Document:

Exhibit 4.10

EXECUTION VERSION

CO-LENDER
AGREEMENT 

Dated
as of May 17, 2018 

by and among

STARWOOD
MORTGAGE CAPITAL LLC 
(Initial Note A-1 Holder),

STARWOOD
MORTGAGE CAPITAL LLC 
(Initial Note A-2 Holder),

STARWOOD
MORTGAGE CAPITAL LLC 
(Initial Note A-3 Holder),

STARWOOD
MORTGAGE CAPITAL LLC 
(Initial Note A-4 Holder),

STARWOOD
MORTGAGE CAPITAL LLC 
(Initial Note A-5 Holder),

and

STARWOOD
MORTGAGE CAPITAL LLC 
(Initial Note A-6 Holder)

Playa
Largo

     

     

    
 

	TABLE
    OF CONTENTS
	 	 	 
	 	 	Page
	 	 	 
	 	 	 
	Section 1.	Definitions	2
	Section 2.	Servicing of the Mortgage Loan	18
	Section 3.	Priority of Payments	26
	Section 4.	Workout	27
	Section 5.	Administration of the Mortgage Loan	27
	Section 6.	Appointment of Controlling Note Holder Representative
    and Non-Controlling Note Holder Representative	32
	Section 7.	Appointment of Special Servicer	35
	Section 8.	Payment Procedure	36
	Section 9.	Limitation on Liability of the Note Holders	37
	Section 10.	Bankruptcy	37
	Section 11.	Representations of the Note Holders	38
	Section 12.	No Creation of a Partnership or Exclusive Purchase
    Right	38
	Section 13.	Other Business Activities of the Note Holders	38
	Section 14.	Sale of the Notes	39
	Section 15.	Registration of the Notes and Each Note Holder	41
	Section 16.	Governing Law; Waiver of Jury Trial	42
	Section 17.	Submission to Jurisdiction; Waivers	42
	Section 18.	Modifications	43
	Section 19.	Successors and Assigns; Third Party Beneficiaries	43
	Section 20.	Counterparts	43
	Section 21.	Captions	43
	Section 22.	Severability	44
	Section 23.	Entire Agreement	44
	Section 24.	Withholding Taxes	44
	Section 25.	Custody of Mortgage Loan Documents	45
	Section 26.	Cooperation in Securitization	45
	Section 27.	Notices	46
	Section 28.	Broker	46
	Section 29.	Certain Matters Affecting the Agent	47
	Section 30.	Termination and Resignation of Agent	47
	Section 31.	Resizing	48
	Section 32.	Statement of Intent	48

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THIS
CO-LENDER AGREEMENT (this “Agreement”), dated as of May 17, 2018 is by and between STARWOOD MORTGAGE
CAPITAL LLC, a Delaware limited liability company (“Starwood” and together with
its successors and assigns in interest, in its capacity as initial owner of the Note A-1, the “Initial Note A-1
Holder”, and in its capacity as the initial agent, the “Initial Agent”), STARWOOD MORTGAGE CAPITAL
LLC, a Delaware limited liability company (together with its successors and assigns in interest, in its capacity as initial owner
of the Note A-2, the “Initial Note A-2 Holder”), STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability
company (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-3, the “Initial
Note A-3 Holder”), STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company (together with its successors
and assigns in interest, in its capacity as initial owner of the Note A-4, the “Initial Note A-4 Holder”),
STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company (together with its successors and assigns in interest, in
its capacity as initial owner of the Note A-5, the “Initial Note A-5 Holder”), STARWOOD MORTGAGE CAPITAL
LLC, a Delaware limited liability company (together with its successors and assigns in interest, in its capacity as initial owner
of the Note A-6, the “Initial Note A-6 Holder” and, together with the Initial Note A-1 Holder, the Initial
Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note A-4 Holder and the Initial Note A-5 Holder, the “Initial
Note Holders”).

W
I T N E S S E T H:

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), Starwood Mortgage Capital LLC (“Original Lender”)
originated a certain loan described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”)
(the “Mortgage Loan”) to the mortgage loan borrower described on the Mortgage Loan Schedule (the “Mortgage
Loan Borrower”), which was evidenced, inter alia, by six promissory
notes (as amended, modified or supplemented, the “Notes”), (i) one promissory note in the original principal
amount of $35,000,000 (“Note A-1”) made by the Mortgage Loan Borrower in favor of the Original Lender (“Initial
Note A-1”), (ii) one promissory note in the original principal amount of $15,000,000 (“Note A-2”),
made by the Mortgage Loan Borrower in favor of the Original Lender (“Initial Note A-2”), (iii) one promissory
note in the original principal amount of $15,000,000 (“Note A-3”), made by the Mortgage Loan Borrower in
favor of the Original Lender (“Initial Note A-3”), (iv) one promissory note in the original principal amount
of $10,000,000 (“Note A-4”), made by the Mortgage Loan Borrower in favor of the Original Lender (“Initial
Note A-4”), (v) one promissory note in the original principal amount of $10,000,000 (“Note A-5”),
made by the Mortgage Loan Borrower in favor of the Original Lender (“Initial Note A-5”), (vi) one promissory
note in the original principal amount of $5,000,000 (“Note A-6”), made by the Mortgage Loan Borrower in favor
of the Original Lender (“Initial Note A-6”); and secured by a fee mortgage (as amended, modified or supplemented,
the “Mortgage”) on certain real property located as described in the Mortgage Loan Agreement (collectively,
the “Mortgaged Property”);

WHEREAS,
the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note A-4 Holder, the Initial
Note A-5 Holder and the Initial Note A-6 Holder desire to enter into this Agreement to memorialize the terms under which they,
and their

     

     

    
successors
and assigns, shall hold Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6, respectively;

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto mutually agree as follows:

Section
1.          Definitions. References to a
“Section” or the “recitals” are, unless otherwise specified, to a Section or the recitals of this
Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto by such term or other
analogous term in the Lead Securitization Servicing Agreement. Whenever used in this Agreement, the following terms shall
have the respective meanings set forth below unless the context clearly requires otherwise.

“Affiliate”
shall have the meaning set forth in the Lead Securitization Servicing Agreement.

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and, from and after
the Securitization Date, shall mean the Certificate Administrator, if any, and if there is no Certificate Administrator, shall
mean the Trustee.

“Agent
Office” shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement
is located at 1601 Washington Avenue, Suite 800, Miami Beach, Florida 33139, Attention: Leslie Fairbanks, and which is the address
to which notices to and correspondence with the Agent should be directed. The Agent may change the address of its designated office
by notice to the Noteholders

“Agreement”
shall mean this Agreement between Note Holders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

“Approved
Servicer” shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

“Asset
Representations Reviewer” shall mean the asset representations reviewer appointed as provided in the Lead Securitization
Servicing Agreement.

“Bankruptcy
Code” shall mean the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated
thereto.

“CDO”
shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

“CDO
Asset Manager” with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible
for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any
Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the
holder of such Note).

“Certificate
Account” shall mean “Certificate Account” or other analogous term as defined in the Lead Securitization
Servicing Agreement.

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“Certificate
Administrator” shall mean the certificate administrator appointed as provided in the Lead Securitization Servicing
Agreement.

“Code”
shall mean the Internal Revenue Code of 1986, as amended.

“Conduit”
shall have the meaning assigned to such term in Section 14(d).

“Conduit
Credit Enhancer” shall have the meaning assigned to such term in Section 14(d).

“Conduit
Inventory Loan” shall have the meaning assigned to such term in Section 14(d).

“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise (“Controlled”
and “Controls” have meanings correlative thereto.)

“Controlling
Class Representative” shall have the meaning assigned to the term “Directing Certificateholder” in the
Lead Securitization Servicing Agreement.

“Controlling
Note Holder” shall mean the Note A-1 Holder; provided that, at any
time Note A-1 is included in the Lead Securitization, references to the “Controlling Note Holder” herein shall mean
the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”
hereunder, as and to the extent provided in the Lead Securitization Servicing Agreement; provided
that if at any time 50% or more of Note A-1 (or class of securities issued in the Lead Securitization designated as
the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling
Note Holder”) is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, Note A-1 (or the class
of securities issued in the Lead Securitization designated as the “controlling class” or such other class(es) otherwise
assigned the rights to exercise the rights of the “Controlling Note Holder”) shall not be entitled to exercise any
rights of the Controlling Note Holder and the Note A-2 Holder shall be the Controlling Note Holder, unless,
if at any time 50% or more of Note A-2 (or the class of securities issued in the Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, in which case the Note A-2 Holder (or the
class of securities issued in the Note A-2 Securitization designated as the “controlling class” or such other class(es)
otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”) shall not be entitled to
exercise any rights of the Controlling Note Holder and the Note A-3 Holder shall be the Controlling Note Holder, unless,
if at any time 50% or more of Note A-3 (or the class of securities issued in the Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, in which case the Note A-3 Holder (or the
class of securities issued in the Note A-3 Securitization designated as the “controlling class”

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or
such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”) shall
not be entitled to exercise any rights of the Controlling Note Holder and the Note A-4 Holder shall be the Controlling Note Holder,
unless, if at any time 50% or more of Note A-4 (or the class of securities issued
in the Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned
the rights to exercise the rights of the “Controlling Note Holder”) is held by the Mortgage Loan Borrower or an
Affiliate of the Mortgage Loan Borrower, in which case the Note A-4 Holder (or the class of securities issued in the Note A-4
Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise
the rights of the “Controlling Note Holder”) shall not be entitled to exercise any rights of the Controlling Note
Holder and the Note A-5 Holder shall be the Controlling Note Holder, unless, if
at any time 50% or more of Note A-5 (or the class of securities issued in the Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, in which case the Note A-5 Holder (or the
class of securities issued in the Note A-5 Securitization designated as the “controlling class” or such other class(es)
otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”) shall not be entitled to
exercise any rights of the Controlling Note Holder and the Note A-6 Holder shall be the Controlling Note Holder, unless,
if at any time 50% or more of Note A-6 (or the class of securities issued in the Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, in which case no person shall be entitled
to exercise the rights of the Controlling Note Holder.

“Controlling
Note Holder Representative” shall have the meaning assigned to such term in Section 6(a).

“DBRS”
shall mean DBRS, Inc., and its successors in interest.

“Depositor”
shall mean the “depositor” under the Lead Securitization Servicing Agreement.

“Event
of Default” shall mean, with respect to the Mortgage Loan, an “Event of Default” as defined in the Mortgage
Loan Agreement.

“Fitch”
shall mean Fitch Ratings, Inc., and its successors in interest.

“Initial
Agent” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-1 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-2 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-3 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

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“Initial
Note A-4 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-5 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-6 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note Holders” shall have the meaning assigned to such term in the preamble to this Agreement.

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et
seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan
Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the
application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding
seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the
Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation
of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all
of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however,
that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes
of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted
pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition,
in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall
refer to any such entity.

“Interest
Rate” shall mean the Interest Rate (as defined in the Mortgage Loan Documents).

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity which
holds any Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle as
collateral for the CDO.

“KBRA”
shall mean Kroll Bond Rating Agency, Inc. and its successors in interest.

“Lead
Securitization” shall mean the Note A-1 Securitization.

“Lead
Securitization Note” shall mean Note A-1.

“Lead
Securitization Note Holder” shall mean the holder of the Lead Securitization Note.

“Lead
Securitization Servicing Agreement” shall mean the pooling and servicing agreement to be entered into in connection
with the Securitization of Note A-1. The Servicing Standard in the Lead Securitization Servicing Agreement shall require, among
other things, that

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each
Servicer, in servicing the Mortgage Loan, must take into account the interests of each Note Holder.

“Lead
Securitization Subordinate Class Representative” shall mean the “Controlling Class Representative” as
defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing
Agreement.

“Lead
Securitization Trust” shall mean the Securitization Trust created in connection with the Lead Securitization.

“Loan
Combination Custodial Account” shall mean “Loan Combination Custodial Account” or other analogous term
as defined in the Lead Securitization Servicing Agreement.

“Major
Decisions” shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization
Servicing Agreement; provided that at any time that no Note is included in the Lead Securitization “Major Decision”
shall mean:

(i)           any
proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any REO Property) of the ownership
of the property or properties securing the Mortgage Loan if it comes into and continues in default;

(ii)          any
modification, consent to a modification or waiver of any monetary term (other than late fees and default interest) or material
non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs) of the Mortgage
Loan or any extension of the maturity date of the Mortgage Loan;

(iii)         following
a default or an event of default with respect to the Mortgage Loan, any exercise of remedies, including the acceleration of the
Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the related Mortgage Loan Documents;

(iv)         any
sale of the Mortgage Loan (when it is a Defaulted Mortgage Loan) or REO Property for less than the applicable Purchase Price (as
defined in the Lead Securitization Servicing Agreement);

(v)          any
determination to bring a Mortgaged Property or an REO Property into compliance with applicable environmental laws or to otherwise
address any Hazardous Materials (as defined in the Lead Securitization Servicing Agreement) located at a Mortgaged Property or
an REO Property;

(vi)         any
release of material collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any consent to
either of the foregoing, other than if required pursuant to the specific terms of the related Mortgage Loan Documents and for
which there is no lender discretion;

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(vii)          any
waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Mortgage Loan or any
consent to such a waiver or consent to a transfer of a Mortgaged Property or interests in the borrower;

(viii)         any
incurrence of additional debt by a borrower or any mezzanine financing by any beneficial owner of a borrower (to the extent that
the lender has consent rights pursuant to the related Mortgage Loan Documents);

(ix)           any
material modification, waiver or amendment of an intercreditor agreement, co-lender agreement or similar agreement with any mezzanine
lender or subordinate debt holder related to the Mortgage Loan, or any action to enforce rights (or decision not to enforce rights)
with respect thereto, or any material modification, waiver or amendment thereof;

(x)            any
property management company changes, including, without limitation, approval of the termination of a manager and appointment of
a new property manager or franchise changes (in each case, if the lender is required to consent or approve such changes under
the Mortgage Loan Documents);

(xi)         releases
of any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance escrows
or reserves, other than those required pursuant to the specific terms of the related Mortgage Loan Documents and for which there
is no lender discretion;

(xii)          any
acceptance of an assumption agreement releasing a borrower, guarantor or other obligor from liability under the Mortgage Loan
other than pursuant to the specific terms of such Mortgage Loan and for which there is no lender discretion;

(xiii)         any
determination of an Acceptable Insurance Default (as defined in the Lead Securitization Servicing Agreement);

(xiv)         any
determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances described
in paragraph (c) of the definition of “Specially Serviced Mortgage Loan” (as defined in the Lead Securitization
Servicing Agreement); or

(xv)          any
approval of a Major Lease (as defined in the Mortgage Loan Documents) to the extent lender’s approval is required by the
Mortgage Loan Documents;.

“Master
Servicer” shall mean the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

“Monthly
Payment Date” shall mean the Monthly Payment Date (as defined in the Mortgage Loan Documents).

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“Moody’s”
shall mean Moody’s Investors Service, Inc., and its successors in interest.

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, and its successors in interest.

“Mortgage”
shall have the meaning assigned to such term in the recitals.

“Mortgage
Loan” shall have the meaning assigned to such term in the recitals.

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of the date hereof, between the Mortgage Loan Borrower and
Starwood Mortgage Capital LLC, a Delaware limited liability company, as Lender, as the same may be further amended, restated,
supplemented or otherwise modified from time to time, subject to the terms hereof.

“Mortgage
Loan Borrower” shall have the meaning assigned to such term in the recitals.

“Mortgage
Loan Borrower Related Party” shall have the meaning assigned to such term in Section 13.

“Mortgage
Loan Documents” shall mean, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes
and all other documents now or hereafter evidencing and securing the Mortgage Loan.

“Mortgage
Loan Schedule” shall have the meaning assigned to such term in the recitals.

“Mortgaged
Property” shall have the meaning assigned to such term in the recitals.

“Nonrecoverable
Advance” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

“Non-Controlling
Notes” shall mean, collectively, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6.

“Non-Controlling
Note Holders” means, collectively, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder
and the Note A-6 Holder; provided, that at any time Note A-2, Note A-3, Note A-4,
Note A-5 or Note A-6 is included in a Securitization, references to the “Non-Controlling Note Holder” herein shall
mean the applicable Non-Lead Securitization Subordinate Class Representative or any other party assigned the rights to exercise
the rights of the related “Non-Controlling Note Holder” hereunder, as and to the extent provided in the related
Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Note Holder (and the Master
Servicer and the Special Servicer) has been given written notice; provided, that
if at any time 50% or more of Note A-1 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, Note
A-1 shall not be entitled to exercise any rights of the Controlling Note Holder and the Note A-2 Holder shall be the Controlling
Note Holder, unless 50% or more of Note A-2 is held by the Mortgage Loan Borrower

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or
an Affiliate of the Mortgage Loan Borrower. If 50% or more of each of Note A-1 and Note A-2 is held by the Mortgage Loan Borrower
or an Affiliate of the Mortgage Loan Borrower, the Note A-3 Holder shall be the Controlling Note Holder, unless
50% or more of Note A-3 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50%
or more of each of Note A-1, Note A-2 and Note A-3 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan
Borrower, the Note A-4 Holder shall be the Controlling Note Holder; unless 50%
or more of Note A-4 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50% or more of each
of Note A-1, Note A-2, Note A-3 and Note A-4 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower,
the Note A-5 Holder shall be the Controlling Note Holder; unless 50% or more of
Note A-5 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50% or more of each of Note A-1,
Note A-2, Note A-3, Note A-4 and Note A-5 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower,
the Note A-6 Holder shall be the Controlling Note Holder; unless 50% or more of
Note A-6 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50% or more of each of Note A-1,
Note A-2, Note A-3, Note A-3, Note A-5 and Note A-6 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan
Borrower, no person shall be entitled to exercise the rights of the Controlling Note Holder.

The
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at
any time to deal with more than one party exercising the rights of the applicable “Non-Controlling Note Holder”
herein or under the Lead Securitization Servicing Agreement and, (x) to the extent that the related Non-Lead Securitization Servicing
Agreement assigns such rights to more than one party or (y) to the extent that the related Non-Controlling Note is split into
two or more New Notes pursuant to Section 31, for purposes of this Agreement, the applicable Non-Lead Securitization Servicing
Agreement or the holders of such New Notes shall designate one party to deal with Lead Securitization Note Holder (or the Master
Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided
that, in the absence of such designation and notice, the Lead Securitization Note Holder (or the Master Servicer or
the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice
as having been designated as the Non-Controlling Note Holder, as the Non-Controlling Note Holder for all purposes of this Agreement.
As of the date hereof and until further notice from the Non-Lead Securitization Note Holder (or the Non-Lead Master Servicer or
another party acting on its behalf), the Initial Note A-2 Holder is the Non-Controlling Note Holder.

Prior
to Securitization of the any Non-Lead Securitization Note (including any New Notes), all notices, reports, information or other
deliverables required to be delivered to the applicable Non-Lead Securitization Note Holder or the applicable Non-Controlling
Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to the Non-Controlling Note Holder
Representative (to the extent that the identity of the Non-Controlling Note Holder Representative is known) and, when so delivered
to the Non-Controlling Note Holder Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special
Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder
or under the Lead Securitization

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Servicing
Agreement. Following Securitization of the applicable Non-Lead Securitization Note, all notices, reports, information or other
deliverables required to be delivered to the applicable Non-Lead Securitization Note Holder or the applicable Non-Controlling
Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the Non-Lead Master Servicer (who then
may forward such items to the party entitled to receive such items as and to the extent provided in the applicable Non-Lead Securitization
Servicing Agreement) and, when so delivered to the applicable Non-Lead Master Servicer, the Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with
respect to such items hereunder or under the Lead Securitization Servicing Agreement.

“Non-Controlling
Note Holder Representative” shall have the meaning assigned to such term in Section 6(c).

“Non-Exempt
Person” shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with the
Agent for the relevant year such duly-executed form(s) or statement(s) which may, from time to time, be prescribed by law and
which, pursuant to applicable provisions of (A) any income tax treaty between the United States and the country of residence of
such Person, (B) the Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Servicer
on behalf of the Note Holders to make such payments free of any obligation or liability for withholding.

“Non-Lead
Asset Representations Reviewer” shall mean the “asset representations reviewer” or other analogous term
under the applicable Non-Lead Securitization Servicing Agreement.

“Non-Lead
Depositor” shall mean the “depositor” under the applicable Non-Lead Securitization Servicing Agreement.

“Non-Lead
Master Servicer” shall have the meaning assigned to such term in Section 2(c).

“Non-Lead
Operating Advisor” shall mean the “trust advisor”, “operating advisor” or other analogous
term under the applicable Non-Lead Securitization Servicing Agreement.

“Non-Lead
Securitization Notes” shall mean, collectively, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6.

“Non-Lead
Securitization Note Holders” shall mean the holders of the Non-Lead Securitization Notes.

“Non-Lead
Securitization Servicing Agreement” shall have the meaning assigned to such term in Section 2(c).

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities
issued in the Securitization of the applicable Non-Lead Securitization Note designated as the “controlling class”
pursuant to the applicable Non-Lead

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Securitization
Servicing Agreement or their duly appointed representative; provided that if 50%
or more of the class of securities issued in the applicable Non-Lead Securitization designated as the “controlling class”
or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder” is
held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the
rights of the Non-Lead Securitization Subordinate Class Representative.

“Non-Lead
Securitization Trust” shall mean the Securitization Trust into which the applicable Non-Lead Securitization Note is
deposited.

“Non-Lead
Special Servicer” shall have the meaning assigned to such term in Section 2(c).

“Non-Lead
Trustee” shall have the meaning assigned to such term in Section 2(c).

“Note
A-1” shall have the meaning assigned to such term in the recitals.

“Note
A-1 Holder” shall mean the Initial Note A-1 Holder or any subsequent holder of Note A-1, as applicable.

“Note
A-1 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

“Note
A-2” shall have the meaning assigned to such term in the recitals.

“Note
A-2 Holder” shall mean the Initial Note A-2 Holder or any subsequent holder of Note A-2, as applicable.

“Note
A-2 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

“Note
A-2 Securitization Date” shall mean the effective date on which the Securitization of Note A-2 is consummated.

“Note
A-3” shall have the meaning assigned to such term in the recitals.

“Note
A-3 Holder” shall mean the Initial Note A-3 Holder or any subsequent holder of Note A-3, as applicable.

“Note
A-3 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-3
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

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“Note
A-3 Securitization Date” shall mean the effective date on which the Securitization of Note A-3 is consummated.

“Note
A-4” shall have the meaning assigned to such term in the recitals.

“Note
A-4 Holder” shall mean the Initial Note A-4 Holder or any subsequent holder of Note A-4, as applicable.

“Note
A-4 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-4 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-4
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

“Note
A-4 Securitization Date” shall mean the effective date on which the Securitization of Note A-2 is consummated.

“Note
A-5” shall have the meaning assigned to such term in the recitals.

“Note
A-5 Holder” shall mean the Initial Note A-5 Holder or any subsequent holder of Note A-5, as applicable.

“Note
A-5 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-5 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-5
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

“Note
A-5 Securitization Date” shall mean the effective date on which the Securitization of Note A-5 is consummated.

“Note
A-6” shall have the meaning assigned to such term in the recitals.

“Note
A-6 Holder” shall mean the Initial Note A-6 Holder or any subsequent holder of Note A-6, as applicable.

“Note
A-6 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

“Note
A-6 Securitization Date” shall mean the effective date on which the Securitization of Note A-6 is consummated.

“Note
Holders” shall mean, collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder,
the Note A-5 Holder and the Note A-6 Holder.

“Note
Pledgee” shall have the meaning assigned to such term in Section 14(d).

“Note
Register” shall have the meaning assigned to such term in Section 15.

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“Notes”
shall mean, collectively, Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6.

“Operating
Advisor” shall mean the “trust advisor”, “operating advisor” or other analogous term under
the Lead Securitization Servicing Agreement.

“P&I
Advance” shall mean an advance made by (a) a party to the Lead Securitization Servicing Agreement in respect of a delinquent
monthly debt service payment on the Lead Securitization Note or (b) a party to the Non-Lead Securitization Servicing Agreement
in respect of a delinquent monthly debt service payment on the Non-Lead Securitization Note.

“Percentage
Interest” shall mean:

(a)
with respect to the Note A-1 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-1 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance;

(b)
with respect to the Note A-2 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-2 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance;

(c)
with respect to the Note A-3 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-3 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance;

(d)
with respect to the Note A-4 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-4 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance;

(e)
with respect to the Note A-5 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-5 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance and

(f)
with respect to the Note A-6 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-6 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance.

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“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C attached
hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000 and (iii) not
subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

“Pledge”
shall have the meaning assigned to such term in Section 14(d).

“Pre-Securitization
Servicing Agreement” shall mean the related servicing or similar agreement between Note A-1 Holder and Wells Fargo
Commercial Mortgage Services, Inc.

“Pro
Rata and Pari Passu Basis” shall mean with respect to the Notes and the Note Holders, the allocation of any particular
payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without
any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may be, and in any event
such that each Note or Note Holder, as the case may be, is allocated its respective Percentage Interest of such particular payment,
collection, cost, expense, liability or other amount.

“Qualified
Institutional Lender” shall mean each of the Initial Note Holders and any other U.S. Person that is:

(a)          an
entity Controlled (as defined herein) by, under common Control with or that Controls either of the Initial Note Holders, or

(b)          the
trustee on behalf of the trust certificates issued pursuant to a master trust agreement involving a CDO comprised of, or other
securitization vehicle involving, assets deposited or transferred by a Note Holder and/or one or more Affiliates (whether with
assets from others or not), provided that the securities issued in connection
with such CDO or other securitization vehicle are rated by each of the Rating Agencies that assigned a rating to one or more classes
of securities issued in connection with the Lead Securitization, or

(c)          one
or more of the following:

(i)          an
insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation, pension
plan, pension fund, pension fund advisory firm, mutual fund, real estate investment trust, governmental entity or plan, or

(ii)         an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, or an “accredited investor” within the meaning of Rule 501(a) (1), (2),
(3) or (7) of Regulation D under the Securities Act of 1933, as amended, or

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(iii)          a
Qualified Trustee in connection with (a) the Lead Securitization of, (b) the creation of collateralized debt obligations (“CDO”)
secured by, or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing,
a “Securitization Vehicle”), provided that (1) one or more
classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by each of the Rating
Agencies that assigned a rating to one or more classes of securities issued in connection with a Securitization (it being understood
that with respect to any Rating Agency that assigned such a rating to the securities issued by such Securitization Vehicle, a
Rating Agency Confirmation will not be required in connection with a transfer of such Note or any interest therein to such Securitization
Vehicle); (2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle (x)
has a Required Special Servicer Rating, (y) is LNR Partners, LLC or (z) is otherwise acceptable to the Rating Agencies rating
each Securitization (such entity, an “Approved Servicer”) and such Approved Servicer is required to service
and administer such Note or any interest therein in accordance with servicing arrangements for the assets held by the Securitization
Vehicle which require that such Approved Servicer act in accordance with a servicing standard notwithstanding any contrary direction
or instruction from any other Person; or (3) in the case of a Securitization Vehicle that is a CDO, the CDO Asset Manager and,
if applicable, each Intervening Trust Vehicle that is not administered and managed by a CDO Asset Manager which is a Qualified
Institutional Lender, are each a Qualified Institutional Lender under clauses (i), (ii), (iv) or (v) of this definition, or

(iv)          an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional Lender
under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in clause (i)
or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager responsible for
the day-to-day management and operation of such investment vehicle and provided
that at least 50% of the equity interests in such investment vehicle are owned, directly or indirectly, by one or more entities
that are otherwise Qualified Institutional Lenders (without regard to the capital surplus/equity and total asset requirements
set forth below in the definition), or

(v)          an
institution substantially similar to any of the foregoing, and

in
the case of any entity referred to in clause (c)(i), (ii), (iv)(B) or (v) of this definition, (x) such entity has at least $200,000,000
in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary)
and at least $600,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business of making
or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto)
or owning or operating commercial real estate properties; provided that, in the
case of the entity described in clause (iv)(B) above, the requirements of this clause (y) may be satisfied by a general partner,
managing member, or the fund manager responsible for the day-to-day management and operation of such entity; or

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(d)          any
entity Controlled by any of the entities described in clause (c)(i), (ii) and (iv)(B) above or approved by the Rating Agencies
hereunder as a Qualified Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies have stated they
would not review such entity in connection with the subject transfer.

“Qualified
Trustee” means (i) a corporation, national bank, national banking association or a trust company, organized and doing
business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers
and to accept the trust conferred, 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 or (iii) an
institution whose long-term senior unsecured debt is rated either of the then in effect top two rating categories of each of the
applicable Rating Agencies.

“Rating
Agencies” shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in
interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other
nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection
with the Securitization of the related Note; provided, however,
that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies”
or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities
issued in connection with the Securitizations of the Notes.

“Rating
Agency Confirmation” shall mean prior to a Securitization with respect to any matter, confirmation in writing (which
may be in electronic form) by each applicable Rating Agency that a proposed action, failure to act or other event so specified
will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned to any class
of certificates (if then rated by the Rating Agency); provided that a written waiver or other acknowledgment from the Rating Agency
indicating its decision not to review the matter for which the Rating Agency Confirmation is sought shall be deemed to satisfy
the requirement for the Rating Agency Confirmation from each Rating Agency with respect to such matter and after a Securitization,
the meaning given thereto or any analogous term in the Lead Securitization Servicing Agreement or the related Non-Lead Securitization
Servicing Agreement, as applicable, including any deemed Rating Agency Confirmation.

“Redirection
Notice” shall have the meaning assigned to such term in Section 14(c).

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-220.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities
and Exchange Commission or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and
Exchange Commission or its staff from time to time.

“REMIC”
shall have the meaning assigned to such term in Section 5(e).

“Required
Special Servicer Rating” (1) at any time that the Lead Securitization Note is included in the Lead Securitization,
shall have the meaning assigned to such term or any

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analogous
term in the Lead Securitization Servicing Agreement, and (2) at any other time, shall mean with respect to a special servicer
(i) in the case of Fitch, a rating of “CSS3”, (ii) in the case of S&P, such special servicer is on S&P’s
Select Servicer List as a U.S. Commercial Mortgage Special Servicer, (iii) in the case of Moody’s, such special servicer
is acting as special servicer for one or more loans included in a commercial mortgage loan securitization that was rated by Moody’s
within the twelve (12) month period prior to the date of determination, and Moody’s has not downgraded or withdrawn the
then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch
citing the continuation of such special servicer as special servicer of such commercial mortgage loans as the sole or material
factor, (iv) in the case of Morningstar, either (a) the applicable replacement has a special servicer ranking of at least “MOR
CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by Morningstar, is currently acting as a master servicer
or special servicer, as applicable, on a deal or transaction-level basis for all or a significant portion of the related mortgage
loans in other CMBS transactions rated by any of S&P, Moody’s, Fitch, DBRS or KBRA and the trustee does not have actual
knowledge that Morningstar has, and the replacement special servicer certifies that Morningstar has not, with respect to any such
other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings on one or more classes of such CMBS transaction
citing servicing concerns of the applicable replacement as the sole or material factor in such rating action, (v) in the case
of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade
or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS,
such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within
the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating
on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or
withdrawal.

