all information regarding
      (a) the Depositor, (b) the Transferred Certificates and distributions
      thereon, (c) the Pooling and Servicing Agreement and the Trust Fund
      created pursuant thereto, (d) the nature, performance and servicing of the
      Mortgage Loans, and (e) all related matters, that it has requested.

            6. The Transferee is an "accredited investor" as defined in any of
paragraphs (1), (2), (3), and (7) of Rule 501(a) under the Securities Act or an
entity in which all of the equity owners come within such paragraphs. The
Transferee has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of an investment in the
Transferred Certificates; the Transferee has sought such accounting, legal and
tax advice as it has considered necessary to make an informed investment
decision; and the Transferee is able to bear the economic risks of such
investment and can afford a complete loss of such investment

            7. Check one of the following: (4)

            _____ The Transferee is a "U.S. Person" and it has attached hereto
      an Internal Revenue Service ("IRS") Form W-9 (or successor form).

            _____ The Transferee 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
      Transferred Certificate. The Transferee has attached hereto [(i) a duly
      executed IRS Form W-8BEN (or successor form), which identifies such
      Transferee as the beneficial owner of the Transferred Certificate and
      states that such Transferee is not a U.S. Person, (ii) IRS Form W-8IMY
      (with all appropriate attachments) or (iii)]** two duly executed copies of
      IRS Form W-8ECI (or successor form), which identify such Transferee as the
      beneficial owner of the Transferred Certificate and state that interest
      and original issue discount on the Transferred Certificate and Permitted
      Investments is, or is expected to be, effectively connected with a U.S.
      trade or business. The Transferee agrees to provide to the Certificate
      Registrar updated [IRS Form W-8BEN, IRS Form W-8IMY or]** IRS Form 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 of certification furnished by it to the
      Certificate Registrar.

            For this purpose, "U.S. Person" means a citizen or resident of the
      United States, a corporation, partnership (except to the extent provided
      in applicable Treasury regulations), or other entity (including any entity
      treated as a corporation or partnership for federal income tax purposes)
      created or organized in, or under the laws of, the United States, any
      State thereof or the District of Columbia, or an estate whose income from
      sources outside the United States is includible in gross income for United
      States federal income tax purposes regardless of its connection with the
      conduct of a trade or business within the United States, 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 the
      authority to control all substantial decisions of the trust, all within
      the meaning of Section 7701(a)(30) of the Code (including certain trusts
      in existence on August 20, 1996 that are eligible to elect to be treated
      as U.S. Persons).

            We understand that this certification is required in connection with
certain securities laws of the United States. In connection therewith, if
administrative or legal proceedings are commenced or threatened in connection
with which this certification is or would be relevant, we irrevocably authorize
you to produce this certification to any interested party in such proceedings.

Dated: __________, ____

                                        By:_____________________________________
                                        As, or agent for, the beneficial
                                        owner(s) of the Certificates to which
                                        this certificate relates

----------

*     Each Transferee must include one of the two alternative certifications.

**    Does not apply to a transfer of Class R or Class LR Certificates.

<PAGE>

                                   EXHIBIT G-1

             FORM OF TRANSFEREE CERTIFICATE IN CONNECTION WITH ERISA
              (NON-REGISTERED CERTIFICATES AND NON-INVESTMENT GRADE
            CERTIFICATES HELD IN FULLY REGISTERED, CERTIFICATED FORM)

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Sixth Street and Marquette Avenue
Minneapolis, MN  55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ______ Certificates [having an initial aggregate
                  Certificate [Certificate Principal Balance] [Certificate
                  Notional Amount] as of March 16, 2007 (the "Closing Date") of
                  $________] [evidencing a ____% Percentage Interest in the
                  related Class] (the "Transferred Certificates")

Ladies and Gentlemen:

            This letter is delivered to you in connection with the transfer by
_________________ (the "Transferor") to _________________ (the "Transferee") of
the Transferred Certificates pursuant to Section 5.02 of the Pooling and
Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of March
1, 2007, among Credit Suisse First Boston Mortgage Securities Corp., as
depositor (the "Depositor"), Capmark Finance Inc., as master servicer (the
"Master Servicer"), Midland Loan Services, Inc., as special servicer (the
"Special Servicer"), and Wells Fargo Bank, N.A., as trustee (the "Trustee"). All
capitalized terms used but not otherwise defined herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement. The
Transferee hereby certifies, represents and warrants to you as Certificate
Registrar, as follows (check the applicable paragraph):

___      The Transferee is neither (A) a retirement plan or other employee
         benefit plan or arrangement, including an individual retirement account
         or annuity, a Keogh plan or a collective investment fund or separate
         account in which such plans, accounts or arrangements are invested,
         including an insurance company general account, that is subject to
         Section 406 or 407 of ERISA or Section 4975 of the Code (each, a
         "Plan") (or a governmental plan subject to any federal, state or local
         law materially similar to Sections 406 or 407 of ERISA or Section 4975
         of the Code (a "Similar Law")), nor (B) a Person who is directly or
         indirectly purchasing the Transferred Certificates on behalf of, as
         named fiduciary of, as trustee of, or with assets of a Plan or a
         governmental plan subject to Similar Law; or

___      Except in the case of the Class R, Class LR or Class V Certificates,
         the Transferee is using funds from an insurance company general account
         to acquire the Transferred Certificates, however, the purchase and
         holding of such Certificates by such Person is exempt from the
         prohibited transaction provisions of Section 406 or 407 of ERISA and
         Section 4975 of the Code by reason of Sections I and III of Prohibited
         Transaction Class Exemption 95-60 (or, in the case of a governmental
         plan subject to Similar Law, a comparable exemption under such Similar
         Law); or

___      The Transferee is, or is acting on behalf of, a governmental plan and
         certifies that the purchase and holding of the Transferred Certificates
         by or on behalf of such governmental plan will not result in a
         violation of, or imposition of taxes under, Similar Law; or

___      The Transferred Certificates are Class ___ Certificates, an interest in
         which is being acquired by or on behalf of a Plan in reliance on the
         individual prohibited transaction exemption issued by the U.S.
         Department of Labor to Credit Suisse Securities (USA) LLC (PTE 89-90),
         and such Plan (X) is an accredited investor as defined in Rule
         501(a)(1) of Regulation D of the Securities Act, (Y) is not sponsored
         (within the meaning of Section 3(16)(B) of ERISA) by the Trustee, the
         Depositor, any Mortgage Loan Seller, the Master Servicer, any
         Exemption-Favored Party, the Special Servicer, any Primary Servicer,
         any Sub-Servicer, the Swap Counterparty or any Borrower with respect to
         any Mortgage Loan or group of Mortgage Loans that represents more than
         5% of the aggregate unamortized principal balance of the Mortgage Loans
         determined on the date of the initial issuance of the Certificates, or
         by an Affiliate of any such Person, and (Z) agrees that it will obtain
         from each of its Transferees to which it transfers an interest in the
         Transferred Certificates, a written representation that such
         Transferee, if a Plan, satisfies the requirements of the immediately
         preceding clauses (X), and (Y), together with a written agreement that
         such Transferee will obtain from each of its Transferees that are Plans
         a similar written representation regarding satisfaction of the
         requirements of the immediately preceding clauses (X) and (Y).

                                        Very truly yours,

                                        [TRANSFEREE]

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                   EXHIBIT G-2

             FORM OF TRANSFEREE CERTIFICATE IN CONNECTION WITH ERISA
              (NON-REGISTERED CERTIFICATES HELD IN BOOK ENTRY FORM)

                                     [Date]

[TRANSFEROR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class ____ Certificates [having an initial aggregate
                  [Certificate Principal Balance] [Certificate Notional Amount]
                  as of March 16, 2007 (the "Closing Date") of $__________] (the
                  "Transferred Certificates")

Ladies and Gentlemen:

            This letter is delivered to you in connection with the Transfer by
______________________ (the "Transferor") to _________________ (the
"Transferee") through our respective DTC Participants of the Transferor's
beneficial ownership interest (currently maintained on the books and records of
The Depository Trust Company ("DTC"), and the Depository Participants) in the
Transferred Certificates. The Certificates, including the Transferred
Certificates, were issued pursuant to the Pooling and Servicing Agreement, dated
as of March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit Suisse
First Boston Mortgage Securities Corp., as depositor (the "Depositor"), Capmark
Finance Inc., as master servicer (the "Master Servicer"), Midland Loan Services,
Inc., as special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A.,
as trustee (the "Trustee"). All capitalized terms used but not otherwise defined
herein shall have the respective meanings set forth in the Pooling and Servicing
Agreement. The Transferee hereby certifies, represents and warrants to you as
follows (check the applicable paragraph):

___      The Transferee is neither (A) a retirement plan, an employee benefit
         plan or other retirement arrangement, including an individual
         retirement account or annuity, a Keogh plan or a collective investment
         fund or separate account in which such plans, accounts or arrangements
         are invested, including an insurance company general account, that is
         subject to Section 406 or 407 of ERISA or Section 4975 of the Code
         (each, a "Plan") (or a governmental plan subject to any federal, state
         or local law materially similar to Sections 406 or 407 of ERISA or
         Section 4975 of the Code (a "Similar Law")), nor (B) a Person who is
         directly or indirectly purchasing an interest in the Transferred
         Certificates on behalf of, as named fiduciary of, as trustee of, or
         with assets of, a Plan or a governmental plan subject to Similar Law;
         or

___      Except in the case of the Class R, Class LR or Class V Certificates,
         the Transferee is using funds from an insurance company general account
         to acquire an interest in the Transferred Certificates, however, the
         purchase and holding of such interest by such Person is exempt from the
         prohibited transaction provisions of Section 406 or 407 of ERISA and
         Section 4975 of the Code by reason of Sections I and III of Prohibited
         Transaction Class Exemption 95-60 (or, in the case of a governmental
         plan subject to Similar Law, a comparable exemption under such Similar
         Law); or

___      The Transferee is, or is acting on behalf of, a governmental plan and
         certifies that the purchase and holding of the Transferred Certificates
         by or on behalf of such governmental plan will not result in a
         violation of, or imposition of taxes under, Similar Law; or

___      The Transferred Certificates are Class ____ Certificates, an interest
         in which is being acquired by or on behalf of a Plan in reliance on the
         individual prohibited transaction exemption issued by the U.S.
         Department of Labor to Credit Suisse Securities (USA) LLC (PTE 89-90),
         and such Plan (X) is an accredited investor as defined in Rule
         501(a)(1) of Regulation D of the Securities Act, (Y) is not sponsored
         (within the meaning of Section 3(16)(B) of ERISA) by the Trustee, the
         Depositor, any Mortgage Loan Seller, the Master Servicer, any
         Exemption-Favored Party, the Special Servicer, any Primary Servicer,
         any Sub-Servicer, the Swap Counterparty or any Borrower with respect to
         any Mortgage Loan or group of Mortgage Loans that represents more than
         5% of the aggregate unamortized principal balance of the Mortgage Loans
         determined on the date of the initial issuance of the Certificates, or
         by an Affiliate of any such Person, and (Z) agrees that it will obtain
         from each of its Transferees to which it transfers an interest in the
         Transferred Certificates, a written representation that such
         Transferee, if a Plan, satisfies the requirements of the immediately
         preceding clauses (X) and (Y), together with a written agreement that
         such Transferee will obtain from each of its Transferees that are Plans
         a similar written representation regarding satisfaction of the
         requirements of the immediately preceding clauses (X) and (Y).

                                        [TRANSFEREE]

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                   EXHIBIT H-1

                FORM OF RESIDUAL TRANSFER AFFIDAVIT AND AGREEMENT
                  FOR TRANSFERS OF CLASS [R] [LR] CERTIFICATES

STATE OF    )
            )   ss.:
COUNTY OF   )

            ____________________, being first duly sworn, deposes and says that:

            1. He/She is the ____________________ of ____________________ (the
prospective transferee (the "Transferee") of Credit Suisse First Boston Mortgage
Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
Class [R] [LR] Certificates, evidencing a __% Percentage Interest in such Class
(the "Residual Interest Certificates")), a _________________ duly organized and
validly existing under the laws of ____________________, on behalf of which
he/she makes this affidavit. All capitalized terms used but not otherwise
defined herein shall have the respective meanings set forth in the Pooling and
Servicing Agreement pursuant to which the Residual Interest Certificates were
issued (the "Pooling and Servicing Agreement").

            2. The Transferee (i) is, and as of the date of transfer will be, a
Permitted Transferee and will endeavor to remain a Permitted Transferee for so
long as it holds the Residual Interest Certificates, and (ii) is acquiring the
Residual Interest Certificates for its own account or for the account of another
prospective transferee from which it has received an affidavit in substantially
the same form as this affidavit.

            A "Permitted Transferee" is any Transferee of a Residual Interest
Certificate other than a Disqualified Organization (as defined below), a
Non-United States Tax Person (as defined below) or a foreign permanent
establishment or fixed base (each within the meaning of the applicable income
tax treaty) of a United States Tax Person (as defined below); provided, however,
that if a Transferee is classified as a partnership under the Code, such
Transferee shall only be a Permitted Transferee if all of its direct or indirect
(except through a U.S. corporation) beneficial owners are (and must be, under
the applicable partnership agreement) United States Tax Persons and the
governing documents of the Transferee prohibit a transfer of any interest in the
Transferee to any Non-United States Tax Person.

            For the purposes of this affidavit, a "Disqualified Organization" is
any of (i) the United States or a possession thereof, any State or any political
subdivision thereof, or any agency or instrumentality of any of the foregoing
(other than an instrumentality which is a corporation if all of its activities
are subject to tax and, except for Freddie Mac, a majority of its board of
directors is not selected by any such governmental unit), (ii) a foreign
government, international organization, or any agency or instrumentality of
either of the foregoing, (iii) any organization (except certain farmers'
cooperatives described in Section 521 of the Code) which is exempt from the tax
imposed by Chapter 1 of the Code (unless such organization is subject to the tax
imposed by Section 511 of the Code on unrelated business taxable income), (iv)
rural electric and telephone cooperatives described in Section 1381 of the Code
or (v) any other Person so designated by the Trustee, based upon an Opinion of
Counsel delivered to the Trustee to the effect that the holding of an Ownership
Interest in a Residual Interest Certificate by such Person may cause (A) either
of the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or
(B) the Trust 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 Interest 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.

            A "Non-United States Tax Person," is any Person other than a United
States Tax Person. A "United States Tax Person" is a citizen or resident of the
United States, a corporation, partnership (except to the extent provided in
applicable Treasury Regulations), or other entity (including any entity treated
as a corporation or partnership for federal income tax purposes) created or
organized in, or under the laws of, the United States, any State thereof or the
District of Columbia, or an estate whose income from sources outside the United
States is includible in gross income for United States federal income tax
purposes regardless of its connection with the conduct of a trade or business
within the United States, 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 United States Tax Persons have the authority to control all substantial
decisions of the trust, all within the meaning of Section 7701(a)(30) of the
Code (including certain trusts in existence on August 20, 1996 that are eligible
to elect to be treated as United States Tax Persons).

            3. The Transferee is aware (i) of the tax that would be imposed
under the Code on transfers of the Residual Interest Certificates to
non-Permitted Transferees; (ii) that such tax would be on the transferor or, if
such transfer is through an agent (which Person includes a broker, nominee or
middleman) for a non-Permitted Transferee, on the agent; (iii) that the Person
otherwise liable for the tax shall be relieved of liability for the tax if the
transferee furnishes to such Person an affidavit that the transferee is a
Permitted Transferee and, at the time of transfer, such Person does not have
actual knowledge that the affidavit is false; and (iv) that the Residual
Interest Certificates may be a "noneconomic residual interest" within the
meaning of Treasury Regulation Section 1.860E-1(c), and that the transferor of a
noneconomic residual interest will remain liable for any taxes due with respect
to the income on such residual interest, unless no significant purpose of the
transfer is to enable the transferor to impede the assessment or collection of
tax.

            4. The Transferee is aware of the tax imposed on a "pass-through
entity" holding the Residual Interest Certificates if at any time during the
taxable year of the pass-through entity a non-Permitted Transferee is the record
holder of an interest in such entity. (For this purpose, a "pass-through entity"
includes a regulated investment company, a real estate investment trust or
common trust fund, a partnership, trust or estate, and certain cooperatives.)

            5. The Transferee is aware that the Certificate Registrar will not
register any transfer of the Residual Interest Certificates by the Transferee
unless the Transferee's transferee, or such transferee's agent, delivers to the
Certificate Registrar, among other things, an affidavit and agreement in
substantially the same form as this affidavit and agreement. The Transferee
expressly agrees that it will not consummate any such transfer if it knows or
believes that any representation contained in such affidavit and agreement is
false.

            6. The Transferee consents to any additional restrictions or
arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Residual Interest Certificates will
only be owned, directly or indirectly, by a Permitted Transferee. In addition,
the Transferee will honor all the restrictions set forth herein upon any
subsequent transfers of the Residual Interest Certificates.

            7. The Transferee's taxpayer identification number is
_________________.

            8. The Transferee has reviewed the provisions of Section 5.02(d) of
the Pooling and Servicing Agreement, a description of which provisions is set
forth in the Residual Interest Certificates (in particular, clause (ii) of
Section 5.02(d) which authorizes the Trustee to deliver payments on the Residual
Interest Certificates to a Person other than the Transferee and clause (ii) of
Section 5.02(d) which authorizes the Trustee to negotiate a mandatory sale of
the Residual Interest Certificates, in either case, in the event that the
Transferee holds such Residual Interest Certificates in violation of Section
5.02(d)); and the Transferee expressly agrees to be bound by and to comply with
such provisions.

            9. The Transferee hereby represents to and for the benefit of the
transferor that the Transferee intends to pay any taxes associated with holding
the Residual Interest Certificates as they become due, fully understanding that
it may incur tax liabilities in excess of any cash flows generated by the
Residual Interest Certificates.

            10. The Transferee will not cause income from the Residual Interest
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 United States Tax Person.

            11. Check the applicable paragraph:

            _________The present value of the anticipated tax liabilities
associated with holding the Residual Interest Certificate does not exceed the
sum of:

                  (i)   the present value of any consideration given to the
                        Transferee to acquire such Residual Interest
                        Certificate;

                  (ii)  the present value of the expected future distributions
                        on such Residual Interest Certificate; and

                  (iii) the present value of the anticipated tax savings
                        associated with holding such Residual Interest
                        Certificates as the related Trust REMIC generates
                        losses.

For purposes of this calculation, (i) the Transferee is assumed to pay tax at
the highest rate currently specified in Section 11(b) of the Code (but the tax
rate in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate
specified in Section 11(b) of the Code if the Transferee has been subject to the
alternative minimum tax under Section 55 of the Code in the preceding two years
and will compute its taxable income in the current taxable year using the
alternative minimum tax rate) and (ii) present values are computed using a
discount rate equal to the short-term federal rate prescribed by Section 1274(d)
of the Code for the month of the transfer and the compounding period used by the
Transferee.

            _________The transfer of the Residual Interest 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 the Residual Interest
                        Certificates 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)(6)(ii)) in
                        excess of $100 million and net assets in excess of $10
                        million;

                  (iii) the Transferee will transfer the Residual Interest
                        Certificates only to another "eligible corporation," as
                        defined in U.S. Treasury Regulations 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 Section 1.860E-1(c)(5) of the U.S. Treasury
                        Regulations; and

                  (iv)  the Transferee determined the consideration paid to it
                        to acquire the Residual Interest Certificates 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.

            _________ None of the above.

<PAGE>

            IN WITNESS WHEREOF, the Transferee has caused this instrument to be
executed on its behalf, pursuant to the authority of its Board of Directors, by
its ____________________ and its corporate seal to be hereunto attached,
attested by its [Assistant] Secretary, this ______ day of ______________.

                                        [TRANSFEREE]

                                        By: ____________________________________
                                            Name:
                                            Title:

[Corporate Seal]

ATTEST:

__________________________________________________________
                  [Assistant] Secretary

            Personally appeared before me the above-named ____________________,
known or proved to me to be the same person who executed the foregoing
instrument and to be the ____________________ 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 _______________,
________.

__________________________________________________________
                      NOTARY PUBLIC

COUNTY OF ________________________________________________
STATE OF _________________________________________________

My Commission expires the _________ day of ___________, 20__.

<PAGE>

                                   EXHIBIT H-2

                 FORM OF TRANSFEROR CERTIFICATE FOR TRANSFERS OF
                           CLASS [R] [LR] CERTIFICATES

                                     [Date]

Wells Fargo Bank, N.A.,
as Certificate Registrar
Wells Fargo Center
Sixth Street and Marquette Avenue
Minneapolis, MN  55479-0113
Attention: Corporate Trust Services, CSMC 2007-C1

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1,
                  Class [R] [LR] Certificates, evidencing a ____% Percentage
                  Interest in such Class (the "Residual Interest Certificates")

Ladies and Gentlemen:

            This letter is delivered to you in connection with the transfer by
_________________ (the "Transferor") to _________________ (the "Transferee") of
the Residual Interest Certificates, pursuant to the Pooling and Servicing
Agreement, dated as of March 1, 2007 (the "Pooling and Servicing Agreement"),
among Credit Suisse First Boston Mortgage Securities Corp., as depositor (the
"Depositor"), Capmark Finance Inc., as master servicer (the "Master Servicer"),
Midland Loan Services, Inc., as special servicer (the "Special Servicer"), and
Wells Fargo Bank, N.A., as trustee (the "Trustee"). All capitalized terms used
but not otherwise defined herein shall have the respective meanings set forth in
the Pooling and Servicing Agreement. The Transferor hereby certifies, represents
and warrants to you, as Certificate Registrar, and for the benefit of the
Depositor and Trustee, that:

            1. No purpose of the Transferor relating to the transfer of the
Residual Interest Certificates by the Transferor to the Transferee is or will be
to impede the assessment or collection of any tax.

            2. The Transferor understands that the Transferee has delivered to
you a Transfer Affidavit and Agreement in the form attached to the Pooling and
Servicing Agreement as Exhibit H-1. The Transferor does not know or believe that
any representation contained therein is false.

            3. The Transferor has at the time of this transfer conducted a
reasonable investigation of the financial condition of the Transferee (or the
beneficial owners of the Transferee if the Transferee is classified as a
partnership under the Code) as contemplated by Treasury Regulation Section
1.860E-1(c)(4)(i), and, as a result of that investigation, the Transferor has
determined that the Transferee has historically paid its debts as they became
due and has found no significant evidence to indicate that the Transferee will
not continue to pay its debts as they become due in the future. The Transferor
understands that the transfer of the Residual Interest Certificates may not be
respected for United States income tax purposes (and the Transferor may continue
to be liable for United States income taxes associated therewith) unless the
Transferor has conducted such an investigation.

                                        Very truly yours,

                                        [TRANSFEROR]

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                   EXHIBIT I-1

                        FORM OF NOTICE AND ACKNOWLEDGMENT
                   CONCERNING REPLACEMENT OF SPECIAL SERVICER

                                     [Date]

Fitch, Inc.
One State Street Plaza
New York, New York  10004
Attention: __________________

Moody's Investors Services, Inc.
99 Church Street
New York, NY  10007
Attention: __________________

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

Ladies and Gentlemen:

            This notice is being delivered pursuant to Section 3.25 of the
Pooling and Servicing Agreement, dated as of March 1, 2007 (the "Agreement"),
among Credit Suisse First Boston Mortgage Securities Corp., as depositor (the
"Depositor"), Capmark Finance Inc., as master servicer (the "Master Servicer"),
Midland Loan Services, Inc., as special servicer (the "Special Servicer"), and
the undersigned as trustee (the "Trustee"), and relating to Credit Suisse First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series 2007-C1 (the "Certificates"). Capitalized terms used but not otherwise
defined herein shall have respective meanings assigned to them in the Agreement.

            Notice is hereby given that the Controlling Class Representative has
designated ________________________ to serve as the Special Servicer under the
Agreement.

            The designation of ____________________________ as Special Servicer
will become final if certain conditions are met and each Rating Agency delivers
to the Trustee, written confirmation that if the person designated to become the
Special Servicer were to serve as such, such event would not result in an
Adverse Rating Event with respect to any Class of the Certificates. Accordingly,
such confirmation is hereby requested as soon as possible.

<PAGE>

            Please acknowledge receipt of this notice by signing the enclosed
copy of this notice where indicated below and returning it to the Trustee, in
the enclosed stamped self-addressed envelope.

                                        Very truly yours,

                                            ____________________________________

                                            ____________________________________
                                            Name:
                                            Title:

Receipt acknowledged:

FITCH, INC.

By:_______________________________________________________
Name:
Title:
Date:

MOODY'S INVESTORS SERVICE, INC.

By:_______________________________________________________
Name:
Title:
Date:

<PAGE>

                                   EXHIBIT I-2

               FORM OF ACKNOWLEDGMENT OF PROPOSED SPECIAL SERVICER

                                     [Date]

[TRUSTEE]
[MASTER SERVICER]
[SPECIAL SERVICER]
[DEPOSITOR]

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

Ladies and Gentlemen:

            Pursuant to Section 3.25 of the Pooling and Servicing Agreement,
dated as of March 1, 2007, relating to Credit Suisse First Boston Mortgage
Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C1
(the "Agreement"), the undersigned hereby agrees with all the other parties to
the Agreement that the undersigned shall serve as Special Servicer under, and as
defined in, the Agreement. The undersigned hereby acknowledges and agrees that,
as of the date hereof, it is and shall be a party to the Agreement and bound
thereby to the full extent indicated therein in the capacity of Special
Servicer. The undersigned hereby makes, as of the date hereof, the
representations and warranties set forth in Section 2.06 of the Agreement, with
the following corrections with respect to type of entity and jurisdiction of
organization: ____________________.

                                        ________________________________________

                                        By: ____________________________________
                                            Name:
                                            Title:

<PAGE>

                                    EXHIBIT J

                           SCHEDULE OF REFERENCE RATES

Distribution Date     Reference Rate    Distribution Date     Reference Rate
-----------------     --------------    -----------------     --------------
April 2007               6.00694%       October 2010             5.81091%
May 2007                 5.81218%       November 2010            6.00556%
June 2007                6.00689%       December 2010            5.81083%
July 2007                5.81213%       January 2011             5.81079%
August 2007              6.00685%       February 2011            5.81076%
September 2007           6.00683%       March 2011               5.81094%
October 2007             5.81207%       April 2011               6.00510%
November 2007            6.00678%       May 2011                 5.80145%
December 2007            5.81203%       June 2011                5.99579%
January 2008             6.00674%       July 2011                5.80115%
February 2008            5.81198%       August 2011              5.99121%
March 2008               5.81200%       September 2011           5.99093%
April 2008               6.00666%       October 2011             5.78177%
May 2008                 5.81191%       November 2011            5.97172%
June 2008                6.00662%       December 2011            5.77376%
July 2008                5.81186%       January 2012             5.96716%
August 2008              6.00657%       February 2012            5.77365%
September 2008           6.00654%       March 2012               5.77370%
October 2008             5.81179%       April 2012               5.96696%
November 2008            6.00648%       May 2012                 5.77346%
December 2008            5.81173%       June 2012                5.96686%
January 2009             5.81169%       July 2012                5.77336%
February 2009            5.81166%       August 2012              5.96675%
March 2009               5.81177%       September 2012           5.96670%
April 2009               6.00630%       October 2012             5.77322%
May 2009                 5.81155%       November 2012            5.96660%
June 2009                6.00622%       December 2012            5.77311%
July 2009                5.81147%       January 2013             5.77306%
August 2009              6.00615%       February 2013            5.77301%
September 2009           6.00611%       March 2013               5.77330%
October 2009             5.81137%       April 2013               5.96632%
November 2009            6.00603%       May 2013                 5.77284%
December 2009            5.81129%       June 2013                5.96620%
January 2010             5.81124%       July 2013                5.77272%
February 2010            5.81120%       August 2013              5.94092%
March 2010               5.81137%       September 2013           5.94084%
April 2010               6.00582%       October 2013             5.74720%
May 2010                 5.81109%       November 2013            5.93962%
June 2010                6.00575%       December 2013            5.74751%
July 2010                5.81101%       January 2014             5.74742%
August 2010              6.00567%       February 2014            5.74682%
September 2010           6.00564%       March 2014               5.74768%

<PAGE>

                                   EXHIBIT K-1

               FORM OF INFORMATION REQUEST FROM CERTIFICATEHOLDER
                              OR CERTIFICATE OWNER

                                     [Date]

Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD  21045-1951
Attention: Corporate Trust Services, CSMC 2007-C1

Capmark Finance Inc.
116 Welsh Road,
Horsham, Pennsylvania 19044

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

            In accordance with the Pooling and Servicing Agreement, dated as of
March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit Suisse First
Boston Mortgage Securities Corp., as depositor (the "Depositor"), Capmark
Finance Inc., as master servicer (the "Master Servicer"), Midland Loan Services,
Inc., as special servicer (the "Special Servicer"), and Wells Fargo Bank, N.A.
as trustee (the "Trustee"), with respect to the Credit Suisse First Boston
Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series
2007-C1 (the "Certificates"), the undersigned hereby certifies and agrees as
follows:

            1.    The undersigned is a [holder] [beneficial holder] of
                  [$___________ aggregate [Certificate Principal
                  Balance/Certificate Notional Amount] of] [a ___% Percentage
                  Interest in] the Class ____ Certificates.

            2.    The undersigned is requesting access to the following
                  information (the "Information") solely for use in evaluating
                  investment in the Certificates:

                  ___   The information on the Master Servicer's Website
                        pursuant to Section 3.12(d) of the Pooling and Servicing
                        Agreement.

                  ___   The information on the Trustee's Website pursuant to
                        Section 4.02(a) of the Pooling and Servicing Agreement.

                  ___   The information identified on the schedule attached
                        hereto pursuant to Section 8.12(b) of the Pooling and
                        Servicing Agreement.

            3.    In consideration of the Master Servicer's or Trustee's
                  disclosure to the undersigned of the Information, the
                  undersigned will keep the Information confidential (except
                  from such outside persons as are assisting it in evaluating
                  the Information), and such Information will not, without the
                  prior written consent of the Master Servicer or Trustee, be
                  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; and provided that
                  the undersigned may provide all or any part of the Information
                  to its auditors, legal counsel and regulators.

            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 Non-Registered Certificate
                  (as defined in the Pooling and Servicing Agreement) pursuant
                  to Section 5 of the Securities Act.

            The undersigned hereby acknowledges and agrees that:

            Neither the Master Servicer nor the Trustee will make any
representations or warranties as to the accuracy or completeness of, and will
assume no responsibility for, any report, document or other information
delivered pursuant to this request or made available on its respective Website;

            Neither the Master Servicer nor the Trustee has undertaken any
obligation to verify the accuracy or completeness of any information provided by
a Borrower, a third party, each other or any other Person that is included in
any report, document or other information delivered pursuant to this request or
made available on its respective Website;

            Any transmittal of any report, document or other information to the
undersigned by the Master Servicer or the Trustee is subject to, which
transmittal may (but need not be) accompanied by a letter 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 2007-C1, 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; and

            When delivering any report, document or other information pursuant
to this request, the Master Servicer or the Trustee may (i) indicate the source
thereof and may affix thereto any disclaimer it deems appropriate in its
discretion and (ii) contemporaneously provide such report, document or
information to the Depositor, the Trustee, any Underwriter, any Rating Agency,
the Certificateholders or the Certificate Owners.

            The undersigned agrees to indemnify and hold harmless the Master
Servicer, the Trustee, the Trust and the Depositor from any damage, loss, cost
or liability (including legal fees and expenses and the cost of enforcing this
indemnity) arising out of or resulting from any unauthorized use or disclosure
of the Information by Investor or any of its Representatives. The undersigned
also acknowledges and agrees that money damages would be both incalculable and
an insufficient remedy for any breach of the terms of this letter by the
undersigned or any of its Representatives and that the Master Servicer, the
Trustee, or the Trust may seek equitable relief, including injunction and
specific performance, as a remedy for any such breach. Such remedies are not the
exclusive remedies for a breach of this letter but are in addition to all other
remedies available at law or equity.

            Capitalized terms used in this letter but not defined have the
respective meanings given to them in the Pooling and Servicing Agreement.

            IN WITNESS WHEREOF, the undersigned has caused its name to be signed
hereto by its duly authorized officer, as of the day and year written above.

                                        [CERTIFICATEHOLDER] [BENEFICIAL
                                          HOLDER OF A CERTIFICATE]

                                        By: ____________________________________
                                            Name:
                                            Title:
                                            Telephone No.:

<PAGE>

                                   EXHIBIT K-2

              FORM OF INFORMATION REQUEST FROM PROSPECTIVE INVESTOR

                                     [Date]

Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD  21045-1951
Attention: Corporate Trust Services, CSMC 2007-C1

Capmark Finance Inc.
116 Welsh Road,
Horsham, Pennsylvania 19044

            Re:   Credit Suisse First Boston Mortgage Securities Corp.,
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

            In accordance with the Pooling and Servicing Agreement, dated as of
March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit Suisse First
Boston Mortgage Securities Corp., as depositor (the "Depositor"), Capmark
Finance Inc. , as master servicer (the "Master Servicer"), Midland Loan
Services, Inc., as special servicer (the "Special Servicer"), and Wells Fargo
Bank, N.A., as trustee (the "Trustee"), with respect to the Credit Suisse First
Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates,
Series 2007-C1 (the "Certificates"), the undersigned hereby certifies and agrees
as follows:

            1.    The undersigned is contemplating an investment in the Class
                  ____ Certificates.

            2.    The undersigned is requesting access to the following
                  information (the "Information") for use in evaluating such
                  possible investment:

                  ___   The information on the Master Servicer's Website
                        pursuant to Section 3.12(d) of the Pooling and Servicing
                        Agreement.

                  ___   The information on the Trustee's Website pursuant to
                        Section 4.02(a) of the Pooling and Servicing Agreement.

                  ___   The information identified on the schedule attached
                        hereto pursuant to Section 8.12(b) of the Pooling and
                        Servicing Agreement.

            3.    In consideration of the Master Servicer's or Trustee's
                  disclosure to the undersigned of the Information, the
                  undersigned will keep the Information confidential (except
                  from such outside persons as are assisting it in making the
                  investment decision described in paragraphs 1 and 2), and such
                  Information will not, without the prior written consent of the
                  Trustee, be 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 in the event
                  the undersigned purchases any Certificate or any interest in
                  any Certificate, 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; and provided that the
                  undersigned may provide all or any part of the Information to
                  its auditors, legal counsel and regulators.

            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 Non-Registered Certificate
                  (as defined in the Pooling and Servicing Agreement) pursuant
                  to Section 5 of the Securities Act.

            The undersigned hereby acknowledges and agrees that:

            Neither the Master Servicer nor the Trustee will make any
representations or warranties as to the accuracy or completeness of, and will
assume no responsibility for, any report, document or other information
delivered pursuant to this request or made available on its respective Website;

            Neither the Master Servicer nor the Trustee has undertaken any
obligation to verify the accuracy or completeness of any information provided by
a Borrower, a third party, each other or any other Person that is included in
any report, document or other information delivered pursuant to this request or
made available on its respective Website;

            Any transmittal of any report, document or other information to the
undersigned by the Master Servicer or the Trustee is subject to, which
transmittal may (but need not be) accompanied by a letter 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 2007-C1, 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; and

            When delivering any report, document or other information pursuant
to this request, the Master Servicer or the Trustee may (i) indicate the source
thereof and may affix thereto any disclaimer it deems appropriate in its
discretion and (ii) contemporaneously provide such report, document or
information to the Depositor, the Trustee, any Underwriter, any Rating Agency,
the Certificateholders or the Certificate Owners.

            The undersigned agrees to indemnify and hold harmless the Master
Servicer, the Trustee, the Trust and the Depositor from any damage, loss, cost
or liability (including legal fees and expenses and the cost of enforcing this
indemnity) arising out of or resulting from any unauthorized use or disclosure
of the Information by Investor or any of its Representatives. Investor also
acknowledges and agrees that money damages would be both incalculable and an
insufficient remedy for any breach of the terms of this letter by the
undersigned or any of its Representatives and that the Master Servicer, the
Trustee, or the Trust may seek equitable relief, including injunction and
specific performance, as a remedy for any such breach. Such remedies are not the
exclusive remedies for a breach of this letter but are in addition to all other
remedies available at law or equity.