“S&P”
shall mean S&P Global Ratings, and its successors in interest.

“Scheduled
Interest Payment” shall mean the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

“Scheduled
Principal Payment” shall mean the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

“Securitization”
shall mean one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion
of such Note as part of a securitization of one or more mortgage loans.

“Securitization
Date” shall mean, with respect to a Securitization, the effective date on which such Securitization is consummated.

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1, Note A-2, Note A-3, Note
A-4, Note A-5 or Note A-6, as applicable, is held.

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“Securitization
Vehicle” shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

“Servicer”
shall mean the Master Servicer or the Special Servicer, as the context may require.

“Servicer
Termination Event” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous
concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this
Agreement.

“Servicing
Advance” shall mean “Servicing Advance” or other analogous term as defined in the Lead Securitization
Servicing Agreement.

“Special
Servicer” shall mean the special servicer appointed as provided in the Lead Securitization Servicing Agreement and
this Agreement.

“Starwood”
shall have the meaning assigned to such term in the preamble to this Agreement.

“Taxes”
shall mean any income or other taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature, now or hereafter
imposed by any jurisdiction or by any department, agency, state or other political subdivision thereof or therein.

“Transfer”
shall have the meaning assigned to such term in Section 14.

“Trustee”
shall mean the trustee appointed as provided in the Lead Securitization Servicing Agreement.

“U.S. Person”
shall mean a citizen or resident of the United States, a corporation or partnership (except to the extent provided in applicable
Treasury Regulations) created or organized in or under the laws of the United States, any State thereof or the District of Columbia,
including any entity treated as a corporation or partnership for federal income tax purposes, or an

estate
whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United
States is able to exercise primary supervision over the administration of such trust, and one or more such U.S. Persons have
the authority to control all substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations,
a trust in existence on August 20, 1996 which is eligible to elect to be treated as a U.S. Person).

Section
2.          Servicing of the Mortgage Loan.

(a)          Until
the Securitization Date, the Mortgage Loan shall be serviced pursuant to the Pre-Securitization Servicing Agreement.

(b)          Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from and
after the Securitization Date pursuant to the Lead Securitization Servicing Agreement; provided
that the Master Servicer shall

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not
be obligated to advance monthly payments of principal or interest in respect of any Note other than the Lead Securitization Note
if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real estate
taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement
of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing Agreement including any provisions
governing the determination of non-recoverability. Each Note Holder acknowledges that the other Note Holder may elect, in its
sole discretion, to include its Note in a Securitization and agrees that it will, subject to Section 26, reasonably cooperate
with such other Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject to the terms and
conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master
Servicer, Operating Advisor, Certificate Administrator, the Asset Representations Reviewer and the Trustee under the Lead Securitization
Servicing Agreement by the Depositor and the appointment of the initial Special Servicer by the Controlling Note Holder as may
be replaced pursuant to the terms of the Lead Securitization Servicing Agreement and agrees to reasonably cooperate with the Master
Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead Securitization
Servicing Agreement. Each Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in
the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to
the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject
at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In no event
shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against the other
Note Holder or limit the Servicer in enforcing the rights of one Note Holder against the other Note Holder; however, this statement
shall not be construed to otherwise limit the rights of one Note Holder with respect to the other Note Holder. Each Servicer shall
be required pursuant to the Lead Securitization Servicing Agreement to service the Mortgage Loan in accordance with the Servicing
Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, each Servicer
shall provide information to each Non-Lead Servicer under each Non-Lead Securitization Servicing Agreement to enable each such
Non-Lead Servicer to perform its servicing duties under the applicable Non-Lead Securitization Servicing Agreement and each Servicer
shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

At
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note
Holders agree to cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note
Holders, pursuant to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing
Agreement and all references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent
servicing agreement; provided, however,
that if either Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained
from each Rating Agency; provided, further,
however, that until a replacement servicing agreement has been entered into, the
Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization
Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan, by the Servicer
in the Lead Securitization or by any Person appointed by the Lead Securitization Note Holder that is a qualified servicer meeting
the requirements of the Lead

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Securitization
Servicing Agreement and meeting the Required Special Servicer Rating (to the extent such servicer is performing special servicing
functions).

(c)          The
Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided
in the Lead Securitization Servicing Agreement) (i) shall be required to (and the Special Servicer may, under certain circumstances
as provided in the Servicing Agreement) make Servicing Advances with respect to the Mortgage Loan, subject to the terms of the
Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make P&I Advances on the Lead Securitization
Note, if and to the extent provided in the Lead Securitization Servicing Agreement and this Agreement. The Master Servicer, the
Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Servicing Advance, first
from funds on deposit in the Certificate Account or Loan Combination Custodial Account for the Mortgage Loan that (in
any case) represent amounts received on or in respect of the Mortgage Loan, and then,
in the case of Nonrecoverable Servicing Advances, if such funds on deposit in the Certificate Account or Loan Combination Custodial
Account are insufficient, from general collections of the Lead Securitization as provided in the Lead Securitization Servicing
Agreement and from general collections of the Non-Lead Securitization as provided below. The Master Servicer, the Special Servicer
and the Trustee, as applicable, will be entitled to reimbursement for Advance Interest Amounts on a Servicing Advance or a Nonrecoverable
Servicing Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from
general collections of the Lead Securitization and, in the case of Servicing Advances or Advance Interest Amount on a Servicing
Advance, from general collections of the Non-Lead Securitization as provided below. To the extent the Master Servicer, the Special
Servicer or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement for
a Nonrecoverable Servicing Advance or any Advance Interest Amounts on a Servicing Advance or a Nonrecoverable Servicing Advance,
each Non-Lead Securitization Note Holder (including from general collections or any other amounts from any Non-Lead Securitization
Trust) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro
rata share of such Nonrecoverable Servicing Advance or Advance Interest Amounts.

In
addition, the Non-Lead Securitization Note Holders (including, but not limited to, any Non-Lead Securitization Trust) shall be
required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization
Trust for each such Non-Lead Securitization Note Holder’s pro rata share
of any fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan as to which the
Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor or the Depositor, as
applicable, is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement and any costs, fees and expenses
related to obtaining any Rating Agency Confirmation, to the extent amounts on deposit in the Certificate Account or Loan Combination
Custodial Account that are allocated to the Non-Lead Securitization Notes are insufficient for reimbursement of such amounts and
to the extent that funds from general collections in the Lead Securitization are applied towards the Lead Securitization Note
Holder’s pro rata share of the insufficiency. Each Non-Lead Securitization
Holder agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following
parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of Lead Securitization Servicing
Agreement) each of the Master Servicer, the Special Servicer, the

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Certificate
Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer and the Depositor (and any director, officer,
employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization
Servicing Agreement in respect of other mortgage loans) and (ii) the Lead Securitization Trust (such parties in clause (i) and
the Lead Securitization Trust, collectively, the “Indemnified Parties”) against any claims, losses, penalties,
fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection
with the servicing and administration of the Mortgage Loan and the Mortgaged Property (or, with respect to the Operating Advisor,
incurred in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement
(collectively, the “Indemnified Items”) to the extent of its pro rata
share of such Indemnified Items, and to the extent amounts on deposit in the Certificate Account or Loan Combination
Custodial Account that are allocated to the Non-Lead Securitization Notes are insufficient for reimbursement of such amounts,
each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the Master Servicer, the Special
Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro
rata share of the insufficiency, (including, if the related Non-Lead Securitization Note has been included in a Non-Lead
Securitization, from general collections or any other amounts from the related Non-Lead Securitization Trust).

The
master servicer under a Non-Lead Securitization (the “Non-Lead Master Servicer”) may be required to make
P&I Advances on the related Non-Lead Securitization Note, from time to time, subject to the terms of the servicing agreement
for the related Securitization (each, a “Non-Lead Securitization Servicing Agreement”), the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to make their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization Note based
on the information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Each Non-Lead Master
Servicer, special servicer (“each, a “Non-Lead Special Servicer”) and trustee (each, a “Non-Lead
Trustee”) under the Non-Lead Securitization Servicing Agreements, as applicable, shall be entitled to make their own
recoverability determination with respect to a P&I Advance to be made on the applicable Non-Lead Securitization Note based
on the information that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The
Master Servicer and the Trustee, as applicable, and the applicable Non-Lead Master Servicer or the applicable Non-Lead Trustee
shall be required to notify the other of the amount of its P&I Advance within two business days of making such advance. If
the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect to the Lead Securitization Note) or any
Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, as applicable (with respect to the Non-Lead Securitization
Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would
be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that
a proposed Servicing Advance would be non-recoverable or an outstanding Servicing Advance is or would be non-recoverable, then
the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or a Non-Lead Master Servicer or Non-Lead Trustee
(as provided in the Non-Lead Securitization Servicing Agreements, in the case of the a determination of non-recoverability by
such Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee) shall notify the Master Servicer and the Trustee,
or such Non-Lead 

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Master
Servicer and Non-Lead Trustee, as the case may be, of the other Securitization within two business days of making such
determination. Each of the Master Servicer, the Trustee, the Non-Lead Master Servicers and Non-Lead Trustees, as applicable,
will only be entitled to reimbursement for a P&I Advance and advance interest thereon that becomes
non-recoverable first from the Certificate Account or Loan Combination Custodial Account from amounts allocable to the
Note for which such P&I Advance was made, and then, if funds are
insufficient, (i) in the case of the Lead Securitization Note, from general collections of the Lead Securitization Trust,
pursuant to the terms of the Lead Securitization Servicing Agreement and (ii) in the case of the Non-Lead Securitization
Notes, from general collections of the related Securitization Trust, as and to the extent provided in the applicable Non-Lead
Securitization Servicing Agreement.

(d)          Each
Non-Lead Securitization Note Holder agrees that, if a related Non-Lead Securitization Note is included in a Securitization, the
related Non-Lead Securitization Note Holder shall cause the applicable Non-Lead Securitization Servicing Agreement to contain
provisions to the effect that:

(i)          each
Non-Lead Securitization Note Holder shall be responsible for its pro rata share
of any Servicing Advances (and advance interest thereon) and any additional trust fund expenses, but only to the extent that they
relate to servicing and administration of the Notes and the Mortgaged Property, including without limitation, any unpaid Special
Servicing Fees, Liquidation Fees and Workout Fees relating to the Notes, and that in the event that the funds received with respect
to each respective Note are insufficient to cover such Servicing Advances or additional trust fund expenses, (A) the related Non-Lead
Master Servicer will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable,
out of general funds in the collection account (or equivalent account) established under the applicable Non-Lead Securitization
Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata
share of any such Nonrecoverable Servicing Advances (together with advance interest thereon) and/or additional trust fund expenses
(including compensation due to the Master Servicer and the Special Servicer to the extent related to the servicing and administration
of the Mortgage Loan and the Mortgaged Property), and (B) if the Lead Securitization Servicing Agreement permits the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead Securitization Trust’s
general account, then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable,
may do so, and the related Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer, the
Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of general funds in the collection account (or equivalent
account) established under the applicable Non-Lead Securitization Servicing Agreement for the related Non-Lead Securitization
Note Holder’s pro rata share of any such Nonrecoverable Servicing Advances
(together with advance interest thereon) and/or additional trust fund expenses (including compensation due to the Master Servicer
and the Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

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(ii)          each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of
Lead Securitization Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional trust
fund expenses with respect to the Mortgage Loan) by each Non-Lead Securitization Trust, against any of the Indemnified Items to
the extent of its pro rata share of such Indemnified Items, and to the extent
amounts on deposit in the Certificate Account or Loan Combination Custodial Account that are allocated to the applicable Non-Lead
Securitization Note are insufficient for reimbursement of such amounts, the applicable Non-Lead Master Servicer will be required
to reimburse each of the applicable Indemnified Parties for the related Non-Lead Securitization Note’s pro
rata share of the insufficiency out of general funds in the collection account (or equivalent account) established
under the applicable Non-Lead Securitization Servicing Agreement;

(iii)          the
Non-Lead Master Servicer, Non-Lead Trustee or certificate administrator under each Non-Lead Securitization Servicing Agreement
will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer, the Master Servicer, the Operating
Advisor and the Asset Representations Reviewer (i) promptly following Securitization of a Non-Lead Securitization Note, notice
of the deposit of such Non-Lead Securitization Note into a Securitization Trust (which notice shall also provide contact information
for the certificate administrator, the Non-Lead Master Servicers, the Non-Lead Special Servicers, the Non-Lead Trustee and the
party designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement, including the
Controlling Class Representative under the applicable Non-Lead Securitization Servicing Agreement), accompanied by a certified
copy of the applicable executed Non-Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity
of the related Non-Lead Master Servicer or the party designated to exercise the rights of the “Non-Controlling Note Holder”
under this Agreement (together with the relevant contact information);

(iv)          any
matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Lead Securitization Servicing Agreement shall also require delivery of a Rating Agency Confirmation under the
applicable Non-Lead Securitization Servicing Agreement;

(v)          the
Master Servicer, the Special Servicer, the Trustee and the Lead Securitization Trust shall be third party beneficiaries of the
foregoing provisions; and

(vi)          in
the event of a proposed replacement of the Special Servicer, each Non-Lead Trustee shall use commercially reasonable efforts to
prepare and file on behalf of the related Non-Lead Securitization Trust a Form 8-K relating to such replacement that complies
with the Exchange Act on the same day that a Form 8-K relating to such replacement is filed on behalf of the Lead Securitization;
provided that the related Non-Lead Depositor and a responsible officer of such Non-Lead Trustee has received notice of such proposed
replacement (including any disclosure or other information required to be included in such Form 8-K as well as the requirement
and timing for filing such Form 8-

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K)
at least 5 Business Days prior to such filing date. The Note A-1 Holder (including, as the context requires, the Depositor, Master
Servicer, Special Servicer, Trustee or controlling class representative (or analogous term) relating to the related Lead Securitization
Trust, on behalf of such Note A-1 Holder) shall be a third party beneficiary of the foregoing provision.

(e)          The
Lead Securitization Note Holder agrees that it shall cause the Lead Securitization Servicing Agreement to contain provisions to
the effect that (and to the extent such provisions are not included in the Lead Securitization Servicing Agreement, they shall
be deemed incorporated therein and made a part thereof):

(i)          compensating
interest payments as defined therein with respect to each Note will be allocated by the Master Servicer between each Note, pro
rata, in accordance with their respective principal amounts. The Master Servicer shall remit any compensating interest
payment in respect of the Non-Lead Securitization Notes to the related Non-Lead Securitization Note Holder;

(ii)          the
Master Servicer shall remit all payments received with respect to the Non-Lead Securitization Notes, net of the servicing fees
payable to the Master Servicer and Special Servicer with respect to the applicable Non-Lead Securitization Note, and any other
applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to the applicable Non-Lead
Securitization Note Holder on or prior to the earlier of (A) the Master Servicer Remittance Date or (B) the business day following
the “determination date” (or analogous term) under the applicable Non-Lead Securitization Servicing Agreement related
to the Securitization of the applicable Non-Lead Securitization Note, provided,
that, in each case as long as the date on which remittance is required under this clause (ii) is at least one business day after
the scheduled monthly payment date under the Mortgage Loan Agreement, provided,
that after the Securitization of Note A-1, any late collections received by the Master Servicer after the related due date under
the Mortgage Loan shall be remitted by the Master Servicer in accordance with the Lead Securitization Servicing Agreement;

(iii)         with
respect to each Non-Lead Securitization Note if it is held by a Securitization, the Master Servicer agrees to deliver or cause
to be delivered to each Non-Lead Master Servicer all reports required to be delivered by the Master Servicer to the Trustee or
Certificate Administrator under the Lead Securitization Servicing Agreement (which shall include all loan-level reports constituting
the CREFC® Investor Reporting Package (IRP)) pursuant to the terms of the Lead Securitization Servicing Agreement
to the extent related to the Mortgage Loan, the Mortgaged Property, the Non-Lead Securitization Notes, the Master Servicer, the
Special Servicer, the Certificate Administrator or the Trustee on or prior to the earlier of (A) the Master Servicer Remittance
Date or (B) the business day following the “determination date” (or analogous term) under the applicable Non-Lead
Securitization Servicing Agreement related to the applicable Securitization of the Non-Lead Securitization Note, in each case
so long as the date on which delivery is required under this clause (iii) is at least one business day after the scheduled monthly
payment date under the Mortgage Loan Agreement;

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(iv)         in
connection with (x) any amendment of the Lead Securitization Servicing Agreement, a party to such Lead Securitization Servicing
Agreement shall provide a copy of the executed amendment to the Non-Lead Depositors and the certificate administrators under each
Non-Lead Securitization Servicing Agreement (which may be by email) in order
for the Non-Lead Securitization Note Holders and the Non-Lead Depositors to timely comply with their obligations under the Exchange
Act, and (y) the termination, resignation and/or replacement of the Master Servicer or the Special Servicer, the related replacement
Master Servicer or Special Servicer, as applicable, shall provide all disclosure about itself that is required to be included
in Form 8-K no later than the date of effectiveness thereof;

(v)          the
Non-Lead Securitization Note Holders shall be third-party beneficiaries to the Lead Securitization Servicing Agreement in respect
of the rights afforded it thereunder to the extent such rights affect the Non-Lead Securitization Notes or the Non-Lead Securitization
Note Holders;

(vi)         the
Lead Securitization Servicing Agreement shall not be amended in any manner that materially and adversely (or words of similar
import) affects any Non-Lead Securitization Note Holder without the consent of such party;

(vii)        Servicer
Termination Events (or such analogous term defined in the Lead Securitization Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to remit payments to the Non-Lead Securitization Note Holders as required,
failure to deliver (or cause to be delivered) materials or notices required in order for the Non-Lead Securitization Note Holders
and the Non-Lead Depositors to timely comply with their obligations under the Exchange Act, and Rating Agency triggers with respect
to the securities issued pursuant to the Non-Lead Securitizations, subject to customary grace periods (provided, in the case of
failures related to the Exchange Act, such grace periods do not materially and adversely affect the Non-Lead Depositors);

(viii)       if
the Mortgage Loan becomes the subject of an “asset review” (or such analogous term defined in either Non-Lead Securitization
Servicing Agreement) pursuant to either Non-Lead Securitization Servicing Agreement, the applicable parties to the Lead Securitization
Servicing Agreement shall reasonably cooperate with the applicable Non-Lead Asset Representations Reviewer in connection with
such asset review (or a substantially similar provision), including with respect to providing access to related underlying documents,
to the extent that such Non-Lead Asset Representations Reviewer has not obtained such documents from the Note Holder that sold
the related Non-Lead Securitization Note into the applicable Non-Lead Securitization and such documents are in the possession
of the applicable party to the Lead Securitization Servicing Agreement;

(ix)        each
party to the Lead Securitization Servicing Agreement shall deliver (and shall cause any sub-servicer or any servicing function
participant engaged by such party to deliver (or, in the case of a sub-servicer that the related mortgage loan seller requires
the Master Servicer to engage, a party to the Lead Securitization Servicing Agreement shall use commercially reasonable efforts
to cause each party engaged by a party to the Lead Securitization Servicing Agreement to deliver)) (x) all materials and notices
required in

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order for the Non-Lead Securitization Note Holders and the Non-Lead Depositors to comply with (1) their obligations
under the Exchange Act (including any required 10-D, 8-K and 10-K reporting) and (2) any applicable comment letter from the
Securities and Exchange Commission or their obligations in connection with a “deficient Exchange Act deliverable”
(or such analogous term defined in the Non-Lead Securitization Servicing Agreements) and (y) with respect to the “Sarbanes-Oxley
certification” (or such analogous term defined in the Non-Lead Securitization Servicing Agreements) concerning either Non-Lead
Securitization Trust to be submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002, the
applicable certification to each Person who signs such “Sarbanes-Oxley certification” concerning the applicable
Non-Lead Securitization Trust; and

(x)          each
Non-Lead Securitization Trust (or the applicable parties to ach Non-Lead Securitization Agreement) shall be entitled to indemnification
pursuant to industry standard indemnification provisions customary for securitizations similar to the related Non-Lead Securitizations
for the failure of the applicable parties to the Lead Securitization Agreement to timely deliver (or cause to be timely delivered)
the materials or information required pursuant to clause (ix) above.

(f)          Each
Non-Lead Securitization Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement and the other
Non-Lead Securitization (that will not also be a party to the related Non-Lead Securitization Servicing Agreement) notice of such
Non-Lead Securitization in writing (which may be by e-mail) not less than five (5) Business Days prior to the related Securitization
Date. Such notice shall contain contact information for each of the parties to the related Non-Lead Securitization Servicing Agreement.
In addition, after such Securitization Date, the applicable Non-Lead Securitization Note Holder shall send a copy of the related
Non-Lead Securitization Servicing Agreement to each of the parties to the Lead Securitization Servicing Agreement.

(g)          Notwithstanding
anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms hereof shall be performed
by the Master Servicer or the Special Servicer, as applicable, as set forth in the Lead Securitization Servicing Agreement.

Section
3.     Priority of Payments. Each Note shall be of equal priority, and no portion
of either Note shall have priority or preference over any portion of the other Note or security therefor. All amounts
tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the
Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly
Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or
instrument securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds, awards or
settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in
accordance with the terms of the Mortgage Loan Documents), but excluding (x) all amounts for required reserves or escrows
required by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents) to be
held as reserves or escrows or received as reimbursements on account of recoveries in respect of property protection expenses
or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer under the Lead
Securitization

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Servicing
Agreement and (y) all amounts that are then due, payable or reimbursable (except for (i) any reimbursements of P&I Advances
(and interest thereon) made with respect to any Note, which may only be reimbursed out of payments and collections allocable to
such Note, (ii) any Servicing Fees due to the Master Servicer in excess of a Non-Lead Securitization Note’s pro
rata share of that portion of such Servicing Fees calculated at the Servicing Fee Rate applicable to the Mortgage Loan
as set forth in the Lead Securitization Servicing Agreement) to any Servicer (or the Trustee as successor to the Servicer), with
respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement (including without limitation, any additional
trust fund expenses relating to the Mortgage Loan and any Special Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges
(to the extent provided in the immediately following paragraph), amounts paid by the Borrower in respect of modification fees
or assumption fees and any other additional compensation payable pursuant to the Lead Securitization Servicing Agreement), shall
be applied by the Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis.

For
clarification purposes, Penalty Charges (as defined in the Lead Securitization Servicing Agreement) paid on each Note shall first,
be used to reduce, on a pro rata basis, the amounts payable on each Note by the
amount necessary to pay the Master Servicer, the Trustee or the Special Servicer for any interest accrued on any Servicing Advances
in accordance with the terms of the Lead Securitization Servicing Agreement, second,
be used to reduce the respective amounts payable on each Note by the amount necessary to pay the Master Servicer, Trustee, Non-Lead
Master Servicers or Non-Lead Trustees for any interest accrued on any P&I Advance made with respect to such Note by such party
(if and as specified in the Lead Securitization Servicing Agreement or either Non-Lead Securitization Servicing Agreement, as
applicable), third, be used to reduce, on a pro rata basis, the amounts
payable on each Note by the amount necessary to pay additional trust fund expenses (other than Special Servicing Fees, unpaid
Workout Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing
Agreement) and finally, (i) in the case of the remaining amount of Penalty Charges
allocable to the Lead Securitization Note, be paid to the Master Servicer and/or the Special Servicer as additional servicing
compensation as provided in the Lead Securitization Servicing Agreement and (ii) in the case of the remaining amount of Penalty
Charges allocable to the Non-Lead Securitization Notes, be paid, (x) prior to the securitization of such Note, to the related
Non-Lead Securitization Note Holder and (y) following the securitization of such Note, to the Master Servicer and/or the Special
Servicer as additional servicing compensation as provided in the Lead Securitization Servicing Agreement.

Section
4.     Workout. Notwithstanding anything to the contrary contained herein, but
subject to the terms and conditions of the Lead Securitization Servicing Agreement, and the obligation to act in accordance
with the Servicing Standard, if the Lead Securitization Note Holder, or any Servicer, in connection with a workout or
proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the principal balance of the Mortgage Loan is
decreased, (ii) the Interest Rate is reduced, (iii) payments of interest or principal on any Note are waived, reduced or
deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, such modification shall not
alter, and any modification of the Mortgage Loan Documents shall be structured to preserve, the equal priorities of each Note
as described in Section 3.

Section
5.     Administration of the Mortgage Loan.

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(a)          Subject
to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing Agreement and subject
to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall have
the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the
Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents
or consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call
or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and the Non-Lead
Securitization Note Holders shall have no voting, consent or other rights whatsoever except as explicitly set forth herein with
respect to the Lead Securitization Note Holder’s administration of, or exercise of its rights and remedies with respect
to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement, each Non-Lead Securitization
Note Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Securitization
Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder)
the rights, if any, that such Note Holder has to, (i) call or cause the Lead Securitization Note Holder to call an Event of Default
under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including,
without limitation, filing or causing the Lead Securitization Note Holder to file any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf
of the Lead Securitization Note Holder) shall not have any fiduciary duty to the Non-Lead Securitization Note Holders in connection
with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the
obligation to make any disbursement of funds as set forth herein or its obligation to follow the Servicing Standard (in the case
of the Master Servicer or the Special Servicer) or any liability for failure to do so).

Upon
the Mortgage Loan becoming a Defaulted Mortgage Loan, the Non-Lead Securitization Note Holders hereby acknowledge the right and
obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder)
to sell the Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement.
Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization
Note Holder) shall not be permitted to sell the Mortgage Loan if it becomes a Defaulted Mortgage Loan without the written consent
of the Non-Lead Note Holders (provided that such consent is not required from
a Non-Controlling Note Holder if such Non-Controlling Note Holder is the Mortgage Loan Borrower or an affiliate of the Mortgage
Loan Borrower) unless the Special Servicer has delivered to the Non-Controlling Note Holders: (a) at least 15 Business Days’
prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10 days prior to the proposed sale
date, a copy of each bid package (together with any material amendments to such bid packages) received by the Special Servicer
in connection with any such proposed sale, (c) at least 10 days prior to the proposed sale date, a copy of the most recent
Appraisal for the Mortgage Loan, and any documents in the Servicing File reasonably requested by a Non-Controlling Note Holder
that are material to the price of the Mortgage Loan and (d) until the sale is completed, and a reasonable period of time (but
no less time than is afforded to the other offerors

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and
the Lead Securitization Subordinate Class Representative) prior to the proposed sale date, all information and other documents
being provided to other offerors and all leases or other documents that are approved by the Servicer in connection with the proposed
sale; provided, that a Non-Controlling Note Holder may waive any of the delivery or timing requirements set forth in this sentence
with respect to such Non-Controlling Note Holder. Subject to the terms of the Lead Securitization Servicing Agreement, the Controlling
Note Holder, the Controlling Note Holder Representative, the Non-Controlling Note Holders and the Non-Controlling Note Holder
Representative shall each be permitted to bid at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower
or an agent or Affiliate of the Mortgage Loan Borrower.

Each
Non-Lead Securitization Note Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization
Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting
offers for and consummating the sale of the Non-Lead Securitization Notes. The Non-Lead Securitization Note Holders further agree
that, upon the request of the Lead Securitization Note Holder, the Non-Lead Securitization Note Holders shall execute and deliver
to or at the direction of the Lead Securitization Note Holder such powers of attorney or other instruments as the Lead Securitization
Note Holder may reasonably request to better assure and evidence the foregoing appointment and grant, in each case promptly following
request, and shall deliver the applicable original Non-Lead Securitization Note, endorsed in blank, to or at the direction of
the Lead Securitization Note Holder in connection with the consummation of any such sale.

The
authority of the Lead Securitization Note Holder to sell the Non-Lead Securitization Notes, and the obligations of the
Non-Lead Securitization Note Holders to execute and deliver instruments or deliver the Non-Lead Securitization Notes upon
request of the Lead Securitization Note Holder, shall terminate and cease to be of any further force or effect upon the date,
if any, upon which the Lead Securitization Note is repurchased by the Note Holder that sold the Lead Securitization Note into
the Lead Securitization from the trust fund established under the Lead Securitization Servicing Agreement in connection with
a material breach of representation or warranty made by such Note Holder with respect to the Lead Securitization Note or
material document defect with respect to the documents delivered by such Note Holder with respect to the Lead Securitization
Note upon the consummation of the Lead Securitization. The preceding sentence shall not be construed to grant to the Non-Lead
Securitization Note Holders the benefit of any representation or warranty made by the Note Holder that sold the Lead
Securitization Note into the Lead Securitization or any document delivery obligation imposed on such Note Holder under any
mortgage loan purchase and sale agreement, instrument of transfer or other document or instrument that may be executed or
delivered by such Note Holder in connection with the Lead Securitization.

(b)          The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. To the
extent that any provision in this Agreement conflicts with any provision in the Lead Securitization Servicing Agreement, the provisions
in this Agreement shall control. The servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage
Loan is a Specially Serviced Mortgage Loan (or to the extent otherwise provided in the Lead Securitization Servicing Agreement),
by the Special Servicer, in each case pursuant to the Lead Securitization Servicing Agreement. Notwithstanding anything to the
contrary contained herein, in accordance with the Lead

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Securitization
Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer and the Special Servicer to service and
administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each Note Holder
as a collective whole. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing Agreement. All rights
and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Master Servicer, the Special
Servicer, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization Note Holder. The Lead Securitization
Servicing Agreement shall not be amended in any manner that may adversely affect any Non-Lead Securitization Note Holder in its
capacity as Non-Lead Securitization Note Holder. Each Non-Lead Securitization Note Holder (unless it is the same Person as or
an Affiliate of the Mortgage Loan Borrower) shall be a third-party beneficiary to the Lead Securitization Servicing Agreement
with respect to their rights as specifically provided for therein.

(c)          The
Controlling Note Holder (or its Controlling Note Holder Representative) shall have, with respect to the Mortgage Loan, all of
the same rights and powers of the Controlling Class Representative under the Lead Securitization Servicing Agreement with respect
to the other mortgage loans included in the Lead Securitization, without limitation, the right to consent and/or consult regarding
Major Decisions and other servicing matters, the right to advise (1) the Special Servicer with respect to all Specially Serviced
Loans and (2) the Special Servicer with respect to non-Specially Serviced Loans as to all matters for which the Master Servicer
must obtain the consent or deemed consent of the Special Servicer, and the right to direct the Special Servicer to take, or to
refrain from taking, such other actions with respect to the Mortgage Loan as the Controlling Class Representative may deem advisable
or as to which provision is otherwise made therein, in each case subject to the terms and conditions of the Lead Securitization
Servicing Agreement.

(d)          Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be required (i) to provide copies of any notice, information and report that it is required to provide to the Lead Securitization
Subordinate Class Representative pursuant to the Lead Securitization Servicing Agreement with respect to any Major Decisions or
the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to the Non-Controlling
Note Holders (or the master servicers of the Non-Controlling Note Securitizations on their behalf), within the same time frame
it is required to provide to the Lead Securitization Subordinate Class Representative (for this purpose, without regard to whether
such items are actually required to be provided to the Lead Securitization Subordinate Class Representative under the Lead Securitization
Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event) and (ii) to consult
with the Non-Controlling Note Holders (or their Non-Controlling Note Holder Representative) on a strictly non-binding basis, to
the extent having received such notices, information and reports, a Non-Controlling Note Holder (or the Non-Controlling Note Holder
Representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended actions
outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative); provided that
after the expiration of a period of ten (10) Business Days from the delivery to the Non‐Controlling Note Holders (or the
master servicer of the Non-Controlling Note Securitization on their behalf) by the Lead Securitization Note Holder

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of
written notice of a proposed action, together with copies of the notice, information and report required to be provided to the
Lead Securitization Subordinate Class Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special
Servicer acting on its behalf) shall no longer be obligated to consult with the Non‐Controlling Note Holders (or its Non-Controlling
Note Holder Representative), whether or not a Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
has responded within such ten (10) Business Day period (unless, the Lead Securitization Note Holder (or the Master Servicer or
the Special Servicer acting on its behalf) proposes a new course of action that is materially different from the action previously
proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery
of all information relating thereto). Notwithstanding the consultation rights of the Non-Controlling Note Holders (or its Non-Controlling
Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Servicer
or Special Servicer, acting on its behalf) may make any Major Decision or take any action set forth in the Asset Status Report
before the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization Note Holder (or Master Servicer
or Special Servicer, as applicable) determines that immediate action with respect thereto is necessary to protect the interests
of the Note Holders. In no event shall the Lead Securitization Note Holder (or Servicer or Special Servicer, acting on its behalf)
be obligated at any time to follow or take any alternative actions recommended by the Non-Controlling Note Holders (or the Non-Controlling
Note Holder Representative).

In
addition to the consultation rights of the Non-Controlling Note Holders (or the Non-Controlling Note Holder Representative) provided
in the immediately preceding paragraph, the Non-Controlling Note Holders shall have the right to attend annual meetings (either
telephonically or in person, in the discretion of the Servicer) with the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) at the offices of the Master Servicer or the Special Servicer, as applicable, upon
reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable, in which servicing
issues related to the Mortgage Loan are discussed; provided that the Non-Controlling
Note Holders, at the request of the Master Servicer or the Special Servicer, as applicable, shall execute a confidentiality agreement
in form and substance satisfactory to it, the Master Servicer or the Special Servicer, as applicable, and the Lead Securitization
Note Holder.

(e)          If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage Loan shall
be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage” within
the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired by or on behalf
of the Note Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure of the
Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of the pro
rata share of each Note Holder therein shall at all times qualify as “foreclosure property” within the
meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan,
consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers
or rights which the Note Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant
modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b)

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of
the regulations of the United States Department of the Treasury, more than three (3) months after the startup day of the REMIC
which includes the Notes (or any portion thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected
by compliance with any REMIC provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage
Loan.

Anything
herein or in the Lead Securitization Servicing Agreement to the contrary notwithstanding, in the event that one of the Notes is
included in a REMIC and the other is not, such other Note Holder shall not be required to reimburse such Note Holder or any other
Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC
or to any determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any
of the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from the use of funds
for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to
the other Note Holder be reduced to offset or make-up any such payment or deficit.

Section
6.          Appointment of Controlling Note Holder Representative
and Non-Controlling Note Holder Representative.

(a)          The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising its various
rights under Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each case, act through
the Controlling Note Holder Representative. The Controlling Note Holder Representative may be any Person (other than the Mortgage
Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation, the Controlling Note
Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any other unrelated
third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other
than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement
may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. No Servicer, Operating
Advisor, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall be required to recognize
any Person as a Controlling Note Holder Representative until the Controlling Note Holder has notified each Servicer, Operating
Advisor, Trustee and Certificate Administrator of such appointment and, if the Controlling Note Holder Representative is not the
same Person as the Controlling Note Holder, the Controlling Note Holder Representative provides each Servicer, Operating Advisor,
Trustee, Asset Representations Reviewer and Certificate Administrator with written confirmation of its acceptance of such appointment,
an address and facsimile number for the delivery of notices and other correspondence and a list of officers or employees of such
person with whom the parties to this Agreement may deal (including their names, titles, work addresses and facsimile numbers).
The Controlling Note Holder shall promptly deliver such information to each Servicer, Operating Advisor, Asset Representations
Reviewer, Trustee and Certificate Administrator. So long as no

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Consultation
Termination Event is in effect pursuant to the terms of the Lead Securitization Servicing Agreement, the Controlling Note Holder
Representative shall be the Lead Securitization Subordinate Class Representative.

(b)          Neither
the Controlling Note Holder Representative nor the Controlling Note Holder will have any liability to the other Note Holders or
any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent or the failure
to give any consent pursuant to this Agreement or the Lead Securitization Servicing Agreement, or errors in judgment, absent any
loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence. The Note Holders agree
that the Controlling Note Holder Representative and the Controlling Note Holder (whether acting in place of the Controlling Note
Holder Representative when no Controlling Note Holder Representative shall have been appointed hereunder or otherwise exercising
any right, power or privilege granted to the Controlling Note Holder hereunder) may take or refrain from taking actions, or give
or refrain from giving consents, that favor the interests of one Note Holder over the other Note Holder, and that the Controlling
Note Holder Representative may have special relationships and interests that conflict with the interests of a Note Holder and,
absent willful misfeasance, bad faith or gross negligence on the part of the Controlling Note Holder Representative or the Controlling
Note Holder, as the case may be, agree to take no action against the Controlling Note Holder Representative, the Controlling Note
Holder or any of their respective officers, directors, employees, principals or agents as a result of such special relationships
or interests, and that neither the Controlling Note Holder Representative nor the Controlling Note Holder will be deemed to have
been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded
any exercise of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed
to give any consent, solely in the interests of any Note Holder.

(c)          The
Non-Controlling Note Holders shall have the right at any time to appoint a representative agreed upon by each Non-Controlling
Note Holder in connection with the exercise of their rights and obligations with respect to the Mortgage Loan (a “Non-Controlling
Note Holder Representative”). All of the provisions relating to Controlling Note Holder and the Controlling Note Holder
Representative set forth in Section 6(a) (except those contained in the last sentence thereof) and Section 6(b) shall apply
to the Non-Controlling Note Holder and the Non-Controlling Note Holder Representative mutatis
mutandis. The Non-Controlling Note Holder Representative, as of the date of this Agreement and until the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Initial Note A-2 Holder.

(d)          The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Lead Securitization Note hereunder
and the rights and powers granted to the “Controlling Class Representative” or similar party under, and as
defined in, the Lead Securitization Servicing Agreement with respect to the Mortgage Loan. In addition, subject to the terms of
the Lead Securitization Servicing Agreement, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer
with respect to all matters related to a “Specially Serviced Mortgage Loan” (as defined in the Lead Securitization
Servicing Agreement) and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent
or deemed consent of the Special Servicer, and, except as set forth below (i) the Master

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Servicer
shall not be permitted to implement any Major Decision unless it has obtained the prior written consent of the Special Servicer
and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s implementing any Major Decision
nor will the Special Servicer itself be permitted to implement any Major Decision as to which the Controlling Note Holder has
objected in writing within ten (10) Business Days (or 30 days with respect to an Acceptable Insurance Default if so provided
for in the Lead Securitization Servicing Agreement) after receipt of the written recommendation and analysis and such additional
information requested by the Controlling Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder
in order to make a judgment with respect to such Major Decision. The Controlling Note Holder may also direct the Special Servicer
to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as the Controlling Note Holder may deem
advisable.

If
the Controlling Note Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision
within ten (10) Business Days (or 30 days with respect to an Acceptable Insurance Default if so provided in the Lead Securitization
Servicing Agreement) after delivery to the Controlling Note Holder by the applicable Servicer of written notice of a proposed
Major Decision together with any information requested by the Controlling Note Holder as may be necessary in the reasonable judgment
of the Controlling Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day (or 30 days
with respect to an Acceptable Insurance Default if so provided in the Lead Securitization Servicing Agreement) period, such Major
Decision shall be deemed to have been approved by the Controlling Note Holder.

In
the event that the Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Lead Securitization
Servicing Agreement to take such action), as applicable, determines that immediate action, with respect to the foregoing matters,
or any other matter requiring consent of the Controlling Note Holder is necessary to protect the interests of the Note Holders
(as a collective whole) and the Special Servicer has made a reasonable effort to contact the Controlling Note Holder, the Master
Servicer or the Special Servicer, as the case may be, may take any such action without waiting for the Controlling Note Holder’s
response.

No
objection contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as applicable,
to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement, this Agreement,
the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance with the
Servicing Standard or materially expand the scope of responsibilities of any of the Master Servicer or Special Servicer, as applicable.

The
Controlling Note Holder shall have no liability to the other Note Holders or any other party for any action taken, or for refraining
from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the
Lead Securitization Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its
willful misfeasance, bad faith or gross negligence. The Note Holders agree that the Controlling Note Holder may take or refrain
from taking actions, or give or refrain from giving consents, that favor the interests of one Note Holder over the other Note
Holder, and that the Controlling Note Holder may have special relationships and interests that conflict with the interests of
another Note Holder and, absent willful misconduct, bad faith or gross negligence on

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the
part of the Controlling Note Holder agree to take no action against the Controlling Note Holder or any of its officers, directors,
employees, principals or agents as a result of such special relationships or interests, and that the Controlling Note Holder shall
not be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misconduct or to
have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting, or having given
any consent or having failed to give any consent, solely in the interests of any Note Holder.

Section
7.     Appointment of Special Servicer. Subject to the terms of the Lead
Securitization Servicing Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative) shall have
the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect
to the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by Controlling Note Holder
(or its Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to the
other Note Holder, the Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization
Servicing Agreement a written notice stating such designation and satisfying the Required Special Servicer Rating and the
other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement (including, without
limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization Servicing Agreement), if any.
The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement
without cause. The Controlling Note Holder shall notify the other parties hereto of its termination of the then currently
serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7. If
the Controlling Note Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation of
the securitization under the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the
Lead Securitization Servicing Agreement shall serve as the initial Special Servicer but this shall not limit the right of the
Controlling Note Holder (or its Controlling Note Holder Representative) to designate a replacement Special Servicer for the
Mortgage Loan as aforesaid. If a Servicer Termination Event on the part of the Special Servicer has occurred that affects a
Non-Controlling Note Holder, such Non-Controlling Note Holder shall have the right to direct the Trustee (or at any time
that the Mortgage Loan is no longer included in a Securitization Trust, the Controlling Note Holder) to terminate the Special
Servicer under the Lead Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the
provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant to which the Mortgage
Loan is being serviced) solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the Lead
Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead
Securitization Servicing Agreement, the successor servicing agreement pursuant to which the Mortgage Loan is being serviced).
The Controlling Note Holder and the Non-Controlling Note Holders acknowledge and agree that any successor special servicer
appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at a
Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so
terminated without the prior written consent of each Non-Controlling Note Holder. The Non-Controlling Note Holders shall be
solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and
expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that
would

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otherwise
be reimbursed to the Trustee from amounts on deposit in the Certificate Account or Loan Combination Custodial Account.

Section
8.          Payment Procedure.

(a)          The
Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead
Securitization Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes to the Certificate
Account or Loan Combination Custodial Account pursuant to and in accordance with the Lead Securitization Servicing Agreement.
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall deposit such amounts to the applicable
account within one (1) Business Day after receipt of properly identified funds by the Lead Securitization Note Holder (or the
Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower; provided,
however, that to the extent any such amounts are received after 2:00 p.m. Eastern
Time on any given Business Day, the Master Servicer shall use commercially reasonable efforts to deposit such amounts into the
applicable account within one (1) Business Day of receipt of such properly identified and available funds but, in any event, the
Master Servicer shall deposit such amounts in the applicable account within two (2) Business Days of receipt of such properly
identified and available funds.

(b)          If
the Lead Securitization Note Holder (or the Servicer on its behalf) determines, or a court of competent jurisdiction orders, at
any time that any amount received or collected in respect of any Note must, pursuant to any insolvency, bankruptcy, fraudulent
conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to the Lead Securitization Note Holder,
a Non-Lead Securitization Note Holder or any Servicer or paid to any other Person, then, notwithstanding any other provision of
this Agreement, the Lead Securitization Note Holder shall not be required to distribute any portion thereof to the Non-Lead Securitization
Note Holders and the Non-Lead Securitization Note Holders will promptly on demand by the Lead Securitization Note Holder repay
to the Lead Securitization Note Holder any portion thereof that the Lead Securitization Note Holder shall have theretofore distributed
to the Non-Lead Securitization Note Holders, together with interest thereon at such rate, if any, as the Lead Securitization Note
Holder shall have been required to pay to any Mortgage Loan Borrower, Master Servicer, Special Servicer or such other Person with
respect thereto.

(c)          If,
for any reason, the Lead Securitization Note Holder (or the Servicer on its behalf) makes any payment to a Non-Lead Securitization
Note Holder before the Lead Securitization Note Holder (or the Servicer on its behalf) has received the corresponding payment
(it being understood that the Lead Securitization Note Holder (or the Servicer on its behalf) is under no obligation to do so),
and the Lead Securitization Note Holder (or the Servicer on its behalf) does not receive the corresponding payment within five
(5) Business Days of its payment to the related Non-Lead Securitization Note Holder, such Non-Lead Securitization Note Holder
shall, at the Lead Securitization Note Holder’s request, promptly return that payment to the Lead Securitization Note Holder.

(d)          Each
Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it shall promptly remit such excess to the applicable Note Holder, subject to this

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Agreement
and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to offset any amounts
due hereunder from the Non-Lead Securitization Note Holders with respect to the Mortgage Loan against any future payments due
to such Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead Securitization Note Holder’s obligations
under this Section 8 constitute absolute, unconditional and continuing obligations.

Section
9.     Limitation on Liability of the Note Holders. Subject
to the terms of the Lead Securitization Servicing Agreement governing servicer liability, each Note Holder shall have
no liability to the other Note Holder with respect to its Note except with respect to losses actually suffered due to the
gross negligence, willful misconduct or breach of this Agreement on the part of such Note Holder.

The
Note Holders acknowledge that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the
Trustee) to comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including
any Servicer and the Trustee) may exercise, or omit to exercise, any rights that the Lead Securitization Note Holder may have
under the Lead Securitization Servicing Agreement in a manner that may be adverse to the interests of any Non-Lead Securitization
Note Holder and that the Lead Securitization Note Holder (including any Servicer and the Trustee) shall have no liability whatsoever
to the Non-Lead Securitization Note Holders in connection with the Lead Securitization Note Holder’s exercise of rights
or any omission by the Lead Securitization Note Holder to exercise such rights other than as described above; provided,
however, that the Servicer must act in accordance with the Servicing Standard.

Section
10.     Bankruptcy. Subject to Section 5(c), each Note Holder hereby
covenants and agrees that only the Lead Securitization Note Holder has the right to institute, file, commence, acquiesce,
petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise invoke or cause
any other Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint
a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage
Loan Borrower or all or any part of its property or assets or ordering the winding-up or liquidation of the affairs of the
Mortgage Loan Borrower. Each Note Holder further agrees that only the Lead Securitization Note Holder, and not the Non-Lead
Securitization Note Holder, can make any election, give any consent, commence any action or file any motion, claim,
obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the
Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby appoint the Lead Securitization Note Holder as
their agent, and grant to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and
their proxy, for the purpose of exercising any and all rights and taking any and all actions available to the Non-Lead
Securitization Note Holder in connection with any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or
in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute any claim, vote to
accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan,
and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Note Holders
hereby agree that, upon the request of the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder shall
execute, acknowledge and deliver to the Lead Securitization

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Note
Holder all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request
for the better assuring and evidencing of the foregoing appointment and grant. All actions taken by the Servicer in connection
with any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

Section
11.     Representations of the Note Holders. Each Note Holder represents and
warrants that the execution, delivery and performance of this Agreement is within its corporate powers, has been duly
authorized by all necessary corporate action, and does not contravene such Note Holder’s charter or any law or
contractual restriction binding upon such Note Holder, and that this Agreement is the legal, valid and binding obligation of
such Note Holder enforceable against such Note Holder in accordance with its terms, except as such enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights generally, and by general principles of equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and contribution
obligations may be limited by applicable law. Each Note Holder represents and warrants that it is duly organized, validly
existing, in good standing and in possession of all licenses and authorizations necessary to carry on its business. Each Note
Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to such
Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or with any court or
governmental agency or body, if any, required for the execution, delivery and performance of this Agreement by such Note
Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no pending action, suit or
proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of which would materially
and adversely affect its performance under this Agreement.

Section
12.     No Creation of a Partnership or Exclusive Purchase Right. Nothing contained
in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between
the Note Holders as a partnership, association, joint venture or other entity. Neither Note Holder shall have any obligation
whatsoever to offer to the other Note Holder the opportunity to purchase a participation interest in any future loans
originated by such Note Holder or its Affiliates and if either Note Holder chooses to offer to the other Note Holder the
opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its
Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and
absolute discretion. Neither Note Holder shall have any obligation whatsoever to purchase from the other Note Holder a
participation interest in any future loans originated by such Note Holder or its Affiliates.

Section
13.     Other Business Activities of the Note Holders. Each Note Holder
acknowledges that the other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage
in any kind of business with, the Mortgage Loan Borrower or any Affiliate thereof, any entity that is a holder of debt
secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred
equity interest in the Mortgage Loan Borrower (each, a “Mortgage Loan Borrower Related Party”), and
receive payments on such other loans or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with
respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated
hereby were not in effect.

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Section
14.     Sale of the Notes.

(a)          Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d) hereof) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-transferring Note Holder shall be provided with
(x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or in accordance with the immediately following sentence) and (y) a copy of
the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its respective
Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain (1) prior to a Securitization,
the consent of the non-transferring Note Holder or (2) after a Securitization of such non-transferring Note Holder’s Note,
Rating Agency Confirmation. Notwithstanding the foregoing, without the non-transferring Note Holder’s prior consent (which
will not be unreasonably withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust,
without Rating Agency Confirmation, no Note Holder shall Transfer all or any portion of its Note (or a participation interest
in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely
null and void and shall vest no rights in the purported transferee. The transferring Note Holder agrees that it will pay the expenses
of the non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and
all expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing,
each Note Holder shall have the right, without the need to obtain the consent of the other Note Holder, the Rating Agencies or
any other Person, to Transfer 49% or less (in the aggregate) of its Note or any beneficial interest in its Note. None of the provisions
of this Section 14(a) shall apply in the case of (1) a sale of all Notes together, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming
a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest in which is owned
directly or indirectly, through one or more single member limited liability companies or limited partnerships, by the Lead Securitization
Trust.

For
the purposes of this Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage
any request for a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade
or withdrawal of its then current rating of the securities issued pursuant to the related Securitization, such waiver, declination,
or refusal shall be deemed to eliminate, for such request only, the condition that such confirmation by such Rating Agency (only)
be obtained for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise
engage in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise
engage in any subsequent request for such Rating Agency confirmation hereunder and the condition for such Rating Agency confirmation
pursuant to this

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Agreement
for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage
in such prior request.

(b)          In
the case of any Transfer of a participation interest in any of the Notes, (i) the respective Note Holders’ obligations
under this Agreement shall remain unchanged, (ii) such Note Holders shall remain solely responsible for the performance of such
obligations, and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf shall continue to deal solely
and directly with such Note Holder in connection with such Note Holder’s rights and obligations under this Agreement and
the Lead Securitization Servicing Agreement, and all amounts payable hereunder shall be determined as if such Note Holder had
not sold such participation interest.

(c)          Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than
the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that is
either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least
“A” (or the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and
conditions set forth in this Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a
Note Holder or any person which Controls such Note that is secured by its Note and is structured as a repurchase arrangement,
shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which is not a Qualified
Institutional Lender may not take title to the pledged Note without a Rating Agency Confirmation. Upon written notice by the
applicable Note Holder to the other Note Holders and any Servicer that a Pledge has been effected (including the name and
address of the applicable Note Pledgee), the other Note Holders agree to acknowledge receipt of such notice and thereafter
agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations
under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten
(10) days to cure a default by the pledging Note Holder in respect of its obligations to the other Note Holders hereunder,
but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or
termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee,
which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holders shall give to
such Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging
Note Holder; (v) that such other Note Holders shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee
shall reasonably request, provided that any such certificate(s) shall be in a
form reasonably satisfactory to such other Note Holders; and (vi) that, upon written notice (a
“Redirection Notice”) to the other Note Holders and any Servicer by such Note Pledgee that the pledging
Note Holder is in default, beyond any applicable cure periods, under the pledging Note Holder’s obligations to such
Note Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and such Note Pledgee (which notice
need not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded
by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or Servicer would otherwise
be obligated to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead Securitization
Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases the other Note Holders and any
Servicer from any liability to the pledging Note Holder on account of such
other Note Holders’ or Servicers’ compliance with any

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 Redirection Notice believed by any Servicer or such other
Note Holders to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies
against the pledging Note Holder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral),
in accordance with applicable law and this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note
Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional
Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor
and assigns, as the successor to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and
any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder
accruing from and after such Transfer (i.e., realization upon the collateral
by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under
this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall
have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

(d)          Notwithstanding
any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified Institutional Lender
provides financing to a Note Holder then such Note Holder shall have the right to grant a security interest in its Note to such
Conduit notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions are satisfied:

(i)           The
loan (the “Conduit Inventory Loan”) made by the Conduit to such Note Holder to finance the acquisition and
holding of its Note requires a third party (the “Conduit Credit Enhancer”) to provide credit enhancement;

(ii)          The
Conduit Credit Enhancer is a Qualified Institutional Lender;

(iii)         Such
Note Holder pledges its interest in its Note to the Conduit as collateral for the Conduit Inventory Loan;

(iv)         The
Conduit Credit Enhancer and the Conduit agree that, if such Note Holder defaults under the Conduit Inventory Loan, or if the Conduit
is unable to refinance its outstanding commercial paper even if there is no default by such Note Holder, the Conduit Credit Enhancer
will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Note Holder’s
Note to the Conduit Credit Enhancer; and

(v)          Unless
the Conduit is in fact then a Qualified Institutional Lender, the Conduit will not without obtaining a Rating Agency Confirmation
from each Rating Agency have any greater right to acquire the interests in the Note pledged by such Note Holder, by foreclosure
or otherwise, than would any other purchaser that is not a Qualified Institutional Lender at a foreclosure sale conducted by a
Note Pledgee.

Section
15.     Registration of the Notes and Each Note Holder. The Agent shall keep or
cause to be kept at the Agent Office books (the “Note Register”) for the registration and transfer of
the Notes. The Agent shall serve as the initial note registrar and the Agent hereby

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accepts
such appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee of any Note
of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to in this Section
15, shall be registered in the Note Register. The Person in whose name a Note Holder is so registered shall be deemed and treated
as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note Holders who may
hold their Notes through a nominee. Upon request of a Note Holder (including a Servicer on its behalf), the Agent shall provide
such party with the names and addresses of the other Note Holder. To the extent the Trustee or another party is appointed as Agent
hereunder, each Note Holder hereby designates such person as its agent under this Section 15 solely for purposes of maintaining
the Note Register.

In
connection with any Transfer of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall
execute an assignment and assumption agreement (unless the transferee is a Securitization
Trust and the related pooling and servicing agreement requires the parties thereto to comply with this Agreement), whereby such
transferee assumes all of the obligations of the applicable Note Holder hereunder with respect to such Note thereafter accruing
and agrees to be bound by the terms of this Agreement, including the applicable restriction on Transfers set forth in Section
14, from and after the date of such assignment. No transfer of a Note may be made unless it is registered on the Note Register,
and the Agent shall not recognize any attempted or purported transfer of any Note in violation of the provisions of Section 14
and this Section 15. Any such purported transfer shall be absolutely null and void and shall vest no rights in the purported transferee.
Each Note Holder desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and the other Note Holder
against any liability that may result if the transfer is not made in accordance with the provisions of this Agreement.

Section
16.     Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR
THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW
RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT.

Section
17.     Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably
and unconditionally:

(a)          SUBMITS
FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND ENFORCEMENT OF
ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF;

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(b)          CONSENTS
THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING
WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

(c)          AGREES
THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED
MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO ITS ADDRESS SET FORTH HEREIN OR AT SUCH OTHER ADDRESS OF
WHICH A PARTY HEREIN SHALL HAVE BEEN NOTIFIED; AND

(d)          AGREES
THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE
RIGHT TO SUE IN ANY OTHER JURISDICTION.

Section
18.     Modifications. This Agreement shall not be modified, cancelled or
terminated except by an instrument in writing signed by each Note Holder. Additionally, for as long as any Note is contained
in a Securitization Trust, the Note Holders shall not amend or modify this Agreement without first receiving a Rating Agency
Confirmation from each Rating Agency then rating securities backed by a Note; provided that no such Rating Agency
Confirmation shall be required in connection with a modification or amendment (i) to cure any ambiguity, (ii) to correct or
supplement any provisions herein that may be defective or inconsistent with any other provisions of this Agreement, the Lead
Securitization Servicing Agreement or the final disclosure documents relating to the Lead Securitization, or (iii) entered
into pursuant to Section 31 of this Agreement.

Section
19.     Successors and Assigns; Third Party Beneficiaries. This Agreement shall
inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. Except as
provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer,
Special Servicer, Non-Lead Master Servicers, Non-Lead Special Servicers and Non-Lead Trustees, none of the provisions of this
Agreement shall be for the benefit of or enforceable by any Person not a party hereto. Subject to Section 14 and Section
15, each Note Holder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment, the
assignee shall be entitled to all rights and benefits of the applicable Note Holder hereunder.

Section
20.     Counterparts. This Agreement may be executed in any number of counterparts
and all of such counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart of a
signature page of this Agreement in Portable Document Format (PDF) or by facsimile transmission shall be effective as
delivery of a manually executed original counterpart of this Agreement.

Section
21.     Captions. The titles and headings of the paragraphs of this Agreement have
been inserted for convenience of reference only and are not intended to

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summarize
or otherwise describe the subject matter of the paragraphs and shall not be given any consideration in the construction of this
Agreement.

Section
22.     Severability. Wherever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be
prohibited by or invalid under applicable laws, such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

Section
23.     Entire Agreement. This Agreement constitutes the entire agreement between
the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements,
understandings and negotiations between the parties.

Section
24.     Withholding Taxes.  (a) If the Lead Securitization Note Holder
or the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes from interest, fees or other amounts
payable to a Non-Lead Securitization Note Holder with respect to the Mortgage Loan as a result of such Non-Lead
Securitization Note Holder constituting a Non-Exempt Person, the Lead Securitization Note Holder, in its capacity as
servicer, shall be entitled to do so with respect to such Non-Lead Securitization Note Holder’s interest in such
payment (all withheld amounts being deemed paid to such Note Holder), provided
that the Lead Securitization Note Holder shall furnish each Non-Lead Securitization Note Holder with a statement setting
forth the amount of Taxes withheld, the applicable rate and other information which may reasonably be requested for purposes
of assisting such Note Holder to seek any allowable credits or deductions for the Taxes so withheld in each jurisdiction in
which such Note Holder is subject to tax.

(b)          Each
Non-Lead Securitization Note Holder shall and hereby agrees to indemnify the Lead Securitization Note Holder against and hold
the Lead Securitization Note Holder harmless from and against any Taxes, interest, penalties and attorneys’ fees and disbursements
arising or resulting from any failure of the Lead Securitization Note Holder to withhold Taxes from payment made to the Non-Lead
Securitization Note Holders in reliance upon any representation, certificate, statement, document or instrument made or provided
by such Non-Lead Securitization Note Holder to the Lead Securitization Note Holder in connection with the obligation of the Lead
Securitization Note Holder to withhold Taxes from payments made to Non-Lead Securitization Note Holders, it being expressly understood
and agreed that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) the applicable Non-Lead Securitization Note Holder, upon request of the Lead Securitization Note Holder and
at its sole cost and expense, shall defend any claim or action relating to the foregoing indemnification using counsel selected
by the Lead Securitization Note Holder.

(c)          Each
Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the

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execution
of this Agreement and from time to time as necessary during the term of this Agreement, the Non-Lead Securitization Note Holders
shall deliver to the Lead Securitization Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization
Note Holder substantiating that such Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not
obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this
Agreement. Without limiting the effect of the foregoing, (i) if a Non-Lead Securitization Note Holder is created or organized
under the laws of the United States, any state thereof or the District of Columbia, it shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Securitization Note Holder an Internal Revenue Service Form W-9 and (ii) if a Non-Lead Securitization
Note Holder is not created or organized under the laws of the United States, any state thereof or the District of Columbia, and
if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States income tax purposes as
derived in whole or part from sources within the United States, such Note Holder shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Securitization Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate
attachments) or Form W-8BEN, or successor forms, as may be required from time to time, duly executed by such Note Holder, as evidence
of such Note Holder’s exemption from the withholding of United States tax with respect thereto. The Lead Securitization
Note Holder shall not be obligated to make any payment hereunder with respect to the Non-Lead Securitization Notes or otherwise
until the related Non-Lead Securitization Note Holder shall have furnished to the Lead Securitization Note Holder requested forms,
certificates, statements or documents.

Section
25.     Custody of Mortgage Loan Documents. The originals of all of the Mortgage
Loan Documents (other than the Non-Lead Securitization Notes) (a) prior to the Lead Securitization will be held by the
Initial Agent and (b) after the Lead Securitization, will be held by the Lead Securitization Note Holder (in the name of the
Trustee and held by a duly appointed custodian therefor in accordance with the Lead Securitization Servicing Agreement), in
each case, on behalf of the registered holders of the Notes.

Section
26.     Cooperation in Securitization.