            Capitalized terms used in this letter but not defined have the
respective meanings given to them in the Pooling and Servicing Agreement.

            IN WITNESS WHEREOF, the undersigned has caused its name to be signed
hereto by its duly authorized officer, as of the day and year written above.

                                        [PROSPECTIVE PURCHASER]

                                        By: ____________________________________
                                            Name:
                                            Title:
                                            Telephone No.:

<PAGE>

                                    EXHIBIT L

                      SCHEDULE OF DESIGNATED SUB-SERVICERS

<TABLE>
<CAPTION>
                                  LOAN              MORTGAGE                                           SERVICING
PROPERTY NAME                     GROUP           LOAN SELLER                 SUB-SERVICER            ARRANGEMENT
----------------------------------------------------------------------------------------------------------------------
<C>                                 <C>      <C>                       <C>                          <C>
20 S Clark                          1        Column Financial, Inc.        Draper and Kramer           Cashiering
500 North Pulaski                   1        Column Financial, Inc.        Draper and Kramer           Cashiering
820 Sunland Park                    1        Column Financial, Inc.        Draper and Kramer           Cashiering
Centre Green Square at
Whitehall                           1        Column Financial, Inc.     NorthMarq Capital, Inc.        Cashiering
Deer Valley Industrial              1        Column Financial, Inc.     NorthMarq Capital, Inc.        Cashiering
Florence Plaza                      1        Column Financial, Inc.      Laureate Capital, LLC         Cashiering
Franklin Apartments                 2        Column Financial, Inc.        Draper and Kramer           Cashiering
Vernon Apartments                   2        Column Financial, Inc.        Draper and Kramer           Cashiering
GHG Perimeter Center                1        Column Financial, Inc.      Laureate Capital, LLC         Cashiering
GHG Portfolio Buckhead              1        Column Financial, Inc.      Laureate Capital, LLC         Cashiering
Lakewood Country Club Center        1        Column Financial, Inc.       The Allison Company        Non-Cashiering
Land of Lincoln Building            1        Column Financial, Inc.     NorthMarq Capital, Inc.        Cashiering
National Parkway                    1        Column Financial, Inc.        Draper and Kramer           Cashiering
Spectra II - POOL 5                 1        Column Financial, Inc.     Bernard Financial Group        Cashiering
Wake Forest Eatery                  1        Column Financial, Inc.      Laureate Capital, LLC         Cashiering
Amberley House                      2        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Cinnamon Ridge Apartments           2        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
EPS Building                        1        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Golden Cove                         1        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Hampton Inn Riverplace              1        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Mansions at Steiner Ranch           2        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Mansions on the Green I             2        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Mansions at Canyon Creek            2        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Mansions on the Green II            2        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Parkwood II                         1        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
Plymouth Corp. Center               1        Column Financial, Inc.      Column Financial, Inc.      Non-Cashiering
</TABLE>

<PAGE>

                                   EXHIBIT M-1

                      FORM OF DEPOSITOR CERTIFICATION TO BE
                             PROVIDED WITH FORM 10-K

            Re:   Credit Suisse Commercial Mortgage Trust 2007-C1 (the "Trust"),
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

            I, [identify the certifying individual], a [title] of Credit Suisse
First Boston Mortgage Securities Corp., the depositor into the above-referenced
Trust, certify that:

            1. I have reviewed this annual report on Form 10-K, and all reports
      Form 10-D required to be filed in respect of periods included in the year
      covered by this annual report, of the Trust;

            2. Based on my knowledge, the Exchange Act periodic reports, taken
      as a whole, does not contain any untrue statement of a material fact or
      omit to state a material fact necessary to make the statements made, in
      light of the circumstances under which such statements were made, not
      misleading with respect to the period covered by this annual report;

            3. Based on my knowledge, all of the distribution, servicing and
      other information required to be provided under Form 10-D for the period
      covered by this report is included in the Exchange Act periodic reports;

            4. Based on my knowledge and the servicer compliance statements
      required in this report under Item 1123 of Regulation AB, and except as
      disclosed in the Exchange Act periodic report, the servicers have
      fulfilled their obligations under the pooling and servicing agreement in
      all material respects; and

            5. All of the reports on assessment of compliance with servicing
      criteria for asset-backed securities and their related attestation reports
      on assessment of compliance with servicing criteria for asset-backed
      securities required to be included in this report in accordance with Item
      1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been
      included as an exhibit to this report, except as otherwise disclosed in
      this report. Any material instances of noncompliance described in such
      reports have been disclosed in this report on Form 10-K.

<PAGE>

Capitalized terms used in this letter but not defined have the respective
meanings given to them in the Pooling and Servicing Agreement.

In giving the certifications above, I have reasonably relied on information
provided to me by the following unaffiliated parties: Capmark Finance Inc. (in
its capacity as Master Servicer), Column Financial, Inc. (in its capacity as
Sub-Servicer) and any sub-servicer thereof, Midland Loan Services, Inc. and
Wells Fargo Bank, N.A.

Date:    _____________________________

______________________________________
President and Chief Executive Officer
Credit Suisse First Boston Mortgage Securities Corp.

<PAGE>

                                   EXHIBIT M-2

                      FORM OF TRUSTEE BACKUP CERTIFICATION

            Re:   Credit Suisse Commercial Mortgage Trust 2007-C1 (the "Trust"),
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

      The undersigned, __________, a __________ of WELLS FARGO BANK, N.A., on
      behalf of WELLS FARGO BANK, N.A., as trustee (the "Trustee"), under that
      certain pooling and servicing agreement, dated as of March 1, 2007, (the
      "Pooling and Servicing Agreement") entered into by Credit Suisse First
      Boston Mortgage Securities Corp., (the "Depositor"), Capmark Finance Inc.,
      as master servicer (the "Master Servicer"), Midland Loan Services, Inc.,
      as special servicer (the "Special Servicer"), and the Trustee, certify to
      [Name of Certifying Person(s) for Sarbanes-Oxley Certification], the
      Depositor and its officers, directors and each person, if any, who
      controls the Depositor within the meaning of Section 15 of the Securities
      Act or Section 20 of the Exchange Act, to the extent that the following
      information is within our normal area of responsibilities and duties under
      the Pooling and Servicing Agreement, and with the knowledge and intent
      that they will rely upon this certification, that:

            1.    I have reviewed the annual report on Form 10-K for the fiscal
                  year [20___] (the "Annual Report"), and all reports on Form
                  10-D containing statements to certificateholders filed in
                  respect of periods included in the year covered by the Annual
                  Report (collectively with the Annual Report, the "Reports"),
                  of the Trust;

            2.    Based on my knowledge, the information in the Reports, to the
                  extent prepared by the Trustee (but not including any
                  information provided to the Trustee by the Master Servicer or
                  the Special Servicer, other than to the extent that such
                  information has been aggregated or manipulated by Trustee),
                  taken as a whole, do not contain any untrue statement of a
                  material fact or omit to state a material fact necessary to
                  make the statements made, in light of the circumstances under
                  which such statements were made, not misleading with respect
                  to the last day of the period covered by the Annual Report;
                  and

            3.    Based on my knowledge, all of the distribution information
                  required to be provided by the Trustee under the Pooling and
                  Servicing Agreement for inclusion in the Reports is included
                  in the Reports.

                  Capitalized terms used in this letter but not defined have the
            respective meanings given to them in the Pooling and Servicing
            Agreement.

<PAGE>

Date:    _________________________

WELLS FARGO BANK, N.A.

_______________________________
[Signature]
[Title]

<PAGE>

                                   EXHIBIT M-3

                  FORM OF MASTER SERVICER BACKUP CERTIFICATION

            Re:   Credit Suisse Commercial Mortgage Trust 2007-C1 (the "Trust"),
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

      I, [identify the certifying individual], a [_______________] of [CAPMARK
      FINANCE INC. (the "Master Servicer"), a California corporation, as master
      servicer under that certain pooling and servicing agreement, dated as of
      March 1, 2007 (the "Pooling and Servicing Agreement"), among Credit Suisse
      First Boston Mortgage Securities Corp., as depositor (the "Depositor"),
      the Master Servicer, Midland Loan Services, Inc., as special servicer (the
      "Special Servicer"), and Wells Fargo Bank, N.A., as trustee (the
      "Trustee"), on behalf of the Master Servicer] [[NAME OF SUB-SERVICER]
      ("the Sub-Servicer"), as a sub-servicer under the Sub-Servicing Agreement,
      dated as of [______], by and between [_____] and the Sub-Servicer, as
      sub-servicer (the "Sub-Servicing Agreement")] certify to [Name of
      Certifying Person(s) for Sarbanes-Oxley Certification], the Depositor, and
      its officers, directors and affiliates, and with the knowledge and intent
      that they will rely upon this certification, that:

            1.    [If this certification is delivered by the Master Servicer,
                  add:] [Based on my knowledge, (a) assuming the accuracy of the
                  statements required to be made in the corresponding
                  certificate of the Special Servicer pursuant to Section 12.08
                  of the Pooling and Servicing Agreement and (b) assuming that
                  the information regarding the Mortgage Loans, the Mortgagors
                  or the Mortgaged Properties in the prospectus (the "Mortgage
                  Information") does not contain any untrue statement of a
                  material fact or omit to state a material fact necessary to
                  make the statement made, in the light of the circumstances
                  under which such statements were made, not misleading (but
                  only to the extent that such Mortgage Information is or shall
                  be used by the servicer to prepare the servicing reports;
                  provided, however, the Master Servicer shall provide any
                  information of which the Master Servicer has knowledge, to the
                  extent such information updates the Mortgage Information and
                  is required to be provided by the Master Servicer pursuant to
                  the Pooling and Servicing Agreement), the servicing
                  information in the servicing reports taken as a whole, does
                  not contain any untrue statement of a material fact or omit to
                  state a material fact necessary to make the statements made,
                  in light of the circumstances under which such statements were
                  made, not misleading with respect to the period covered by
                  this report;]

                  [If this certification is delivered by a Sub-Servicer retained
                  by the Master Servicer, add:] [Based on my knowledge, all
                  servicing information relating to the Sub-Servicer required to
                  be provided to the [Master Servicer][Trustee] under the
                  Sub-Servicing Agreement, taken as a whole, does not contain
                  any untrue statement of a material fact or omit to state a
                  material fact necessary to make the statements made, in light
                  of the circumstances under which such statements were made,
                  not misleading with respect to the period covered by such
                  servicing reports;]

            2.    [If this certification is delivered by the Master Servicer,
                  add:] [Based on my knowledge and assuming the accuracy of the
                  statements required to be made in the corresponding
                  certificate of the Special Servicer pursuant to Section 12.08
                  of the Pooling and Servicing Agreement, all servicing
                  information required to be provided to the Trustee by the
                  Master Servicer under the Pooling and Servicing Agreement for
                  inclusion in the reports to be filed by the Trustee with the
                  Securities and Exchange Commission is included in the
                  servicing reports delivered by the Master Servicer to the
                  Trustee;]

                  [If this certification is delivered by a Sub-Servicer retained
                  by the Master Servicer, add:] [All servicing information
                  relating to the Sub-Servicer required to be provided to the
                  [Master Servicer][Trustee] under the Sub-Servicing Agreement
                  has been provided to the [Master Servicer][Trustee], and is
                  included in the servicing reports delivered by the
                  Sub-Servicer to the [Master Servicer][Trustee].]

            3.    I am responsible for reviewing the activities performed by the
                  [Master Servicer][Sub-Servicer] under the Pooling and
                  Servicing Agreement and based upon my knowledge and the annual
                  compliance reviews conducted in preparing the servicer
                  compliance statements required in this report under Item 1123
                  of Regulation AB with respect to the [Master
                  Servicer][Sub-Servicer], and except as disclosed in the
                  compliance certificate delivered by the [Master Servicer under
                  Section 12.11 of the Pooling and Servicing
                  Agreement][Sub-Servicer under Section [___] of the
                  Sub-Servicing Agreement], the [Master Servicer][Sub-Servicer]
                  has fulfilled its obligations under the [Pooling and Servicing
                  Agreement][Sub-Servicing Agreement] in all material respects;

            4.    All of the reports on assessment of compliance with servicing
                  criteria for asset-backed securities and their related
                  attestation reports on assessment of compliance with servicing
                  criteria for asset-backed securities with respect to the
                  [Master Servicer][Sub-Servicer] have been provided as required
                  by the [Pooling and Servicing Agreement][Sub-Servicing
                  Agreement], except as otherwise disclosed in the servicing
                  reports. Any material instances of noncompliance described in
                  such reports have been disclosed in the servicing reports; and

            5.    [If this certification is delivered by the Master Servicer,
                  add:] [In addition, notwithstanding the foregoing
                  certifications under clauses (1) and (2) above, the Master
                  Servicer does not make any certification under such clauses
                  (1) and (2) above with respect to the information in the
                  servicing reports delivered by the Master Servicer to the
                  Trustee referred to in such clauses (1) and (2) above that is
                  in turn dependent upon information provided by the Special
                  Servicer under the Pooling and Servicing Agreement beyond the
                  corresponding certification actually provided by the Special
                  Servicer pursuant to Section 12.08 of the Pooling and
                  Servicing Agreement. Further, notwithstanding the foregoing
                  certifications, the Master Servicer does not make any
                  certification under the foregoing clauses (1) through (3) that
                  is in turn dependent upon information required to be provided
                  by any Sub-Servicer acting under a Sub-Servicing Agreement
                  that the Master Servicer entered into in connection with the
                  issuance of the Certificates, or upon the performance by any
                  such Sub-Servicer of its obligations pursuant to any such
                  Sub-Servicing Agreement, in each case beyond the respective
                  backup certifications actually provided by such Sub-Servicer
                  to the Master Servicer with respect to the information that is
                  the subject of such certification.]

                  [If this certification is delivered by a Sub-Servicer retained
                  by the Master Servicer, add:] [In addition, notwithstanding
                  the foregoing certifications under clauses (2) and (3) above,
                  the Sub-Servicer does not make any certification under such
                  clauses (2) and (3) above with respect to the information in
                  the servicing reports delivered by the Master Servicer to the
                  Trustee referred to in such clauses (2) and (3) above that is
                  in turn dependent upon information provided by the Special
                  Servicer under the Pooling and Servicing Agreement beyond the
                  corresponding certification actually provided by the Special
                  Servicer pursuant to Section 12.08 of the Pooling and
                  Servicing Agreement.]

Capitalized terms used herein shall have the meanings assigned to such terms in
the Pooling and Servicing Agreement.

[In giving the certification above, I have reasonably relied on information
provided to me by the following unaffiliated parties: [name(s) of servicer,
sub-servicer or co-servicer].]

Date:    _________________________

[CAPMARK FINANCE INC.][NAME OF SUB-SERVICER]

By: _____________________________
     Name:
     Title:

<PAGE>

                                   EXHIBIT M-4

                  FORM OF SPECIAL SERVICER BACKUP CERTIFICATION

            Re:   Credit Suisse Commercial Mortgage Trust 2007-C1 (the "Trust"),
                  Commercial Mortgage Pass-Through Certificates, Series 2007-C1

      I, [identify the certifying individual], a [_______________ ] of Midland
      Loan Services, Inc. (the "Special Servicer"), as special servicer under
      that certain pooling and servicing agreement dated as of March 1, 2007
      (the "Pooling and Servicing Agreement"), among Credit Suisse First Boston
      Mortgage Securities Corp., as depositor (the "Depositor"), Capmark Finance
      Inc., as master servicer (the "Master Servicer"), Midland Loan Services,
      Inc., as the special servicer, and Wells Fargo Bank, N.A., as trustee (the
      "Trustee"), on behalf of the Special Servicer certify to [Name of
      Certifying Person(s) for Sarbanes-Oxley Certification], the Depositor, and
      its officers, directors and affiliates, and with the knowledge and intent
      that they will rely upon this certification, that:

            1.    Based on my knowledge, with respect to the period ending
                  December 31, 20[__] (the "Relevant Period"), all servicing
                  information and all required reports required to be submitted
                  by the Special Servicer to the Master Servicer or Trustee
                  pursuant to the Pooling and Servicing Agreement (the "Special
                  Servicer Reports") for inclusion in the annual report on Form
                  10-K for the Relevant Period and inclusion in all reports on
                  Form 8-K have been submitted by the Special Servicer to the
                  Master Servicer or the Trustee, as applicable, for inclusion
                  in these reports;

            2.    Based on my knowledge, the information contained in the
                  Special Servicer Reports, taken as a whole, does not contain
                  any untrue statement of a material fact or omit to state a
                  material fact necessary to make the statements made, in light
                  of the circumstances under which such statements were made,
                  not misleading as of the last day of the period ending
                  December 31, 20[__]; and

            3.    Based on my knowledge and the annual compliance review
                  required under Section 11.11 of the Pooling and Servicing
                  Agreement, during the Relevant Period the Special Servicer has
                  fulfilled its obligations under the Pooling and Servicing
                  Agreement in all material respects, except as disclosed in the
                  annual officer's certificate required under such Section
                  11.11.

<PAGE>

Date:    _________________________

MIDLAND LOAN SERVICES, INC.

By:_____________________________
Name:
Title:

<PAGE>

                                    EXHIBIT N

                                   [Reserved]

<PAGE>

                                    EXHIBIT O

                                   [Reserved]

<PAGE>

                                    EXHIBIT P

                   CLASS A-AB TARGETED PRINCIPAL BALANCE TABLE

Distribution Date       Balance      Distribution Date               Balance
-----------------       -------      -----------------               -------
April 2007          $98,301,000.00   November 2011                $98,301,000.00
May 2007            $98,301,000.00   December 2011                $98,301,000.00
June 2007           $98,301,000.00   January 2012                 $98,301,000.00
July 2007           $98,301,000.00   February 2012                $98,010,437.34
August 2007         $98,301,000.00   March 2012                   $96,396,000.00
September 2007      $98,301,000.00   April 2012                   $95,104,000.00
October 2007        $98,301,000.00   May 2012                     $93,631,000.00
November 2007       $98,301,000.00   June 2012                    $92,325,000.00
December 2007       $98,301,000.00   July 2012                    $90,838,000.00
January 2008        $98,301,000.00   August 2012                  $89,518,000.00
February 2008       $98,301,000.00   September 2012               $88,192,000.00
March 2008          $98,301,000.00   October 2012                 $86,684,000.00
April 2008          $98,301,000.00   November 2012                $85,343,000.00
May 2008            $98,301,000.00   December 2012                $83,822,000.00
June 2008           $98,301,000.00   January 2013                 $82,466,000.00
July 2008           $98,301,000.00   February 2013                $81,103,000.00
August 2008         $98,301,000.00   March 2013                   $79,185,000.00
September 2008      $98,301,000.00   April 2013                   $77,786,000.00
October 2008        $98,301,000.00   May 2013                     $76,205,000.00
November 2008       $98,301,000.00   June 2013                    $74,792,000.00
December 2008       $98,301,000.00   July 2013                    $73,195,000.00
January 2009        $98,301,000.00   August 2013                  $71,767,000.00
February 2009       $98,301,000.00   September 2013               $70,330,000.00
March 2009          $98,301,000.00   October 2013                 $68,712,000.00
April 2009          $98,301,000.00   November 2013                $60,010,000.00
May 2009            $98,301,000.00   December 2013                $58,373,000.00
June 2009           $98,301,000.00   January 2014                 $42,053,000.00
July 2009           $98,301,000.00   February 2014                $40,576,000.00
August 2009         $98,301,000.00   March 2014                   $38,568,000.00
September 2009      $98,301,000.00   April 2014                   $37,073,000.00
October 2009        $98,301,000.00   May 2014                     $35,396,000.00
November 2009       $98,301,000.00   June 2014                    $33,884,000.00
December 2009       $98,301,000.00   July 2014                    $32,192,000.00
January 2010        $98,301,000.00   August 2014                  $30,664,000.00
February 2010       $98,301,000.00   September 2014               $29,128,000.00
March 2010          $98,301,000.00   October 2014                 $27,412,000.00
April 2010          $98,301,000.00   November 2014                $25,860,000.00
May 2010            $98,301,000.00   December 2014                $24,128,000.00
June 2010           $98,301,000.00   January 2015                 $22,559,000.00
July 2010           $98,301,000.00   February 2015                $20,981,000.00
August 2010         $98,301,000.00   March 2015                   $18,883,000.00
September 2010      $98,301,000.00   April 2015                   $17,287,000.00
October 2010        $98,301,000.00   May 2015                     $15,512,000.00
November 2010       $98,301,000.00   June 2015                    $13,899,000.00
December 2010       $98,301,000.00   July 2015                    $12,107,000.00
January 2011        $98,301,000.00   August 2015                  $10,476,000.00
February 2011       $98,301,000.00   September 2015                $8,837,000.00
March 2011          $98,301,000.00   October 2015                  $7,021,000.00
April 2011          $98,301,000.00   November 2015                 $5,364,000.00
May 2011            $98,301,000.00   December 2015                 $3,530,000.00
June 2011           $98,301,000.00   January 2016                  $1,856,000.00
July 2011           $98,301,000.00   February 2016                   $172,000.00
August 2011         $98,301,000.00   March 2016 and thereafter             $0.00
September 2011      $98,301,000.00
October 2011        $98,301,000.00

<PAGE>

                                    EXHIBIT Q

                                   [Reserved]

<PAGE>

                                    EXHIBIT R

                                   [Reserved]

<PAGE>

                                    EXHIBIT S

                                   [Reserved]

<PAGE>

                                    EXHIBIT T

                                   [Reserved]

<PAGE>

                                    EXHIBIT U

                           Relevant Servicing Criteria

         SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

            The assessment of compliance to be delivered shall address, at a
minimum, the criteria identified below as "Relevant Servicing Criteria" (with
each Servicing Function Participant deemed to be responsible for the items
applicable to the functions it is performing and for which the party that
retained such Servicing Function Participant is responsible):

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
                                                Relevant Servicing Criteria                      Applicable Party(ies)
------------------------------------------------------------------------------------------------------------------------
      Reference                                         Criteria
------------------------------------------------------------------------------------------------------------------------
                                            General Servicing Considerations
------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                                                         <C>
1122(d)(1)(i)           Policies and procedures are instituted to monitor any performance or             Trustee
                        other triggers and events of default in accordance with the transaction      Master Servicer
                        agreements.                                                                 Special Servicer
------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(ii)          If any material servicing activities are outsourced to third parties,            Trustee
                        policies and procedures are instituted to monitor the third party's          Master Servicer
                        performance and compliance with such servicing activities.                  Special Servicer
------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(iii)         Any requirements in the transaction agreements to maintain a back-up               N/A
                        servicer for the mortgage loans are maintained.
------------------------------------------------------------------------------------------------------------------------
1122(d)(1)(iv)          A fidelity bond and errors and omissions policy is in effect on the          Master Servicer
                        party participating in the servicing function throughout the reporting      Special Servicer
                        period in the amount of coverage required by and otherwise in
                        accordance with the terms of the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
                                           Cash Collection and Administration
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(i)           Payments on mortgage loans are deposited into the appropriate custodial          Trustee
                        bank accounts and related bank clearing accounts no more than two            Master Servicer
                        business days following receipt, or such other number of days specified     Special Servicer
                        in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(ii)          Disbursements made via wire transfer on behalf of an obligor or to an            Trustee
                        investor are made only by authorized personnel.
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(iii)         Advances of funds or guarantees regarding collections, cash flows or         Master Servicer
                        Master Servicer distributions, and any interest or other fees charged       Special Servicer
                        for such Special Servicer advances, are made, reviewed and approved as           Trustee
                        specified in the Trustee transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(iv)          The related accounts for the transaction, such as cash reserve accounts          Trustee
                        or accounts established as a form of overcollateralization, are              Master Servicer
                        separately maintained (e.g., with respect to commingling of cash) as        Special Servicer
                        set forth in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(v)           Each custodial account is maintained at a federally insured depository           Trustee
                        institution as set forth in the transaction agreements. For purposes of      Master Servicer
                        this criterion, "federally insured depository institution" with respect     Special Servicer
                        to a foreign financial institution means a foreign financial
                        institution that meets the requirements of Rule 13k-1(b)(1) of the
                        Securities Exchange Act.
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(vi)          Unissued checks are safeguarded so as to prevent unauthorized access.        Master Servicer
                                                                                                    Special Servicer
                                                                                                         Trustee
------------------------------------------------------------------------------------------------------------------------
1122(d)(2)(vii)         Reconciliations are prepared on a monthly basis for all asset-backed             Trustee
                        securities related bank accounts, including custodial accounts and           Master Servicer
                        related bank clearing accounts. These reconciliations are (A)               Special Servicer
                        mathematically accurate; (B) prepared within 30 calendar days after the
                        bank statement cutoff date, or such other number of days specified in
                        the transaction agreements; (C) reviewed and approved by someone other
                        than the person who prepared the reconciliation; and (D) contain
                        explanations for reconciling items. These reconciling items are
                        resolved within 90 calendar days of their original identification, or
                        such other number of days specified in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
                                           Investor Remittances and Reporting
------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(i)           Reports to investors, including those to be filed with the Commission,           Trustee
                        are maintained in accordance with the transaction agreements and
                        applicable Commission requirements. Specifically, such reports (A) are
                        prepared in accordance with timeframes and other terms set forth in the
                        transaction agreements; (B) provide information calculated in
                        accordance with the terms specified in the transaction agreements; (C)
                        are filed with the Commission as required by its rules and regulations;
                        and (D) agree with investors' or the trustee's records as to the total
                        unpaid principal balance and number of mortgage loans serviced by the
                        Servicer.
------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(ii)          Amounts due to investors are allocated and remitted in accordance with           Trustee
                        timeframes, distribution priority and other terms set forth in the
                        transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(iii)         Disbursements made to an investor are posted within two business days            Trustee
                        to the Servicer's investor records, or such other number of days
                        specified in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(3)(iv)          Amounts remitted to investors per the investor reports agree with                Trustee
                        cancelled checks, or other form of payment, or custodial bank
                        statements.
------------------------------------------------------------------------------------------------------------------------
                                               Pool Asset Administration
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(i)           Collateral or security on mortgage loans is maintained as required by            Trustee
                        the transaction agreements or related mortgage loan documents.              Master Servicer
                                                                                                    Special Servicer
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(ii)          Mortgage loan and related documents are safeguarded as required by the           Trustee
                        transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(iii)         Any additions, removals or substitutions to the mortgage loan pool are           Trustee
                        made, reviewed and approved in accordance with any conditions               Special Servicer
                        or requirements in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(iv)          Payments on mortgage loans, including any payoffs, made in accordance        Master Servicer
                        with the related mortgage loan documents are posted to the Servicer's
                        obligor records maintained no more than two business days after
                        receipt, or such other number of days specified in the transaction
                        agreements, and allocated to principal, interest or other items (e.g.,
                        escrow) in accordance with the related mortgage loan documents.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(v)           The Servicer's records regarding the mortgage loans agree with the           Master Servicer
                        Servicer's records with respect to an obligor's unpaid principal
                        balance.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(vi)          Changes with respect to the terms or status of an obligor's mortgage         Master Servicer
                        loans (e.g., loan modifications or re-agings) are made, reviewed and        Special Servicer
                        approved by authorized personnel in accordance with the transaction
                        agreements and related mortgage loan documents.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(vii)         Loss mitigation or recovery actions (e.g., forbearance plans,               Special Servicer
                        modifications and deeds in lieu of foreclosure, foreclosures and
                        repossessions, as applicable) are initiated, conducted and concluded
                        in accordance with the timeframes or other requirements established
                        by the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(viii)        Records documenting collection efforts are maintained during the period      Master Servicer
                        a mortgage loan is delinquent in accordance with the transaction            Special Servicer
                        agreements. Such records are maintained on at least a monthly basis, or
                        such other period specified in the transaction agreements, and describe
                        the entity's activities in monitoring delinquent mortgage loans
                        including, for example, phone calls, letters and payment rescheduling
                        plans in cases where delinquency is deemed temporary (e.g., illness or
                        unemployment).
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(ix)          Adjustments to interest rates or rates of return for mortgage loans                N/A
                        with variable rates are computed based on the related mortgage loan
                        documents.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(x)           Regarding any funds held in trust for an obligor (such as escrow             Master Servicer
                        accounts): (A) such funds are analyzed, in accordance with the
                        obligor's mortgage loan documents, on at least an annual basis, or such
                        other period specified in the transaction agreements; (B) interest on
                        such funds is paid, or credited, to obligors in accordance with
                        applicable mortgage loan documents and state laws; and (C) such funds
                        are returned to the obligor within 30 calendar days of full repayment
                        of the related mortgage loan, or such other number of days specified in
                        the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xi)          Payments made on behalf of an obligor (such as tax or insurance              Master Servicer
                        payments) are made on or before the related penalty or expiration
                        dates, as indicated on the appropriate bills or notices for such
                        payments, provided that such support has been received by the servicer
                        at least 30 calendar days prior to these dates, or such other number of
                        days specified in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xii)         Any late payment penalties in connection with any payment to be made on      Master Servicer
                        behalf of an obligor are paid from the servicer's funds and not charged     Special Servicer
                        to the obligor, unless the late payment was due to the obligor's error
                        or omission.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xiii)        Disbursements made on behalf of an obligor are posted within two business    Master Servicer
                        days to the obligor's records maintained by the servicer, or such other
                        number of days specified in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xiv)         Delinquencies, charge-offs and uncollectible accounts are recognized         Master Servicer
                        and recorded in accordance with the transaction agreements.                 Special Servicer
------------------------------------------------------------------------------------------------------------------------
1122(d)(4)(xv)          Any external enhancement or other support, identified in Items                     N/A
                        1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as
                        set forth in the transaction agreements.
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                                    EXHIBIT V

                         Additional Form 10-D Disclosure

<TABLE>
<CAPTION>
                       Item on Form 10-D                                                    Responsible Parties
-------------------------------------------------------------------  ---------------------------------------------------------------
<S>         <C>                                                      <C>
Item 1:     Distribution and Pool Performance Information (only      (i)   Master Servicer (only with respect to Item 1121(a)(12)
            with respect to any information required by Item 1121          and only as to Performing Mortgage Loans)
            of Regulation AB which is NOT included on the monthly
            Trustee Report)                                          (ii)  Special Servicer (only with respect to Item 1121(a)(12)
                                                                           as to Specially Serviced Mortgage Loans)
                                                                     (iii) Trustee
                                                                     (iv)  Depositor

Item 2:     Legal Proceedings (per Item 1117 of Regulation AB (to    (i)   All parties to the Pooling and Servicing Agreement (as to
            the extent material to Certificateholders))                    themselves)
                                                                     (ii)  Trustee, Master Servicer and Special Servicer (in each
                                                                           case, if Trustee is not also a named party) as to the
                                                                           Trust
                                                                     (iii) Depositor as to the sponsors, any 1110(b) originator and
                                                                           any Item 1100(d)(1) party

Item 3:     Sale of Securities and Use of Proceeds                   Depositor

Item 4:     Defaults Upon Senior Securities                          Trustee

Item 5:     Submission of Matters to a Vote of Security Holders      Trustee

Item 6:     Significant Obligors of Pool Assets

Item 7:     Significant Enhancement Provider Information             Depositor

Item 8:     Other Information (information required to be            Any party responsible for disclosure items on Form 8-K
            disclosed on Form 8-K that was not properly disclosed)

Item 9:     Exhibits                                                 Trustee
                                                                     Depositor
</TABLE>

<PAGE>

                                    EXHIBIT W

                         Additional Form 10-K Disclosure

<TABLE>
<CAPTION>
                       Item on Form 10-K                                                    Responsible Parties
-------------------------------------------------------------------  ---------------------------------------------------------------
<S>         <C>                                                      <C>
Item 1B:    Unresolved Staff Comments                                Depositor

Item 9B:    Other Information (information required to be            Any party responsible for disclosure of such items on Form 8-K
            disclosed on Form 8-K that was not properly
            disclosed)

Item 15:    Exhibits, Financial Statement Schedules                  Trustee
                                                                     Depositor

Additional Item:
Disclosure per Item 1117 of Regulation AB (to the extent             (i)   All parties to the Pooling and Servicing Agreement (as to
material to Certificateholders)                                            themselves)
                                                                     (ii)  Trustee, Master Servicer and Special Servicer (in each
                                                                           case, if Trustee is not also a named party) as to the
                                                                           Trust
                                                                     (iii) Depositor as to the sponsors, any 1110(b) originator and
                                                                           any Item 1100(d)(1) party

Additional Item:
Disclosure per Item 1119 of Regulation AB (to the extent             (i)   All parties to the Pooling and Servicing Agreement as to
material to Certificateholders)                                            themselves; provided however that (A) as to the Master
                                                                           Servicer,  only to the extent material to
                                                                           Certificateholders and only as to affiliations under Item
                                                                           1119(a) with the Trustee, Special Servicer or an Item
                                                                           1108(a)(3) Sub-Servicer and (B) as to the Special
                                                                           Servicer, only to the extent material to
                                                                           Certificateholders and only as to affiliations under
                                                                           Item 1119(a) with the Trustee, Master Servicer or an Item
                                                                           1108(a)(3) Sub-Servicer
                                                                     (ii)  Trustee, Special Servicer and Master Servicer as to the
                                                                           Trust
                                                                     (iii) Depositor as to the sponsors, any originator and any
                                                                           significant obligor, enhancement or support provider

Additional Item:
Disclosure per Item 1112(b) of Regulation AB                         Depositor/Special Servicer (only for REO Properties and only to
                                                                     the extent such Special Servicer is in possession of such items
                                                                     required under Item 1112(b) of Regulation AB)

Additional Item:
Disclosure per Items 1114(b)(2) and 1115(b) of                       Depositor
Regulation AB
</TABLE>

<PAGE>

                                    EXHIBIT X

                         Form 8-K Disclosure Information

<TABLE>
<CAPTION>
                       ITEM ON FORM 8-K                                                            PARTY
-------------------------------------------------------------------  ---------------------------------------------------------------
<S>         <C>                                                      <C>
Item 1.01:  Entry into a Material Definitive Agreement               All parties to the Pooling and Servicing Agreement (only as to
                                                                     agreements to which such entity is a party or into which such
                                                                     entity entered on behalf of the Trust)

Item 1.02   Termination of a Material Definitive Agreement           All parties to the Pooling and Servicing Agreement (only as to
                                                                     agreements to which such entity is a party or into which such
                                                                     entity entered on behalf of the Trust)

Item 1.03   Bankruptcy or Receivership                               Depositor

Item 2.04   Triggering Events that Accelerate or Increase a          Trustee
            Direct Financial Obligation or an Obligation             Depositor
            under an Off-Balance Sheet Arrangement                   Master Servicer

Item 3.03   Material Modification to Rights of Security              Trustee
            Holders                                                  Depositor

Item 5.03   Amendments of Articles of Incorporation or               Depositor
            Bylaws; Change of Fiscal Year

Item 6.01   ABS Informational and Computational Material             Depositor

Item 6.02   Change of Servicer or Trustee                            Master Servicer (as to itself or a Sub-Servicer retained by
                                                                     Master Servicer)

                                                                     Special Servicer (as to itself or a Sub-Servicer retained by
                                                                     Special Servicer)

                                                                     Trustee

                                                                     Depositor

Item 6.03   Change in Credit Enhancement or External Support         Depositor
                                                                     Trustee

Item 6.04   Failure to Make a Required Distribution                  Trustee

Item 6.05   Securities Act Updating Disclosure                       Depositor

Item 7.01   Regulation FD Disclosure                                 Depositor

Item 8.01                                                            Depositor

Item 9.01                                                            Depositor
</TABLE>

<PAGE>

                                    EXHIBIT Y

                       Additional Disclosure Notification

**SEND TO WELLS FARGO VIA FAX TO 410-715-2380 AND VIA EMAIL TO
cts.sec.notifications@wellsfargo.com AND VIA OVERNIGHT MAIL TO THE ADDRESS
IMMEDIATELY BELOW**

Wells Fargo Bank, N.A., as Trustee
9062 Old Annapolis Road
Columbia, Maryland 21045
Attn: Corporate Trust Services-  CSMC 2007-C1--SEC REPORT PROCESSING

**SEND TO THE DEPOSITOR AT THE ADDRESS IMMEDIATELY BELOW**

Credit Suisse First Boston Mortgage Securities Corp., as Depositor
11 Madison Avenue
New York, New York  10010-3629

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

Ladies and Gentlemen:

In accordance with Section [12.06, 12.07, 12.09] of the Pooling and Servicing
Agreement, dated as of March 1, 2007, among Credit Suisse First Boston Mortgage
Securities Corp., as depositor (the "Depositor"), Capmark Finance Inc., as
master servicer, Midland Loan Services, Inc., as special servicer and Wells
Fargo Bank, N.A., as trustee (the "Trustee"), the undersigned, as [______],
hereby notifies you that certain events have come to our attention that [will]
[may] need to be disclosed on Form [10-D][10-K][8-K].

Description of Additional Form [10-D][10-K][8-K] Disclosure:

List of any Attachments hereto to be included in the Additional Form
[10-D][10-K][8-K] Disclosure:

Any inquiries related to this notification should be directed to Credit Suisse
First Boston Mortgage Securities Corp., Eleven Madison Avenue, New York, New
York 10010.

                                                       [NAME OF PARTY],
                                                       as [role]

                                        By:_____________________________________
                                           Name:
                                           Title:EXHIBIT 10.1

                        MORTGAGE LOAN PURCHASE AGREEMENT

            This Mortgage Loan Purchase Agreement (this "Agreement"), is dated
and effective as of March 1, 2007, between Column Financial, Inc., a Delaware
corporation ("Column"), as seller (in such capacity, together with its
successors and permitted assigns hereunder, the "Seller"), and Credit Suisse
First Boston Mortgage Securities Corp., a Delaware corporation (the
"Depositor"), as purchaser (in such capacity, together with its successors and
permitted assigns hereunder, the "Purchaser").

                                    RECITALS

            Column desires to sell, assign, transfer, set over and otherwise
convey to the Depositor, without recourse, and the Depositor desires to
purchase, subject to the terms and conditions set forth herein, the multifamily
and commercial mortgage loans (collectively, the "Mortgage Loans") identified on
the schedule annexed hereto as Exhibit A (the "Mortgage Loan Schedule"), as such
schedule may be amended from time to time pursuant to the terms hereof.

            The Depositor intends to create a trust (the "Trust"), the primary
assets of which will be a segregated pool of multifamily and commercial mortgage
loans that includes the Mortgage Loans. Beneficial ownership of the assets of
the Trust (such assets collectively, the "Trust Fund") will be evidenced by the
Certificates (as defined below). Certain classes of the Certificates will be
rated by Moody's Investors Service, Inc. and Fitch, Inc. (together, the "Rating
Agencies"). The Trust will be created and the Certificates will be issued
pursuant to a pooling and servicing agreement to be dated as of March 1, 2007
(the "Pooling and Servicing Agreement"), among the Depositor, as depositor,
Capmark Finance Inc., as master servicer (in such capacity, the "Master
Servicer"), Midland Loan Services, Inc., as special servicer (in such capacity,
the "Special Servicer"), and Wells Fargo Bank, N.A., as trustee (in such
capacity, together with any successor as trustee, the "Trustee"), relating to
the issuance of Credit Suisse First Boston Mortgage Securities Corp. Commercial
Mortgage Pass-Through Certificates, Series 2007-C1 (the "Certificates").
Capitalized terms used but not otherwise defined herein shall have the
respective meanings assigned to them in the Pooling and Servicing Agreement as
in full force and effect on the Closing Date (as defined in Section 1 hereof).
It is anticipated that the Depositor will transfer the Mortgage Loans to the
Trust contemporaneously with its purchase of the Mortgage Loans hereunder.

            The Depositor intends to sell certain classes of the Certificates
(collectively, the "Publicly Offered Certificates") to Credit Suisse Securities
(USA) LLC ("Credit Suisse Securities") and the other underwriters that are
parties to the Underwriting Agreement (as defined below) (collectively in such
capacity, the "Underwriters"), pursuant to an underwriting agreement dated as of
March 1, 2007 (the "Underwriting Agreement"), between the Depositor, Credit
Suisse Securities, California Fina Group, Inc. (DBA: Finacorp Securities),
Greenwich Capital Markets, Inc. and Wachovia Capital Markets, LLC. The Depositor
intends to sell certain classes of the remaining Certificates (the "Privately
Offered Certificates") to Credit Suisse Securities, pursuant to a certificate
purchase agreement dated as of March 1, 2007 (the "Certificate Purchase
Agreement"), between the Depositor and Credit Suisse Securities (in such
capacity, the "Initial Purchaser"). The Publicly Offered Certificates are more
fully described in a prospectus dated October 30, 2006 (the "Base Prospectus"),
and the supplement to the Base Prospectus dated March 1, 2007 (the "Prospectus
Supplement"; and, together with the Base Prospectus, the "Prospectus"), as each
may be amended or supplemented at any time hereafter. The Privately Offered
Certificates are more fully described in a confidential offering circular dated
March 1, 2007 (the "Confidential Offering Circular"), as it may be amended or
supplemented at any time hereafter.

            Column will indemnify the Depositor, Credit Suisse Securities (both
in its capacity as an Underwriter and in its capacity as the Initial Purchaser),
the other Underwriters and certain related parties with respect to the
disclosure regarding the Mortgage Loans contained in the Prospectus, the
Confidential Offering Circular and certain other disclosure documents and
offering materials relating to the Certificates, pursuant to an indemnification
agreement dated March 1, 2007 (the "Indemnification Agreement"), among Column,
the Depositor, Credit Suisse Securities (both in its capacity as an Underwriter
and in its capacity as the Initial Purchaser) and the other Underwriters.

            NOW, THEREFORE, in consideration of the premises and the mutual
agreements set forth herein, the parties agree as follows:

            SECTION 1 Agreement to Purchase. The Seller agrees to sell, assign,
transfer, set over and otherwise convey to the Purchaser, without recourse, and
the Purchaser agrees to purchase from the Seller, subject to the Seller's
transfer of the related servicing rights as provided in the Servicing Rights
Purchase Agreement dated as of March 1, 2007 (the "Servicing Rights Purchase
Agreement") between the Seller and Capmark Finance Inc. and subject to the terms
and conditions set forth herein, the Mortgage Loans. The purchase and sale of
the Mortgage Loans shall take place on March 16, 2007 or such other date as
shall be mutually acceptable to the parties hereto (the "Closing Date"). As of
the close of business on the respective Due Dates for the Mortgage Loans in
March 2007 (individually and collectively, the "Cut-off Date"), the Mortgage
Loans will have an aggregate principal balance, after application of all
payments of principal due on the Mortgage Loans on or before the Cut-off Date,
whether or not received, as set forth in the Mortgage Loan Schedule attached
hereto as Exhibit A. Seller shall sell to Depositor, and Depositor shall
purchase from Seller, the Mortgage Loans pursuant to this Agreement for the
Mortgage Loan Purchase Price (as defined herein), which includes accrued
interest on the Mortgage Loans at their respective Net Mortgage Rates from and
including the Cut-off Date to but not including the Closing Date, and the
Purchaser shall pay such purchase price to the Seller on the Closing Date by
wire transfer in immediately available funds to an account designated by the
Seller or by such other method as shall be mutually acceptable to the parties
hereto. The "Mortgage Loan Purchase Price" paid by Depositor shall be equal to
the amount that the Depositor and the Seller have mutually agreed upon.

            SECTION 2 Conveyance of the Mortgage Loans.

            (a) Effective as of the Closing Date, subject only to receipt of the
purchase price referred to in Section 1 hereof and the other conditions to the
Seller's obligations set forth herein, the Seller does hereby sell, assign,
transfer, set over and otherwise convey to the Purchaser, subject to the
Seller's transfer of the related servicing rights as provided in the Servicing
Rights Purchase Agreement, without recourse, all of the right, title and
interest of the Seller in and to the Mortgage Loans, including all interest and
principal received on or with respect to the Mortgage Loans after the Cut-off
Date (other than scheduled payments of interest and principal due on or before
the Cut-off Date), together with all of the right, title and interest of the
Seller in and to the proceeds of any related title, hazard or other insurance
policies and any escrow, reserve or other comparable accounts related to the
Mortgage Loans.

            (b) The Purchaser shall be entitled to receive all scheduled
payments of principal and interest due on the Mortgage Loans after the Cut-off
Date, and all other recoveries of principal and interest collected thereon after
the Cut-off Date (other than scheduled payments of principal and interest due on
the Mortgage Loans on or before the Cut-off Date and collected after the Cut-off
Date, which shall belong to the Seller).

            (c) On or before the Closing Date, the Seller shall, at its expense,
subject to Section 19, deliver to and deposit with, or cause to be delivered to
and deposited with, the Purchaser or its designee the Mortgage File and any
Additional Collateral (other than reserve funds and escrow payments) with
respect to each Mortgage Loan; provided, however, that in connection with the
delivery of the Mortgage File, the original of each Letter of Credit (and any
related amendment or assignment), if any, shall be delivered to the Master
Servicer and a copy thereof shall be delivered to the Trustee or its designated
Custodian. In addition, with respect to each Mortgage Loan as to which any
Additional Collateral is in the form of a Letter of Credit as of the Closing
Date, the Seller shall cause to be prepared, executed and delivered to the
issuer of each such Letter of Credit such notices, assignments and
acknowledgments as are required under such Letter of Credit to assign, without
recourse, to the Trustee (whether by actual assignment or by amendment of the
Letter of Credit) the Seller's rights as the beneficiary thereof and drawing
party thereunder. Unless the Purchaser notifies the Seller in writing to the
contrary, the designated recipient of the items described in the second
preceding sentence (subject to the proviso to that sentence), and the designated
beneficiary under each Letter of Credit referred to in the preceding sentence,
shall be the Trustee.

            If the Seller cannot deliver on the Closing Date any original or
certified recorded or filed document or original policy of title insurance which
is to be delivered as part of the related Mortgage File for any Mortgage Loan
solely because the Seller is delayed in making such delivery by reason of the
fact that such original or certified recorded or filed document has not been
returned by the appropriate recording or filing office or such original policy
of title insurance has not yet been issued, then the Seller shall deliver such
documents to the Purchaser or its designee, promptly upon the Seller's receipt
thereof.

            In addition, the Seller shall, at its expense, deliver to and
deposit with, or cause to be delivered to and deposited with, the Purchaser or
its designee, within three (3) Business Days after the Closing Date, the
following items (except to the extent that any of the following items are to be
retained by a subservicer that will continue to act on behalf of the Purchaser
or its designee): (i) originals or copies of all financial statements,
appraisals, environmental/ engineering reports, leases, rent rolls, third-party
underwriting reports, insurance policies, legal opinions, tenant estoppels and
any other documents that the Purchaser or its servicing agent reasonably deems
necessary to service the subject Mortgage Loan in the possession or under the
control of the Seller that relate to the Mortgage Loans, copies of all documents
required to be delivered by the Seller to the Purchaser or its designee as a
part of a Mortgage File and, to the extent they are not required to be a part of
a Mortgage File for any Mortgage Loan, originals or copies of all documents,
certificates and opinions in the possession or under the control of the Seller
that were delivered by or on behalf of the related Borrowers in connection with
the origination of the Mortgage Loans (provided that the Seller shall not be
required to deliver any attorney-client privileged communication or any other
documents or materials prepared by the Seller or its Affiliates solely for
internal credit analysis and/or other internal uses); and (ii) all unapplied
reserve funds and escrow payments in the possession or under the control of the
Seller that relate to the Mortgage Loans. Unless the Purchaser notifies the
Seller in writing to the contrary, the designated recipient of the items
described in clauses (i) and (ii) of the preceding sentence shall be the Master
Servicer.

            Notwithstanding the foregoing, if the Seller is unable to deliver
any Letter of Credit constituting Additional Collateral for any Mortgage Loan,
then the Seller may, in lieu thereof, deliver on behalf of the related Borrower,
to be used for the same purposes as such missing Letter of Credit either: (i) a
substitute letter of credit substantially comparable to, but in all cases in the
same amount and with the same draw conditions and renewal rights as, that Letter
of Credit and issued by an obligor that meets any criteria in the related
Mortgage Loan Documents applicable to the issuer of that Letter of Credit; or
(ii) a cash reserve in an amount equal to the amount of that Letter of Credit.
For purposes of the delivery requirements of this Section 2(c), any such
substitute letter of credit shall be deemed to be Additional Collateral of the
type covered by the first paragraph of this Section 2(c) and any such cash
reserve shall be deemed to be reserve funds of the type covered by the third
paragraph of this Section 2(c).

            In connection with the foregoing paragraphs of this Section 2(c),
the Seller shall receive copies, or otherwise be the beneficiary, of all
certifications relating to the Mortgage Loans made and/or delivered by the
Trustee pursuant to Section 2.02(a) and Section 2.02(b) of the Pooling and
Servicing Agreement.

            (d) The Seller shall be responsible for all reasonable fees and
out-of-pocket costs and expenses associated with recording and/or filing any and
all assignments and other instruments of transfer with respect to the Mortgage
Loans that are required to be recorded or filed, as the case may be, under the
Pooling and Servicing Agreement; provided that subject to the next paragraph,
the Seller shall not be responsible for actually recording or filing any such
assignments or other instruments of transfer. If the Seller receives written
notice that any such assignment or other instrument of transfer is lost or
returned unrecorded or unfiled, as the case may be, because of a defect therein,
the Seller shall prepare or cause the preparation of a substitute therefor or
cure such defect, as the case may be; provided that the cost of such preparation
shall be borne by the Purchaser if the loss or return is caused by the
Purchaser's negligence. The Seller shall provide the Purchaser or its designee
with a power of attorney to enable it or them to record any loan documents that
the Purchaser has been unable to record. Unless the Purchaser notifies the
Seller in writing to the contrary, the designated recipients of the power of
attorney referred to in the preceding sentence shall be the Trustee.

            Notwithstanding the immediately preceding paragraph, the Seller may,
at its sole cost and expense, engage a third-party contractor to prepare or
complete in proper form for filing and recording any and all of the assignments
and other instruments described in the immediately preceding paragraph,
including assignments of UCC Financing Statements, with respect to the Mortgage
Loans, to submit such assignments and instruments for filing and recording, as
the case may be, in the applicable public filing and recording offices and to
deliver such assignments and instruments to the Trustee or its designee as such
assignments and other instruments (or certified copies thereof) are received
from the applicable filing and recording offices with evidence of such filing
and recording indicated thereon. However, in the event the Seller engages a
third-party contractor as contemplated in the immediately preceding sentence,
the rights, duties and obligation of the Seller pursuant to this Agreement
remain binding on the Seller.

            (e) Upon the sale of Certificates representing at least 10% of the
total principal balance of all the Certificates to unaffiliated third parties,
the Seller shall, under GAAP, report its transfer of the Mortgage Loans to the
Purchaser, as provided herein, as a sale of the Mortgage Loans to the Purchaser
in exchange for the consideration specified in Section 1 hereof. In connection
with the foregoing, upon sale of Certificates representing at least 10% of the
total principal balance of all the Certificates to unaffiliated third parties,
the Seller shall cause all of its financial and accounting records to reflect
such transfer as a sale (as opposed to a secured loan).

            (f) After the Seller's transfer of the Mortgage Loans to the
Purchaser, as provided herein, the Seller shall not take any action inconsistent
with the Purchaser's ownership of the Mortgage Loans. Except for actions that
are the express responsibility of another party hereunder or under the Pooling
and Servicing Agreement, and further except for actions that the Seller is
expressly permitted to complete subsequent to the Closing Date, the Seller
shall, on or before the Closing Date, take all actions required under applicable
law to effectuate the transfer of the Mortgage Loans by the Seller to the
Purchaser.

            (g) The Mortgage Loan Schedule, as it may be amended from time to
time, shall conform to the requirements set forth in the Pooling and Servicing
Agreement. The Seller shall, within 15 days of its discovery or receipt of
notice of any error on the Mortgage Loan Schedule, amend such Mortgage Loan
Schedule and deliver to the Purchaser or the Trustee, as the case may be, an
amended Mortgage Loan Schedule.

            SECTION 3 Examination of Mortgage Loan Files and Due Diligence
Review. The Seller shall reasonably cooperate with any examination of the
Mortgage Files for, and any other documents and records relating to, the
Mortgage Loans that may be undertaken by or on behalf of the Purchaser. The fact
that the Purchaser has conducted or has failed to conduct any partial or
complete examination of any of the Mortgage Files for, and/or any of such other
documents and records relating to, the Mortgage Loans, shall not affect the
Purchaser's right to pursue any remedy available in equity or at law for a
breach of the Seller's representations and warranties made pursuant to Section 4
(subject, however, to Section 5(e)).

            SECTION 4 Representations, Warranties and Covenants of the Seller
and the Purchaser.

            (a) The Seller hereby makes, as of the date hereof, to and for the
benefit of the Purchaser, each of the representations and warranties set forth
in Exhibit B-1. The Purchaser hereby makes, as of the date hereof, to and for
the benefit of the Seller, each of the representations and warranties set forth
in Exhibit B-2.

            (b) The Seller hereby makes, as of the date hereof (or as of such
other date specifically provided in the particular representation or warranty),
to and for the benefit of the Purchaser, with respect to each Mortgage Loan,
each of the representations and warranties set forth in Exhibit C, subject,
however, to the exceptions set forth in Schedule C-1 hereto and Section 19.

            (c) The Seller hereby represents and warrants, as of the date
hereof, to and for the benefit of the Depositor only, that the Seller has not
dealt with any broker, investment banker, agent or other person (other than the
Depositor, Credit Suisse Securities and the other Underwriters) who may be
entitled to any commission or compensation in connection with the sale to the
Purchaser of the Mortgage Loans.

            (d) The Seller hereby agrees that it shall be deemed to make, as of
the date of substitution, to and for the benefit of the Purchaser, with respect
to any replacement mortgage loan (a "Replacement Mortgage Loan") that is
substituted for a Defective Mortgage Loan (as defined in Section 5(a) hereof),
pursuant to Section 5(a) of this Agreement, each of the representations and
warranties set forth in Exhibit C (subject to any exceptions disclosed at such
time) (with references in such exhibits to "Closing Date" being deemed to be
references to the "date of substitution," references in such exhibits to
"Cut-off Date" being deemed to be references to the "most recent Due Date for
the subject Replacement Mortgage Loan on or before the date of substitution" and
references in such exhibits to "March 2007" and "April 2007" being deemed to be
references to the "month of substitution" and the "month preceding the month of
substitution," respectively). From and after the date of substitution, each
Replacement Mortgage Loan, if any, shall be deemed to constitute a "Mortgage
Loan" hereunder for all purposes.

            (e) It is understood and agreed that the representations and
warranties set forth in or made pursuant to this Section 4 shall survive
delivery of the respective Mortgage Files to the Purchaser or its designee and
shall inure to the benefit of the Purchaser for so long as any of the Mortgage
Loans remain outstanding, notwithstanding any restrictive or qualified
endorsement or assignment.

            (f) At the Time of Sale (as defined in the Indemnification
Agreement), the information set forth in any Disclosure Information (as defined
in the Indemnification Agreement), as last forwarded to each prospective
investor at or prior to the date on which a contract for sale was entered into
with such prospective investor, (i) does not contain any untrue statement of a
material fact or omit to state any material fact necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading and (ii) complies with the requirements of and contains all of
the applicable information required by Regulation AB (as defined in the
Indemnification Agreement); but only to the extent that (i) such information
regards the Mortgage Loans and is contained in the Loan Detail (as defined in
the Indemnification Agreement) or, to the extent consistent therewith, the
Diskette (as defined in the Indemnification Agreement) or (ii) such information
regarding the Seller or the Mortgage Loans was contained in the Confidential
Offering Circular or the Prospectus Supplement under the headings "Summary of
Prospectus Supplement--Relevant Parties/Entities--Sponsors and Mortgage Loan
Sellers," "--Relevant Parties/Entities--Originators," "--The Underlying Mortgage
Loans" and "--Source of the Underlying Mortgage Loans," "Risk Factors,"
"Description of the Sponsors and Mortgage Loan Sellers" and "Description of the
Underlying Mortgage Loans" and such information does not represent an incorrect
restatement or an incorrect aggregation of correct information regarding the
Mortgage Loans contained in the Loan Detail (as defined in the Indemnification
Agreement); provided that, the Seller makes no representation or warranty to the
extent that any such untrue statement or omission or alleged untrue statement or
omission was made as a result of an error in the manipulation of, or an error in
any calculations based upon, or an error in any aggregation (other than an
aggregation made in the Loan Detail by the Seller) of, the numerical, financial
and/or statistical information regarding the Mortgage Loan Seller Information
(as defined in the Indemnification Agreement).

            SECTION 5 Notice of Breach; Cure, Repurchase and Substitution.

            (a) The Trustee or its designee shall provide the Seller with
written notice of any Material Breach or Material Document Defect with respect
to any Mortgage Loan. Within 90 days (or in the case of a Material Document
Defect that consists of the failure to deliver a Specially Designated Mortgage
Loan Document with respect to any Mortgage Loan, 15 days) after the earlier of
discovery or receipt of written notice by the Seller that there has been a
Material Breach or Material Document Defect with respect to any Mortgage Loan
(such 90-day (or, if applicable, 15-day) period, the "Initial Resolution
Period"), the Seller shall, subject to Section 5(b), Section 5(c) and Section
5(d) below, (i) correct or cure such Material Breach or Material Document
Defect, as the case may be, in all material respects or (ii) repurchase the
Mortgage Loan affected by such Material Breach or Material Document Defect, as
the case may be (such Mortgage Loan, a "Defective Mortgage Loan"), at the
applicable Purchase Price, with payment to be made in accordance with the
reasonable directions of the Master Servicer; provided that if the Seller shall
have delivered to the Trustee a certification executed on behalf of the Seller
by an officer thereof stating (i) that such Material Breach or Material Document
Defect, as the case may be, does not relate to whether the Defective Mortgage
Loan is or, as of the Closing Date (or, in the case of a Replacement Mortgage
Loan, as of the related date of substitution), was a "qualified mortgage" within
the meaning of Section 860G(a)(3) of the Code (a "Qualified Mortgage"), (ii)
that such Material Breach or Material Document Defect, as the case may be, is
capable of being cured but not within the applicable Initial Resolution Period,
(iii) that the Seller has commenced and is diligently proceeding with the cure
of such Material Breach or Material Document Defect, as the case may be, within
the applicable Initial Resolution Period, (iv) what actions the Seller is
pursuing in connection with the cure thereof, and (v) that the Seller
anticipates that such Material Breach or Material Document Defect, as the case
may be, will be cured within an additional period not to exceed the applicable
Resolution Extension Period (as defined below), then the Seller shall have an
additional period equal to the applicable Resolution Extension Period to
complete such cure or, failing such, to repurchase the Defective Mortgage Loan;
and provided, further, that, if the Seller's obligation to repurchase any
Defective Mortgage Loan as a result of a Material Breach or Material Document
Defect arises within the three-month period commencing on the Closing Date (or
within the two-year period commencing on the Closing Date if the Defective
Mortgage Loan is a "defective obligation" within the meaning of Section
860G(a)(4)(B)(ii) of the Code and Treasury regulation section 1.860G-2(f)) and
if the Defective Mortgage Loan is still subject to the Pooling and Servicing
Agreement, then the Seller may, at its option, subject to the terms, conditions
and limitations set forth in the Pooling and Servicing Agreement, in lieu of
repurchasing such Defective Mortgage Loan (but, in any event, no later than such
repurchase would have to have been completed), (i) replace such Defective
Mortgage Loan with one or more substitute mortgage loans that individually and
collectively satisfy the requirements of the definition of "Qualifying
Substitute Mortgage Loan" set forth in the Pooling and Servicing Agreement, and
(ii) pay any corresponding Substitution Shortfall Amount, such substitution and
payment to be effected in accordance with the terms of the Pooling and Servicing
Agreement. Any such repurchase or replacement of a Defective Mortgage Loan shall
be on a whole loan, servicing released basis. The Seller shall have no
obligation to monitor the Mortgage Loans regarding the existence of a Material
Breach or Material Document Defect, but if the Seller discovers a Material
Breach or Material Document Defect with respect to a Mortgage Loan, it will
notify the Trustee.

            "Resolution Extension Period" shall mean:

            (i) for purposes of remediating a Material Breach with respect to
      any Mortgage Loan, 90 days;

            (ii) for purposes of remediating a Material Document Defect with
      respect to any Mortgage Loan that is and remains a Performing Mortgage
      Loan throughout the applicable Initial Resolution Period, the period
      commencing at the end of the applicable Initial Resolution Period and
      ending on, and including, the earlier of (A) the 90th day following the
      end of such Initial Resolution Period and (B) the 45th day following the
      Seller's receipt of written notice from the Trustee, the Master Servicer
      or the Special Servicer of the occurrence of any Servicing Transfer Event
      with respect to such Mortgage Loan subsequent to the end of such Initial
      Resolution Period;

            (iii) for purposes of remediating a Material Document Defect with
      respect to any Mortgage Loan that is a Performing Mortgage Loan as of the
      commencement of the applicable Initial Resolution Period, but as to which
      a Servicing Transfer Event occurs during such Initial Resolution Period,
      the period commencing at the end of the applicable Initial Resolution
      Period and ending on, and including, the 90th day following the earlier of
      (A) the end of such Initial Resolution Period and (B) the Seller's receipt
      of written notice from the Trustee, the Master Servicer or the Special
      Servicer of the occurrence of such Servicing Transfer Event; and

            (iv) for purposes of remediating a Material Document Defect with
      respect to any Mortgage Loan that is a Specially Serviced Mortgage Loan as
      of the commencement of the applicable Initial Resolution Period, zero
      (-0-) days, provided that, if the Seller did not receive written notice
      from the Trustee, the Master Servicer or the Special Servicer of the
      relevant Servicing Transfer Event as of the commencement of the applicable
      Initial Resolution Period, then such Servicing Transfer Event will be
      deemed to have occurred during such Initial Resolution Period and clause
      (iii) of this definition will be deemed to apply;

provided that, except as otherwise set forth in the following two provisos,
there shall be no Resolution Extension Period in respect of a Material Document
Defect involving a Specially Designated Mortgage Loan Document for any Mortgage
Loan; and provided, further, that if a Material Document Defect exists with
respect to any Mortgage Loan, if such Mortgage Loan is then subject to the
Pooling and Servicing Agreement, and if the Seller escrows with the Master
Servicer, prior to the end of the Initial Resolution Period and any Resolution
Extension Period otherwise applicable to the remediation of such Material
Document Defect without regard to this proviso, cash in the amount of the then
Purchase Price for such Mortgage Loan and subsequently delivers to the Master
Servicer, on a monthly basis, such additional cash as may be necessary to
maintain a total escrow equal to the Purchase Price for such Mortgage Loan as
such Purchase Price may increase over time (the total amount of cash delivered
to the Master Servicer with respect to any Mortgage Loan as contemplated by this
proviso or the immediately following proviso, the "Purchase Price Security
Deposit"), then the Resolution Extension Period applicable to the remediation of
such Material Document Defect shall be extended until the earliest of (i) the
second anniversary of the Closing Date, (ii) the date on which such Mortgage
Loan is no longer outstanding and part of the Trust Fund, and (iii) if such
Mortgage Loan becomes a Specially Serviced Mortgage Loan under the Pooling and
Servicing Agreement, and if the Special Servicer determines in its reasonable
judgment that such Material Document Defect will materially interfere with or
delay the realization against the related Mortgaged Property or materially
increase the cost thereof, the end of the 30th day following the Seller's
receipt of written notice from the Special Servicer of the occurrence of the
related Servicing Transfer Event and of such determination; and provided,
further, that if the Material Document Defect referred to in the preceding
proviso consists of a failure to deliver a Specially Designated Mortgage Loan
Document with respect to any Mortgage Loan, and if the Seller delivers to the
Master Servicer a Purchase Price Security Deposit equal to 25% of the
outstanding principal balance of the subject Mortgage Loan, then the Resolution
Extension Period applicable to the remediation of such Material Document Defect
shall be extended to, and include, the 15th day following the end of the
applicable Initial Resolution Period.

            The Master Servicer shall establish, and maintain any Purchase Price
Security Deposit delivered to it with respect to any Mortgage Loan in, one or
more accounts (individually and collectively, the "Purchase Price Security
Deposit Account") and shall be entitled to make withdrawals from such account(s)
for the following purposes: (i) to cover any costs and expenses resulting from
the applicable Material Document Defect; (ii) upon any discounted payoff or
other liquidation of such Mortgage Loan, to cover any Realized Loss related
thereto; and (iii) if the Seller so directs, or if the balance on deposit in the
Purchase Price Security Deposit Account declines, and for 45 days remains, below
the Purchase Price for such Mortgage Loan (except where a Purchase Price
Security Deposit equal to 25% of the outstanding principal balance of the
subject Mortgage Loan is permitted to be delivered in order to obtain a 15-day
Resolution Extension Period with respect to the failure to deliver a Specially
Designated Mortgage Loan Document), or if such Material Document Defect is not
remedied on or before the second anniversary of the Closing Date, or if such
Mortgage Loan becomes a Specially Serviced Mortgage Loan under the Pooling and
Servicing Agreement and the Special Servicer determines in its reasonable
judgment that such Material Document Defect will materially interfere with or
delay the realization against the related Mortgaged Property or materially
increase the costs thereof and the Seller has received 30 days' prior written
notice from the Special Servicer of the occurrence of the related Servicing
Transfer Event and of such determination, to apply the Purchase Price Security
Deposit to a full or partial, as applicable, payment of the Purchase Price for
such Mortgage Loan (with the Seller to pay any remaining balance of such
Purchase Price). The Seller may obtain a release of the Purchase Price Security
Deposit for any Mortgage Loan (net of any amounts payable therefrom as
contemplated by the prior sentence) upon such Mortgage Loan's being paid in full
or otherwise satisfied, liquidated or removed from the Trust Fund or upon the
subject Material Document Defect's being remedied in all material respects. The
Seller may direct the Master Servicer to invest or cause the investment of the
funds deposited in any Purchase Price Security Deposit Account in one or more
Permitted Investments that bear interest or are sold at a discount and that
mature, unless payable on demand, no later than the Business Day prior to the
next Master Servicer Remittance Date. The Master Servicer shall act upon the
written instructions of the Seller with respect to the investment of funds in
any Purchase Price Security Deposit Account in such Permitted Investments,
provided that in the absence of appropriate written instructions from the
Seller, the Master Servicer shall have no obligation to invest or direct the
investment of funds in such Purchase Price Security Deposit Account. All income
and gain realized from the investment of funds deposited in any Purchase Price
Security Deposit Account shall be for the benefit of the Seller and shall be
withdrawn by the Master Servicer and remitted to the Seller on each Master
Servicer Remittance Date (net of any losses incurred and any deposits required
to be made by the Seller as contemplated by the second proviso to the prior
paragraph), and the Seller shall remit to the Master Servicer from the Seller's
own funds for deposit into such Purchase Price Security Deposit Account the
amount of any realized losses (net of realized gains) in respect of such
Permitted Investments immediately upon realization of such net losses and
receipt of written notice thereof from the Master Servicer; provided that the
Seller shall not be required to make any such deposit for any realized loss
which is incurred solely as a result of the insolvency of the federal or state
depository institution or trust company that holds such Purchase Price Security
Deposit Account. Neither the Trustee nor the Master Servicer shall have any
responsibility or liability with respect to the investment directions of the
Seller, the investment of funds in any Purchase Price Security Deposit Account
in Permitted Investments or any losses resulting therefrom.

            If one or more (but not all) of the Mortgage Loans constituting a
Cross-Collateralized Group are to be repurchased or replaced by the Seller as
contemplated by this Section 5(a), then, prior to the subject repurchase or
substitution, the Master Servicer shall use reasonable efforts, subject to the
terms of such Mortgage Loans, to prepare and, to the extent necessary and
appropriate, have executed by the related Borrower and record, such
documentation as may be necessary to terminate the cross-collateralization
between the Mortgage Loans in such Cross-Collateralized Group that are to be
repurchased or replaced, on the one hand, and the remaining Mortgage Loans
therein, on the other hand, such that those two groups of Mortgage Loans are
each secured only by the Mortgaged Properties identified in the Mortgage Loan
Schedule as directly corresponding thereto, provided that no such termination
shall be effected unless and until (i) the Controlling Class Representative has
consented in writing (which consent may be given or withheld in its sole
discretion) and (ii) the Trustee and the Master Servicer shall have received
from the Seller (A) an Opinion of Counsel from independent counsel to the effect
that such termination will not cause an Adverse REMIC Event to occur with
respect to the Upper-Tier REMIC or the Lower-Tier REMIC or an Adverse Grantor
Trust Event with respect to the Grantor Trust and (B) written confirmation from
each Rating Agency that such termination will not cause an Adverse Rating Event
to occur with respect to any Class of Rated Certificates; and provided, further,
that the Seller may, at its option, repurchase or replace the entire subject
Cross-Collateralized Group pursuant to the first paragraph of this Section 5(a)
in lieu of terminating the cross-collateralization. All costs and expenses
incurred by the Trustee and the Master Servicer pursuant to this paragraph shall
be included in the calculation of Purchase Price for the Mortgage Loan(s) to be
repurchased or replaced.

            If one or more (but not all) of the Mortgage Loans constituting a
Cross-Collateralized Group are to be repurchased or replaced by the Seller as
contemplated by the immediately preceding paragraph, the Seller must satisfy
both the requirements set forth in the immediately preceding paragraph and the
Crossed Mortgage Loan Repurchase Criteria (as defined in the Pooling and
Servicing Agreement).

            If the cross-collateralization of any Cross-Collateralized Group of
Mortgage Loans cannot be terminated as contemplated by the second preceding
paragraph for any reason (including, but not limited to, the Seller's failure to
satisfy any of the conditions set forth in the first proviso to the first
sentence of the second preceding paragraph), or if the proposed repurchase or
replacement of less than all of the Mortgage Loans included within such
Cross-Collateralized Group does not satisfy the applicable Crossed Mortgage Loan
Repurchase Criteria as contemplated by the immediately preceding paragraph,
then, for purposes of (i) determining whether the subject Breach or Document
Defect is a Material Breach or Material Document Defect, as the case may be, and
(ii) the application of remedies (including, without limitation, repurchase and
replacement as contemplated by this Section 5(a)), such Cross-Collateralized
Group shall be treated as a single Mortgage Loan.

            Whenever one or more mortgage loans are substituted by the Seller
for a Defective Mortgage Loan as contemplated by this Section 5(a), the Seller
shall (i) deliver the related Mortgage File for each such substitute mortgage
loan to the Trustee, (ii) certify that such substitute mortgage loan satisfies
or such substitute mortgage loans satisfy, as the case may be, all of the
requirements of the definition of "Qualifying Substitute Mortgage Loan" set
forth in the Pooling and Servicing Agreement and (iii) send such certification
to the Trustee. No mortgage loan may be substituted for a Defective Mortgage
Loan as contemplated by this Section 5(a) if the Defective Mortgage Loan to be
replaced was itself a Replacement Mortgage Loan, in which case, absent cure, in
all material respects, of the relevant Material Breach or Material Document
Defect, the Defective Mortgage Loan will be required to be repurchased as
contemplated hereby. Monthly Payments due with respect to each Replacement
Mortgage Loan (if any) after the related date of substitution, and Monthly
Payments due with respect to each Defective Mortgage Loan after the Cut-off Date
(or, in the case of a Replacement Mortgage Loan, after the date on which it is
added to the Trust Fund) and received by the Master Servicer or the Special
Servicer on behalf of the Trust on or prior to the related date of repurchase or
replacement, shall belong to the Trust Fund. Monthly Payments due with respect
to each Replacement Mortgage Loan (if any) on or prior to the related date of
substitution, and Monthly Payments due with respect to each Defective Mortgage
Loan, and received by the Master Servicer or the Special Servicer on behalf of
the Trust, after the related date of repurchase or replacement, shall belong to
the Seller (or, if applicable, any person effecting such repurchase or
substitution in the place of the Seller).