(a)          Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization Note Holder,
the Non-Lead Securitization Note Holders shall use reasonable efforts, at Lead Securitization Note Holder’s expense, to
satisfy, and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy,
the market standards to which the Lead Securitization Note Holder customarily adheres or which may be reasonably required in the
marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable)
any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization Note Holder in
attempting to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case,
as may be reasonably requested by the Rating Agencies to effect the Securitization; provided,
however, that either in connection with the Lead Securitization or otherwise at
any time prior to the Lead Securitization, no Non-Lead Securitization Note Holder shall be required to modify or amend this Agreement
or any Mortgage

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Loan
Documents (or consent to such modification, as applicable) in connection therewith, if such modification or amendment would (i)
change the interest allocable to, or the amount of any payments due to or priority of such payments to, such Non-Lead Securitization
Note Holder or (ii) materially increase such Non-Lead Securitization Note Holder’s obligations or materially decrease such
Non-Lead Securitization Note Holder’s rights, remedies or protections. In connection with the Lead Securitization, each
Non-Lead Securitization Note Holder agrees to provide for inclusion in any disclosure document relating to the Lead Securitization
such information concerning such Non-Lead Securitization Note Holder and the related Non-Lead Securitization Note as the Lead
Securitization Note Holder reasonably determines to be necessary or appropriate, and each Non-Lead Securitization Note Holder
covenants and agrees that it shall, at the Lead Securitization Note Holder’s expense, cooperate with the reasonable requests
of each Rating Agency and Lead Securitization Note Holder in connection with the Lead Securitization (including, without limitation,
reasonably cooperating with the Lead Securitization Noteholder (without any obligation to make additional representations and
warranties) to enable the Lead Securitization Noteholder to make all necessary certifications and deliver all necessary opinions
(including customary securities law opinions) in connection with the Mortgage Loan and the Lead Securitization), as well as in
connection with all other matters and the preparation of any offering documents thereof and to review and respond reasonably promptly
with respect to any information relating to such Non-Lead Securitization Note Holder and the related Non-Lead Securitization Note
in any Securitization document. Each Non-Lead Securitization Note Holder acknowledges that the information provided by it to the
Lead Securitization Note Holder may be incorporated into the offering documents for the Lead Securitization. The Lead Securitization
Note Holder and each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, the Non-Lead Securitization
Note Holders. The Lead Securitization Note Holder will reasonably cooperate with the Non-Lead Securitization Note Holders by providing
all information reasonably requested that is in the Lead Securitization Note Holder’s possession in connection with the
Non-Lead Securitization Note Holders’ preparation of disclosure materials in connection with a Securitization.

Upon
request, the Lead Securitization Note Holder shall deliver to the Non-Lead Securitization Note Holders drafts of the preliminary
and final Lead Securitization offering memoranda, prospectus supplement, free writing prospectus and any other disclosure documents
and the Lead Securitization Servicing Agreement and provide reasonable opportunity to review and comment on such documents.

Section
27.     Notices. All notices required hereunder shall be given by (i) telephone
(confirmed promptly in writing) or shall be in writing and personally delivered, (ii) sent by facsimile transmission (during
business hours) if the sender on the same day sends a confirming copy of such notice by reputable overnight delivery service
(charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified United States mail, postage
prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit B
hereto, or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid.
All written notices so given shall be deemed effective upon receipt.

Section
28.     Broker. Each Note Holder represents to each other that no broker was
responsible for bringing about this transaction.

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Section
29.          Certain Matters Affecting the Agent.

(a)          The
Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

(b)          The
Agent may consult with counsel and 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 with such opinion of counsel;

(c)          The
Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at the request,
order or direction of any Note Holder pursuant to the provisions of this Agreement, unless it has received indemnity reasonably
satisfactory to it;

(d)          The
Agent or any of its directors, officers, employees, Affiliates, agents or “control” persons within the meaning of
the Act, shall not be personally liable for any action taken, suffered or omitted by it in good faith and reasonably believed
by the Agent to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

(e)          The
Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate or assignment
and assumption agreement delivered to the Agent pursuant to Section 15;

(f)          The
Agent may execute any of the powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys
but shall not be relieved of its obligations hereunder; and

(g)          The
Agent represents and warrants that it is a Qualified Institutional Lender.

Section
30.     Termination and Resignation of Agent.

(a)          The
Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event
that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall
be terminated, other than any rights or obligations that accrued prior to the date of such termination.

(b)          The
Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the
Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory
to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. Starwood, as Initial
Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent,
at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously
with the closing of the Lead Securitization, the Certificate Administrator shall be deemed to have been automatically appointed
as the successor Agent under this Agreement in place of Starwood without any further notice or other action. The termination or
resignation of such Certificate 

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Administrator, as Certificate Administrator under the Lead Securitization Servicing Agreement,
shall be deemed a termination or resignation of such Certificate Administrator
as Agent under this Agreement.

Section
31.     Resizing. Notwithstanding any other provision of this Agreement, for so
long as Starwood or an affiliate thereof (a “Starwood Entity”) is the owner of a Note or a portion
thereof that has not been sold pursuant to a Securitization (such Note or portion thereof, the “Owned
Note”), such Starwood Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause
the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in either case, “New
Notes”) reallocating the principal of the Owned Note to such New Notes; or severing the Owned Note into one or
more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of the Owned Note provided that (i) the aggregate principal balance of all outstanding New Notes following such
amendments is no greater than the aggregate principal of the Owned Note prior to such amendments, (ii) all Notes continue to
have the same weighted average interest rate as the Notes prior to such amendments, (iii) all Notes pay pro
rata and on a pari passu basis and such reallocated or component
notes shall be automatically subject to the terms of this Agreement, (iv) the Starwood Entity holding the New Notes shall
notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the
Trustee in writing of such modified allocations and principal amounts, and (v) the execution of such amendments and New Notes
does not violate the Servicing Standard. If the Lead Securitization Note Holder so requests, the Starwood Entity holding the
New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of this
Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for modifications pursuant to the Lead
Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent
of its holder and the consent of the holder of the other Note. In connection with the foregoing (provided the conditions set
forth in (i) through (v) above are satisfied, with respect to (i) through (iv), as certified by the Starwood Entity, on which
certification the Master Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to
the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the
purpose of reflecting such reallocation of principal. If more than one New Note is created hereunder, for purposes
of exercising the rights of the Non-Controlling Note Holder hereunder, the “Non-Controlling Note Holder” of
such New Notes shall be as provided in the definition of such term in this Agreement.

Section
32.     Statement of Intent. The Agent and each Noteholder intend that the Notes be
classified and maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed
investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent
with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable
mortgage pool” or association taxable as a corporation among the parties.

[SIGNATURE
PAGE FOLLOWS]

    48

     

    
IN
WITNESS WHEREOF, the Initial Note Holders have caused this Agreement to be duly executed as of the day and year first above written.

	 	STARWOOD
MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-1 Holder

	 	 	 
	 	By:
	/s/
                                                                                   Grace Y. Chiang

	 	 	Name: Grace
Y. Chiang

	 	 	Title:   Vice
President

	 	 	 
	 	STARWOOD
MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-2 Holder

	 	 
	 	By:
	/s/
                                                                                      Grace Y. Chiang

	 	 	Name: Grace
Y. Chiang

	 	 	Title:   Vice
President

	 	 	 
	 	STARWOOD
MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-3 Holder

	 	 
	 	By:
	/s/
                                                                                      Grace Y. Chiang

	 	 	Name: Grace
Y. Chiang

	 	 	Title:   Vice
President

	 	 	 
	 	

STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-4 Holder

	 	 
	 	By:
	/s/
                                                                                                 Grace Y. Chiang

	 	 	Name: Grace
Y. Chiang

	 	 	Title:   Vice
President

(Co-Lender
Agreement – Playa Largo)

     

     

    
	 	 	STARWOOD
MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-5 Holder

	 	 	 	 
	 	 	By:
	/s/
                                                                                   Grace Y. Chiang

	 	 	 	Name: Grace
Y. Chiang

	 	 	 	Title:   Vice
President

	 	 	 	 
	 	 	STARWOOD
MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-6 Holder

	 	 	 	 
	 	 	By:
	/s/
                                                                                   Grace Y. Chiang

	 	 	 	Name: Grace
Y. Chiang

	 	 	 	Title:   Vice
President

(Co-Lender
                                      Agreement – Playa Largo)

     

     

    
EXHIBIT
A

MORTGAGE LOAN SCHEDULE

Description
of Mortgage Loan

 

 

	Mortgage
Loan Borrower:
	Playa
Largo Hospitality PLHT, LLC, a Delaware limited liability company, as Trustee of the Key Largo Hospitality Land Trust, and land
trust established pursuant to the Florida Land Trust Act

	Date
of Mortgage Loan:
	May 17, 2018

	Date
of Note A-1:
	May 17, 2018

	Date
of Note A-2:
	May 17, 2018

	Date
of Note A-3:
	May 17, 2018

	Date
of Note A-4:
	May 17, 2018

	Date
of Note A-5:
	May 17, 2018

	Date
of Note A-6:
	May 17, 2018

	Original
Principal Amount of Mortgage Loan:
	$90,000,000

	Principal
Amount of Mortgage Loan as of the date hereof:
	$90,000,000

	Initial
Note A-1 Principal Balance:
	$35,000,000

	Initial
Note A-2 Principal Balance:
	$15,000,000

	Initial
Note A-3 Principal Balance:
	$15,000,000

	Initial
Note A-4 Principal Balance:
	$10,000,000

	Initial
Note A-5 Principal Balance:
	$10,000,000

    A-1

     

    
	Initial
Note A-6 Principal Balance:
	$5,000,000

	Location
of Mortgaged Property:
	97450
Overseas Highway 
Key Largo, Florida 33037

	Initial
Maturity Date:
	June 6, 2028

    A-2

     

    

EXHIBIT
B

 

1.         Initial
Note A-1 Holder:

 

(Prior
to Securitization of Note A-1):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715 – 0036

 

2.       Initial
Note A-2 Holder:

 

(Prior
to Securitization of Note A-2):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

    B-1

     

    

 

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715 – 0036

 

3.       Initial
Note A-3 Holder:

 

(Prior
to Securitization of Note A-3):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715 – 0036

 

4.       Initial
Note A-4 Holder:

 

(Prior
to Securitization of Note A-4):

 

    B-2

     

    

 

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715 – 0036

 

5.       Initial
Note A-5 Holder:

 

(Prior
to Securitization of Note A-5):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

    B-3

     

    

 

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715 – 0036

 

6.       Initial
Note A-6 Holder:

 

(Prior
to Securitization of Note A-6):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715 – 0036

 

    B-4

     

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

 

 

	1.	Apollo Global Real Estate
	2.	Archon Capital, L.P.
	3.	AREA Property Partners
	4.	BlackRock, Inc.
	5.	The Blackstone Group International Ltd.
	6.	Capital Trust, Inc.
	7.	Clarion Partners
	8.	Colony Capital, Inc.
	9.	DLJ Real Estate Capital Partners
	10.	Fortress Investment Group LLC
	11.	Garrison Investment Group
	12.	Goldman, Sachs & Co.
	13.	iStar Financial Inc.
	14.	J.E. Roberts Companies
	15.	Lend-Lease Real Estate Investments
	16.	LoanCore Capital
	17.	Lonestar Funds
	18.	Praedium Group
	19.	Raith Capital Partners, LLC
	20.	Rialto Capital Management, LLC
	21.	Rockpoint Group
	22.	Starwood Capital/Starwood Financial Trust
	23.	Torchlight Investors
	24.	Walton Street Capital, LLC
	25.	Westbrook Partners
	26.	WestRiver Capital
	27.	Whitehall Street Real Estate Fund, L.P.

 

    C-1Exhibit 4.11

 

SUBSERVICING
AGREEMENT

 

CD
2018-CD7 Mortgage Trust 

Commercial
Mortgage Pass-Through Certificates, 

Series
2018-CD7

 

Dated
as of August 1, 2018

 

between

 

KEYBANK
NATIONAL ASSOCIATION 

Master
Servicer

 

and

 

BERKELEY
POINT CAPITAL LLC 

Subservicer

 

     

    

    

 

TABLE
OF CONTENTS

	 	 	 	 
	 	 	 	Page
	 	 	 	 
	ARTICLE I. DEFINITIONS	 	1
	 	 	 	 
	 	Section 1.01.	Defined Terms	1
	 	 	 	 
	ARTICLE II. RETENTION AND AUTHORITY
    OF SUBSERVICER	4
	 	 	 	 
	 	Section 2.01.	Servicing Standard; Commencement of Servicing
    Responsibilities	4
	 	 	 	 
	 	Section 2.02.	Subservicing	4
	 	 	 	 
	 	Section 2.03.	Authority of Subservicer	4
	 	 	 	 
	ARTICLE III. SERVICES TO BE PERFORMED	6
	 	 	 	 
	 	Section 3.01.	Services as Subservicer	7
	 	 	 	 
	 	Section 3.02.	Portfolio Manager	12
	 	 	 	 
	 	Section 3.03.	Maintenance of Errors and Omissions and Fidelity
    Coverage	12
	 	 	 	 
	 	Section 3.04.	Delivery and Possession of Servicing Files	12
	 	 	 	 
	 	Section 3.05	Financial Statements of Subservicer	13
	 	 	 	 
	 	Section 3.06	Exchange Act Reporting and Regulation AB
    Compliance	13
	 	 	 	 
	ARTICLE IV. SUBSERVICER’S
    COMPENSATION AND EXPENSES	18
	 	 	 	 
	 	Section 4.01.	Subservicing Compensation	18
	 	 	 	 
	ARTICLE V. THE MASTER SERVICER AND
    THE SUBSERVICER	20
	 	 	 	 
	 	Section 5.01.	Subservicer Not to Assign; Merger or Consolidation
    of the Subservicer	20
	 	 	 	 
	 	Section 5.02.	Liability and Indemnification of the Subservicer
    and the Master Servicer	21
	 	 	 	 
	 	Section 5.03.	Representations and Warranties	22
	 	 	 	 
	ARTICLE VI. EVENTS OF DEFAULT; TERMINATION	24
	 	 	 	 
	 	Section 6.01.	Events of Default	24

 

    i 

    

    

 

	 	Section 6.02.	Termination of Agreement	27
	 	 	 	 
	ARTICLE VII. MISCELLANEOUS PROVISIONS	28
	 	 	 	 
	 	Section 7.01.	Amendment	28
	 	 	 	 
	 	Section 7.02.	Governing Law	28

 

	 	Section 7.03.	Notices	29
	 	 	 	 
	 	Section 7.04.	Consistency with PSA: Severability of Provisions	30
	 	 	 	 
	 	Section 7.05.	Inspection and Audit Rights	30
	 	 	 	 
	 	Section 7.06.	Binding Effect; No Partnership; Counterparts	30
	 	 	 	 
	 	Section 7.07.	Protection of Confidential Information	30
	 	 	 	 
	 	Section 7.08.	Construction	31
	 	 	 	 
	 	Section 7.09.	Sole and Absolute Discretion of Master Servicer	31
	 	 	 	 
	 	Section 7.10.	Exchange Act Rule 17g-5 Procedures	31

 

    ii 

    

    

 

LIST
OF EXHIBITS

 

	Exhibit A	Mortgage Loan Schedule
	 	 
	Exhibit B	Remittance Report
	 	 
	Exhibit C	Property Inspection Report
	 	 
	Exhibit D	Tax, Insurance, UCC and Letter of Credit Certification
	 	 
	Exhibit E	Account Certification
	 	 
	Exhibit F	Sarbanes-Oxley Performance Certification
	 	 

 

    iii 

    

    

 

THIS
SUBSERVICING AGREEMENT (this “Agreement”) is made effective as of August 1, 2018 by and between KEYBANK
NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, the “Master Servicer”),
and BERKELEY POINT CAPITAL LLC, a Delaware limited liability company (together with its successors and assigns permitted
under this Agreement, the “Subservicer”).

 

RECITALS

 

The
following Recitals are a material part of this Agreement:

 

A.       Pursuant
to the Pooling and Servicing Agreement (the “PSA”) dated as of August 1, 2018, among Deutsche Mortgage
& Asset Receiving Corporation, as Depositor, KeyBank National Association, as Master Servicer and Westside NYC Multifamily
Portfolio Special Servicer, Rialto Capital Advisors, LLC, as General Special Servicer, Wells Fargo Bank, National Association,
as Trustee, Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC, as Operating Advisor and
Asset Representations Reviewer, with respect to the CD 2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates,
Series 2018-CD7 (a copy of which has been delivered to the Subservicer), the Master Servicer services and administers the Mortgage
Loans (as defined below) on behalf of the Trust (as defined in the PSA).

 

B.       The
Master Servicer and the Subservicer desire to enter into an agreement whereby the Subservicer shall perform certain of the Master
Servicer’s servicing responsibilities under the PSA with respect to the Mortgage Loans as more specifically set forth in
this Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the mutual promises contained in this Agreement, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Master Servicer and the Subservicer hereby agree as follows:

 

ARTICLE
I.

 

DEFINITIONS

 

Section
1.01.     Defined Terms.

 

All
capitalized terms not otherwise defined in this Agreement have the meanings set forth in the PSA, and the following capitalized
terms have the respective meanings set forth below:

 

“Accepted
Subservicing Practices”: As defined in Section 2.01.

 

“Accounts”:
The Subservicer Collection Account and Servicing Accounts maintained by the Subservicer under this Agreement, each of which shall
be held in the name of the Subservicer, “in trust for KeyBank National Association, as Master Servicer, on behalf of Wells
Fargo Bank, National Association, as Trustee, for the benefit of the registered holders of CD 2018-CD7 Mortgage Trust Commercial
Mortgage Pass-Through Certificates, Series 2018-CD7.”

 

“Additional
Subservicing Compensation”: As defined in Section 4.01.

 

“Affiliate”:
With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified
Person. For the purposes of this definition, “control” when used

 

     

    

    

 

with
respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Agreement”:
This Subservicing Agreement, as amended, modified, supplemented or restated by the parties from time to time.

 

“Closing
Date”: August 24, 2018.

 

“Commission”:
The Securities and Exchange Commission or any successor thereto.

 

“Determination
Date”: With respect to any Distribution Date, the eleventh (11th) day of each calendar month (or, if the eleventh
(11th) calendar day of that month is not a Business Day, then the next Business Day), commencing in September 2018.

 

“Distribution
Date”: The fourth (4th) Business Day following each Determination Date, commencing in September 2018.

 

“EDGAR”:
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.

 

“Event
of Default”: As defined in Section 6.01.

 

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

 

“Indemnified
Party”: As defined in Section 7.10(b).

 

“Master
Servicer”: As defined in the first paragraph of this Agreement.

 

“Mortgage
Loan”: Each of the mortgage loans that are the subject of this Agreement and are identified on the Mortgage Loan
Schedule.

 

“Mortgage
Loan Schedule”: The schedule of certain mortgage loans attached hereto as Exhibit A, which schedule
sets forth certain information with respect to such mortgage loans, including the related Subservicing Fee Rate for each such
mortgage loan.

 

“Officer’s
Certificate”: A certificate signed by a Servicing Officer of the Subservicer.

 

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

 

“Property
Inspection Report”: A written report of each inspection of a Mortgaged Property performed by the Subservicer, which
shall be delivered electronically pursuant to this Agreement substantially in the form attached hereto as Exhibit C
(or in such other form as may be reasonably requested by the Master Servicer from time to time) and, in any event, shall set forth
in detail the condition of the subject Mortgaged Property and specify the occurrence or existence of any sale, transfer or abandonment
of, any change in the condition, occupancy or value of, or any waste committed on, the subject Mortgaged Property of which the
Subservicer is aware.

 

“PSA”:
As defined in the Recitals to this Agreement.

 

    2 

    

    

 

“Regulation
AB”: Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125,
as such rules may be amended from time to time, and subject to such clarification and interpretation as have been provided by
the Commission or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each
case as effective from time to time as of the compliance dates specified therein.

 

“Relevant
Servicing Criteria”: The Servicing Criteria applicable to the Subservicer, which are the Servicing Criteria applicable
to the Master Servicer as set forth on Schedule II of the PSA. With respect to any Servicing Function Participant or other subservicer
engaged by the Subservicer, the term “Relevant Servicing Criteria” refers to the items of the Relevant Servicing Criteria
applicable to the Subservicer that engaged such Servicing Function Participant or other subservicer that are applicable to such
Servicing Function Participant or other subservicer based on the functions it has been engaged to perform.

 

“Remittance
Report”: A written report regarding any remittance made pursuant to the terms and provisions of this Agreement,
which report shall be delivered electronically pursuant to this Agreement substantially in the form attached hereto as Exhibit
B (or in such other form as may be reasonably requested by the Master Servicer from time to time).

 

“Responsible
Officer”: Any officer or employee of the Subservicer or the Master Servicer, as the case may be, involved in or
responsible for the administration, supervision or management of this Agreement and whose name and specimen signature appear on
a list prepared by each party and delivered to the other party, as such list may be amended from time to time by either party.

 

“Restricted
Servicing Action”: As defined in Section 2.03(a).

 

“Servicing
Criteria”: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB as such may be amended from time
to time.

 

“Servicing
Officer”: Any officer and/or employee of the Subservicer 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 the Subservicer
to the Master Servicer on the Closing Date as such list may be amended from time to time thereafter.

 

“Servicing
Shift Securitization Date”: As defined in the PSA.

 

“Subservicer”:
As defined in the first paragraph of this Agreement.

 

“Subservicer
Collection Account”: As defined in Section 3.01(a)(iv).

 

“Subservicer
Remittance Date”: The Business Day immediately following the Determination Date.

 

“Subservicing
Fee”: With respect to each Mortgage Loan, the fee designated as such and payable to the Subservicer pursuant to
Section 4.01.

 

“Subservicing
Fee Rate”: A rate per annum with respect to each Mortgage Loan as set forth on the Mortgage Loan Schedule.

 

“Subservicing
File”: With respect to each Mortgage Loan, all documents, information and records relating to such Mortgage Loan
that are necessary or appropriate to enable the Subservicer to perform its obligations under this Agreement and any additional
documents or information related thereto maintained or created in any form by the Subservicer, including all analysis, working
papers, inspections reports,

 

    3 

    

    

 

written
communications with any Borrower or other Person, and all other information collected from or concerning any Borrower or the related
Mortgaged Property in the Subservicer’s possession.

 

“Tax,
Insurance, UCC and Letter of Credit Certification”: A written report certifying for the applicable quarterly period
that all property taxes and hazard insurance premiums that are due have been paid in full, that all UCC liens, assignments or
continuations are current and that all letters of credit are current, which report shall be delivered electronically pursuant
to this Agreement substantially in the form attached hereto as Exhibit D (or in such other form as may be reasonably
requested by the Master Servicer from time to time).

 

ARTICLE
II.

 

RETENTION
AND AUTHORITY OF SUBSERVICER

 

Section
2.01.       Servicing Standard; Commencement of Servicing Responsibilities.

 

The
Master Servicer hereby engages the Subservicer to perform, and the Subservicer hereby agrees to perform, the servicing duties
and obligations of the Master Servicer under the PSA with respect to the Mortgage Loans throughout the term of, and upon and subject
to the terms, covenants and provisions of, this Agreement. The Subservicer shall service and administer the Mortgage Loans pursuant
to this Agreement for the benefit of the Master Servicer and 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 Loans and any related intercreditor,
co-lender, participation or similar agreement(s), (iii) subject to Section 2.03(b), the reasonable directions and instructions
of the Master Servicer (including the forms and report formats reasonably requested by the Master Servicer), and (iv) all requirements
pertaining to the performance of such services under the PSA, including the Servicing Standard. The above-described servicing
standards are referred to in this Agreement as “Accepted Subservicing Practices.”

 

Section
2.02.       Subservicing.

 

To
the extent necessary for the Subservicer to comply with applicable laws, or if otherwise consented to by the Master Servicer,
the Subservicer may enter into any subservicing agreement with another subservicer that would permit such subservicer to perform
any or all of the Subservicer’s servicing responsibilities under this Agreement as long as each such subservicing agreement
complies with the requirements for subservicing agreements in PSA Section 3.01(c). Notwithstanding any subservicing agreement,
the Subservicer shall remain directly obligated and primarily liable to the Master Servicer for the servicing and administration
of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by
virtue of such subservicing agreement to the same extent and under the same terms and conditions as if the Subservicer were servicing
the Mortgage Loans alone.

 

Section
2.03.       Authority of Subservicer.

 

(a)       Except
as otherwise provided in this Agreement and subject to the terms of this Agreement and the right of the Special Servicer to process
Major Decisions, Special Servicer Major Decisions and Special Servicer Non-Major Decisions, the Master Servicer’s limitations
of authority as Master Servicer under the PSA, in performing its obligations under this Agreement, the Subservicer shall have
full power and authority to take any and all actions in connection with such obligations that it deems necessary or appropriate;
provided, however, that the Subservicer shall not take any of the following actions (each, a “Restricted
Servicing Action”) with respect to any Mortgage Loan without first notifying the Master

 

    4 

    

    

 

Servicer
in writing within one (1) Business Day after receiving notice of such action or the related Borrower’s request therefor:

 

(i)       any
release or disbursement of (A) earnout or holdback amounts securing a Mortgage Loan (which means, for the avoidance of doubt,
any disbursement or funding to a Borrower of previously funded (but held back), escrowed or otherwise reserved portion of the
original loan proceeds of such Mortgage Loan), or (B) other than in accordance with the specific terms of, or upon satisfaction
of, a Mortgage Loan, any other cash reserves or escrowed funds or other similar collateral (such as escrows for tax and insurance
payments) securing a Mortgage Loan;

 

(ii)       any
draw down of funds under, or any release, modification, amendment, alteration or renewal of, a letter of credit or other additional
collateral related to any Mortgage Loan;

 

(iii)       any
grant or withholding of consent to, or the performance of, any defeasance of a Mortgage Loan in accordance with PSA Section 3.09(g);

 

(iv)       any
modification, waiver, amendment or other action contemplated by PSA Sections 3.09 or 3.26, of or with respect to any Mortgage
Loan, whether or not material, including any forgiveness of principal, any change in the amount or timing of any payment of principal
or interest, maturity, extension rights or prepayment provisions or the substitution, full or partial release or addition of any
collateral for any Mortgage Loan (provided further, that consents to leasing activity are subject to Section 2.03(a)(xi)
below);

 

(v)        granting
or withholding consent to any transfer of ownership of a Mortgaged Property or any transfer of any interest in any Borrower or
any owner of a Mortgaged Property (including entering into any assumption agreement in connection therewith), or in connection
with an assumption of any Mortgage Loan or any other transaction contemplated by PSA Section 3.09 or waiving any requirement in
the related Mortgage Loan documents to pay any fees or expenses (including any Rating Agency fees or general out-of-pocket expenses
that include Rating Agency fees);

 

(vi)        granting
or withholding consent to any request for approval to encumber a Mortgaged Property with subordinate or other financing or to
encumber any interest in any Borrower or any owner of a Mortgaged Property with mezzanine financing;

 

(vii)       any
determination of whether or not to release any Insurance and Condemnation Proceeds to the Borrower under any Mortgage Loan;

 

(viii)      any
waiver of any Default Interest, Penalty Charges, prepayment premiums or Yield Maintenance Charges under any Mortgage Loan;

 

(ix)         any
action to initiate, prosecute and manage foreclosure proceedings or other legal proceedings related thereto in connection with
any Mortgage Loan;

 

(x)         any
termination or replacement, or consent to the termination or replacement, of a property manager with respect to any Mortgaged
Property, or any termination or change, or consent to the termination or change, of the franchise affiliation with respect to
any hospitality property that in whole or in part constitutes any Mortgaged Property;

 

    5 

    

    

 

(xi)        approving
or granting any consent to leasing activity (including any subordination, standstill and attornment agreement) with respect to
any Mortgaged Property;

 

(xii)       granting
any consent to any request by a Borrower for approval to incur additional indebtedness or to amend or modify its organizational
documents;

 

(xiii)       any
determination with respect to a Mortgage Loan as to whether a default has occurred under the related Mortgage Loan documents by
reason of any failure on the part of the related Borrower to maintain (A) any insurance required under the related Mortgage Loan
documents, (B) an all-risk casualty insurance policy or an extended coverage insurance policy (with special form coverage) that
does not contain any exclusion for (or a separate insurance policy that expressly provides coverage for) property damage resulting
from a terrorist or similar act, or (C) insurance coverage for property damage resulting from a terrorist or similar act upon
terms no less favorable than those in place as of the Closing Date; or

 

(xiv)       permitting,
or granting or withholding consent to, or performing a modification to permit, a Principal Prepayment of a Mortgage Loan.

 

With
respect to any Restricted Servicing Action performed by the Special Servicer under the terms of the PSA, the Subservicer shall
deliver to the Master Servicer (or, at the direction of the Master Servicer, to the Special Servicer) the related Borrower’s
request therefor and any other documents or information related thereto in its possession or otherwise requested by the Master
Servicer and the Subservicer shall not have any obligation to obtain any consent or approval from the Special Servicer. With respect
to any Restricted Servicing Action performed by the Master Servicer under the terms of the PSA, the Subservicer shall not perform
such action without obtaining the prior written consent of the Master Servicer (which consent (x) may be in the form of an asset
business plan approved in writing by the Master Servicer and (y) shall be subject to the prior approval of the Special Servicer,
the Directing Holder, if applicable, the Rating Agencies and any other Person if so required under the PSA, which approvals shall
be requested by the Master Servicer or, at the direction of the Master Servicer, by the Subservicer), except that the Subservicer
may, without the Master Servicer’s prior written consent, process any routine leasing activity described in Section 2.03(a)(xi)
with respect to a Mortgage Loan approval of routine leasing activities that (1) does not involve a ground lease or lease of
an outparcel, (2) affect an area less than the lesser of (i) 20,000 square feet and (ii) 20% of the net rentable area of the related
Mortgaged Property and (3) is not with respect to a lease that otherwise constitutes a “major lease” or “material
lease,” if applicable, under the related Mortgage Loan documents. Without limiting the foregoing, any Restricted Servicing
Action with respect to Principal Prepayments contemplated by Section 2.03(a)(xiv) shall be administered pursuant to Section
3.01(c).

 

(b)       Regardless
of whether the consent or approval of the Master Servicer is required pursuant to this Agreement, the Subservicer shall take,
or refrain from taking, any action that is directed by the Master Servicer and relates to the Subservicer’s obligations
under this Agreement; provided, however, that the Subservicer shall not be obligated to take any such action to
the extent that the Subservicer determines in its reasonable discretion that such action may cause (i) a violation of applicable
laws, court orders or restrictive covenants with respect to any Mortgage Loan or Mortgaged Property or (ii) a violation of any
term or provision of a Mortgage Loan.

 

ARTICLE
III.

 

SERVICES
TO BE PERFORMED

 

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Section
3.01.         Services as Subservicer.