            (b) Notwithstanding Section 5(a), if there exists a Breach of any
representation or warranty on the part of the Seller with respect to any
Mortgage Loan set forth in, or made pursuant to, Section 4(b) or 4(d) of this
Agreement that the related Mortgage Loan Documents or any particular related
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 the Seller shall, within 90 days of the Seller's receipt
of written direction from the Master Servicer or the Special Servicer, pay the
amount of any such costs and expenses borne by the Trust 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
Seller shall have the option to repurchase such Mortgage Loan at the applicable
Purchase Price as contemplated by Section 5(a), replace such Mortgage Loan and
pay the applicable Substitution Shortfall Amount as contemplated by Section 5(a)
or pay such costs and expenses. Except as provided in the proviso to the
immediately preceding sentence, the Seller shall remit the amount of such costs
and expenses and upon its making such payment, the Seller shall be deemed to
have cured such Breach in all respects. Provided such payment is made, this
paragraph describes the sole remedy available to the Certificateholders and the
Trustee on their behalf regarding any such Breach, regardless of whether it
constitutes a Material Breach, and the Seller shall not be obligated to
repurchase or otherwise cure such Breach under any circumstances.

            (c) If any Defective Mortgage Loan is to be repurchased or replaced
as contemplated by Section 5(a), the Seller shall amend the Mortgage Loan
Schedule to reflect the removal of the Defective Mortgage Loan and, if
applicable, the substitution of the related Replacement Mortgage Loan(s) and
shall forward such amended schedule to the Master Servicer.

            It shall be a condition to any repurchase or replacement of a
Defective Mortgage Loan by the Seller pursuant to Section 5(a) that the Trustee
shall have executed and delivered such endorsements and instruments of release,
transfer and/or assignment then presented to it by the Seller, in each case
without recourse, as shall be necessary to vest in the Seller the legal and
beneficial ownership of such Defective Mortgage Loan (including any property
acquired in respect thereof or proceeds of any insurance policy with respect
thereto) and the related Mortgage Loan Documents, to the extent that such
ownership interest was transferred to the Purchaser hereunder.

            (d) If, on or after September 30, 2008, the Seller receives notice
of a Material Document Defect with respect to any Mortgage Loan, which Material
Document Defect constitutes a Recording Omission, and if such Mortgage Loan is
still subject to the Pooling and Servicing Agreement, then the Seller, with the
written consent of the Controlling Class Representative, which consent may be
granted or withheld in its sole discretion, and written confirmation from each
Rating Agency that the following arrangement will not result in an Adverse
Rating Event with respect to any Class of Rated Certificates, in lieu of
repurchasing or replacing such Mortgage Loan (as and to the extent contemplated
by Section 5(a) above), but in no event later than such repurchase would have to
have been completed, establish a Recording Omission Credit or a Recording
Omission Reserve with the Master Servicer; provided that if the Seller has
already established a Purchase Price Security Deposit with respect to such
Mortgage Loan in accordance with Section 5(a), the outstanding balance of such
Purchase Price Security Deposit (when, if applicable, combined with an
additional amount being tendered by the Seller) is not less than the amount of
the required Recording Omission Reserve and the establishment of a Recording
Omission Reserve will not result in an Adverse Rating Event with respect to any
Class of Rated Certificates, the existing Purchase Price Security Deposit
(together with any additional amount being tendered by the Seller, if
applicable) shall constitute the establishment of a Recording Omission Reserve
with respect to such Mortgage Loan for purposes of this Section 5(d). In
furtherance of the preceding sentence, the Master Servicer shall establish one
or more accounts (individually and collectively, the "Special Reserve Account"),
each of which shall be an Eligible Account, and the Master Servicer shall
deposit any Recording Omission Reserve into the Special Reserve Account within
one Business Day of receipt. The Seller may direct the Master Servicer to invest
or cause the investment of the funds deposited in the Special Reserve Account in
one or more Permitted Investments that bear interest or are sold at a discount
and that mature, unless payable on demand, no later than the Business Day prior
to the next Master Servicer Remittance Date. The Master Servicer shall act upon
the written instructions of the Seller with respect to the investment of funds
in the Special Reserve Account in such Permitted Investments, provided that in
the absence of appropriate written instructions from the Seller, the Master
Servicer shall have no obligation to invest or direct the investment of funds in
such Special Reserve Account. All income and gain realized from the investment
of funds deposited in such Special Reserve Account shall be for the benefit of
the Seller and shall be withdrawn by the Master Servicer and remitted to the
Seller on each Master Servicer Remittance Date (net of any losses incurred), and
the Seller shall remit to the Master Servicer from the Seller's own funds for
deposit into such Special Reserve Account the amount of any realized losses (net
of realized gains) in respect of such Permitted Investments immediately upon
realization of such net losses and receipt of written notice thereof from the
Master Servicer; provided that the Seller shall not be required to make any such
deposit for any realized loss which is incurred solely as a result of the
insolvency of the federal or state depository institution or trust company that
holds such Special Reserve Account. Neither the Trustee nor the Master Servicer
shall have any responsibility or liability with respect to the investment
directions of the Seller, the investment of funds in the Special Reserve Account
in Permitted Investments or any losses resulting therefrom. A Recording Omission
Credit shall (i) entitle the Master Servicer to draw upon the Recording Omission
Credit on behalf of the Trustee upon presentation of only a sight draft or other
written demand for payment, (ii) permit multiple draws by the Master Servicer,
and (iii) be issued by such issuer and containing such other terms as the Master
Servicer may reasonably require to make such Recording Omission Credit
reasonably equivalent security to a Recording Omission Reserve in the same
amount. Once a Recording Omission Reserve or Recording Omission Credit is
established with respect to any Mortgage Loan, the Master Servicer shall, from
time to time, withdraw funds from the related Special Reserve Account or draw
upon the related Recording Omission Credit, as the case may be, and apply the
proceeds thereof to pay the losses or expenses directly incurred by the Trust as
a result of a Recording Omission. The Recording Omission Reserve or Recording
Omission Credit or any unused balance thereof with respect to any Mortgage Loan
will be released to the Seller by the Master Servicer upon the earlier of the
Seller's cure of all Recording Omissions with respect to such Mortgage Loan
(provided that the Trust has been reimbursed with respect to all losses and
expenses relating to Recording Omissions with respect to such Mortgage Loan) and
such Mortgage Loan's no longer being a part of the Trust Fund under the Pooling
and Servicing Agreement.

            (e) It is understood and agreed that the obligations of the Seller
set forth in this Section 5 to cure a Material Breach or a Material Document
Defect, repurchase or replace the related Defective Mortgage Loan(s), cover
certain expenses or establish a Purchase Price Security Deposit, a Recording
Omission Credit or a Recording Omission Reserve with respect to the related
Defective Mortgage Loan(s), constitute the sole remedies against the Seller
available to the Purchaser, the Certificateholders or the Trustee on behalf of
the Certificateholders with respect to a Breach or Document Defect in respect of
any Mortgage Loan.

            (f) If the Seller disputes that a Material Document Defect or
Material Breach exists with respect to a Mortgage Loan or otherwise refuses (i)
to effect a correction or cure of such Material Document Defect or Material
Breach, (ii) to repurchase the affected Mortgage Loan from the Purchaser or its
assignee or (iii) to replace such Mortgage Loan with a Qualifying Substitute
Mortgage Loan, each in accordance with the foregoing provisions of this Section
5, then (provided that (A) the Mortgage Loan is then subject to the Pooling and
Servicing Agreement, (B) at least the applicable Initial Resolution Period has
expired and (C) the Mortgage Loan is then in default and is then a Specially
Serviced Mortgage Loan), the Special Servicer may, subject to the Servicing
Standard, modify, work-out or foreclose, sell or otherwise liquidate (or permit
the liquidation of) the Mortgage Loan pursuant to the terms of the Pooling and
Servicing Agreement, while pursuing the repurchase claim, and such action shall
not be a defense to the repurchase claim or alter the applicable Purchase Price
(it being understood and agreed that the foregoing is not intended to otherwise
delay the actions of the Special Servicer with respect to a Specially Serviced
Mortgage Loan).

            If any REO Property in respect of any Mortgage Loan is subject to
the Pooling and Servicing Agreement and there is any alleged Material Document
Defect or Material Breach with respect to such REO Property or the related
Mortgage Loan, then the Seller shall be notified promptly and in writing by the
Special Servicer of any offer that it receives to purchase such REO Property.
Upon the receipt of such notice by the Seller, the Seller shall then have the
right to repurchase such REO Property from the Trust at a purchase price equal
to the amount of such offer. The Seller shall have three (3) Business Days to
purchase such REO Property from the date that it was notified of such offer. The
Special Servicer shall be obligated to provide the Seller with any appraisal or
other third-party reports relating to such REO Property within its possession to
enable the Seller to evaluate such REO Property. Any sale of a Mortgage Loan, or
foreclosure upon such Mortgage Loan and sale of any related REO Property, to a
Person other than the Seller shall be (i) without recourse of any kind (either
expressed or implied) by such Person against the Seller and (ii) without
representation or warranty of any kind (either expressed or implied) by the
Seller to or for the benefit of such Person.

            The fact that a Material Document Defect or Material Breach is not
discovered until after foreclosure (but in all instances prior to the sale of
the subject Mortgage Loan or REO Property) shall not prejudice any claim of the
Trust against the Seller for repurchase of the subject Mortgage Loan or REO
Property. The provisions of this Section 5 regarding remedies against the Seller
for a Material Breach or Material Document Defect with respect to any Mortgage
Loan shall also apply to the related REO Property.

            If the Seller fails to correct or cure the Material Document Defect
or Material Breach or purchase the subject REO Property, then the provisions
above regarding notice of offers related to such REO Property and the Seller's
right to purchase such REO Property shall apply. If a court of competent
jurisdiction issues a final order that the Seller is or was obligated to
repurchase the related Mortgage Loan or REO Property or the Seller otherwise
accepts liability, then, after the expiration of any applicable appeal period,
but in no event later than the termination of the Trust pursuant to the Pooling
and Servicing Agreement, the Seller will be obligated to pay to the Trust the
amount, if any, by which the applicable Purchase Price exceeds any Liquidation
Proceeds received upon such liquidation (including those arising from any sale
to the Seller); provided that the prevailing party in such action shall be
entitled to recover all costs, fees and expenses (including reasonable
attorneys' fees) related thereto.

            SECTION 6 Closing. The closing of the sale of the Mortgage Loans
(the "Closing") shall be held at the offices of Cadwalader, Wickersham & Taft
LLP, One World Financial Center, New York, New York 10281, or at such other
location as agreed upon between the parties hereto, at 10:00 a.m., New York City
time, on the Closing Date.

            The Closing shall be subject to each of the following conditions:

            (i) all of the representations and warranties of each of the Seller
      and the Purchaser made pursuant to Section 4 of this Agreement (subject,
      in the case of the Seller, to the exceptions set forth in Schedule C-1
      hereto) shall be true and correct in all material respects as of the
      Closing Date;

            (ii) all documents specified in Section 7 of this Agreement (the
      "Closing Documents"), in such forms as are agreed upon and reasonably
      acceptable to the Purchaser and, in the case of the Pooling and Servicing
      Agreement (insofar as such Agreement affects the obligations of the Seller
      hereunder), to the Seller, shall be duly executed and delivered by all
      signatories as required pursuant to the respective terms thereof;

            (iii) the Seller shall have delivered and released to the Purchaser
      or its designee, all documents, funds and other assets required to be
      delivered thereto on or before the Closing Date pursuant to Section 2 of
      this Agreement;

            (iv) the result of any examination of the Mortgage Files for, and
      any other documents and records relating to, the Mortgage Loans performed
      by or on behalf of the Purchaser pursuant to Section 3 hereof shall be
      satisfactory to the Purchaser in its reasonable determination;

            (v) all other terms and conditions of this Agreement required to be
      complied with on or before the Closing Date shall have been complied with
      in all material respects, and the Seller shall have the ability to comply
      with all terms and conditions and perform all duties and obligations
      required to be complied with or performed by it after the Closing Date;

            (vi) the Seller shall have paid all fees and expenses payable by it
      to the Purchaser or otherwise pursuant to this Agreement;

            (vii) the Seller shall have received the purchase price for the
      Mortgage Loans, as contemplated by Section 1; and

            (viii) neither the Underwriting Agreement nor the Certificate
      Purchase Agreement shall have been terminated in accordance with its
      terms.

            Both parties agree to use their commercially reasonable best efforts
to perform their respective obligations hereunder in a manner that will enable
the Purchaser to purchase the Mortgage Loans on the Closing Date.

            SECTION 7 Closing Documents. The Closing Documents shall consist of
the following:

            (i) this Agreement, duly executed by the Purchaser and the Seller;

            (ii) each of the Pooling and Servicing Agreement and the
      Indemnification Agreement, duly executed by the respective parties
      thereto;

            (iii) an Officer's Certificate substantially in the form of Exhibit
      D-1 hereto, executed by the Secretary or an Assistant Secretary of the
      Seller, in his or her individual capacity on behalf of the Seller, and
      dated the Closing Date, and upon which the Depositor, Credit Suisse
      Securities, the other Underwriters and the Rating Agencies (collectively,
      for purposes of this Section 7, the "Interested Parties") may rely,
      attaching thereto as exhibits (A) the resolutions of the board of
      directors of the Seller authorizing the Seller's entering into the
      transactions contemplated by this Agreement and (B) the organizational
      documents of the Seller;

            (iv) a certificate of good standing with respect to the Seller
      issued by the Secretary of State of the State of Delaware not earlier than
      30 days prior to the Closing Date, and upon which the Interested Parties
      may rely;

            (v) a Certificate of the Seller substantially in the form of Exhibit
      D-2 hereto, executed by an executive officer of the Seller on the Seller's
      behalf and dated the Closing Date, and upon which the Interested Parties
      may rely;

            (vi) a written opinion or opinions of counsel for the Seller (which
      may include an opinion of in-house counsel), dated the Closing Date and
      addressed to the Interested Parties and the respective parties to the
      Pooling and Servicing Agreement, which opinion shall be in form reasonably
      acceptable to the Purchaser and shall cover such corporate and other
      matters as shall be reasonably required by the Purchaser;

            (vii) one or more comfort letters from Ernst & Young LLP, certified
      public accountants, dated the date of any preliminary Prospectus
      Supplement and of the Prospectus Supplement, respectively, and addressed
      to, and in form and substance acceptable to, the Depositor, Credit Suisse
      Securities, the other Underwriters and their respective counsel, stating
      in effect that, using the assumptions and methodology used by the
      Depositor, all of which shall be described in such letters, they have
      recalculated such numbers and percentages relating to the Mortgage Loans
      set forth in any preliminary Prospectus Supplement and the Prospectus
      Supplement, compared the results of their calculations to the
      corresponding items in any preliminary Prospectus Supplement and the
      Prospectus Supplement, respectively, and found each such number and
      percentage set forth in any preliminary Prospectus Supplement and the
      Prospectus Supplement, respectively, to be in agreement with the results
      of such calculations;

            (viii) such further certificates, opinions and documents as the
      Purchaser may reasonably request or any Rating Agency may require;

            (ix) a written certificate or certificates of the Purchaser dated
      the Closing Date in form acceptable to the Seller confirming the
      Purchaser's representations and warranties in Section 4 of this Agreement
      as of the Closing Date, with the resolutions of the Purchaser authorizing
      the transactions set forth herein, together with copies of the
      organizational documents and certificate of good standing dated not
      earlier than 30 days prior to the Closing Date of the Purchaser; and

            (x) such other certificates of the Purchaser's officers, such
      opinions of the Purchaser's counsel (which may include in-house counsel)
      and such other documents required to evidence fulfillment of the
      conditions set forth in this Agreement as the Seller or its counsel may
      reasonably request.

            SECTION 8 Costs. Whether or not this Agreement is terminated, except
to the extent otherwise specifically provided in this Agreement, the costs and
expenses incurred in connection with the transactions herein contemplated shall
be allocated between the parties hereto as provided in any terms letter
agreement or other agreement between them which pertains to such transactions.

            SECTION 9 Notices. All demands, notices and communications hereunder
shall be in writing, shall be effective only upon receipt by the Purchaser or
the Seller, as applicable, and shall be personally delivered, mailed, by
registered mail, postage prepaid, delivered by overnight mail or courier
service, or transmitted by facsimile and confirmed to the sender and (a) if to
the Purchaser, addressed to the Purchaser at 11 Madison Avenue, 5th Floor, New
York, New York 10010, Attention: Edmond Taylor, with a copy to Casey McCutcheon,
Esq., Legal & Compliance Department, Telecopy No.: (917) 326-8433, or such other
address or telecopy number as may be designated by the Purchaser to the Seller
in writing, or (b) if to the Seller, addressed to the Seller at 3414 Peachtree
Road, N.E., Suite 1140, Atlanta, Georgia 30326, Attention: President, Telecopy
No: (404) 239-0419, or such other address as may be designated by the Seller to
the Purchaser in writing.

            SECTION 10 Notice of Exchange Act Reportable Events. The Seller
hereby agrees to deliver to the Depositor and the Trustee any disclosure
information relating to any event reasonably determined in good faith by the
Depositor as required to be reported on Form 8-K, Form 10-D or Form 10-K by the
Trust Fund (in formatting reasonably appropriate for inclusion in such form),
including, without limitation, the disclosure required under Items 1117 and 1119
of Regulation AB and Item 1.03 to Form 8-K. The Seller shall use commercially
reasonable efforts to deliver proposed disclosure language relating to any event
described under Items 1117 and 1119 of Regulation AB and Item 1.03 to Form 8-K
to the Trustee and the Depositor within one (1) Business Day of become aware of
such event giving rise to such disclosure and in any event no later than two (2)
Business Days of the Seller becoming aware of such event, and shall provide
disclosure relating to any other event reasonably determined by the Depositor as
required to be disclosed on Form 8-K, Form 10-D or Form 10-K within two (2)
Business Days following the Depositor's request for such disclosure language.
The obligation of the Seller to provide the above-referenced disclosure
materials will terminate upon the filing of the Form 15 with respect to the
Trust Fund as to that fiscal year in accordance with Section 12.10(a) of the
Pooling and Servicing Agreement. The Seller hereby acknowledges that the
information to be provided by it pursuant to this Section will be used in the
preparation of reports meeting the reporting requirements of the Trust under
Section 13(a) and/or Section 15(d) of the Exchange Act.

            SECTION 11 Miscellaneous. Neither this Agreement nor any term or
provision hereof may be changed, waived, discharged or terminated except by a
writing signed by a duly authorized officer of the party against whom
enforcement of such change, waiver, discharge or termination is sought to be
enforced. This Agreement may be executed in any number of counterparts (and by
each of the parties hereto on different counterparts), each of which shall for
all purposes be deemed to be an original and all of which shall together
constitute but one and the same instrument. This Agreement will inure to the
benefit of and be binding upon the parties hereto and their respective
successors and permitted assigns, and no other person will have any right or
obligation hereunder. Notwithstanding any contrary provision of this Agreement
or the Pooling and Servicing Agreement, the Purchaser shall not consent to any
amendment of the Pooling and Servicing Agreement which will increase the
obligations of, or otherwise adversely affect, the Seller, without the consent
of the Seller.

            SECTION 12 Characterization. The parties hereto agree that it is
their express intent that the conveyance contemplated by this Agreement be, and
be treated for all purposes as, a sale by the Seller of all the Seller's right,
title and interest in and to the Mortgage Loans. The parties hereto further
agree that it is not their intention that such conveyance be a pledge of the
Mortgage Loans by the Seller to secure a debt or other obligation of the Seller.
However, in the event that, notwithstanding the intent of the parties, the
Mortgage Loans are held to continue to be property of the Seller, then: (a) this
Agreement shall be deemed to be a security agreement under applicable law; (b)
the transfer of the Mortgage Loans provided for herein shall be deemed to be a
grant by the Seller to the Purchaser of a first priority security interest in
all of the Seller's right, title and interest in and to the Mortgage Loans and
all amounts payable to the holder(s) of the Mortgage Loans in accordance with
the terms thereof (other than scheduled payments of interest and principal due
on or before the Cut-off Date) and all proceeds of the conversion, voluntary or
involuntary, of the foregoing into cash, instruments, securities or other
property; (c) the assignment by the Depositor to the Trustee of its interests in
the Mortgage Loans as contemplated by Section 17 hereof shall be deemed to be an
assignment of any security interest created hereunder; (d) the possession by the
Purchaser of the related Mortgage Notes and such other items of property as
constitute instruments, money, negotiable documents or chattel paper shall be
deemed to be "possession by the secured party" for purposes of perfecting the
Purchaser's security interest under applicable law; and (e) notifications to,
and acknowledgments, receipts or confirmations from, persons or entities holding
such property, shall be deemed notifications to, or acknowledgments, receipts or
confirmations from, bailees or agents (as applicable) of the Purchaser for the
purpose of perfecting such security interest under applicable law. The Seller
and the Purchaser shall, to the extent consistent with this Agreement, take such
actions as may be necessary to ensure that, if this Agreement were deemed to
create a security interest in the Mortgage Loans, such security interest would
be a perfected security interest of first priority under applicable law and will
be maintained as such throughout the term of this Agreement and the Pooling and
Servicing Agreement. In connection with the foregoing, the Seller authorizes the
Purchaser to execute and file such UCC financing statements as the Purchaser may
deem necessary or appropriate to accomplish the foregoing.

            SECTION 13 Representations, Warranties and Agreements to Survive
Delivery. All representations, warranties and agreements contained in this
Agreement, incorporated herein by reference or contained in the certificates of
officers of the Seller delivered pursuant hereto, shall remain operative and in
full force and effect and shall survive delivery of the Mortgage Loans by the
Seller to the Purchaser, notwithstanding (1) any restrictive or qualified
endorsement or assignment in respect of any Mortgage Loan or (2) any termination
of this Agreement prior to Closing.

            SECTION 14 Severability of Provisions. Any part, provision,
representation, warranty or covenant of this Agreement that is prohibited or is
held to be void or unenforceable shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof. Any part, provision, representation, warranty or covenant of this
Agreement that is prohibited or is held to be void or unenforceable in any
particular jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. To the extent permitted by applicable law,
the parties hereto waive any provision of law which prohibits or renders void or
unenforceable any provision hereof.

            SECTION 15 GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT
WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, APPLICABLE TO AGREEMENTS NEGOTIATED, MADE AND TO BE PERFORMED ENTIRELY
IN SAID STATE. TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, THE
PURCHASER AND THE SELLER HEREBY IRREVOCABLY (I) SUBMIT TO THE JURISDICTION OF
ANY NEW YORK STATE AND FEDERAL COURTS SITTING IN NEW YORK CITY WITH RESPECT TO
MATTERS ARISING OUT OF OR RELATING TO THIS AGREEMENT; (II) AGREE THAT ALL CLAIMS
WITH RESPECT TO SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH
NEW YORK STATE OR FEDERAL COURTS; (III) WAIVE, TO THE FULLEST POSSIBLE EXTENT,
THE DEFENSE OF AN INCONVENIENT FORUM; AND (IV) AGREE THAT A FINAL JUDGMENT IN
ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.

            SECTION 16 Further Assurances. The Seller and the Purchaser agree to
execute and deliver such instruments and take such further actions as the other
party may, from time to time, reasonably request in order to effectuate the
purposes and to carry out the terms of this Agreement.

            SECTION 17 Successors and Assigns. The rights and obligations of the
Seller under this Agreement shall not be assigned by the Seller without the
prior written consent of the Purchaser, except that any person into which the
Seller may be merged or consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Seller is a party, or any
person succeeding to all or substantially all of the business of the Seller,
shall be the successor to the Seller hereunder. In connection with its transfer
of the Mortgage Loans to the Trust as contemplated by the recitals hereto, the
Depositor is expressly authorized to assign its rights and obligations under
this Agreement, in whole or in part, to the Trustee for the benefit of the
registered holders and beneficial owners of the Certificates. To the extent of
any such assignment, the Trustee, for the benefit of the registered holders and
beneficial owners of the Certificates, shall be the Purchaser hereunder.
Notwithstanding any provision of this Agreement to the contrary, the Trustee
shall have no authority or right to assign or transfer its rights and
obligations under this Agreement, in whole or in part, to any other Person
(other than a successor Trustee), regardless of whether such assignment or
transfer is made in connection with the transfer of any Mortgage Loan by the
Trust as contemplated by the terms of the Pooling and Servicing Agreement, or
otherwise; provided, however, that the Trustee, for the benefit of the
registered holders and beneficial owners of the Certificates, is expressly
authorized to assign its rights and obligations under this Agreement with
respect to any Defaulted Mortgage Loan (as defined in Pooling and Servicing
Agreement) to the Majority Controlling Class Certificateholder (as defined in
the Pooling and Servicing Agreement) or its assignee in connection with its or
such assignee's purchase of such Mortgage Loan pursuant to Section 3.18(b) of
the Pooling and Servicing Agreement. Subject to the foregoing, this Agreement
shall bind and inure to the benefit of and be enforceable by the Seller and the
Purchaser, and their respective successors and permitted assigns.

            SECTION 18 Information. The Seller shall, for the purpose of
facilitating the issuance and sale of the Certificates by the Depositor, provide
the Purchaser with such information about the Seller, the Mortgage Loans and the
Seller's underwriting and servicing procedures as is (i) customary in commercial
mortgage loan securitization transactions, (ii) required by a Rating Agency or a
governmental agency or body or (iii) reasonably requested by the Purchaser for
use in a public or private disclosure document.

            SECTION 19 Cross-Collateralized Mortgage Loans. Notwithstanding
anything herein to the contrary, it is hereby acknowledged that certain groups
of Mortgage Loans are, in the case of each such particular group of Mortgage
Loans (each, a "Cross-Collateralized Group"), by their terms, cross-defaulted
and cross-collateralized. Each Cross-Collateralized Group is identified on the
Mortgage Loan Schedule. For purposes of reference, the Mortgaged Property that
relates or corresponds to any of the Mortgage Loans referred to in this Section
19 shall be the property identified in the Mortgage Loan Schedule as
corresponding thereto. The provisions of this Agreement, including, without
limitation, each of the representations and warranties set forth in Exhibit C
hereto and each of the capitalized terms used herein but defined in the Pooling
and Servicing Agreement, shall be interpreted in a manner consistent with this
Section 19. In addition, if there exists with respect to any
Cross-Collateralized Group only one original or certified copy of any document
referred to in the definition of "Mortgage File" in the Pooling and Servicing
Agreement and covering all the Mortgage Loans in such Cross-Collateralized
Group, the inclusion of the original or certified copy of such document in the
Mortgage File for any of the Mortgage Loans constituting a part of such
Cross-Collateralized Group shall be deemed an inclusion of such original or
certified copy in the Mortgage File for each Mortgage Loan included within such
Cross-Collateralized Group.

            SECTION 20 Entire Agreement. Except as otherwise expressly
contemplated hereby, this Agreement constitutes the entire agreement and
understanding of the parties with respect to the matters addressed herein, and
this Agreement supersedes any prior agreements and/or understandings, written or
oral, with respect to such matters.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

            IN WITNESS WHEREOF, the Seller and the Purchaser have caused this
Agreement to be duly executed by their respective officers as of the day and
year first above written.

                                       COLUMN FINANCIAL, INC.

                                       By:/s/ Jeffrey Altabef
                                          --------------------------------------
                                          Name: Jeffrey Altabef
                                          Title: Vice President

                                       CREDIT SUISSE FIRST BOSTON
                                         MORTGAGE SECURITIES CORP.

                                       By:/s/ Jeffrey Altabef
                                          --------------------------------------
                                          Name: Jeffrey Altabef
                                          Title: Vice President

<PAGE>

                       Exhibit A - Mortgage Loan Schedule

              Credit Suisse First Boston Mortgage Securities Corp.

          Commercial Mortgage Pass-Through Certificates, Series 2007-C1
                               Combined Collateral

                                [to be attached]

<PAGE>

CSMC 2007-C1
Exhibit B-1A
March 16, 2007

<TABLE>
<CAPTION>
  #           Property Name
---           ------------------------------------------------------------------
<S>           <C>
  1           Savoy Park
  2           CVI Multifamily Apartment Portfolio
  3           Mansions at Steiner Ranch
  4           Mansions on the Green I
  5           Mansions at Canyon Creek
  6           Mansions on the Green II
  7           City Place
  8           HGA Portfolio
 10           Trident Center
 12           El Ad Florida Multifamily Portfolio
 13           717 North Harwood Street
 14           Conrad Indianapolis
 15           Pinnacle at Tutwiler
 17           20 S Clark
 18           Syracuse Office Portfolio
 20           Wellington Ridge
 21           The Shoreham Hotel
 23           Brentwood Downs
 24           Plymouth Corp. Center
 26           Promenade at Tutwiler Farm
 28           Blockbuster Warehouse
 29           Fairwinds Northpointe
 30           Fairwinds Sand Creek
 31           Marsh Creek Corporate Center
 33           1025 Old Country Road
 36           Memphis International Airport Center
 37           Spectra II - POOL 5
 38           Chandler Heights Marketplace
 44           Sabal Point
 45           Campbell Center
 47           Golden Cove
 50           Archdale Marketplace
 51           North Woods at the Four Seasons
 52           Island Club
 54           Players Club
 57           Olivera Crossing
 58           Lake Worth Gardens
 59           Chase Monroe
 61           Riverbend Apartments
 63           Rambling Oaks
 72           Bella on Broadway
 74           Parkwood II
 75           Cinnamon Ridge Apartments
 76           GHG Portfolio Buckhead
 77           Crescent Oaks Apartments
 78           Forest Estates Apartments
 79           The Fountains
 80           Crowne Plaza Harrisburg
 81           Eastway Crossing
 82           Glendale Thunderbird Plaza
 83           Arrowood Crossing
 84           Radisson Fort Worth
 86           Hampton Inn Riverplace
 88           700 Longwater Drive
 89           Loudoun Tech Center I
 91           Hilton Garden Inn Layton
 92           Springhill Suites Mooresville
 93           North Leg Plaza
 94           Southgate Shopping Center
 95           Westgate Shopping Center
 96           The Shoppes at Twin Oaks
 98           Land of Lincoln Building
 99           Airport Industrial
100           Slater Office Building
102           Holiday Inn Express Hotel & Suites Woodway
106           Shades Creek Office Building
108           Odyssey North
109           Central Park Shopping Center
110           Holiday Inn Express Kennesaw
111           Woodmark at Steel Lake
113           Oakview Apts & Ballard Plaza Combined
116           Greentree Apartments
117           National Parkway
118           Woodlands of Plano Apartments
119           Scriber Gardens
120           Avenue Shoppes
121           El Toreador
123           Twin Oaks Industrial Center
124           Scott Village Shopping Center
125           Sherwood Apartments
127           Morgan Estates
128           4550 Lena Drive
129           Timmaron Apartments
132           Holiday Inn Express Bessemer
133           500 North Pulaski
134           Spectrum Plaza Shopping Center
135           EPS Building
138           Hampton Inn Janesville
139           Waddell Plaza
140           College Park Plaza
142           Carrollwood Oaks SC
143           La Mirage Retail
145           1025 Ocean Ave Apartments
146           Radio Drive Professional Building
147           Secured Self Storage
148           Miramar Center
149           Oak Ridge Center
150           801 Tilton Road
151           Denison Park Apartments
152           Plantation Warehouse
154           Benton Park Shopping Center
156           Whispering Timbers
157           Ryan Place Apartments
158           Palm Gardens
159           Range Vista
160           Best Western Villa Del Lago Inn
161           Florence Plaza
162           CVS--Naples FL
163           Best Western Hotel & Suites Sebastian
165           White House Shops
166           Lancaster K-8 Avenue Industrial
169           Westminster Park Building
170           Pierce Community Bank Building
171           Franklin Apartments
172           Vernon Apartments
173           Amberley House
174           Plantation Plaza
177           Federal Express Bakersfield
178           San Dimas Retail
179           I-Loft
180           37th Street
181           Harvest Plaza Phase II
182           The Dale Building
184           Encino Shoppes, LLC
185           Quail Northwest
186           Lakewood Country Club Center
187           McMinnville Town Center
189           90 Good Drive
190           Madison Boulevard Service Center
191           Hampton Inn Wilkesboro
193           Wick Lane Shopping Center
194           Wake Forest Eatery
195           80 Windward Ave
196           Palm Harbor Professional Center
197           Centre Green Square at Whitehall
198           Arbors Apartments
199           Trinity Oaks
201           A&B Self Storage
202           4000 Aerial Center
203           Summerfield Village
205           Lakeview Self Storage
208           CVS New Port Richey
210           Deer Valley Industrial
211           Worthington Apartments
213           Sleep Inn Phoenix
214           Town & Country Apartments
215           Cades Center
216           Harbour Bend Office
217           820 Sunland Park
218           Windward Plaza
219           Springwood Apts SC
220           Tabernacle Towers
221           U Store
222           GHG Perimeter Center
223           North Fork Crossing
224           7th & Orange Avenue
225           Palisades Retail
226           Custer Place
227           Saddle Rock Village Center
228           Twin Pines Apartments
229           2110 South Lamar Shopping Center
231           Rufe Snow Plaza
232           North Highland Shopping Center
233           Raceway Plaza
236           Security Storage Tuscaloosa
237           Meridian Retail
238           Las Haciendas Apartments
239           10703 J Street
240           Stewart Place
241           Harrington Woods MHP
242           48-19 Vernon Boulevard
243           Sagemont Plaza
244           Worthington Professional Building
245           South Shore Center
246           1021 National Road
248           Westside Market Place
249           Sienna Gardens Office
250           Cedar Park Crossing
251           Market Place Shopping Center