 

With
respect to each Mortgage Loan, the Subservicer shall, in accordance with Accepted Subservicing Practices and subject to the supervision
of the Subservicer by the Master Servicer as set forth in this Agreement, perform the following servicing activities on behalf
of the Master Servicer:

 

(a)       The
Subservicer shall, subject to the limitations and restrictions on its authority otherwise set forth in this Agreement, perform
the duties and obligations with respect to the Mortgage Loans that the Master Servicer is required to perform under PSA Sections
2.03(d) (Rule 15Ga-1 reporting), 3.01 (general servicing; sub-servicing agreements), 3.03 (collections), 3.04 (taxes, assessment
and similar items; escrow accounts), 3.05(a) (collection accounts), 3.07 (investment of funds in collection accounts; other accounts),
3.08 (insurance), 3.09 (enforcement of alienation clauses), 3.11 (release of files), 3.13 (reports to the Certificate Administrator),
3.14 (access to certain documentation), 3.17 (additional obligations; inspections), 3.23 (notices of default and servicing transfers),
3.24 (special instructions), 3.25 (certain rights and obligations), 3.26 (modifications, waivers and amendments), 4.02 (reports;
financial statements) and Article X (Exchange Act reporting and Regulation AB compliance); provided, however, that:

 

 (i)       the
Subservicer shall file a UCC Financing Statement amendment continuing the effectiveness of each UCC Financing Statement filed
with respect to each Mortgage Loan within six (6) months before (and not later than three (3) months before) the expiration of
the five year period of effectiveness of such UCC Financing Statement, and shall deliver monthly reports of such UCC Financing
Statement amendments to the Master Servicer;

 

(ii)        the
Subservicer shall provide the Master Servicer with notice of any communication by the Borrower with respect to any related letter
of credit provided by such Borrower;

 

(iii)       the
Subservicer shall have no obligation to make Advances; provided, that the Subservicer shall provide the Master Servicer
not less than five (5) Business Days’ written notice before the date on which the Master Servicer is required to make any
Advance with respect to any Mortgage Loan (which notice shall include any and all information in the Subservicer’s possession,
and any additional information requested by the Master Servicer, that will enable the Master Servicer to determine whether such
Advance would constitute a Nonrecoverable Advance); provided, further, that if the Subservicer fails to provide
the Master Servicer with at least five (5) Business Days’ written notice that the Master Servicer will be required to make
an Advance, then the Subservicer shall itself make the required Advance and deliver to the Master Servicer a written request for
reimbursement therefor together with any and all information in its possession, and any additional information requested by the
Master Servicer, that will enable the Master Servicer to determine whether such Advance constitutes a Nonrecoverable Advance (the
Subservicer’s right to such reimbursement being (A) subject to the determination of the Master Servicer or any other Person
under the PSA of whether such Advance constitutes a Nonrecoverable Advance and (B) limited to the amount that the Master Servicer
is entitled to be reimbursed under the PSA);

 

(iv)       with
respect to each Mortgage Loan, the Subservicer shall, consistent with Accepted Subservicing Practices, monitor the related Borrower’s
insurance obligations in accordance with PSA Section 3.08, and in the event a Borrower fails to maintain such insurance, the Subservicer
shall promptly (A) notify the Master Servicer in writing of such Borrower’s failure to maintain such insurance and whether
or not such insurance is required by the terms of the related Mortgage Loan documents, and (B) deliver to the Master Servicer
all documents and other

 

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information
in Subservicer’s possession, and any additional information reasonably requested by the Master Servicer, to assist the Master
Servicer in determining, among other things, whether or not such insurance is available at commercially reasonable rates; provided
that the Subservicer shall not be required to maintain insurance coverage on any Mortgaged Property;

 

(v)       the
Subservicer shall establish a collection account (the “Subservicer Collection Account”) meeting all
of the requirements of the Collection Account maintained by the Master Servicer under the PSA, and references to the Collection
Account in PSA Section 3.05(a) shall be references to such Subservicer Collection Account; provided that any withdrawals
from the Subservicer Collection Account shall be made only as specifically authorized under this Agreement;

 

(vi)       the
creation of any Account shall be evidenced by a certification substantially in the form attached hereto as Exhibit E,
and a copy of any such certification shall be delivered to the Master Servicer on or prior to the Closing Date and thereafter
upon any transfer of such Account;

 

(vii)       the
Subservicer may invest the funds in the Accounts in one or more Permitted Investments on the same terms as the Master Servicer
may invest funds in the Collection Account under PSA Section 3.05, and subject to the same restrictions and obligations regarding
maturity dates, gains, losses, possession of Permitted Investments and Permitted Investments payable on demand;

 

(viii)       Section
3.03 of this Agreement shall control with respect to the Subservicer’s obligation to maintain a fidelity bond and errors
and omissions insurance policy that satisfies the requirements of PSA Section 3.08(d);

 

(ix)         Section
4.01 of this Agreement shall control with respect to which servicing fees and additional servicing compensation the Subservicer
may retain;

 

(x)          the
Subservicer shall, within forty (40) days after the Closing Date, deliver to the Master Servicer written evidence of each notification
to a related ground lessor pursuant to the PSA Section 3.17(d);

 

(xi)        all
notices, information, reports, certifications, consents and other documentation that are required under the PSA to be provided
by the Master Servicer to, or obtained by the Master Servicer from, the Trustee, the Depositor, any Mortgage Loan Seller, any
Rating Agency, the Directing Holder, the Certificate Administrator, the Operating Advisor, the Special Servicer, or any other
Person shall be provided by the Subservicer to the Master Servicer only (or as otherwise directed by the Master Servicer) within
the time set forth in this Agreement (or if no such time is set forth, within one (1) Business Day prior to the date on which
the Master Servicer is required to deliver such item to the applicable Person); and

 

(xii)       the
Subservicer shall not be responsible for any mortgage loan pool-wide reporting, including preparing, signing and filing with the
Commission any reports, statements and information under the PSA.

 

(b)       The
Subservicer shall promptly notify the Master Servicer in writing of all material collection and customer service issues (and in
any event, within one (1) Business Day after its knowledge thereof) and furnish the Master Servicer with copies of all written
communications regarding such issues

 

    8 

    

    

 

 between the Subservicer and any Borrower or any third party in connection with the Subservicer’s
obligations under this Agreement, including any assumption, prepayment or payoff request or notice and any default notice delivered
to a Borrower. The Subservicer shall send an initial delinquency notice in connection with any delinquent monthly payment but
shall not take any other action in connection with a delinquency or default under a Mortgage Loan (including any enforcement,
foreclosure or other action).

 

(c)       The
Subservicer shall: (i) promptly (and in any event, within one (1) Business Day) forward to the Master Servicer all requests for
or notices of Principal Prepayments; (ii) not later than five (5) Business Days after its receipt of any such request or notice,
deliver to the Master Servicer a payoff statement calculated by the Subservicer with respect to such Principal Prepayment setting
forth the amount of the Principal Prepayment, the aggregate interest accrued thereon, the rates used, the date of such rates,
and the other fees or expenses to be paid by the Borrower; and (iii) deliver to the Master Servicer any and all information requested
with respect to such Principal Prepayment to verify the Subservicer’s calculations or otherwise. All fees related to any
such Principal Prepayment shall be paid to the Master Servicer. If the Subservicer accepts any Principal Prepayment, then it shall
(pursuant to wiring instructions from the Master Servicer) remit such Principal Prepayment to the Master Servicer within one (1)
Business Day after its receipt thereof.

 

 If
the Subservicer breaches Section 2.03(a)(xiv) or this Section 3.01(c) in connection with any Principal Prepayment
resulting in an obligation by the Master Servicer to make a payment in respect of any Compensating Interest Payment or Prepayment
Interest Shortfall under PSA Section 3.17(c), then the Subservicer shall, on or before 1:00 p.m. (New York City time) on the Determination
Date following such breach, remit to the Master Servicer (pursuant to wiring instructions from the Master Servicer) the amount
of such Compensating Interest Payment or Prepayment Interest Shortfall (but such amount shall not exceed the amount that the Master
Servicer is required to pay pursuant to PSA Section 3.17). If such Compensating Interest Payment or Prepayment Interest Shortfall
is not so remitted to the Master Servicer, then the Subservicer shall also remit to the Master Servicer interest on such Compensating
Interest Payment or Prepayment Interest Shortfall at the Reimbursement Rate from and including such Determination Date. Any payment
by the Subservicer, or acceptance by the Master Servicer, of such Compensating Interest Payment or Prepayment Interest Shortfall
and any interest thereon shall not be construed to constitute a waiver of an Event of Default.

 

(d)       The
Subservicer shall promptly notify the Master Servicer in writing upon obtaining actual knowledge or receipt of notice by the Subservicer
of (i) the occurrence of any event that causes, or with notice or the passage of time or both would cause, any Mortgage Loan to
become a Specially Serviced Loan or (ii) any Defect, Breach, Repurchase Request, Repurchase Request Withdrawal or Repurchase Request
Rejection, and, in each case, shall cooperate with the Master Servicer in pursuing its obligations under the PSA, including the
REMIC provisions of the PSA.

 

(e)       With
respect to all servicing responsibilities of the Master Servicer under the PSA that are not being performed by the Subservicer
under this Agreement, the Subservicer shall promptly notify the Master Servicer in writing of (and in any event, within one (1)
Business Day after) its receipt of notice thereof or a request therefor and shall cooperate with the Master Servicer to facilitate
the timely performance of such servicing responsibilities, including the REMIC provisions of the PSA.

 

(f)       No
later than the fifteenth day of each month, the Subservicer shall deliver to the Master Servicer a statement prepared by the Subservicer
setting forth the status of the Subservicer Collection Account as of the close of business on the last Business Day of the preceding
month (together with a copy of the most recent monthly bank reconciliation statement received by the Subservicer with respect
to the

 

    9 

    

    

 

Subservicer Collection Account) and showing the aggregate amount of deposits into and withdrawals from the Subservicer
Collection Account since the preceding Determination Date for each category of deposit specified in PSA Section 3.05 and each
category of withdrawal specified in PSA Section 3.06.

 

(g)       No
later than 2:00 p.m. (New York City time) on the first Business Day following each Determination Date beginning in September 2018,
the Subservicer shall prepare and deliver or cause to be delivered to the Master Servicer, in a computer-readable medium downloadable
by the Master Servicer (or, at the Master Servicer’s written request, in a form reasonably acceptable to the Master Servicer,
including on a loan-by-loan basis), the CREFC® Appraisal Reduction Template, if any, the CREFC® Loan Periodic Update File,
the CREFC® Property File, the CREFC® Financial File, the CREFC® Delinquent Loan Status Report, the CREFC® Historical
Loan Modification and Corrected Mortgage Loan Report, the CREFC® Loan Level Reserve/LOC Report, the CREFC® Comparative
Financial Status Report, the CREFC® Servicer Watch List, the CREFC® Advance Recovery Report and any other file or report
that may from time to time be recommended by the CREFC® for commercial mortgage-backed securities transactions generally (substantially
in the form of, and containing the information called for in, the downloadable form of such file or report then-available on the
CREFC® Website) and requested by the Master Servicer, in each case providing the most recent information with respect to the
Mortgage Loans as of the close of business on the related Determination Date (and which, in each case, if applicable, will identify
each Mortgage Loan by loan number and property name).

 

No
later than 2:00 p.m. (New York City time) on the first Business Day following each Determination Date beginning in September 2018,
the Subservicer shall prepare and deliver or cause to be delivered to the Master Servicer, in a computer-readable medium downloadable
by the Master Servicer (or, at the Master Servicer’s written request, in a form reasonably acceptable to the Master Servicer,
including on a loan-by-loan basis), the CREFC® Comparative Financial Status Report for each Mortgage Loan or related Mortgaged
Property as of the Determination Date immediately preceding the preparation of such report for each of the following three periods
(but only to the extent the related Borrower is required by the Mortgage to deliver and does deliver, or otherwise agrees to provide
and does provide, such information): (a) the most current available year to date; (b) each of the previous two full fiscal years
stated separately (to the extent such information is in the Subservicer’s possession); and (c) the “base year”
(representing the original analysis of information used as of the Cut-Off Date).

 

(h)       Commencing
with the calendar quarter ending December 31, 2018 and the calendar year ending December 31, 2018, the Subservicer shall use its
reasonable efforts to obtain quarterly and annual operating statements, budgets and rent rolls with respect to each of the Mortgage
Loans, and quarterly and annual financial statements of each related Borrower, which efforts shall include sending a letter to
such Borrower each quarter (followed up with telephone calls) requesting such quarterly and annual operating statements, budgets,
rent rolls and financial statements by no later than 30 days after the subject fiscal quarter or 60 days after the subject fiscal
year, as applicable, whether or not delivery of such items is required pursuant to the terms of the related Mortgage Loan documents,
but to the extent such action is consistent with applicable law, the terms of such Mortgage Loans and Accepted Subservicing Practices.
The Subservicer shall deliver electronically to the Master Servicer copies of all of the foregoing items so collected in an imaged
PDF format (using a naming convention for such PDF files that is reasonably acceptable to the Master Servicer) within 20 days
after the Subservicer’s receipt of such items together with the CREFC® Operating Statement Analysis Report and CREFC®
NOI Adjustment Worksheet required by Section 3.01(i).

 

(i)       The
Subservicer shall maintain a CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet with respect
to each Mortgaged Property. Commencing with the

 

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calendar
quarter ending December 31, 2018 and the calendar year ending December 31, 2018, within thirty (30) days after receipt by the
Subservicer of any annual or quarterly operating statements or rent rolls with respect to any Mortgaged Property, the Subservicer
shall, based upon such operating statements or rent rolls received, prepare (or, if previously prepared, update) the CREFC®
Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet as of the end of the preceding fiscal year or
fiscal quarter, as the case may be, and shall remit to the Master Servicer electronically PDF copies thereof (using a naming convention
for such PDF files that is reasonably acceptable to the Master Servicer) together with (if not otherwise delivered pursuant to
this Agreement) PDF copies of the underlying operating statements and rent rolls.

 

(j)       The
Subservicer shall determine and analyze financial ratios and perform other financial analysis required under the CREFC® reporting
guidelines (including the preparation of related comments under such guidelines) and deliver to the Master Servicer all reports
summarizing such analysis based upon the property operating statements with respect to the related Mortgaged Property and the
financial statements of the related Borrower and each related guarantor collected by the Subservicer, which reports shall be in
the forms required under this Agreement.

 

(k)       Each
month by 2:00 p.m. (New York City time) on the Subservicer Remittance Date, the Subservicer shall remit to the Master Servicer,
pursuant to wiring instructions from the Master Servicer, all amounts received by the Subservicer with respect to the Mortgage
Loans on or before the close of business on the Business Day immediately preceding such Subservicer Remittance Date. In addition,
the Subservicer shall remit to the Master Servicer within one (1) Business Day after receipt any delinquent payments on the Mortgage
Loans received by the Subservicer and any related Penalty Charges. Each of the foregoing remittances of funds (A) shall be accompanied
by a Remittance Report and (B) may be net of any Subservicing Fees due and payable to the Subservicer and payments in the nature
of Additional Subservicing Compensation.

 

(l)       The
Subservicer shall, by 12:00 p.m. (New York City time) on the Business Day after its receipt, remit to the Master Servicer (pursuant
to wiring instructions from the Master Servicer) any whole or partial Balloon Payments, Principal Prepayments, prepayment premiums,
Yield Maintenance Charges, Penalty Charges (to the extent not constituting Additional Subservicing Compensation), Liquidation
Proceeds, Insurance and Condemnation Proceeds, and any interest thereon, together with a Remittance Report.

 

(m)       The
Subservicer shall prepare or have prepared, and deliver to the Master Servicer in PDF format (using a naming convention for such
PDF files that is reasonably acceptable to the Master Servicer), an inspection report for each inspection performed by it or on
its behalf by a third party, in each case within twenty-five (25) days following the completion and receipt of the related inspection
report.

 

(n)       The
Subservicer shall provide the Master Servicer with such reports and other information (in the Subservicer’s possession or
to the extent readily obtainable and as reasonably requested by the Master Servicer) with respect to the servicing of the Mortgage
Loans by the Subservicer under this Agreement in order for the Master Servicer to perform its duties under the PSA, including
all reports and information required under PSA Sections 3.13, 3.14 and 3.17 and 4.02.

 

(o)       Within
fifteen (15) days following the end of each calendar quarter, the Subservicer shall prepare and deliver to the Master Servicer
the Tax, Insurance, UCC and Letter of Credit Certification in the form attached hereto as Exhibit D.

 

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(p)       The
Subservicer shall notify the Master Servicer within one (1) Business Day after the Subservicer has knowledge of, or should have
knowledge of, any event or action that triggers or otherwise affects any cash management provision under any of the Mortgage Loan
documents.

 

(q)       Following
its receipt from the Depositor, the Master Servicer shall provide a copy of the Mortgage Loan Purchase Agreement to the Subservicer.
The Subservicer shall notify the Master Servicer in writing within five (5) Business Days after the Subservicer discovers or receives
notice alleging a Defect, Breach, Repurchase Request, Repurchase Request Withdrawal or Repurchase Request Rejection. The Subservicer
shall promptly provide to the Master Servicer a copy of any such written notice received by the Subservicer and such other information
in the possession of the Subservicer reasonably requested by the Master Servicer to fulfill its obligations under Section 2.03(d)
of the PSA.

 

(r)       The
Subservicer shall promptly notify the Master Servicer if the Subservicer becomes an Affiliate of the Trustee.

 

Section
3.02.          Portfolio Manager.

 

(a)       The
Subservicer shall designate a portfolio manager and other appropriate personnel to receive documents and communications from the
Master Servicer and to provide assistance to the Master Servicer consistent with the Master Servicer’s supervisory authority
over the Subservicer under this Agreement.

 

(b)       The
Master Servicer shall designate a portfolio manager and other appropriate personnel to receive documents and communications from
the Subservicer and to provide to the Subservicer information, materials and correspondence relating to the Mortgage Loans and
the related Borrowers which may be necessary or appropriate to enable the Subservicer to perform its obligations under this Agreement.

 

Section
3.03.          Maintenance of Errors and Omissions and Fidelity Coverage.

 

The
Subservicer shall obtain and maintain with Qualified Insurers, at its own expense, and keep in full force and effect throughout
the term of this Agreement, a blanket fidelity bond and an errors and omissions insurance policy covering all of the Subservicer’s
officers, employees and agents acting on behalf of the Subservicer in connection with its activities under this Agreement in form
and amount acceptable to the Master Servicer and that satisfies the fidelity bond and errors and omissions insurance policy requirements
under PSA Section 3.08(d). The Subservicer shall deliver or cause to be delivered to the Master Servicer a certificate of insurance
or other evidence of such fidelity bond and insurance on or before the Closing Date and thereafter (i) at least 30 days prior
to the scheduled expiration thereof, (ii) if not delivered in any calendar year pursuant to clause (i), then upon each
anniversary of the Closing Date, and (iii) from time to time upon the Master Servicer’s request. Such fidelity bond and
errors and omissions policy shall provide that it may not be canceled without 5 days’ prior written notice to the Master
Servicer. The Subservicer shall (i) furnish to the Master Servicer copies of all binders and policies or certificates evidencing
that such fidelity bond and errors and omissions insurance policy are each in full force and effect, and (ii) promptly report
or cause its insurer(s) to report in writing to the Master Servicer any termination of or any material changes to the Subservicer’s
fidelity bond or errors and omissions insurance policy.

 

Section
3.04.          Delivery and Possession of Servicing Files.

 

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The
Subservicer hereby acknowledges possession of the Subservicing Files and acknowledges and agrees that the Master Servicer has
never previously had possession of or control over, and therefore makes no warranty or representation as to the contents or completeness
of, the Subservicing Files. The contents of each Subservicing File are and shall be held in trust by the Subservicer for the benefit
of the Trust as the owner thereof; the Subservicer’s possession of the contents of each Subservicing File is for the sole
purpose of servicing the related Mortgage Loan; and such possession by the Subservicer shall be in a custodial capacity only.
The Subservicer shall release its custody of the contents of any Subservicing File only in accordance with written instructions
from the Master Servicer, and upon request of the Master Servicer, the Subservicer shall deliver to the Master Servicer the requested
Subservicing File or a copy of any document contained therein.

 

Section
3.05          Financial Statements of Subservicer.

 

Upon
the request of the Master Servicer the Subservicer shall deliver to the Master Servicer financial statements of the Subservicer
and its subsidiaries for its last complete fiscal year. All such financial statements shall be prepared in accordance with GAAP
consistently applied, and shall fairly present the pertinent results of (i) operations for such year, (ii) the financial position
at the end of such year, and (iii) changes in financial position with respect to the Subservicer’s last complete fiscal
year. Any such financial statements and other information about the Subservicer provided by the Subservicer to the Master Servicer
pursuant to this Agreement for the purpose of reviewing Subservicer’s performance or compliance under this Agreement or
otherwise shall be subject to the Confidentiality and Nondisclosure Agreement dated as of June 27, 2013 entered into between the
Master Servicer and the Subservicer (as may be amended, the “NDA”).

 

Section
3.06          Exchange Act Reporting and Regulation AB Compliance.

 

(a)       Intent
of the Parties. The parties hereto acknowledge and agree that the purpose of this Section 3.06 is, among other things,
to facilitate compliance with the provisions of Regulation AB and related rules and regulations of the Commission and the PSA
requirements related thereto. The Subservicer acknowledges 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 agrees to comply with requests made by the Master Servicer for delivery
of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with the CD 2018-CD7
Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-CD7, the Subservicer shall cooperate fully with the
Master Servicer, the Depositor and the Trustee to deliver or make available to them (and any of their respective assignees or
designees) any and all statements, reports, certifications, records and any other information in its possession and (as determined
by the Master Servicer, the Depositor or the Trustee, as applicable) necessary to permit the Master Servicer, the Depositor, and
the Trustee to comply with the provisions of Regulation AB and the PSA, together with such disclosures relating to the Subservicer
or the servicing of the Mortgage Loans reasonably believed by the Master Servicer or the Depositor, as applicable, to be necessary
in order to effect such compliance.

 

(b)       Information
to be Provided by the Subservicer.

 

(i)       The
Subservicer shall, for so long as the Trust is subject to the reporting requirements of the Exchange Act, promptly following written
notice to or discovery by the Subservicer, (A) notify the Master Servicer in writing of (I) any material litigation or governmental
proceedings pending against the Subservicer that, in each such case, would be material to the

 

    13 

    

    

 

Certificateholders and (II) any
affiliations or relationships that develop following the Closing Date between the Subservicer and any other Person with respect
to the CD 2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-CD7, and (B) provide to the Master
Servicer or the Depositor a description of such proceedings, affiliations or relationships.

 

(ii)       For
so long as the Trust is subject to the reporting requirements of the Exchange Act, in connection with the succession to the Subservicer
as subservicer under this Agreement by any Person, the Subservicer shall provide to the Master Servicer and the Depositor, at
least 30 days prior to the effective date of such succession, (x) written notice to the Master Servicer and the Depositor of such
succession and (y) in writing and in form and substance reasonably satisfactory to the Master Servicer and the Depositor, all
information reasonably requested by the Master Servicer or the Depositor in order to comply with its reporting obligations under
the PSA (including any report under Item 6.02 of Form 8-K).

 

(iii)       If,
during any year the Trust is subject to the reporting requirements of the Exchange Act, the Subservicer appoints a servicer that
constitutes a “servicer” contemplated by Item 1108(a)(2) of Regulation AB, then the Subservicer shall cause such servicer,
in connection with its acceptance of such appointment, to provide the Master Servicer, the Depositor, and the Certificate Administrator
with such information regarding itself, its business and operations and its servicing experience and practices, as is required
to be reported by the Depositor and the Certificate Administrator pursuant to Item 6.02 of Form 8-K.

 

(iv)       The
Subservicer acknowledges and agrees that the information to be provided by it (or by any Servicing Function Participant acting
on its behalf hereunder) pursuant to or as contemplated by this Section 3.06 is intended to be used in connection with
the preparation of any reports required by the Exchange Act with respect to the Trust.

 

(v)       The
Subservicer shall promptly provide to the Master Servicer a written description (in form and substance satisfactory to the Master
Servicer) of the role and function of each Subcontractor that is a Servicing Function Participant (pursuant to Item 1108(a)(2)
of Regulation AB) utilized by the Subservicer, specifying (A) the identity of such Subcontractor, and (B) which elements of the
Servicing Criteria will be addressed in assessments of compliance provided by each such Subcontractor. The Subservicer shall cause
any Subcontractor determined to be a Servicing Function Participant to comply with the provisions of this Section 3.06
to the same extent as if such Subcontractor were the Subservicer. The Subservicer shall obtain from each such Subcontractor and
deliver to the Master Servicer any assessment of compliance report and related accountant’s attestation required to be delivered
by such Subcontractor under this Section 3.06, in each case, as and when required to be delivered.

 

(c)        Additional
Obligations. Without limiting any other provision of this Section 3.06, the Subservicer shall (i) observe and perform
any obligation applicable to a “Servicing Function Participant” set forth in Article X of the PSA, (ii) reasonably
cooperate with the Master Servicer, Certificate Administrator and the Depositor in connection with the Certificate Administrator
and the Depositor’s efforts to satisfy the Trust’s reporting requirements under the Exchange Act, and (iii) if the
Subservicer is terminated or resigns pursuant to the terms of this Agreement, provide the reports (annual or otherwise) and other
information required by this Section 3.06 with respect to the period of time that the Subservicer was subject to this Agreement.

 

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(d)        Additional
Filing Disclosures.

 

(i)       Additional
Form 10-D Disclosures. For so long as the Trust is subject to the reporting requirements of the Exchange Act, the Subservicer
shall, within one (1) day after the related Distribution Date, provide to the Master Servicer, to the extent known by the Subservicer
or a Servicing Officer thereof (other than information contemplated by Item 1117 of Regulation AB, which shall be reported if
known by any Servicing Officer, any lawyer in the in-house legal department or any senior manager of the Subservicer), in EDGAR-compatible
form (or in such other format as otherwise agreed upon by the Subservicer, the Master Servicer, the Depositor and the Certificate
Administrator), any Additional Form 10-D Disclosure described on Schedule IV of the PSA as applicable to the Master Servicer together
with an Additional Disclosure Notification substantially in the form of Exhibit CC of the PSA.

 

(ii)       Additional
Form 10-K Disclosures. For so long as the Trust is subject to the reporting requirements of the Exchange Act, the Subservicer
shall, no later than five (5) Business Days prior to March 1 of each year (with no grace period), provide to the Master Servicer,
the Certificate Administrator and the Depositor, to the extent known by the Subservicer or a Servicing Officer thereof (other
than information contemplated by Item 1117 of Regulation AB, which shall be reported if known by any Servicing Officer, any lawyer
in the in-house legal department or any senior manager of the Subservicer), in EDGAR-compatible format (or in such other format
as otherwise agreed upon by the Subservicer, the Master Servicer, the Depositor and the Trustee), any Additional Form 10-K Disclosure
described on Schedule V of the PSA as applicable to the Master Servicer together with an Additional Disclosure Notification substantially
in the form of Exhibit CC of the PSA.

 

(iii)       Form
8-K Disclosure Information. For so long as the Trust is subject to the reporting requirements of the Exchange Act, the Subservicer
shall, no later than noon (New York City time) on the first Business Day after the occurrence of a Reportable Event requiring
disclosure under Form 8-K, provide to the Master Servicer, the Certificate Administrator and the Depositor, to the extent known
by the Subservicer or a Servicing Officer thereof (other than information contemplated by Item 1117 of Regulation AB, which shall
be reported if known by any officer of the Subservicer), in EDGAR-compatible format (or in such other format as otherwise agreed
upon by the Subservicer, the Master Servicer, the Depositor and the Certificate Administrator), any Form 8-K Disclosure Information
described on Schedule VI of the PSA as applicable to the Master Servicer together with an Additional Disclosure Notification substantially
in the form of Exhibit CC of the PSA. Without limiting the foregoing, the Subservicer shall promptly notify the Master Servicer,
but in no event later than noon on the first Business Day after its occurrence, of any Reportable Event of which it has knowledge.

 

(iv)       Upon
the request of the Master Servicer, the Depositor or the Certificate Administrator, the Subservicer shall promptly provide to
the requesting party any information in its possession as is necessary or appropriate for the Master Servicer, the Depositor or
the Certificate Administrator, as applicable, to prepare fully and properly any report required under the Exchange Act with respect
to the Trust in accordance with the Securities Act, the Exchange Act and the rules and regulations promulgated thereunder.

 

(e)       Sarbanes-Oxley
Certification. The Subservicer shall deliver to the Master Servicer and to the Person who signs the Sarbanes-Oxley Certification
for the Trust (the “Certifying Person”), no later than five (5) Business Days prior to March 1 of each
year (with no cure period) (and otherwise within a reasonable period of time upon request), a certification in the form attached
hereto as Exhibit F (a “Performance Certification”), on which the Master Servicer, the
Certifying Person, the entity for which 

 

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the
Certifying Person acts as an officer, and the Master Servicer’s and such entity’s officers, directors, members, managers,
employees, agents and Affiliates (collectively, the “Certification Parties”) can reasonably rely. The
Subservicer shall, if it is terminated or resigns pursuant to the terms of this Agreement, provide a Performance Certification
to the Master Servicer, the Depositor and the Certifying Person with respect to the period of time it was subject to this Agreement.
Each Performance Certification shall include (x) a reasonable reliance statement by the Subservicer enabling the Certification
Parties to rely upon each (i) annual compliance statement provided pursuant to Section 3.06(f), (ii) annual report on assessment
of compliance with the Servicing Criteria provided pursuant to Section 3.06(g) and (iii) registered public accounting firm
attestation report provided pursuant to Section 3.06(h) and (y) a certification that each such annual report on assessment
of compliance discloses any material instances of noncompliance described to the Subservicer’s registered public accounting
firm to enable such accountants to render the attestation provided for in Section 3.06(h).

 

(f)       Annual
Compliance Statements. The Subservicer shall deliver to the Master Servicer, no later than five (5) Business Days prior to
March 1 (or if such day is not a Business Day, then the immediately preceding Business Day) of each year (with no cure period)
(and otherwise within a reasonable period of time upon request), an Officer’s Certificate (in Microsoft Word, Microsoft
Excel or in such other reasonably requested format) stating, as to the signer thereof, that (A) a review of the Subservicer’s
activities during the preceding fiscal year or portion thereof and of the Subservicer’s performance under this Agreement,
has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review,
the Subservicer has fulfilled all its obligations under this Agreement, 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. The Master Servicer and the Depositor shall have the right to review
the Officer’s Certificate and consult with the Subservicer as to the nature of any failures by the Subservicer.

 

(g)        Annual
Reports on Assessment of Compliance with Servicing Criteria.

 

(i)       The
Subservicer shall deliver to the Master Servicer, no later than five (5) Business Days prior to March 1 of each year (and otherwise
within a reasonable period of time upon request), a report (in Microsoft Word, Microsoft Excel or in such other reasonably requested
format) on an assessment of compliance with the Relevant Servicing Criteria for the Trust’s preceding fiscal year that contains
(A) a statement by the Subservicer of its responsibility for assessing compliance with the Relevant Servicing Criteria, (B) a
statement that the Subservicer used the Servicing Criteria to assess its compliance with the Relevant Servicing Criteria, (C)
the Subservicer’s assessment of compliance with the Relevant Servicing Criteria as of and for the period ending the end
of the fiscal year of the Trust covered by the Form 10-K required to be filed pursuant to the PSA (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 the Subservicer’s
assessment of compliance with the Relevant Servicing Criteria as of and for such period. Each assessment of compliance and related
attestation contemplated by Section 3.06(h) must be available for general use and may not contain restricted use language.
The Master Servicer and the Depositor shall have the right to review the report and consult with the Subservicer as to the nature
of any material instance of noncompliance by the Subservicer with the Relevant Servicing Criteria in the fulfillment of any of
the Subservicer’s obligations under this Agreement

 

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(ii)       Within
three (3) Business Days following the end of each fiscal year for which the Trust is subject to the reporting requirements of
the Exchange Act (and otherwise within a reasonable period of time upon request), the Subservicer shall deliver to the Master
Servicer, the Certificate Administrator, the Depositor and each Mortgage Loan Seller the name and address of each Servicing Function
Participant and subservicer engaged by it and what Relevant Servicing Criteria will be addressed in the report on assessment of
compliance prepared by such Servicing Function Participant or subservicer. The Subservicer shall, when it delivers its report
on assessment under Section 3.06(g)(i), to the extent received, deliver each report on assessment (and the related accountants’
attestation) of each Servicing Function Participant and subservicer engaged by it.