<CAPTION>
  #   Address
---   ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>
  1   45 West 139th Street
  2   Various
  3   4500 Steiner Ranch Boulevard
  4   7711 O'Connor Drive
  5   9009 North FM 620
  6   7720 O'Connor Drive
  7   700 South Rosemary Avenue
  8   Various
 10   11355-11377 Olympic Boulevard
 12   Various
 13   717 North Harwood Street
 14   50 West Washington Street
 15   5006-5078 Tutwiler Farms Road
 17   20 South Clark Street
 18   Various
 20   3789 Lawrenceville Highway
 21   33 West 55th Street
 23   500 Pleasant Hill Road
 24   625 West Ridge Pike
 26   1600-1654 Gadsden Highway
 28   3000 Redbud Boulevard
 29   520 East Holland Avenue
 30   3310 Valencia Drive
 31   1,15,35,55,75 East Uwchlan Avenue and 91 Sheree Boulevard
 33   1025 Old Country Road
 36   3500 & 3560 Air Center Cove, 3300 Jet Cove, 3474,3510,3570 & 3644 Winchester Road, 3422 Prescott Boulevard and 3677 Miac Drive
 37   Various
 38   4850-4990 South Gilbert Road
 44   12512 Sabal Point Drive
 45   2955 Keith Street Northwest
 47   31098, 31100-31250 Hawthorne Boulevard
 50   5801 - 6025 South Boulevard
 51   64 Four Seasons Road
 52   7938 Island Club Drive
 54   1100 Players Court
 57   3375 Port Chicago Highway
 58   3927 Hadjes Drive
 59   2163 Commerce Drive
 61   100 Riverbend Drive
 63   Various
 72   436 Broadway
 74   10055 Grogan's Mill Road
 75   6565 Spencer Highway
 76   Various
 77   6718 De Moss Drive
 78   9655 Chimney Hill Lane
 79   Various
 80   23 South 2nd Street
 81   3704-3122 Eastway Drive
 82   Northeast Corner of Thunderbird Road and 59th Avenue
 83   2109 Arrowcreek Drive
 84   2540 Meachum Boulevard
 86   171 Riverplace
 88   700 Longwater Drive
 89   21251 Ridgetop Circle
 91   762 Heritage Park Boulevard
 92   121 Gateway Boulevard
 93   3246 Wrightsboro Road
 94   317 South Slappey Boulevard
 95   125 North Virginia Avenue
 96   3601, 3626, 3641 Cox Road
 98   325 West Adams Street
 99   2563 Airport Industrial Drive
100   10101 Slater Avenue
102   6808 Woodway Drive
106   820 Shades Creek Parkway
108   731 South Pear Orchard Road
109   1754 Central Park and 5135 Times Square Plaza
110   2485 George Busbee Parkway
111   31200 23rd Avenue South
113   Various
116   6200 Airport Boulevard
117   1026-1100 National Parkway
118   1370 Rigsbee Road
119   6024 200th Street Southwest
120   8204 Crystal Clear Lane
121   601-637 East San Ysidro Boulevard
123   800-810 Twin Oaks Valley Road
124   1745 Church Street
125   3030 Northeast 143rd Street
127   4588 Morgan View Road
128   4550 Lena Drive
129   9850 Whitehurst Drive
132   5001 Academy Lane
133   500 North Pulaski Road
134   23221 Aldine Westfield Road
135   1457 Scott Boulevard
138   2400 Fulton Street
139   6290 University Drive
140   3269 West 86th Street
142   11111 North Dale Mabry Highway
143   29563 Northwestern Highway
145   1025 Ocean Avenue
146   1000 Radio Drive
147   24789 US Highway 27
148   6590-6598 Miramar Road
149   333 Main Street
150   801 Tilton Road
151   2235-2317 Forestdale Avenue and 3783-3785 West 22nd Street
152   1400 Northwest 65th Avenue
154   2505-2611 South H Street
156   6325 Garden Road
157   179-320 Dale Drive and 1632-1638 Main Street
158   1803 Park Center Drive
159   8300 North Alcott Street
160   2959 Speno Drive
161   1910 West Evans Street
162   4890 Tamiami Trail East
163   1655 U.S. Highway 1
165   520 State Route 76
166   229-249 East Avenue K-8
169   38-68 Amaral Street
170   405-413 29th Street Northeast
171   809 and 911 South Franklin Avenue
172   302 West Vernon Avenue
173   3501 Section Road
174   4331-4347 Gunn Highway
177   3105 Gateway Avenue
178   702-762 West Arrow Highway
179   5310 South Alston Avenue
180   331-347 37th Street
181   8800 Harvest Oaks Drive
182   1504 Santa Rosa Road
184   17301 Ventura Boulevard
185   6148, 6152 and 6170 Mae Anne Avenue
186   3215-3225 Carson Street
187   1421 - 1691 Northeast Highway 99 West
189   90 Good Drive
190   8075 and 8097 Madison Boulevard
191   1300 Collegiate Drive
193   12426 Memorial Drive
194   2101 South Main Street
195   80 Winward Avenue
196   35111 US Highway 19 North
197   3607 Whitehall Park Drive
198   1533 Arbors Lane
199   9945 Trinity Boulevard
201   816 Highway 231
202   4000-4020 Aerial Center Parkway
203   4446 US Highway 220
205   612 32nd Street South
208   5432 US Highway 19 North
210   23005 North 15th Avenue
211   100-200 Laura Lane
213   18235 North 27th Avenue
214   2111 Thompson Road
215   1401 West Reelfoot Avenue
216   2917 West SR 434
217   820 Sunland Park Drive
218   5315 Windward Parkway
219   410 Sulphur Springs Road
220   249 East Tabernacle Street
221   6100 Leon Circle
222   6280 Peachtree Dunwoody Road
223   2555-2567 North Road
224   1150-1164 East 7th Street
225   15244-15248 West Sunset Boulevard
226   2024 West 15th Street
227   22880 East Smoky Hill Road
228   12411 8th Avenue
229   2110 South Lamar Boulevard
231   5600 Rufe Snow Drive
232   200 North Highland Avenue
233   10665-10667 East US Highway 36
236   4150 Walton Avenue
237   1217 South Frontage Road
238   515 North O'Connor
239   10703 J Street
240   831-841 South Range Line Road
241   April Lane at Dawns Way
242   48-19 Vernon Boulevard
243   11504 Hughes Road
244   748-750 Old Main Street
245   3020 Marina Bay Drive
246   1021 National Road
248   1925 North Street/Highway 33
249   10799 West Twain Avenue
250   1625 North Bell Boulevard
251   7536 Woodrow Street

<CAPTION>
                                          Zip       Mortgage       Original          Cut-off           Remaining
  #   City                      State     Code      Rate (%)       Balance ($)       Balance ($)       Term
---   -----------------------   -------   -------   -----------    ---------------   ---------------   ---------
<S>   <C>                       <C>       <C>       <C>            <C>               <C>               <C>
  1   New York                  NY          10037         6.135%   $210,000,000.00   $210,000,000.00          82
  2   Various                   Various   Various   6.098686511%   $179,784,800.00   $179,784,800.00          56
  3   Austin                    TX          78732         5.770%    $61,727,334.00    $61,727,334.00         118
  4   Round Rock                TX          78681         5.770%    $37,226,506.00    $37,226,506.00         118
  5   Austin                    TX          78726         5.770%    $35,376,585.00    $35,376,585.00         118
  6   Round Rock                TX          78681         5.770%    $25,669,575.00    $25,669,575.00         118
  7   West Palm Beach           FL          33401         6.270%   $150,000,000.00   $150,000,000.00         115
  8   Various                   Various   Various         5.085%   $123,300,000.00   $123,300,000.00         116
 10   Los Angeles               CA          90064         5.299%   $101,850,000.00   $101,850,000.00         119
 12   Various                   FL        Various         5.650%    $79,200,000.00    $79,200,000.00         118
 13   Dallas                    TX          75201         6.316%    $64,000,000.00    $64,000,000.00          52
 14   Indianapolis              IN          46204         5.800%    $55,000,000.00    $55,000,000.00         117
 15   Trussville                AL          35173         5.642%    $48,515,172.00    $48,515,172.00         117
 17   Chicago                   IL          60603         5.510%    $40,500,000.00    $40,500,000.00         119
 18   Syracuse                  NY        Various         5.710%    $38,800,000.00    $38,800,000.00         119
 20   Lawrenceville             GA          30044         5.655%    $36,000,000.00    $36,000,000.00         118
 21   New York                  NY          10019         6.090%    $35,000,000.00    $35,000,000.00         116
 23   Lilburn                   GA          30047         5.655%    $33,200,000.00    $33,200,000.00         118
 24   Conshohocken              PA          19428         5.760%    $31,692,500.00    $31,692,500.00         119
 26   Trussville                AL          35173         5.642%    $30,084,828.00    $30,084,828.00         117
 28   McKinney                  TX          75069         5.690%    $30,000,000.00    $29,870,980.96         118
 29   Spokane                   WA          99218         5.810%    $16,400,000.00    $16,400,000.00         117
 30   Idaho Falls               ID          83404         5.810%    $12,700,000.00    $12,700,000.00         117
 31   Exton                     PA          19341         5.650%    $28,400,000.00    $28,400,000.00         119
 33   Westbury                  NY          11590         5.630%    $27,000,000.00    $27,000,000.00         118
 36   Memphis                   TN          38109         6.220%    $24,900,000.00    $24,900,000.00          58
 37   Various                   Various   Various         5.650%    $24,140,000.00    $24,140,000.00         118
 38   Chandler                  AZ          85249         5.460%    $23,446,000.00    $23,446,000.00         118
 44   Pineville                 NC          28134         5.655%    $19,480,000.00    $19,480,000.00         118
 45   Cleveland                 TN          37312         6.280%    $19,000,000.00    $18,894,211.16         116
 47   Rancho Palos Verdes       CA          90275         5.685%    $16,500,000.00    $16,500,000.00         118
 50   Charlotte                 NC          28217         5.650%    $14,600,000.00    $14,600,000.00         117
 51   Charlottesville           VA          22901         5.940%    $14,500,000.00    $14,500,000.00         117
 52   Indianapolis              IN          46214         5.655%    $14,360,000.00    $14,360,000.00         118
 54   Nashville                 TN          37211         5.655%    $13,800,000.00    $13,800,000.00         118
 57   Concord                   CA          94520         5.540%    $13,500,000.00    $13,500,000.00         117
 58   Lake Worth                FL          33467         6.680%    $13,545,000.00    $13,440,623.91         114
 59   Monroe                    NC          28110         5.655%    $13,400,000.00    $13,400,000.00         118
 61   West Columbia             SC          29169         6.450%    $13,400,000.00    $13,307,744.61         112
 63   Various                   OK        Various         6.700%    $12,900,000.00    $12,900,000.00         119
 72   Tacoma                    WA          98402         5.950%    $11,700,000.00    $11,674,502.28         118
 74   The Woodlands             TX          77380         5.640%    $11,487,000.00    $11,487,000.00         118
 75   Pasadena                  TX          77505         5.700%    $11,300,000.00    $11,300,000.00         118
 76   Atlanta                   GA          30324         6.060%    $11,280,000.00    $11,280,000.00         116
 77   Houston                   TX          77074         5.760%    $11,175,000.00    $11,175,000.00         117
 78   Dallas                    TX          75243         6.020%    $11,170,000.00    $11,170,000.00          99
 79   Various                   IL        Various         6.750%    $11,000,000.00    $11,000,000.00         117
 80   Harrisburg                PA          17101         6.060%    $10,200,000.00    $10,169,055.66         118
 81   Charlotte                 NC          28205         6.100%     $9,900,000.00     $9,900,000.00         119
 82   Glendale                  AZ          85306         5.650%     $9,763,500.00     $9,763,500.00         118
 83   Charlotte                 NC          28273         5.655%     $9,720,000.00     $9,720,000.00         118
 84   Fort Worth                TX          76106         5.820%     $9,575,000.00     $9,545,288.25         119
 86   Greenville                SC          29601         6.170%     $9,300,000.00     $9,280,448.35         115
 88   Norwell                   MA          02061         6.050%     $8,650,000.00     $8,650,000.00         117
 89   Sterling                  VA          20166         5.550%     $8,500,000.00     $8,500,000.00         120
 91   Layton                    UT          84041         5.880%     $8,315,000.00     $8,296,670.48         118
 92   Mooresville               NC          28117         5.930%     $8,300,000.00     $8,274,370.08         118
 93   Augusta                   GA          30909         6.420%     $4,460,000.00     $4,435,925.42         114
 94   Albany                    GA          31701         6.420%     $3,200,000.00     $3,182,726.76         114
 95   Tifton                    GA          31794         6.420%       $620,000.00       $616,653.30         114
 96   Richmond                  VA          23233         5.650%     $8,200,000.00     $8,200,000.00         118
 98   Springfield               IL          62704         6.000%     $8,000,000.00     $7,976,011.57         117
 99   Ball Ground               GA          30107         6.150%     $8,000,000.00     $7,968,832.56          80
100   Fountain Valley           CA          92708         5.870%     $7,908,000.00     $7,908,000.00         119
102   Waco                      TX          76712         5.900%     $7,700,000.00     $7,676,125.56         118
106   Birmingham                AL          35209         5.650%     $7,400,000.00     $7,400,000.00         117
108   Ridgeland                 MS          39157         5.580%     $7,150,000.00     $7,150,000.00         119
109   Okemos                    MI          48864         5.850%     $6,975,000.00     $6,975,000.00         118
110   Kennesaw                  GA          30144         5.960%     $7,000,000.00     $6,965,741.68         115
111   Federal Way               WA          98003         6.620%     $7,000,000.00     $6,954,962.35         115
113   Huxley                    IA          50124         6.010%     $6,800,000.00     $6,800,000.00         116
116   Mobile                    AL          36608         5.990%     $6,500,000.00     $6,500,000.00          54
117   Schaumburg                IL          60173         5.810%     $6,400,000.00     $6,400,000.00         108
118   Plano                     TX          75074         5.970%     $6,250,000.00     $6,250,000.00          56
119   Lynnwood                  WA          98036         6.040%     $6,200,000.00     $6,200,000.00         116
120   Orlando                   FL          32809         5.850%     $6,120,000.00     $6,120,000.00         115
121   San Ysidro                CA          92173         5.550%     $6,100,000.00     $6,100,000.00         117
123   San Marcos                CA          92069         5.800%     $6,050,000.00     $6,050,000.00         118
124   Decatur                   GA          30033         6.500%     $5,925,000.00     $5,889,107.39         113
125   Seattle                   WA          98125         5.580%     $5,750,000.00     $5,750,000.00         118
127   Geneseo                   NY          14454         6.850%     $5,750,000.00     $5,734,336.34         118
128   Mechanicsburg             PA          17055         5.580%     $5,720,000.00     $5,706,756.04         119
129   Dallas                    TX          75243         6.413%     $5,565,125.00     $5,565,125.00         115
132   Bessemer                  AL          35022         6.300%     $5,200,000.00     $5,164,750.34         115
133   Chicago                   IL          60624         6.320%     $5,100,000.00     $5,100,000.00         114
134   Spring                    TX          77373         5.790%     $5,100,000.00     $5,100,000.00         118
135   Decatur                   GA          30030         5.900%     $5,100,000.00     $5,100,000.00         118
138   Janesville                WI          53546         6.250%     $5,000,000.00     $4,972,031.86         116
139   Huntsville                AL          35806         5.780%     $4,920,000.00     $4,920,000.00         118
140   Indianapolis              IN          46268         5.880%     $4,900,000.00     $4,900,000.00         119
142   Tampa                     FL          33618         5.820%     $4,629,000.00     $4,629,000.00         119
143   Southfield                MI          48034         6.070%     $4,600,000.00     $4,600,000.00         116
145   Santa Monica              CA          90403         5.630%     $4,535,000.00     $4,535,000.00         118
146   Woodbury                  MN          55125         5.760%     $4,425,000.00     $4,425,000.00         117
147   Lake Wales                FL          33859         6.020%     $4,400,000.00     $4,390,520.24         118
148   San Diego                 CA          92121         5.620%     $4,350,000.00     $4,350,000.00         119
149   Oak Ridge                 TN          37830         5.934%     $4,320,000.00     $4,320,000.00         117
150   Northfield                NJ          08225         5.990%     $4,300,000.00     $4,290,690.15         118
151   Cleveland                 OH          44109         5.850%     $4,200,000.00     $4,200,000.00         117
152   Plantation                FL          33313         6.030%     $4,200,000.00     $4,200,000.00         119
154   Bakersfield               CA          93304         6.020%     $4,200,000.00     $4,190,951.15         118
156   Maumee                    OH          43537         6.090%     $4,160,000.00     $4,147,738.81         117
157   Kent                      OH          44240         6.000%     $4,050,000.00     $4,050,000.00         113
158   Orlando                   FL          32835         5.910%     $4,041,000.00     $4,041,000.00         115
159   Westminster               CO          80031         5.750%     $4,000,000.00     $4,000,000.00         118
160   Patterson                 CA          95363         6.293%     $4,000,000.00     $3,994,837.31         119
161   Florence                  SC          29501         6.200%     $4,000,000.00     $3,991,631.77         117
162   Naples                    FL          34112         5.800%     $4,000,000.00     $3,991,066.23         119
163   Sebastian                 FL          32958         6.050%     $4,000,000.00     $3,987,848.42         118
165   White House               TN          37188         5.800%     $4,000,000.00     $3,987,540.61         117
166   Lancaster                 CA          93535         5.990%     $3,950,000.00     $3,950,000.00         117
169   East Providence           RI          02915         5.920%     $3,700,000.00     $3,691,896.96         118
170   Puyallup                  WA          98372         5.900%     $3,600,000.00     $3,600,000.00         119
171   Normal                    IL          61761         5.770%     $1,529,000.00     $1,529,000.00         117
172   Normal                    IL          61761         5.770%     $2,056,900.00     $2,056,900.00         117
173   Cincinnati                OH          45237         5.780%     $3,500,000.00     $3,500,000.00         119
174   Tampa                     FL          33618         5.960%     $3,500,000.00     $3,492,384.95         118
177   Bakersfield               CA          93307         6.265%     $3,338,000.00     $3,331,090.38         118
178   San Dimas                 CA          91773         5.870%     $3,300,000.00     $3,300,000.00         118
179   Durham                    NC          27713         5.630%     $3,250,000.00     $3,250,000.00         118
180   Brooklyn                  NY          11232         6.650%     $3,250,000.00     $3,243,681.11         118
181   Raleigh                   NC          27615         5.870%     $3,200,000.00     $3,200,000.00         119
182   Richmond                  VA          23229         6.180%     $3,200,000.00     $3,200,000.00         113
184   Encino                    CA          91316         5.880%     $3,125,000.00     $3,118,111.28         118
185   Reno                      NV          89523         5.680%     $3,100,000.00     $3,100,000.00         119
186   Lakewood                  CA          90712         6.165%     $3,100,000.00     $3,087,957.22         115
187   McMinnville               OR          97128         6.050%     $3,050,000.00     $3,040,941.36         117
189   East Hempfield Township   PA          17603         5.950%     $3,000,000.00     $2,993,462.13         118
190   Madison                   AL          35758         5.790%     $3,000,000.00     $2,990,637.73         117
191   Wilkesboro                NC          28697         5.730%     $3,000,000.00     $2,978,367.21         118
193   Houston                   TX          77024         5.950%     $2,900,000.00     $2,891,220.87         117
194   Wake Forest               NC          27587         5.750%     $2,800,000.00     $2,796,182.18         119
195   Venice                    CA          90291         5.850%     $2,700,000.00     $2,700,000.00         117
196   Palm Harbor               FL          34684         5.830%     $2,700,000.00     $2,700,000.00         118
197   Charlotte                 NC          28273         5.950%     $2,700,000.00     $2,696,393.83         119
198   Bloomington               IN          47401         5.630%     $2,700,000.00     $2,691,315.21         117
199   Trinity                   FL          34655         6.020%     $2,650,000.00     $2,650,000.00         119
201   Troy                      AL          36081         5.870%     $2,550,000.00     $2,542,061.19         119
202   Cary                      NC          27560         5.790%     $2,500,000.00     $2,500,000.00         119
203   Summerfield               NC          27358         5.850%     $2,500,000.00     $2,500,000.00         118
205   Birmingham                AL          35233         6.250%     $2,480,000.00     $2,468,558.52         115
208   New Port Richey           FL          34652         5.720%     $2,440,000.00     $2,434,478.55         119
210   Phoenix                   AZ          85027         5.670%     $2,400,000.00     $2,392,338.21         117
211   Rocky Hill                CT          06067         5.870%     $2,320,000.00     $2,314,877.44         118
213   Phoenix                   AZ          85053         6.024%     $2,200,000.00     $2,193,292.93         119
214   Richmond                  TX          77469         6.400%     $2,200,000.00     $2,191,830.84          57
215   Union City                TN          38261         6.000%     $2,100,000.00     $2,097,209.44         119
216   Longwood                  FL          32779         5.950%     $2,100,000.00     $2,095,423.50         118
217   El Paso                   TX          79912         5.790%     $2,000,000.00     $2,000,000.00         118
218   Alpharetta                GA          30004         5.880%     $2,000,000.00     $2,000,000.00         118
219   Greenville                SC          29617         5.900%     $2,000,000.00     $1,997,315.05         119
220   St. George                UT          84770         6.670%     $1,934,000.00     $1,922,703.94         113
221   Little Rock               AR          72209         5.830%     $1,920,000.00     $1,915,732.78         118
222   Atlanta                   GA          30328         6.160%     $1,900,000.00     $1,892,611.87         116
223   Orangeburg                SC          29118         6.330%     $1,880,000.00     $1,880,000.00         116
224   Long Beach                CA          90813         5.960%     $1,825,000.00     $1,821,029.29         118
225   Pacific Palisades         CA          90272         5.790%     $1,825,000.00     $1,820,917.30         118
226   Plano                     TX          75075         5.700%     $1,742,000.00     $1,742,000.00         119
227   Aurora                    CO          80016         5.880%     $1,700,000.00     $1,694,784.57         117
228   Spokane                   WA          99216         5.880%     $1,615,000.00     $1,615,000.00         118
229   Austin                    TX          78704         6.400%     $1,600,000.00     $1,590,099.00         113
231   North Richland Hills      TX          76180         5.815%     $1,550,000.00     $1,546,546.66         119
232   Baltimore                 MD          21224         6.110%     $1,500,000.00     $1,493,587.90         117
233   Avon                      IN          46123         6.050%     $1,472,000.00     $1,472,000.00         118
236   Tuscaloosa                AL          35405         6.250%     $1,400,000.00     $1,395,998.46         117
237   Meridian                  MS          39301         5.890%     $1,395,000.00     $1,395,000.00         117
238   Irving                    TX          75061         6.180%     $1,400,000.00     $1,394,576.94         116
239   Omaha                     NE          68127         6.500%     $1,300,000.00     $1,300,000.00         113
240   Carmel                    IN          46032         6.010%     $1,295,000.00     $1,291,044.44         118
241   Acworth                   GA          30102         5.840%     $1,270,000.00     $1,266,074.07         117
242   Long Island City          NY          11101         6.520%     $1,225,000.00     $1,222,567.44         118
243   Houston                   TX          77089         6.450%     $1,220,000.00     $1,215,513.33          56
244   Rocky Hill                CT          06067         5.970%     $1,180,000.00     $1,177,436.84         118
245   League City               TX          77573         5.770%     $1,150,000.00     $1,150,000.00         118
246   Wheeling                  WV          26003         6.330%     $1,117,000.00     $1,117,000.00         115
248   Newman                    CA          95360         5.800%     $1,050,000.00     $1,048,575.76         119
249   Las Vegas                 NV          89135         6.080%     $1,000,000.00       $997,046.94         118
250   Cedar Park                TX          78613         6.000%     $1,000,000.00       $995,990.91         116
251   Irmo                      SC          29063         6.390%       $600,000.00       $599,232.89         119

<CAPTION>
                                Original
      Maturity                  Amort.          Remaining       Monthly         Units/
  #   Date         ARD Date     Term            Amortization    Payment ($)     Rooms     Square Ft.
---   ----------   ----------   -------------   -------------   -------------   -------   ----------
<S>   <C>          <C>          <C>             <C>             <C>             <C>       <C>
  1   1/11/2014    N/A          Interest Only   Interest Only   $1,088,616.72     1,959        2,005
  2   11/11/2011   N/A          Interest Only   Interest Only     $926,399.69   Various      Various
  3   1/11/2017    N/A          Interest Only   Interest Only     $300,927.90     2,001          N/A
  4   1/11/2017    N/A          Interest Only   Interest Only     $181,483.53     2,000          N/A
  5   1/11/2017    N/A          Interest Only   Interest Only     $172,464.95     2,001          N/A
  6   1/11/2017    N/A          Interest Only   Interest Only     $125,142.15     2,001          N/A
  7   10/11/2016   N/A          Interest Only   Interest Only     $794,635.42     2,000          N/A
  8   11/11/2016   N/A          Interest Only   Interest Only     $529,740.47   Various      Various
 10   2/11/2017    N/A          Interest Only   Interest Only     $456,025.01     1,983        2,006
 12   1/11/2017    N/A          Interest Only   Interest Only     $378,079.17   Various          N/A
 13   7/11/2011    N/A          Interest Only   Interest Only     $341,509.04     1,980        2,005
 14   12/11/2016   N/A                    360             360     $322,714.17     2,006          N/A
 15   12/11/2016   N/A          Interest Only   Interest Only     $231,270.25     2,006          N/A
 17   2/11/2017    N/A          Interest Only   Interest Only     $188,545.31     1,970        2,006
 18   2/11/2017    N/A          Interest Only   Interest Only     $187,187.55   Various        2,001
 20   1/11/2017    N/A          Interest Only   Interest Only     $172,006.25     1,996          N/A
 21   11/11/2016   N/A                    360             360     $211,872.15     1,913        2,005
 23   1/11/2017    N/A          Interest Only   Interest Only     $158,627.99     1,998        2,006
 24   2/11/2017    N/A                    360             360     $185,150.21     1,984        2,006
 26   12/11/2016   N/A          Interest Only   Interest Only     $143,413.40     2,001          N/A
 28   1/11/2017    N/A                    252             250     $204,261.96     1,997          N/A
 29   12/11/2016   N/A                    360             360      $96,331.96     2,000          N/A
 30   12/11/2016   N/A                    360             360      $74,598.53     2,000          N/A
 31   2/11/2017    N/A                    360             360     $163,934.96     1,984        2,002
 33   1/11/2017    N/A                    360             360     $155,512.47     1,966        2,006
 36   1/11/2012    N/A          Interest Only   Interest Only     $130,857.57     1,988        2,000
 37   1/11/2017    N/A                    360             360     $139,344.72   Various          N/A
 38   1/11/2017    N/A          Interest Only   Interest Only     $108,160.96     2,006          N/A
 44   1/11/2017    N/A          Interest Only   Interest Only      $93,074.49     1,987        2,005
 45   11/11/2016   N/A                    300             296     $125,689.75     1,974        1,997
 47   1/11/2017    N/A                    360             360      $95,609.29     1,966        2,003
 50   12/11/2016   N/A                    360             360      $84,276.43     1,961        2,005
 51   12/11/2016   N/A          Interest Only   Interest Only      $72,771.88     1,969        2,001
 52   1/11/2017    N/A          Interest Only   Interest Only      $68,611.38     1,990        2,005
 54   1/11/2017    N/A          Interest Only   Interest Only      $65,935.73     1,987        2,005
 57   12/11/2016   N/A                    360             360      $76,990.66     1,960        2,005
 58   9/11/2016    N/A                    300             294      $92,986.11     1,984        2,004
 59   1/11/2017    N/A          Interest Only   Interest Only      $64,024.55     1,988        2,006
 61   7/11/2016    N/A                    360             352      $84,256.97     1,968        1,996
 63   2/11/2017    N/A                    360             360      $83,240.86   Various          N/A
 72   1/11/2017    N/A                    360             358      $69,771.75     2,006          N/A
 74   1/11/2017    N/A                    360             360      $66,234.48     1,994          N/A
 75   1/11/2017    N/A                    360             360      $65,585.25     1,979          N/A
 76   11/11/2016   N/A                    360             360      $68,065.04   Various          N/A
 77   12/11/2016   N/A                    360             360      $65,285.27     1,971          N/A
 78   6/11/2015    N/A                    360             360      $67,113.49     1,979        2,004
 79   12/11/2016   N/A                    360             360      $71,345.79   Various          N/A
 80   1/11/2017    N/A                    300             298      $66,093.35     1,964        2,001
 81   2/11/2017    N/A                    360             360      $59,993.48     1,961        2,006
 82   1/11/2017    N/A          Interest Only   Interest Only      $46,608.28     1,999          N/A
 83   1/11/2017    N/A          Interest Only   Interest Only      $46,441.69     1,988        2,006
 84   2/11/2017    N/A                    360             357      $56,303.61     1,985        2,006
 86   10/11/2016   N/A                    360             358      $56,778.69     2,006          N/A
 88   12/11/2016   N/A                    360             360      $52,139.51     1,985        1,997
 89   3/11/2017    N/A                    360             360      $48,529.05     2,001          N/A
 91   1/11/2017    N/A                    360             358      $49,212.94     2,004          N/A
 92   1/11/2017    N/A                    300             298      $53,122.42     2,006          N/A
 93   9/11/2016    N/A                    360             354      $27,955.99     1,987        1,997
 94   9/11/2016    N/A                    360             354      $20,058.11     1,968        2,004
 95   9/11/2016    N/A                    360             354       $3,886.26     1,980          N/A
 96   1/11/2017    N/A                    360             360      $47,333.33     2,006          N/A
 98   12/11/2016   N/A                    360             357      $47,964.04     1,962        2,002
 99   11/11/2013   N/A                    360             356      $48,738.25     1,993        1,998
100   2/11/2017    N/A                    360             360      $46,753.54     1,980        2,005
102   1/11/2017    N/A                    300             298      $49,141.59     2,003          N/A
106   12/11/2016   N/A                    360             360      $42,715.45     1,973        1,993
108   2/11/2017    N/A                    360             360      $40,956.52     1,986        2,003
109   1/11/2017    N/A                    360             360      $41,148.38     1,999        2,005
110   10/11/2016   N/A                    360             355      $41,788.69     1,989        2,004
111   10/11/2016   N/A                    300             295      $47,790.73     1,997        2,004
113   11/11/2016   N/A                    360             360      $40,813.16     1,975          N/A
116   9/11/2011    N/A                    360             360      $38,929.00     1,973        2,003
117   3/11/2016    N/A                    360             360      $37,592.96     1,975        2,002
118   11/11/2011   N/A          Interest Only   Interest Only      $31,525.61     1,966        2,004
119   11/11/2016   N/A                    360             360      $37,331.73     1,975        2,003
120   10/11/2016   N/A                    360             360      $36,104.39     1,988          N/A
121   12/11/2016   N/A          Interest Only   Interest Only      $28,604.34     1,953        1,996
123   1/11/2017    N/A                    360             360      $35,498.56     2,004          N/A
124   8/11/2016    N/A                    360             353      $37,450.03     1,978        2,005
125   1/11/2017    N/A          Interest Only   Interest Only      $27,108.85     1,960        1,998
127   1/11/2017    N/A                    300             298      $40,091.25     2,001          N/A
128   2/11/2017    N/A                    360             358      $32,765.22     2,000          N/A
129   10/11/2016   N/A                    360             360      $34,857.57     1,978        1,996
132   10/11/2016   N/A                    300             295      $34,463.70     2,002          N/A
133   9/11/2016    N/A                    360             360      $31,634.13     1,951        2,004
134   1/11/2017    N/A                    360             360      $29,891.93     1,986          N/A
135   1/11/2037    1/11/2017              360             360      $30,249.96     2,006          N/A
138   11/11/2016   N/A                    300             296      $32,983.47     1,992        2,004
139   1/11/2017    N/A                    360             360      $28,805.62     2,005          N/A
140   2/11/2017    N/A                    360             360      $29,001.01     1,992        2,004
142   2/11/2017    N/A                    360             360      $27,219.78     1,984        2,005
143   11/11/2016   N/A                    360             360      $27,786.68     1,979        2,006
145   1/11/2017    N/A          Interest Only   Interest Only      $21,572.22     1,961        2,003
146   12/11/2016   N/A                    360             360      $25,851.22     2,001          N/A
147   1/11/2017    N/A                    360             358      $26,436.83     1,992        2,005
148   2/11/2017    N/A                    360             360      $25,027.32     1,991          N/A
149   12/11/2016   N/A                    360             360      $25,717.56     1,962        2,005
150   1/11/2017    N/A                    360             358      $25,753.03     1,980        1,999
151   12/11/2036   12/11/2016             360             360      $24,777.52     1,963        1,998
152   2/11/2017    N/A                    360             360      $25,262.19     1,973          N/A
154   1/11/2017    N/A                    360             358      $25,235.15     1,967        2,006
156   12/11/2016   N/A                    360             357      $25,182.52     1,971        2,005
157   8/11/2016    N/A                    360             360      $24,281.80     1,965        2,006
158   10/11/2016   N/A                    360             360      $23,994.51     1,990        2,002
159   1/11/2017    N/A                    360             360      $23,342.91     1,989        2,005
160   2/11/2017    N/A                    360             359      $24,739.36     2,000          N/A
161   12/11/2016   N/A                    360             358      $24,498.76     1,973        2,006
162   2/11/2037    2/11/2017              360             358      $23,470.12     2,004          N/A
163   1/11/2017    N/A                    300             298      $25,894.45     2,005          N/A
165   12/11/2016   N/A                    360             357      $23,470.12     2,003          N/A
166   12/11/2016   N/A                    360             360      $23,656.86     2,005          N/A
169   1/11/2017    N/A                    360             358      $21,993.42     1,984        2,001
170   2/11/2017    N/A                    360             360      $21,352.91     2,006          N/A
171   12/11/2016   N/A                    360             360       $8,942.26     1,987        2,006
172   12/11/2016   N/A                    360             360      $12,029.66     2,004          N/A
173   2/11/2017    N/A                    360             360      $20,491.80     1,966        2,006
174   1/11/2017    N/A                    360             358      $20,894.34     1,980        2,006
177   1/11/2017    N/A                    360             358      $20,585.22     2,006          N/A
178   1/11/2017    N/A                    360             360      $19,510.20     1,988        2,002
179   1/11/2017    N/A                    360             360      $18,719.09     2,002          N/A
180   1/11/2017    N/A                    360             358      $20,863.86     2,003          N/A
181   2/11/2017    N/A                    360             360      $18,918.98     1,997          N/A
182   8/11/2016    N/A                    360             360      $19,557.50     1,979        2,005
184   1/11/2017    N/A                    360             358      $18,495.54     2,004          N/A
185   2/11/2017    N/A                    360             360      $17,953.14     2,005          N/A
186   10/11/2016   N/A                    360             356      $18,916.19     2,006          N/A
187   12/11/2016   N/A                    360             357      $18,384.45     1,977        1,989
189   1/11/2017    N/A                    360             358      $17,890.19     2,003          N/A
190   12/11/2016   N/A                    360             357      $17,583.49     2,001          N/A
191   1/11/2017    N/A                    180             178      $24,880.19     1,999          N/A
193   12/11/2016   N/A                    360             357      $17,293.85     1,954        2,004
194   2/11/2017    N/A                    360             359      $16,340.04     2,005          N/A
195   12/11/2016   N/A                    360             360      $15,928.41     1,905        2,006
196   1/11/2017    N/A                    360             360      $15,893.95     1,988        2,005
197   2/11/2017    N/A                    360             359      $16,101.17     2,004          N/A
198   12/11/2016   N/A                    360             357      $15,551.25     1,998          N/A
199   2/11/2017    N/A                    360             360      $15,922.18     2,006          N/A
201   2/11/2017    N/A                    300             298      $16,227.64     1,991        2,006
202   2/11/2017    N/A                    360             360      $14,652.91     1,992        2,001
203   1/11/2017    N/A                    360             360      $14,748.52     2,005          N/A
205   10/11/2016   N/A                    360             355      $15,269.79     1,958        2,003
208   2/11/2017    N/A                    360             358      $14,192.71     1,998          N/A
210   12/11/2016   N/A                    360             357      $13,884.02     2,006          N/A
211   1/11/2017    N/A                    360             358      $13,716.26     1,969        1,996
213   2/11/2017    N/A                    300             298      $14,206.92     1,998          N/A
214   12/11/2011   N/A                    360             356      $13,761.13     1,974        2,006
215   2/11/2017    N/A                    360             359      $12,590.56     2,003          N/A
216   1/11/2017    N/A                    360             358      $12,523.13     1,988        2,004
217   1/11/2017    N/A          Interest Only   Interest Only       $9,784.03     1,991        2,006
218   1/11/2017    N/A                    360             360      $11,837.15     2,001          N/A
219   2/11/2017    N/A                    360             359      $11,862.73     1,981          N/A
220   8/11/2016    N/A                    360             353      $12,441.21     1,985        2,005
221   1/11/2017    N/A                    360             358      $11,302.37     1,984        2,001
222   11/11/2016   N/A                    360             356      $11,587.64     2,000          N/A
223   11/11/2016   N/A                    360             360      $11,673.48     2,005          N/A
224   1/11/2017    N/A                    360             358      $10,894.91     1,989          N/A
225   1/11/2017    N/A                    360             358      $10,696.62     1,952        1,960
226   2/11/2017    N/A                    360             360      $10,110.58     2,004          N/A
227   12/11/2016   N/A                    360             357      $10,061.58     2,006          N/A
228   1/11/2017    N/A                    360             360       $9,558.50     2,006          N/A
229   8/11/2016    N/A                    360             353      $10,008.09     1,984        2,006
231   2/11/2017    N/A                    360             358       $9,109.48     1,986          N/A
232   12/11/2016   N/A                    300             297       $9,765.63     1,985        1,993
233   1/11/2017    N/A                    360             360       $8,872.76     2,005          N/A
236   12/11/2016   N/A                    360             357       $8,620.04     2,002        2,004
237   12/11/2016   N/A                    360             360       $8,265.33     2,005          N/A
238   11/11/2016   N/A                    360             356       $8,556.40     1,962        1,998
239   8/11/2016    N/A                    360             360       $8,216.88     1,971          N/A
240   1/11/2017    N/A                    300             298       $8,351.62     2,001          N/A
241   12/11/2016   N/A                    360             357       $7,484.14     1,986          N/A
242   1/11/2017    N/A                    360             358       $7,758.95     1,931        2,000
243   11/11/2011   N/A                    360             356       $7,671.16     1,974        2,003
244   1/11/2017    N/A                    360             358       $7,051.95     1,940        2,005
245   1/11/2017    N/A                    360             360       $6,725.71     1,996          N/A
246   10/11/2016   N/A                    360             360       $6,935.78     1,991          N/A
248   2/11/2017    N/A                    360             359       $6,160.91     2,005          N/A
249   1/11/2017    N/A                    360             357       $6,047.04     2,006          N/A
250   11/11/2016   N/A                    360             356       $5,995.51     2,005          N/A
251   2/11/2017    N/A                    360             359       $3,749.11     1,975          N/A

<CAPTION>
      30/360 / Actual/360   Master Servicing Fee
      Interest              Rate (inclusive of Primary                                  Payment   ARD Loan
  #   Calculation           Servicing Fee Rate)           Primary Servicing Fee Rate    Date      (Yes/No)
---   -------------------   --------------------------    --------------------------    -------   --------
<S>   <C>                   <C>                           <C>                           <C>       <C>
  1   Actual/360                               0.02000%                      0.01000%        11   No
  2   Actual/360                               0.02000%                      0.01000%        11   No
  3   Actual/360                               0.03250%                      0.02250%        11   No
  4   Actual/360                               0.03250%                      0.02250%        11   No
  5   Actual/360                               0.03250%                      0.02250%        11   No
  6   Actual/360                               0.03250%                      0.02250%        11   No
  7   Actual/360                               0.02000%                      0.01000%        11   No
  8   Actual/360                               0.02000%                      0.01000%        11   No
 10   Actual/360                               0.02000%                      0.01000%        11   No
 12   Actual/360                               0.02000%                      0.01000%        11   No
 13   Actual/360                               0.02000%                      0.01000%        11   No
 14   Actual/360                               0.02000%                      0.01000%        11   No
 15   Actual/360                               0.02000%                      0.01000%        11   No
 17   Actual/360                               0.01000%                      0.00000%        11   No
 18   Actual/360                               0.02000%                      0.01000%        11   No
 20   Actual/360                               0.02000%                      0.01000%        11   No
 21   Actual/360                               0.02000%                      0.01000%        11   No
 23   Actual/360                               0.02000%                      0.01000%        11   No
 24   Actual/360                               0.03250%                      0.02250%        11   No
 26   Actual/360                               0.02000%                      0.01000%        11   No
 28   Actual/360                               0.02000%                      0.01000%        11   No
 29   Actual/360                               0.02000%                      0.01000%        11   No
 30   Actual/360                               0.02000%                      0.01000%        11   No
 31   Actual/360                               0.02000%                      0.01000%        11   No
 33   Actual/360                               0.02000%                      0.01000%        11   No
 36   Actual/360                               0.02000%                      0.01000%        11   No
 37   Actual/360                               0.01000%                      0.00000%        11   No
 38   Actual/360                               0.02000%                      0.01000%        11   No
 44   Actual/360                               0.02000%                      0.01000%        11   No
 45   Actual/360                               0.02000%                      0.01000%        11   No
 47   Actual/360                               0.03250%                      0.02250%        11   No
 50   Actual/360                               0.02000%                      0.01000%        11   No
 51   Actual/360                               0.02000%                      0.01000%        11   No
 52   Actual/360                               0.02000%                      0.01000%        11   No
 54   Actual/360                               0.02000%                      0.01000%        11   No
 57   Actual/360                               0.02000%                      0.01000%        11   No
 58   Actual/360                               0.02000%                      0.01000%        11   No
 59   Actual/360                               0.02000%                      0.01000%        11   No
 61   Actual/360                               0.02000%                      0.01000%        11   No
 63   Actual/360                               0.02000%                      0.01000%        11   No
 72   Actual/360                               0.02000%                      0.01000%        11   No
 74   Actual/360                               0.03250%                      0.02250%        11   No
 75   Actual/360                               0.03250%                      0.02250%        11   No
 76   Actual/360                               0.01000%                      0.00000%        11   No
 77   Actual/360                               0.02000%                      0.01000%        11   No
 78   Actual/360                               0.02000%                      0.01000%        11   No
 79   Actual/360                               0.02000%                      0.01000%        11   No
 80   Actual/360                               0.02000%                      0.01000%        11   No
 81   Actual/360                               0.02000%                      0.01000%        11   No
 82   Actual/360                               0.02000%                      0.01000%        11   No
 83   Actual/360                               0.02000%                      0.01000%        11   No
 84   Actual/360                               0.02000%                      0.01000%        11   No
 86   Actual/360                               0.03250%                      0.02250%        11   No
 88   Actual/360                               0.02000%                      0.01000%        11   No
 89   Actual/360                               0.02000%                      0.01000%        11   No
 91   Actual/360                               0.02000%                      0.01000%        11   No
 92   Actual/360                               0.02000%                      0.01000%        11   No
 93   Actual/360                               0.02000%                      0.01000%        11   No
 94   Actual/360                               0.02000%                      0.01000%        11   No
 95   Actual/360                               0.02000%                      0.01000%        11   No
 96   Actual/360                               0.02000%                      0.01000%        11   No
 98   Actual/360                               0.01000%                      0.00000%        11   No
 99   Actual/360                               0.02000%                      0.01000%        11   No
100   Actual/360                               0.02000%                      0.01000%        11   No
102   Actual/360                               0.02000%                      0.01000%        11   No
106   Actual/360                               0.02000%                      0.01000%        11   No
108   Actual/360                               0.02000%                      0.01000%        11   No
109   Actual/360                               0.02000%                      0.01000%        11   No
110   Actual/360                               0.02000%                      0.01000%        11   No
111   Actual/360                               0.02000%                      0.01000%        11   No
113   Actual/360                               0.02000%                      0.01000%        11   No
116   Actual/360                               0.02000%                      0.01000%        11   No
117   Actual/360                               0.01000%                      0.00000%        11   No
118   Actual/360                               0.02000%                      0.01000%        11   No
119   Actual/360                               0.02000%                      0.01000%        11   No
120   Actual/360                               0.02000%                      0.01000%        11   No
121   Actual/360                               0.02000%                      0.01000%        11   No
123   Actual/360                               0.02000%                      0.01000%        11   No
124   Actual/360                               0.02000%                      0.01000%        11   No
125   Actual/360                               0.02000%                      0.01000%        11   No
127   Actual/360                               0.02000%                      0.01000%        11   No
128   Actual/360                               0.02000%                      0.01000%        11   No
129   Actual/360                               0.02000%                      0.01000%        11   No
132   Actual/360                               0.02000%                      0.01000%        11   No
133   Actual/360                               0.01000%                      0.00000%        11   No
134   Actual/360                               0.02000%                      0.01000%        11   No
135   Actual/360                               0.03250%                      0.02250%        11   Yes
138   Actual/360                               0.02000%                      0.01000%        11   No
139   Actual/360                               0.02000%                      0.01000%        11   No
140   Actual/360                               0.02000%                      0.01000%        11   No
142   Actual/360                               0.02000%                      0.01000%        11   No
143   Actual/360                               0.02000%                      0.01000%        11   No
145   Actual/360                               0.02000%                      0.01000%        11   No
146   Actual/360                               0.02000%                      0.01000%        11   No
147   Actual/360                               0.02000%                      0.01000%        11   No
148   Actual/360                               0.02000%                      0.01000%        11   No
149   Actual/360                               0.02000%                      0.01000%        11   No
150   Actual/360                               0.02000%                      0.01000%        11   No
151   Actual/360                               0.02000%                      0.01000%        11   Yes
152   Actual/360                               0.02000%                      0.01000%        11   No
154   Actual/360                               0.02000%                      0.01000%        11   No
156   Actual/360                               0.02000%                      0.01000%        11   No
157   Actual/360                               0.02000%                      0.01000%        11   No
158   Actual/360                               0.02000%                      0.01000%        11   No
159   Actual/360                               0.02000%                      0.01000%        11   No
160   Actual/360                               0.02000%                      0.01000%        11   No
161   Actual/360                               0.01000%                      0.00000%        11   No
162   Actual/360                               0.02000%                      0.01000%        11   Yes
163   Actual/360                               0.02000%                      0.01000%        11   No
165   Actual/360                               0.02000%                      0.01000%        11   No
166   Actual/360                               0.02000%                      0.01000%        11   No
169   Actual/360                               0.02000%                      0.01000%        11   No
170   Actual/360                               0.02000%                      0.01000%        11   No
171   Actual/360                               0.01000%                      0.00000%        11   No
172   Actual/360                               0.01000%                      0.00000%        11   No
173   Actual/360                               0.03250%                      0.02250%        11   No
174   Actual/360                               0.02000%                      0.01000%        11   No
177   Actual/360                               0.02000%                      0.01000%        11   No
178   Actual/360                               0.02000%                      0.01000%        11   No
179   Actual/360                               0.02000%                      0.01000%        11   No
180   Actual/360                               0.02000%                      0.01000%        11   No
181   Actual/360                               0.02000%                      0.01000%        11   No
182   Actual/360                               0.02000%                      0.01000%        11   No
184   Actual/360                               0.02000%                      0.01000%        11   No
185   Actual/360                               0.02000%                      0.01000%        11   No
186   Actual/360                               0.02000%                      0.01000%        11   No
187   Actual/360                               0.02000%                      0.01000%        11   No
189   Actual/360                               0.02000%                      0.01000%        11   No
190   Actual/360                               0.02000%                      0.01000%        11   No
191   Actual/360                               0.02000%                      0.01000%        11   No
193   Actual/360                               0.02000%                      0.01000%        11   No
194   Actual/360                               0.01000%                      0.00000%        11   No
195   Actual/360                               0.02000%                      0.01000%        11   No
196   Actual/360                               0.02000%                      0.01000%        11   No
197   Actual/360                               0.01000%                      0.00000%        11   No
198   Actual/360                               0.02000%                      0.01000%        11   No
199   Actual/360                               0.02000%                      0.01000%        11   No
201   Actual/360                               0.02000%                      0.01000%        11   No
202   Actual/360                               0.02000%                      0.01000%        11   No
203   Actual/360                               0.02000%                      0.01000%        11   No
205   Actual/360                               0.02000%                      0.01000%        11   No
208   Actual/360                               0.02000%                      0.01000%        11   No
210   Actual/360                               0.01000%                      0.00000%        11   No
211   Actual/360                               0.02000%                      0.01000%        11   No
213   Actual/360                               0.02000%                      0.01000%        11   No
214   Actual/360                               0.02000%                      0.01000%        11   No
215   Actual/360                               0.02000%                      0.01000%        11   No
216   Actual/360                               0.02000%                      0.01000%        11   No
217   Actual/360                               0.01000%                      0.00000%        11   No
218   Actual/360                               0.02000%                      0.01000%        11   No
219   Actual/360                               0.02000%                      0.01000%        11   No
220   Actual/360                               0.02000%                      0.01000%        11   No
221   Actual/360                               0.02000%                      0.01000%        11   No
222   Actual/360                               0.01000%                      0.00000%        11   No
223   Actual/360                               0.02000%                      0.01000%        11   No
224   Actual/360                               0.02000%                      0.01000%        11   No
225   Actual/360                               0.02000%                      0.01000%        11   No
226   Actual/360                               0.02000%                      0.01000%        11   No
227   Actual/360                               0.02000%                      0.01000%        11   No
228   Actual/360                               0.02000%                      0.01000%        11   No
229   Actual/360                               0.02000%                      0.01000%        11   No
231   Actual/360                               0.02000%                      0.01000%        11   No
232   Actual/360                               0.02000%                      0.01000%        11   No
233   Actual/360                               0.02000%                      0.01000%        11   No
236   Actual/360                               0.02000%                      0.01000%        11   No
237   Actual/360                               0.02000%                      0.01000%        11   No
238   Actual/360                               0.02000%                      0.01000%        11   No
239   Actual/360                               0.02000%                      0.01000%        11   No
240   Actual/360                               0.02000%                      0.01000%        11   No
241   Actual/360                               0.02000%                      0.01000%        11   No
242   Actual/360                               0.02000%                      0.01000%        11   No
243   Actual/360                               0.02000%                      0.01000%        11   No
244   Actual/360                               0.02000%                      0.01000%        11   No
245   Actual/360                               0.02000%                      0.01000%        11   No
246   Actual/360                               0.02000%                      0.01000%        11   No
248   Actual/360                               0.02000%                      0.01000%        11   No
249   Actual/360                               0.02000%                      0.01000%        11   No
250   Actual/360                               0.02000%                      0.01000%        11   No
251   Actual/360                               0.02000%                      0.01000%        11   No

<CAPTION>
                   Defeasance                     Earthquake
      Defeasance   String of Text If Applicable   Insurance          Environmental        Ground Lease
  #   (Yes/No)     (Not Yes or No)                (Yes / No / N/A)   Insurance (Yes/No)   (Yes/No)
---   ----------   ----------------------------   ----------------   ------------------   ------------
<S>   <C>          <C>                            <C>                <C>                  <C>
  1   Yes          Lock/26_Def/51_0.0%/7          N/A                No                   Yes
  2   Yes          Lock/28_Def/29_0.0%/3          N/A                No                   No
  3   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  4   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  5   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  6   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
  7   Yes          Lock/28_Def/87_0.0%/4          N/A                No                   Yes
  8   Yes          Lock/28_Def/88_0.0%/4          N/A                No                   No
 10   No           N/A                            N/A                No                   No
 12   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 13   Yes          Lock/32_Def/24_0.0%/4          N/A                No                   No
 14   Yes          Lock/27_Def/88_0.0%/5          N/A                No                   No
 15   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 17   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
 18   Yes          Lock/26_Def/91_0.0%/4          N/A                No                   No
 20   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 21   Yes          Lock/28_Def/88_0.0%/4          N/A                No                   Yes
 23   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 24   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
 26   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 28   Yes          Lock/26_Def/93_0.0%/1          N/A                No                   No
 29   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 30   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 31   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
 33   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 36   Yes          Lock/26_Def/30_0.0%/4          N/A                No                   No
 37   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 38   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 44   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 45   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
 47   Yes          Lock/24_Def/91_0.0%/3          N/A                No                   No
 50   Yes          Lock/27_Def/89_0.0%/4          N/A                No                   No
 51   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 52   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 54   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 57   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 58   Yes          Lock/30_Def/83_0.0%/7          N/A                No                   No
 59   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 61   Yes          Lock/32_Def/84_0.0%/4          N/A                No                   No
 63   Yes          Lock/26_Def/88_0.0%/7          N/A                No                   No
 72   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
 74   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
 75   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 76   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
 77   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 78   Yes          Lock/26_Def/72_0.0%/3          N/A                No                   No
 79   Yes          Lock/28_Def/86_0.0%/7          N/A                No                   No
 80   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 81   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
 82   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
 83   Yes          Lock/25_Def/91_0.0%/3          N/A                No                   No
 84   Yes          Lock/27_Def/92_0.0%/3          N/A                No                   No
 86   Yes          Lock/26_Def/88_0.0%/3          N/A                No                   No
 88   Yes          Lock/28_Def/89_0.0%/4          N/A                No                   No
 89   Yes          Lock/25_Def/89_0.0%/7          N/A                No                   No
 91   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 92   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
 93   Yes          Lock/30_Def/84_0.0%/6          N/A                No                   No
 94   Yes          Lock/30_Def/84_0.0%/6          N/A                No                   No
 95   Yes          Lock/30_Def/84_0.0%/6          N/A                No                   No
 96   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
 98   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
 99   Yes          Lock/28_Def/53_0.0%/3          N/A                No                   No
100   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
102   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
106   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
108   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
109   Yes          Lock/28_Def/91_0.0%/3          N/A                No                   No
110   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
111   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
113   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
116   Yes          Lock/30_Def/23_0.0%/7          N/A                No                   No
117   Yes          Lock/36_Def/81_0.0%/3          N/A                No                   No
118   Yes          Lock/28_Def/28_0.0%/4          N/A                No                   No
119   Yes          Lock/28_Def/88_0.0%/4          N/A                No                   No
120   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
121   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
123   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
124   Yes          Lock/31_Def/83_0.0%/6          N/A                No                   No
125   Yes          Lock/26_Def/90_0.0%/4          N/A                No                   No
127   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
128   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
129   Yes          Lock/31_Def/88_0.0%/3          N/A                No                   No
132   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
133   Yes          Lock/30_Def/87_0.0%/3          N/A                No                   No
134   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
135   Yes          Lock/25_Def/88_0.0%/6          N/A                No                   No
138   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
139   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
140   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
142   Yes          Lock/26_Def/89_0.0%/6          N/A                No                   No
143   Yes          Lock/30_Def/86_0.0%/6          N/A                No                   No
145   No           N/A                            N/A                Yes                  No
146   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
147   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
148   Yes          Lock/26_Def/89_0.0%/6          N/A                No                   No
149   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
150   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
151   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
152   No           N/A                            N/A                No                   No
154   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
156   Yes          Lock/27_Def/87_0.0%/6          N/A                No                   No
157   Yes          Lock/31_Def/83_0.0%/6          N/A                No                   No
158   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
159   No           N/A                            N/A                No                   No
160   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
161   Yes          Lock/26_Def/90_0.0%/3          N/A                No                   No
162   Yes          Lock/26_Def/89_0.0%/6          N/A                Yes                  No
163   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
165   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
166   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
169   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
170   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
171   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
172   Yes          Lock/28_Def/90_0.0%/3          N/A                No                   No
173   No           N/A                            N/A                No                   No
174   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
177   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
178   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
179   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
180   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
181   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
182   Yes          Lock/32_Def/86_0.0%/3          N/A                No                   No
184   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
185   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
186   Yes          Lock/28_Def/88_0.0%/3          N/A                No                   No
187   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   Yes
189   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
190   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
191   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
193   Yes          Lock/27_Def/87_0.0%/6          N/A                No                   No
194   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
195   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
196   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
197   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
198   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
199   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
201   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
202   Yes          Lock/25_Def/92_0.0%/3          N/A                No                   No
203   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
205   Yes          Lock/29_Def/88_0.0%/3          N/A                No                   No
208   Yes          Lock/26_Def/89_0.0%/6          N/A                Yes                  No
210   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
211   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
213   Yes          Lock/26_Def/92_0.0%/3          N/A                No                   No
214   Yes          Lock/28_Def/30_0.0%/3          N/A                No                   No
215   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
216   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
217   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
218   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
219   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
220   Yes          Lock/31_Def/83_0.0%/6          N/A                Yes                  No
221   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
222   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
223   Yes          Lock/27_Def/86_0.0%/6          N/A                Yes                  No
224   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
225   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
226   Yes          Lock/25_Def/89_0.0%/6          N/A                No                   No
227   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
228   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
229   Yes          Lock/31_Def/86_0.0%/3          N/A                No                   No
231   Yes          Lock/26_Def/89_0.0%/6          N/A                Yes                  No
232   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
233   Yes          Lock/26_Def/91_0.0%/3          N/A                No                   No
236   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
237   Yes          Lock/27_Def/90_0.0%/3          N/A                No                   No
238   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
239   Yes          Lock/31_Def/83_0.0%/6          N/A                No                   No
240   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  Yes
241   Yes          Lock/27_Def/87_0.0%/6          N/A                Yes                  No
242   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
243   Yes          Lock/28_Def/26_0.0%/6          N/A                Yes                  No
244   Yes          Lock/26_Def/88_0.0%/6          N/A                Yes                  No
245   Yes          Lock/26_Def/88_0.0%/6          N/A                No                   No
246   Yes          Lock/30_Def/85_0.0%/6          N/A                Yes                  No
248   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No
249   Yes          Lock/27_Def/91_0.0%/3          N/A                No                   No
250   Yes          Lock/28_Def/89_0.0%/3          N/A                No                   No
251   Yes          Lock/25_Def/89_0.0%/6          N/A                Yes                  No

<CAPTION>
  #   Letter of Credit Amount ($)
---   ---------------------------
<S>   <C>
  1                         $0.00
  2                         $0.00
  3                         $0.00
  4                         $0.00
  5                         $0.00
  6                         $0.00
  7                         $0.00
  8                         $0.00
 10                         $0.00
 12                $13,000,000.00
 13                         $0.00
 14                         $0.00
 15                         $0.00
 17                         $0.00
 18                         $0.00
 20                         $0.00
 21                         $0.00
 23                         $0.00
 24                         $0.00
 26                         $0.00
 28                         $0.00
 29                         $0.00
 30                         $0.00
 31                         $0.00
 33                         $0.00
 36                 $3,300,000.00
 37                         $0.00
 38                         $0.00
 44                         $0.00
 45                         $0.00
 47                         $0.00
 50                         $0.00
 51                         $0.00
 52                         $0.00
 54                         $0.00
 57                         $0.00
 58                         $0.00
 59                         $0.00
 61                         $0.00
 63                         $0.00
 72                         $0.00
 74                         $0.00
 75                         $0.00
 76                         $0.00
 77                         $0.00
 78                         $0.00
 79                         $0.00
 80                         $0.00
 81                         $0.00
 82                         $0.00
 83                         $0.00
 84                         $0.00
 86                         $0.00
 88                         $0.00
 89                         $0.00
 91                         $0.00
 92                   $240,000.00
 93                         $0.00
 94                         $0.00
 95                         $0.00
 96                         $0.00
 98                         $0.00
 99                         $0.00
100                         $0.00
102                         $0.00
106                         $0.00
108                         $0.00
109                         $0.00
110                         $0.00
111                         $0.00
113                         $0.00
116                         $0.00
117                         $0.00
118                         $0.00
119                         $0.00
120                         $0.00
121                         $0.00
123                         $0.00
124                         $0.00
125                         $0.00
127                         $0.00
128                         $0.00
129                         $0.00
132                         $0.00
133                         $0.00
134                   $361,000.00
135                         $0.00
138                         $0.00
139                         $0.00
140                         $0.00
142                         $0.00
143                         $0.00
145                         $0.00
146                         $0.00
147                         $0.00
148                         $0.00
149                         $0.00
150                         $0.00
151                         $0.00
152                         $0.00
154                         $0.00
156                         $0.00
157                         $0.00
158                         $0.00
159                         $0.00
160                         $0.00
161                         $0.00
162                         $0.00
163                         $0.00
165                         $0.00
166                         $0.00
169                         $0.00
170                         $0.00
171                         $0.00
172                         $0.00
173                         $0.00
174                         $0.00
177                         $0.00
178                         $0.00
179                         $0.00
180                         $0.00
181                         $0.00
182                         $0.00
184                         $0.00
185                         $0.00
186                         $0.00
187                         $0.00
189                         $0.00
190                         $0.00
191                         $0.00
193                         $0.00
194                         $0.00
195                         $0.00
196                         $0.00
197                         $0.00
198                         $0.00
199                         $0.00
201                         $0.00
202                         $0.00
203                         $0.00
205                         $0.00
208                         $0.00
210                         $0.00
211                         $0.00
213                         $0.00
214                         $0.00
215                         $0.00
216                         $0.00
217                         $0.00
218                         $0.00
219                         $0.00
220                         $0.00
221                         $0.00
222                         $0.00
223                         $0.00
224                         $0.00
225                         $0.00
226                         $0.00
227                         $0.00
228                         $0.00
229                         $0.00
231                         $0.00
232                         $0.00
233                         $0.00
236                         $0.00
237                         $0.00
238                         $0.00
239                         $0.00
240                         $0.00
241                         $0.00
242                         $0.00
243                         $0.00
244                         $0.00
245                         $0.00
246                         $0.00
248                         $0.00
249                         $0.00
250                         $0.00
251                         $0.00

<CAPTION>
  #   Letter of Credit Description
---   ------------------------------------------------------------------------------------------------------------------------------
<S>   <C>
  1   N/A
  2   N/A
  3   N/A
  4   N/A
  5   N/A
  6   N/A
  7   N/A
  8   N/A
 10   N/A
 12   Letter of Credit shall serve as additional collateral and shall permit quarterly reductions to the LOC upon the DSCR achieving
      1.20
 13   N/A
 14   N/A
 15   N/A
 17   N/A
 18   N/A
 20   N/A
 21   N/A
 23   N/A
 24   N/A
 26   N/A
 28   N/A
 29   N/A
 30   N/A
 31   N/A
 33   N/A
 36   Pilot Lease Reserve ($2,000,000.00) and Rollover Reserve ($1,300,000.00)
 37   N/A
 38   N/A
 44   N/A
 45   N/A
 47   N/A
 50   N/A
 51   N/A
 52   N/A
 54   N/A
 57   N/A
 58   N/A
 59   N/A
 61   N/A
 63   N/A
 72   N/A
 74   N/A
 75   N/A
 76   N/A
 77   N/A
 78   N/A
 79   N/A
 80   N/A
 81   N/A
 82   N/A
 83   N/A
 84   N/A
 86   N/A
 88   N/A
 89   N/A
 91   N/A
 92   FF&E Reserve Letter of Credit
 93   N/A
 94   N/A
 95   N/A
 96   N/A
 98   N/A
 99   N/A
100   N/A
102   N/A
106   N/A
108   N/A
109   N/A
110   N/A
111   N/A
113   N/A
116   N/A
117   N/A
118   N/A
119   N/A
120   N/A
121   N/A
123   N/A
124   N/A
125   N/A
127   N/A
128   N/A
129   N/A
132   N/A
133   N/A
134   Earnout Reserve ($182,000.00) and Initial Deposit to TI & LC Reserve ($179,000.00)
135   N/A
138   N/A
139   N/A
140   N/A
142   N/A
143   N/A
145   N/A
146   N/A
147   N/A
148   N/A
149   N/A
150   N/A
151   N/A
152   N/A
154   N/A
156   N/A
157   N/A
158   N/A
159   N/A
160   N/A
161   N/A
162   N/A
163   N/A
165   N/A
166   N/A
169   N/A
170   N/A
171   N/A
172   N/A
173   N/A
174   N/A
177   N/A
178   N/A
179   N/A
180   N/A
181   N/A
182   N/A
184   N/A
185   N/A
186   N/A
187   N/A
189   N/A
190   N/A
191   N/A
193   N/A
194   N/A
195   N/A
196   N/A
197   N/A
198   N/A
199   N/A
201   N/A
202   N/A
203   N/A
205   N/A
208   N/A
210   N/A
211   N/A
213   N/A
214   N/A
215   N/A
216   N/A
217   N/A
218   N/A
219   N/A
220   N/A
221   N/A
222   N/A
223   N/A
224   N/A
225   N/A
226   N/A
227   N/A
228   N/A
229   N/A
231   N/A
232   N/A
233   N/A
236   N/A
237   N/A
238   N/A
239   N/A
240   N/A
241   N/A
242   N/A
243   N/A
244   N/A
245   N/A
246   N/A
248   N/A
249   N/A
250   N/A
251   N/A

<CAPTION>
      Loan
  #   Group   Loan Seller
---   -----   ----------------------
<S>   <C>     <C>
  1       2   Column Financial, Inc.
  2       2   Column Financial, Inc.
  3       2   Column Financial, Inc.
  4       2   Column Financial, Inc.
  5       2   Column Financial, Inc.
  6       2   Column Financial, Inc.
  7       1   Column Financial, Inc.
  8       2   Column Financial, Inc.
 10       1   Column Financial, Inc.
 12       2   Column Financial, Inc.
 13       1   Column Financial, Inc.
 14       1   Column Financial, Inc.
 15       1   Column Financial, Inc.
 17       1   Column Financial, Inc.
 18       1   Column Financial, Inc.
 20       2   Column Financial, Inc.
 21       1   Column Financial, Inc.
 23       2   Column Financial, Inc.
 24       1   Column Financial, Inc.
 26       1   Column Financial, Inc.
 28       1   Column Financial, Inc.
 29       2   Column Financial, Inc.
 30       2   Column Financial, Inc.
 31       1   Column Financial, Inc.
 33       1   Column Financial, Inc.
 36       1   Column Financial, Inc.
 37       1   Column Financial, Inc.
 38       1   Column Financial, Inc.
 44       2   Column Financial, Inc.
 45       1   Column Financial, Inc.
 47       1   Column Financial, Inc.
 50       1   Column Financial, Inc.
 51       2   Column Financial, Inc.
 52       2   Column Financial, Inc.
 54       2   Column Financial, Inc.
 57       1   Column Financial, Inc.
 58       1   Column Financial, Inc.
 59       2   Column Financial, Inc.
 61       2   Column Financial, Inc.
 63       1   Column Financial, Inc.
 72       2   Column Financial, Inc.
 74       1   Column Financial, Inc.
 75       2   Column Financial, Inc.
 76       1   Column Financial, Inc.
 77       2   Column Financial, Inc.
 78       2   Column Financial, Inc.
 79       1   Column Financial, Inc.
 80       1   Column Financial, Inc.
 81       1   Column Financial, Inc.
 82       1   Column Financial, Inc.
 83       2   Column Financial, Inc.
 84       1   Column Financial, Inc.
 86       1   Column Financial, Inc.
 88       1   Column Financial, Inc.
 89       1   Column Financial, Inc.
 91       1   Column Financial, Inc.
 92       1   Column Financial, Inc.
 93       1   Column Financial, Inc.
 94       1   Column Financial, Inc.
 95       1   Column Financial, Inc.
 96       1   Column Financial, Inc.
 98       1   Column Financial, Inc.
 99       1   Column Financial, Inc.
100       1   Column Financial, Inc.
102       1   Column Financial, Inc.
106       1   Column Financial, Inc.
108       1   Column Financial, Inc.
109       1   Column Financial, Inc.
110       1   Column Financial, Inc.
111       1   Column Financial, Inc.
113       1   Column Financial, Inc.
116       2   Column Financial, Inc.
117       1   Column Financial, Inc.
118       2   Column Financial, Inc.
119       2   Column Financial, Inc.
120       1   Column Financial, Inc.
121       1   Column Financial, Inc.
123       1   Column Financial, Inc.
124       1   Column Financial, Inc.
125       2   Column Financial, Inc.
127       1   Column Financial, Inc.
128       1   Column Financial, Inc.
129       2   Column Financial, Inc.
132       1   Column Financial, Inc.
133       1   Column Financial, Inc.
134       1   Column Financial, Inc.
135       1   Column Financial, Inc.
138       1   Column Financial, Inc.
139       1   Column Financial, Inc.
140       1   Column Financial, Inc.
142       1   Column Financial, Inc.
143       1   Column Financial, Inc.
145       2   Column Financial, Inc.
146       1   Column Financial, Inc.
147       1   Column Financial, Inc.
148       1   Column Financial, Inc.
149       1   Column Financial, Inc.
150       1   Column Financial, Inc.
151       2   Column Financial, Inc.
152       1   Column Financial, Inc.
154       1   Column Financial, Inc.
156       2   Column Financial, Inc.
157       2   Column Financial, Inc.
158       1   Column Financial, Inc.
159       1   Column Financial, Inc.
160       1   Column Financial, Inc.
161       1   Column Financial, Inc.
162       1   Column Financial, Inc.
163       1   Column Financial, Inc.
165       1   Column Financial, Inc.
166       1   Column Financial, Inc.
169       1   Column Financial, Inc.
170       1   Column Financial, Inc.
171       2   Column Financial, Inc.
172       2   Column Financial, Inc.
173       2   Column Financial, Inc.
174       1   Column Financial, Inc.
177       1   Column Financial, Inc.
178       1   Column Financial, Inc.
179       1   Column Financial, Inc.
180       1   Column Financial, Inc.
181       1   Column Financial, Inc.
182       1   Column Financial, Inc.
184       1   Column Financial, Inc.
185       1   Column Financial, Inc.
186       1   Column Financial, Inc.
187       1   Column Financial, Inc.
189       1   Column Financial, Inc.
190       1   Column Financial, Inc.
191       1   Column Financial, Inc.
193       1   Column Financial, Inc.
194       1   Column Financial, Inc.
195       1   Column Financial, Inc.
196       1   Column Financial, Inc.
197       1   Column Financial, Inc.
198       2   Column Financial, Inc.
199       1   Column Financial, Inc.
201       1   Column Financial, Inc.
202       1   Column Financial, Inc.
203       1   Column Financial, Inc.
205       1   Column Financial, Inc.
208       1   Column Financial, Inc.
210       1   Column Financial, Inc.
211       2   Column Financial, Inc.
213       1   Column Financial, Inc.
214       2   Column Financial, Inc.
215       1   Column Financial, Inc.
216       1   Column Financial, Inc.
217       1   Column Financial, Inc.
218       1   Column Financial, Inc.
219       2   Column Financial, Inc.
220       1   Column Financial, Inc.
221       1   Column Financial, Inc.
222       1   Column Financial, Inc.
223       1   Column Financial, Inc.
224       1   Column Financial, Inc.
225       1   Column Financial, Inc.
226       1   Column Financial, Inc.
227       1   Column Financial, Inc.
228       2   Column Financial, Inc.
229       1   Column Financial, Inc.
231       1   Column Financial, Inc.
232       1   Column Financial, Inc.
233       1   Column Financial, Inc.
236       1   Column Financial, Inc.
237       1   Column Financial, Inc.
238       2   Column Financial, Inc.
239       1   Column Financial, Inc.
240       1   Column Financial, Inc.
241       2   Column Financial, Inc.
242       1   Column Financial, Inc.
243       1   Column Financial, Inc.
244       1   Column Financial, Inc.
245       1   Column Financial, Inc.
246       1   Column Financial, Inc.
248       1   Column Financial, Inc.
249       1   Column Financial, Inc.
250       1   Column Financial, Inc.
251       1   Column Financial, Inc.
</TABLE>

<PAGE>

                                   Exhibit B-1

            Representations and Warranties with Respect to the Seller

            The Seller hereby represents and warrants that, as of the date
hereof:

            1. The Seller is a corporation duly organized, validly existing and
in good standing under the laws of the State of Delaware.

            2. The execution and delivery by the Seller of, and the performance
by the Seller under, this Agreement, the execution (including, without
limitation, by facsimile or machine signature) and delivery of any and all
documents contemplated by this Agreement, including, without limitation,
endorsements of Mortgage Notes, and the consummation by the Seller of the
transactions herein contemplated, do not: (a) violate the Seller's
organizational documents; 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 indenture, agreement or other instrument to which the
Seller is a party or by which it is bound or which is applicable to it or any of
its assets, which default or breach, in the Seller's good faith and reasonable
judgment, is likely to affect materially and adversely either the ability of the
Seller to perform its obligations under this Agreement or the financial
condition of the Seller.

            3. The Seller has full power and authority to enter into and perform
under this Agreement, has duly authorized the execution, delivery and
performance of this Agreement, and has duly executed and delivered this
Agreement.

            4. The Seller has the full right, power and authority to sell,
assign, transfer, set over and convey the Mortgage Loans (and, in the event that
the related transaction is deemed to constitute a loan secured by all or part of
the Mortgage Loans, to pledge the Mortgage Loans) in accordance with, and under
the conditions set forth in, this Agreement.

            5. Assuming due authorization, execution and delivery hereof by the
Purchaser, this Agreement constitutes a valid, legal and binding obligation of
the Seller, enforceable against the Seller in accordance with the terms hereof,
subject to (a) applicable bankruptcy, insolvency, reorganization, receivership,
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.

            6. The Seller is not in violation of, and its execution and delivery
of this Agreement and its performance under and compliance with the terms hereof
do 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 Seller's good
faith and reasonable judgment, is likely to affect materially and adversely
either the ability of the Seller to perform its obligations under this Agreement
or the financial condition of the Seller.

            7. There are no actions, suits or proceedings pending or, to the
best of the Seller's knowledge, threatened against the Seller which, if
determined adversely to the Seller, would prohibit the Seller from entering into
this Agreement or, in the Seller's good faith and reasonable judgment, would be
likely to affect materially and adversely either the ability of the Seller to
perform its obligations hereunder or the financial condition of the Seller.

            8. No consent, approval, authorization or order of, or filing or
registration with, any state or federal court or governmental agency or body is
required for the consummation by the Seller of the transactions contemplated
herein, except for those consents, approvals, authorizations and orders that
previously have been obtained and those filings and registrations that
previously have been completed, and except for those filings and recordings of
Mortgage Loan documents and assignments thereof that are contemplated by the
Pooling and Servicing Agreement to be completed after the Closing Date.

            9. The transfer of the Mortgage Loans to the Purchaser as
contemplated herein is not subject to any bulk transfer or similar law in effect
in any applicable jurisdiction.

            10. The Mortgage Loans do not constitute all or substantially all of
the assets of the Seller.

            11. The Seller is not transferring the Mortgage Loans to the
Purchaser with any intent to hinder, delay or defraud its present or future
creditors.