 

(h)       Annual
Independent Public Accountants’ Attestation. The Subservicer shall cause a registered public accounting firm that is
a member of the American Institute of Certified Public Accountant to, no later than five (5) Business Days prior to March 1 of
each year (and otherwise within a reasonable period of time upon request), furnish a report to the Master Servicer, the Certificate
Administrator, the Directing Holder, the 17g-5 Information Provider, the Trustee and the Depositor for the preceding fiscal year
to the effect that (i) it has obtained a representation regarding certain matters from the management of the Subservicer that
includes an assessment from the Subservicer 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 Public Company
Accounting Oversight Board, it is expressing an opinion as to whether the Subservicer’s compliance with the Relevant Servicing
Criteria was fairly stated in all material respects, or it cannot express an overall opinion regarding the Subservicer’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 (i) be available for
general use and not contain restricted use language and (ii) if required to be filed with the Commission under applicable law,
include the consent and authorization of such accounting firm for the filing of such report with the Commission. The Master Servicer
and the Depositor shall have the right to review the report and consult with the Subservicer as to the nature of any material
instance of noncompliance by the Subservicer with the Relevant Servicing Criteria in the fulfillment of any of the Subservicer’s
obligations under this Agreement.

 

(i)         Exchange
Act Reporting Indemnification.

 

(i)       The
Subservicer shall indemnify and hold harmless each Certification Party, the Trustee, the Certificate Administrator, the Depositor,
the Master Servicer and their respective directors, officers, members, managers, employees, agents and affiliates, 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 (collectively, the “Indemnified Parties”) against any and all claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses (including without limitation
the costs of investigation, legal defense and any amounts paid in settlement of any claim or litigation) incurred by such Indemnified
Party arising out of or based upon (i) any breach of its obligations under this Section 3.06, (ii) the failure of the Subservicer
to perform its obligations under Article X of the PSA, (iii) negligence, bad faith or willful misconduct on the part of the Subservicer
in the performance of such obligations, (iv) any inaccuracy made in a certification or report required under this Section 3.06,
or (v) delivery of any Deficient Exchange Act Deliverable.

 

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(ii)       If
the indemnification provided for in this Section 3.06(i) is unavailable or insufficient to hold harmless any Indemnified
Party, then the Subservicer shall contribute to the amount paid or payable to such Indemnified Party in such proportion as is
appropriate to reflect the relative fault of the Subservicer on the one hand and the Indemnified Party on the other in connection
with a breach of the Subservicer’s obligations under this Section 3.06 or the Subservicer’s negligence, bad
faith or willful misconduct in connection therewith.

 

(j)         Suspension
of Trust Reporting. If the Master Servicer receives written notice that the Trust is no longer subject to the reporting requirements
of the Exchange Act, the Master Servicer shall send notice of such suspension of reporting requirements to the Subservicer.

 

(k)        Amendments;
Expenses; Subservicers. This Section 3.06 may be amended by the parties hereto for purposes of complying with Regulation
AB or to conform to standards developed within the commercial mortgage-backed securities market, notwithstanding anything to the
contrary contained in this Agreement. The Subservicer’s obligations under this Section 3.06 shall be performed by
it in all cases at its own expense. The Subservicer shall cause any subservicing agreement entered into by it pursuant to Section
2.02 to contain provisions requiring the related subservicer to perform the obligations of the Subservicer under this Section
3.06 (including requirements to provide the indemnification and contribution obligations set forth in Section 3.06(i)).

 

ARTICLE
IV.

 

SUBSERVICER’S
COMPENSATION AND EXPENSES

 

Section
4.01.             Subservicing Compensation.

 

(a)       As
compensation for its activities under this Agreement, the Subservicer shall be entitled to receive the Subservicing Fee with respect
to each Mortgage Loan (commencing on such Mortgage Loan’s Due Date in September 2018) unless and until such Mortgage Loan
becomes a Specially Serviced Loan or an REO Loan. As to each Mortgage Loan, the Subservicing Fee shall accrue at the related Subservicing
Fee Rate (in accordance with the same terms of the related promissory note as are applicable to the accrual of interest at the
interest rate) and shall be computed on the basis of the same principal amount as interest accrues from time to time on such Mortgage
Loan, and for the same period respecting which any related interest payment due on such Mortgage Loan is computed. The Subservicing
Fee with respect to any Mortgage Loan shall cease to accrue if such Mortgage Loan becomes a Specially Serviced Loan or an REO
Loan or if a sale or liquidation of such Mortgage Loan occurs. Subservicing Fees earned with respect to any Mortgage Loan shall
be payable monthly from payments of interest on such Mortgage Loan.

 

The
Subservicer shall be entitled to recover unpaid Subservicing Fees in respect of any Mortgage Loan out of the portion of any related
Insurance and Condemnation Proceeds or Liquidation Proceeds allocable as interest on such Mortgage Loan to the extent the Master
Servicer is permitted to recover unpaid Servicing Fees to which it is entitled under PSA Section 3.12(a).

 

The
Subservicer’s right to receive the Subservicing Fees to which it is entitled may not be transferred in whole or in part
except in connection with the transfer of all of the Subservicer’s 

 

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responsibilities and obligations under and pursuant to
this Agreement and except as otherwise expressly provided in this Agreement.

 

(b)       The
Subservicer shall also be entitled to withdraw from the Subservicer Collection Account and retain, as additional servicing compensation
(the “Additional Subservicing Compensation”), subject to any offset provided in the PSA (including offsets
for interest on Advances, inspection costs and Additional Trust Fund Expenses), the following items:

 

(i)       50%
of any and all Penalty Charges actually collected, and that the Master Servicer is entitled to retain under the PSA, with respect
to each Mortgage Loan that is not a Specially Serviced Loan, but only to the extent that (A) all amounts then due and payable
with respect to such Mortgage Loan (including outstanding interest on all Advances accrued with respect to such Mortgage Loan)
have been paid, (B) the Trust Fund has been reimbursed with respect to any Advances made with respect to such Mortgage Loan, together
with interest thereon if such interest was paid to the Master Servicer or the Trustee, as applicable, from a source of funds other
than Penalty Charges collected on such Mortgage Loan, and (C) the Trust Fund has been reimbursed for any Additional Trust Fund
Expenses incurred since the Closing Date with respect to such Mortgage Loan and previously paid from a source other than Penalty
Charges on such Mortgage Loan;

 

(ii)       50%
(or 25% if the Special Servicer is required to consent to or review the applicable servicing action) of any and all assumption
application fees, assumption fees, modification fees, extension fees, consent fees, release fees, waiver fees, and earn-out fees
actually paid by a Borrower, and that the Master Servicer is entitled to retain under the PSA, (and all other commercially reasonable
fees collected on or with respect to other actions for which the Subservicer is responsible) with respect to each Mortgage Loan
that is not a Specially Serviced Loan (but only to the extent that all amounts then due and payable (after giving effect to any
modification) with respect to such Mortgage Loans have been paid);

 

(iii)       100%
of any and all charges for beneficiary statements or demands and amounts collected for checks returned for insufficient funds
and other loan processing fees actually paid by a Borrower, and that the Master Servicer is entitled to retain under the PSA,
with respect to each Mortgage Loan that is not a Specially Serviced Loan; and

 

(iv)       100%
of any and all interest or other income earned on deposits in the Accounts maintained by the Subservicer (but only to the extent
of the net investment earnings, if any, with respect to any such Account for each collection period and, further, in the case
of a reserve account, cash collateral account or Servicing Account, only to the extent that such interest or other income is not
required to be paid to any Borrower under applicable law or under the related Mortgage Loan);

 

in
each case, only to the extent the Master Servicer is entitled to retain such amounts as additional master servicing compensation
under the PSA, and in the case of Sections 4.01(b)(i)-(iii), only to the extent such amounts have actually been paid by
the related Borrower to the Master Servicer. Notwithstanding the foregoing, the Subservicer will not be entitled to any additional
servicing compensation in the form of fees earned with respect to the processing of any Major Decision, Special Servicer Major
Decision or Special Servicer Non-Major Decision performed by the Special Servicer; provided, however, if the Subservicer processes
any Major Decision, Special Servicer Major Decision or Special Servicer Non-Major Decision

 

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following approval of such decision
by the Special Servicer, the Subservicer will be entitled to the applicable fee as described above.

 

(c)       The
Subservicer shall promptly remit to the Master Servicer in accordance with this Agreement, all amounts received with respect to
the Mortgage Loans (including each of those that become a Specially Serviced Loan or an REO Loan) that the Subservicer is not
entitled to retain pursuant to this Agreement.

 

(d)       The
Subservicer shall pay all expenses incurred by it in connection with its servicing activities under this Agreement and shall not
be entitled to reimbursement thereof except as otherwise specifically provided for in this Agreement or in the PSA.

 

ARTICLE
V.

 

THE
MASTER SERVICER AND THE SUBSERVICER

 

Section
5.01.           Subservicer Not to Assign; Merger or Consolidation of the Subservicer.

 

(a)       Except
as otherwise provided in this Section or Section 2.02, the Subservicer shall not assign this Agreement for any reason or
the servicing under this Agreement or delegate its rights or duties under this Agreement or any portion thereof, or be merged
or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in any case without
the prior written consent of the Master Servicer. Any such assignee, or any such Person into which the Subservicer may be merged
or consolidated, or any entity resulting from any merger or consolidation to which the Subservicer may be a party, or any Person
succeeding to the business of the Subservicer, shall be the successor of the Subservicer under this Agreement and shall be deemed
to have assumed all of the liabilities of the Subservicer under this Agreement; provided however, that the Master Servicer’s
consent to such assignment, merger, consolidation or other transfer (if granted) may be conditioned on: (i) the Master Servicer’s
receipt of written confirmation (A) to the Trustee by each Rating Agency (at the expense of the Subservicer) that such assignment
or succession will not result in ratings downgrade or withdrawal with respect to any Class of Certificates and (B) that such assignee,
successor or surviving Person is an approved conventional seller/servicer of mortgage loans for FHLMC or FNMA; and (ii) the Master
Servicer’s receipt of an agreement executed by such assignee, successor or surviving Person pursuant to which, among other
things, it makes the applicable representations and warranties set forth in Section 5.03 and assumes the due and punctual
performance and observance of each covenant and condition to be performed and observed by the Subservicer under this Agreement
from and after the date of such agreement.

 

(b)       The
Subservicer shall not resign without giving the Master Servicer sixty (60) days prior written notice thereof under this Agreement.

 

(c)       The
Subservicer shall: (i) maintain in full effect its existence, rights and good standing under the laws of the State of its incorporation,
organization or formation, as applicable; (ii) maintain its authorization to transact business in the state or states in which
the related Mortgaged Properties are situated if and to the extent required by applicable law to ensure the enforceability of
the Mortgage Loans; (iii) not jeopardize its ability to (A) do business in each jurisdiction in which one or more of the Mortgaged
Properties are located, (B) protect the validity and enforceability of this Agreement, the PSA, the Certificates or any of the
Mortgage Loans, or (C) perform its respective duties and obligations under this Agreement; and (iv) be an approved conventional
seller/servicer of mortgage loans for FHLMC or FNMA.

 

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Section
5.02.           Liability and Indemnification of the Subservicer and the Master Servicer.

 

(a)       Neither
the Subservicer nor any of its affiliates, shareholders, directors, officers, members, managers, partners, agents or
employees shall (subject to Section 6.01(a)) be under any liability to the Master Servicer 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 Subservicer or any such Person against any breach of a representation or warranty
made in this Agreement, or against any expense or liability specifically required to be borne thereby without right of
reimbursement pursuant to the terms of this Agreement or imposed on the Subservicer pursuant to Section 2.01 for a
breach of the Accepted Subservicing Practices, or against any liability which would otherwise be imposed by Section
5.02(c), including by reason of willful misconduct, bad faith or negligence or willful violation of applicable law in the
performance of its obligations or duties under this Agreement or by reason of the negligent disregard of its obligations or
duties under this Agreement. The Subservicer and any director, officer, member, manager, agent or employee of the Subservicer
may rely in good faith on any document of any kind that, prima facie, is properly executed and submitted by any
appropriate Person respecting any matters arising under this Agreement.

 

(b)       The
Master Servicer shall indemnify and hold harmless the Subservicer and any director, officer, member, manager, employee, agent
or affiliate of the Subservicer from and against any claims, losses, damages, penalties, fines, forfeitures, reasonable and necessary
legal fees and related costs, judgments and other costs and expenses that any such Person may sustain in connection with this
Agreement (including, without limitation, reasonable fees and disbursements of counsel incurred by such Person in any action or
proceeding between such Person and the Master Servicer or between such Person and any third party or otherwise) resulting from
(i) the willful misconduct, bad faith, fraud and/or negligence in the performance of any of the Master Servicer’s duties
hereunder or (ii) by reason of negligent disregard of the Master Servicer’s obligations and duties hereunder (including
a breach of such obligations a substantial motive of which is to obtain an economic advantage from not complying with or not performing
such obligations). The Master Servicer agrees to use reasonable efforts to pursue the Trust for indemnification against any loss,
liability or expense incurred by the Subservicer in connection with the performance of the Subservicer’s duties and obligations
under this Agreement as to which the PSA grants to the Master Servicer’s agents a right to indemnification from the Trust
Fund.

 

(c)       The
Subservicer shall indemnify and hold harmless the Master Servicer and any director, officer, member, manager, employee, agent
or affiliate of the Master Servicer from and against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable
and necessary legal fees and related costs, judgments, and any other costs, fees and expenses that any such Person may sustain
in connection with this Agreement (including, without limitation, reasonable fees and disbursements of counsel incurred by such
Person in any action or proceeding between such Person and the Subservicer or between such Person and any third party or otherwise)
by reason of Subservicer’s (i) breach of its obligations under Article X of the PSA, (ii) willful misconduct, bad faith,
fraud and/or negligence in the performance of its duties hereunder, (iii) delivery of any Deficient Exchange Act Deliverable,
(iv) by reason of negligent disregard of the Subservicer’s obligations and duties hereunder (including a breach of such
obligations a substantial motive of which is to obtain an economic advantage from not complying with or not performing such obligations),
(v) breach of any of its covenants, obligations or duties under this Agreement, or (vi) breach of Accepted Subservicing Practices.

 

In
addition, after receipt from Master Servicer of notice that Subservicer is a Servicing Function Participant, the Subservicer shall
cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under any applicable
sub-subservicing agreement) with the

 

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Depositor
and the Master Servicer as necessary for the Depositor and the Master Servicer to conduct any reasonable due diligence necessary
to evaluate and assess any material instances of non-compliance disclosed in any of the deliverables required by the applicable
reporting requirements of the Exchange Act. In connection with comments provided to the Depositor from the Commission regarding
information provided by the Subservicer as a Servicing Function Participant, which information is contained in a report filed
by the Depositor under the reporting requirements of the Exchange Act and which comments are received subsequent to the Depositor’s
filing of such report, upon receipt of such comments from the Depositor, the Master Servicer shall promptly provide to the Subservicer
any such comments which relate to the Subservicer. Subservicer shall be responsible for timely preparing a written response to
the Commission for inclusion in the Depositor’s or the Master Servicer’s, as applicable, response to the Commission,
unless Subservicer elects, with the consent of the Master Servicer, to directly communicate with the Commission and negotiate
a response and/or resolution with the Commission. If such election is made, the Subservicer shall be responsible for directly
negotiating such response and/or resolution with the Commission in a timely manner; provided, that (i) Subservicer shall keep
the Depositor and the Master Servicer informed of its progress with the Commission and copy the Depositor and the Master Servicer
on all correspondence with the Commission and provide the Depositor and the Master Servicer with the opportunity to participate
(at the Depositor’s or Master Servicer’s, as applicable, expense) in any telephone conferences and meetings with the
Commission and (ii) the Master Servicer shall cooperate with the Subservicer in order to authorize the Subservicer and its representatives
to respond to and negotiate directly with the Commission with respect to any comments received from the Commission relating to
Subservicer and to notify the Commission of such authorization. The Master Servicer and the Subservicer shall cooperate and coordinate
with each other with respect to any requests made to the Commission for any extension of time for submitting a response or compliance.

 

Except
as expressly provided for in the preceding paragraphs, all reasonable out-of-pocket costs and expenses incurred by the Depositor
and the Master Servicer (including reasonable legal fees and expenses of outside counsel to the Depositor and the Master Servicer)
in connection with the foregoing and any amendments to any reports filed with the Commission therewith shall be promptly paid
by the Subservicer upon receipt of an itemized invoice from the Depositor and/or the Master Servicer, as applicable.

 

If
the indemnification provided for in this Section 5.02 and in Section7.10(b) is unavailable or insufficient to hold
harmless the Master Servicer or any employee, director or officer of the Master Servicer, then the Subservicer shall contribute
to the amount paid or payable to the Master Servicer as a result of the liability, claim, loss, cost (including reasonable attorney’s
fees), penalty, expense, judgment, fee, fine, forfeiture or damage of the Master Servicer in such proportion as is appropriate
to reflect the relative fault of the Master Servicer on the one hand and the Subservicer on the other in connection with a breach
of the Subservicer’s obligations pursuant to Article X of the PSA, this Agreement or the Subservicer’s negligence,
bad faith or willful misconduct in connection therewith. The Subservicer shall cause any subservicer with which it enters into
a servicing relationship with respect to the Mortgage Loans to agree to the foregoing indemnification and contribution obligations.

 

(d)       The
indemnification provisions in this Section 5.02 shall survive the termination of this Agreement.

 

Section
5.03.       Representations and Warranties.

 

(a)       The
Subservicer hereby represents, warrants and covenants to the Master Servicer that as of the date of this Agreement:

 

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(i)       The
Subservicer is duly incorporated or organized, as applicable, validly existing and in good standing under the laws of the State
of its incorporation or organization, has all licenses necessary to carry on its business as now being conducted and is authorized
to transact business in the state or states in which the Mortgaged Properties securing the Mortgage Loans are situated, to the
extent necessary to comply with applicable law, to ensure the enforceability of each Mortgage Loan, to perform its obligations
under this Agreement and to avoid any loss or liability to the Master Servicer, the Special Servicer or the Trust;

 

(ii)       The
execution and delivery of this Agreement by the Subservicer and its performance under and compliance with the terms of this Agreement
will not (A) violate the Subservicer’s organizational documents, (B) constitute a default (or an event which, with notice
or lapse of time, or both, would constitute a default) under, or result in a breach of, any material contract, agreement or other
instrument to which the Subservicer is a party or by which it is bound or which may be applicable to it or any of its assets,
or (C) result in the violation of any law, rule, regulation, order, judgment or decree binding on the Subservicer, which, in the
case of (B) or (C), would likely affect materially and adversely (x) the financial condition or operation of the Subservicer or
its properties taken as a whole, (y) the ability of the Subservicer to perform its obligations under this Agreement, or (z) the
ability of the Trust to realize on the Mortgage Loans;

 

(iii)       The
Subservicer has the full power, authority and legal right to execute and deliver, and to perform all obligations and consummate
all transactions involving the Subservicer contemplated by, this Agreement, and has duly and validly 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 the Master Servicer, constitutes a legal, valid and binding obligation
of the Subservicer, enforceable against it in accordance with its terms, except as such enforcement may be limited by (A) bankruptcy,
insolvency, reorganization, liquidation, receivership, moratorium or other laws relating to or affecting creditors’ rights
generally, or (B) general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity
or at law;

 

(v)       The
execution and delivery of this Agreement by the Subservicer and its performance and compliance with the terms of this Agreement
will not (A) constitute a violation with respect to (and the Subservicer is not in 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,
(B) result in the creation or imposition of any lien, charge or encumbrance or (C) result in any other event that, in any such
case, is reasonably likely to have consequences that would materially and adversely affect (x) the financial condition or operation
of the Subservicer or its properties taken as a whole, (y) the ability of the Subservicer to perform its obligations under this
Agreement, or (z) the ability of the Trust to realize on the Mortgage Loans;

 

(vi)       No
action, proceeding or litigation is pending or, to the best knowledge of the Subservicer, threatened against the Subservicer,
the outcome of which, either in any one instance or in the aggregate, could (A) prohibit the Subservicer from entering into this
Agreement, (B) result in any material adverse change in the business, operations, or financial condition of the Subservicer, (C)
materially and adversely affect the ability of the Subservicer to perform its obligations under this Agreement, or (D) draw into
question the validity of this Agreement or the Mortgage Loans or of any action taken or to be taken in connection with the obligations
of the Subservicer contemplated in this Agreement;

 

    23 

    

    

 

(vii)       No
consent, approval, authorization or order of, or registration or filing with, or notice to, any court or governmental agency or
body, is required for the execution, delivery and performance by the Subservicer of or compliance by the Subservicer with this
Agreement, or the consummation of the Subservicer’s transactions contemplated by this Agreement, except for those consents,
approvals, authorizations or orders obtained, or those registrations or filings made or notices given, prior to the date of this
Agreement, and except to the extent that the failure of the Subservicer to be qualified as a foreign entity or licensed in one
or more jurisdictions is not necessary for the enforcement of the Mortgage Loans;

 

(viii)       The
Subservicer has examined each subservicing agreement relating to the Mortgage Loans to which it is a party, and shall examine
each subservicing agreement relating to Mortgage Loans to which it intends to become a party, and in each such case, the terms
of such subservicing agreements are not, or, in the case of any subservicing agreement to be entered into by the Subservicer at
a future date, will not be, materially inconsistent with the terms of this Agreement;

 

(ix)       The
Subservicer (A) has not failed to comply with any obligations under Regulation AB with respect to any other securitization and
has not failed to comply with any Regulation AB reporting requirements under any pooling and servicing agreement relating to any
other series of certificates offered by the Depositor and (B) to its knowledge, has not been listed on any ‘do not hire
list’ by the Depositor;

 

(x)       Each
officer, employee and agent of the Subservicer that has responsibilities concerning the servicing and administration of Mortgage
Loans (A) is covered by errors and omissions insurance and a fidelity bond in the amounts and with the coverage required by PSA
Section 3.08(d) and (B) has never been refused or terminated from such insurance or coverage; and

 

(xi)
       The Subservicer is not, to its actual knowledge, a Risk Retention Affiliate of the Third
Party Purchaser.

 

(b)       Upon
discovery by either the Master Servicer or the Subservicer of a breach of any of the foregoing representations and warranties,
the party discovering such breach shall give prompt written notice thereof to the other party.

 

(c)       
The representations and warranties of the Subservicer set forth in the provisions in this Section 5.03 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.

 

ARTICLE
VI.

 

EVENTS
OF DEFAULT; TERMINATION

 

Section
6.01.       Events of Default.

 

(a)       “Event
of Default”, wherever used in this Agreement, means any one of the following events:

 

(i)       any
failure by the Subservicer to deposit into the Accounts any amount required to be so deposited under this Agreement, which failure
continues unremedied for one (1) Business Day following the date on which such deposit was first required to be made; or

 

    24 

    

    

 

(ii)
       any failure by the Subservicer to remit to the Master Servicer any amount required to
be so remitted by the Subservicer pursuant to and in accordance with this Agreement, which failure continues unremedied until
6:00 p.m. (New York City time) on the date such remittance is due; provided, that to the extent the Subservicer does not
timely make remittances, the Subservicer shall pay to the Master Servicer interest on any amount not timely remitted at the Prime
Rate from and including the applicable required remittance date to but not including the date such remittance is actually made;
or

 

(iii)
       any failure by the Subservicer to timely deliver to the Master Servicer or any other
designated Person any report or information required to be delivered pursuant to this Agreement, which failure continues unremedied
for one (1) Business Day after the Subservicer’s receipt of notice from the Master Servicer of such failure; or

 

(iv)
       any failure by the Subservicer to (A) comply with any of the requirements under Section
3.06 of this Agreement or under Article X of the PSA that are applicable to the Subservicer, including the failure to deliver
any reports or certificates at the time such report or certification is required under this Agreement or Article X of the PSA
or (B) deliver any performance certification or any items required by Items 1122 and 1123 of Regulation AB that it is required
to deliver under any other pooling and servicing agreement relating to any other series of certificates offered by the Depositor;
or

 

(v)       except
for the events listed in Sections 6.01(a)(iii), (iv) and (x), any failure on the part of the Subservicer to observe or
perform in any material respect any other of the covenants or agreements on the part of the Subservicer contained in this Agreement,
which failure continues unremedied for a period of 20 days after the date on which written notice of such failure, requiring the
same to be remedied, shall have been given to the Subservicer; provided, however, that, with respect to any such
failure that is not curable within such 20-day period, the Subservicer shall have an additional cure period of 30 days to effect
such cure so long as the Subservicer has commenced to cure such failure within the initial 20-day period and has provided the
Master Servicer with an Officer’s Certificate certifying that it has diligently pursued, and is continuing to pursue, a
full cure and such delay does not materially or adversely affect the Master Servicer or the Certificateholders; provided,
further, that, notwithstanding the foregoing, any failure by the Subservicer under Section 3.01(a)(iii) to provide the
Master Servicer with at least five (5) Business Days’ written notice that a Servicing Advance is required with respect to
a Mortgage Loan shall be curable by the Subservicer only by the Subservicer making the required Servicing Advance on or before
the date on which the Master Servicer is required to make such Servicing Advance; or

 

(vi)       any
breach on the part of the Subservicer 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 20 days after the date
on which written notice of such breach, requiring the same to be remedied, shall have been given to the Subservicer; provided,
however, that with respect to any such breach that is not curable within such 20-day period, the Subservicer shall have
an additional cure period of 30 days to effect such cure so long as the Subservicer has commenced to cure such failure within
the initial 20-day period and has provided the Master Servicer with an Officer’s Certificate certifying that it has diligently
pursued, and is continuing to pursue, a full cure and such delay does not materially or adversely affect the Master Servicer or
the Certificateholders; or

 

    25 

    

    

 

(vii)       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 Subservicer and such decree
or order shall have remained in force undischarged, undismissed or unstayed for a period of 50 days; or

 

(viii)      the
Subservicer 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

 

(ix)        the
Subservicer 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, take any corporate action in furtherance of the foregoing, or take any other actions indicating
its insolvency or inability to pay its obligations; or

 

(x)         any
failure by the Subservicer to timely perform any of the requirements set forth in Section 2.03(a)(xiv) or Section 3.01(c);
or

 

(xi)
       except as otherwise permitted pursuant to this Agreement, the Subservicer’s (A)
assignment of this Agreement, (B) assignment or delegation of all or any portion of its servicing duties or obligations under
this Agreement, or (C) assignment of all or any portion of its rights to servicing compensation under this Agreement; or

 

(xii)       the
Master Servicer receives notice that if the Subservicer continues to act in such capacity, the rating or ratings on one or more
Classes of Certificates will be downgraded or withdrawn, and citing servicing concerns relating to the Subservicer as the sole
or material factor in such action; or

 

(xiii)       either
S&P, Fitch or KBRA has (i) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates,
or (ii) placed one or more Classes of Certificates on “watch status” in contemplation of a rating downgrade or withdrawal
(and such qualification, downgrade, withdrawal or “watch status” placement shall not have been withdrawn within 60
days of such actual knowledge by the Subservicer) and, in the case of either of clauses (i) or (ii), publically citing servicing
concerns with the Subservicer as the sole or material factor is such rating action; or

 

(xiv)       the
Subservicer creates or causes a Servicer Termination Event under the PSA, or, without limiting the foregoing, any act or failure
to act by the Subservicer causes the Master Servicer to be in default of its obligations under the PSA.

 

(b)       Upon
any Event of Default, the Master Servicer (or, in the case of an Event of Default under Section 6.01(a)(iii), the Master
Servicer or the Depositor) may, by notice in writing to the Subservicer, in addition to whatever rights the Master Servicer may
have at law or in equity, including injunctive relief and specific performance, immediately terminate all of the rights and obligations
of the Subservicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof, subject to Section 6.02,
without the Master Servicer (or the Depositor, if applicable) incurring any penalty or fee of any kind whatsoever in connection
therewith. Except as otherwise expressly provided in this Agreement, 

 

    26 

    

    

 

no remedy provided for by this Agreement shall be exclusive
of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission
to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.
On or after the receipt by the Subservicer of such written notice of termination from the Master Servicer (or the Depositor, if
applicable), all authority and power of the Subservicer in this Agreement, whether with respect to the Mortgage Loans or otherwise,
shall pass to and be vested in the Master Servicer, and the Subservicer agrees to cooperate with the Master Servicer in effecting
the termination of the Subservicer’s responsibilities and rights under this Agreement, including the remittance of funds
and the transfers of the Subservicing Files as set forth in Section 6.02.

 

(c)       Upon
discovery by the Subservicer of any Event of Default (regardless of whether any notice has been given as provided in this Agreement
or any cure period provided in this Agreement has expired), the Subservicer shall give prompt written notice thereof to the Master
Servicer.

 

(d)       The
Master Servicer may waive in writing any default by the Subservicer in the performance of its obligations under this Agreement
and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent
or other default or impair any right consequent thereon except to the extent expressly so waived.

 

Section
6.02.       Termination of Agreement.

 

(a)       This
Agreement shall be terminated:

 

(i)         pursuant
to Section 6.01, if the Master Servicer (or the Depositor, if applicable) elects to terminate the Subservicer following
an Event of Default; or

 

(ii)        upon
resignation by the Subservicer as provided in Section 5.01; or

 

(iii)       with
respect to any Mortgage Loan, upon such Mortgage Loan becoming a Specially Serviced Loan or REO Loan pursuant to the PSA; or

 

(iv)       with
respect to any Mortgage Loan, upon the purchase, repurchase or replacement of such Mortgage Loan pursuant to the PSA; or

 

(v)        if
the Master Servicer’s responsibilities and duties as Master Servicer under the PSA have been assumed by the Trustee, its
designee or any other successor to the Master Servicer, and the Trustee, its designee or any other successor to the Master Servicer
has elected to terminate the Subservicer;

 

(vi)
      if at any time the Subservicer is a Risk Retention Affiliate of the Third Party Purchaser
and the Subservicer is a servicer as contemplated by Item 1108(a)(2) of Regulation AB pursuant to Section 3.01(c) of the PSA;
or

 

(vii)
the Servicing Shift Securitization Date with respect to the Riverwalk Portfolio Whole Loan.