            12. The Seller will be solvent at all relevant times prior to, and
will not be rendered insolvent by, its transfer of the Mortgage Loans to the
Purchaser, as contemplated herein.

            13. After giving effect to its transfer of the Mortgage Loans to the
Purchaser, as provided herein, the value of the Seller's assets, either taken at
their present fair saleable value or at fair valuation, will exceed the amount
of the Seller's debts and obligations, including contingent and unliquidated
debts and obligations of the Seller, and the Seller will not be left with
unreasonably small assets or capital with which to engage in and conduct its
business.

            14. The Seller does not intend to, and does not believe that it
will, incur debts or obligations beyond its ability to pay such debts and
obligations as they mature.

            15. No proceedings looking toward liquidation, dissolution or
bankruptcy of the Seller are pending or contemplated.

            16. In connection with its transfer of the Mortgage Loans to the
Purchaser as contemplated herein, the Seller is receiving new value and
consideration constituting at least reasonably equivalent value and fair
consideration.

<PAGE>

                                   Exhibit B-2

          Representations and Warranties with Respect to the Purchaser

            The Purchaser hereby represents and warrants that, as of the date
hereof:

            1. The Purchaser is a corporation duly organized, validly existing
and in good standing under the laws of the State of Delaware.

            2. The execution and delivery by the Purchaser of, and the
performance by the Purchaser under, this Agreement, and the consummation by the
Purchaser of transactions herein contemplated, do not: (a) violate the
Purchaser's organizational documents; 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 indenture, agreement or other instrument to
which the Purchaser is a party or by which it is bound or which is applicable to
it or any of its assets, which default or breach, in the Purchaser's good faith
and reasonable judgment, is likely to affect materially and adversely either the
ability of the Purchaser to perform its obligations under this Agreement or the
financial condition of the Purchaser.

            3. The Purchaser has full power and authority to enter into and
perform under this Agreement, has duly authorized the execution, delivery and
performance of this Agreement, and has duly executed and delivered this
Agreement.

            4. Assuming due authorization, execution and delivery hereof by the
Seller, this Agreement constitutes a valid, legal and binding obligation of the
Purchaser, enforceable against the Purchaser in accordance with the terms
hereof, subject to (a) applicable bankruptcy, insolvency, reorganization,
receivership, 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.

            5. The Purchaser is not in violation of, and its execution and
delivery of this Agreement and its performance under and compliance with the
terms hereof do 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
Purchaser's good faith and reasonable judgment, is likely to affect materially
and adversely either the ability of the Purchaser to perform its obligations
under this Agreement or the financial condition of the Purchaser.

            6. There are no actions, suits or proceedings pending or, to the
best of the Purchaser's knowledge, threatened against the Purchaser which, if
determined adversely to the Purchaser, would prohibit the Purchaser from
entering into this Agreement or, in the Purchaser's good faith and reasonable
judgment, would be likely to affect materially and adversely either the ability
of the Purchaser to perform its obligations hereunder or the financial condition
of the Purchaser.

            7. No consent, approval, authorization or order of, or filing or
registration with, any state or federal court or governmental agency or body is
required for the consummation by the Purchaser of the transactions contemplated
herein, except for those consents, approvals, authorizations and orders that
previously have been obtained and those filings and registrations that
previously have been completed, and except for those filings of Mortgage Loan
documents and assignments thereof that are contemplated by the Pooling and
Servicing Agreement to be completed after the Closing Date.

<PAGE>

                                    Exhibit C

        Representations and Warranties with Respect to the Mortgage Loans

            For purposes of these representations and warranties, the phrases
"to the knowledge of Seller" or "to the Seller's knowledge" or phrases of
similar import shall mean, except where otherwise expressly set forth below, the
actual state of knowledge of the Seller or any servicer acting on its behalf
regarding the matters referred to, in each case without having conducted any
independent inquiry or due diligence with respect to such matters and without
any actual or implied obligation to make such inquiry or perform such due
diligence, other than making such inquiry or performing such due diligence as
would be customarily performed by prudent commercial or multifamily mortgage
lenders or servicers (as the case may be) with respect to similar mortgage loans
or mortgaged properties. All information contained in documents which are part
of or required to be part of a Mortgage File shall be deemed to be within the
knowledge of the Seller. Wherever there is a reference to receipt by, or
possession of, the Seller of any information or documents, or to any action
taken by the Seller or not taken by the Seller, such reference shall include the
receipt or possession of such information or documents by, or the taking of such
action or the not taking of such action by, either the Seller or any servicer
acting on its behalf.

            The Seller hereby represents and warrants, subject to the exceptions
set forth in Schedule C-1 hereto and Section 19 of this Agreement, with respect
to the Mortgage Loans that, as of the date hereinbelow specified or, if no such
date is specified, as of the date hereof:

            1. Mortgage Loan Schedule. The information set forth in the Mortgage
Loan Schedule with respect to the Mortgage Loans is true, complete (in
accordance with the requirements of this Agreement and the Pooling and Servicing
Agreement) and correct in all material respects as of the dates of the
information set forth therein (or, if not set forth therein, and in all events
no earlier than, as of the respective Due Dates of the Mortgage Loans in March
2007).

            2. Ownership of Mortgage Loans. Immediately prior to the transfer of
the Mortgage Loans to the Purchaser, the Seller had good title to, and was the
sole owner of, each Mortgage Loan. The Seller has full right, power and
authority to sell, transfer and assign each Mortgage Loan to, or at the
direction of, the Purchaser free and clear of any and all pledges, liens,
charges, security interests, participation interests and/or other interests and
encumbrances (except for certain servicing rights as provided in the Pooling and
Servicing Agreement, any permitted subservicing agreements and servicing rights
purchase agreements pertaining thereto). Subject to the completion of the names
and addresses of the assignees and endorsees and any missing recording
information in all instruments of transfer or assignment and endorsements and
the completion of all recording and filing contemplated hereby and by the
Pooling and Servicing Agreement, the Seller will have validly and effectively
conveyed to the Purchaser all legal and beneficial interest in and to each
Mortgage Loan free and clear of any pledge, lien, charge, security interest or
other encumbrance (except for certain servicing rights as provided in the
Pooling and Servicing Agreement, any permitted subservicing agreements and
servicing rights purchase agreements pertaining thereto). The sale of the
Mortgage Loans to the Purchaser or its designee does not require the Seller to
obtain any governmental or regulatory approval or consent that has not been
obtained. Each Mortgage Note is, or shall be as of the Closing Date, properly
endorsed to the Purchaser or its designee and each such endorsement is, or shall
be as of the Closing Date, genuine.

            3. Payment Record. No scheduled payment of principal and interest
due under any Mortgage Loan on the Due Date in March 2007 or on any Due Date in
the twelve-month period immediately preceding the Due Date for such Mortgage
Loan in March 2007 was 30 days or more delinquent, without giving effect to any
applicable grace period.

            4. Lien; Valid Assignment. The Mortgage related to and delivered in
connection with each Mortgage Loan constitutes a valid and enforceable first
priority lien upon the related Mortgaged Property, except as the enforcement of
the Mortgage may be limited as provided in the exceptions set forth in Paragraph
13 below, prior to all other liens and/or encumbrances (and there are no liens
or encumbrances that are pari passu with the lien of such Mortgage), except as
described on Schedule C-1 hereto and except for the following (collectively, the
"Permitted Encumbrances"): (a) the lien for current real estate taxes, water
charges, sewer rents and assessments not yet delinquent or accruing interest or
penalties; (b) covenants, conditions and restrictions, rights of way, easements
and other matters that are of public record and are referred to in the related
lender's title insurance policy (or, if not yet issued, referred to in a pro
forma title policy or title policy commitment meeting the requirements described
in Paragraph 8 below); (c) exceptions and exclusions specifically referred to in
the related lender's title insurance policy (or, if not yet issued, referred to
in a pro forma title policy or title policy commitment meeting the requirements
described in Paragraph 8 below); (d) other matters to which like properties are
commonly subject; (e) the rights of tenants (as tenants only) under leases
(including subleases) pertaining to the related Mortgaged Property; (f)
condominium declarations of record and identified in the related lender's title
insurance policy (or, if not yet issued, identified in a pro forma title policy
or title policy commitment meeting the requirements described in Paragraph 8
below); and (g) if such Mortgage Loan constitutes a Cross-Collateralized
Mortgage Loan, the lien of the Mortgage for another Mortgage Loan contained in
the same Cross-Collateralized Group. With respect to each Mortgage Loan, such
Permitted Encumbrances do not, individually or in the aggregate, materially
interfere with the security intended to be provided by the related Mortgage, the
current principal use of the related Mortgaged Property or the ability of the
related Mortgaged Property to generate income sufficient to service such
Mortgage Loan. The related assignment of the Mortgage for each Mortgage Loan,
executed and delivered in favor of the Trustee, is in recordable form (but for
insertion of the name and address of the assignee and any related recording
information which is not yet available to the Seller) to validly and effectively
convey the assignor's interest therein and constitutes a legal, valid, binding
and, subject to the exceptions set forth in Paragraph 13 below, enforceable
assignment of such Mortgage from the relevant assignor to the Trustee.

            5. Assignment of Leases. The Mortgage File contains an assignment of
leases and rents (an "Assignment of Leases"), either as a separate instrument or
incorporated into the related Mortgage, which establishes and creates a valid,
subsisting and, subject to the exceptions set forth in Paragraph 13 below,
enforceable first priority lien on and security interest in, subject to
applicable law, the property, rights and interests of the related Borrower
described therein, except that a license may have been granted to the related
Borrower to exercise certain rights and perform certain obligations of the
lessor under the relevant lease or leases, including, without limitation, the
right to operate the related leased property and subject as to priority to the
Permitted Encumbrances; and each assignor thereunder has the full right to
assign the same. The related assignment of any Assignment of Leases not included
in a Mortgage, executed and delivered in favor of the Trustee is in recordable
form (but for insertion of the name and address of the assignee and any related
recording information which is not yet available to the Seller) to validly and
effectively convey the assignor's interest therein and constitutes a legal,
valid, binding and, subject to the exceptions set forth in Paragraph 13 below,
enforceable assignment of such Assignment of Leases from the relevant assignor
to the Trustee.

            6. Mortgage Status; Waivers and Modifications. In the case of each
Mortgage Loan, except by a written instrument which has been delivered to the
Purchaser or its designee as a part of the related Mortgage File, (a) the
related Mortgage (including any amendments or supplements thereto included in
the related Mortgage File) has not been impaired, waived, modified, altered,
satisfied, canceled, subordinated or rescinded, (b) neither the related
Mortgaged Property (nor any portion thereof that has a material value or is
material to the use or operation of the related Mortgaged Property) has been
released from the lien of such Mortgage and (c) the related Borrower has not
been released from its obligations under such Mortgage, in whole or in material
part. Except as described on Schedule C-1 hereto, no alterations, waivers,
modifications or assumptions of any kind with respect to any Mortgage Loan have
been given, made or consented to by or on behalf of the Seller since the later
of January 23, 2007 and the date of the origination of such Mortgage Loan. The
Seller has not taken any affirmative action that would cause the representations
and warranties of the related Borrower under the Mortgage Loan not to be true
and correct in any material respect.

            7. Condition of Property; Condemnation. In the case of each Mortgage
Loan, one or more engineering reports were prepared in connection with the
origination of such Mortgage Loan by an independent third-party engineering
firm, and except as set forth in such engineering report(s) or on Schedule C-1,
the related Mortgaged Property is, to the Seller's knowledge, in good repair,
free and clear of any damage that would materially and adversely affect its
value as security for such Mortgage Loan (except in any such case where an
escrow of funds, letter of credit or insurance coverage exists sufficient to
effect the necessary repairs and maintenance); provided that, if no engineer or
architect physically visited the related Mortgaged Property in connection with
preparing and delivering such engineering report, then the representation and
warranty made in this sentence shall not be qualified by "to the Seller's
knowledge." As of origination of such Mortgage Loan, there was no proceeding
pending, and subsequent to such date, the Seller has not received actual notice
of, any proceeding pending for the condemnation of all or any material portion
of the Mortgaged Property securing any Mortgage Loan, except as otherwise
described on Schedule C-1. If any of the engineering reports referred to above
in this Paragraph 7 revealed any material damage or material deferred
maintenance, then one of the following is true: (a) the repairs and/or
maintenance necessary to correct such condition have been completed in all
material respects; (b) an escrow of funds is required or a letter of credit was
obtained in an amount reasonably estimated to be sufficient to complete the
repairs and/or maintenance necessary to correct such condition; or (c) the
reasonable estimate of the cost to complete the repairs and/or maintenance
necessary to correct such condition represented no more than 2% of the value of
the related Mortgaged Property as reflected in an appraisal conducted in
connection with the origination of the subject Mortgage Loan. As of the date of
the origination of each Mortgage Loan: (a) all of the material improvements on
the related Mortgaged Property lay wholly within the boundaries and, to the
extent in effect at the time of construction, building restriction lines of such
property, except for encroachments that are insured against by the lender's
title insurance policy referred to in Paragraph 8 below or that do not
materially and adversely affect the value, marketability or current principal
use of such Mortgaged Property, and (b) no improvements on adjoining properties
encroached upon such Mortgaged Property so as to materially and adversely affect
the value or marketability of such Mortgaged Property, except those
encroachments that are insured against by the lender's title insurance policy
referred to in Paragraph 8 below.

            8. Title Insurance. The lien of each Mortgage securing a Mortgage
Loan is insured by an American Land Title Association (or an equivalent form of)
lender's title insurance policy (the "Title Policy") (except that if such policy
is yet to be issued, such insurance may be evidenced by a "marked up" pro forma
policy or title commitment in either case marked as binding and countersigned by
the title company or its authorized agent, either on its face or by an
acknowledged closing instruction or escrow letter) in the original principal
amount of such Mortgage Loan after all advances of principal, insuring the
originator of the related Mortgage Loan, its successors and assigns (as the sole
insured) that the related Mortgage is a valid first priority lien on such
Mortgaged Property, subject only to the Permitted Encumbrances (and, in the case
of an A Loan, subject to the portion of the lien of the related Mortgage that
secures the related B Loan). Such Title Policy (or, if it has yet to be issued,
the coverage to be provided thereby) is in full force and effect, all premiums
thereon have been paid, the Seller has made no claims thereunder and, to the
Seller's knowledge, no prior holder of the related Mortgage has made any claims
thereunder and no claims have been paid thereunder. The Seller has not, and to
the Seller's knowledge, no prior holder of the related Mortgage has, done, by
act or omission, anything that would materially impair the coverage under such
Title Policy. Immediately following the transfer and assignment of the related
Mortgage Loan to the Trustee (including endorsement and delivery of the related
Mortgage Note to the Trustee and recording of the related Assignment of Mortgage
in favor of the Trustee in the applicable real estate records), such Title
Policy (or, if it has yet to be issued, the coverage to be provided thereby)
will inure to the benefit of the Trustee without the consent of or notice to the
insurer. Such Title Policy contains no exclusion for any of the following
circumstances, or it affirmatively insures (unless the related Mortgaged
Property is located in a jurisdiction where such affirmative insurance is not
available), (a) that the related Mortgaged Property has access to a public road,
and (b) that the area shown on the survey, if any, reviewed or prepared in
connection with the origination of the related Mortgage Loan is the same as the
property legally described in the related Mortgage. Such Title Policy contains
no exclusion regarding the encroachment upon any material easements of any
material permanent improvements located at the related Mortgaged Property for
which the grantee of such easement has the ability to force removal of such
improvement, or such Title Policy affirmatively insures (unless the related
Mortgaged Property is located in a jurisdiction where such affirmative insurance
is not available) against losses caused by forced removal of any material
permanent improvements on the related Mortgaged Property that encroach upon any
material easements.

            9. No Holdback. The proceeds of each Mortgage Loan have been fully
disbursed (except in those cases where the full amount of the Mortgage Loan has
been disbursed but a portion thereof is being held in escrow or reserve accounts
pending the satisfaction of certain conditions relating to leasing, repairs or
other matters with respect to the related Mortgaged Property), and there is no
obligation for future advances with respect thereto. If the related Mortgage
Loan Documents include any requirements regarding (a) the completion of any
on-site or off-site improvements and (b) the disbursement of any funds escrowed
for such purpose, and if those requirements were to have been complied with on
or before the date hereof, then such requirements have been complied with in all
material respects or such funds so escrowed have not been released except to the
extent specifically provided by the related Mortgage Loan Documents.

            10. Mortgage Provisions. The Mortgage Note, Mortgage and Assignment
of Leases for each Mortgage Loan, together with applicable state law, contain
customary and, subject to the exceptions set forth in Paragraph 13 below,
enforceable provisions for commercial and multifamily mortgage loans such as to
render the rights and remedies of the holder thereof adequate for the practical
realization against the related Mortgaged Property of the principal benefits of
the security intended to be provided thereby. The Mortgage Loan Documents for
each Mortgage Loan, subject to applicable law, provide for the appointment of a
receiver for the collection of rents or for the related mortgagee to enter into
possession to collect the rents if there is an event of default under such
Mortgage Loan.

            11. Trustee under Deed of Trust. If the Mortgage for any Mortgage
Loan is a deed of trust, then (a) a trustee, duly qualified under applicable law
to serve as such, has either (i) been properly designated, has accepted such
designation and currently so serves or (ii) may be substituted in accordance
with the Mortgage and applicable law, and (b) no fees or expenses are payable to
such trustee by the Seller, the Purchaser or any transferee thereof except for
such fees and expenses (all of which are the obligation of the related Borrower
under the related Mortgage Loan Documents) as would be payable in connection
with a trustee's sale after default by the related Borrower or in connection
with any full or partial release of the related Mortgaged Property or related
security for such Mortgage Loan.

            12. Environmental Conditions. Except in the case of the Mortgage
Loans identified on Schedule C-1, (a) an environmental site assessment meeting
the requirements of the American Society for Testing and Materials and covering
all environmental hazards typically assessed for similar properties including
use, type and tenants of the Mortgaged Property, or an update of such an
assessment (or with respect to certain Mortgage Loans with an original principal
balance of $350,000 or less, a transaction screen meeting ASTM standards) and/or
a Phase II or other environment assessment supplemental to such assessment
and/or update, was performed by a licensed (to the extent required by applicable
state law) independent third-party environmental consulting firm with respect to
each Mortgaged Property securing a Mortgage Loan in connection with the
origination of such Mortgage Loan such that, except as set forth on Schedule
C-1, such assessment, transaction screen, update or supplement, as applicable,
is dated no earlier than twelve months prior to the date hereof, (b) a written
report of each such assessment, transaction screen, if any, update, if any, and
supplement, if any (collectively, an "Environmental Report"), has been delivered
to the Purchaser, and (c) either: (i) no such Environmental Report provides that
as of the date of the report there is a material violation of any applicable
environmental laws with respect to any circumstances or conditions relating to
the related Mortgaged Property; or (ii) if any such Environmental Report does
reveal any such circumstances or conditions with respect to the related
Mortgaged Property and the same have not been subsequently remediated in all
material respects, then one or more of the following are true--(A) one or more
parties not related to or including the related Borrower and collectively having
financial resources reasonably estimated to be adequate to cure the subject
violation in all material respects were identified as the responsible party or
parties for such condition or circumstance and such condition or circumstance
does not materially impair the value of the Mortgaged Property, (B) the related
Borrower was required to provide additional security reasonably estimated to be
adequate to cure the subject violation in all material respects, (C) if and to
the extent that such condition or circumstances can, based upon the
recommendation set forth in the subject Environmental Report, be remediated or
otherwise appropriately addressed in all material respects through the
implementation of an operations and maintenance plan, the related Borrower was
required to obtain and maintain an operations and maintenance plan, (D) the
related Borrower, or other responsible party, provided a "no further action"
letter or other evidence reasonably acceptable to a reasonably prudent
commercial or multifamily mortgage lender that applicable federal, state or
local governmental authorities had no current intention of taking any action,
and are not requiring any action, in respect of such condition or circumstance,
(E) such conditions or circumstances were investigated further and based upon
such additional investigation, an independent third-party environmental
consultant recommended no further investigation or remediation, (F) the
expenditure of funds reasonably estimated to be necessary to effect such
remediation is not greater than 2% of the outstanding principal balance of the
related Mortgage Loan or $10,000, whichever is greater, (G) there exists an
escrow of funds reasonably estimated to be sufficient for purposes of effecting
such remediation, (H) the related Mortgaged Property is identified on Schedule
C-1 and insured under a policy of insurance subject to reasonable per occurrence
and aggregate limits and a reasonable deductible, against certain losses arising
from such circumstances and conditions or (I) a party with financial resources
reasonably estimated to be adequate to cure the subject violation in all
material respects provided a guaranty or indemnity to the related Borrower to
cover the costs of any required investigation, testing, monitoring or
remediation. To the Seller's knowledge, there are no significant or material
circumstances or conditions with respect to any Mortgaged Property not revealed
in any such Environmental Report, where obtained, or in any Borrower
questionnaire delivered to the Seller in connection with the issue of any
related environmental insurance policy, if applicable, that render such
Mortgaged Property in material violation of any applicable environmental laws.
The Mortgage Loan Documents for each Mortgage Loan require the related Borrower
to comply in all material respects with all applicable federal, state and local
environmental laws and regulations. The Seller has not taken any affirmative
action which would cause the Mortgaged Property securing any Mortgage Loan not
to be in compliance with all federal, state and local laws pertaining to
environmental hazards. Each Borrower represents and warrants in the related
Mortgage Loan Documents generally to the effect that, except as set forth in
certain specified environmental reports and to the Borrower's knowledge, it has
not used, caused or permitted to exist and will not use, cause or permit to
exist on the related Mortgaged Property any hazardous materials in any manner
which violates federal, state or local laws, ordinances, regulations, orders,
directives, or policies governing the use, storage, treatment, transportation,
manufacture, refinement, handling, production or disposal of hazardous
materials. Unless the related Mortgage Loan is identified on Schedule C-1, the
related Borrower (or an affiliate thereof) has agreed to indemnify, defend and
hold the Seller and its successors and assigns harmless from and against, or
otherwise be liable for, any and all losses resulting from a breach of
environmental representations, warranties or covenants given by the Borrower in
connection with such Mortgage Loan, generally including any and all losses,
liabilities, damages, injuries, penalties, fines, expenses and claims of any
kind or nature whatsoever (including without limitation, attorneys' fees and
expenses) paid, incurred or suffered by or asserted against, any such party
resulting from such breach.

            13. Loan Document Status. Each Mortgage Note, Mortgage, and other
agreement executed by or on behalf of the related Borrower, or any guarantor of
non-recourse exceptions and environmental liability, with respect to each
Mortgage Loan is the legal, valid and binding obligation of the maker thereof
(subject to any non-recourse provisions contained in any of the foregoing
agreements and any applicable state anti-deficiency or market value limit
deficiency legislation), enforceable in accordance with its terms, except as
such enforcement may be limited by (i) bankruptcy, insolvency, reorganization,
receivership, fraudulent transfer and conveyance or other similar laws affecting
the enforcement of creditors' rights generally and (ii) general principles of
equity (regardless of whether such enforcement is considered in a proceeding in
equity or at law), and except that certain provisions in such loan documents may
be further limited or rendered unenforceable by applicable law, but (subject to
the limitations set forth in the foregoing clauses (i) and (ii)) such
limitations will not render such loan documents invalid as a whole or
substantially interfere with the mortgagee's realization of the principal
benefits and/or security provided thereby. There is no right of rescission,
offset, abatement or diminution or valid defense or counterclaim available to
the related Borrower with respect to such Mortgage Note, Mortgage or other
agreements that would deny the mortgagee the principal benefits intended to be
provided thereby. The Seller has no knowledge of any such rights, defenses or
counterclaims having been asserted.

            14. Insurance. Except in certain cases, where tenants, having a net
worth of at least $50,000,000 or an investment grade credit rating and obligated
to maintain the insurance described in this paragraph, are allowed to
self-insure the related Mortgaged Properties, all improvements upon each
Mortgaged Property securing a Mortgage Loan are insured under a fire and
extended perils insurance policy included within the classification "All Risk of
Physical Loss" insurance (or the equivalent) policy in an amount at least equal
to the lesser of the outstanding principal balance of such Mortgage Loan and
100% of the insurable replacement cost of the improvements located on the
related Mortgaged Property, and if applicable, the related hazard insurance
policy contains appropriate endorsements to avoid the application of
co-insurance and does not permit reduction in insurance proceeds for
depreciation. Each Mortgaged Property securing a Mortgage Loan is the subject of
a business interruption or rent loss insurance policy providing coverage for at
least twelve (12) months (or a specified dollar amount which is reasonably
estimated to cover no less than twelve (12) months of rental income). If, based
solely on a flood zone certification or a survey of the related Mortgaged
Property, any portion of the improvements on a Mortgaged Property securing any
Mortgage Loan was, at the time of the origination of such Mortgage Loan, in an
area identified in the Federal Register by the Flood Emergency Management Agency
as a special flood hazard area (Zone A or Zone V) and flood insurance was
available, then a flood insurance policy meeting the requirements of the then
current guidelines of the Federal Insurance Administration is in effect with a
generally acceptable insurance carrier, in an amount representing coverage not
less than the least of (1) the minimum amount required, under the terms of
coverage, to compensate for any damage or loss on a replacement basis, (2) the
outstanding principal balance of such Mortgage Loan, and (3) the maximum amount
of insurance available under the applicable National Flood Insurance
Administration Program. All such hazard and flood insurance policies contain a
standard mortgagee clause for the benefit of the holder of the related Mortgage,
its successors and assigns, as mortgagee, and are not terminable (nor may the
amount of coverage provided thereunder be reduced) without ten (10) days' prior
written notice to the mortgagee; and no such notice has been received, including
any notice of nonpayment of premiums, that has not been cured. Each Mortgaged
Property and all improvements thereon are also covered by comprehensive general
liability insurance in such amounts as are generally required by reasonably
prudent commercial or multifamily mortgage lenders for similar properties and
seismic insurance to the extent any Mortgaged Property has a probable maximum
loss in the event of an earthquake of greater than twenty percent (20%) of the
replacement value of the related improvements, calculated using methodology
acceptable to a reasonably prudent commercial or multifamily mortgage lender
with respect to similar properties in same area or earthquake zone. If the
Mortgaged Property for any Mortgage Loan is located in Florida or within 25
miles of the coast in Texas, Louisiana, Mississippi, Alabama, Georgia, North
Carolina or South Carolina, then such Mortgaged Property is insured by windstorm
insurance in an amount at least equal to the lesser of (i) the outstanding
principal balance of such Mortgage Loan and (ii) 100% of the insurable
replacement cost of the improvements located on the related Mortgaged Property.
If any Mortgaged Property is, to the Seller's knowledge, a materially
non-conforming use or structure under applicable zoning laws and ordinances,
then, in the event of a material casualty or destruction, one or more of the
following is true: (i) such Mortgaged Property may be restored or repaired to
materially the same extent of the use or structure at the time of such casualty;
(ii) such Mortgaged Property is covered by law and ordinance insurance in an
amount customarily required by reasonably prudent commercial or multifamily
mortgage lenders; or (iii) the amount of hazard insurance currently in place and
required by the related Mortgage Loan Documents would generate proceeds
sufficient to pay off the subject Mortgage Loan. Additionally, for any Mortgage
Loan having a Cut-off Date Principal Balance equal to or greater than
$20,000,000, the insurer for all of the required coverages set forth herein has
a claims paying ability rating from S&P, Moody's or Fitch of not less than
A-minus (or the equivalent), or from A.M. Best of not less than "A-minus:V" (or
the equivalent). With respect to each Mortgage Loan, the related Mortgage Loan
Documents require that the related Borrower or a tenant of such Borrower
maintain insurance as described above or permit the Mortgagee to require
insurance as described above. Except under circumstances set forth in the
related Mortgage Loan Documents that would be reasonably acceptable to a prudent
commercial or multifamily mortgage lender or that would not otherwise materially
and adversely affect the security intended to be provided by the related
Mortgage, the Mortgage Loan Documents for each Mortgage Loan provide that
proceeds paid under any such casualty insurance policy will (or, at the lender's
option, will) be applied either to the repair or restoration of the related
Mortgaged Property or to the payment of amounts due under such Mortgage Loan;
provided that the related Mortgage Loan Documents may entitle the related
Borrower to any portion of such proceeds remaining after the repair or
restoration of the related Mortgaged Property or payment of amounts due under
the Mortgage Loan; and provided, further, that, if the related Borrower holds a
leasehold interest in the related Mortgaged Property, the application of such
proceeds will be subject to the terms of the related Ground Lease (as defined in
Paragraph 18 below). To the Seller's knowledge, all insurance policies described
above are with an insurance carrier qualified to write insurance in the relevant
jurisdiction and all insurance described above is in full force and effect.

            15. Taxes and Assessments. As of the date of origination of the
subject Mortgage Loan or September 30, 2006, whichever is later, there were no
(and, to the Seller's knowledge, there are no) delinquent property taxes or
water, sewer or other governmental assessments affecting any Mortgaged Property
securing a Mortgage Loan that are not otherwise covered by an escrow of funds
sufficient to pay such charge. For purposes of this representation and warranty,
real property taxes and water, sewer and other governmental assessments shall
not be considered delinquent until the date on which interest and/or penalties
would be payable thereon.

            16. Borrower Bankruptcy. No Borrower under a Mortgage Loan is a
debtor in any state or federal bankruptcy, insolvency or similar proceeding.

            17. Local Law Compliance. To the Seller's knowledge, based upon a
letter from governmental authorities, a legal opinion, a zoning consultant's
report, an endorsement to the related Title Policy, or (when such would be
acceptable to a reasonably prudent commercial or multifamily mortgage lender) a
representation of the related Borrower at the time of origination of the subject
Mortgage Loan, or based on such other due diligence considered reasonable by
prudent commercial or multifamily mortgage lenders in the lending area where the
subject Mortgaged Property is located, the improvements located on or forming
part of, and the existing use of, each Mortgaged Property securing a Mortgage
Loan are in material compliance with applicable zoning laws and ordinances or
constitute a legal non-conforming use or structure (or, if any such improvement
does not so comply and does not constitute a legal non-conforming use or
structure, such non-compliance and failure does not materially and adversely
affect the value of the related Mortgaged Property as determined by the
appraisal performed in connection with the origination of such Mortgage Loan).

            18. Leasehold Estate Only. If any Mortgage Loan is secured by the
interest of a Borrower as a lessee under a ground lease (together with any and
all written amendments and modifications thereof and any and all estoppels from
or other agreements with the ground lessor, a "Ground Lease"), but not by the
related fee interest in the subject real property (the "Fee Interest"), then,
except as set forth on Schedule C-1:

            (a) Such Ground Lease or a memorandum thereof has been or will be
duly recorded; such Ground Lease permits the interest of the lessee thereunder
to be encumbered by the related Mortgage and does not restrict the use of the
related Mortgaged Property by such lessee, its successors or assigns in a manner
that would materially adversely affect the security provided by the related
Mortgage; to the extent required under such Ground Lease, the lessor under such
Ground Lease has been sent notice of the lien of the related Mortgage in
accordance with the provisions of such Ground Lease; and there has been no
material change in the terms of such Ground Lease since its recordation, with
the exception of material changes reflected in written instruments which are a
part of the related Mortgage File;

            (b) The related lessee's leasehold interest in the portion of the
related Mortgaged Property covered by such Ground Lease is not subject to any
liens or encumbrances superior to, or of equal priority with, the related
Mortgage, other than Permitted Encumbrances, and such Ground Lease provides that
it shall remain superior to any mortgage or other lien upon the related Fee
Interest;

            (c) The Borrower's interest in such Ground Lease is assignable to,
and is thereafter further assignable by, the Purchaser upon notice to, but
without the consent of, the lessor thereunder (or, if such consent is required,
it has been obtained); provided that such Ground Lease has not been terminated
and all defaults, if any, on the part of the related lessee have been cured;

            (d) Such Ground Lease is in full force and effect, and the Seller
has not received actual notice that any material default or any delinquent
rental payment has occurred under such Ground Lease;

            (e) Such Ground Lease requires the lessor thereunder to give notice
of any default by the lessee to the mortgagee under such Mortgage Loan.
Furthermore, such Ground Lease further provides that no notice of termination
given under such Ground Lease is effective against the mortgagee under such
Mortgage Loan unless a copy has been delivered to such mortgagee in the manner
described in such Ground Lease;

            (f) The mortgagee under such Mortgage Loan is permitted a reasonable
opportunity (including, where necessary, sufficient time to gain possession of
the interest of the lessee under such Ground Lease) to cure any default under
such Ground Lease, which is curable after the receipt of notice of any such
default, before the lessor thereunder may terminate such Ground Lease;

            (g) Such Ground Lease has an original term (or an original term plus
options exercisable by the holder of the related Mortgage) which extends not
less than twenty (20) years beyond the end of the amortization term of such
Mortgage Loan;

            (h) Such Ground Lease requires the lessor to enter into a new lease
with the mortgagee under such Mortgage Loan upon termination of such Ground
Lease as a result of a rejection of such Ground Lease in a bankruptcy proceeding
involving the related Borrower unless the mortgagee under such Mortgage Loan
fails to cure a default of the lessee under such Ground Lease following notice
thereof from the lessor;

            (i) Under the terms of such Ground Lease and the related Mortgage
Loan Documents, taken together, any casualty insurance proceeds, other than de
minimis amounts for minor casualties, with respect to the leasehold interest
will be applied either: (i) to the repair or restoration of all or part of the
related Mortgaged Property, with the mortgagee under such Mortgage Loan or a
trustee appointed by it having the right to hold and disburse such proceeds as
the repair or restoration progresses (except in such cases where a provision
entitling another party to hold and disburse such proceeds would not be viewed
as commercially unreasonable by a prudent commercial or multifamily mortgage
lender), or (ii) to the payment of the outstanding principal balance of the
Mortgage Loan together with any accrued interest thereon. Under the terms of
such Ground Lease and the related Mortgage Loan Documents, taken together, any
condemnation proceeds or awards in respect of a total or substantially total
taking will be applied first to the payment of the outstanding principal and
interest on the Mortgage Loan (except as otherwise provided by applicable law)
and subject to any rights to require the improvements to be rebuilt;

            (j) Such Ground Lease does not impose any restrictions on subletting
which would be viewed as commercially unreasonable by a prudent commercial or
multifamily mortgage lender in the lending area where the related Mortgaged
Property is located at the time of the origination of such Mortgage Loan;

            (k) The lessor under such Ground Lease is not permitted under the
terms thereof, in the absence of an uncured default (after notice to the
mortgagee under such Mortgage Loan and the expiration of the applicable cure
period), to disturb the possession, interest or quiet enjoyment of the lessee in
the relevant portion of the Mortgaged Property subject to such Ground Lease for
any reason, or in any manner, which would materially adversely affect the
security provided by the related Mortgage; and

            (l) Such Ground Lease provides that it may not be amended or
modified without the prior consent of the mortgagee under such Mortgage Loan and
that any such action without such consent is not binding on such mortgagee, its
successors or assigns.

            19. Qualified Mortgage. Such Mortgage Loan is a "qualified mortgage"
within the meaning of Section 860G(a)(3) of the Code (but without regard to the
rule in Treasury Regulation Section 1.860G-2(f)(2) that treats a defective
obligation as a qualified mortgage), and the related Mortgaged Property, if
acquired by a REMIC in connection with the default or imminent default of such
Mortgage Loan, would constitute "foreclosure property" within the meaning of
Section 860G(a)(8) of the Code.

            20. Advancement of Funds. The Seller has not (nor, to the Seller's
knowledge, has any prior holder of such Mortgage Loan) advanced funds, or
induced, solicited or knowingly received any advance of funds from a party other
than the owner of the related Mortgaged Property (or a tenant at or the property
manager of the related Mortgaged Property), for the payment of any amount
required by such Mortgage Loan, except for interest accruing from the date of
origination of such Mortgage Loan or the date of disbursement of the Mortgage
Loan proceeds, whichever is later, to the date which preceded by 30 days the
first due date under the related Mortgage Note.

            21. No Equity Interest, Equity Participation or Contingent Interest.
No Mortgage Loan contains any equity participation by the mortgagee thereunder,
is convertible by its terms into an equity ownership interest in the related
Mortgaged Property or the related Borrower, has a shared appreciation feature,
provides for any contingent or additional interest in the form of participation
in the cash flow of the related Mortgaged Property, or, except as identified on
Schedule C-1, provides for interest-only payments without principal amortization
for more than six months or for the negative amortization of interest, except
that, in the case of an ARD Loan, such Mortgage Loan provides that, during the
period commencing on or about the related Anticipated Repayment Date and
continuing until such Mortgage Loan is paid in full, (a) additional interest
shall accrue, may be compounded monthly and shall be payable only after the
outstanding principal of such Mortgage Loan is paid in full, and (b) a portion
of the cash flow generated by such Mortgaged Property will be applied each month
to pay down the principal balance thereof in addition to the principal portion
of the related Monthly Payment. Neither the Seller nor any affiliate thereof has
any obligation to make any capital contribution to the Borrower under the
Mortgage Loan or otherwise.

            22. Legal Proceedings. To the Seller's knowledge, as of origination
of the Mortgage Loan, there were no, and to the Seller's knowledge, as of the
date hereof, there are no, pending actions, suits, litigation or other
proceedings by or before any court or governmental authority against or
affecting the Borrower (or any guarantor to the extent a reasonably prudent
commercial or multifamily, as applicable, mortgage lender would consider such
guarantor material to the underwriting of such Mortgage Loan) under such
Mortgage Loan or the related Mortgaged Property that, if determined adversely to
such Borrower, guarantor or Mortgaged Property, would materially and adversely
affect the value of the Mortgaged Property as security for such Mortgage Loan,
the Borrower's ability to pay principal, interest or any other amounts due under
such Mortgage Loan or the ability of any such guarantor to meet its obligations.

            23. Other Mortgage Liens. Except for Mortgage Loans secured by
residential cooperative properties and except as otherwise set forth on Schedule
C-1, none of the Mortgage Loans permit the related Mortgaged Property or any
direct controlling equity interest in the related Borrower to be encumbered by
any mortgage lien or, in the case of a direct controlling equity interest in the
related Borrower, a lien to secure any other debt (other than in the case of an
A Loan, as to which the related Mortgaged Property also secures the related B
Loan), without the prior written consent of the holder of the subject Mortgage
Loan or the satisfaction of debt service coverage or similar criteria specified
therein. To the Seller's knowledge, as of origination of the subject Mortgage
Loan and as of the date hereof, except as otherwise set forth on Schedule C-1,
and except for liens securing other Mortgage Loans, no Mortgaged Property
securing the subject Mortgage Loan was or is encumbered by any other mortgage
liens (other than Permitted Encumbrances and other than in the case of an A
Loan, as to which the related Mortgaged Property also secures the related B
Loan) and no direct controlling equity interest in the related Borrower was or
is encumbered by a lien to secure any other debt. The related Mortgage Loan
Documents require the Borrower under each Mortgage Loan to pay all reasonable
costs and expenses related to any required consent to an encumbrance, including
reasonable legal fees and expenses and any applicable Rating Agency fees, or
would permit the subject mortgagee to withhold such consent if such costs and
expenses are not paid by a party other than such mortgagee.

            24. No Mechanics' Liens. To the Seller's knowledge, as of the
origination of the Mortgage Loan and as of the date hereof: (i) each Mortgaged
Property securing a Mortgage Loan (exclusive of any related personal property)
was and is free and clear of any and all mechanics' and materialmen's liens that
are prior or equal to the lien of the related Mortgage and that are not bonded
or escrowed for or covered by title insurance, and (ii) no rights were or are
outstanding that under law could give rise to any such lien that would be prior
or equal to the lien of the related Mortgage and that is not bonded or escrowed
for or covered by title insurance.

            25. Compliance with Usury Laws. Each Mortgage Loan complied with, or
was exempt from, all applicable usury laws in effect at its date of origination.

            26. Licenses and Permits. To the extent required by applicable law,
each Mortgage Loan requires the related Borrower to be qualified to do business,
and requires the related Borrower and the related Mortgaged Property to be in
material compliance with all regulations, licenses, permits, authorizations,
restrictive covenants and zoning and building laws, in each case to the extent
required by law or to the extent that the failure to be so qualified or in
compliance would have a material and adverse effect upon the enforceability of
the Mortgage Loan or upon the practical realization against the related
Mortgaged Property of the principal benefits of the security intended to be
provided thereby. To the Seller's knowledge, as of the date of origination of
each Mortgage Loan and based on any of: (i) a letter from governmental
authorities, (ii) a legal opinion, (iii) an endorsement to the related Title
Policy, (iv) a representation of the related Borrower at the time of origination
of such Mortgage Loan, (v) a zoning report from a zoning consultant, or (vi)
other due diligence that a reasonably prudent commercial or multifamily mortgage
lender would customarily perform in the origination of comparable mortgage
loans, the related Borrower was in possession of all material licenses, permits
and franchises required by applicable law for the ownership and operation of the
related Mortgaged Property as it was then operated or such material licenses,
permits and franchises have otherwise been issued.

            27. Cross-Collateralization. No Mortgage Loan is
cross-collateralized with any loan which is outside the Mortgage Pool. With
respect to any group of cross-collateralized Mortgage Loans, the sum of the
amounts of the respective Mortgages recorded on the related Mortgaged Properties
with respect to such Mortgage Loans is at least equal to the total amount of
such Mortgage Loans.

            28. Releases of Mortgaged Properties. Except as set forth on
Schedule C-1, no Mortgage Note or Mortgage requires the mortgagee to release all
or any material portion of the related Mortgaged Property from the lien of the
related Mortgage except upon: (i) payment in full of all amounts due under the
related Mortgage Loan or (ii) delivery of "government securities" within the
meaning of Treas. Reg. Section 1.860G-2(a)(8)(i) in connection with a defeasance
of the related Mortgage Loan; provided that the Mortgage Loans that are
Cross-Collateralized Mortgage Loans, and the other individual Mortgage Loans
secured by multiple parcels, may require the respective mortgagee(s) to grant
releases of material portions of the related Mortgaged Property or the release
of one or more related Mortgaged Properties upon: (i) the satisfaction of
certain legal and underwriting requirements, (ii) the payment of a release price
(in an amount that is, except as otherwise set forth on Schedule C-1, at least
equal to 125% of the allocated loan amount for the released property or parcel)
and prepayment consideration in connection therewith or (iii) the delivery of
substitute real estate collateral. No release or partial release of any
Mortgaged Property, or any portion thereof, expressly permitted pursuant to the
terms of any Mortgage Note or Mortgage would constitute a significant
modification of the related Mortgage Loan under Treas. Reg. Section
1.860G-2(b)(2). Notwithstanding the foregoing, any Mortgage Loan may permit the
unconditional release of one or more unimproved parcels of land to which the
Seller did not give any material value in its underwriting of such Mortgage
Loan.

            29. Defeasance. With respect to any Mortgage Loan that contains a
provision for any defeasance of mortgage collateral (a "Defeasance Loan"), the
related Mortgage Note or Mortgage provides that the defeasance option is not
exercisable prior to a date that is at least two (2) years following the Closing
Date and is otherwise in compliance with applicable statutes, rules and
regulations governing REMICs; requires prior written notice to the holder of the
Mortgage Loan of the exercise of the defeasance option and payment by the
Borrower of all related reasonable fees, costs and expenses as set forth below;
if the Borrower would continue to own assets in addition to the defeasance
collateral, requires, or permits the lender to require, the Mortgage Loan (or
the portion thereof being defeased) to be assumed by a single-purpose entity;
and requires counsel to provide a legal opinion that the Trustee has a perfected
security interest in the defeasance collateral prior to any other claim or
interest. In addition, each Mortgage Loan that is a Defeasance Loan permits
defeasance only with substitute collateral constituting "government securities"
within the meaning of Treas. Reg. Section 1.860G-2(a)(8)(i) in an amount
sufficient to make all scheduled payments under the Mortgage Note (or the
portion thereof being defeased) when due, and in the case of ARD Loans, assuming
the Anticipated Repayment Date is the Maturity Date. To the Seller's knowledge,
defeasance under the Mortgage Loan is only for the purpose of facilitating the
disposition of a Mortgaged Property and not as part of an arrangement to
collateralize a REMIC offering with obligations that are not real estate
mortgages. With respect to each Defeasance Loan, the related Mortgage Loan
Documents provide that the related Borrower shall (a) pay all Rating Agency fees
associated with defeasance (if rating confirmation is a specific condition
precedent thereto) and all other reasonable expenses associated with defeasance,
including, but not limited to, accountant's fees and opinions of counsel, or (b)
provide all opinions required under the related Mortgage Loan Documents,
including, if applicable, a REMIC opinion and a perfection opinion and any
applicable rating agency letters confirming no downgrade or qualification of
ratings on any classes in the transaction. Additionally, for any Mortgage Loan
having a Cut-off Date Principal Balance equal to or greater than $19,900,000,
the Mortgage Loan or the related documents require confirmation from the Rating
Agency that exercise of the defeasance option will not cause a downgrade or
withdrawal of the rating assigned to any securities backed by the Mortgage Loan
and require the Borrower to pay any Rating Agency fees and expenses in
connection with defeasance.

            30. Fixed Rate Loans. Each Mortgage Loan bears interest at a rate
that remains fixed throughout the remaining term of such Mortgage Loan, except
in the case of an ARD Loan after its Anticipated Repayment Date and except for
the imposition of a default rate.

            31. Inspection. The Seller, an affiliate of the Seller, or a
correspondent in the conduit lending program of the Seller, inspected, or caused
the inspection of, each Mortgaged Property securing a Mortgage Loan within the
preceding twelve (12) months.

            32. No Material Default. To the Seller's knowledge, there exists no
material default, breach, violation or event of acceleration (and, to the
Seller's knowledge, there is no event, other than payments due but not yet 30
days' delinquent, that, with the passage of time or the giving of notice, or
both, would constitute a material default, breach, violation or event of
acceleration) under the Mortgage Note or Mortgage for any Mortgage Loan;
provided, however, that this representation and warranty does not cover any
default, breach, violation or event of acceleration that specifically pertains
to or arises out of the subject matter otherwise covered by any other
representation and warranty made by the Seller in this Exhibit C.

            33. Due-on-Sale. The Mortgage for each Mortgage Loan contains a
"due-on-sale" clause, which provides for the acceleration of the payment of the
unpaid principal balance of such Mortgage Loan if, without the prior written
consent of the holder of such Mortgage, either the related Mortgaged Property
or, except as set forth in Schedule C-1 hereto, any direct controlling equity
interest in the related Borrower, is transferred or sold, other than by reason
of: (i) if the related Mortgaged Property is a residential cooperative property,
transfers of stock of the Borrower in connection with the assignment of a
proprietary lease for a unit in the related Mortgaged Property by a
tenant-shareholder of the Borrower to other persons who by virtue of such
transfers become tenant-shareholders in the Borrower; and (ii) in the case of
other types of Mortgaged Properties, family or estate planning transfers,
transfers of less than a controlling interest in the Borrower, transfers of
shares in public companies, issuance of non-controlling new equity interests,
transfers to an affiliate meeting the requirements of the Mortgage Loan,
transfers among existing members, partners or shareholders in the Borrower,
transfers among affiliated Borrowers with respect to cross-collateralized
Mortgaged Loans or multi-property Mortgage Loans, transfers among co-Borrowers
or transfers of a similar nature to the foregoing meeting the requirements of
the Mortgage Loan. The related Mortgage Loan Documents require the Borrower
under each Mortgage Loan to pay all reasonable fees and expenses associated with
securing the consent or approval of the holder of the related Mortgage for all
actions pertaining to such "due-on-sale" clause (including an assumption of the
Mortgage Loan) requiring such consent or approval under the related Mortgage,
including the cost of counsel opinions relating to REMIC or other securitization
and tax issues, or require the payment of a specified fee or fees, including,
except as described on Schedule C-1 hereto, an assumption fee that may or may
not be applied to pay such fees and expenses.

            34. Single Purpose Entity. Except for Mortgage Loans secured by
residential cooperative properties, each Mortgage Loan with an original
principal balance over $5,000,000.00 requires the related Borrower to be, at
least for so long as the Mortgage Loan is outstanding, and to the Seller's
knowledge, the related Borrower is, a Single-Purpose Entity. For this purpose,
"Single-Purpose Entity" means a person, other than an individual, which is
formed or organized solely for the purpose of owning and operating the related
Mortgaged Property or Properties; which does not engage in any business
unrelated to such Mortgaged Property or Properties and the financing thereof;
and whose organizational documents provide, or which entity represented and
covenanted in the related Mortgage Loan Documents, substantially to the effect
that such Borrower (i) does not and will not have any material assets other than
those related to its interest in such Mortgaged Property or Properties or the
financing thereof; (ii) does not and will not have any indebtedness other than
as permitted by the related Mortgage or other related Mortgage Loan Documents;
(iii) maintains its own books, records and accounts, in each case which are
separate and apart from the books, records and accounts of any other person; and
(iv) holds itself out as being a legal entity, separate and apart from any other
person. In addition, with respect to each Mortgage Loan with a Cut-off Date
Principal Balance of $20,000,000 or more, (a) the related Borrower's
organizational documents provide substantially to the effect that the Borrower
shall: conduct business in its own name; not guarantee or assume the debts or
obligations of any other person; not commingle its assets or funds with those of
any other person; prepare separate tax returns and financial statements, or if
part of a consolidated group, be shown as a separate member of such group;
transact business with affiliates on an arm's length basis; hold itself out as
being a legal entity, separate and apart from any other person; (b) such
organizational documents further provide substantially to the effect that: any
dissolution and winding up or insolvency filing for such entity is prohibited or
requires the consent of an independent director or member or the unanimous
consent of all partners, directors or members, as applicable; (c) such documents
may not be amended with respect to the Single-Purpose Entity requirements
without the approval of the mortgagee or Rating Agencies; and (d) the Borrower
shall have an outside independent director or member. The Seller has obtained,
with respect to each Mortgage Loan having a Cut-off Date Principal Balance of
$20,000,000 or more, in connection with its origination or acquisition thereof,
a counsel's opinion regarding non-consolidation of the Borrower in any
insolvency proceeding involving any other party. To the Seller's knowledge,
except with respect to Mortgage Loans secured by residential cooperative
properties, each Borrower has fully complied with the requirements of the
related Mortgage Note and Mortgage and the Borrower's organizational documents
regarding Single-Purpose Entity status. The organization documents of any
Borrower on a Mortgage Loan having a Cut-off Date Principal Balance of
$20,000,000 or more that is a single member limited liability company, provide
that the Borrower shall not dissolve or liquidate upon the bankruptcy,
dissolution, liquidation or death of the sole member. Any such single member
limited liability company Borrower is organized in jurisdictions that provide
for such continued existence, and the Seller has obtained, in connection with
its origination or acquisition of the subject Mortgage Loan, an opinion of such
Borrower's counsel confirming such continued existence and that the applicable
law provides that creditors of the single member may only attach the assets of
the member including the membership interests in the Borrower but not the assets
of the Borrower.

            35. Whole Loan. Each Mortgage Loan is a whole loan and not a
participation interest in a mortgage loan.

            36. Tax Parcels. Each Mortgaged Property constitutes one or more
complete separate tax lots containing no other property, or is subject to an
endorsement under the related Title Policy insuring same, or an application for
the creation of separate tax lots complying in all respects with the applicable
laws and requirements of the applicable governing authority has been made and
approved by the applicable governing authority and such separate tax lots shall
be effective for the next tax year.

            37. ARD Loans. Except as described on Schedule C-1, each Mortgage
Loan which is an ARD Loan commenced amortizing on its initial scheduled Due
Date, and provides that: (i) its Mortgage Rate will increase by at least two (2)
percentage points in connection with the passage of its Anticipated Repayment
Date; (ii) its Anticipated Repayment Date is not less than seven (7) years
following the origination of such Mortgage Loan; (iii) no later than the related
Anticipated Repayment Date, the related Borrower is required (if it has not
previously done so) to enter into a "lockbox agreement" whereby all revenue from
the related Mortgaged Property shall be deposited directly into a designated
account controlled by the Master Servicer; and (iv) any net cash flow from the
related Mortgaged Property that is applied to amortize such Mortgage Loan
following its Anticipated Repayment Date shall, to the extent such net cash flow
is in excess of the scheduled principal and interest payment payable therefrom,
be net of budgeted and discretionary (servicer approved) capital expenditures.

            38. Security Interests. Subject to the exceptions set forth in
Paragraph 13 above, the security agreements, financing statements or other
instruments, if any, related to the Mortgage Loan establish and create, and a
UCC financing statement has been filed and/or recorded in all places required by
applicable law for the perfection of (to the extent that the filing of such a
UCC financing statement can perfect such a security interest), a valid security
interest in the personal property granted under such Mortgage (and any related
security agreement or instrument), which in all cases includes elevators, if
any, and all Borrower-owned furniture, fixtures and equipment material to the
operation and use of the Mortgaged Property as presently operated, and if such
Mortgaged Property is a hotel operated by the related Borrower, then such
personal property constitutes such portion of the material personal property
required to operate the Borrower's business as the Seller considered appropriate
in light of its underwriting standards; any security agreement, chattel mortgage
or equivalent document related to and delivered in connection with the Mortgage
Loan establishes and creates a valid and enforceable lien and security interest
on the collateral described therein (subject to the exceptions set forth in
Paragraph 13 above), which lien/security interest shall, in the case of (i)
elevators at all Mortgaged Properties having the same and (ii) all
Borrower-owned furniture, fixtures and equipment at Borrower operated hotel
properties, be a first priority lien/security interest except for certain
personal property subject to purchase money security interests and personal
property leases. In the case of any Mortgage Loan secured by a hotel, the
related loan documents contain such provisions as are necessary and UCC
Financing Statements have been filed as necessary, in each case, to perfect a
valid first priority security interest in the related revenues with respect to
such Mortgaged Property (to the extent that such security interest can be
perfected by the filing of such UCC Financing Statements). The Purchaser or
Trustee or a designee thereof is authorized to file an assignment of each UCC
financing statement relating to the Mortgage Loan in the filing office in which
such financing statement was filed. Each Mortgage Loan and the related Mortgage
(along with any security agreement and UCC financing statement), together with
applicable state law, contain customary and enforceable provisions (subject to
the exceptions set forth in Paragraph 13 above) such as to render the rights and
remedies of the holders thereof adequate for the practical realization against
the personal property collateral described above of the principal benefits of
the security intended to be provided thereby.

            39. Disclosure to Environmental Insurer and Other Matters. If the
Mortgaged Property securing any Mortgage Loan is covered by a secured creditor
impairment environmental insurance policy, then the Seller:

            (a) has disclosed, or is aware that there has been disclosed, in the
application for such policy or otherwise to the insurer under such policy the
"pollution conditions" (as defined in such policy) identified in any
environmental reports related to such Mortgaged Property which are in the
Seller's possession or are otherwise known to the Seller; or

            (b) has delivered or caused to be delivered to the insurer under
such policy copies of all environmental reports in the Seller's possession
related to such Mortgaged Property;

in each case to the extent required by such policy or to the extent the failure
to make any such disclosure or deliver any such report would materially and
adversely affect the Purchaser's ability to recover under such policy. If the
Mortgaged Property securing any Mortgage Loan is covered by a secured creditor
impairment environmental insurance policy, then: (x) all premiums for such
insurance have been paid; (y) such insurance is in full force and effect; and
(z) (i) an environmental report, a property condition report or an engineering
report was prepared that included an assessment for lead based paint ("LBP") (in
the case of a multifamily property built prior to 1978), asbestos containing
materials ("ACM") (in the case of any property built prior to 1981) and radon
gas ("RG") (in the case of a multifamily property) at such Mortgaged Property
and (ii) if such report disclosed the existence of a material and adverse LBP,
ACM or RG environmental condition or circumstance affecting such Mortgaged
Property, then (A) the related Borrower was required to remediate such condition
or circumstance prior to the closing of the subject Mortgage Loan, or (B) the
related Borrower was required to provide additional security reasonably
estimated to be adequate to cure such condition or circumstance, or (C) the
related Mortgage Loan documents require the related Borrower to establish an
operations and maintenance plan with respect to such condition or circumstance
after the closing of such Mortgage Loan. If the Mortgage Loan is listed on
Schedule C-1 and the environmental insurance for such Mortgage Loan is not a
secured creditor impairment environmental insurance policy but was required to
be obtained by the Borrower, then the holder of the Mortgage Loan is entitled to
be an additional insured under such policy, all premiums have been paid, such
insurance is in full force and effect and, to the Seller's knowledge, the
Borrower has made the disclosures and complied with the requirements of clauses
(a) and (b) of this Paragraph 39.

            40. Prepayment Premiums and Yield Maintenance Charges. Prepayment
Premiums and Yield Maintenance Charges payable with respect to each Mortgage
Loan, if any, constitute "customary prepayment penalties" within meaning of
Treas. Reg. Section 1.860G-1(b)(2).

            41. Operating Statements. Except for Mortgage Loans secured by
residential cooperative properties and Mortgage Loans with an initial principal
balance less than $3,000,000, either of which may only require annual financial
statements, each Mortgage Loan requires the Borrower, in some cases only at the
request of the holder of the related Mortgage, to provide the owner or holder of
the related Mortgage with at least quarterly and annual operating statements,
rent rolls (if there is more than one tenant) and related information and annual
financial statements, which annual financial statements with respect to each
Mortgage Loan with an original principal balance greater than $20 million shall
be audited (or prepared and certified) by an independent certified public
accountant upon the request of the holder of the related Mortgage.

            42. Servicing Rights. Except as provided in the Pooling and
Servicing Agreement, any permitted subservicing agreements and servicing rights
purchase agreements pertaining thereto, no Person has been granted or conveyed
the right to service any Mortgage Loan or receive any consideration in
connection therewith.

            43. Recourse. Other than Mortgage Loans which are secured by
residential cooperative properties (such Mortgage Loans being full recourse
loans to the related Borrower), each Mortgage Loan is non-recourse; provided
that, except as described on Schedule C-1 or for Mortgage Loans with a Cut-off
Date Principal Balance of less than $5,000,000, the Borrower and either a
principal of the Borrower or other individual (i.e. natural person) guarantor,
with assets other than any interest in the Borrower, is liable in the event of
(i) fraud or material intentional misrepresentation, (ii) misapplication or
misappropriation of rents, insurance payments, condemnation awards or tenant
security deposits, (iii) violation of applicable environmental laws or breaches
of environmental covenants or (iv) the filing of a voluntary bankruptcy or
insolvency proceeding by the Borrower; and provided, further, that, with respect
to clause (iii) of the preceding proviso, an indemnification against losses
related to such violations or environmental insurance shall satisfy such
requirement. No waiver of liability for such non-recourse exceptions has been
granted to the Borrower or any such guarantor or principal by the Seller or
anyone acting on behalf of the Seller.

            44. Assignment of Collateral. There is no material collateral
securing any Mortgage Loan that is not being assigned to the Purchaser.

            45. Fee Simple or Leasehold Interests. The interest of the related
Borrower in the Mortgaged Property securing each Mortgage Loan includes a fee
simple and/or leasehold estate or interest in real property and the improvements
thereon.

            46. Servicing. The servicing and collection practices used with
respect to each Mortgage Loan in all material respects have met customary
standards utilized by prudent commercial or multifamily mortgage loan servicers
with respect to whole loans.

            47. Originator's Authorization To Do Business. To the extent
required under applicable law, as of the Mortgage Loan's funding date and at all
times when it held such Mortgage Loan, the originator of each Mortgage Loan was
authorized to do business in the jurisdiction in which the related Mortgaged
Property is located, except where the failure to be so authorized does not
adversely affect the enforceability of such Mortgage Loan.

            48. No Fraud In Origination. In the origination of the Mortgage
Loan, neither the originator nor any employee or agent of the Seller or the
originator, participated in any fraud or intentional material misrepresentation
with respect to the Borrower, the Mortgaged Property or any guarantor. To the
Seller's knowledge, no Borrower is guilty of defrauding or making an intentional
material misrepresentation to the Seller or originator with respect to the
origination of the Mortgage Loan, the Borrower or the Mortgaged Property.

            49. Appraisal. In connection with its origination or acquisition of
each Mortgage Loan, the Seller obtained an appraisal of the related Mortgaged
Property, which appraisal was signed by an appraiser, who, to the Seller's
knowledge, had no interest, direct or indirect, in the Borrower, the Mortgaged
Property or in any loan made on the security of the Mortgaged Property, and
whose compensation was not affected by the approval or disapproval of the
Mortgage Loan; to the Seller's knowledge, the appraisal and appraiser both
satisfied the requirements of the "Uniform Standards of Professional Appraisal
Practice" as adopted by the Appraisal Standards Board of the Appraisal
Foundation, all as in effect on the date the Mortgage Loan was originated.

            50. Jurisdiction of Organization. Each Borrower under a Mortgage
Loan was organized under the laws of the United States or the laws of a
jurisdiction located within the United States, its territories and possessions.

            51. Borrower Concentration. Except as otherwise specified on
Schedule C-1, no single Borrower or group of affiliated Borrowers is/are the
obligor(s) under any one or more Mortgage Loans with a Cut-off Date Principal
Balance of $50,000,000 or more.

            52. Escrows. All escrow deposits (including capital improvements and
environmental remediation reserves) relating to any Mortgage Loan that were
required to be delivered to the lender under the terms of the related Mortgage
Loan Documents have been received and, to the extent of any remaining balances
of such escrow deposits, are in the possession or under the control of the
Seller or its agents (which shall include the Master Servicer). All such escrow
deposits which are required for the administration and servicing of such
Mortgage Loan are being conveyed hereunder to the Purchaser.

            53. Access. The Mortgaged Property securing each Mortgage Loan is
located on or adjacent to a public road or has access to an irrevocable easement
permitting ingress and egress.

<PAGE>

                                  Schedule C-1

           Exceptions to Mortgage Loan Representations and Warranties

            Reference is made to the Representations and Warranties set forth in
Exhibit C corresponding to the numbers set forth below:

Exception to representation (6)

Each of following Mortgage Loans was amended subsequent to the later of January
23, 2007 and its respective date of origination: Savoy Park, CVI Multifamily
Apartment Portfolio, 717 North Harwood Street, Mansions Portfolio and Plymouth
Corp. Center.

Exception to representation (12)

Each of the following Mortgaged Properties is covered by an Environmental
Insurance Policy which was obtained by the related Mortgage Loan Seller in lieu
of a Phase I Environmental Assessment: 1025 Ocean Ave Apartments, CVS--Naples
FL, Encino Shoppes, LLC, 37th Street, 90 Good Drive, Trinity Oaks, 80 Windward
Ave, Arbors Apartments, CVS New Port Richey, Worthington Apartments, Cades
Center, Springwood Apts SC, Windward Plaza, Tabernacle Towers, North Fork
Crossing, 7th & Orange Avenue, Palisades Retail, Twin Pines Apartments, U Store,
Harbour Bend Office, North Highland Shopping Center, Rufe Snow Plaza, Security
Storage Tuscaloosa, Stewart Place, Harrington Woods MHP, 48-19 Vernon Boulevard,
Sagemont Plaza, Worthington Professional Building, 1021 National Road, Westside
Market Place and Market Place Shopping Center.

Exception to representation (18)(a)

City Place - The related Mortgage Loan encumbers the leasehold interest in the
related Mortgaged Property together with a reversionary interest under the
related Ground Lease. However, such reversionary interest is only with respect
to a small portion of the leasehold premises. In addition, the use of the
premises is restricted by those set forth the Ground Lease.

Exception to representation (18)(i)

City Place - Under the related Ground Lease, insurance proceeds or condemnation
awards with respect to the Mortgaged Property (including proceeds or awards
received in connection with a total or substantially total loss or taking) are
required to be deposited with the mortgage lender or its trustee only if such
proceeds or awards are in excess of $1,000,000; otherwise such proceeds will be
distributed to the ground lessee.

Exception to representation (18)(j)

Savoy Park - The related Ground Leases are silent as to subletting, but
assignment is allowed without the lessor's consent upon satisfaction of the
following conditions: (a) no default exists under the related Mortgage Loan
Documents, (b) no casualty, reconstruction or complete repair of the related
Mortgaged Property has occurred and (c) the assignee has delivered a recordable
assumption agreement.

Exception to representation (18)(l)

City Place - Pursuant to the buyout schedule set forth in the related Ground
Lease, the Borrower has the right to convert its leasehold interest in the
related Mortgaged Property into a fee interest.

Syracuse Office Portfolio - The lessor of the related Ground Lease has not
agreed in writing that the Ground Lease may not be amended or terminated without
the prior written consent of the mortgage lender. However, such an amendment is
an event of default under the related loan agreement and will allow the mortgage
lender to foreclose on the fee interest.

Exceptions to representation (33)

Trident Center - The related Mortgage Loan Documents permit the sale or
conveyance of the related Mortgaged Property to a Qualified Equityholder (as
defined in the related Mortgage Loan Documents) upon satisfaction of certain
conditions set forth therein, including without limitation: (A) no event of
default is continuing, (B) the transferred property will be managed by a
qualified manager following such transfer and (C) the buyer of the related
Mortgaged Property assumes and agrees to pay the Mortgage Loan.

Chandler Heights Marketplace - The related Mortgage Loan Documents permit,
Passco Chandler Heights, S, LLC, one of the sponsor tenants-in-common ("TIC"),
to transfer 100% of its ownership interest in the related Mortgaged Property to
up to 35 separate TICs; provided that each TIC must be formed as a single
purpose bankruptcy remote entity, and at the time of acquisition of such
interest, must have at least $150,000 cash equity in the Mortgaged Property.
Contemporaneously with origination of the Mortgage Loan, the Borrower obtained a
full subscription by conveying the Mortgaged Property to up to 35 TICs.
Additionally, the ownership interests held by no more than six of the TICs may
be transferred during each calendar year to separate single purpose bankruptcy
remote entities satisfying all applicable requirements of the related Mortgage
Lender.

Exception to representation (36)

Centre Green Square at Whitehall - The related Mortgaged Property does not
constitute a complete separate tax lot. However, the related Borrower has
applied to the applicable governing authority for the creation of a separate tax
lot.

Exceptions to representation (43)

Chandler Heights Marketplace - The relative liability of each TIC
investor/sponsor and its associated indemnitor is based upon such TIC
investor's/sponsor's or indemnitor's responsibility for the misapplication,
violation or fraud committed, such that for any particular event or
circumstance, it is likely certain TICs will be liable, while others will not be
liable.

With respect to each of the following Mortgage Loans, the related Mortgage Loan
Documents do not provide for liability of a principal of the Borrower or other
individual guarantor to be liable in the event of (i) fraud or material
intentional misrepresentation, (ii) misapplication or misappropriation of rents,
insurance payments, condemnation awards or tenant security deposits or (iii) the
filing of a voluntary bankruptcy or insolvency proceeding by the Borrower: Savoy
Park, City Place, HGA Portfolio, Trident Center, 20 S Clark, The Shoreham Hotel,
Memphis International Airport Center, Lake Worth Gardens.

With respect to each of the following Mortgage Loans, the related Mortgage Loan
Documents do not provide for liability of a principal of the Borrower or other
individual guarantor to be liable in the event of a violation of applicable
environmental laws or breaches of environmental covenants: Savoy Park, City
Place, HGA Portfolio, Trident Center, 20 S Clark, The Shoreham Hotel, Memphis
International Airport Center, Lake Worth Gardens.

<PAGE>

                                   Exhibit D-1

  Form of Certificate of the Secretary or an Assistant Secretary of the Seller

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
          COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-C1

         CERTIFICATE OF [ASSISTANT] SECRETARY OF COLUMN FINANCIAL, INC.

            I, _________________, hereby certify that I am a duly appointed
________________ Secretary of Column Financial, Inc. (the "Corporation"), a
Delaware corporation, and further certify on behalf of the Corporation as
follows:

            1. Attached hereto as Exhibit A are true and correct copies of the
      Certificate of Incorporation and By-Laws of the Corporation, which
      Certificate of Incorporation and By-Laws are, on the date hereof, and have
      been at all times since the formation of the Corporation, in full force
      and effect.

            2. Attached hereto as Exhibit B is a certificate of good standing of
      the Corporation issued by the Secretary of State of the State of Delaware
      within thirty (30) days of the date hereof, and no event (including,
      without limitation, any act or omission on the part of the Corporation)
      has occurred since the date thereof which has affected the good standing
      of the Corporation under the laws of the State of Delaware.

            3. The Board of Directors of the Corporation, by unanimous written
      consent dated __________, 20___ (the "Resolutions"), authorized, among
      other things, all actions necessary to consummate transactions of the type
      contemplated by the Mortgage Loan Purchase Agreement dated as of March 1,
      2007 (the "Mortgage Loan Purchase Agreement"), between the Corporation and
      Credit Suisse First Boston Mortgage Securities Corp., and to execute and
      deliver documents and/or instruments such as the Mortgage Loan Purchase
      Agreement and the Indemnification Agreement referred to therein. Attached
      hereto as Exhibit C is a true and correct copy of such Resolutions. The
      Resolutions have not been amended, modified, annulled or revoked since
      they were adopted, and are in full force and effect as of the date hereof,
      and the instruments authorized in the Resolutions were executed pursuant
      thereto and in compliance therewith.

            4. Each person listed below is and has been the duly elected and
      qualified officer or authorized signatory of the Corporation and his
      genuine signature is set forth opposite his name.

                    Name             Office               Signature

            Jeffrey A. Altabef   Vice President    _______________________

            Reese Mason          Vice President    _______________________

            Capitalized terms used but not defined herein shall have the
meanings assigned to such terms in the Mortgage Loan Purchase Agreement.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

            IN WITNESS WHEREOF, the undersigned has executed this certificate as
of March _____, 2007.

                                       By:____________________________________
                                          Name:
                                          Title: [Assistant] Secretary

<PAGE>

                                    Exhibit A

       Certificate of Incorporation and By-laws of Column Financial, Inc.

                                 [see attached]

<PAGE>

                                    Exhibit B

             Certificate of Good Standing of Column Financial, Inc.

                                 [see attached]

<PAGE>

                                    Exhibit C

                      Resolutions of Column Financial, Inc.

                                 [see attached]

<PAGE>

                                   Exhibit D-2

                        Form of Certificate of the Seller

              CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
          COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-C1

                      CERTIFICATE OF COLUMN FINANCIAL, INC.

            In connection with the execution and delivery by Column Financial,
Inc. ("Column") of, and the consummation of the various transactions
contemplated by, that certain Mortgage Loan Purchase Agreement dated as of March
1, 2007 (the "Mortgage Loan Purchase Agreement"), between Credit Suisse First
Boston Mortgage Securities Corp. (the "Depositor"), as purchaser, and Column, as
seller, and that certain Indemnification Agreement dated as of March 1, 2007
(the "Indemnification Agreement" and, together with the Mortgage Loan Purchase
Agreement, the "Agreements"), between Column, the Depositor, Credit Suisse
Securities (USA) LLC (both in its capacity as an Underwriter and in its capacity
as Initial Purchaser) and the other Underwriters, the undersigned hereby
certifies on behalf of Column that (i) the representations and warranties of
Column in the Agreements are true and correct in all material respects at and as
of the date hereof (or, in the case of any particular representation or warranty
set forth in Exhibit C to the Mortgage Loan Purchase Agreement, as of such other
date provided for in such representation or warranty) with the same effect as if
made on the date hereof; provided, however, that in the case of the
representations and warranties set forth in Exhibit C to the Mortgage Loan
Purchase Agreement, such representations and warranties are subject to the
exceptions set forth in Schedule C-1 thereto and Section 19 thereof; and (ii)
Column has, in all material respects, complied with all the agreements and
satisfied all the conditions on its part required under the Mortgage Loan
Purchase Agreement to be performed or satisfied at or prior to the date hereof.
Capitalized terms used but not defined herein shall have the respective meanings
assigned to them in the Mortgage Loan Purchase Agreement.

            Certified this ___ day of March, 2007.

                                       COLUMN FINANCIAL, INC.

                                       By:____________________________________
                                          Name:
                                          Title:

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