 

(b)       If
the Master Servicer’s responsibilities and duties as Master Servicer under the PSA have been assumed by the Trustee, and
in connection therewith the Trustee has not requested the termination of this Agreement, the Trustee may, without act or deed
on the part of the Trustee, succeed to all of the rights

 

    27 

    

    

 

and, except to the extent they arose prior to the date of such succession,
obligations of the Master Servicer under this Agreement, and the Subservicer shall be bound to the Trustee under all of the terms,
covenants and conditions of this Agreement with the same force and effect as if the Trustee was originally the Master Servicer
under this Agreement; and the Subservicer does hereby attorn to the Trustee, as the Master Servicer under this Agreement, said
attornment to be effective and self-operative without the execution of any further instruments on the part of any of the parties
hereto immediately upon the Trustee succeeding to the interest of the Master Servicer under this Agreement. The Subservicer agrees,
however, upon written demand by the Trustee to promptly execute and deliver to the Trustee an instrument in confirmation of the
foregoing provisions, satisfactory to the Trustee, in which the Subservicer shall acknowledge such attornment and shall confirm
to the Trustee its agreement to the terms and conditions of this Agreement. References to the Trustee under this Section 6.02
shall include any designee of the Trustee or any successor Master Servicer under the PSA.

 

(c)       Termination
pursuant to this Section or as otherwise provided in this Agreement shall be without prejudice to any rights of the Master Servicer
or the Subservicer which may have accrued through the date of termination under this Agreement. In connection with any such termination,
the Subservicer shall: (i) within one (1) Business Day after the Subservicer’s receipt of the notice of termination, remit
all funds in the related Accounts to the Master Servicer or such other Person designated by the Master Servicer, net of accrued
Subservicing Fees and Additional Subservicing Compensation through the termination date that are due and payable to the Subservicer;
(ii) promptly (and in no event later than five (5) Business Days after the Subservicer’s receipt of the notice of termination)
deliver all related Subservicing Files to the Master Servicer or its designee; and (iii) fully cooperate with the Master Servicer
to effectuate an orderly transition of the servicing of the related Mortgage Loans. All rights of the Subservicer relating to
the payment of its Subservicing Fees and Additional Subservicing Compensation and all liabilities of the Subservicer, which in
any such case accrued under the terms of this Agreement on or before the date of such termination, shall continue in full force
and effect until payment or other satisfaction in accordance with this Agreement.

 

ARTICLE
VII.

 

MISCELLANEOUS
PROVISIONS

 

Section
7.01.        Amendment.

 

This
is the entire agreement between the parties with respect to the matters set forth in this Agreement, and all prior oral and written
agreements with respect to the matters set forth in this Agreement are superseded by the terms of this Agreement. This Agreement,
including the provisions of this Section 7.01, may not be modified except by written amendment to this Agreement signed
by the party or parties affected by such modification, and the parties hereby: (a) expressly agree that it shall not be reasonable
for either of them to rely on any alleged, non-written amendment to this Agreement; (b) irrevocably waive any and all right to
enforce any alleged, non-written amendment to this Agreement; and (c) expressly agree that it shall be beyond the scope of authority
(apparent or otherwise) for any of their respective agents to agree to any non-written modification of this Agreement.

 

Section
7.02.         Governing Law.

 

This
Agreement shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of
the parties under this Agreement shall be determined in accordance with such laws.

 

    28 

    

    

 

Section
7.03.         Notices.

 

(a)           All
demands, notices and communications under this Agreement shall be in writing and addressed in each case as follows:

 

		(i)	if
                                         to the Subservicer, at:

Berkeley
Point Capital LLC 

7700
Wisconsin Avenue, Suite 1100 

Bethesda,
MD 20814 

Attn:
Director and Head of Servicing

 Fax:
617-722-5050

 

with
a copy to:

 

Berkeley
Point Capital LLC 

4550
Montgomery Avenue, Suite 1100 

Bethesda,
MD 20814

Attn:
Raqual Crea – Legal 

Email:
raqual.crea@berkpoint.com 

Fax:
240-752-8121

 

		(ii)	if
                                         to the Master Servicer, at:

KeyBank
National Association 

11501
Outlook Street, Suite 300 

Overland
Park, Kansas 66211 

Attn:
Michael Tilden 

Fax:
877-379-1625

 

with
a copy to:

 

Polsinelli 

900
West 48th Place, Suite 900 

Kansas
City, Missouri 64112 

Attn:
Kraig Kohring 

Fax:
816-753-1536

 

(b)       Any
of the above-referenced Persons may change its address for notices under this Agreement by giving notice of such change to the
other Persons. All notices and demands shall be deemed to have been given at the time of the delivery at the address of such Person
for notices under this Agreement if personally delivered, mailed by certified or registered mail, postage prepaid, return receipt
requested, or sent by overnight courier or telecopy.

 

(c)       To
the extent that any demand, notice or communication under this Agreement is given to the Subservicer by a Responsible Officer
of the Master Servicer, such Responsible Officer shall be deemed to have the requisite power and authority to bind the Master
Servicer with respect to such communication, and the Subservicer may conclusively rely upon and shall be protected in acting or
refraining from acting upon any such communication. To the extent that any demand, notice or communication under this Agreement
is given to the Master Servicer by a Responsible Officer of the Subservicer, such Responsible Officer shall be deemed to have
the requisite power and authority to bind the Subservicer with respect to

 

    29 

    

    

 

such communication, and the Master Servicer may conclusively
rely upon and shall be protected in acting or refraining from acting upon any such communication.

 

Section
7.04.            Consistency with PSA; Severability of Provisions.

 

This
Agreement shall be subject to the provisions of the PSA, which provisions shall be paramount and controlling and shall supersede
the provisions of this Agreement to the extent of any conflicts or inconsistencies. If one or more of the provisions of this Agreement
shall be for any reason whatever held invalid or unenforceable or shall be determined to be inconsistent with the PSA, such provisions
shall be deemed severable from the remaining covenants, agreements and provisions of this Agreement and such invalidity or unenforceability
shall in no way affect the validity or enforceability of such remaining provisions or the rights of any parties hereto. To the
extent permitted by law, the parties hereto hereby waive any provision of law that renders any provision of this Agreement invalid
or unenforceable in any respect.

 

Section
7.05.           Inspection and Audit Rights.

 

The
Subservicer agrees that, on reasonable prior notice, it will permit any representative of the Master Servicer or its designee,
during the Subservicer’s normal business hours, reasonable access to examine all books of account, records, certifications,
reports, statements, and other documents of the Subservicer relating to the Mortgage Loans, to make copies and extracts therefrom,
to cause such books to be audited by accountants selected by the Master Servicer, and to discuss matters relating to the Mortgage
Loans with the Subservicer’s officers and employees. The Subservicer further agrees to complete and deliver to the Master
Servicer any written survey or questionnaire requested by the Master Servicer in connection with any audit of the Mortgage Loans
or the Subservicer’s performance of its duties and obligations under this Agreement.

 

Section
7.06.            Binding Effect; No Partnership; Counterparts.

 

Subject
to Section 5.01 with respect to the Subservicer, the provisions of this Agreement shall be binding upon and inure to the
benefit of the respective successors and assigns of the parties hereto. The parties hereby acknowledge and agree that the Trustee,
for the benefit of the Certificateholders, shall be a third party beneficiary under this Agreement; provided, that (except
to the extent that the Trustee or its designee or a successor Master Servicer assumes the obligations of the Master Servicer under
this Agreement pursuant to Section 6.02 of this Agreement) none of the Trust Fund, the Trustee, the Certificate Administrator,
any successor Master Servicer, the Special Servicer or any Certificateholder shall have any duties under or any liabilities arising
from this Agreement. Nothing contained in this Agreement shall be deemed or construed to create a partnership or joint venture
between the parties hereto and the services of the Subservicer shall be rendered as an independent contractor for the Master Servicer.
For the purpose of facilitating the execution of this Agreement as provided in this Agreement and for other purposes, this Agreement
may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and
such counterparts shall constitute but one and the same instrument. A signature of a party by facsimile or other electronic transmission
shall be deemed to constitute an original and fully effective signature of such party.

 

Section
7.07.            Protection of Confidential Information.

 

The
Subservicer shall keep confidential and shall not divulge to any party, without the Master Servicer’s prior written consent
(which shall not be unreasonably withheld or delayed), any information 

 

    30 

    

    

 

pertaining to the Mortgage Loans, the Mortgaged Properties
or the Borrowers except to the extent that the Subservicer provides prior written notice to the Master Servicer and (a) it is
appropriate for the Subservicer to do so (i) in working with its legal counsel, auditors, other advisors or taxing authorities
or other governmental agencies or (ii) when required by any law, regulation, ordinance, court order or subpoena, or (b) the Subservicer
is disseminating general statistical information relating to the mortgage loans being serviced by the Subservicer (including the
Mortgage Loans) so long as the Subservicer does not identify the owner of the Mortgage Loans or the Borrowers.

 

Section
7.08.            Construction.

 

The
article and section headings in this Agreement are for convenience of reference only, and shall not limit or otherwise affect
the meaning thereof. This Agreement shall be construed without regard to any presumption or rule requiring construction against
the party causing such instrument or any portion thereof to be drafted. Any pronoun used in this Agreement shall be deemed to
cover all genders. The terms “include”, “including” and similar terms shall be construed as if followed
by the phrase “without being limited to.” The term “or” has, except where otherwise indicated, the inclusive
meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,”
“hereunder,” and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision
or section of this Agreement. Words importing the singular number shall mean and include the plural number, and vice versa.

 

Section
7.09.            Sole and Absolute Discretion of Master Servicer.

 

Whenever
pursuant to this Agreement (a) the Master Servicer exercises any right given to it to approve or disapprove, (b) any arrangement
or term is to be satisfactory to the Master Servicer, or (c) any other decision or determination is to be made by the Master Servicer,
the decision of the Master Servicer to approve or disapprove, all decisions that arrangements or terms are satisfactory or not
satisfactory and all other decisions and determinations made by Master Servicer, shall be in the sole and absolute discretion
of the Master Servicer and shall be final and conclusive, except as may be otherwise expressly and specifically provided in this
Agreement.

 

Section
7.10            Exchange Act Rule 17g-5 Procedures.

 

(a)       Notwithstanding
any provision herein to the contrary but subject to Section 7.10(c) of this Agreement and except as required by law, the
Subservicer shall not provide any information directly to, or communicate with, either orally or in writing, any Rating Agency
or any NRSRO regarding the Certificates or the Mortgage Loans relevant to such Rating Agency’s or such NRSRO’s surveillance
of the Certificates or Mortgage Loans, including, but not limited to, providing responses to inquiries from a Rating Agency or
a NRSRO regarding the Certificates or the Mortgage Loans relevant to such Rating Agency’s or such NRSRO’s surveillance
of the Certificates and requests for Rating Agency Confirmation. All such information will be provided by, and all such communications,
responses and requests will be made by, the Master Servicer in accordance with the procedures required by the PSA. To the extent
that the Master Servicer is required to provide any information to, or communicate with, a Rating Agency or a NRSRO in accordance
with its obligations under the PSA and such information or communication is regarding the Mortgage Loans or the subservicing by
the Subservicer under this Agreement and is in the possession of (or can be reasonably obtained by) the Subservicer, the Subservicer
shall provide the information to the Master Servicer necessary for the Master Servicer to fulfill such obligations. The Subservicer
shall have no liability with regard to the Master Servicer’s failure to provide to the Depositor or any other party (including
any Rating Agency) any information that the Subservicer timely delivered to the Master Servicer in accordance with this Agreement.

 

    31 

    

    

 

(b)       The
Subservicer hereby expressly agrees to indemnify and hold harmless the Master Servicer and its respective officers, directors,
shareholders, members, managers, employees, agents, Affiliates and controlling persons, and the Trust Fund (each, an “Indemnified
Party”), from and against any and all losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines,
forfeitures or other expenses (including reasonable legal fees and expenses), joint or several, to which any such Indemnified
Party may become subject, under the Act, the Exchange Act or otherwise, pursuant to a third-party claim, insofar as such losses,
liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal
fees and expenses) arise out of or are based upon the Subservicer’s breach of this Section 7.10, including, without
limitation, to the extent caused by any breach referred to in this Section 7.10(b) by the Subservicer, a determination
by a Rating Agency that it cannot reasonably rely on representations made by the Depositor or any Affiliate thereof pursuant to
Exchange Act Rule 17g-5(a)(3), and will reimburse such Indemnified Party for any legal or other expenses reasonably incurred by
such Indemnified Party in connection with investigating or defending any such action or claim, as such expenses are incurred.

 

(c)       None
of the foregoing restrictions in this Section 7.10 prohibit or restrict oral or written communications, or providing
information, between the Subservicer and a Rating Agency or NRSRO with regard to (i) such Rating Agency’s or
NRSRO’s review of the ratings it assigns to the Subservicer, (ii) such Rating Agency’s or NRSRO’s approval
of the Subservicer as a commercial mortgage master, special or primary servicer or (iii) such Rating Agency’s or
NRSRO’s evaluation of the Subservicer’s servicing operations in general; provided, however, that
the Subservicer shall not provide any information relating to the Certificates or the Mortgage Loans to a Rating Agency or a
NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless (x) borrower, property or deal
specific identifiers are redacted; or (y) the Master Servicer confirms to the Subservicer in writing that such information
has already been provided to the Depositor and has been uploaded on to the 17g-5 Information Provider’s
Website.

 

[Remainder
of Page Intentionally Blank; Signature Page Follows]

 

    32 

    

    

 

IN
WITNESS WHEREOF, the Master Servicer and the Subservicer have caused this Agreement to be duly executed as of the date first above
written.

 

	 	SUBSERVICER:
	 	 	 
	 	BERKELEY POINT CAPITAL LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/ Dave
Maisel
	 	Name:	Dave Maisel
	 	Title:	Managing Director
	 	 	 
	 	MASTER SERVICER:
	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION,
	 	a national banking association
	 	 	 
	 	By:	/s/ Bryan Nitcher 
	 	Name:	 Bryan Nitcher
	 	Title:	Senior Vice President 
	 	 	 

 

    

     

    

 

EXHIBIT
A

 

(Mortgage
Loan Schedule)

 

	  Loan
    No.	Property
    Name	Cut-Off
    Balance	Subservicing
    Fee Rate
	14	Riverwalk*	$20,000,000.00	0.00125%
    (0.125 bps)**

 

*
The Mortgage Loan also secures a Pari Passu Companion Loan having a Cut-Off Date Balance of $60,700,000.00. The related Pari Passu
Companion Loan is not included in the Trust but may be included in a future securitization. Both the Mortgage Loan listed in the
schedule above and the related Pari Passu Companion Loan will be serviced under the PSA only temporarily until the applicable
Servicing Shift Securitization Date.

 

**For
avoidance of doubt, pursuant to the terms of this Agreement, the PSA and the related Intercreditor Agreement, the Subservicer
will be paid a Subservicing Fee Rate of 0.00375% (.375 bps) on the unpaid principal balance of the Pari Passu Companion Loan.

 

    A-1

     

    

 

EXHIBIT
B

 

(Remittance
Report)

 

    B-1

     

    

 

Subservicer
Name:

Securitization
Name: CD 2018-CD7

Scheduled
Remittance Report

Date:

 

	Master
    Servicer Loan #	Subservicer
    Loan Number	Beginning
    

Principal 

Balance	P
    & I Due	Principal
    Due	Principal
    Received	Interest
    Due	Interest
    Received	Unscheduled
    Principal Collections	Ending
    Balance	 	Scheduled
    

P & I	Less:
    Delinquent Amount	Less:

    Servicing

 Fee	Net
    Pass

 Thru	 	Late
    Charges	Default
    Interest
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	                       -   	 	 	 	 	                 -   	 	 	 
	 	 	 	 	 	 	 	 	 	                       -   	 	 	 	 	                 -   	 	 	 
	 Total
    all  Loans:	 	                       -   	                  -   	                 -   	                     -   	                  -   	                  -   	                    -   	                       -   	 	                    -   	               -   	               -   	                 -   	 	               -   	               -   
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Scheduled P&I	 	 	 	                     -   	 	 	 	 	 	 	 	 	 	 	 	 
	Service Fee	 	 	 	 	                     -   	 	 	 	 	 	 	 	 	 	 	 	 
	Net P&I scheduled to Master Servicer	 	 	$0.00	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Actual Net P&I sent to Master Servicer	 	 	                     -   	 	 	 	 	 	 	 	 	 	 	 	 
	DIFFERENCE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     

     

    

 

EXHIBIT
C

 

(Property
Inspection Report)

 

    C-1

     

    

 

	I.  Physical Inspection of the Property
    and its Neighborhood	 	 	 	 	 	 	 
	 	A.  PRE-INSPECTION RESPONSIBILITIES	 	 	 	 	 	 	 	 	 	 	 
	 	1	A confidentiality agreement is to be signed and returned to Key.	 	 	 	 	 	 	 
	 	2	The inspection is to be performed within 30 days before the inspection 	 	 	 	 	 	 	 
	 	 	due date.  If that is not feasible, please contact Key as soon as possible
    so that an alternative	 	 	 	 	 	 
	 	 	inspection date may be arranged.	 	 	 	 	 	 	 	 	 	 	 
	 	3	The borrower is to be contacted at least two weeks prior to the inspection  	 	 	 	 	 	 	 
	 	4	If the borrower is not responsive then notify the property contact.	 	 	 	 	 	 	 
	 	5	If the borrower is not cooperative let Key know as
    soon as possible.	 	 	 	 	 	 	 
	 	B.  DRIVE THE NEIGHBORHOOD
    (1-MILE RADIUS OF PROPERTY). 	 	 	 	 	 	 	 	 
	 	1	Note vacant land, new construction, proximity to major thoroughfares and amenities	 	 	 	 	 	 	 
	 	 	(grocery/drug, hard and soft goods),
    schools & churches, hotels and transportation).	 	 	 	 	 	 	 
	 	2	Note environmentally sensitive properties in close proximity to the property.	 	 	 	 	 	 	 
	 	C.  MEET WITH THE PROPERTY
    MANAGER BEFORE INSPECTING THE PROPERTY. 	 	 	 	 	 	 	 
	 	1	Do not inspect the property without a representative of the Mortgagor to escort
    you.	 	 	 	 	 	 	 
	 	2	Provide written correspondence from Key and a representative’s business card
    to the 	 	 	 	 	 	 	 
	 	 	property contact.	 	 	 	 	 	 	 	 	 	 	 	 
	 	D.  PERFORM EXTERIOR PROPERTY
    INSPECTION.	 	 	 	 	 	 	 	 	 
	 	1	Walk the entire property line and look for potential easements and encroachments. 	 	 	 	 	 	 	 
	 	2	Look for staining/spills on grass areas, pavement areas, dumping (garbage, oils,
    etc.).	 	 	 	 	 	 	 
	 	 	Environmentally sensitive tenants include:	 	 	 	 	 	 	 	 	 	 
	 	 	*	Dry Cleaners.	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Paint Stores.	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Restaurants.	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Gas Stations.	 	 	 	 	 	 	 	 	 	 	 	 
	 	3	Inspect all exterior roof lines - note sagging, swaying, etc.  Inspect
    all roofs (if access is readily available).  	 	 	 	 
	 	 	Note roof construction type (pitched, flat, hip roof, etc.).  Problems
    to note:	 	 	 	 	 	 	 
	 	 	*	Bubbling or collection of water.	 	 	 	 	 	 	 	 	 	 
	 	 	*	Absence of rock or gravel.	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Cracking or splitting of seams.	 	 	 	 	 	 	 	 	 	 
	 	 	*	Flashing around side and check for separation from parapet wall.	 	 	 	 	 	 	 
	 	 	*	Equipment on roof - most common roof leak caused by improper compressor 	 	 	 	 	 	 	 
	 	 	 	mounting.	 	 	 	 	 	 	 	 	 	 	 	 
	 	4	Inspect for trees or vines growing over roof and out of gutters, soffits underneath
    eaves, 	 	 	 	 	 	 
	 	 	window frames, exterior wood trim (buckling, need for paint), brick work and
    mortar,	 	 	 	 	 	 	 
	 	 	sidewalks, landscaping and vegetation. 	 	 	 	 	 	 	 	 	 	 
	 	5	Inspect exterior stairs (concrete treads, hand rails, balconies (susceptible
    to rot), 	 	 	 	 	 	 	 
	 	 	swimming pool (check plaster, deck, equipment, jacuzzi), carports, and garages.	 	 	 	 	 	 	 
	 	6	Parking lot curbs – general pavement condition (sealed, patched or striped).	 	 	 	 	 	 	 
	 	E.  PERFORM INTERIOR INSPECTION
    OF PROPERTY.	 	 	 	 	 	 	 	 	 
	 	1	Multifamily:  Inspect 5% of the occupied units (maximum of 7),	 	 	 	 	 	 	 
	 	 	 20% of vacant units (maximum of 5) and all down units 	 	 	 	 	 	 	 	 
	 	 	(note unit numbers of down units and reason for being down).  	 	 	 	 	 	 	 
	 	 	Note general condition of fixtures and appliances (obsolete, functioning properly,
    fairly new, etc).  	 	 	 	 	 
	 	 	Things to look for:	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Refrigerators, disposal, gas or electric range, dishwasher, microwave.	 	 	 	 	 	 	 
	 	 	*	Hot water heaters capacity and age, boilers.	 	 	 	 	 	 	 	 	 
	 	 	*	Condition of carpet, draperies and window coverings, ceilings, etc.	 	 	 	 	 	 	 
	 	 	For any deferred maintenance note exact location (building number and/or address
    and unit 	 	 	 	 	 	 
	 	 	number and/or location on exterior of building).	 	 	 	 	 	 	 	 	 
	 	2	Retail:   Inspect 20% of the occupied units (maximum of 5), 20%
    of vacant units (maximuim of 5) and all down units.	 	 	 
	 	 	Susceptible to environmental problems. Provide comments concerning their 	 	 	 	 	 	 	 
	 	 	observations and reasons for concern.  	 	 	 	 	 	 	 	 	 	 
	 	 	Interview shop owners.  Note deferred maintenance (i.e., stained ceiling
    tiles, worn	 	 	 	 	 	 	 
	 	 	carpet, etc.).  Determine who is responsible for tenant improvements.	 	 	 	 	 	 	 
	 	3	Industrial:   Inspect 20% of the occupied units (maximum of 5),
    20% of vacant units (maximuim of 5) and all down units.	 	 	 
	 	 	Susceptible to environmental problems.  Provide comments concerning
    their 	 	 	 	 	 	 	 
	 	 	observations and reasons for concern.  	 	 	 	 	 	 	 	 	 	 
	 	 	Note office/warehouse split (if applicable).  	 	 	 	 	 	 	 	 	 
	 	 	Inspect roofs if access is readily available.	 	 	 	 	 	 	 	 	 	 
	 	4	Office:  Inspect 20% of the occupied units (maximum of 5), 20% of
    vacant units (maximuim of 5) and all down units.	 	 	 
	 	 	Discuss leasing plan (including any tenant build outs) with property manager.	 	 	 	 	 	 	 
	 	 	Note condition of mechanical/boiler room and roof (if access is readily available).	 	 	 	 	 	 	 
	 	5	Hotel:  Inspect 5% of all units with a minimum of two units and a maximum
    of ten.	 	 	 	 	 	 	 
	II.  The Property Inspection Package	 	 	 	 	 	 	 	 	 	 
	 	A.  COMPLETE THE PROPERTY INSPECTION PACKAGE.  	 	 	 	 	 	 	 	 	 
	 	 	It should consist of the following:	 	 	 	 	 	 	 	 	 	 	 
	 	1	MBA (or other specified) property inspection form.	 	 	 	 	 	 	 	 	 
	 	2	Rent Roll - Please collect a rent roll and verify that it is accurate.  (If
    the contact	 	 	 	 	 	 	 
	 	 	is not willing to provide a rent roll, then make a notation of that on the inspection.)	 	 	 	 	 	 	 
	 	 	 	Note:  The rent roll needs to be submitted
    in an electronic format, and stored in the Rent Roll worksheet.	 	 	 	 	 	 
	 	3	Color Photographs (A minimum of 10 photos - no
    panoramic). 	 	 	 	 	 	 	 
	 	 	The following are required photos: 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Exterior. 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Roof (if accessible, if not make a comment on the inspection form).	 	 	 	 	 	 	 
	 	 	*	Parking area (covered and open).	 	 	 	 	 	 	 	 	 	 
	 	 	*	Deferred maintenance (interior and exterior).	 	 	 	 	 	 	 	 
	 	 	*	Points of ingress-egress for the property.	 	 	 	 	 	 	 	 	 
	 	 	*	Directional photos of major streets providing access to property.	 	 	 	 	 	 	 
	 	 	*	Vacant units (minimum of two and maximum of five).	 	 	 	 	 	 	 	 
	 	 	*	Occupied units (minimum of two and maximum of five).	 	 	 	 	 	 	 	 
	 	 	*	All down units.	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	*	Signage (Clearly show current name of property).	 	 	 	 	 	 	 	 
	 	 	*	New development in surrounding neighborhood.	 	 	 	 	 	 	 	 
	 	 	 	Note:  Photographs need to be submitted
    in an electronic format, and stored in the Photos worksheet.	 	 	 	 	 	 
	 	4	A copy of the annual franchise report on hotels
    or a copy of the annual government survey on health care facilities.	 	 	 
	 	5	Confirm the name of the property is the
    same as on the Lender’s Request form. 	 	 	 	 	 	 
	 	 	 	(Note, in bold type, on the inspection
    form if the property has changed names.  For hotels, note if the franchise flag has changed. Specify in General
    Comments box.)
	 	6	Inspections are to be submitted to Key according to the terms of the subservicing
    agreement.	 	 	 	 	 	 
	 	7	Inspections are to be submitted on a CD in excel format,
    with one electronic file per property to include the 	 	 	 
	 	 	MBA inspection form, photos and rent roll. 	 	 	 	 	 	 	 	 	 
	 	 	Image any franchise reports or annual government surveys into the workbook labeled
    “Additional Reports”.	 	 	 	 
	 	8	Inspection files are not to exceed 50 meg in size.  	 	 	 	 	 	 	 	 
	 	 	 	Note:  You can minimize the size of the
    files by reducing the resolution of the photos, by 	 	 	 	 	 	 	 
	 	 	 	inserting the photos into the file instead of using
    the cut and paste feature and saving as	 	 	 	 	 	 	 
	 	 	 	an Excel “workbook”.	 	 	 	 	 	 	 	 	 	 	 
	 	9	The CD needs to contain a file reflecting the date of inspection of each property
    with the coinciding 	 	 	 	 	 
	 	 	Key loan number.	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 				 		 	 	 	 	 	 	 
	 	 	 	 		 		 		 	 	 	 	 	 	 

	Key Loan
    #	Property Name	Inspection Date
	10001001	Royal Orleans	093003
	Example:   10001001
    Royal Orleans 093003.xls without any (.),(,),(-),(/,\),etc.

 

     

     

    

 

 

 

	 	 	 	 	 
	  	Mortgage
                                         Bankers Association
	
	  	Property
                                         Inspection Workbook Tools
	  	  
	  	  	  	  
	 
    	General
Purpose Tools 	 
    	 
    	 
    
	 
    	  	  	 
    
	 	 	 	 
	 
    	Select
                                         Check Spelling to run Excel’s spell checker 

                                         on all property inspection worksheets.
		 
    
	 
    	  	  	 
    
	 
    	  	  	 
    
	 	Select
                                         Print to display the MBA Property Inspection

                                         worksheet selection form where you can select the

        worksheet(s)
        to print.
		 
	 
    	 	 
    	 
    

  

	 
    	 Company
    Logo 	 
    	 
    	 
    
	 
    	  	  	 
    

	 	 	  
	 
	 	 	 
	 	 	 
	 	 	 
	 See
    separate Instructions Page to insert logo

 

     

     

    

 

MBA
INSPECTION FORM KEY

	 	 
	Mortgage
    Bankers Association
	Standard
    Property Inspection Form Definitions
	For
    additional information, please refer to the MBA Inspections White Paper
	Ratings
    Definitions
	1	New
    or like new condition
All major building components are new or like new
All vacant units/space are rent ready &
    reflect the highest current market standards
No deferred maintenance items (only routine maintenance)
No life safety
    or code violations exist
Positive impact to marketability
Deferred Maintenance and Life Safety – No actions
    are required
	2	Above
    average condition for the property’s age and market, minimal wear and tear
All major building components in functional
    condition
All vacant units/space are rent ready or in the process of being made rent ready
No deferred maintenance items
    (only routine maintenance)
No life safety or code violations exist
No impact to marketability
Deferred Maintenance
    and Life Safety – No actions are required
	3	Normal
                                         condition for the property’s age and market, general wear and tear.

                                         All major building components in functional condition

                                         Most vacant units or space are rent ready or in the process of being made rent ready

                                         Minimal deferred maintenance and routine maintenance items with costs that can be funded
                                         by normal operations

                                         No/minor life safety or code violations exist

                                         No impact to marketability

                                         Deferred Maintenance and Life Safety - Appropriate actions are planned or in progress

	4	Deteriorating
                                         condition for the property’s age and market

                                         A building component is not in fully functional condition

                                         Few rent-ready units or space

                                         Limited major deferred maintenance &/or numerous minor deferred maintenance items

                                         Some life safety or code violations exist

                                         Negative impact to marketability

                                         Deferred Maintenance and Life Safety - Actions are not addressed as quickly
                                         as required and/or further action is necessary, additional monitoring may be appropriate
                                         

	5	Inferior
    conditions
Multiple building components non-functional
Vacant units or space are in poor to down condition
Severe
    deferred maintenance items
Multiple life safety or code violations exist
Negative impact to marketability
Deferred
    Maintenance and Life Safety – No Action taken and/or further action is necessary – additional monitoring is appropriate
	 Not
 Applicable	No
    components exists (therefore, no rating is possible)
	 Not
    
 Accessible	No
    component was visible due to inability to view the condition based on access, life safety, weather conditions or other blockages.
Deferred
    maintenance items can not be determined based on lack of access
Further action or review may be required

  

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	

 

     

     

    

 

Inspection
- General Info     

	  	  	  	  	  	  	  	  	  
		  	Standard
    Inspection Form
	  	  	  	  	  	  	  	  	  
	 Inspection Date	 
    	 
    	Time   	 
    	  	Property City	 
    	 
    
	 Loan Number	 
    	  	  	  	  	Property State/Country	 
    	/     	     
	 Property Name	 
    	  	  	  	  	Overall Property Rating	 
    	 
    
	  	  	  	  	  	  	  	  	  
	 Servicer,
    Loan and Contact Information
	 Servicer Name	 
    	  	  	  	  	Contact Company	 
    	 
    
	 Owner of Loan	 
    	  	  	  	  	Contact Name	 
    	           /
	 Investor Number	 
    	     	  	  	  	Contact Phone	 
    	 
    
	 Investor Loan #	 
    	  	  	  	  	Contact
    Email	 
    	 
    
	 Property ID	 
    	  	  	  	  	Addt’l
    ID #1 (editable)	 
    	 
    
	 Original Loan Amount	  	 
    	  	  	  	Addt’l
    ID #2 (editable)	 
    	 
    
	 Loan Balance (UPB)	  	 
    	  	  	  	O&M Plan(1)	  	 
    
	 Loan Balance as
    of Date	  	 
    	  	  	  	Report Reviewed By	  	               /
	 (1)
    Includes ALL Plans (such as, but not limited to, Operations &
    Maintenance, Moisture Management and Environmental Remediation)
	 Property
    and Inspector Information
	 Property Name	 
    	  	  	  	  	Primary Property Type	  	 
    
	 Property Address	 
    	  	  	  	  	Secondary Property Type	  	 
    
	 Property City	 
    	  	  	  	  	Inspection Company	  	 
    
	 Property State	 
    	  	  	  	  	Inspection Co. Phone	  	 
    
	 Property Zip	 
    	  	  	  	  	Inspector’s Name	  	               /
	  	  	  	  	  	  	Inspector’s ID	  	 
    

 

	 Lender’s
    or Servicer’s General Comments or Instructions to Inspector for Subject Property:
	 
    
	 
    
	 
    
	 
    
	 
	 
    

 

	 Property
    Inspector’s General Comments or Suggestions to Lender or Servicer on the Subject Property:
	 
    
	 
    
	 
    
	 
	 
    
	 
    

	  	  	  	  	  	  	  
	 Overview
    of Property Information
	 Number of Buildings	 
    	  	Year Built	 
    
	 Number of Floors	 
    	  	  	  	Total Square Feet (Gross)	 
    
	 Number of Elevators	 
    	  	  	  	Total Sq. Feet (Net /
    Rentable)	 
    
	 Number of Parking
    Spaces	 
    	  	  	  	Occupied Space	 
    
	 Number of Units
    / Rooms / Beds	 
    	  	  	  	Vacant Space	 
    
	 Rent Roll obtained
    at Inspection	 
    	  	  	  	Total Percent Occupied	 
    
	 Total
    Number of Down Units / Rooms / Beds	  	 
    	  	Annual Occupancy	 
    
	 Unit of Measurement
    Used	  	  	 
    	  	Annual Turn Over	 
    
	  	  	  	  	  	  
	 Property
    Offers Rental Concessions	 
    	 
    	 
    	If
    yes, please describe concessions:
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	 
    	  	  	  	  	  	 
    
	

    Copywrite 2008 Mortgage Bankers Association, Washington, DC	  	  	    

 

 

     

     

    

 

Inspection
- General Info     

	  	  	  	  	  	  	  	  	  	  	  	  
	 Inspection Date	 
    	 
    	        Time   	 
    	  	Property City	 
    	  	 
    
	 Loan Number	 
    	  	  	  	  	  	  	Property State/Country	 
    	  	/    	 
	 Property Name	 
    	  	  	  	  	  	  	Overall Property Rating	 
    	  	 
    
	  	  	  	  	  	  	  	  	  	  	  	  
	 Franchise Name	 
    	  	Franchise
    change since last inspection	 
    
	  	  	  	  	  	  	  	  	  
	 Number
    of Occupied Units Inspected	  	 
    	  	  	Number of
    Vacant Units Inspected	  	 
    
	  	  	  	  	  	  	  	  	  
	 Is there
    any dark space?	 
    	  	  Describe:	 	 
	 Is there
    any down space?	 
    	  	  Describe:	 	 

	  	  	  	  
	 Capital
    Expenditures	  	  	  
	 Describe
    in detail Repairs, Replacements or Capital Improvements	Identified
    Cost	Status
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    

	  	  	  	  	  	  	  	  
	 Neighborhood
    and Site Comparison Data
	 Is the
    area declining or distressed	  	 
    	  	Percent
    Use - %
	 Is there
    any new construction in the area	  	  	Single Family	 
    
	 Top 2 Major	1. 	Name or Type	 
    	 
    	  	Multifamily	 
    
	 Competitors:	  	  Distance	 
    	  	  	Commercial	 
    
	  	2.  	Name or Type	 
    	  	  	Industrial	 
    
	  	  	  Distance	 
    	  	  	Undeveloped	

 

	 Describe
    area, surrounding land use & overall trends (include location in relation to subject property - N, S, E, W):
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    

	  	  	  	  	  	  	  	  
	 Management
    Company Information	  	  	  
	 Management Company
    Name	 
    	  	Phone Number	 
    
	 On Site Contact	                    /	  	Mgmt Interview	 
    
	 Role or Title of
    Contact	 
    	  	Length of
    time at property	 
    
	 Management Affiliation	 
    	  	Change since
    last inspection	  	 
    
	  	  	  	  	  	  	  
	 Other
    Information
	 Additional
    Collateral Description Information	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	 
    	  	  	  	  	  	 
    
	
Copywrite
    2008 Mortgage Bankers Association, Washington, DC	  	  	    

 

     

     

    

 

	  	 	 	  	  	  	  	  	  	  	  
	  	  	  	Inspection - Physical Condition     
	 	 	 	 
	Standard
                                         Inspection Form

         
	  	  
	Inspection Date	 
    	Time    	 
    	  	Property City	 
    
	Loan Number	 
    	  	Property State/Country	 
    	/	 
    
	Property Name	 
    	  	Overall Property
    Rating	 
    

 

	Physical
    Condition Assessment and Deferred Maintenance
	 

 

	Property
    Assessment

 

	Physical

        Condition
	Overall

        Rating
	Trend	Representative
                                         Components

        (Not all-inclusive)
	Inspector
    Comments
	 
    	 
    	  	  	  
	Curb
    Appeal	 
    	  	Comparison
    to Neighborhood; First Impression / Appearance	 
    
	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	  	  	  
	Site	 
    	  	Subject
    Property Appearance; Signage; Ingress/Egress; Landscaping; Site Lighting; Parking Lot; Striping; Garage/Carports; Irrigation
    System; Drainage; Retaining Walls; Walkways, Fencing; Refuse Containment & Cleanliness, Hazardous Material Storage	 
    
	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	  	  	  
	Building
                                         /

        Mechanical

        systems
	 
    	  	HVAC;
    Electrical; Boilers; Water Heaters; Fire Protection; Sprinklers, Plumbing; Sewer; Solar Systems; Elevators/ Escalators; Chiller
    Plant, Cooling Towers; Building Oxygen Systems; Intercom System; PA System; Security Systems	 
    
	 
    	 
    	 
    	 
    	 
    
	Building

        Exteriors
	 
    	 
    	Siding;
    Trim; Paint; Windows: Exterior Entry Ways; Stairs; Railings; Balconies; Patios; Gutters; Downspouts; Foundations; Doors; Façade;
    Structure (Beam/Joist)	 
    
	 
    	 
    	  	  	  
	Building

        Roofs
	 
    	  	Roof
    Condition; Roof Access; Top Floor Ceilings; Shingles/ Membrane; Skylights; Flashing; Parapet walls; Mansard roofs.	 
    
	 
    	 
    	 
    	 
    	 
    
	Occupied

        Units
        / Space
	 
    	 
    	HVAC;
    Ceiling; Floors; Walls; Painting; Wall Cover; Floor Cover; Tiles; Windows; Countertop; Cabinets; Appliances; Lighting; Electrical;
    Bathroom accessories; Plumbing Fixtures; Storage; Basements/Attics	 
    
	 

        Vacant
        Units /

        Space
        /

        Hotel
        Rooms

         
	 
    	 
    	HVAC;
    Ceiling; Floors; Walls; Painting; Wall Cover; Floor Cover; Tiles; Windows; Countertop; Cabinets; Appliances; Lighting; Electrical;
    Bathroom accessories; Plumbing Fixtures; Storage; Basements/Attics	 
    

 

	Copyright
    2008 Mortgage Bankes Association, Washington, DC	     

 

     

     

    

 

	 	 	 	 	 	 	 	 	 	 	 
	  	 	 	  	  	 	 	 	Inspection
    - Physical Condition     
	 	 	 	 
	Inspection Date	 
    	Time    	 
    	  	Property City	 
    
	Loan Number	 
    	  	Property State/Country	 
    	/	 
    
	Property Name	 
    	  	Overall Property
    Rating	 
    

 

	 

        Down
        Units /

        Space
        /

        Hotel
        Rooms

         
	 
    	 
    	HVAC;
    Ceiling; Floors; Walls; Painting; WallCover; Floor Cover; Tiles; Windows; Countertop; Cabinets; Appliances; Lighting; Electrical;
    Bathroom accessories; Plumbing Fixtures; Storage; Basements/Attics	 
    
	 
    	 
    	  	  	  
	Interior

        Common

        Areas
	 
    	  	Mailboxes;
    Reception Area; Lobby; Food Courts; Dinning Areas; Kitchen; Halls; Stairways; Meeting Rooms; Public Restrooms; Storage; Basement;
    Healthcare Assistance Rooms; Pharmacy / Medication Storage; Nurses Station	 
    
	 
    	 
    	 
    	 
    	 
    

	Amenities
	 
    	 
    	Pool; Clubhouse;
        Gym; Laundry Area / Rooms; Playground; Wireless Access; Restaurant/Bar; Business Center; Sport Courts; Spa; Store; Media
        Center
	 
    
	Management

        Competence
	 
    	 
    	Professionalism,
    Ability to respond to questions; knowledge of property; knowledge of neighborhood/ market; preparedness for inspection; had
    all requested paperwork; tenants notified	 
    

 

	Exterior
    - Additional description of the property conditions:
	 

         

         

	  
	Interior
    - Additional description of the property conditions:
	 

         

         

 

	Deferred
    Maintenance Items

 

	Identify
    Item and Describe Condition (including location)	Rating	Photo

        #
	Life

        Safety
	Est.
    Cost
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    

 

	Copyright
    2008 Mortgage Bankes Association, Washington, DC	     

 

     

     

    

 

	  	  	  	  	  	  	  	  	 	 	  
	Standard Inspection Form	  	  
	  	  	  	  	  	  	  	  	  	  
	Inspection Date	 
    	Time   	 
    	  	Property City	 
    	 
    	 
    
	Loan Number	 
    	 
    	 
    	  	Property State/Country	 
    	 
    	  /	 
    
	Property Name	 
    	 
    	 
    	  	Overall Property
    Rating	  	 
    
	  	  	  	  	  	  	  	  	  
	Photos

 

     

     

    

 

  

Inspection - Mgmt Interview      

	  	  	  	  	  	  	  	  	 	 	  
		  	  	  

                                                                                

                                                                                Standard Inspection Form

	  	  	  	  	  	  	  	  	  	  
	Inspection Date	 
    	Time   	 
    	  	Property City	 
    	 
    	 
    
	Loan Number	 
    	 
    	 
    	  	Property State/Country	 
    	 
    	  /	 
    
	Property Name	 
    	 
    	 
    	  	Overall Property
    Rating	  	 
    
	  	  	  	  	  	  	  	  	  
	Management
    Information & Interview

 

	  	 
    	  	  	 
    	 
    	 
    
	Management Company Name	 
    	  	Phone Number	 
    	 
    
	Name of Information Source	                  /	  	Email Address	 
    	 
    
	Role or Title of Information
    Source	 
    	  	Length of
    time at property	 
    
	Management Affiliation	 
    	  	Mgmt change
    from last inspection	 
    

	  	  	  
	In your opinion, how does
    the property perform compared to similar properties in the area?	 
    	 
    
	In your opinion, what
    is the average percentage of vacancy in similar properties in the area?	  	 
    
	Based on market survey,
    what is the current average rents paid in the area ($ per square foot/units/beds)?	  	 
    
	In
    your opinion, explain the reason for any variance on vacancy & rents between the market and the subject property:	  	  
	 
    	  	 
    
	  	  	  
	In the past 12 months,
    have there been any fires, significant water intrusion or other property damage?	  	 
    
	If
    yes, explain the location on the property, costs associated, any insurance claims submitted, resolution & leaseability:	  	  
	 
    	  	 
    
	  	  	  
	In the past 12 months,
    to the best of your knowledge, have any code violations been received?	  	 
    
	If
    yes, please describe the violation, the costs associated and any resolution or outstanding issues:	  	  
	 
    	  	 
    
	  	  	  
	Is the property undergoing
    any significant rehab/construction?	  	 
    
	If
    yes, explain the location, size and estimated costs:	  	  
	 
    	  	 
    
	  	  	  
	Is the property in compliance
    with ALL O&M Plan(s)?	 
    	 
    
	(Plans
    such as, but not limited to, Operations and Maintenance, Moisture Management and Environmental Remediation.)	  	  
	If
    no, please explain which plan(s), the requirements, noncompliance items and estimated costs:	  	  
	 
    	  	 
    
	  	  	  
	Any change or violations
    of a Franchise Agreement or License(s) at the property?	 
    	 
    
	If
    yes, please explain any change or violation, costs & any resolution or outstanding issues:	  	  
	 
    	  	 
    
	  	  	  
	To the best of your knowledge,
    are there any lawsuits pending that may negatively impact the property?	  	 
    
	If
    yes, please explain:	  	  
	 
    	  	 
    
	  	  	  
	Other
    Information or Comments:	  	  
	 
    	  	  
	 
    	  	 
    
	  	  	  
	Copyright
    2008 Mortgage Bankers Association, Washington, DC	  	   

 

     

     

    

 

Inspection
- Multifamily 

 

Standard
Inspection Form 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property
    State/Country	 
    	 /	 
    
	Property
    Name	 
    	 
    	 
    	Overall
    Property Rating	 
    

 

	Multifamily,
    Mobile Homes, Cooperative Housing, Student Housing

	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	Property
    Information
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Heat at the
    Property	 
    	  	  	Gas at the
    Property	 
    
	Water at the
    Property	 
    	  	  	Trash at the
    Property	 
    
	Electric at
    the Property	 
    	  	  	Cable at the
    Property	 
    
	Change to
    Major Employer	 
    	  	  	If yes, describe:	 
    
	Change to
    Commercial/Retail	 
    	  	  	If yes, describe:	 
    
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  Unit Breakdown	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	#
    of Bedrms	#
    of Bath	#
    of Units	Avg
    Ft2
    / Unit	Monthly
    Rent	#
    Occupied	#
    Vacant	#
    Down	#
    Inspected
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	Totals	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Tenant Profile	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	 
    	 
    
	   Corporate	 
    	  	Military	 
    	  	Seasonal	 
    	  	Seniors	 
    	  	Students	 
    	Other	100%
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	Property
    Condition
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Detailed
    Report of Units Inspected	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Unit
    #	#
    of Bedrms	#
    of Bath	Square
    Feet	Asking
    Rent	Current
    Use	 Overall
    Condition	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    

 

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	    

 

 

     

     

    

 

Inspection
- Healthcare     

 

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

 

	Healthcare,
    Nursing Home, Hospitals

	 
	   Property Information
	 

	 	 	 	 	 	 	 	 	 	 
	 	General Information	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Total Number of Beds	 	 	 	Number of Beds Occupied	 
	 	 	 	 	 	% Occupied	 
	 	 	 	 	 	 	 
	 	New Patients Currently being Accepted  	 	 	 	Admission Waiting Period	 
	 	 	 	 	 	Proximity to a Hospital	 

	 	 	 	 	 	 	 	 	 	 
	 	Level of Care Breakdown	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Unit Type	Total #

Beds	Total # Beds Occupied	
        Total # 

        Units
	Total # Units

Occupied	Avg. S.F. / 

Unit	 Monthly 

Rent	# Beds

Vacant
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	  Totals	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Administrator’s Name	 	/	 	 	Length of Time at Property	 	 
	 	Director of Nursing’s Name	 	/	 	 	Length of Time at Property	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Direct Care Staff Numbers	 	Day	Evening	Night	Comments
	 	 	Nurses -	RNs	 	 	 	 	 
	 	 	Nurses -	LPNs	 	 	 	 	 
	 	 	Other Direct Care	 	 	 	 
	 	Non Direct Care Personnel	 	 	 	 
	 	Total Staff	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Regulatory / Licensing Agency Information	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Name of the Agency	 	 	 	Contact Person	                    /	 	 
	 	Expiration Date of Operating License	 	 	All Licenses Current	 	 	 
	 	Date of last Medicare inspection	 	 	Property Medicare Certified	 
	 	Date of last Medicaid inspection	 	 	Property Medicaid Certified	 
	 	Please describe any violations, costs associated, resolution or outstanding issues: 
	 	 

 

	      Copyright
    2008 Mortgage Bankers Association, Washington, DC	

 

     

     

    

 

Inspection
- Healthcare     

 

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

	 	 	 	 	 	 	 	 	 
	Property Condition	 	 	 	 
	Handrails in the halls	 	 	Exits clearly marked	 
	Grab bars present in rest rooms	 	 	Intercom System	 
	Staff interacts well with residents	 	 	Generator Function	 
	Facility looks and smells clean	 	 	 	 
	Additional description of any safety or deficiency issues observed: 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Units or Beds Inspected	 	 	 	 	 
	 	 	 	 	 	 	 
	Down Units (List the unit #)	 	 	 	 
	 	 	 	 	 	 	 
	Detailed Report of Units Inspected	 	 	 	 

 

	Unit #	# of Bedrms	# of Bath	Square Feet	Asking Rent	Current Use	Overall Condition
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

	      Copyright
    2008 Mortgage Bankers Association, Washington, DC	

 

     

     

    

  

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

	  	 	 	 	 	 	 	 	 	  	 	 	  	 	  
	Rent
    Roll
	  	  	  	  	  	  	  	  	  	  	  
	 	 	 	 	 	 	 	 	 	 	 
	Rent Roll Attached	 
    	  	  	(Select
    One)	  	  
	Rent Roll Summary Attached	 
    	  	  	  	  	  	  
	Single Tenant Property	 
    	  	  	Lease expires:	  	  
	Hospitality Property	 
    	  	  	YTD ADR:	  	  	RevPAR: 	 	  	ADO: 	  
	  	  	  	  	  	  	  	  	  	  	  
	Insert
    Rent Rolls in the space below using Excel commands or via Copy and Paste

  

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	     

 

     

     

    

  

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date   	 
    	Time	 
    	 
    	 
Property
    City    		 
    
	Loan
    Number   	 
    	 
    	Property State/Country	  	 
	 
    	   	 
    
	Property
    Name   	 
    	 
    	Overall Property
        Rating	
	 
    

 

	Maps
	  

 

	  	Regional
    Map
	  	  
	  	 

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

	  	  
	  	Neighborhood
    Map
	  	  
	  	 

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

  

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	    

 

     

     

    
 

Comprehensive
Assessment Addendum     

	  	 	  
		 	 

                                                                    

                                                                    Standard Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

 

	 
    	 
    	 
    	 
    	 
    
	Limitations
    of Field Assessment
	  
	Did
    you experience any of the following limitations to performing this field assessment:  (Choose Yes/No)	  
	  	Management
    unavailable for interview or management experience on the property is less than six months	 
    
	  	Occupied units
    were unavailable for assessment, or the total number of units available (occupied or unoccupied) was insufficient	 
    
	  	Significant
    portions of the common areas, amenities or basements, etc. were unavailable for assessment	 
    
	  	Snow was covering
    most exterior areas (parking lots, roofs, landscape areas)	 
    
	  	Other	  	  	  
	  	None	 
    	  	  
	  	Comment:	 
    	  	 
    

	  	  	  
	Comprehensive
    Property Assessment Ratings
	  	  	  
	1.  	Life
    Safety (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	2.	Deferred
    Maintenance (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	3.	Routine
    Maintenance (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	4.	Capital
    Needs (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	5.	Level/Volume
    of issues noted and appropriate follow-up recommendations (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    

	  	  	  	  	  	  
	Overall
    Rating and Additional Comments
	  
	Overall
    Rating Scale:	 

         
	  
	  	  	1
    = No substantial concerns observed. No further action required.
	 	 	 
	  	  	2 = Some
    minor issues noted. Limited follow-up required.
	 	 	 
	  	  	3 = Substantial
    and/or critical issues noted. Documented follow-up required.
	 	 	 
	  	  	4 = Overall
    condition showing signs of deterioration. Documented follow-up with possible action plan required.
	 	 	 
	  	  	5 = Severe
    deferred maintenance observed. Follow-up and substantial action plan required.
	  	  	  	  	  
	  	Comment: 	 

         

	  	  	  	  	  
	Inspector
    Information
	  	  	  	  	  
	Seller/Servicer
    Certification	Date:	 
    	 
    
	  	  	  	  	  
	First
    Name:	 
    	 
    	 
    	 
    
	Last
    name:	 
    	 
    	 
    	 
    
	Title:	 
    	 
    	 
    	 
    
	Phone
    Number:	 
    	 
    	 
    	 
	Email
    Address:	 	 	 	 

  

	Copywrite
    2008 Mortgage Bankers Association, Washington, DC	    

 

     

     

    

 

 

EXHIBIT
D

 

(Tax,
Insurance, UCC and Letter of Credit Certification)

 

    D-1

     

    

 

	CD
    2018-CD7
	QUARTERLY  TAX
    MONITORING REPORT
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subservicer:	_______________________________________	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Quarter
    Ending:	_______________________________________	 	 	 	 	 	 	 	 	 
	Due
    each January 15, April 15, July 15, October 15 for the preceding quarter end.	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subservicer	Prospectus	Property	 	 	Property
    Address	 	 	Most
    recent tax	Due
    date for	Actual
    date most 	Next
    payment	Any
    outstanding sales certs
	Loan
    #	No.	Sequence
    No.	Borrower
    Name	Property
    Name	(including
    State)	Parcel
    #	Tax
    Authority	amount
    paid	most
    recent taxes paid	recent
    taxes paid	due
    date	or
    other tax liens (Y/N)
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	CERTIFICATE
    OF REAL ESTATE TAX PAYMENTS
	 	 	 	 	 	 	 	 	 	 	 	 	 
	The undersigned hereby certifies
    that it has inspected actual tax receipts or has otherwise verified full payment of all real estate taxes for the quarter
    ending (for example June 30, 2018) and for all prior periods on properties covered by all mortgage loans sub-serviced by it
    on behalf of KeyBank National Association and held by the securitization known as (for example: CD 2018-CD7.  The
    undersigned further certifies that no unredeemed sales certificates or other tax liens are outstanding against any of the
    aforesaid properties other than as indicated above on the matrix.
	 	 	 	 	 	 	 	 	 	 	 	 	 
	[Subservicer]	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	_____________________________	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name:	_____________________________	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Title:	_____________________________	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date:	_____________________________	 	 	 	 	 	 	 	 	 	 

 

     

     

    

 

	CD
    2018-CD7
	QUARTERLY  INSURANCE
    MONITORING REPORT
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subservicer:	_______________________________________	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Quarter
    Ending:	_______________________________________	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Due
    each January 15, April 15, July 15, October 15 for the preceding quarter end.	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subservicer	Prospectus	Property 	 	 	Property
    Address	Coverage
    Expiration 	 	Carrier
    Rating in 	 	 	Terrorism
    Coverage Required	Coverage
    Types (“x” as applicable)	 
	Loan
    No.	No.	Sequence
    No.	Borrower
    Name	Property
    Name	(including
    State)	Date	Carrier
    Name	Compliance
    with PSA (Y/N)	Agent
    Name	Policy
    #	 under
    Loan Documents Y/N	Property	General
    Liability	Umbrella	Terrorism	Other
    (provide description)	Coverage
    Amount	Comments
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CERTIFICATE
    OF INSURANCE	 
	 	 	 	 	 	 	 
	The
    undersigned hereby certified that it holds in its custody a certificate or other appropriate proof of valid insurance on the
    individual properties through the quarter ending (for example June 30, 2018) which are securing mortgage loans held by the
    securitization known as (for example: CD 2018-CD7), which are sub-serviced by the undersigned on behalf of KeyBank National
    Association.  The various types and amounts of insurance coverages provided by such policies comply with the requirements
    of the individual loan documents.  The properties are correctly identified in the policies, and all improvements
    thereon to be insured are included and properly described; that the name or names of the insured exactly conform to the
    name or names in which title is held; that a standard, noncontributory mortgagee clause in favor of  (for example:
    [Subservicer Name] as Subservicer for  KeyBank National Association, as Master Servicer for [Trustee Name] as Trustee
    for the registered Holders of [securitization name].	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[Subservicer]	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	_____________________________	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name:	_____________________________	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Title:	_____________________________	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date:	_____________________________	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	

 

     

     

    

 

 

	CD
    2018-CD7
	QUARTERLY
    UCC TRACKING REPORT
	 	 	 	 	 	 	 	 	 	 	 	 
	Subservicer:	_______________________________________	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Quarter
    Ending:	_______________________________________	 	 	 	 	 	 	 	 
	Due
    each January 15, April 15, July 15, October 15 for the preceding quarter end.	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Subservicer	Prospectus	Property	 	 	Property
    Address	 	 	Original	Continuation	Next	Expired
	Loan
    No	No	Sequence
    No.	Borrower
    Name	Property
    Name	(including
    State)	Jurisdiction	Secured
    Party Name	Filing
    Date	Filing
    No.	Filing
    Date	Y/N
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	CERTIFICATE
    OF UCC FILINGS	 
		 
	The
    undersigned hereby certifies that it holds in its custody a certificate or other appropriate proof of valid UCC liens and
    any assignments, and/or continuations thereof, as required by individual loan documents in accordance  with the PSA,
    Subservicing Agreement, and standard servicing practices on the individual properties which are securing mortgage loans held
    by the securitization known as (for example: CD 2018-CD7, which are sub serviced by  the undersigned on behalf of KeyBank
    National Association.  The undersigned further certifies that no UCC financing statement has expired without a continuation  being
    filed other than stated above on the matrix.	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	[Subservicer]	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:	_____________________________	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Name:	_____________________________	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Title:	_____________________________	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Date:	_____________________________	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

     

     

    

 

	CD 2018-CD7
	 
	QUARTERLY CERTIFICATION OF LETTER
    OF CREDIT
	 	 	 	 	 	 	 	 	 	 
	Subservicer:	_______________________________________	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Quarter
    End	_______________________________________	 	 	 	 	 
	Due
    each January 15, April 15, July 15, October 15 for the preceding quarter end.	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Loan
    #	Sub-servicer
    Loan#	Letter
    of Credit #	Issuing
    Bank	Original
    Amount	Remaining
    Amount	Active
    Y/N	Expiration
    Date	Review
    Date	Presentation
    Date
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	We hold evidence
    that the above described letters of credit are current, in full force and effect, and comply with the requirements	 
	as set forth in the various
    loan documents and in the Subservicing Agreement.	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	[Subservicer]	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	By:	_____________________________	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Name:	_____________________________	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Title:	_____________________________	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Date:	_____________________________	 	 	 	 	 	 

 

     

     

    

 

EXHIBIT
E

 

(Account
Certification)

 

Securitization:
CD 2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-CD7                           

 

Subservicer:
                    Berkeley Point Capital LLC                                                                                                                  

 

	______________  New
    Account   _____________  Change of Account Information
	 	 
	Indicate purpose of account (check all that
    apply):	 
	 	 
	______  Principal
    & Interest	______  Deposit Clearing
	 	 
	______  Taxes
    & Insurance	______  Disbursement Clearing
	 	 
	______  Reserves
    (non-interest bearing)	______  Suspense
	 	 
	______  Reserves
    (interest bearing)	 

  

	Account
    Number:	 
	 	 
	Account
    Name:	 

 

Depository
Institution (and Branch):

	 	 	 
	   	Name:	___________________________________________________________________________________________________________________
	 	 	 
	 	Street:	___________________________________________________________________________________________________________________

 

	 	 City, State,
    Zip:____________________________________________________________________________________________________________

 

	   	Rating Agency: _____________________________________________	Rating:	_______________________________________________________

 

Please
note that the name of the account must follow the guideline specifications detailed in the applicable agreement.

 

	Prepared by:	 

 

	Signature:	 

 

	Title:	 

 

	Date:	 

 

	Telephone:	 	 	Fax:	 

 

 

    E-1

     

    

 

EXHIBIT
F

 

FORM
OF SUBSERVICER PERFORMANCE CERTIFICATION

 

Re:     CD
2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series    2018-CD7

 

I,
[identify the certifying individual], a [title/officer] of [name of subservicer] a [type of entity] as subservicer (the “Subservicer”)
under that certain subservicing agreement dated as of August 1, 2018 (the “Subservicing Agreement”)
between Subservicer and KeyBank National Association (the “Master Servicer”) whereby the Subservicer
agreed to perform certain of the Master Servicer’s servicing responsibilities under that certain pooling and servicing agreement
dated as of August 1, 2018, among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, KeyBank National Association,
as Master Servicer, Rialto Capital Advisors, LLC, as Special Servicer, [CERTIFICATE ADMINISTRATOR], as Certificate Administrator,
Paying Agent and Custodian, [TRUSTEE], as Trustee, and [OPERATING ADVISOR], as Operating Advisor and Asset Representations Reviewer,
with respect to the CD 2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-CD7, on behalf of Subservicer,
certify to [Name of Certifying Person(s) for Sarbanes-Oxley Certification], the Master Servicer, the Trustee, the Depositor, the
Certificate Administrator and their respective officers, directors and affiliates, and with the knowledge and intent that they
will rely upon this certification, that:

 

1.       I
have reviewed the servicing reports relating to the Mortgage Loans delivered by the Subservicer to the Master Servicer pursuant
to the Subservicing Agreement, including all information, disclosures and reports required under Section 3.06 (collectively, the
“Subservicer Reports”), during the fiscal year 20__ (the “Relevant Period”); 

2.       Based
on my knowledge, with respect to the Relevant Period, all servicing information, disclosures and reports required to be submitted
by the Subservicer to the Master Servicer pursuant to the Subservicing Agreement, including all information, disclosures and reports
required under Section 3.06 for the Relevant Period, have been submitted by the Subservicer to the Master Servicer; 

3.       Based
on my knowledge, the information contained in the Subservicer 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 Relevant Period; 

4.       I
am responsible for reviewing the activities performed by the Subservicer and, based on my knowledge and the compliance review
conducted in preparing the annual compliance statement required under Section 3.06(f) of the Subservicing Agreement, during the
Relevant Period, and except as disclosed in the annual officer’s certificate required under such Section 3.06(f), the Subservicer
has fulfilled its obligations under the Subservicing Agreement; and 

5.       The
Subservicer’s report on assessment of compliance with servicing criteria and the related attestation report on assessment
of compliance with servicing criteria required to be delivered in accordance with the Subservicing Agreement discloses all material
instances of noncompliance by the Subservicer with the Relevant Servicing Criteria.

 

[Remainder
of Page Intentionally Blank; Signature Page Follows]

 

    F-1

     

    

 

SUBSERVICER: 

 

BERKELEY
POINT CAPITAL LLC, 

a
Delaware limited liability company

 

	By:		 	Date:	
	Title:		 	 	 

 

    F-2

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